Showcasing India – South Africa Business Co-operation
Centrum Capital is acquiring FirstRand Bank’s (FRB’s) microfinance business. The move is part of Centrum’s strategy to boost lending operations focused on retail and small & medium enterprises (SMEs). The acquisition will help the non-banking finance company Centrum, which has
A New Development Bank (NDB) set up by the “BRICS” group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months. The BRICS – Brazil, Russia, India, China and South Africa
Mobile wallet company Mobikwik has sold 10.83% stake for Rs 225 crores (approximately $35.34 million at current rates) to Bajaj Finance. In a BSE filing, Bajaj Finance said it has entered into a subscription agreement with One MobiKwik Systems. Mobikwik
Global payments gateway PayU is now a part of the Indian government-backed Unified Payments Interface (UPI) platform. PayU India has launched its own UPI app that was in the pilot stage for three months, ET reports. The app is already
In a recent survey conducted by India Connect it was found that the challenges faced by Indian Companies in South Africa mostly related to administrative issues such as short term insurance and matters involving staff benefits such as medical aid. Some
The recently concluded African Development Bank (AFDB) annual meetings in India saw a refocus of attention on India-Africa relations. Rapid growth in engagement between India and Africa in recent years has been overshadowed somewhat by the considerable attention given to
India was placed at 75th position in 2015 and at 61st in the year before that, though it used to be among top-50 countries in terms of holdings in Swiss banks till 2007. The country was ranked highest at 37th
The New Development Bank (NDB, BRICS Bank) during the coming five years will focus on financing sustainable development and infrastructure projects, the Bank’s Strategy for 2017-2021 reads. The bank “will mobilize resources for infrastructure and sustainable development projects in BRICS
Sanjay Agarwal, the chief executive officer of Bank of Baroda’s South African unit, has died. “The South African Reserve Bank is aware of the passing away of Bank of Baroda CEO, Mr. Sanjay Agarwal, and conveys our sympathies to his