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Citi

Citi is a global financial services corporation headquartered in New York City, United States. The bank operates in more than 160 countries and jurisdictions, providing a broad range of financial products and services to consumers, corporations, governments and institutions. Citi's core businesses include consumer banking, institutional clients group, corporate and investment banking, treasury and trade solutions, and wealth management. The company is one of the largest banking institutions in the world by assets and maintains a significant presence across Africa, where it offers corporate banking, trade finance, cash management and advisory services. In Africa, Citi serves multinational corporations, local businesses, financial institutions and public-sector entities, supporting cross-border trade and investment flows. The bank has operated on the continent for decades, with offices in key markets including South Africa, Nigeria, Kenya and other economic hubs. Citi provides research and economic analysis on African markets, tracking developments in trade policy, infrastructure investment and regional integration initiatives. The institution is listed on the New York Stock Exchange and is a systemically important financial institution closely regulated by US and international authorities. Citi was formed through the 1998 merger of Citicorp and Travelers Group, though its roots trace back to the founding of the City Bank of New York in 1812.

Citi Updates


World Bank Group VP and treasurer Jorge Familiar and Citi Public Sector Group global head Stephanie von Friedeburg sign the agreement
IFC signs R1.6bn agreement with Citi to boost local currency financing in South Africa
15th April 2026 By: Schalk Burger

Development finance institution (DFI) the International Finance Corporation (IFC), which is part of global finance organisation the World Bank, has signed a R1.6-billion borrowing facility with... 


Michael Berner, head of South and East Africa at Visa
Michael Berner
10th April 2026 By: Creamer Media Reporter

This week we profile Michael Berner, head of South and East Africa at Visa, a global payments technology company  


US hosts critical minerals event in Brazil amid diplomatic strains
18th March 2026 By: Reuters

The US embassy will sponsor an event in Sao Paulo between US investors and Brazilian firms looking to produce critical minerals on Wednesday amid diplomatic tensions that threaten to overshadow... 


An oil rig and tanker
Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say
2nd March 2026 By: Reuters

Analysts expect oil prices to remain elevated over the coming days while markets focus on the impact of escalating Middle East conflict on supplies through the Strait of Hormuz, a conduit for more... 


Containers are moved from rail cars at the Container Terminal at the port in Durban, South Africa
Trump's one-year AGOA extension offers brief but fragile trade reprieve, analysts say
5th February 2026 By: Reuters

Washington's one-year extension of its preferential trade programme for Africa will deliver only a short-lived reprieve for the continent, analysts said, with South Africa's inclusion remaining... 


Copper produced at Glencore's operations in Chile
Glencore close to appointing Citi as adviser for Rio Tinto merger talks, sources say
2nd February 2026 By: Reuters

Swiss miner Glencore is close to engaging Citi as its lead investment bank on its potential acquisition by Rio Tinto that could create the world's largest miner worth over $200-billion, two people... 


Deutsche Bank sees gold reaching $6 000 per ounce in 2026; Citi lifts near-term silver forecast
Deutsche Bank sees gold reaching $6 000 per ounce in 2026; Citi lifts near-term silver forecast
28th January 2026 By: Reuters

Deutsche Bank said on Tuesday that the price of gold could climb to $6 000 per ounce in 2026, while Citi raised its short-term forecast for silver to $150 an ounce. Spot gold notched a record high... 


Vale's iron-ore output hits seven-year high in 2025, surpassing Rio Tinto's Pilbara
Vale's iron-ore output hits seven-year high in 2025, surpassing Rio Tinto's Pilbara
28th January 2026 By: Reuters

Brazilian miner Vale's iron-ore production rose to 336.1-million metric tons in 2025, the company said on Tuesday, marking the first time since 2018 that its output surpassed that of rival Rio... 


Rio Tinto's offices
Rio Tinto engages three banks to advise on potential Glencore acquisition, source says
14th January 2026 By: Reuters

Rio Tinto has engaged JPMorgan and two other advisers on its potential acquisition of Glencore, a deal that could create the world's largest miner worth over $200-billion, a source with knowledge... 


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