Ecobank Cameroon lends Camair Co 30 billion CFA francs
The Cameroon subsidiary of the banking group Ecobank has been committed by the Cameroon Airlines Corporation (Camair Co), public airline, to mobilize in consortium with other local banks, funding totaling 30 billion CFA francs to launch the implementation of the recovery plan of the airline. The information is revealed by the DG of Camair Co, […]
Africa Re reported a net profit up to 39.7% in 2014.
African Reinsurance Corporation (Africa Re) has achieved a net profit of $ 118.5 million in 2014, against 84.8 million in 2013, an increment of 39.7% from one year to another. The leading reinsurer in Africa in terms of revenue said that this benefit outweighs 7.4% forecast in the business year plan of the company. Africa […]
The French SNCF and the Moroccan ONCF will create a joint venture for TGV’s maintenance
The Moroccan company ONCF and the French National Railway Company (SNCF) signed on the 6th January in Rabat a contract in the amount of € 175 million over 15 years, providing for the creation a joint venture for maintenance of future TGV in Morocco. The contract was signed by Guillaume Pepy, the president and CEO […]
Mauritania launches 1000 Ouguiya note on Guardian®
After it’s launching of two new banknotes, UM 200 and UM 100 in November 2014, the Central Bank of Mauritania (BCM) has released on Saturday, according to the decree establishing banknotes, the issue of its new 1000 Ouguiya banknote printed on Guardian® polymer substrate. Guardian® is currently used by 24 countries with 78 denominations worldwide. […]
Mali’s interim leader guarantees free and fair elections
Within the coming presidential elections scheduled on the 28 July, Mali’s interim leader Dioncounda Traore and his Prime minister have received the candidates and their representatives running for the presidency. In his meeting with the candidates he guaranteed that the coming elections will be free and fair. Traore highlighted the constraints the country is facing […]
Mali Army too nationalistic, too unrealistic
The Malian army has rejected the ECOWAS’ offer to send regional troops to protect capital city, Bamako, arguing it’s up to the Malians to defend their own country. The ECOWAS offer was part of a military plan providing for sending more than 3,000 troops to free northern Mali from the grip of Islamic militants who […]
Financial markets: time for a regional paradigm shift?
I remember the Emergence scenario I was expecting for North & West Africa back in the mid 90’s when i started my career in Emerging markets as African & Arab Credit Specialist; we were already foreseeing for just the next decade exactly what we were witnessing on “Latam” (Latin American) economies at the time of […]
Sudan-South Sudan: No agreement in sight for oil, border disputes
More than a year after South Sudan became independent from Sudan, the two countries have not yet reached agreement on their oil and border disputes and no progress seems likely in the meeting they are currently holding in Ethiopia in a bid to resolve these disputes. At this meeting, South Sudan has offered Sudan more […]
Cairo sweeps away fears on fate of Egyptian-Israeli peace treaty
Cairo has swept away fears as to the fate of the Egyptian-Israeli peace treaty when newly elected President Mohamed Morsi reaffirmed during talks with US secretary of State Hillary Clinton his country’s support to this treaty, signed in 1979, and that the United States deem as a cornerstone of regional security. Israelis as well as […]
Mali at grips with international community’s lethargy
As the situation in northern Mali is deteriorating by the day and as voices from inside the country are mounting calling for a military intervention to stop the Al-Qaeda-linked Islamists who have enforced an austere version of sharia law, destroyed ancient cultural and religious shrines and surrounded cities with landmines to trap residents, the international […]
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