Garissa attack: Kenya suspends the licenses of 13 money transfer companies
The Kenyan government has suspended the licenses of 13 companies to transfer funds following the recent massacre of 148 people by an Islamist commando at […]
Articles by Khalid Al Mouahidi
Ghana postpones its $ 1 billion new Eurobond to June 2015
The government of Ghana has decided to advance to the end of June, the date of issuance of its new Eurobond of one billion dollars, […]
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% […]
Egypt: China Railway to build Cairo railway for USD 800 million
The China Railway Construction Corporation group has announced on April 13th in a statement that one of its subsidiaries has won a USD 800 million […]
Morocco: EBRD to open an office
The European Bank for Reconstruction and Development (EBRD) will open an office in Morocco reports the site Moroccan Le360 information. The institution, which has already […]
IMF calls for a better regulation of Islamic finance
The International Monetary Fund (IMF) argued in a report published on 6th April for a better regulation of Islamic finance which assets currently amount to […]
ISIS-Libya attacks South Korean Embassy killing two
South Korea’s Embassy was attacked by unidentified gunmen on Sunday but the ISIS group in the country has claimed responsibility. Libyan nationals working at the […]
Côte d’Ivoire: The water Distribution agency has increase it’s net income
Société de Distribution des Eaux de Côte d’Ivoire (SODECI), saw its net profit increase in 2014 to 3.1 billion CFA francs, against only 2.4 billion […]
Egypt: IFC to invest 1.2 to $ 2 billion in infrastructure and energy
The International Finance Corporation (IFC), a subsidiary of the World Bank in charge of the private sector, plans to invest 1.2 to $ 2 billion […]
Nigeria: Unity Bank made a pre-tax profit up 35.2% in Q1 2015
The Nigerian bank, Unity Bank has announced in a statement on 9th April that the institution has made a pre-tax profit of 4.26 billion naira […]