Atlas Mara Ltd. to Buy Finance Bank Zambia
Atlas Mara Ltd. is in talks to buy the troubled Finance Bank of Zambia Limited (FBZL) from its majority shareholder, Rajan Mahtani, according to a […]
Articles by Khalid Al Mouahidi
Car Industry: Morocco’s “Low-Cost Business Model” Attracts More Investments
Building reliable, affordable and good quality cars for mass-market is certainly the ultimate goal of all big automakers. Competition is the driving force of this […]
Nigeria’s Central Bank approves initial N152bn release in real sector facility
The Central Bank of Nigeria (CBN) has approved an initial N152 billion loan under its newly set up N300 billion Real Sector Support Fund (RSSF) […]
Nigeria: Sanusi to head Blackstone Africa energy fund
Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of Lamido Sanusi, Emir of Kano and Former Governor of the […]
Ghana needs $15 bln over 10 yrs to close infrastructure gap, Vice President
Ghana’s Vice President Kwesi Amissah-Arthur said at a forum of financial sector operators and private entrepreneurs in Dakar that Ghana requires some 15 billion dollars […]
CIB banking group bought Citigroup’s retail banking business in Egypt
The Egyptian Commercial International Bank (CIB) announced in a statement the acquisition of the retail banking business of the American Citigroup in Egypt. The first […]
Egypt Eastern Tobacco Company to set up $20 Mln manufacturing plant in Malawi
Egypt Eastern Tobacco Company has partnered with Auction Holdings Limited (AHL) Group to set up a $20 million cigarette manufacturing plant to be located in […]
Côte D’Ivoire: Standard to open a branch in Abidjan
The South African banking group Standard Bank has announced recently that it would convert its representative office in Côte d’Ivoire into a Branch to expand […]
Karen Betts, UK New Ambassador to Morocco
Ms Karen Betts has been appointed as the United Kingdom new ambassador to Morocco, announced the Foreign Office in its web site. Ms Betts will […]
Nigeria’s anti-graft agency arrests over 20 bankers for fraud
Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]