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 […]
Articles by Khalid Al Mouahidi
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 […]
Bob Geldof’s 8 Miles fund buys 42% stake in Ugandan bank
The private investment fund 8 Miles Fund launched in 2011 by the former British rock star, Bob Geldof, has completed the acquisition of 42% stake […]
Kenya: Foreign investors haul $51Mln out of Nairobi Securities Exchange
The Nairobi Securities Exchange has lost 6.75% of its value during the month of May 2015. According to official sources, foreign investors took out Sh1.5 […]
Afreximbank opens its Abidjan branch to boost regional integration
The African Export-Import Bank, Afreximbank, officially opened this week-end an office in Abidjan, its third branch in the continent after Harare (Zimbabwe) in 1997 and […]
Algeria: Avril to launch € 20 M animal nutritional unit
The leading player in the French vegetable oil and protein industry, Avril group, will open next June a unit of animal nutrition in Algeria in […]
Nigeria Energy Crisis: Only 5 of 23 Power Plants are Functional
Nigeria’s energy crisis deteriorated Monday, as the Nigerian Electricity Regulatory Commission (NERC), the government agency responsible for regulating operations in the electricity sector, reported that […]