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% […]
Articles by Khalid Al Mouahidi
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 […]
Mauritanian Sidi Ould Tah appointed new Director General of BADEA
The Mauritanian Minister of Economic Affairs and Development, Sidi Ould Tah was elected on the 7th April as General Director of the Arab Bank for […]
Morocco: GDP growth reached 4.4% in Q1 2015
The GDP of Morocco grew by 4.4% yoy at the end of the first quarter 2015, thanks to an increment of 12.3% of the agricultural […]