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Business

Cameroon to set up six new cassava processing units

June 9, 2015 Steven Addamah 0

The government of Cameroon is going to modernize its agriculture sector trough the installation of new processing units. The localities of Edea and Dibombari, in […]

Somalia to resumet livestock exportation to Egypt

June 9, 2015 Geraldine Boechat 0

An agreement on the resumption of Somalian livestock exports to Egypt has been reached recently between the two governments which also decided to bolster exchanges […]

Kenya: IMF lowered its growth forecast for 2015 to 6.5%

June 8, 2015 Geraldine Boechat 0

The International Monetary Fund (IMF) announced that the Kenyan economy is expected to grow by 6.5% in 2015, against the 6.9% forecast announced earlier this […]

Egypt-Italy: Eni to invest $ 2 billion in Egypt’s oil fields exploration

June 5, 2015 Geraldine Boechat 0

Egypt and the Italian oil company Eni have agreed on a $2 billion deal authorizing the Italian firm to explore some of Egypt’s oil fields. […]

Africa loses $ 11 billion annually from fraud and tax avoidance, Oxfam

June 5, 2015 Steven Addamah 0

Multinational companies deprive African governments of 11 billion dollars in taxes each year, and the G7 world leaders should set up a new global body […]

Bob Geldof’s 8 Miles fund buys 42% stake in Ugandan bank

June 2, 2015 Khalid Al Mouahidi 0

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 […]

Senegal : Société Générale recorded losses of FCFA 36.4Bln

May 30, 2015 Steven Addamah 0

The Senegalese subsidiary of the French banking group “Société Générale” has recorded losses of 36.4 billion FCFA (about 55 million euros) in 2014, said the […]

Egypt: 20 companies listed on EGX since May 2014

May 29, 2015 Geraldine Boechat 0

The Egyptian Stock Exchange is preparing to welcome, for the second time, an investment conference on financial markets, reports Egypt “Daily News” citing a press […]

Algeria: Avril to launch € 20 M animal nutritional unit

May 28, 2015 Khalid Al Mouahidi 0

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 […]

Kenya’s Barclays reports 10% pretax growth in Q1 2015

May 27, 2015 Geraldine Boechat 0

The Kenyan subsidiary of Barclays Bank Group announced that its pretax profit for the first quarter rose 10 percent to 3.12 billion Kenyan shillings ($32 […]

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News

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