Africa loses $ 11 billion annually from fraud and tax avoidance, Oxfam
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 […]
Business
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 […]
Senegal : Société Générale recorded losses of FCFA 36.4Bln
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
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
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
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 […]
China Wu Yi Co to build roads in Kenya, Uganda and Ethiopia for $ 73 million
The construction firm China Wuyi Co Ltd announced on Monday it had won $73.2 million worth of contracts for the construction of roads in Kenya […]
Rabat and Dakar seal 13 cooperation deals
The first day of the working and friendship visit King Mohammed VI is paying to Senegal was marked by the signing of thirteen cooperation and […]
Ethiopia: $ 10Bln to lead a revolution in manufacturing
The Ethiopians officials have announced an annual investment of one billion dollars over the next decade in the development of specialized industrial parks. These areas, […]
Kenya: Diamond Trust Bank to open branches in Madagascar and DRC
Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by assets is planning to use part […]