Cameroon to set up six new cassava processing units
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 […]
Business
Somalia to resumet livestock exportation to Egypt
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%
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
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
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
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 […]