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 […]
Business
Tunisia, Côte d’Ivoire sign 4 ICT agreements
Tunisia and Côte d’Ivoire have signed four agreements relating to the postal sector, digital knowledge transfer and Information and Communication Technology last week. The Tunisian […]
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 […]
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 […]