Banking: Société Générale buys stake in Bank of Mozambique
The French bank Société Générale has acquired a stake in The Mauritius Commercial Bank of Mozambique, as part of its strategy for growth in Africa, […]
Business
Ivory Coast: Jumia opens 6 new branches
African e-commerce company Jumia has announced on the 20th March, in a statement, the opening of six branches in Ivory Coast in the cities of Yamoussoukro, […]
Cameroon: 3.2 Bln CFA to setup 10 new cocoa processing plants
The Cameroonian’s government is planning to double its annual capacity of cocoa processing. According to Reuters, the country wants to succeed in transforming locally around […]
Egypt: PepsiCo plans an investment of $ 500 million in 2015
The beverage manufacturer PepsiCo will be engaged more in Egypt. The company has indicated that it plans to invest $ 500 million in its Egyptian […]
Access Bank realized a pretax profit of $ 261 million in 2014
Nigeria’s Access Bank has announced in March 16th, to have realized a profit before tax of 52.02 billion naira ($ 261 million) in 2014, up […]
Nigeria: WB lends $175 Mln to GTBank for expansion
The International Finance Corporation (IFC), the private arm of the World Bank, has announced on March 17th, in a statement, the granting of a loan […]
AfDB grants $ 50 million to ABC Holdings and its subsidiaries
The African Development Bank (AfDB) has announced on March 12th, in a statement, to have granted US $50 million multi-currency line of credit (LoC) with […]
Bank of Africa achieved a consolidated net profit of 58.5% in 2014
The Pan-African banking group Bank of Africa (BOA) has announced on March 13th, in a statement, that the institution realized a consolidated net profit of […]
Congo: ECAir Airline to start new regional destinations from March 22nd
Equatorial Congo Airlines, EcAir, the national airline of the Republic of Congo, Brazzaville has announced in a statement this weekend that the company will start […]
Atlantic Africa Club Set up to Promote Continent’s Integration
The Crans Montana Forum has set up, on the sidelines of its conference held in the Southern Moroccan City of Dakhla this March 12 through […]