Tanzania: METL Group to invest $ 250 million in Africa
Mohammed Enterprises Tanzania Ltd (METL Group) is planning to invest $ 250 million in Africa in order to benefit from the growth of the middle […]
Business
Egypt: EFG-Hermes to increase its capital
The Egyptian investment bank EFG-Hermes has announced on April 20th in a statement that it would launch a capital increment of 391.83 million Egyptian pounds. […]
Nigeria: Wema Bank’s pre-tax profit rises 4% in Q1 2015
The Nigerian bank Wema Bank has announced on April 22nd, in a statement, a pre-tax profit of 615.28 million naira ($ 3 million) in the […]
Algeria’s deficit in the trade balance has reached $ 1.73 billion in 1Q 2015
The trade balance of Algeria has recorded a deficit of $ 1.73 billion in the first quarter of 2015, against a surplus of $ 1.83 […]
Air Côte d’Ivoire to invest $ 69 million for two Bombardier Q400
The Canadian aircraft manufacturer Bombardier has announced in a statement issued on the 13th April that Air Côte d’Ivoire, the national airline of the Republic […]
Société Générale allocates € 4 billion to develop its activities in Africa by 2016
The French bank Société Générale will allocate 4 billion euros of additional capital to accelerate the development of its activities in Africa by 2016, reports […]
Ecobank Cameroon lends Camair Co 30 billion CFA francs
The Cameroon subsidiary of the banking group Ecobank has been committed by the Cameroon Airlines Corporation (Camair Co), public airline, to mobilize in consortium with […]
Tunisia: “Monsieur Energie” program will create 25,000 jobs
The Trustee Council of Tunisia in collaboration with the National Agency for employment and self-employment prepares the realization of an energy program that will generate […]
BOAD grants short-term refinancing line to Coris Bank International
The West Africa Development Bank represented by its Chairman Mr. Christian and Idrissa NASSA, CEO of Coris Bank International (CBI), have signed an agreement after […]
Tanzania: National Microfinance Bank income of 2014 up $ 82,560,000
Supported by a strong increase in its interest income, National Microfinance Bank, one of the banks listed on the Dar es Salaam Stock Exchange, the […]