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 […]
Business
Ghana: Abengoa launches the first water desalination plant in West Africa
In Ghana, the Spanish company Abengoa SA has installed the first water desalination plant in West Africa. The infrastructure, inaugurated by Ghanaian President John Dramani […]
Kenya: Wrigley invests $ 63 million in a manufacturing plant of chewing gum
The US manufacturer of chewing gum Wrigley is building a plant worth $ 63 million in Kenya. Described by Martin Radvin, the president of the […]
Africa: Republic Bank to settle it headquarter in Accra
Republic Bank Ltd has informed the Ghanaian financial press that its offer to acquire a majority stake of 50.1% in the month in House Finance […]
West-Africa: Bolloré to support the construction of the railway from Cotonou to Niamey
The governments of Benin and Niger have signed a final agreement for the construction of the railway line linking the port of Cotonou to Niamey, […]
Garissa attack: Kenya suspends the licenses of 13 money transfer companies
The Kenyan government has suspended the licenses of 13 companies to transfer funds following the recent massacre of 148 people by an Islamist commando at […]
Africa Re reported a net profit up to 39.7% in 2014.
African Reinsurance Corporation (Africa Re) has achieved a net profit of $ 118.5 million in 2014, against 84.8 million in 2013, an increment of 39.7% […]
Morocco: EBRD to open an office
The European Bank for Reconstruction and Development (EBRD) will open an office in Morocco reports the site Moroccan Le360 information. The institution, which has already […]
Côte d’Ivoire: The water Distribution agency has increase it’s net income
Société de Distribution des Eaux de Côte d’Ivoire (SODECI), saw its net profit increase in 2014 to 3.1 billion CFA francs, against only 2.4 billion […]
Egypt: IFC to invest 1.2 to $ 2 billion in infrastructure and energy
The International Finance Corporation (IFC), a subsidiary of the World Bank in charge of the private sector, plans to invest 1.2 to $ 2 billion […]