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 […]
Business
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 […]
Nigeria: Unity Bank made a pre-tax profit up 35.2% in Q1 2015
The Nigerian bank, Unity Bank has announced in a statement on 9th April that the institution has made a pre-tax profit of 4.26 billion naira […]
Mauritanian Sidi Ould Tah appointed new Director General of BADEA
The Mauritanian Minister of Economic Affairs and Development, Sidi Ould Tah was elected on the 7th April as General Director of the Arab Bank for […]
Morocco: GDP growth reached 4.4% in Q1 2015
The GDP of Morocco grew by 4.4% yoy at the end of the first quarter 2015, thanks to an increment of 12.3% of the agricultural […]
Marrakesh Hosts WTO 20th Anniversary Celebration
Marrakesh which had hosted in 1994 the birth ceremonies of the World Trade Organization is playing host this April 8-9 to a high-level conference, part […]
IMF reduces the debt of Guinea
The International Monetary Fund (IMF) has announced on March 26th, that the institution has reduced the debt of Guinea for 29.8 million. This was achieved […]