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 […]
Business
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 […]
Olam predicts a global cocoa deficit in 2015
According to the forecasts of the giant Singapore Olam, the world cocoa market will be in deficit this year. According to Gerry Manley, who directs […]
Kenya: Equity Bank Group realized a pretax profit of $ 245.08 million in 2014
The Kenya banking group, Equity Bank has announced in a statement released on the 10th March, having made a profit before tax of 22.4 billion […]
Nigeria: Naira depreciation has cost nearly $ 10.3 billion to Aliko Dangote in 2014
Aliko Dangote, Africa’s richest man, is the biggest loser among Nigeria’s richest people as the Naira’s slump, coupled with the falling of stock prices and […]