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 […]
Finance
Ghana postpones its $ 1 billion new Eurobond to June 2015
The government of Ghana has decided to advance to the end of June, the date of issuance of its new Eurobond of one billion dollars, […]
Egypt: China Railway to build Cairo railway for USD 800 million
The China Railway Construction Corporation group has announced on April 13th in a statement that one of its subsidiaries has won a USD 800 million […]
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 […]
Ivory Coast: WB grant $ 50 million to support the youth employment and training
The World Bank has announced on 26th March, in a statement, that it has granted the Ivory Coast a loan of $ 50 million to […]
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 […]