Nigeria’s anti-graft agency arrests over 20 bankers for fraud
Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]
Finance
Kenya: Foreign investors haul $51Mln out of Nairobi Securities Exchange
The Nairobi Securities Exchange has lost 6.75% of its value during the month of May 2015. According to official sources, foreign investors took out Sh1.5 […]
Afreximbank opens its Abidjan branch to boost regional integration
The African Export-Import Bank, Afreximbank, officially opened this week-end an office in Abidjan, its third branch in the continent after Harare (Zimbabwe) in 1997 and […]
Tanzania earmarks $ 2 billion for roads construction in Dar Es-Salaam
The Tanzania government is planning to invest 4.394 trillion shillings ($ 2 billion) to build new road infrastructure and launch a rapid transit bus to […]
Ghana: the government expects 8 to 9% growth by 2017
Ghana’s economic growth is expected to rise 3.9% this year to about 8 to 9% in 2017, announced the Ghanaian Finance Minister Seth Terkper, early […]
Equity Bank to open office in DR Congo
Leading kenyan commercial bank, Equity Bank plans to expand to Congo. The Bank’s banking group has announced that it would soon open office in DR […]
IFC and Ecobank to supports SMEs in Africa
IFC, a member of the World Bank Group, and Ecobank Transnational Incorporated, parent company of the Ecobank Group and a leading pan-African full-service banking group, […]
Johann Rupert-backed Fund raises $ 345 Mln for Africa
Pembani Remgro Infrastructure Fund, founded by two of South Africa’s richest men, has raised $345 million to invest in electricity generation, transport and logistics in […]
E.U. allocates € 34 million food aid to six African countries
The European Union has announced providing assistance worth €34 million for immediate food aid for the most vulnerable people in Mauritania, Senegal, Gambia, Mali, Niger […]
Egypt: Palm Hills Raises $ 213 Mln in share issue
Palm Hills, Egypt’s second largest listed property developer announced on May 25th that it has raised 1.62 billion Egyptian pounds ($ 213 million) through a […]