Mali: Abu Dhabi Development Fund to finance a hybrid solar energy project
The Abu Dhabi Fund for Development (ADFD) signed a $ 9 million loan agreement with the Malian Government to finance the construction of a hybrid […]
Finance
Nigeria: Sanusi to head Blackstone Africa energy fund
Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of Lamido Sanusi, Emir of Kano and Former Governor of the […]
CIB banking group bought Citigroup’s retail banking business in Egypt
The Egyptian Commercial International Bank (CIB) announced in a statement the acquisition of the retail banking business of the American Citigroup in Egypt. The first […]
Cameroon: Nexttel lands 2 million subscribers in 8 months
The Viettel telecom company, Nexttel has recorded two million subscribers in first eight months of activities with its 3G license, Cameroon’s third mobile provider said […]
China Development Bank lends $ 2 billion to Transnet group
The South African logistics group Transnet announced it had obtained a loan of 30 billion rand ($ 2 billion) from the China Development Bank to […]
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 […]
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 […]