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 […]
Finance
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 […]
Madagascar: EIB grants € 300Mln for roads and electricity
The European Investment Bank (EIB) granted a loan of € 300 million to Madagascar for the rehabilitation of roads, power plants and other infrastructure, announced […]
Nigeria: Skye Bank 2015 Q1 pretax profit up 81% in Q1 2015
The Nigerian bank, “Skye Bank” has announced on May 19th, in a statement that its first quarter (Q1) 2015 pretax profit climbed up 81 percent […]
Egypt’s CIB posts 38% rise in 2015 Q1 profit
Egyptian banking group Commercial International Bank (CIB) announced on May 13, has recorded consolidated revenues of EGP 2.58bn, up 47% and a net income of […]
South Africa: FirstRand obtained a credit facility of $235mln
The South African banking group “FirstRand” has obtained a credit facility of $ 235 million with from nine (9) financial institutions from the Gulf Cooperation […]
Ivory Coast: Tratafric Motors recorded a short-term debt
The Ivorian subsidiary of “Tratafric Motors” has release its financial results of the year 2014 which will be submitted to the general meeting of the […]