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 […]
Finance
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 […]
Ethiopia : WB finances the second phase of the agricultural development program
Ethiopia has secured funding from the World Bank for the second phase of its agricultural development program. The initiative includes a $350 million loan that […]
Zambia: IFAD provide $ 15 million to finance the livestock sector
Zambia and the International Fund for Agricultural Development (IFAD) have signed a series of agreements to the amount of USD 15 million for the financing […]
Burkina Faso: AfDB $ 30.4 million to develop agricultural infrastructure
The African Development Bank (AfDB) has announced on May 8th, having granted 30.4 million dollars aid to Burkina Faso to finance infrastructure development and agricultural […]