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Finance

Nigeria: FCMB gets the green light from its shareholders to rise $ 200M

April 28, 2015 Khalid Al Mouahidi 0

Shareholders of the Nigeria’s First City Monument Bank (FCMB), have marked last week, their agreement to the plan proposed by the leaders to mobilize 40 […]

Cameroon: To invest 10Bln CFA francs in livestock sector

April 28, 2015 Khalid Al Mouahidi 0

In Cameroon, the livestock sector will soon benefit from preservation and transformation equipment through funding of 10 billion CFA francs obtained from Spanish investors visiting […]

Orange Tunisia condemned for illegal business practice

April 27, 2015 Khalid Al Mouahidi 0

The mobile operator Orange Tunisie was sentenced to pay a sum of 30,000 dinars (about 15,000 dollars) to the National Telecommunications for illegal business practice. […]

Nigeria: Presco has invested over 1Bln in 10 years

April 27, 2015 Khalid Al Mouahidi 0

Last ten years, the investments of the Presco Oil Palm Plc in Nigeria have crossed the billion dollars. In an interview with This Day, Pierre […]

Fitch expects solid growth for African banks

April 27, 2015 Khalid Al Mouahidi 0

The British rating agency, Fitch Ratings estimated on April 23rd in a statement that the growth of banks in sub-Saharan Africa is expected to remain […]

Côte d’Ivoire: IDB to issue $ 600 million sukuk

April 27, 2015 Khalid Al Mouahidi 0

The Islamic Corporation for the Development of the Private Sector (ICD), a subsidiary of the Islamic Development Bank (IDB) has announced on April 23rd to […]

Tanzania: METL Group to invest $ 250 million in Africa

April 27, 2015 Khalid Al Mouahidi 0

Mohammed Enterprises Tanzania Ltd (METL Group) is planning to invest $ 250 million in Africa in order to benefit from the growth of the middle […]

Egypt: EFG-Hermes to increase its capital

April 22, 2015 Khalid Al Mouahidi 0

The Egyptian investment bank EFG-Hermes has announced on April 20th in a statement that it would launch a capital increment of 391.83 million Egyptian pounds. […]

Nigeria: Wema Bank’s pre-tax profit rises 4% in Q1 2015

April 22, 2015 Khalid Al Mouahidi 0

The Nigerian bank Wema Bank has announced on April 22nd, in a statement, a pre-tax profit of 615.28 million naira ($ 3 million) in the […]

Algeria’s deficit in the trade balance has reached $ 1.73 billion in 1Q 2015

April 22, 2015 Khalid Al Mouahidi 0

The trade balance of Algeria has recorded a deficit of $ 1.73 billion in the first quarter of 2015, against a surplus of $ 1.83 […]

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