Equatorial Guinea: ICBC to finance $ 2 Bln infrastructure projects
Industrial and Commercial Bank of China ICBC), China’s biggest lender by assets, said on Wednesday it had signed an infrastructure agreement worth of $2 billion […]
Finance
Zambia: $500M to build biofuel plants
ORACLE Biofuels Limited is scouting for US$500 for the construction of several biofuel plants in in selected parts of Zambia. This announcement was made by […]
Ivoirians import 30 Bln CFA francs of onions per year
According to a recent report of the Ivorian government; the country’s national onion production covers only 5% of internal needs. This situation forced the country […]
Nigeria: FCMB gets the green light from its shareholders to rise $ 200M
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
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
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
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
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
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
Mohammed Enterprises Tanzania Ltd (METL Group) is planning to invest $ 250 million in Africa in order to benefit from the growth of the middle […]