Banking: Société Générale buys stake in Bank of Mozambique
The French bank Société Générale has acquired a stake in The Mauritius Commercial Bank of Mozambique, as part of its strategy for growth in Africa, […]
Finance
ECOWAS: BOAD recorded a profit of 8.4 billion FCFA in 2014
The Board of Directors of the West African Development Bank (BOAD) held this week its 96th ordinary session chaired by Mr. Christian Adovelande, Chairman of […]
Cameroon: 3.2 Bln CFA to setup 10 new cocoa processing plants
The Cameroonian’s government is planning to double its annual capacity of cocoa processing. According to Reuters, the country wants to succeed in transforming locally around […]
Egypt: PepsiCo plans an investment of $ 500 million in 2015
The beverage manufacturer PepsiCo will be engaged more in Egypt. The company has indicated that it plans to invest $ 500 million in its Egyptian […]
Zambia plans to install 4,000 solar powered hammer mills
The Zambian government, in partnership with China, plans to install over 4,000 solar powered hammer mills nationally in a bid to curb rising mealy meal […]
Access Bank realized a pretax profit of $ 261 million in 2014
Nigeria’s Access Bank has announced in March 16th, to have realized a profit before tax of 52.02 billion naira ($ 261 million) in 2014, up […]
Nigeria: WB lends $175 Mln to GTBank for expansion
The International Finance Corporation (IFC), the private arm of the World Bank, has announced on March 17th, in a statement, the granting of a loan […]
Sub-Saharan Africa: AFD has spent 36.5% of its funding in 2014
The French Development Agency (AFD in French) has spent 36.5% of its funding to sub-Saharan Africa in 2014, according to the institution’s annual report published […]
AfDB grants $ 50 million to ABC Holdings and its subsidiaries
The African Development Bank (AfDB) has announced on March 12th, in a statement, to have granted US $50 million multi-currency line of credit (LoC) with […]
Senegal target Agricultural farms to generate “thousands jobs”
The Senegalese government is planning to develop 345 farms, which will generate about 60 thousand jobs, said on sunday 15th march, the Senegalese Ministry of […]