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 […]
Finance
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 […]
Egypt: EFG-Hermes to increase its capital
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
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
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 […]
Air Côte d’Ivoire to invest $ 69 million for two Bombardier Q400
The Canadian aircraft manufacturer Bombardier has announced in a statement issued on the 13th April that Air Côte d’Ivoire, the national airline of the Republic […]
Ebola-hit countries call for $8 bn for ‘Marshall Plan’
The three countries most affected by the epidemic of Ebola, Guinea, Liberia and Sierra Leone have asked on April 17th in Washington, an international aid […]
Société Générale allocates € 4 billion to develop its activities in Africa by 2016
The French bank Société Générale will allocate 4 billion euros of additional capital to accelerate the development of its activities in Africa by 2016, reports […]
Ecobank Cameroon lends Camair Co 30 billion CFA francs
The Cameroon subsidiary of the banking group Ecobank has been committed by the Cameroon Airlines Corporation (Camair Co), public airline, to mobilize in consortium with […]