Mara Atlas to raise funds to make new acquisitions in Africa
The investment holding company dedicated to financial services in Africa, Atlas Mara has announced on the 25th March on the occasion of the publication of […]
Finance
Ethio Telecom has officially launched its 4G network
The Ethiopian incumbent, Ethio Telecom, officially started marketing its 4G services in Addis Ababa. Single telecom service provider in the country, the telecom company would […]
Zambia will export 800,000 tons of maize to its neighbors
The Zambian authorities have recently announced their intention to export 800,000 tons of white maize to neighboring countries. The move comes following a record harvest […]
Ecobank / SME financing was increased by $ 280 million between 2013 and 2014
The volume of assistance granted by Ecobank Transnational Incorporated in the Small and Medium Enterprises (SMEs) in its network, happened between 2013 and 2014, from […]
Nigeria and Ivory Coast negotiate the sukuk issuance with the Islamic Development Bank
Nigeria and Ivory Coast have begun negotiations with the Islamic Corporation for the Development of the Private Sector (ICD), a subsidiary of the Islamic Development […]
Nigeria: Switzerland returns $380m stolen by Sani Abacha
Geneva public ministry has announced on the 17th March, the return to Nigeria of 380 million that had been misappropriated by the former president Sani […]
Tunisia: $ 4 billion from the World Bank to support economic reforms
The executive director of the World Bank, Sri Mulyani Indrawati has announced on the 19th March that his institution will grant Tunisia a budget of […]
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, […]
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 […]