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 […]
Finance
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 […]
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 […]