Egypt’s CIB posts 38% rise in 2015 Q1 profit
Egyptian banking group Commercial International Bank (CIB) announced on May 13, has recorded consolidated revenues of EGP 2.58bn, up 47% and a net income of […]
Finance
South Africa: FirstRand obtained a credit facility of $235mln
The South African banking group “FirstRand” has obtained a credit facility of $ 235 million with from nine (9) financial institutions from the Gulf Cooperation […]
Ivory Coast: Tratafric Motors recorded a short-term debt
The Ivorian subsidiary of “Tratafric Motors” has release its financial results of the year 2014 which will be submitted to the general meeting of the […]
Ethiopia : WB finances the second phase of the agricultural development program
Ethiopia has secured funding from the World Bank for the second phase of its agricultural development program. The initiative includes a $350 million loan that […]
Zambia: IFAD provide $ 15 million to finance the livestock sector
Zambia and the International Fund for Agricultural Development (IFAD) have signed a series of agreements to the amount of USD 15 million for the financing […]
Burkina Faso: AfDB $ 30.4 million to develop agricultural infrastructure
The African Development Bank (AfDB) has announced on May 8th, having granted 30.4 million dollars aid to Burkina Faso to finance infrastructure development and agricultural […]
Tunisia: AfDB will provide $ 450Mln in 2015
The African Development Bank (AfDB) will grant to Tunisia, a financing of a total amount of $ 450 million in 2015, reports the Tunisian news […]
Algeria: Alstom inaugurates a trams plant
The CITAL joint venture of Alstom, Entreprise du métro d’Alger and Ferrovial officially inaugurated its tram assembly and maintenance plant in Annaba on May 12th. […]
Kenya: Centum Investment to mobilize $ 500 million for the mega Lamu Coal 1000MW project
Nabo Capital, a subsidiary of the investment firm Kenyan Centum Investment, wants to mobilize $ 500 million, including a contribution from any pension funds based […]
21 African companies make world’s top 2,000 list
Africa has only 21 companies in the ranking of the 2015 largest global companies published by Forbes magazine. These companies included in the “Forbes Global […]