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Finance

Ghana to receive over € 160 Mln from EU

June 17, 2015 Steven Addamah 0

The European Union (EU) announced earlier this week its decision to resume budget support disbursements to Ghana and Ghanaian Deputy Finance Minister Ato Forson Cassiel […]

Mali: Abu Dhabi Development Fund to finance a hybrid solar energy project

June 15, 2015 Steven Addamah 0

The Abu Dhabi Fund for Development (ADFD) signed a $ 9 million loan agreement with the Malian Government to finance the construction of a hybrid […]

Nigeria: Sanusi to head Blackstone Africa energy fund

June 12, 2015 Khalid Al Mouahidi 0

Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of  Lamido Sanusi, Emir of Kano and Former Governor of the […]

CIB banking group bought Citigroup’s retail banking business in Egypt

June 11, 2015 Khalid Al Mouahidi 0

The Egyptian Commercial International Bank (CIB) announced in a statement the acquisition of the retail banking business of the American Citigroup in Egypt. The first […]

Cameroon: Nexttel lands 2 million subscribers in 8 months

June 9, 2015 Geraldine Boechat 0

The Viettel telecom company, Nexttel has recorded two million subscribers in first eight months of activities with its 3G license, Cameroon’s third mobile provider said […]

China Development Bank lends $ 2 billion to Transnet group

June 8, 2015 Geraldine Boechat 0

The South African logistics group Transnet announced it had obtained a loan of 30 billion rand ($ 2 billion) from the China Development Bank to […]

Nigeria’s anti-graft agency arrests over 20 bankers for fraud

June 2, 2015 Khalid Al Mouahidi 0

Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]

Kenya: Foreign investors haul $51Mln out of Nairobi Securities Exchange

June 2, 2015 Khalid Al Mouahidi 0

The Nairobi Securities Exchange has lost 6.75% of its value during the month of May 2015. According to official sources, foreign investors took out Sh1.5 […]

Afreximbank opens its Abidjan branch to boost regional integration

June 1, 2015 Khalid Al Mouahidi 0

The African Export-Import Bank, Afreximbank, officially opened this week-end an office in Abidjan, its third branch in the continent after Harare (Zimbabwe) in 1997 and […]

Tanzania earmarks $ 2 billion for roads construction in Dar Es-Salaam

May 29, 2015 Steven Addamah 0

The Tanzania government is planning to invest 4.394 trillion shillings ($ 2 billion) to build new road infrastructure and launch a rapid transit bus to […]

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