Senegal : Société Générale recorded losses of FCFA 36.4Bln
The Senegalese subsidiary of the French banking group “Société Générale” has recorded losses of 36.4 billion FCFA (about 55 million euros) in 2014, said the […]
Month: May 2015
Nigeria: Samsung Electronics, Diamond Bank and Softcom Ltd. raise $100 mln technology intervention fund
Samsung Electronics, Diamond Bank and Softcom Limited have strategic partnership to raise $100 million technology intervention fund, to drive education in Nigeria. The three firms […]
Tanzania earmarks $ 2 billion for roads construction in Dar Es-Salaam
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 […]
Egypt: 20 companies listed on EGX since May 2014
The Egyptian Stock Exchange is preparing to welcome, for the second time, an investment conference on financial markets, reports Egypt “Daily News” citing a press […]
Algeria: Avril to launch € 20 M animal nutritional unit
The leading player in the French vegetable oil and protein industry, Avril group, will open next June a unit of animal nutrition in Algeria in […]
Nigeria Energy Crisis: Only 5 of 23 Power Plants are Functional
Nigeria’s energy crisis deteriorated Monday, as the Nigerian Electricity Regulatory Commission (NERC), the government agency responsible for regulating operations in the electricity sector, reported that […]
Algeria’s energy efficiency program will generate $42 Billion profit
Algeria’s energy efficiency development program will help the country make a $ 42 billion profit by 2030. A statement released by the latest Council of […]
Ghana: the government expects 8 to 9% growth by 2017
Ghana’s economic growth is expected to rise 3.9% this year to about 8 to 9% in 2017, announced the Ghanaian Finance Minister Seth Terkper, early […]
Equity Bank to open office in DR Congo
Leading kenyan commercial bank, Equity Bank plans to expand to Congo. The Bank’s banking group has announced that it would soon open office in DR […]
IFC and Ecobank to supports SMEs in Africa
IFC, a member of the World Bank Group, and Ecobank Transnational Incorporated, parent company of the Ecobank Group and a leading pan-African full-service banking group, […]