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 […]
Month: May 2015
Kenya: Diamond Trust Bank to open branches in Madagascar and DRC
Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by assets is planning to use part […]
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 […]
Pakistani General Accused of Tipping off CIA on Bin laden hideout
A former Pakistani general, who passed away last year in UK, has been accused of selling the secret location of Osama Bin Laden to the […]
Morocco: King Mohammed VI visits several African countries
King Mohammed VI will embark on a tour to West and Central Africa as of Wednesday during which he will visit Senegal, Côte d’Ivoire, Gabon […]
Mauritania Finds Gas in its Offshores
International Oil & Gas Exploration Company “Kosmos Energy” has announced a significant gas discovery offshore Mauritania. The gas was encountered during drilling operation in the […]
Morocco: New Step Towards abortion legalization
Morocco is about to lift restrictions on abortion in some specific cases, namely when pregnancy is the result of rape or incest, when pregnancy endangers […]
Ivory Coast: Over 700 Moroccan Blue Helmets Awarded UN Medal
Over 700 Blue Helmets of the 21st Contingent of the Moroccan Royal Armed Forces (MORBATT) stationed in Duékoué in western Côte d’Ivoire, about 484 km […]
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 […]