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Cedric Tossa

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QNB and South Sudan discuss oilfield production

South Sudan Oil Minister Ezekiel Lol Gatkuoth Visited Abdallah Mubarak Al-Khalifa, Acting CEO of the Qatar National Bank (QNB) in Doha, to discuss the...

Kenya: Equity Bank reported pre-tax profit of 28.5 billion shillings

Equity Bank, a Kenyan banking group, announced Tuesday, March 26, a pre-tax profit of 28.5 billion shillings, the equivalent of 282.74 million USD in...

Declining investment by private equity firms in one year

In a report released on March 16, 2019, the African Venture Capital and Venture Capital Association (AVCA) reports that private equity firms in Africa...

Cotonou prepares its first bond issue on the international market

Benin is preparing for the launch of a bond issue on the international debt market. The operation will be, for the country, the first...

Mozambique: Heineken inaugurates its first brewery costing USD 100 million

It is an investment estimated at 100 million USD that the Dutch group Heineken announced to have realized to have its first brewery in...

India provides $ 333 million loan to Zimbabwe for thermal power...

In Zimbabwe, the Hwange Thermal Power Plant was funded by India for USD 333 million. This line of credit will be used to increase...

Absa Bank announces an increase in its results

Absa Bank, the 3rd largest banking group on the African continent, announced that it had made a profit of R16.13 billion for the year...

Angola: State privatizes 7 companies to raise 80 million USD

To raise 80 million USD and finance its development projects, the Angolan government has ceded to private, seven public companies in the industrial area...

Morocco: Immorente Invest announces new acquisitions in 2019

Immorente Invest, a Moroccan firm specializing in the management of real estate assets for rental, plans acquisitions ranging from 150 to 200 million dirhams...

South Africa: $ 9.6 million to strengthen the capital of fintech...

The South African firm InvestSure will benefit from an investment of 9.6 million rand mobilized by 4Di Capital of Lireas Holdings and Compass Insure,...

Infrastructure fund managed by Investec Asset Management injects $27 million into...

The Emerging Africa Infrastructure Fund (EAIF) provided a USD 27 million loan to Kikagati Power Company, a Ugandan company specializing in the energy sector....

South Africa: $ 3.6 million Spartan SME Finance for African SMEs

Small businesses set up by Africans will receive 50 million rand, or about 3.6 million USD from Spartan SME Finance, a South African firm. These...

Morocco: Innov Invest has financed 68 startups between 2017 and 2019...

A total of 68 Moroccan startups benefited from the financing of the Innov Invest fund for a value of 46.3 million dirhams, or approximately...

Egypt: National Bank to inject $ 10 billion into infrastructure projects...

National Bank of Egypt Vice President Yehia Abul Fotouh announced last week that the bank plans to finance infrastructure projects worth 180 billion Egyptian...
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