DRC: USD 10.406 billion in turnover for the banking sector

The turnover of the banking sector in the Democratic Republic of the Congo was 10 billion 406.5 million USD in 2020 against 8 billion...

Togo: towards the establishment of a digital bank

The government of Togo aims to set up a digital bank to offer digital financial services. This, within the framework of its financial inclusion...

Treasury bills: Ivory Coast raises 33 billion FCFA on the financial market of UMOA

The State of Côte d'Ivoire, through its General Directorate of the Treasury and Public Accounts, raised on January 19, 2021 an amount of 33...

The Banque Populaire Foundation equips students in disadvantaged neighborhoods of Casablanca with digital tablets

The Banque Populaire Foundation took part, on January 18, 2021 in partnership with the Regional Academy of Education and Training (AREF) of Casablanca-Settat, in...

CDC and TDB sign a USD 100 million short-term finance facility

CDC Group, the UK’s development finance institution and impact investor, has announced a USD 100 million debt commitment to the Eastern and Southern African...

BLOM Bank sells all of its stake in its Egyptian subsidiary to ABC

Lebanese bank BLOM Bank announced on Sunday (January 17th) that it had sold its 99.4% stake in its Egyptian subsidiary BLOM BANK Egypt to...

Benin completes Africa’s first international bond transaction of the year

Benin completes Africa's first international bond transaction of the year, with the issuance of one billion euros in two tranches with final maturities of...

Côte d’Ivoire : Balance of payments surplus of CFAF 477.7 billion in 2019

After a positive overall balance of CFAF 284.6 billion (€ 426.900 million) in 2018, Côte d'Ivoire's balance of external payments ended in 2019 with...

FCI and Afreximbank appoint Nassourou Aminou as Regional Manager for Africa

Amsterdam, 4 January 2021.  FCI along with Afreximbank announce the appointment of Mr. Nassourou Aminou as the new Regional Manager for Africa. The recruitment...

WARA affirms Coris Bank International’s long-term rating to « BBB + »

The credit rating agency, Wara, affirms Coris Bank International (CBI) 's investment category rating with "BBB +" in the long term and "w-3" in...

Ecobank Group offers an e-commerce solution to African SMEs

The leading pan-African banking group, Ecobank, on December 22 launched an e-commerce solution for African micro, small and medium enterprises (MSMEs). This initiative is part...

Kenya: Equity Bank’s total balance sheet crosses 1,000 billion shillings mark

After the acquisition of the Commercial Bank of Congo (BCDC), the banking group Equity Bank saw its total balance sheet approaching 1,000 billion shillings...

South African banks are on the rise according to Fitch

After seeing their rating plummet to “BB-”, impacted by South Africa's “BB” sovereign rating from “BB-” in November, five South African banks have just...

UEMOA: 0.5 percentage point increase in inflation rate in October

The inflation rate of the West African Economic and Monetary Union (UEMOA) countries increased by 0.5 percentage point, year-on-year, at the end of October...
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