CEMAC: gross reserves of the banking system up by 8.2%

The gross reserves of the CEMAC banking system (made up of free reserves and mandatory reserves) increased from 2,431.7 billion CFA francs (approximately 4.42...

Afreximbank Included in SEM-10 Index in Mauritius

The Stock Exchange of Mauritius (SEM) has announced the inclusion of the African Export-Import Bank (Afreximbank) in the SEM-10 index. An announcement posted on the SEM website...

South Africa: David Pfaff, new boss of TymeBank

The digital bank TymeBank announced, Monday, March 15, to have appointed David Pfaff to the positions of CEO and CFO of the group. The...

Morocco: slight rise in interbank transfers in 2017

In Morocco, interbank transfers recorded a slight increase of nearly 2%, from 94,012 orders in 2016 to 95,860 in 2017, according to the latest...

Orange obtains new loan agreement from 8 Egyptian banks

Orange Egypt, a subsidiary of the French telecom giant eponymous, has reached an agreement with a consortium of eight major Egyptian banks. An agreement...

Coris Bank shows good management performance

Coris Bank International posted in the first quarter of 2019 a good performance on its management and financial indicators compared to the same period...

Oragroup: net income grew 314% in the first quarter

Following the closing of the accounts for the 2020 financial year of the pan-African banking group Oragroup during its Board of Directors, Oragroup is...

Morocco: Attijariwafa bank wins new certification

The Moroccan group Attijariwafa bank has obtained Cerway's "Excellent Quality Environmental" (HQE) certification, for the construction of its regional headquarters in Rabat. According to a...

Rwanda: Central Bank maintains rate at 5.5% and raises growth forecast

It is on a rate of 5.5% that financial institutions in Rwanda will continue to lend in the third quarter of 2018, according to...

IIA: “The use of the credit insurance-bond product by African SMEs / SMIs will...

Insurance companies in the Interafrican Insurance Market Area (CIMA) are more than determined to support African SMEs / SMIs in the face of insolvency...

With $100 Million Afreximbank Commitment, Fund for Export Development in Africa (FEDA) Positions to...

The operationalization of the newly-created Fund for Export Development in Africa (FEDA) moved into high gear today with the holding of the pre-incorporation meeting of the...

Attijariwafa bank named “Africa’s safest bank”

Attijariwafa bank is on the roof of Africa and Morocco for the second consecutive year in terms of security. Indeed, the American magazine "Global...

BMCE Bank Of Africa reaches the first level of its capital increase

BMCE Bank Of Africa has succeeded the first phase of its capital increase operation, made necessary following the implementation of the "capitalivore" IFRS 9...

Insurance: ACAM Vie launches its digital platform

Press release ACAM Life of June 19, 2018. Founded in 2015, at a time when the digitization of the activities of financial organizations was...
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