Sanlam Kenya becomes profitable in the first half of 2019

Sanlam Kenya posted net profit of 639.7 million shillings (about 6.2 million USD) for the first half of 2019, after a loss of 1.5...

11% increase in Salim Insurance sales in the first half of 2019

Salim Insurance announced a turnover of 65.223 million Tunisian dinars (nearly 23 million USD) at June 30, 2019, up 11% year-on-year. According to the company's...

Waica Re becomes a group and plans to restructure its capital

Reinsurer Waica Re (Sierra Leone-based West African Insurance Companies Association) announced at a general meeting that it has established a group structure in view...

Kenya: Prime Bank’s net profit boosted by bonds

Prime Bank, Bank of Kenya reported net profit of 1.25 billion shillings (approximately $ 12.5 million) in the first half of 2019, up 32...

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...

UEMOA: 4.3% increase in industrial production in 2018

Industrial production in the West African Economic and Monetary Union (UEMOA) rose by 4.3% at the end of 2018, according to data from the...

Banks: Management indicators deterioration of BOA Côte d’Ivoire in the first quarter of 2019

The management indicators of Bank Of Africa (BOA) Côte d'Ivoire, a subsidiary of the banking group of the same name, deteriorated at the end...

Bank of Tunisia’s NBI increases in the first half of 2019

The Bank of Tunisia (BT) recorded, according to the interim financial statements as of June 30, 2019, a net banking income of 180 million...

Zenith Bank announces green indicators in the first half of 2019

Zenith Bank Plc recorded an increase in its key financial indicators for the first half of 2019 ended June 30th. According to the financial statements...

Kenya: Exempt Share Tax on NIC / CBA Merger

Kenya's Ministry of Finance has cleared the National Industrial Credit Bank (NIC) and the Commercial Bank of Africa Limited (CBA) for the transfer of...

Tunisia: Assurances Salim shareholders approve change of identity

The shareholders of Assurances Salim approved, at an extraordinary general meeting held on August 8, 2019, the proposed change of name proposed by the...

Tunisian-Kuwaiti Bank raises nearly $ 2.5 million in bond market

The Tunisian-Kuwaiti Bank (BTK) raised 7 million dinars (about 2.45 million USD) in the market via a non-public bond bond issued between 11 April...

Moody’s applauds deal between ICBC China and Standard bank in Argentina

On August 8, the South African group Standard Bank Limited (SBG, Ba1 Stable) announced that it would exercise a put option to sell its...

The governance of banks in the face of ghost companies

By Pierre DELVAL. For the past decade, banks in many countries have demonstrated a better understanding of key aspects of corporate governance: effective board oversight,...
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