Oil and Gas Insurance: great victory for the local content strategy in Senegal in...
According to our sources, the president of the Senegal Oil and Gas Risks Insurance Pool, Majdi Yassine, informed the Senegalese insurance and reinsurance market...
President says Afreximbank has Disbursed $15 billion in Support of Intra-African Trade
The African Export-Import Bank (Afreximbank) has already disbursed $15 billion of the $25 billion it committed in support of intra-African trade under its current...
Egypt: $ 52 million increase in foreign exchange reserves at the end of August
The Central Bank of Egypt (CBE) announced on Wednesday (September 4th) a net currency reserve increase of 52.1 million USD at the end of...
Nigeria: Insurance companies comply with NAICOM requirement
As of August 20, many Nigerian insurance companies have complied with the deadline set by the National Insurance Commission (NAICOM) to submit their recapitalization...
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...