An annual net profit of 19.5 billion FCFA for NSIA Banque Ivory Coast

NSIA Banque Côte d'Ivoire achieved an annual net profit of 19.540 billion CFA francs, or 29.79 million euros, at the end of the 2017...

Morocco: Proparco strengthens its partnerships with BCP and Al Amana Microfinance

Proparco, the subsidiary of the French Development Agency (AFD), signed Thursday, June 28 in Casablanca, two agreements with the Central Bank Group (BCP) and...

Insurance-CIMA: the solution CISCO Consulting to face the minimum capital

At the market forum organized by the Federation of African National Insurance Companies (FANAF), on 8 and 9 November 2018 in Cotonou, the CIMA...

Nigeria insurance: a sad performance in 2017

Nigeria's insurance sector recorded a gross premium of 235 billion naira between January and September 2017 according to the National Insurance Commission of Nigeria...

Exclusive: the great unpacking of Magloire Dochamou, the former director general of Saham Assurances...

Terminated in February 2018 at the head of Saham Assurances Togo following an inspection mission sent by the group in Lomé, Magloire Dochamou broke...

Afreximbank Appoints Humphrey Nwugo Head of Southern Africa Regional Office

The African Export-Import Bank (Afreximbank) has appointed Humphrey Nwugo as Regional Chief Operating Officer for its Harare-based Southern Africa Regional Office. Mr. Nwugo had been...

Cameroon: the cabinet for the liquidation of five banks still expected

Four months after the call for tender launched by the Cameroon Debt Collection Company (CBC), it is still awaiting the designation of a "qualified"...

Morocco: AfDB Approves € 100 Million Line of Credit for BCP

The Central People's Bank of Morocco (BCP) received this Wednesday, June 27, the approval of the Board of Directors of the African Development Bank...

Benin: BOAD releases 20 billion CFA francs for social housing

The Board of Directors of the West African Development Bank (BOAD) intends to release an envelope of 20 billion CFA francs for the construction...

Ecobank loses bank authorization in Angola

The Angolan central bank canceled last week the authorization granted to the pan-African financial group Ecobank Transnational Inc. to create Ecobank Angola after its...

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...

BEAC announces new rate hike

The Bank of Central African States (Beac) announced, at the end of the third monetary policy committee on 31 October, that the interest rate...

AfDB excludes Robert Ngong for corruption

Robert Akika Ngong was banned by the African Development Bank (AfDB) for a minimum of three years following an investigation by his Office of...

Banks listed on the BRVM run at double-digit rates …

By Daniel Aggre, Sika Advisory. In a context of difficult exploitation with the entry into force of the Baloise provisions and the liquidation of the...
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