Gabon: ADB releases $ 130 billion for water distribution

The AfDB, the African Development Bank, plans to approve, in July 2018, the release of an amount of 130 billion CFA francs to strengthen...

Zimbabwe: launch of a microfinance bank for women

Zimbabwe inaugurated, on Monday, 25 June, the first bank of the Southern African Development Community (SADC) to finance small-scale women's projects, the so-called Zimbabwe...

Donald Kaberuka and Lionel Zinsou in Abidjan for the launch of SouthBridge Group

Dr Donald Kaberuka and Lionel Zinsou, co-chairmen and co-founders of Southbridge Group, will proceed on Monday, April 8, to launch the activities of the...

Mauritius: The Mascarene Bank becomes BCP Bank

Subsidiary of the Moroccan banking group Banque Centrale Populaire (BCP) since October 2018, the Mascarene Bank has unveiled, this Thursday, March 28, 2019, its...

Côte d’Ivoire: BICICI net income down 23% to 9.3 billion FCFA

BICICI (International Bank for Commerce and Industry of Côte d'Ivoire), a subsidiary of BNP Paribas, recorded a decline in its net profit of 2.76...

Ghana: BoG Denies Interference in Selecting Banks for Special Rescue Program

By Cédric T. The Bank of Ghana (BoG) rejected accusations that it played a direct role in the selection of the five banks for recapitalization...

Focus: BEAC’s new monetary policy framework

In a quest for more effective monetary policy, BEAC undertook monetary reforms in the early 1990s. These measures led, among other things, to the...

Change of « head » at Société Générale Maroc

Ahmed El Yacoubi has been appointed Chief Executive Officer of Société Générale Maroc. He replaces Jérôme Jacquier and becomes a member of the Executive...

Afreximbank Targets Railway Development in MoU with Russian Railways and Russian Export Center

The African Export-Import Bank (Afreximbank) yesterday in Moscow signed a memorandum of understanding (MoU) with Russian Railways and the Russian Export Center (REC), agreeing to cooperate...

Kenya: Stanbic doubles its half-yearly profit

Stanbic Bank, the Kenyan subsidiary of the South African group Standard Bank, reported Friday a half-year profit after tax more than doubled compared to...

In Cameroon, Ecobank buckles 2017 on a decline of result

Ecobank Cameroon announced on Wednesday, having achieved for 2017, a net profit of 6 billion CFA francs, a decrease of 1.5 billion compared to...

Banks in the Maghreb zone in Conclave in Tunis

On the menu of this summit of the Union of Maghreb Banks (UBM) scheduled for 7 and 8 November in Tunis, topics on the...

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...

Sub-Saharan Africa attracts reinsurers

Reinsurers in sub-Saharan Africa continue to face challenging economic conditions, with competitive pressures on insurance activity exacerbated by economic and political concerns, according to...