Kenya: IFC rescues ARM cement manufacturer

In financial difficulty, Kenyan cementist ARM Cement has just won a decisive round in its fight for survival: the International Finance Corporation (IFC) will...

Togo: the State delays the privatization of the UTB and accelerates that of the...

Announced in recent months by the government, the privatization process of the Togolese Banking Union (UTB) and the Togolese Bank of Commerce and Industry...

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...

Ivory Coast: NSIA Banque meets financial market players

NSIA Banque Ivory Coast has invited the main Management and Intermediation Companies (SGI), the Management Companies of UCITS (SGO), the insurance companies as well...

Ghana: Central Bank Reports $ 347 Million Loss in 2017

The Central Bank of Ghana (BoG) recorded a loss of just over 347 million dollars (1.64 billion GH ¢) in 2017, according to its...

Revival of the economy kick-off in Fez of the Banque Populaire’s “Regional Investment” roadshow

Banque Populaire launched on Wednesday May 19, 2021 in Fez "Les Régionales de l'Investissement", the first step in a series of 10 unprecedented regional...

UBA Côte d’Ivoire: net income up 32.22% in 2020

The Ivory Coast subsidiary of the Pan-African Bank UBA achieved, for the year 2020, a net profit of 12.115 billion F CFA (nearly 22...

Prof. Benedict Oramah Re-appointed as Afreximbank President

Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second...

Rating: Bloomfield confirms BOA Burkina Faso’s “A” rating

Bloomfield Investment Corporation has confirmed the long-term rating "A with a positive outlook" previously awarded to Bank Of Africa (BOA) Burkina Faso, a subsidiary...

Insurance: Axa Maroc and Daamane Assurance Mauritanie withdraw from FANAF

If 8 companies have applied for membership of the Federation of African National Insurance Companies -FANAF (including East Africa Global Non-Life Insurance Company of...

Afriland First Bank opts for the banking software publisher Temenos

Afriland First Bank has selected Temenos, the bank software publisher, as part of the renovation of its IT infrastructure. The bank intends to take...

Three financial institutions launch cash pickup in Senegal

WorldRemit, Global Money Transfer and the Regional Market Bank (BRM) have just put the "cash pickup" on the Senegalese market. This is a money...

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...

A new Rothschild at the head of the Rothschild bank

Alexandre Rothschild, 37, is expected to succeed his father, David Rothschild, on May 17 at Rothschild & Co.'s general meeting. Until then, executive chairman...
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