Morocco: slight rise in interbank transfers in 2017

In Morocco, interbank transfers recorded a slight increase of nearly 2%, from 94,012 orders in 2016 to 95,860 in 2017, according to the latest...

DRC: Banks still have a week to raise their capital to at least $...

Announced since September 2016, the measure of the Central Bank of Congo (BCC) which triples the minimum capital of banks takes effect on January...

« Afreximbank Says New Programme will help Banks Improve Business Performance »

African banks can improve their business performance by keying into the Afreximbank Trade Facilitation Programme (AFTRAF), which was recently introduced by the African Export-Import...

Togo: Director General of the Treasury sacked amid weak market subscriptions

The Director General of Treasury and Public Accounting, Mashoud Yerima Amadou, was dismissed from office on January 10 2018, and replaced by Ekpao Adjabo,...

Focus on the potential of risk capital in Africa

The 15th Annual African Private Equity and Venture Capital Association (AVCA) Conference kicked off today with speakers, panellists and renowned investors. The conference welcomes...

Tunisia: judicial sale of more than one million UADH shares

By Cédric T. The Tunisian Stock Exchange (SBT) has announced the sale on the market of 1,340,000 shares of Universal Auto Distributors Holding (UADH), during...

Kenyan insurance companies bite their noses

Insurance companies in Kenya saw their profits plummet to less than 61.5% in 2018 to reach $ 33 million, marking their worst year of...

Afreximbank’s Africa Trade Report 2018 finds AfCFTA beneficial to African trade and cross-border investment

African economies will grow by 4.1 percent in 2018, according to the 2018 Africa Trade Report: Stimulating Intra-African Trade: Implications of the African Continental...

Nigeria: FBNInsurance honored by World Finance

The Nigerian insurance company FBNInsurance has just been awarded again the prize of best life insurance company in Nigeria by the World Finance Global...

Enko Education raises 1.4 million dollars in pre-Series B in record time

African international schools network Enko Education just announced the closing of a 1.4 million dollars funding round from a pool of private and institutional...

Ivorian State bonds subscribed at 157% on the regional market

Ivory Coast lifted Monday, a total of 47.27 billion FCFA in the regional market of the West African Economic and Monetary Union (UEMOA) and...

South Africa: Agri-Life Fund acquires 36.5% stake in Jumbo Brands

Agri-Vie Fund II has acquired a 36.5% stake in Jumbo Brands, an agribusiness firm in South Africa. Indeed, the investment fund is supported in this...

Egypt: Government announces plan to reduce public debt

In a statement released on Monday, Egyptian Finance Minister Mohamed Moeit outlined his department's strategy to reduce the debt-to-GDP ratio to 93 percent in...

UBA authorized to carry on banking activities in the United Kingdom

Pan-African bank United Bank for Africa (UBA Plc) announced on Tuesday (March 27th) that its London subsidiary has obtained regulatory approval to operate in...
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