Browsing: Finance

Nigerian telecommunications company 9mobile announced on Sunday (August 25th) a $ 230 million loan from Africa Finance Corporation, a multilateral…

Sanlam Kenya posted net profit of 639.7 million shillings (about 6.2 million USD) for the first half of 2019, after…

Egypt’s Housing and Development Bank (HDB) reports net profit after taxes of 1.072 billion Egyptian pounds ($ 64.7 million) in…

Salim Insurance announced a turnover of 65.223 million Tunisian dinars (nearly 23 million USD) at June 30, 2019, up 11%…

MCB Group Ltd, owner of the second largest bank in Mauritius, now has a representative office of its wholly-owned Mauritius…

Reinsurer Waica Re (Sierra Leone-based West African Insurance Companies Association) announced at a general meeting that it has established a…

Prime Bank, Bank of Kenya reported net profit of 1.25 billion shillings (approximately $ 12.5 million) in the first half…

BMCE Bank Of Africa has succeeded the first phase of its capital increase operation, made necessary following the implementation of…

According to the financial statements released on 9 August by the five institutions of the World Bank Group, total commitments…

Following the resounding arrest of Nigeria’s business icon Obinwanne Okeke, federal prosecutors at the United States Department of Justice said…

Industrial production in the West African Economic and Monetary Union (UEMOA) rose by 4.3% at the end of 2018, according…

The management indicators of Bank Of Africa (BOA) Côte d’Ivoire, a subsidiary of the banking group of the same name,…

Investors in the financial market of the West African Monetary Union (WAMU) have shown a real craze for good equivalent…

The Bank of Tunisia (BT) recorded, according to the interim financial statements as of June 30, 2019, a net banking…

Zenith Bank Plc recorded an increase in its key financial indicators for the first half of 2019 ended June 30th.…

Coris Bank International posted in the first quarter of 2019 a good performance on its management and financial indicators compared…

Oragroup announces a € 20 million loan from AFRICA AGRICULTURE AND TRADE INVESTMENT FUND (AATIF), an investment company specializing in…

Kenya’s Ministry of Finance has cleared the National Industrial Credit Bank (NIC) and the Commercial Bank of Africa Limited (CBA)…

The shareholders of Assurances Salim approved, at an extraordinary general meeting held on August 8, 2019, the proposed change of…

The Tunisian-Kuwaiti Bank (BTK) raised 7 million dinars (about 2.45 million USD) in the market via a non-public bond bond…

On August 8, the South African group Standard Bank Limited (SBG, Ba1 Stable) announced that it would exercise a put…

By Pierre DELVAL. For the past decade, banks in many countries have demonstrated a better understanding of key aspects of…

The largest bank in Nigeria by assets wants to deploy in East Africa. Guaranty Trust Bank, present in 10 countries…

The monetary issuing institution in Central Africa is seeking a consultant to develop a legal and regulatory framework for the…

China National Offshore Oil Corp. (CNOOC), has acquired 55, 55% stake in Australian group FAR Limited in the oil licenses…

Insurance companies in the Interafrican Insurance Market Area (CIMA) are more than determined to support African SMEs / SMIs in…

The General Directorate of Treasury and Public Accounts of Burkina Faso raised on August 6, 2019 on the financial market…

The African Development Bank Group on Monday signed a $4.8 million institutional support grant to the African Union (AU) for implementation…

The African Development Bank, the Association for the Development of Education in Africa and the African Union are recommending the…

A high-level meeting on the launch of the awareness campaign and popularization of the new exchange regulations was held on…