Browsing: Finance

Commercial International Bank’s consolidated net profit for the full year 2021 was approximately EGP 13.3 billion (approximately USD 845 million),…...

Kenyan startup MarketForce, a B2B platform for the retail distribution of consumer goods and digital financial services, announced Tuesday (February…...

The American bank Citigroup will launch its commercial banking services in South Africa, Nigeria, Kenya and Egypt due to the…...

The updated data confirms that the Rwandan economy has maintained a recovery trajectory towards achieving the projected annual growth of…...

EFG Hermes, the largest investment bank in Egypt, announced on Monday February 21 that it had received the approval of…...

The gross domestic product (GDP) of Nigeria, the largest economy on the African continent, grew by 3.98% year-on-year in real…...

The turnover of the Société Générale Industrielle de Filtration (GIF FILTER) SA, specializing in the manufacture and marketing of fuel…...

The central bank of Rwanda announced on February 17, 2022 that it had raised its key rate by 50 basis…...

The South African bank Standard Bank Group Limited plans to buy additional shares in its Kenyan subsidiary Stanbic Holdings, through…...

The Egyptian economy recorded a growth of 9% in the first half of the financial year 2021/22, after achievements of…...

Nigeria’s Bank of Industry (BOI) has issued a €700 million Eurobond to fund business growth in Nigeria. The five-year euro-denominated…...

Nigeria’s inflation rate declined to 15.60% in January 2022, from a peak of 15.63% in December 2021, according to the…...

After modest GDP growth of 1.5% in 2020, growth is expected to accelerate to 3.8% in 2021 thanks to increased…...

Suspicious death, on the run and in custody. Here is the big Guinean thriller that keeps the Pandoras of Scotland…...

CDC Group, the UK’s development finance institution, announced on February 14, 2022 its base commitment of USD 30 million as…...

Bank Al-Maghrib, the Moroccan central bank, announced on February 10, 2022 in Rabat, a partnership agreement withCDG Invest, Investment Branch…...

The Directorate General of Taxes (DGI) of the Democratic Republic of Congo (DRC) achieved approximately 2.4 billion dollars in revenue…...

Veritas Kapital Assurance Plc, one of Nigeria’s leading insurance companies, has announced the appointment of Paul Oki as an independent…

The lending interest rates applied by the banks of the West African Economic and Monetary Union (UEMOA) to their customers…...

The company SAAR Assurances Senegal, a subsidiary of the eponymous pan-African group, has a new general manager in the person…

LOLC Holdings Plc, a Sri Lankan holding company, will acquire nearly 73.2% of the shares of Key Microfinance Bank Plc,…...

Benin’s Council of Ministers approved, on February 2, 2022, new so-called short-term measures intended to combat inflation in the country.…...

The European Bank for Reconstruction and Development (EBRD) granted a loan of 20 million euros to Societe Generale Morocco through…...

The Bank of Algeria announced, through a note published on February 3, 2022 on its website, that commercial banks can…...

The Fund for the Development of Exports in Africa (Feda), a subsidiary of Afreximbank, wants to encourage industries to reduce…...

The Casablanca Stock Exchange closed in the green on Thursday, the MASI having slightly increased by 0.06% to 13,913.39 points…...

The CEO of the largest pan-African banking group, Ade Ayeyemi, can show a smile. [1 dollar USD = 580.5 CFA…...

The Ivorian Banking Company (SIB) opened its third “Business Center”, a self-service space dedicated to businesses on February 1, 2022…...

The inflation rate fell from 4.9% in November to 6% in December 2021 in the countries of the West African…...

The Bank of Central African States (BEAC) with the assistance of the World Bank (WB) is looking for consultants for…...