The new projections for the world economy, which is currently going through a difficult time, raise fears that the profitability of commercial banks...
Vice-president of the African Securities Exchanges Association (ASEA) since November 2018, Dr Edoh Kossi AMENOUNVE becomes the new President of the...
Kenyan fruits and vegetable delivery platform Twiga Foods has secured a loan of $5 million from the US International Development Finance Corporation...
Between 2014 and 2019, West Africa recorded $10.2 billion in private equity transactions, ahead of all other African regions. Overall, the continent...
The Foschini Group (TFG), a company listed on the Johannesburg Stock Exchange and specializing in the retail sale of fashion goods (clothing, jewelry,...
Morocco's commercial banks are exposed to the risks that will come with the coronavirus pandemic, according to an analysis by Fitch Ratings. These risks...
Mohamed Okasha (pictured), co-founder and Managing Director of Egyptian e-payment company Fawry announced he is stepping down from his position on April...
On March 27, the shares of Servair Abidjan, a company listed on the WAEMU’s stock market (BRVM), increased by 5.8%; putting an end to the continuous...
Private equity firms present or operating in Africa face the risk of a slowdown due to the current coronavirus pandemic. Many companies that partner with...
The banking group United Bank for Africa (UBA), founded by Nigerian billionaire and philanthropist Tony Onyemaechi Elumelu (pictured), announced it is...
Ecobank Transactional Incorporated (ETI) has recorded a loss of 17.2% on the Nigerian Stock Exchange since its 2019 performance results came out. On March...
Due to the still ongoing coronavirus crisis which started in China last December, the country’s economy is forecasted to drop by 2.8% this year, according...
Morocco’s national steel manufacturing company (Sonasid) ended 2019 with a net income of MAD8 million, down 84% compared with the MAD49.7 million in...
The Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) has granted its green light for the acquisition of a 66.53% stake...
The federal government of Nigeria plans to privatize 19 state-controlled companies this year, according to information provided by S&P Capital IQ, which...
Investment fund AfricInvest Financial Inclusion Vehicle (FIVE), launched in 2017 and managed by private equity firm AfricInvest, has acquired a minority...
In a report issued March 18, US rating agency Standard & Poor’s indicated that the existing social and macroeconomic weaknesses in Africa will be...
Analysts at the rating agency Moody’s expect the current covid-19 pandemic to have uneven impacts depending on sectors. Casinos, accommodations,...
The Board of Crédit du Maroc has proposed that the bank’s shareholders receive a dividend of MAD18.7 per share for the financial year 2019. If this...
Moroccan Capital Market Authority (AMMC), the stock market regulator, has issued a communiqué capping the maximum variation thresholds for the value of...
WeLight has reached the benchmark of 1,000 households having access to electricity across 18 villages thanks to ongoing projects by the company. Their...
RMB Corvest and Iron Bridge Capital, two private equity firms operating in South Africa, have invested an undisclosed amount in the capital of fast-food...
Breadfast, an Egyptian company that delivers fresh breakfast products, has raised funds from a consortium of investors to finance its expansion over the...
The Making Finance Work for Africa Partnership (MFW4A) invites researchers and students enrolled in an academic institution to submit an essay on the...
Cauris Management, a private equity fund manager based in Côte d'Ivoire, received an additional €12 million for Yeelen Financial Fund, its investment...
Engineers Without Borders Canada (EWB Canada) has raised $24 million from its partners to invest in social and for-profit enterprises in Africa....
Nigeria-based health care startup Field Intelligence has raised $3.6 million to develop its drug distribution platform, Shelf Life, in Nigeria and...
The Nigerian multimillionaire and businessman Jim Ovia (pictured) will receive in the coming days, a pre-tax income of about N12.64 billion...
Kenya’s banking group, Co-operative Bank, the fourth-largest bank in the country by market share, has made an offer for an undisclosed amount to acquire...
Youverify, a Nigerian startup that eases the verification of the identity, background, learning process and the full address of employees for private and...
Saham Assurance Maroc, largely controlled by South African Sanlam, ended the year 2019 with a net profit of MAD405.7 million, up 0.96% compared to the...
The Senegalese microfinance institution UM-ACEP (Union des Mutuelles Alliance de Crédit et d'Epargne pour la Production) is negotiating a five-year senior...
The Board of Directors of WeLight is pleased to announce the appointment of Romain de Villeneuve as Chief Executive Officer of the Company, with immediate...
Newtown Partners, a South African venture capital firm that targets early-stage companies, and Imperial, a logistics company listed on the Johannesburg...
South African Edtech startup Snapplify announced March 4 it has acquired the digital publishing company Onnie Media for an undisclosed amount. According...

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

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