FlySafair could soon fall under the management of British fund manager Star Capital. The latter signed an agreement, subjected to required authorizations,...
Nissan announced, on February 13, 2019, the creation of a joint venture with its Algerian partner group Hasnaoui for the launch of a car assembly plant in...
OCP Group and NYSE-listed Cummins Inc’s MENA subsidiary signed a strategic partnership for the construction of a Master Rebuild Center (MRC) for Cummins...
Morocco's Stokvis North Africa kept rising on Casablanca stock exchange despite the announcement of disengagement from an important partner. Its shares...
The automotive equipment supplier Tuyauto Gestamp Morocco received a €7.5 million loan from the European Bank for Reconstruction and Development...
In 2018, the performance of Société Générale slowed down in Africa, Ecofin Agency deduced from the financial report published on February 7, 2019, by the...
Atlas Mara could soon dynamize merger-acquisition activities in the African financial sector with its new strategic repositioning plan. The Dubai-based...
The licenses of two Nairobi Securities Exchange-listed cement producers could be cancelled. Indeed, Athi River Mining and East African Portland Cement are...
American hotel group Marriott International, announced in a statement published on February 8, 2019, that it would launch operations in Liberia, Morocco...
2019 Sunhak Peace Prize Laureate Akinwumi Adesina has pledged to do more to advance Africa’s fight against hunger, poverty and youth underemployment. The...
A third round of two-week masterclasses on entrepreneurship, business development and financial management for women entrepreneurs organized by the...
PSA announced in a statement published on February 7, 2019, the full acquisition of  Travelcar, the largest airport parking and car rental company,...
The Dutch commercial bank ABN AMRO and development financing institution FMO jointly granted a 5-year $15 million loan to SMT Guinea Transhipment...
Beyond Capital Fund, a social impact investment fund, has acquired equities in Tula, the Kenyan start-up that helps farmers save and obtain loans for...
The International Islamic Trade Finance Corporation (ITFC) announced that on February 5, 2019, it granted a $154 million loan to Tunisian Company of...
January 2019 ended with an $84.5 million rise of Malawi Stock Exchange’s market capitalization. From $1.76 billion at end December 2018, it...
Afreximbank announced the launch of its fully-owned Mauritius-based $100 million Fund for Export Development in Africa (FEDA). It is aimed at...
The African private equity environment could be losing one large American investor, credible sources reveal. According to the Wall Street Journal that...
Botswana Building Society which announced, April 2018, that it would apply for a banking licence has not yet initiated the procedures in that regard. The...
Nairobi Stock Exchange-listed stocks recorded a gain of Ksh148.6 billion (about $1.48 billion) in January, according to data published by this...
With a balance sheet of $5.456 billion and net banking product of $351 million, BGFIBank group is the leader of banks in the Central African...
On January 31, 2019, Kenyan bank NIC Bank announced that it would finalize its merger with its compatriot Commercial Bank of Africa (CBA) in Q3,...
Partech Ventures announced, on January 31, 2019, the final close of its venture capital fund dedicated to African tech firms at €125 million ($143.6...
At end December 2018, South Africa’s money supply M3 was ZAR3,540 billion ($263 billion) representing a 5.59% rise on a year to year basis. Apart from...
Barthi Airtel announced that Qatar Investment Authority invested $200 million for new stakes in its African subsidiary Airtel Africa. “We are...
Shoprite Holdings started the trading day of January 30, 2019, with the highest loss it ever recorded on the Johannesburg stock exchange since 1999...
Kalon Venture Partners and an undisclosed international institution invested ZAR10 million each in Flow, a South African tech startup, during a funding...
Tunisia’s commission of financial analysis (commission tunisienne des analyses financières-CTAF) headquartered at the central bank and whose mission is to...
Adenia Partners announced that it has finalised the acquisition of Tumaini Self Service Ltd, a retail chain in Kenya. The operation was finalised on...
The acquisition of South African data centre services provider Teraco Data by Boston-based Berkshire Partners could be one of the most important, in terms...
The quality of international banking services toward African countries has never been impeccable but, for some months now, it seems that the glitches are...
American capital investment Berkshire Partners has bought part of London group Permira Holdings’ shares in Teraco Data Environments, the largest data...
The American fluid system manufacturer TI Automotive plans to build a second plant in Morocco for an investment of €16 million, the Moroccan media Le...
Société tunisienne de Banque (STB) has not been able to meet its target to raise TND50 million (about $17 million) in the bond market. STB Finance,...
The Central Bank of Angola has withdrawn the license of Banco Mais and Banco Postal, two small credit institutions that were unable to meet the new...

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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