Luxembourg-based InsuResilience Investment Fund, managed by BlueOchard Finance, is acquiring 39.25% shares in the capital of Nigerian insurer Royal...
Switzerland-based asset manager, ResponsAbility Investments AG, is disbursing $175 million to support about 30,000 small and medium-sized...
The South African unit of car manufacturer Ford announced Wednesday it will hire an additional 1200 employees at one of its local assembly plants,...
Nigerian banking group United Bank for Africa (UBA) has entered into a $125 million financing agreement with Export Trading Group (ETG), which...
Stanbic Bank Zambia, local branch of South Africa’s Standard Bank, secured a credit line worth $15 million from World Bank’s International Finance...
The European Investment Bank wants to support the development of Angola. The bank says it is considering investing €30 million ($33.7 million) in...
Diaverum, a company specializes in the diagnosis and treatment of renal diseases, enters the African market, first implanting in Morocco. Statistics show...
The amount of money transferred via mobile phone during the first quarter this year in Zambia reached $652.1 million, ZMW8.15 billion, the Central...
Some Nigerian investors, shareholders in insurance companies, have submitted a request asking the national insurance regulator to give them additional 3...
Qatari Majda group bought, through its Tunisian arm Majda Tunisia, the 20.9% stake held by the holding company Triki in the capital of the Islamic bank...
The International Finance Corporation (IFC) which manages the Global Agricultural Food and Security Program (GAFSP), an initiative targeting high-impact...
Following meetings with the US Departments of Commerce and Treasury, and Citigroup officials, the DRC Banks’ association (Association des Banques en...
As at July 10, 2019, the market capitalization of companies listed on Africa's 14 major stock exchanges was $1120.78 billion, Ecofin Agency found...
Tunisia issued a €700 million Eurobond on the international debt market at a rate of 6.37%, the finance ministry announced on July 10. The operation...
Edita Food Industries, an Egypt-based agribusiness that operates in the packaged snack food market, says it is seeking $20 million from the...
Morocco’s trade and industry bank (Banque marocaine pour le commerce et l'industrie) BMCI has requested a €60 million ($67.3 million) line of...
Over the first six months of 2019, the largest volume of Mergers and Acquisition deals in sub-Saharan Africa was conducted by Citigroup, Ecofin Agency...
Rwanda’s commercial bank, Bank of Kigali, has chosen Temenos, a Geneva-based company specialized in banking software, to consolidate its digital...
French company Catana Group, which specializes in the design, construction and marketing of pleasure craft, announced it has acquired an additional 20%...
The wave of mergers and acquisitions in sub-Saharan Africa’s banking sector is set to continue over the next two years, rating agency Moody’s observed in...
PayU, the financial technology arm of South Africa’s Naspers, acquired a majority stake in Singapore-headquartered online payment solution provider Red...
Tunisia’s Wifak International Bank, which specializes in Islamic banking operations, closed its first bond issue in accordance with the principles of...
Sunu Insurance Nigeria, subsidiary of Sunu Group, says it will wait until the compliance deadline set by the Nigerian insurance regulator is up, to raise...
State-controlled Banque National Agricole BNA completed its capital increase from TND176 million to TND320 million (about $105 million), a statement...
South Africa’s data center provider Teraco announced it is conducting a project to strengthen business and expand infrastructure in the country. The...
HBG Holding, managed by the Hédi Bouchamaoui family, which operates in agriculture, real estate, distribution and catering, has acquired a stake in the...
The French group Bouygues Immobilier will shut down activities in Morocco, L'Economiste reported on July 2.
The group, which is expected to announce its...
SEAF Morocco Growth Fund (SMGF), an investment fund that targets high growth potential companies in North Africa, announced it has invested in the...
The International Finance Corporation (IFC) announces it is investing $60 million to acquire 10% stake in mining company Sierra Rutile Limited.The...
South Africa: Absa Bank secures $500 mln syndicated loan from Standard Chartered and Bank of America
South Africa’s Absa Bank Limited announced it is getting $500 million syndicated loan from Standard Chartered and Bank of America Merrill Lynch....
The African development Bank -AfDB- announced June 27, 2019, it has approved a credit line worth about TND327 million (€100 million) to Tunisia’s BH...
BMCE Bank of Africa announced June 26 it has received approval from the Moroccan capital market authority AMMC to increase its capital by MAD1.89 billion...
Shelter Afrique, a pan-African housing finance company, announced June 20 it suffered an 18.5% increase in net loss to $9.23 million during the...
In 2017 and 2018, Kenya took the lion’s share of private equity investments in East Africa. This is indicated in a report co-issued June 20 by the audit...
Kenya’s Stanbic Bank announces it is making available to businesswomen a financing worth KSh20 billion ($195.8 million) to empower and support their...
The government of Gabon has chosen Attijari Securities Central Africa (ASCA), subsidiary of Moroccan Attijariwafa Bank, to arrange its public offering on...
Live News
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IMF gives Burkina Faso new $25 mln to fund economic reforms
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Cameroon : Employment policies impact monitoring workshop to be concluded today
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InsurResilience Investment Fund acquires 39.25% stake in Nigeria’s REGIC
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Camair-Co resumes Douala-Bangui and Yaoundé-Bangui flights
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Vodacom SA launches IoT products
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Togo: A B2B platform launched to enable close monitoring of projects selected at the recent Togo-EU economic forum
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Cameroon must refrain “from new non-concessional borrowing and strictly adhere to the disbursement plan” (Mitsuhiro Furusawa)
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Cameroon : Physical counting operation helps save XAF30 bln of salary spendings
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Investment Banking Income in SSA slid 19% in H1 2019
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Togo prepares for a Women Entrepreneurship Forum
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