In Tunisia, the operating expenses of Union bancaire pour le commerce et l’industrie (UBCI) reached TND43.4 million on March 31, 2019. On a year...
In Morocco, private equity firms raised a total of MAD1.681 billion ($175.3 million) in 2018, local media LeBoursier indicated quoting a report...
The Republic of Guinea is the ideal mining investment location. Since 2011, the country has made enormous progress by building the foundation for a “rock...
The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) in support of agribusiness Small- and...
The International Finance Corporation (IFC) announces the launch of Finance2Equal Tanzania, a programme aimed at facilitating women’s access to financial...
Eyewa, a Dubai-based designer glasses online seller, raised $7.5 million during a funding round led by Wamda Capital.
During the round, Wamda...
The African Development Bank has organised a roadshow to drum up support from Angolan investors ahead of the second edition of the Africa Investment Forum...
Sanlam Emerging Market, subsidiary of South African Salam Group, has finalized the sale of an undisclosed volume of stake in its Kenyan subsidiary Sanlam...
Vantage Capital, a South Africa based mezzanine fund, announced its disinvestment from Thebe Timrite, a South African mining services provider....
On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion commitment in temporary callable capital to support the...
Northern Ireland based Devenish Nutrition invested $2.25 million to acquire 42% stake in the capital of Kenyan agribusiness Sidai Africa Ltd in the...
Standard Chartered Bank reached an agreement with American authorities to refund the tune of $18 million to terminate a US financial law breach case...
In Sub Saharan Africa, investment banking activities generated $93.5 million in Q1, 2019, Ecofin Agency gathered from a report published by...
The Arab Bank for Economic Development in Africa has granted a $30 million loan to Banque Malienne de Solidarité, Mali’s economy and finance...
Further details on the partnership between French and South African banking groups Société Générale and Absa Group should be available by end Q2, 2019,...
Société de Limonaderies et des Brasseries d'Afrique (solibra), subsidiary of Castel group in Côte d’Ivoire, ended 2018 with XOF1.3 billion of net profit....
Seedstar World recently announced that it will set a $100 million fund to support African startups in collaboration with Venture Growth, a venture...
The independent analysis firm Alpha Mena has pegged a sell rating on BMCE Bank of Africa on the belief that it could record a significant loss in the...
The African Development Bank has welcomed the Islamic Development Bank’s agreement to contribute USD$3 million to the multi-partner Somalia...
Banque Internationale pour le Commerce et l’Industrie de la Côte d’Ivoire (BICICI) and its sister company in Burkina Faso will exchange their respective...
The American venture capital Endure Capital that operates in Africa via its representation office in Egypt has co-led an $800,000 funding round for...
The European Investment Bank (BEI) has opened a €12 million credit line for Grameen Crédit Agricole that invests in microfinance institutions in...
In a release published on April 2, 2019, Mauritius Commercial Bank Ltd (MCB) announced that it received an $800 million syndicated loan from a large...
The Boards of Directors of the insurance companies RAWSUR SA and RAWSUR LIFE SA officially announce that they have been approved as insurance companies...
Moroccan real estate group Douja Prom Addoha indicates projected revenue estimated at MAD900 million (XOF54.4 billion) in West Africa in the next two...
Panafrican banking group Ecobank announced, on April 1, 2019, the injection of $64 million in its Nigerian subsidiary. This injection follows the...
Proparco recently granted a €10 million loan to Société nigérienne de banque (Sonibank) to help it develop its credit activities. This was revealed...
In 2018, claim cost was still one of the factors that negatively affected the financial performances of Moroccan insurance companies listed on the...
The African Development Bank has approved a US$20 million equity investment in Uhuru Growth Fund 1, a first-generation fund sponsored by Uhuru Partners...
The Board of the African Development Bank has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund...
By 2022, Kenya Commercial Bank (KCB) will open a subsidiary in the Democratic Republic of Congo, Joshua Oigara, the bank’s managing director indicated....
In 2018, the consolidated Management Expenses of Moroccan banking group BMCI and its various subsidiaries slightly rose by 1.7% to reach MAD1.61 billion...
State-owned port operator Marsa Maroc announces a joint-venture agreement with Eurogate International GmbH and Contship Italia S.p.A, for their...
Sovereign Foods, a poultry producer in the portfolio of South African private equity CapitalWorks, acquired Blue Hills Hatchery for an undisclosed...
In 2018, private equity firms invested $3.5 billion in Africa against $3.9 billion in 2017, the African Private Equity and Venture Capital...
Spear Capital, a South Africa based private equity fund, invested $4.5 million for 40% stakes in South African Peries Foods, a meat processing...
Live News
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Cameroon’s Afriland First Bank partners with Pnud to increase pro-poor financing in Guinea Conakry
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Bdeac loans XAF6.6bln for development projects in Cameroon including a 4-star hotel in Douala
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Bdeac’s earnings grew by XAF8.7bln in 2018
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The UAE and Saudia Arabia announce $3 bln support for Sudan
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Mining Governance and Development Project invests CFA700 mln in training at University of Lomé
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Togo records again an outstanding performance on regional financial market
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Togo moves 10 places in RSF’s press freedom rankings
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Mali: Prime minister Soumeylou Boubèye Maïga resigns
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