U.S.-based aid agency Mercy Corps has appointed consultancy IFAAS to help launch an Islamic microfinance business in Ethiopia, aiming to offer interest-free products to local communities,...
Minister of State, Mines and Steel, Abubakar Bwari, has said Nigeria still imports an estimated $3.3 billion worth of steel and associated derivatives annually. Bwari said...
Mortgage financier HF Group sunk into a Sh332 million net loss in the nine months ended September, weighed down by reduced lending and loan defaults, on...
Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China....
AfDB President Adesina, offers loan to Cameroon The African Development Bank (AfDB) has approved a €17.96 million loan to the Republic of Cameroon to finance...
Egyptian President Abdel Fattah el-Sisi (R) receives Saudi Crown Prince Mohammed bin Salman (L) – Reuters After a two-day visit to Egypt by Saudi Arabia’s...
Afreximbank – Photo courtesy of bank website CAIRO – 28 November 2018: The board of directors of Orascom Investment Holding approved to obtain a term...
The Central Bank of Kenya (CBK) governor Patrick Njoroge has reiterated that the Kenyan shilling is properly valued and that its value is only dependent on...
CEO of EFG Hermes Karim Awad- Press Photo CAIRO – 26 November 2018: Egypt’s EFG Hermes is considering expanding into the insurance and mortgage sectors...
Egyptian President Abdel Fattah al-Sisi meets with Saad al-Hariri, who announced his resignation as Lebanon’s prime minister from Saudi Arabia, at the Ittihadiya presidential palace in...
Twenty-two withdrawals totalling 3.12 billion dollars were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in...
Managing Director and Head of Global Banking at HSBC Egypt Helmy Ghazy (r), BEBA Chairman Khaled Nosseir (center), and CEO of Vodafone Egypt Alexandre Froment-Curtil –...
CAIRO – 21 November 2018: Russian Metprom Group announced its attention to set up two projects in Egypt with total investments of €210 million, according to...
Nigeria has granted a three-year tax exemption and export incentives to intending tourism investors. The Minister of Information and Culture, Alhaji Lai Mohammed, said on Wednesday...
Kenyan tech start-up Sendy, which operates an app linking delivery drivers with customers, is embarking on a second round of fundraising to expand in East Africa,...
Kenya has pumped $300 million into the market to protect its shilling against soaring dollar. Analysts predict that the shilling could hit 105 units to the...
Mr Okechukwu Enelamah, Minister of Industry, trade, and Investment, signs deal with UNIDO The federal government and UNIDO have signed a $60 million new country...
During signing the document – Press Photo Egypt and the Eurasian Economic Union (EAEU) signed a framework document for negotiations on the free trade agreement...
Algeria is backtracking on some economic reforms such as cutting costly subsidies as the country wants to minimise the risk of protests before presidential elections next...
Egypt’s unemployment rate declined 1.9 percent during the third quarter of 2018 to 10 percent, compared to the same quarter of 2017, according to the Central...
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