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Cedric Tossa

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Absa Bank announces an increase in its results

Absa Bank, the 3rd largest banking group on the African continent, announced that it had made a profit of R16.13 billion for the year...

Angola: State privatizes 7 companies to raise 80 million USD

To raise 80 million USD and finance its development projects, the Angolan government has ceded to private, seven public companies in the industrial area...

Morocco: Immorente Invest announces new acquisitions in 2019

Immorente Invest, a Moroccan firm specializing in the management of real estate assets for rental, plans acquisitions ranging from 150 to 200 million dirhams...

South Africa: $ 9.6 million to strengthen the capital of fintech...

The South African firm InvestSure will benefit from an investment of 9.6 million rand mobilized by 4Di Capital of Lireas Holdings and Compass Insure,...

Infrastructure fund managed by Investec Asset Management injects $27 million into...

The Emerging Africa Infrastructure Fund (EAIF) provided a USD 27 million loan to Kikagati Power Company, a Ugandan company specializing in the energy sector....

South Africa: $ 3.6 million Spartan SME Finance for African SMEs

Small businesses set up by Africans will receive 50 million rand, or about 3.6 million USD from Spartan SME Finance, a South African firm. These...

Morocco: Innov Invest has financed 68 startups between 2017 and 2019...

A total of 68 Moroccan startups benefited from the financing of the Innov Invest fund for a value of 46.3 million dirhams, or approximately...

Egypt: National Bank to inject $ 10 billion into infrastructure projects...

National Bank of Egypt Vice President Yehia Abul Fotouh announced last week that the bank plans to finance infrastructure projects worth 180 billion Egyptian...

Nigeria: Quantum Capital Partners Raises $ 5.5 Million for TeamApt

Nigerian company Quantum Capital Partners raised $ 5.5 million for TeamApt, a provider of payment solutions. This funding will allow the development of new financial...

Mali receives 52 billion FCFA from the World Bank

Mali benefited from a 52 billion FCFA envelope from the World Bank under an agreement signed last week on the country's electricity sector. These funds...

South Africa: Insurer Discovery begins banking activities in May

In South Africa, the insurer Discovery plans to launch its banking business towards the end of May 2019. This step will be the result of...

London investor announced at capital of International Facilities Services

Development Partners International (DPI), a London-based private equity firm, has launched its second fund called African Development Partners II for a $ 35 million...

Nigeria: Commercial banks record higher foreign currency deposits

Foreign currency deposits in Nigerian commercial banks reached 5,542 billion naira, equivalent to 15.3 billion USD at the end of December 2018. According to the...

Comoros: IFC to unlock US $ 15 million for Telco

The International Finance Corporation (IFC) has announced it will grant a $ 15 million credit line to Telecom Comores (Telco SA), a Comoros-based telecom...