Piraeus Sells Its Egyptian Subsidiary // Pirée Vend Sa Filiale Egyptienne
By Yiannis Papadoyiannis Piraeus Group announced on Thursday the sale of 98.5 percent of its Egyptian subsidiary, Piraeus Bank Egypt, to Al Ahli Bank of...
Category : STOCK MARKET
Goldcorp named to Nasdaq Sustainability Index // Goldcorp Nommé Au Nasdaq Sustainability Index
BY: HENRY LAZENBY The world’s largest gold producer by market value Goldcorp on Tuesday said it was named to the semi-annual re-ranking of the NASDAQ...
Ghana Receives IFAD Financing // Ghana Reçoit Le Financement Du FIDA
IFAD : To help smallholder farmers boost agricultural production and transformation Today the Government of the Republic of Ghana and the International Fund for Agricultural Development (IFAD)...
African Accountants Urged To Get Involved In International Standards // Comptables Africains Invités A s’Impliquer Dans Les Normes Internationales
Professor Lee Burns, honorary professor of taxation law at the University of Sydney, said: ‘If you don’t put proper [tax] structures in place, the resource...
Nigeria Senate Confirmed Mounir Gwarzo As Director -General of Security and Exchange Commission, SEC // Sénat Du Nigeria A Confirmé Mounir Gwarzo Comme Directeur-Général De La Security And Exchange Commission, SEC
Senate yesterday confirmed the nomination of Mounir Gwarzo as Director-General of Securities and Exchange Commission, SEC. A statement by management of the commission indicated that...
Luna Gold Stock Lower After Striking $30m Financing Deals, Gold Stream Restructuring // Luna or Lower Stock Après Avoir Heurté Des offres De Financement De 30 Millions De Dollars, or Stream Restructuration
TSX-listed stock of Canadian miner Luna Gold had so far this week traded almost 20% lower after it late last week announced that it had...
ABG Egypt Unit Income Surges 21pc // ABG Egypte Unité Revenu Les Surtensions 21pc
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group (ABG) and its investment arm in Egypt, announced that net income jumped...
Shares Surge In Eland After Nigeria Boost // Actions Contre Les Surtensions Dans Eland Après Nigéria Boost
SHARES in Eland Oil & Gas have leapt by more than nine per cent after it was handed a major boost to its drilling ambitions...
Aspen Sells Part of Local Unit To Endo For R1.6bn // Aspen Vend La Partie De L’unité Locale D’Endo Pour R1.6bn
South Africa’s biggest drugmaker Aspen Pharmacare [JSE:APN] said on Monday it will sell a part of its local business to a unit of Endo International...
EU Partners UniBank To Asist SMEs in Ghana // UniBank Partenaires UE Aux PME D’Asist Au Ghana
The European Union through its lending institution, the European Investment Bank (EIB), has provided 10 million Euros to UniBank Ghana to support private businesses across...
Botswana’s Choppies To List On JSE // Choppies Du Botswana à La Liste Des JSE
The JSE will get another African boost when Botswana grocery retailer Choppies Enterprises lists on the main board at the end of this month. This...
South African Stocks Book Biggest Drop In 6 Weeks, Track Global Markets // Stocks Sud-africaine Livre Plus Forte Chute En 6 Semaines, Les Marchés Mondiaux Piste
South Africa’s main stock index booked its biggest daily percentage decline in more than a month on Wednesday, tracking global markets as anxiety from a...
Westpac Shares Slump // Westpac Actions Slump
Shares in Australian banking heavyweight Westpac slumped on Monday after a worse-than-expected first-half net profit of A$3.61 billion, with solid mortgage lending growth offset by...
OBI Telematics and Navman Wireless Announce Unique Middle East & Africa Distribution Deal // Olivier Télématique Et Navman Wireless Annoncent Un Deal De Distribution Unique De Moyen-Orient & Afrique
OBI Telematics and Navman Wireless are pleased to announce an exclusive distribution agreement allowing both industry leading companies to extend their reach throughout the Middle...
Africa, Latin America Markets Stand Out In March Quarter // Afrique, Amérique Latine Marchés Se Distinguent Au Trimestre De Mars
Indian consumer goods company Godrej Consumer Products said Tuesday it posted a 12.4% rise in fourth-quarter net profit to 2.66 billion rupees ($45.3 million), helped...
Capstone Widens Net Loss On Lower Prices, Higher Costs //
Vancouver-based base metals producer Capstone Mining has reported a wider net loss for the three months ended March 31, as lower prices and higher production...
Oils Falls After Saudi king’s Dramatic Reshuffle // Huiles Falls Après Remaniement Dramatique Du Roi Saoudien
Oil prices dipped on Wednesday on oversupply after news King Salman of Saudi Arabia had altered the line of royal succession in the kingdom in...
EGX hosts African Securities Exchanges Association Meetings Monday // EGX hôtes Africains Securities Exchanges Association Réunions Lundi
BRVM-CI 267.38 1.34 +0.50% 24-Apr BSE DCI 9 852.30 16.02 +0.16% 24-Apr EGX 30 8 633.86 -97.43 -1.12% 26-Apr DSE ASI 2 658.89 -15.65 -0.59%...
Ending Egypt’s currency Black Market Brings New Challenges // Finissant La Monnaie De L’Egypte Marché Noir Apporte De Nouveaux Défis
* Cap on dollar deposits in banks dries up demand * Businesses suffer from lack of foreign exchange liquidity * Growth seen as key to...
Egyptian Businessmen Rattled By New Regulations // Hommes D’affaires Egyptiens Secoués Par La Nouvelle Réglementation
In a move that led to the loss of billions of Egyptian pounds on the stock market, the Ministry of Finance issued implementing regulations April 7 for...