Commercial International Bank Egypt completes acquisition of Kenya’s Mayfair CIB in $40mln deal

Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]

Tunisia: Parliament considers controversial deportation law

Tunisian lawmakers are currently deliberating a controversial draft law that would allow the deportation of “irregular” migrants to their home countries, as tensions rise around anti-migrant sentiment and xenophobic conspiracy theories. This proposal comes after the Government claimed to have successfully repatriated over 7,000 migrants “voluntarily” last year. However, human rights groups have voiced concerns, […]

Multiple suicide bombings kill 18 people in north-east Nigeria

A series of suicide bombing left 18 people dead in Bono state in north-east Nigeria, an area where Boko Haram operates, according to an official tally. The attacks were perpetrated by three women, hitting a wedding, a funeral service, and a hospital in the town of Gwoza in Borno state, a region long plagued by […]