The Democratic Republic of Congo (DRC) and GEC, a consortium of Chinese companies, have sealed a new mine-road financing deal worth $7 Billion. The funds are mainly intended for the construction of national roads in the central African country. State-owned mining company Sicomines announced the decision over the weekend following talks on an updated version […]
Nezha Hayat, Chairperson of Moroccan Capital Market Authority (AMMC), has been elected Chair of Africa-Middle-East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO). The IOSCO Regional Committee for Africa and the Middle East brings together the financial market regulators of the region, bearing the mission to examine, exchange information and promote issues […]
Morocco’s BCP bank started talks with French BCPE bank to buy major stakes in four of its African banks. BCP said in a statement it aims at acquiring BPCE’s controlling stakes in Cameroon, Madagascar, Congo and Tunisia. The French bank owns 68.5% of Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC); 71% of […]
