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 […]
Launched in 2019 by the African Development Bank Group (AfDB) and its partners, the Desert to Power initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world. The Desert to Power initiative is designed to […]
The Egyptian judiciary has issued a notification to Interpol to include six Muslim Brotherhood leaders on a “red notice” for smuggling funds abroad to finance terrorism, Arab News reports. The Supreme State Security Criminal Court decided to notify Interpol in order to track the leaders, arrest them and hand them over to Egyptian authorities. Wanted […]
