Trade between Nigeria and neighboring Niger has bounced back since the West African bloc ECOWAS lifted sanctions on the latter coup-hit country, just as the president of the ECOWAS Commission admits Niger, Mali, Burkina Faso’s withdrawal will cost the regional bloc as much as US$1 billion. In January 2024, the three countries led by military […]
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
President of Niger Mohamed Bazoum chaired Monday in Paris an investors’ roundtable for the financing of the Economic and Social Development Program known as PDES 2022-2026, the office of the African leader has indicated. The program, according to Bazoum, will require around $30 billion and contributions from international technical and financial partners and the private […]
