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 […]

Morocco’s OCP Group to set up a fertilizer plant in Kenya

Negotiations are currently underway between the Moroccan phosphates group OCP and Kenya for the setting up of a fertilizer plant in Kisumu, the third largest city in Kenya after Nairobi and Mombasa. In this connection, the head of the Orange Democracy Movement (ODM), the main opposition party in Kenya, Raila Odinga, is currently visiting Morocco […]

Historic conviction: German court sentences Gambian death squad driver to life in prison

A German regional court on Thursday (30 November) handed down a historic sentence when it sent a former member of a Gambian death squad to prison for life, convicting him for crimes against humanity, among other charges. The 47-year-old Bai Lowe, who was linked to the killing of AFP journalist Deyda Hydara, was convicted of […]