Damco, one of the world’s leading freight forwarding and logistics service providers, reports a 6% increase in Quarter 1 net revenue with a total of 773 million USD, compared to 728 million USD in 2012. EBIT ended up at 9 million USD for the first quarter, compared to 13 million USD in 2012.
Femi Oyetunji, CEO of Continental Reinsurance, explain the vision and the philosophy of his company. Exclusive
The Egyptian government is facing an increasingly difficult set of economic circumstances that could raise inflationary pressures and lead to further social unrest, says a report by Standard & Poor’s Ratings Services. Titled « Reliance On Central Bank Finance Could Raise Inflationary Pressures In Egypt, » the report points out that since the popular uprising of 2011,…
The EU will provide some €37 million to strengthen the fight against piracy in several Eastern and Southern African countries through support for the Programme to promote Regional Maritime Security (MASE). In the past decade, the level of maritime insecurity in the region’s waters has become the highest in the world, undermining development and affecting…
ohannesburg – South African mass market lender African Bank Investments posted a 26 percent drop in first-half earnings on Monday, hit by rising bad debts from its heavily leveraged customers.
Addis Ababa, 19 May 2013 – A press briefing was held today to brief the media on the level of preparedness ahead of the celebrations of the Golden Jubilee of the Organisation of African Unity and the African Union (OAU-AU). The briefing was also aimed at briefing the media on the side and parallel events taking…
Legislation for Africa’s first covered bond market, in Morocco, is only at a preliminary stage and requires further clarification before it’s ready for investors, says a report by Standard & Poor’s Ratings Services. Titled « Morocco Looks To Covered Bonds To Support Housing Finance, » the report points out that under the proposed covered bond legislation, universal banks will…
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