Rédaction Financial Afrik

The Conseil Deontologique des Valeurs Mobilières of Morocco  (CDVM)  informs the public that it has approved, on the 4 th of April 2014, a  prospectus relating to the share buyback program launched by ITISSALAT  AL-MAGHRIB in order to regulate its stock market.The main characteristics of the program are as follows: 

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UAP Holdings Limited reported a profit before tax of KeS 2.2bn for the year to 31st December, 2013. This reflects a 27% increase from KeS 1.7bn achieved in 2012.

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Lagos, Nigeria, 31 March 2014 – On Friday 28 March 2014, Lamudi, founded by Africa Internet Holding (AIH) and Nigeria’s leading online real estate platform surpassed 10,000 listings. The platform now provides Nigerians with a wider selection of properties in popular urban areas including: Abuja, Lagos and Ibadan.

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European Commissioners Andris Piebalgs, for Development policy, and Karel De Gucht, for Trade policy, welcomed today’s Foreign Affairs Council conclusions confirming new EU support of at least €6.5 billion for the Economic Partnership Agreement Development Program (PAPED) for West Africa during the period 2015-2020.

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Inflation falls to 7.7% y/y in Feb. Inflation in Nigeria dropped to 7.7% y/y in Feb 2014, from 8.0% y/y in Jan and Dec, which represents a low since at least late 2007. The CPI figure for Feb was also close to our forecast of 7.9% y/y, and remained broadly in line with the projected medium…

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The economic weight of Southern actors at the global level over the last two decades has been unprecedented in speed and scale. Whilst growth levels of western economies plummeted following the 2008-2009 financial crisis, developing economies continued to grow at high rates, largely driven by a variety of factors, including sound industrial policies and investments…

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On a eve of an extraordinary general meeting of shareholders which have, on this monday 3th march,  to discuss and establish  a new gouvernancy  rules in Ecobank, the south african fund, Public Investment Corporation, the biggest shareholder of the panafrican  bank, has  revealed  clearly that he will no longer support the current chief executive. 

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The AFRAA Fuel Committee concluded the tender process for the Jan – Dec 2014 Fuel Tender. The tender process ran from October to December 2013.

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Donné partant depuis plusieurs semaines, Mohamed Jouahri a été remplacé par Mohammed Haitami, jusque-là  Directeur des services financiers spécialisés d’Attijariwafa bank.

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 Morocco to sell new EUR Eurobond. On 22 Nov, Economy and Finance Minister Mohamed Boussaid announced that Morocco (rated BBB- by S&P and Fitch, and Ba1 by Moody’s) would issue a EUR1bn Eurobond in late 2013 or early 2014. The tenor has yet to be disclosed, but we suspect this is likely to be a 10-y…

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At the occasion of KING MOHAMMED VI’s visit to Washington, Ms. Claudia Slacik, Chief Banking Officer and Senior Vice- President of Export Finance of US Ex-Im Bank, and Mr. Mohamed El Kettani, Chairman and CEO of Attijariwafa bank have signed on Tuesday November 21st 2013, a Memorandum Of Understanding between the two institutions.

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A l’issue de la rencontre entre  le gouverneur de la Banque centrale des Etats de l’Afrique de l’Ouest (BCEAO), Thiémoko Meyliet Koné, et les présidents des APBEF, mercredi à Dakar, les deux parties ont convenu de la nécessité d’arrêter une liste de services bancaires dits de base.

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DHL Express (http://www.dhl.com), the world’s leading international express services provider and Engen, Africa’s leading multinational fuel retailer and provider of convenience services, have signed a retail partnership, in a bid to provide customers with better access to global express services.

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Warsaw, Poland 14 November 2013 (ECA) – As negotiators and experts prepare to enter the high level segment of the 19th Session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP19), which opened in Warsaw this week, the mood among African delegates here is one of confidence and determination to…

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Increased use of information and communication technologies could soon boost growth in agriculture and lead to poverty reduction in many countries around the world, according to experts attending the ICT4Ag international conference, which was held 8th november in Kigali, Rwanda.

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Mthuli Ncube, chief economist of the AFDB,  is confident in the African EconomyPerspectives. Despite the stressing trends in the  Arab Spring countries,  the continent will maintiend  it’s 5% GDP growth this year. The Libya is very recovering with 1,7 millions barrels per day.

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This year Africa celebrates fifty years since the founding of the Organization of African Unity (OAU); never before has the continent been so poised to reap the benefit of its enormous resources. Sweeping political and economic changes over half a century have reformed global power structures, reconfigured international relations and led to serious rethinking of…

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This year Africa celebrates fifty years since the founding of the Organization of African Unity (OAU); never before has the continent been so poised to reap the benefit of its enormous resources. Sweeping political and economic changes over half a century have reformed global power structures, reconfigured international relations and led to serious rethinking of…

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Addis Ababa, 18 October 2013 (ECA) – The United Nations Economic Commission for Africa (ECA) will from 4-8 November this year host the world Geospatial Data Infrastructure Conference and AfricaGIS conference in Addis Ababa, Ethiopia.  The theme of the combined conference, which the Commission is hosting in collaboration with Addis Ababa University, the Ethiopian Mapping…

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The Democratic Republic of Congo plans to raise its free stake in new mining projects to 15 percent from 5 percent, said Chantal Bashizi, the vice president of the commission revising the mining code.

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Angola, Africa’s largest oil producer after Nigeria, is imposing a consumption tax on petroleum companies that will raise some costs by as much as 10 percent, according to government documents.

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Addis Ababa, 04 October 2013 (ECA) – The Executive Secretary of the United Nations Economic Commission for Africa (ECA), Carlos Lopes, today in Addis Ababa praised delegates at the African Regional Conference on Population and Development for their commitment to making progress on issues discussed at the forum. 

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It’s like, you know, the world has decided, for Congo, you ask Rwanda. Why? I don’t understand, » Kagame told Reuters on the sidelines of the annual gathering of world leaders at the United Nations in New York.

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Royal Air Maroc plans to  establish Rabat as its second  local base after its main hub  in Casablanca.  According to the Royal Air Maroc, the  decision to establish a base in Rabat is  part of its drive to better position itself  strategically as well as to complement its  existing Casablanca operations.

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