East Africa’s banks optimistic outlook despite challenges

The African Business ‘Top 100 Banks’ survey, which was published in October 2016, underlined the growing importance of East Africa in the continental banking industry. The region has long been underrepresented in the Top 100 in comparison with the size of its population but has gained two entrants every year since 2013, taking it from 10 that year More...

Barthe Cortes, BVC Airlines
By afriknews On Thursday, September 7th, 2017

Barthe Cortes arms his planes with missile defence system

The cargo planes belonging to BVC, which every day travel the distance over the territories engaged in armed conflict in Africa and Middle East, were many times attacked by „air-ground” missiles. The owner of More...

By afriknews On Saturday, August 19th, 2017

Nigeria banks trying to stabilize 9mobile ahead of sale, FBN says

Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors, First Bank said, adding that it saw no need to impair loans made More...

bvc, Barthe Cortes
By afriknews On Sunday, August 6th, 2017

Clarification: Barthe Cortes did not sell the BVC shares

Clarification: Clarification: Barthe Cortes did not sell the BVC shares. Barthe Cortes still remains the sole owner of BVC On 3rd August in Afrik News  you could read the information that Barthe Cortes, owner of More...

By afriknews On Thursday, August 3rd, 2017

26-year-old founder wants to transform online payments in Africa

Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa. The service allows consumers to pay for things in their local currency; Flutterwave More...

By afriknews On Sunday, April 2nd, 2017

Egypt court annuls block on transfer of Red Sea islands to Saudi Arabia

Egypt’s Court of Urgent Matters ruled that a judicial decision to block the transfer of two Red Sea Islands to Saudi Arabia is void, a judicial source and a lawyer told Reuters on Sunday. A court rejected in More...

By afriknews On Sunday, April 2nd, 2017

Niger President Mahamadou Issoufou rules out bid for third term

Niger’s President Mahamadou Issoufou has stated on Saturday that he would not amend the constitution to seek a third term after his second and last five-year legal term in 2021. “One of my greatest ambitions More...

Barthe Cortes, Chad 2017
By afriknews On Sunday, April 2nd, 2017

Barthe Cortes is building an airport at the ‘Heaven’s Door’

Barthe Cortes founder of  BVC Airlines  is starting the construction of an airport in the western part of Chad, near the great blue lake, the region which is called by the natives “Heaven’s Door'”. According More...

By afriknews On Tuesday, February 21st, 2017

Senegal: 38th PMAWCA kicks-off in Dakar, to make African ports more competitive

How to make African ports more competitive was the issue on the table at the 38th Port Management Association of West and Central Africa (PMAWCA) in Dakar, Senegal. Managers of Africa’s ports met to deliberate More...

By afriknews On Tuesday, February 21st, 2017

South African rand rigging scandal: Citibank agrees to $5.3m settlement

One of the banks implicated in the recent scandal surrounding the South African currency, the rand; has agreed to pay an administrative penalty for their part in the forex trading scandal. The News24 portal reports More...