India plans to increase its trade exchange with Egypt by over 128% to reach about $8bn in the next period, in comparison with $3.6bn last year, according to the Indian ambassador to Egypt, Rahul Kulshreshth. The joint committee will be held in Cairo next year, headed by both countries’ foreign ministers, the ambassador added during
The Central Bank of Egypt (CBE) has announced an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn
Stanbic IBTC Bank Plc, Access Bank Plc, Ecobank Nigeria Limited led the top 10 banks that facilitated N139.13 trillion investment in fixed securities and currency on the FMDQ OTC Securities Exchange in 2018. The 10 banks accounted for 76.1 per cent of the N182.856 trillion total transactions in the market in 2018, according data. However,
Zimbabwe mobile money platform, EcoCash is to be unbundled from the mobile network operations of Econet Wireless as the company pushes to list the mobile money platform separately on the Zimbabwe Stock Exchange (ZSE). According to Charles Banda, group company secretary for Econet Wireless, “this is still subject to regulatory and shareholder approvals”. In a
The Securities and Exchange Commission has announced, it has de-listed UT bank from the Ghana Stock Exchange. The move is a corollary to the withdrawal of the bank’s license by the Bank of Ghana. A statement from the commission also said the bank breached exchange rules after failing to publish its financial statement since 2015.
