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The loan arranged by the International Finance Corp., will go toward replacing Sococim’s clinkers with more fuel-efficient ones and reduce its carbon emissions, the IFC, a member of the World [...]

The Co-operative Bank of Kenya has raised a total of $100mn (KES12.6bn) in long-term debt from global institutional investors led by the German fund DEG to expand its capital base, according to [...]

Mascom is controlled by Deci Investments, a Botswana based company controlled by Botswana Public Officers Pension Funds (BPOPF) whereas the other shareholder in Deci Investments, holding [...]

Uganda Development Bank (UDB), the country’s national development finance institution, has reported a 52% jump in the size of its loan portfolio to UGX1.2trn ($326mn), Kampala-based daily [...]

Casablanca-based lender CIH Bank is paying 70m dirhams to take over the management of 8b dirhams in assets from BMCI, CIH says in a statement. Transaction is expected to be finalized in 1H/2023 [...]

Car & General Trading, a wholly owned subsidiary of Car & General Kenya, has entered into an agreement with CMI Africa for the acquisition and will hold 100% of the shares in Cummins [...]