June 13, 2016/Punch Oyetunji Abioye with agency report The nation’s overnight interbank rate rose to an average of four per cent on Friday, up from three per cent the previous week, as the Central Bank of Nigeria’s attempt to mop up excess liquidity from the banking system faltered. Traders said […]
Updates
Egypt’s EFG-Hermes to return $122 mln to shareholders
Sun Jun 12, 2016/Reuters Egypt’s EFG-Hermes plans to distribute 1.08 billion Egyptian pounds ($122 million) to shareholders and step up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais, it said on Sunday. Having completed the $310 million stake sale last week, Egypt’s largest investment […]
Privately-held Kenyan firm says plans to buy 23 pct stake in Britam
Mon Jun 13, 2016/Reuters Kenya’s Plum LLP plans to buy a 23.34 percent stake in insurer British-American Investments Co (Britam) that had been seized by the government of Mauritius from a disgraced businessman in 2015, the privately owned firm said on Monday. Plum said it expected the acquisition was expected […]
