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Morocco: Wafa Assurance’s turnover up by 7.7

Subsidiary of the Attijariwafa Bank group, the Moroccan insurance company Wafa Assurance has announced a consolidated turnover of 551.5 million euros. That is an increase of 7.7% in the first half of 2022. This great success has been achieved thanks to an increase in the financial results of the Life...
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Financing: Janngo Capital raises €34 million for women

The startup Janngo Capital, has raised €34 million in capital commitments for its new €60 million fund aimed at financing businesses in which women are heavily involved. The main investors are the European Investment Bank (EIB) and the African Development Bank (AfDB). By the editorial staff Janngo Capital Startup Fund...
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Mali: €47 million raised on the WAMU market

The Malian government has raised 31.62 billion CFA francs, or 47.23 million euros, on the West African Monetary Union (WAMU) financial market at the end of its simultaneous auction of 30 billion CFA francs worth of treasury bills. That is to say a coverage rate of 105.40% of the amount...
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Mozambique: public debt weighs on the financial system

Adriano Maleiane, Minister of Economy and Finance, recently declared Mozambique's public debt, which amounts to 12.37 billion US dollars, weighs the financial system. Of this total public debt, the external debt represents US $ 9.85 billion, of which 16% to China and 44.16% due to multilateral institutions, and the rest...
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Finances BLOM Bank to sell its shares in BLOM Bank Egypt

LOM Bank Egypt announces in a press release that it has launched the process of selling the shares held by the Lebanese BLOM Bank in this independent bank. This procedure is only in its early stages: the Central Bank of Egypt must first give its approval, the sale will then...