what prospects for commercial banks?

(Agence Ecofin) – With the announcement of 2 successful tests of anti-covid-19 vaccines, one might think that the worst has passed, in particular for the banking sector. Nothing is certain, however, according to S&P Global Ratings. The situation of African banks, especially those that are listed, should also be monitored. The announcement of two successful […]

Saudi Aramco (still) needs cash

(Agence Ecofin) – Faced with a sustained drop in oil prices, and a pandemic that continues to stifle global demand for black gold, Saudi Aramco is in dire need of liquidity. The largest oil company in the world announced on Monday that it wanted to return to the debt markets to raise funds. Aramco, which […]

Electric cars: BMW wants to challenge Tesla

(Agence Ecofin) – German automaker BMW wants to compete with Tesla in the electric vehicle (EV) market. The company yesterday launched its battery-powered SUV model, called BMW iX. The iX, which would have a range of 480 km (300 miles), is scheduled to go on sale in the United States from 2022, in particular to […]

South African MTN leaves Jumia capital for $ 138 million

(Ecofin Agency) – MTN Group has sold all its shares in Jumia, the e-commerce platform focused on Africa. Valued at $ 138 million, this sale is like a consolidation. After the 2019 IPO, MTN’s shares in Jumia were valued at $ 698 million. The South African telecom operator MTN Group has sold its 18.9% stake […]

The Galician Prosecutor’s Office refers to Anticorrupción the proceedings opened for alleged crimes of BRIBE against Teresa Mallada President of the PP of Asturias.

The Galician Prosecutor’s Office refers to Anticorrupción the proceedings opened for alleged crimes of BRIBE against Teresa Mallada President of the PP of Asturias. information Galicia The Galician Prosecutor’s Office refers to Anticorrupción the proceedings opened for alleged crimes of BRIBE against Teresa Mallada President of the PP of Asturias. information 04 November 2020 83 […]

How South Korea created a giant like Samsung and surpassed Spain

The president of Samsung, Lee Kun-hee, died a week ago. There are certain parallels between what it represents Lee and Amancio Ortega. Both are the greatest fortunes of their respective countries. What’s more, Amancio Ortega is far ahead of Lee as the Spanish fortune placed him as the sixth largest in the world (thanks to […]

Sonatel strengthens its cash reserves, despite declining net profit

(Agence Ecofin) – While in June 2020, it completed a loan of 100 billion FCFA to support its investments, the telecoms group Sonatel found itself with 38 billion FCFA in more cash, due to a drop in its capital expenditure. Over the first 9 months of 2020, the telecoms operator Sonatel managed to increase its […]