Latest COMESA region news

  • Rwanda’s BK Group becomes billion-dollar company

    BK Group Plc, the holding company of Bank of Kigali (BK), Rwanda’s largest bank by assets, is steadily growing into the country’s new investment powerhouse, after reporting a 23.4 per cent year-on-year growth in its net income, earning Rwf7.5 billion ($8.3 million) in the first quarter of 2019 across its four subsidiaries.

  • ESC looking to invest EGP 3 bn in Egypt by 2022

    Maker of Flo bottled water looks to invest EGP 3 bn in Egypt by the end of 2022: The Egyptian-Saudi Company for Natural Water and Food Industries (ESC), the distributors of Flo-branded water, is planning to invest EGP 3 bn in Egypt by the end of 2022, Chairman Mahmoud Daoud told the local press. 

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