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Africa, Lebanon
Lebanese banks' African subsidiaries hit by chaos back home

Reading time 2 min

The ongoing political and financial disaster in Lebanon is slowing the growth of the country's banks in Africa. Bank Audi has sacrificed its Egyptian subsidiary in order to inject some liquidity into its parent company.

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London court decision gives hope to expats with dollars in Lebanese banks

Hoping to avoid trial in the UK where it has a large client base, Banque Libano-Française has failed to demonstrate that British courts do not have jurisdiction to rule on a dispute with one of its clients, creating a precedent at a time where many Beirut banks are worried their overseas clients will launch proceedings outside Lebanon to recover dollar deposits held with them.

LogoSubscribers only Corporate Intel Intelligence Online 08.11.2021

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Headlines

The head of the Nigerien junta, Abdourahamane Tchiani, in Niamey, 2 June 2026.
Spotlight | Niger Tchiani eases pressure on CNPC after three years of crisis Ethiopia, Senegal From Addis Ababa to Dakar, London treads carefully on G20 Common Framework
The G20 summit in Indonesia, 15 November 2022.
The New Guard | Africa Nigeria, Ethiopia, Kenya Zambia Serbian agribusiness group FPM plots southern African expansion Morocco The businessman driving closer commercial ties between Rabat and Seoul Libya New intelligence chief faces pushback over contested appointment Kenya Renewal of British contingent faces tough talks
British Prime Minister Keir Starmer and Kenyan President William Ruto at the G7 summit in Évian-les-Bains, France, 17 June 2026.
Nigeria Trio of traders turns to courts to maintain fuel imports DRC Government studies proposal to tighten mining sector oversight

Related topics to this article

20% OFF your subscription

Special offer: Only 2d and 11h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 10/07/2026

Headlines

The head of the Nigerien junta, Abdourahamane Tchiani, in Niamey, 2 June 2026.
Spotlight | Niger Tchiani eases pressure on CNPC after three years of crisis Ethiopia, Senegal From Addis Ababa to Dakar, London treads carefully on G20 Common Framework
The G20 summit in Indonesia, 15 November 2022.
The New Guard | Africa Nigeria, Ethiopia, Kenya Zambia Serbian agribusiness group FPM plots southern African expansion Morocco The businessman driving closer commercial ties between Rabat and Seoul Libya New intelligence chief faces pushback over contested appointment Kenya Renewal of British contingent faces tough talks
British Prime Minister Keir Starmer and Kenyan President William Ruto at the G7 summit in Évian-les-Bains, France, 17 June 2026.
Nigeria Trio of traders turns to courts to maintain fuel imports DRC Government studies proposal to tighten mining sector oversight

Related topics to this article

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