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AFRICA 01/04/2020

Coronavirus affords Beijing opportunity to strengthen ties with continent

UGANDA 10/04/2020

Yoweri Museveni plans to boost spending on the SOC, his praetorian guard

By providing for an increase in the presidency's budget, Yoweri Museveni is looking to increase the capacity of the special forces commanded by his son, General Kainerugaba. This presidential guard is a favourite instrument of political influence with his clan. [...]

ZIMBABWE 09/04/2020

Government teams up with Apollo to launch national cryptocurrency

With the Zimbabwe dollar in its death throes, the government is seeking to switch to cryptocurrency. On 19 March it entered into a partnership with the American firm Apollo, which after a number of setbacks is now beginning to find its feet in Africa. Apollo's director for African operations is part of the team of Hong Kong's African Development Funding Group, Apollo's ex-associate in Africa. [...]

CHAD 27/03/2020

The army brings out its Osprea armoured troop carriers against Boko Haram

LIBYA 09/04/2020

ZetAvia, Azee Air, Jenis Air: new companies, same old operators for Haftar's airbridge

Behind the "new" companies operating the air bridge supplying arms and munitions to Khalifa Haftar's forces are operators who have been working for the Libyan National Army (LNA) for years. [...]

MAURITANIA Business circles 10/04/2020

Total pays the price for ExxonMobil's signing bonus largesse

Arrangements made by the US major two years ago set a costly precedent for the French firm's acquisition of offshore blocks C15 and C31. [...]

GUINEA 06/04/2020

Conakry begins iron ore production with Ashapura without waiting for Simandou and Nimba

The Ashapura group is preparing to send a first shipment of iron ore from its mine in southern Guinea to potential buyers in India and China. [...]

LIBERIA Document 24/03/2020

SRG wants to tie in Guinean graphite success in country

Corridors of power

All articles Corridors of power

ALGERIA 02/04/2020

Ourradi and Hanifi take their leave

An era has ended at the Ministry of Energy following the retirements on March 10 of inspector general Youcef Ourradi [...]

DRC 01/04/2020

Who is engineering the rapprochement between Felix Tshisekedi and Paul Kagame?

In a break with the policy of his predecessor Joseph Kabila, Félix Tshisekedi is making unprecedented overtures to his Rwandan counterpart Paul Kagame with the diplomatic help of a select group of loyal allies. [...]

MOZAMBIQUE 31/03/2020

Total and ExxonMobil sound warning bell over security time bomb

The American supermajor is coming up with reasons to delay its final investment decision while Total plays for time. [...]

News In Brief

TUNISIA 02/04/2020

Mounir Ksiksi has a business brain under his ex-officer's hat

BENIN 01/04/2020

Cotonou set to close around a dozen embassies

KENYA 27/03/2020

British army withdraws on health grounds

SUDAN 27/03/2020

Military takes charge of GERD dossier

Although the government of Abdalla Hamdok has sided with Ethiopia on the Nile dam, Sudan's generals are favouring Sisi's camp. [...]

NAMIBIA 24/03/2020

China National Uranium Corp contests local content at Rössing

While it finalised the purchase of a 68.82% stake in the Namibian uranium mine Rössing from Australian mining colossus Rio [...]

All articles Corridors of power

Business circles

All articles Business circles

ALGERIA 02/04/2020

Sonatrach begins clear-out among security contractors

Two months after taking over as head of Sonatrach new chairman and chief executive Toufik Hakkar has started a major review of the contracts awarded to sub-contractors by his predecessor Kamel-Eddine Chikhi. His first act was to break with Secur [...]

MOROCCO 02/04/2020

The ANP quietly restarts work on Lamhiriz's fishing port

On March 28, the National Ports Agency (ANP) published a series of four tender calls for the completion of work [...]

CAMEROON 01/04/2020

Fotso family reenacts Game of Thrones

The death on 20 March at the American Hospital of Paris of the Bamileke oligarch Victor Fotso has precipitated a three-act inheritance war being played out between Paris, Washington and Bandjoun under the watchful gaze of President Paul Biya, who [...]

News In Brief

IVORY COAST 01/04/2020

Cocoa giants forced to allow locals to purchase beans

MAURITANIA 31/03/2020

Tullow Oil waves goodbye after nearly two decades of operations

MOZAMBIQUE 27/03/2020

Taipei's Ann Huang expands her Maputo empire

GABON 01/04/2020

Olam pushes ahead with its withdrawal

Having set up in very short order the holding company Arise P&L, which has taken over its investments in the ports of Gabon, Olam is poised to do likewise in the transport sector. [...]

AFRICA 31/03/2020

Kosmos and Tullow hardest hit by coronavirus

Oil and gas firms are watching in dismay as oil prices drop because of the global coronavirus pandemic (Covid-19). While most majors have large cash reserves at their disposal to weather the storm, two leading names in African oil exploration, [...]

CONGO 31/03/2020

Marine XXI, XXII: who would have been Kosmos' mystery partner?

As we reveal above, it is understood that Kosmos Energy has pulled out of the negotiations for the two offshore [...]

DJIBOUTI 27/03/2020

Nchi Private and Investment Bank - the Russian connection

According to information obtained by the Indian Ocean Newsletter, western intelligence services have been taking an interest for some time in Nchi Private and Investment Bank (NPIB), which was set up in Djibouti in 2016. This very discreet bank was [...]

AFRICA DRC GUINEA 24/03/2020

Alliance of mining expert and lobbyists creates stronghold on continent

American concern Providence Mining has plans to expand its African foothold and has a pool of mining sector veterans within its top management to lead the way. These include lobbyists for the ex-governor of the mineral-rich Katanga province Moïse Katumbi [...]

All articles Business circles

Power brokers

All articles Power brokers

ANGOLA 01/04/2020

Lourenço caught in crossfire between Generals Kianda and Disciplina

The most recent defence committee meeting, which was chaired by President João Lourenço on 25 March, was marked once again [...]

News In Brief

TUNISIA 02/04/2020

Moez Ben Zid returns to investment banking with CAP

LIBYA 02/04/2020

Ali Mahmoud Hassan under pressure as mandate end approaches

MOROCCO 02/04/2020

Ex-Managem mining expert Ali Saquaque sets up in Conakry

NIGERIA 31/03/2020

Covid-19 scuppers Indimi's imminent Okwok deal for Oriental

For a long time, Oriental Energy Resources (OER), founder and chairman Muhammadu Indimi kept a tight lid on his negotiations [...]

KENYA 27/03/2020

Narendra Raval seeks to cement status as market leader

The king of Kenyan cement and boss of Devki Group, Narendra Raval, is aiming to become the sole supplier of [...]

All articles Power brokers

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MOROCCO Business circles 10/04/2020

Coronavirus: Delta Holding's ethanol monopoly nearly cost the country dear

With the coronavirus epidemic still in full flow, Morocco's sole ethanol producer nearly suffered a complete production breakdown, causing a panic in the pharmaceutical sector. [...]

NIGER Defence & Security 10/04/2020

National Guard set to receive a fourth Delair drone

Using French financing, Delair, a small company based in Toulouse in southern France, is developing its exports to the armed forces of the Sahel. [...]

AFRICA FRANCE Banking & Finance 09/04/2020

How BNP Paris is quietly shedding its African liabilities

It's been more than five years since BNP Paribas, in the wake of the $8.9 billion fine imposed in 2014 by the U.S. Department of Justice for doing business with countries under sanctions, gave up its very lucrative oil-backed lending and other high-stakes activities in Africa. [...]

SOUTH AFRICA Power brokers 08/04/2020

Total makes some progress on acquisition of Anadarko assets at last

A second major hurdle has been cleared in the complex process of acquiring the portfolio of the US oil company Anadarko. [...]

IVORY COAST Corridors of power 08/04/2020

Former Credit Suisse head Tidjane Thiam tests his presidential credentials

Officially, Tidjane Thiam is pursuing his career in finance as if nothing else was happening. After having been forced to resign as chief executive of Crédit Suisse in February, he is set to become a director of the Pinault family's Kering luxury goods group at its next general shareholders' meeting, which has been postponed to June 23. [...]

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Consultants and lawyers already winning in Aziz vs Bouamatou war

Exclusive: The financial acrobatics of a government walking a tightrope

A new generation of Karana businessmen are taking over the reins

President Filipe Nyusi’s northern allies on the look-out for good deals

Coronavirus affords Beijing opportunity to strengthen ties with continent

Yoweri Museveni plans to boost spending on the SOC, his praetorian guard

Government teams up with Apollo to launch national cryptocurrency

The army brings out its Osprea armoured troop carriers against Boko Haram

ZetAvia, Azee Air, Jenis Air: new companies, same old operators for Haftar's airbridge

Total pays the price for ExxonMobil's signing bonus largesse

Conakry begins iron ore production with Ashapura without waiting for Simandou and Nimba

SRG wants to tie in Guinean graphite success in country

Focus pieces

Ex-Lazard banker Matthieu Pigasse reinvents himself in Africa

Moscow muscles in as protector of oil firms in Cabo Delgado

Naval Group and Piriou want to set up a shipyard to serve the Moroccan navy

Corridors of power

Ourradi and Hanifi take their leave

Who is engineering the rapprochement between Felix Tshisekedi and Paul Kagame?

Total and ExxonMobil sound warning bell over security time bomb

Mounir Ksiksi has a business brain under his ex-officer's hat

Cotonou set to close around a dozen embassies

British army withdraws on health grounds

Military takes charge of GERD dossier

China National Uranium Corp contests local content at Rössing

Free Articles

Indra and Intrasoft fight for US-funded customs IT contract

Guess what of April 1, 2020

Alassane Ouattara turns pension funds into sovereign wealth fund

Business circles

Sonatrach begins clear-out among security contractors

The ANP quietly restarts work on Lamhiriz's fishing port

Fotso family reenacts Game of Thrones

Cocoa giants forced to allow locals to purchase beans

Tullow Oil waves goodbye after nearly two decades of operations

Taipei's Ann Huang expands her Maputo empire

Olam pushes ahead with its withdrawal

Kosmos and Tullow hardest hit by coronavirus

Marine XXI, XXII: who would have been Kosmos' mystery partner?

Nchi Private and Investment Bank - the Russian connection

Alliance of mining expert and lobbyists creates stronghold on continent

Explore the free section

Power brokers

Lourenço caught in crossfire between Generals Kianda and Disciplina

Moez Ben Zid returns to investment banking with CAP

Ali Mahmoud Hassan under pressure as mandate end approaches

Ex-Managem mining expert Ali Saquaque sets up in Conakry

Covid-19 scuppers Indimi's imminent Okwok deal for Oriental

Narendra Raval seeks to cement status as market leader

On Twitter

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Coronavirus: Delta Holding's ethanol monopoly nearly cost the country dear

National Guard set to receive a fourth Delair drone

How BNP Paris is quietly shedding its African liabilities

Total makes some progress on acquisition of Anadarko assets at last

Former Credit Suisse head Tidjane Thiam tests his presidential credentials

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