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Spotlight | Uganda
Double taxation: Museveni's potentially costly blind spot

Finance minister Henry Musasizi.© Facebook/@h.musasizi

Ugandan authorities have created a new income tax for oil companies TotalEnergies and CNOOC, but the new bill does not address the question of double taxation, which may lead to a serious decrease in tax revenue.

Subscribers only Energy

Central Africa

Gabon, Morocco
Marc Kreiker and Kim Oun take on Bongo family business in Morocco

President Ali Bongo and his wife Sylvia Bongo at UNESCO's 75th anniversary, in Paris, France, 12 November 2021.© Twitter/@Sylviabongo

Private banker Marc Kreiker and Gabonese presidential adviser Kim Oun have been appointed directors of two investment funds set up in Casablanca by the brother-in-law of Gabonese President Ali Bongo. Several offshore companies in Tangier could follow.

Subscribers only Finance

Central African Republic, Turkey
Bangui-Ankara rapprochement threatens Fethullah Gulen's school

Presidents Faustin Archange Touadéra and Recep Tayyip Erdogan vowed during a Turkey-Africa summit on 18 December.© Twitter/@tcbestepe_fr

The Galaxy school in Bangui, one of the few in Fethullah Gülen's network not to have closed its doors in Africa, is under fresh pressure after Turkey promised to open an embassy in the Central African capital as part of its push to boost its influence there.

Subscribers only Diplomacy

DRC
Kinshasa bolsters its bid to gain Millenium Challenge Corp aid

The Congolese authorities have contracted Ensight Consulting LLC until the end of September 2022 to support them in their efforts to be eligible for the US Millennium Challenge Corp (MCC) development initiative.

Subscribers only Energy

West Africa

Africa
OIF sets 2022 budget but leaves Djerba summit in suspense

Members states of the club of French-speaking nations have agreed on a €63m budget for 2022. Its foreign ministers are due to meet again next month.

Subscribers only Diplomacy

Ivory Coast
Shareholder row scuppers diamond revival

Transactysglasol's mine, which was supposed to breathe new life into the Ivorian diamond sector, has been shut down after just a few months of operation due to yield problems and amid a dispute between its owners.

Subscribers only Mining

Ivory Coast
RockWinds and Africa Sourcing's spat over €5m cocoa investment bounces back in Paris

The dispute between Matthew Stolz's RockWinds trading company and its former Ivorian partner Africa Sourcing, which is claiming back €5m RockWinds invested in cocoa futures, has already been arbitrated in London but is now the subject of proceedings at a Paris court.

Subscribers only Commodity Traders

Eastern Africa and the Horn

Uganda
Museveni and Paris unite against ADF by boosting security cooperation

Ugandan president Yoweri Museveni with Uganda's French ambassador Jules-Armand Aniambossou and French defence attaché Bertrand de Boisse in Kampala on 12 September 2021.© @KatugaMuseveni

The Ugandan president and the country's French ambassor discussed last month the possibility of boosting their defence cooperation through the training of Uganda's mountain troops. These soldiers play an essential role in the fight against rebel groups in the east of DRC which are destabilising the region.

Subscribers only Defence

Djibouti
Djibouti establishment rattled by end of year drama

On 2 January the president dismissed his chief financial officer, Abdoulkarim Aden Cher, who had been in charge of this portfolio since 2019. The head of state had pinpointed Cher as a source of tension, and prefers to opt for one of his right-hand men.

Subscribers only Politics

Southern Africa and Islands

Mozambique
Italy's Renco launches into power plants

Italian engineering firm Renco, which was involved in the construction of the TotalEnergies base in Afungi, has branched out into the building of power plants by acquiring a new branch at the end of last month, Renco Moz Green

Subscribers only Energy

Portugal, Southern Africa
Portuguese diplomacy's renewal in Africa continues with Luis Brito Câmara

Since 27 December, the Portuguese Ministry of Foreign Affairs' Lusophone and Southern Africa Division has had a new boss: Luis Brito Câmara

Subscribers only Diplomacy

North Africa

Tunisia
Hassan Bedhief, economic adviser to Kaïs Saïed, has handed in his resignation

At the Tunisian presidency, the departures are coming thick and fast. However, the resignation of Hassan Bedhief, economic adviser to Kaïs Saïed, was not supported by head of the cabinet Nadia Akacha.

Subscribers only

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