Archives

Africa
Afreximbank, the 'oil companies' bank', refuses to give up on black gold

Afreximbank is being pressured by its Western partners to move away from financing fossil fuel projects. The pan-African lender is nevertheless working on the creation of a new bank entirely dedicated to the sector, even if the plan faces many obstacles.

The New Guard
Burkina Faso, Kenya, DRCongo

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Burkina Faso Roland Yago, the financier ranking West African banks

Kenya Shikoh Kihika, an 'artivist' fighting tribalism

DRC Eric Mukuma, afterlife and environmental entrepreneur

Cameroon, Equatorial Guinea
Chevron in the clear to develop Yoyo and Yolanda fields

The US major Chevron will finally be able to work on exploiting the gas fields discovered by Noble Energy near the borders of Equatorial Guinea and Cameroon.

Africa
IMF ready to pay out first $20bn in SDRs to AfDB

The African Development bank should receive $20bn in IMF SDRs in the coming months, as part of a pledge made in 2021 during the Covid-19 crisis by rich nations to reallocate the equivalent of $100bn in SDRs to African countries.

Senegal
Broker Thierno Ba chooses Belgrade to supply gendarmerie

Businessman and close friend to Senegalese President Macky Sall, Thierno Ndom Ba just ordered 20 light armoured vehicles from state-run Serbian conglomerate Yugoimport for the gendarmerie.

Kenya
Ruto's plan to retake control of chamber of commerce and industry

The Kenyan president is pushing one of his closest allies to take over the leadership of the private sector's leading forum. The chamber's outgoing head, Richard Ngatia, is struggling to retain his position.

Somalia
EU provides €5m for humanitarian air links between Mogadishu and Nairobi

The EU will fund air links between Mogadishu and Nairobi, as well as within Somalia, for the next three years in order to maintain its humanitarian aid in the country.

Botswana
Diamond trader HB Antwerp positions itself in Gaborone as alternative to De Beers

HB Antwerp is in talks with the state-owned Okavango Diamond Co over a diamond trade partnership, which the Belgian trader is hoping to show would be more profitable for the Botswana government than its arrangement with sector giant De Beers.

Tunisia
Kaïs Saïed tightens control over new parliament

The president has instructed the speaker of the new Assemblée des Représentants du Peuple, the Tunisian parliament, Brahim Bouderbala, to do away with parliamentary structures that could constitute counter-powers to his increasingly autocratic rule.

Algeria
Boualem Boualem, President Tebboune's super-advisor

The presidential legal advisor's influence over Abdelmadjid Tebboune appears to be growing, to the point of being considered as one of his strategists.