MTN to downsize in Africa in 2023
Telecomms giant MTN has mandated the South African bank Absa for the sale of some of its smaller operations in Africa. The financial services company has already started evaluating several of these assets.
DR Congo's foreign affairs minister Christophe Lutundula signed a contract in December 2021 for the delivery of 167 vehicles to embassies around the world. The deal was awarded to Sada Motors, a company in which the finance minister's brother Nicola Kazadi is a minority shareholder.
On 24 November, Morocco's industry minister Ryad Mezzour is expected to make his first trip to Africa since his appointment last month, when he replaced Moulay Hafid Elalamy. Mezzour will attend the DRC Africa Business Forum instead of Mohammed VI who had been invited by President Felix Tshisekedi.
After breaking off its alliance with Moroccan royal holding Al Mada earlier this year, Caterpillar machinery distributor in Africa JA Delmas is in talks with ex-banker Jean-Luc Konan's Compagnie Financière Africaine (Cofina) over opening up its capital.
Hakim Boutehra, director of the new European automobile giant's Maghreb activities, will start the job facing an explosive law suit in Tunisia with Citroën and a blocked factory in Oran for Peugeot amid a brewing diplomatic crisis between France and Algeria.