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AFRICA

Monaco Resources' eventful summer

Already at odds with one of its partners in Guinea, as well as with one of its co-shareholders in Congo, the Monaco Resources group has recently found itself the target of a scathing report sent to all of the group's government partner across Europe and Africa. [...] (374 words)

Issue dated 29/08/2022 Reading time 2 minutes

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Commodity traders

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Aliko Dangote
Axel Fischer
BNP Paribas
Financial Conduct Authority
Ghantoot
Hezbollah
James Keane
Kassim Tajideen
Luc Schwab
Monaco Resources
Ovlas
Ovlas Management
Pascale Mitri-Younes
Patrice Albertini
Sayyu Dantata
WEPA Solutions

Monaco Resources accused of including uncertified figures in its accounts

A minority shareholder in a Monaco Resources Group subsidiary in the DRC has accused the trading and logistics firm of including unaudited and uncertified figures in its accounts.

DJIBOUTI Business 17/05/2022

Monaco businesses swoon over Djibouti

An increasing number of firms from the principality are showing an interest in doing business in the Horn, particularly in the banking and insurance sectors, as well as in the trading of agrifood and raw materials.

President of the Djibouti Chamber of Commerce, Youssouf Moussa Dawaleh, with Executive Director of the Monaco Economic Board, Guillaume Rose, during the 9-10 May 2022 visit,

GUINEA Mining 18/01/2022

Appeal court overturns Monaco Resources asset seizures

Several precautionary measures taken at the end of last year against the Guinean subsidiaries of Monaco Resources in their dispute with construction group MCI were cancelled at the start of January.

AFRICA EUROPE Commodity traders Business 17/01/2022

Monaco Resources under scrutiny from European audit regulators

Britain's audit watchdog is investigating whether the accounts of MRG UK, a British subsidiary of the Monaco Resources group, which is very involved in Africa, have been properly certified. Other European regulators have also debated whether to investigate the conglomerate's bookkeeping.

GUINEA Mining 19/10/2021

UAE's Ghantoot Group authorised to take Monaco Resources to arbitration over bauxite deal

A dispute between Monaco Resources and Ghantoot Group at a Guinean bauxite mine hides another more fundamental conflict over the capital of Société des Bauxites de Guinée. That dispute will need to be dealt with by the International Chamber of Commerce in France.

In Focus

AFRICA Finance Business Document 21/01/2020

Monaco Resources struggles to hide its secrets

In less than 10 years, Monaco Resources has become a major player in African commodities. Until now, it has been quite secretive about its shareholders and the backgrounds of its executives, but is finding it increasingly hard to maintain this stance as it grows in size and is forced to jostle for position on highly competitive markets.

NIGERIA Energy 25/07/2017

MRS' strife forces Sayyu Dantata out the door

The sizeable debt racked up by MRS, to the tune of $200 (65 billion naira), has forced its founder Sayyu

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Aliko Dangote
Axel Fischer
BNP Paribas
Financial Conduct Authority
Ghantoot
Hezbollah
James Keane
Kassim Tajideen
Luc Schwab
Monaco Resources
Ovlas
Ovlas Management
Pascale Mitri-Younes
Patrice Albertini
Sayyu Dantata
WEPA Solutions

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Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

Monaco Resources' eventful summer

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Monaco Resources accused of including uncertified figures in its accounts

Monaco businesses swoon over Djibouti

Appeal court overturns Monaco Resources asset seizures

Monaco Resources under scrutiny from European audit regulators

UAE's Ghantoot Group authorised to take Monaco Resources to arbitration over bauxite deal

Monaco Resources struggles to hide its secrets

MRS' strife forces Sayyu Dantata out the door

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Monaco Resources' eventful summer

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Monaco Resources accused of including uncertified figures in its accounts

Monaco businesses swoon over Djibouti

Appeal court overturns Monaco Resources asset seizures

Monaco Resources under scrutiny from European audit regulators

UAE's Ghantoot Group authorised to take Monaco Resources to arbitration over bauxite deal

Monaco Resources struggles to hide its secrets

MRS' strife forces Sayyu Dantata out the door

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First visit

Contacts

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Indigo Publications also publishes: