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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. [...]

Published on 29/08/2022 at 05:00 GMT 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

Gabon
Gabonese Fund for Strategic Investments locks horns with Monaco Resources

The decision by Handling Partner Gabon's board to dismiss its French CEO, Olivier Berni, on 4 May, gives the Gabonese Fund for Strategic Investments greater control of the airfreight company. His departure edges out Monaco Resources Group, which had appointed Berni in 2020.

Subscribers only Finance 05.06.2023

Congo
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.

Subscribers only Commodity traders, Business 05.07.2022

Djibouti
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.

Subscribers only Business 17.05.2022

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
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.

Subscribers only Mining 18.01.2022

Africa, Europe
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.

Subscribers only Commodity traders, Business 17.01.2022

Guinea
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.

Subscribers only Mining 19.10.2021

In Focus | Document | Africa
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.

Subscribers only Finance, Business 21.01.2020

Nigeria
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 [...]

Subscribers only Energy 25.07.2017

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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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Africa
Monaco Resources' eventful summer

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Set up email notifications for these topics

Gabon
Gabonese Fund for Strategic Investments locks horns with Monaco Resources

Congo
Monaco Resources accused of including uncertified figures in its accounts

Djibouti
Monaco businesses swoon over Djibouti

Guinea
Appeal court overturns Monaco Resources asset seizures

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

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

In Focus | Document | Africa
Monaco Resources struggles to hide its secrets

Nigeria
MRS' strife forces Sayyu Dantata out the door

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Indigo Publications' websites

Nigeria The latest secrets of a $10bn legal scandal between Abuja and London

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Africa Monaco Resources' eventful summer

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create a free account

Set up email notifications for these topics

Gabon Gabonese Fund for Strategic Investments locks horns with Monaco Resources

Congo Monaco Resources accused of including uncertified figures in its accounts

Djibouti Monaco businesses swoon over Djibouti

Guinea Appeal court overturns Monaco Resources asset seizures

Africa, Europe Monaco Resources under scrutiny from European audit regulators

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

In Focus | Document | Africa Monaco Resources struggles to hide its secrets

Nigeria MRS' strife forces Sayyu Dantata out the door

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
The latest secrets of a $10bn legal scandal between Abuja and London

Cameroon, Central African Republic
Between business and politics, the secrets of Antoine Ndzengue's rise

Africa
Monaco Resources' eventful summer

Gabon
Gabonese Fund for Strategic Investments locks horns with Monaco Resources

Congo
Monaco Resources accused of including uncertified figures in its accounts

Djibouti
Monaco businesses swoon over Djibouti

Guinea
Appeal court overturns Monaco Resources asset seizures

Africa, Europe
Monaco Resources under scrutiny from European audit regulators

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

In Focus | Document | Africa
Monaco Resources struggles to hide its secrets

Nigeria
MRS' strife forces Sayyu Dantata out the door