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BANKING AND FINANCE

TUNISIA Finance 18/05/2022

Tunis defaults on legal costs to ICSID in BFT case

Tunisia has failed to make its final payment to the World Bank arbitration tribunal, which could result in it being ordered to pay several hundred million dollars in compensation to ABCI Investments. Proceedings are unlikely to be suspended. [...]

GABON Road and rail 16/05/2022

Libreville hopes to lure foreign investors with new financial vehicle for major infrastructure projects

On 10 May, Libreville registered in Mauritius the company Inpax Africa, a financial vehicle for foreign investors interested in two major infrastructure works around Gabon's capital. [...]

Spotlight

CENTRAL AFRICAN REPUBLIC Fintech 10/05/2022

Touadéra banks on bitcoin to avert bankruptcy

Central African President Faustin-Archange Touadera. © Michael Brochstein/ZUMA Wire/Alamy Live News

LIBYA Investments funds 03/05/2022

LIA struggling to maintain income from its London property empire

The Russian bank VTB rents four floors of 14 Cornhill, London. © 4k-Clips / Alamy Stock Photo

KENYA Banks 19/04/2022

Bidders flock to take over near-bankrupt Spire Bank

Kenya's distressed Spire Bank has received several takeover offers, including one from a Nigerian family that operates a Singaporean fund registered in the Emirates. [...]

WEST AFRICA Banks 14/04/2022

Burkinabe business leaders in three-way fight for Orabank

Orabank's re-entry into the market has resulted in three Burkina Faso business leaders battling it out to buy the Togo-based regional banking group. [...]

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Banking and finance

AFRICA SWITZERLAND Offshore finance 12/04/2022

Santullo family assets in at least five Swiss banks still frozen amid graft probe

Sericom, the Italian construction group founded by the late Guido Santullo, continues to face legal proceedings in France and Switzerland over allegations of bribery. Earlier this month, Santullo's family conclusively lost a long legal fight to recover some 90bn CFA francs (about $150m) it says Gabon owes it in unpaid invoices. [...]

AFRICA FRANCE Banks 11/04/2022

After BNP, Société Générale ponders sale of African subsidiaries

Having being hit hard by American and European sanctions against Russia, where it owns Rosbank, the French bank Société Générale has, like BNP Paribas, begun to consider a possible withdrawal from Africa. [...]

IVORY COAST Banks 08/04/2022

Ivorian state to make surprise bid for BICICI's sale

Private investors keen to purchase shares in the capital of French bank BNP Paribas's lucrative subsidiary in Ivory Coast, the Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire (BICICI), are readying themselves for battle. [...]

WEST AFRICA Banks 07/04/2022

Bidders face fierce competition for BNP's Ivory Coast subsidiary BICICI

Two West African moguls are poised to make an offer to buy French bank BNP Paribas' lucrative subsidiary in Ivory Coast, the Banque Internationale pour le Commerce et pour l'Industrie de Côte d'Ivoire (BICICI), in what promises to be a bitter battle for its aquisition. [...]

BICICI's headquarters in Abidjan, Ivory Coast. © bicici.com

EGYPT FRANCE Banks 07/04/2022

Thales and Idemia neck-and-neck over €100m banking securities contract

Cairo has taken on the massive task of digitising Egyptian banks and will soon chose a service provider. Two French groups are competing for this €100m contract: Thales and Idemia. [...]

EAST AFRICA Banks 29/03/2022

Kenyatta-backed Kenyan bankers at the forefront of EAC enlargement Free

As DR Congo joins EAC, Kenyan lenders such as Equity Bank and KCB Group hope to conquer new markets in a dynamic region. The Kenyan government is fully behind the banks, but some local players are worried about potential competition. [...]

Equity Group MD & CEO Dr. James Mwangi signs the purchase agreement with BCDC Majority Shareholder Mr. George Forrest. © Twitter @EquityBCDC

CONGO RWANDA Investments funds 29/03/2022

Kagame expected in Brazzaville for talks with Sassou

Rwandan president Paul Kagame is expected in Brazzaville on 10 April to meet with his Congolese counterpart Denis Sassou Nguesso. [...]

TUNISIA Banks 18/03/2022

PwC inherits the ill-fated TFBank privatisation project from CAP Bank

The consulting firm PwC is to look for a strategic partner for TFBank, the Tunisian bank registered in Paris. This highly sensitive task was initially entrusted to CAP Bank. [...]

IVORY COAST Banks 15/03/2022

SAF's unpaid debt now the "Enron" of the cocoa industry

Five years after SAF Cacao went bankrupt, its accumulated €158m in debt owed to 11 banks remains outstanding. The creditors have formed an underwriting banking syndicate but have struggled to mortage SAF's new owner SACC's assets. [...]

Saf cacao, an export firm in San-Pedro, Ivory Coast. © Thierry Gouegnon/Reuters

KENYA TANZANIA Investments funds 15/03/2022

Kenyatta and Suluhu attract Islamic finance

Arabian Peninsula funds are preparing to embace a dynamic Kenyan market and the opening up of Tanzania by Samia Suluhu Hassan. The heads of state of both these African countries recently visited the Gulf. [...]

Tanzanian President Samia Suluhu Hassan with Kenya's President Uhuru Kenyatta. © Twitter/@SpokespersonGoK

Focus AFRICA MOROCCO Banks 14/03/2022

Banking magnate Othman Benjelloun settles his succession in Casablanca and Luxembourg

Othman Benjelloun, chairman and CEO of BMCE Bank of Africa, has completed the reorganisation of his holding company O Capital, with its twin head offices in Morocco and Luxembourg. The handover of his fortune to his heirs has been settled but the future of his bank, the group's flagship, remains uncertain. [...]

BMCE Bank of Africa boss Othman Benjelloun. © David Rodrigues/Story&Brands

SOUTH AFRICA Banks 14/03/2022

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Chad, Togo and Ivory Coast vie for blue helmet contracts

The secret story of Déby clan's links with Nigerian mogul Ali Modu Sheriff

BANKING AND FINANCE

Tunis defaults on legal costs to ICSID in BFT case

Libreville hopes to lure foreign investors with new financial vehicle for major infrastructure projects

Touadéra banks on bitcoin to avert bankruptcy

LIA struggling to maintain income from its London property empire

Bidders flock to take over near-bankrupt Spire Bank

Burkinabe business leaders in three-way fight for Orabank

Free Articles

Malema's Economic Freedom Fighters take aim at French African policy

IGAD struggles to respond to devastating Horn of Africa drought

Andely turns his attention to the debt of public sector companies

Santullo family assets in at least five Swiss banks still frozen amid graft probe

After BNP, Société Générale ponders sale of African subsidiaries

Ivorian state to make surprise bid for BICICI's sale

Bidders face fierce competition for BNP's Ivory Coast subsidiary BICICI

Thales and Idemia neck-and-neck over €100m banking securities contract

Kenyatta-backed Kenyan bankers at the forefront of EAC enlargement Free

Kagame expected in Brazzaville for talks with Sassou

PwC inherits the ill-fated TFBank privatisation project from CAP Bank

SAF's unpaid debt now the "Enron" of the cocoa industry

Kenyatta and Suluhu attract Islamic finance

Banking magnate Othman Benjelloun settles his succession in Casablanca and Luxembourg

With UES liquidated, Absa should recover part of the millions sunk in the Ogies project

Malabo finally gets one over on Cameroonian businessman Yves-Michel Fotso

With millions tied up in Ogies, Absa wants Terry Rosenberg to pay

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Chad, Togo and Ivory Coast vie for blue helmet contracts

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BANKING AND FINANCE

Tunis defaults on legal costs to ICSID in BFT case

Libreville hopes to lure foreign investors with new financial vehicle for major infrastructure projects

Touadéra banks on bitcoin to avert bankruptcy

LIA struggling to maintain income from its London property empire

Bidders flock to take over near-bankrupt Spire Bank

Burkinabe business leaders in three-way fight for Orabank

Free Articles

Malema's Economic Freedom Fighters take aim at French African policy

IGAD struggles to respond to devastating Horn of Africa drought

Andely turns his attention to the debt of public sector companies

Santullo family assets in at least five Swiss banks still frozen amid graft probe

After BNP, Société Générale ponders sale of African subsidiaries

Ivorian state to make surprise bid for BICICI's sale

Bidders face fierce competition for BNP's Ivory Coast subsidiary BICICI

Thales and Idemia neck-and-neck over €100m banking securities contract

Kenyatta-backed Kenyan bankers at the forefront of EAC enlargement Free

Kagame expected in Brazzaville for talks with Sassou

PwC inherits the ill-fated TFBank privatisation project from CAP Bank

SAF's unpaid debt now the "Enron" of the cocoa industry

Kenyatta and Suluhu attract Islamic finance

Banking magnate Othman Benjelloun settles his succession in Casablanca and Luxembourg

With UES liquidated, Absa should recover part of the millions sunk in the Ogies project

Malabo finally gets one over on Cameroonian businessman Yves-Michel Fotso

With millions tied up in Ogies, Absa wants Terry Rosenberg to pay

Refine your search

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: