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FINANCE

Banks, investment funds, offshore finance

Africa Intelligence editorial team deciphers and anticipates commercial bank activities, investment fund schemes and the workings of offshore finance across the African continent.

William Ruto greets NCBA Bank CEO John Gachora as Safaricom CEO Peter Ndegwa looks on after a press conference in Nairobi on 28 September 2022. © Monicah Mwangi/Reuters

Inner circles

KENYA Finance Politics 24/03/2023

Safaricom installs Ruto-friendly management team

AFRICA Finance Energy 22/03/2023

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

Afreximbank president and chairman, Benedict Okey Oramah. © Jennifer Graylock/Sipa USA/Reuters

The New Guard

Finance Politics Business 22/03/2023

BURKINA FASO - Roland Yago, the financier ranking West African banks
KENYA - Shikoh Kihika, an 'artivist' fighting tribalism
DRC - Eric Mukuma, afterlife and environmental entrepreneur

TOGO Finance Diplomacy 20/03/2023

World bank president David Malpass to fly on to Togo after Niamey trip

World Bank President David Malpass, on the 15th of November 2022. © Willy Kurniawan/Pool/Reuters

ETHIOPIA Finance 17/03/2023

Addis lays groundwork for new stock exchange

Addis Ababa wants its stock exchange: The Ethiopian administration is seeking external consultants to assist the newly established Ethiopian Capital Market Authority, tasked with creating a regulatory framework for the country's future stock market.

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Finance

IVORY COAST Finance 14/03/2023

BICICI's new shareholders appoint their Ivorian directors

Each of the BICICI's new Ivorian shareholders has appointed two or three directors to represent it on the bank's newly constituted board.

MOROCCO Finance 13/03/2023

RMA Capital International changes chairman

The resignation of the Moroccan company's chairman Zouheir Bensaid in February has prompted its owner, RMA, to replace him in a number of positions he held in its top management.

ZAMBIA Finance Diplomacy 03/03/2023

Hichilema set to meet Macron in Paris

The French government is currently planning for an official visit to Paris by the Zambian head of state, Hakainde Hichilema.

KENYA Finance 01/03/2023

Crypto champions seek second wind in Kenya Free

Weakened by the collapse of the giant FTX, e-currency trading platforms are hoping for a better reception in Kenya, which has been hit by a shortage of dollars and a decline in the shilling.

IVORY COAST Finance 27/02/2023

Afreximbank picks PR firm Concerto for its Ivory Coast branch

The French PR firm Concerto is set to head up institutional communications and carry out some PR work for Afreximbank's Ivory Coast branch.

KENYA Finance 23/02/2023

World Bank grants extra $117m for education reform

The World Bank has granted additional financing of $117m for the Kenya Primary Education Equity in Learning Program (KPEELP), which is currently being implemented by the Kenya education ministry.

MOROCCO Finance Politics 20/02/2023

Ithmar Capital lobbies European Union

Moroccan investment fund Ithmar Capital joined the EU's transparency register in December 2022 with its sights set on climate policy.

DRC Finance 20/02/2023

Public debt has nearly doubled under Tshisekedi

The DRC's public debt has risen from $5.6bn to $10bn since Felix Tshisekedi came to power four years ago. The number of new projects has increased sharply, while budget arrears have continued to accomulate.

EAST AFRICA Finance Business 20/02/2023

Plot thickens in Helin International money laundering investigation

In a case involving allegedly misappropriated funds from the wealth management fund being investigated in several jurisdictions, it has emerged that Russian-Swiss investor Aleksei Korotaev recently attempted to capture assets from these Helin International accounts, despite being scrutinised by US investigators.

AFRICA Finance 17/02/2023

Hackers spread panic amongst African banks

African banks including Banco Sol & Bank of Africa have been targeted by cyber attacks recently. The hackers have threatened to make their data public, a threat which worries those in power who are clients of the banks.

EGYPT Finance 15/02/2023

Sisi plans fresh green bond issue to finance his infrastructure projects

The Egyptian government is preparing to issue new "green" bonds to finance its sustainable development projects. Although it is still struggling to cope with the repercussions of the war in Ukraine, Egypt is using every possible means to attract foreign investment.

Gates near the Central Business District (CBD), in the New Administrative Capital (NAC) east of Cairo, Egypt, on 15 January 2023.

IVORY COAST Finance 15/02/2023

BNP Paribas pulls out of Ivory Coast

BNP Paribas's management will leave is Ivorian branch Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire (BICICI) on 15 February, after it was purchased by the Ivorian state in September.

LIBYA Finance 15/02/2023

LIA sovereign wealth fund opens mysterious branch in London

The Libyan Investment Authority (LIA) sovereign wealth fund opened a subsidiary in London on 16 January. LIA officials have not commented on the purpose of the subsidiary, which is called the Libyan Foreign Investment Company, or the identity of its directors.

ALGERIA Finance 14/02/2023

Algiers continues to curb access to new foreign banks

As has been the case for the past fifteen years, the annual list of banks approved of by Algiers does not feature any foreign newcomers. The situation, which is down to lack of political will and an uncompetitive business environment, does not look likely to change.

DRC Defence Finance 14/02/2023

M23 rebels force massive rise in DRC military spending

The resurgence of M23 rebels is costing the DR Congo army a fortune in military expenditure. But despite the massive increase in funding - from $459m in 2021, to $700m in 2022 - the Congolese army is failing to subdue the insurgents.

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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

FINANCE

Africa Intelligence editorial team deciphers and anticipates commercial bank activities, investment fund schemes and the workings of offshore finance across the African continent.

Safaricom installs Ruto-friendly management team

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

BURKINA FASO - Roland Yago, the financier ranking West African banks

KENYA - Shikoh Kihika, an 'artivist' fighting tribalism

DRC - Eric Mukuma, afterlife and environmental entrepreneur

World bank president David Malpass to fly on to Togo after Niamey trip

Addis lays groundwork for new stock exchange

Free Articles

Honeywell UOP joins project to resurrect Fezzan refinery

Forestry permit audit in DR Congo poses threat to several industry tycoons

Army supports Suluhu's military diplomacy drive

BICICI's new shareholders appoint their Ivorian directors

RMA Capital International changes chairman

Hichilema set to meet Macron in Paris

Crypto champions seek second wind in Kenya Free

Afreximbank picks PR firm Concerto for its Ivory Coast branch

World Bank grants extra $117m for education reform

Ithmar Capital lobbies European Union

Public debt has nearly doubled under Tshisekedi

Plot thickens in Helin International money laundering investigation

Hackers spread panic amongst African banks

Sisi plans fresh green bond issue to finance his infrastructure projects

BNP Paribas pulls out of Ivory Coast

LIA sovereign wealth fund opens mysterious branch in London

Algiers continues to curb access to new foreign banks

M23 rebels force massive rise in DRC military spending

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Algerian secret services in survival mode in North Mali

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FINANCE

Africa Intelligence editorial team deciphers and anticipates commercial bank activities, investment fund schemes and the workings of offshore finance across the African continent.

Safaricom installs Ruto-friendly management team

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

BURKINA FASO - Roland Yago, the financier ranking West African banks

KENYA - Shikoh Kihika, an 'artivist' fighting tribalism

DRC - Eric Mukuma, afterlife and environmental entrepreneur

World bank president David Malpass to fly on to Togo after Niamey trip

Addis lays groundwork for new stock exchange

Free Articles

Honeywell UOP joins project to resurrect Fezzan refinery

Forestry permit audit in DR Congo poses threat to several industry tycoons

Army supports Suluhu's military diplomacy drive

BICICI's new shareholders appoint their Ivorian directors

RMA Capital International changes chairman

Hichilema set to meet Macron in Paris

Crypto champions seek second wind in Kenya Free

Afreximbank picks PR firm Concerto for its Ivory Coast branch

World Bank grants extra $117m for education reform

Ithmar Capital lobbies European Union

Public debt has nearly doubled under Tshisekedi

Plot thickens in Helin International money laundering investigation

Hackers spread panic amongst African banks

Sisi plans fresh green bond issue to finance his infrastructure projects

BNP Paribas pulls out of Ivory Coast

LIA sovereign wealth fund opens mysterious branch in London

Algiers continues to curb access to new foreign banks

M23 rebels force massive rise in DRC military spending

Refine your search

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: