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Finance

Madagascar, Mauritius
Mamy Ravatomanga case threatens Mauritius financial rating

The case involving the billionaire detained in Mauritius on suspicion of money laundering could affect the country's next assessment by the Financial Action Task Force, set to take place in 2027.

Subscribers only Finance 20.03.2026

Nigeria, Rwanda
Nigerian tycoon Tony Elumelu bets on Kigali for the continental expansion of his investment bank

Tony Elumelu, owner of United Capital, in Washington on 15 October 2025. © Brendan Smialowski/AFP

Subscribers only Finance 19.03.2026

Cameroon
The courts to examine decisive expert report in Ecobank–Wadivo dispute

After more than two years of legal proceedings, the standoff between the country's eighth‑largest bank and the company founded by Moyo Kamgaing is entering a critical phase. An audit of the alleged wrongdoing is to be examined during a hearing at the Douala court of first instance on 26 March.

Subscribers only Finance 18.03.2026

Africa
From Rodolphe Saadé to Tony Elumelu: Macron's new France-Africa business coalition

Nigerian businessman, Tony Elumelu, and French President Emmanuel Macron in Paris, on 11 March 2026. © X account/Tony Elumelu

Subscribers only Finance, Business, Diplomacy 16.03.2026

DRC
The multi-million-dollar holes in state payroll

Following repeated red flags, President Tshisekedi launched an audit of public sector pay in February. In 2023, the finance watchdog produced a detailed report on the same subject that identified serious irregularities but which apparently led to no action.

Subscribers only Finance, Politics 13.03.2026

Mozambique
Former Credit Suisse employees escape sanction in hidden debt affair

Sentenced in June 2025 to repay several million dollars each to the Russian bank VTBC, two former Credit Suisse colleagues will ultimately avoid this obligation. The two remaining co-defendants, including former finance minister Manuel Chang, will now shoulder the bill.

Subscribers only Finance, Business 12.03.2026

Nigeria
Lagos set to open global finance centre with support from London

Nigeria's economic and financial capital is preparing to launch an international financial centre. To this end, it has received support from TheCityUK, which made its initial recommendations earlier this year.

Subscribers only Finance 11.03.2026

Senegal
Washington gets involved in debt issue

Concerned about Senegal's financial situation, Donald Trump's administration plans to send an envoy shortly in order to discuss the matter with local authorities. The visit comes amid tensions between Dakar and the International Monetary Fund.

Subscribers only Finance 10.03.2026

Senegalese Prime Minister Ousmane Sonko in Rabat, on 26 January 2026.

Cameroon, Congo, Gabon
CEMAC countries meet in Paris amid IMF negotiations

On 17 March 2026, Paris will host the traditional annual tripartite meeting between officials from the French Treasury, the economy and finance ministers of the franc zone countries, representatives of CEMAC and monetary institutions.

Subscribers only Finance 10.03.2026

Central Africa
BEAC changes tactics with mining and oil operators

With foreign exchange reserves dwindling, member states, in the midst of negotiations with the IMF, asked the central bank for progress on the issue of repatriating funds for the rehabilitation of mining and oil sites

Subscribers only Finance, Energy 09.03.2026

Cameroon
Yaoundé arranges financing for Hilton renovation

The fundraising to renovate the capital’s only five‑star hotel, the Yaoundé Hilton, has entered its decisive phase.

Subscribers only Infrastructure, Finance 04.03.2026

Kenya
Kenya Power halts transfer of $680m of assets

The financial position of Kenya's semi-public electricity supplier came under close scrutiny during the country's previous programme with the International Monetary Fund. Now, as its cash flow improves and Nairobi seeks to negotiate a fresh loan, the company is revisiting its plans.

Subscribers only Finance, Energy 03.03.2026

Ivory Coast
US banks show increasing appetite for Ivorian market

American banking institutions are becoming increasingly active in Ivory Coast and are setting up shop over the long term in the area of sovereign debt.

Subscribers only Finance 02.03.2026

West Africa
WAEMU's financial markets authority paralysed

The West African Economic and Monetary Union's capital‑markets regulator has been unable to convene its board.

Subscribers only Finance 27.02.2026

Tanzania
Samia Suluhu plays for time as international aid retreats

The EU will need to reach agreement on the future of the annual action plan for Tanzania, which was suspended after the post-electoral crisis. Pending a positive signal from Dodoma, several Western chancelleries are advocating postponing projects to the World Bank's board of directors.

Subscribers only Finance 26.02.2026

Tanzanian President Samia Suluhu Hassan in Dar es-Salam, on 7 February 2026.

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Finance

Madagascar, Mauritius
Mamy Ravatomanga case threatens Mauritius financial rating

Nigeria, Rwanda
Nigerian tycoon Tony Elumelu bets on Kigali for the continental expansion of his investment bank

Cameroon
The courts to examine decisive expert report in Ecobank–Wadivo dispute

Africa
From Rodolphe Saadé to Tony Elumelu: Macron's new France-Africa business coalition

DRC
The multi-million-dollar holes in state payroll

Mozambique
Former Credit Suisse employees escape sanction in hidden debt affair

Nigeria
Lagos set to open global finance centre with support from London

Senegal
Washington gets involved in debt issue

Cameroon, Congo, Gabon
CEMAC countries meet in Paris amid IMF negotiations

Central Africa
BEAC changes tactics with mining and oil operators

Cameroon
Yaoundé arranges financing for Hilton renovation

Kenya
Kenya Power halts transfer of $680m of assets

Ivory Coast
US banks show increasing appetite for Ivorian market

West Africa
WAEMU's financial markets authority paralysed

Tanzania
Samia Suluhu plays for time as international aid retreats

Ivory Coast
Why the Ivorian president brought forward his eurobond issue

Africa
AfDB president plans to woo French private investors in Paris

Senegal
Paris sends envoy to Dakar to discuss fraught debt issue

Senegal
Doubts reign over Dakar's strategy to escape financial quagmire

South Africa
PetroSA shaken by distributor Tholo Energy's legal defeat to tax authorities

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Finance

Madagascar, Mauritius Mamy Ravatomanga case threatens Mauritius financial rating

Nigeria, Rwanda Nigerian tycoon Tony Elumelu bets on Kigali for the continental expansion of his investment bank

Cameroon The courts to examine decisive expert report in Ecobank–Wadivo dispute

Africa From Rodolphe Saadé to Tony Elumelu: Macron's new France-Africa business coalition

DRC The multi-million-dollar holes in state payroll

Mozambique Former Credit Suisse employees escape sanction in hidden debt affair

Nigeria Lagos set to open global finance centre with support from London

Senegal Washington gets involved in debt issue

Cameroon, Congo, Gabon CEMAC countries meet in Paris amid IMF negotiations

Central Africa BEAC changes tactics with mining and oil operators

Cameroon Yaoundé arranges financing for Hilton renovation

Kenya Kenya Power halts transfer of $680m of assets

Ivory Coast US banks show increasing appetite for Ivorian market

West Africa WAEMU's financial markets authority paralysed

Tanzania Samia Suluhu plays for time as international aid retreats

Ivory Coast Why the Ivorian president brought forward his eurobond issue

Africa AfDB president plans to woo French private investors in Paris

Senegal Paris sends envoy to Dakar to discuss fraught debt issue

Senegal Doubts reign over Dakar's strategy to escape financial quagmire

South Africa PetroSA shaken by distributor Tholo Energy's legal defeat to tax authorities

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Madagascar, Mauritius
Mamy Ravatomanga case threatens Mauritius financial rating

Nigeria, Rwanda
Nigerian tycoon Tony Elumelu bets on Kigali for the continental expansion of his investment bank

Cameroon
The courts to examine decisive expert report in Ecobank–Wadivo dispute

Africa
From Rodolphe Saadé to Tony Elumelu: Macron's new France-Africa business coalition

DRC
The multi-million-dollar holes in state payroll

Mozambique
Former Credit Suisse employees escape sanction in hidden debt affair

Nigeria
Lagos set to open global finance centre with support from London

Senegal
Washington gets involved in debt issue

Cameroon, Congo, Gabon
CEMAC countries meet in Paris amid IMF negotiations

Central Africa
BEAC changes tactics with mining and oil operators

Cameroon
Yaoundé arranges financing for Hilton renovation

Kenya
Kenya Power halts transfer of $680m of assets

Ivory Coast
US banks show increasing appetite for Ivorian market

West Africa
WAEMU's financial markets authority paralysed

Tanzania
Samia Suluhu plays for time as international aid retreats

Ivory Coast
Why the Ivorian president brought forward his eurobond issue

Africa
AfDB president plans to woo French private investors in Paris

Senegal
Paris sends envoy to Dakar to discuss fraught debt issue

Senegal
Doubts reign over Dakar's strategy to escape financial quagmire

South Africa
PetroSA shaken by distributor Tholo Energy's legal defeat to tax authorities