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Commercial banks, investments funds, fintech, offshore finance...

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

President of the Central African Republic Faustin-Archange Touadera on September 17, 2021, in Bangui. © Barbara Debout/AFP

Spotlight

CENTRAL AFRICAN REPUBLIC Finance Politics 22/06/2022

Bitcoin project splits Touadéra's entourage

DRC Finance Business 09/06/2022

Arise prepares ground for DRC debut Free

In negotiations with Kinshasa to set up in the DRC, the investment fund Arise is deliberating over the location and size of its two industrial and logistics platforms, one dedicated to wood processing and the other to agribusiness. [...]

CENTRAL AFRICA FRANCE Finance Business 08/06/2022

"Congo Hold-up" : France's financial prosecution service has begun investigating the BGFI

Gabon's BGFIBank group is being investigated by the French national financial prosecution service. The investigation concerns "suspect" movements of funds between its subsidiaries in the DRC and France. [...]

IVORY COAST Finance Business 07/06/2022

Ouattara tinkers with BICICI takeover task force

A BICICI bank branch in Abidjan. © Thierry Gouegnon/Reuters

TUNISIA Finance Business 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. [...]

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GABON Infrastructures Finance Business 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. [...]

SpotlightCENTRAL AFRICAN REPUBLIC Finance Politics 10/05/2022

Touadéra banks on bitcoin to avert bankruptcy

After loudly making bitcoin legal tender in CAR, the country's president is expected in Dubai at the end of the week to oversee the launch of a cryptocurrency mining company. The aim is to ensure that civil servants can be paid in July, at a time when state coffers are empty. [...]

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

LIBYA Finance Business 03/05/2022

LIA struggling to maintain income from its London property empire

The Libyan sovereign fund, the LIA, is having to deal with the impact of sanctions imposed on Russia's VTB Bank, which occupies nearly half of its top London office block, as well as the departure of law firm Clyde & Co from another. [...]

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

KENYA Finance Business 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 Finance Business 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. [...]

AFRICA SWITZERLAND 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 Finance 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 Finance Business 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 Finance Business 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 Finance Business 07/04/2022

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FINANCE

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

Bitcoin project splits Touadéra's entourage

Arise prepares ground for DRC debut Free

"Congo Hold-up" : France's financial prosecution service has begun investigating the BGFI

Ouattara tinkers with BICICI takeover task force

Tunis defaults on legal costs to ICSID in BFT case

Free Articles

Cerbair bags security contract with Kenyan intelligence service

Erdogan dispatches diplomats to Addis Ababa ahead of high-profile visit

Musical chairs at top of Perenco

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

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

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Eskom's fate caught up in the clash between Ramaphosa and Mantashe

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FINANCE

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

Bitcoin project splits Touadéra's entourage

Arise prepares ground for DRC debut Free

"Congo Hold-up" : France's financial prosecution service has begun investigating the BGFI

Ouattara tinkers with BICICI takeover task force

Tunis defaults on legal costs to ICSID in BFT case

Free Articles

Cerbair bags security contract with Kenyan intelligence service

Erdogan dispatches diplomats to Addis Ababa ahead of high-profile visit

Musical chairs at top of Perenco

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

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

Refine your search

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: