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FINANCE

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.

KENYA Finance 05/10/2022

Central bank takes aim at Ruto's financial reforms

President William Ruto speaks during the official opening of the 13th Parliament, in Nairobi, on 29 September 2022. © John Ochieng/Zumapress.com/MaxPPP

DJIBOUTI Finance 04/10/2022

First lady loses key ally in sovereign fund

Neima Hassan Omar, who last year served as interim director of the Fonds souverain de Djibouti, Sovereign (SDF) has been sacked as its financial director. [...]

LIBYA Finance 30/09/2022

EU Court of Justice lifts sanctions on LAICO

On 28 September, the Libyan African Investment Company (LAICO), the [...]

IVORY COAST Finance 29/09/2022

Corruption probe engulfs more banks

An investigation into money laundering involving the Société Générale Côte d'Ivoire, has spread to three other banks in Ivory Coast which are all thought to have been the victim of similar fraudulent schemes. [...]

AFRICA BENIN KENYA SENEGAL SOMALIA Finance Politics Diplomacy 28/09/2022

The New Guard: Senegal, Benin, Kenya, Somalia

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics. This week: Papa Amadou Sarr (Senegal), Schwan Badirou Gafari (Benin), Linet Chepkorir (Kenya), Ahmed Abdisalan Hirsi (Somalia). [...]

GABON Finance 26/09/2022

Dismissed in Libreville in its dispute with Orabank, Titane Constructions turns to the CCJA

For two years, the company Titane Constructions has been seeking compensation after the public auction of a piece of land valued at nearly €20m by the bank Orabank. The matter has been referred to the Ohada Common Court of Justice and Arbitration. [...]

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IVORY COAST Finance 22/09/2022

NSIA Banque sells head office to Plateau city council for €21m

The pan-African banking group NSIA Banque, founded by the Ivorian businessman Jean Kacou Diagou has decided to sell its headquarters in Abidjan's administrative and business district, Plateau, to the city council led by Jacques Ehouo. [...]

IVORY COAST Finance 15/09/2022

Ouattara could win his bet on sale of BNP

The consortium of BNI, CGRAE, CNPS and Caisse des dépôts is in pole position to buy BNP subsidiary BICICI for close to FCFA 80 billion. [...]

Ivory Coast's President Alassane Ouattara, at the Presidential Palace in Abidjan, Ivory Coast, 21 April 2022.

MOROCCO Finance 12/09/2022

MP Chaouki buys AD Capital from Emirati owner EIIC

Emirates International Investment Co, a fund linked to Abu Dhabi's ruling family, has sold its Moroccan asset management company AD Capital to Mohamed Chaouki, who is already manager of the firm. This RNI MP is close to Prime Minister Aziz Akhannouch. [...]

DRC Finance Diplomacy 12/09/2022

Kinshasa gets no help with PRECOP27 funding

International donors have turned down DRC's appeal for financial support for the PRECOP 27, believing that the planned budget was unrealistic. [...]

BURKINA FASO Finance Mining Business 09/09/2022

Néré Mining rocked by shareholders' dispute

After the Karma gold mine was raided once again by attackers on 20 August, forcing owner Néré Mining to temporarily halt its extraction operations, the firm's deputy managing director Stefan Maré was fired by its co-founders Grégory Quérel and Elie Justin Ouédraogo. [...]

MOROCCO Finance 08/09/2022

After AGMA, Rachida Benabdallah moves to Paris to join Attijariwafa Bank and her ambassador husband

Ex-Agma boss Rachida Benabdellah has joined the board of Attijariwafa Bank Europe in Paris, which allows her to join her Moroccan ambassador husband Mohamed Benchaâboun in the French capital. [...]

IVORY COAST Finance 07/09/2022

Money laundering investigation rocks Ivorian banking sector

The Ivorian economic and financial criminal division has for several months been investigating suspected money laundering, amounting to nearly 52 billion CFA francs. The case is as spectacular as it is far-reaching, with Société Générale being the most threatened. [...]

IVORY COAST Finance 31/08/2022

Charles Kié's SBNA consortium fails to buy CGRAE's shares of Orabank

Led by Ivorian banker Charles Kié and former AfDB president Donald Kaberuka, the SNBA joint venture has failed to wrap up the takeover of the Caisse générale des agents de l'Etat's (CGRAE) shares in the Orabank group. [...]

EGYPT RUSSIA Finance Business 29/08/2022

Cairo poised to adopt alternative Russian payment system to sidestep sanctions

Following the invasion of Ukraine and ensuing sanctions on Moscow, Visa and Mastercard bank cards issued in Russia no longer work outside the country. In order to keep attracting Russian tourists despite this ban, Egyptian banks have decided to take on the former's payment system, Mir. [...]

SpotlightAFRICA Finance Energy 17/08/2022

Afreximbank, Standard Bank and French banks among last financiers of hydrocarbons in Africa

More and more banks, caught between the hammer of oil companies and the anvil of NGOs, are turning their backs on fossil fuel projects in Africa. Only a handful are still showing support for the sector. [...]

SUDAN Finance Politics 26/07/2022

Former finance minister Hiba Ahmed takes over as head of Islamic Development Fund

After her short spell as Sudan's finance minister from 2020 to 2021, former World Bank analyst Hiba Ahmed is returning to the world of international finance institutions. [...]

DRC UNITED STATES ISRAEL Finance 25/07/2022

Dan Gertler under FBI investigation

U.S. authorities are investigating possible circumvention of the sanctions they have put in place against mining magnate Dan Gertler in DRC. Dan Gertler claims he knows nothing about these investigations and has complied with the sanctions. [...]

NORTH AFRICA Finance 20/07/2022

Maghreb Union's BMICE bank seeks raison d'être

Despite limited means and a governance paralysed by political rivalry, the Maghreb Bank for Investment and Foreign Trade is hoping to develop its activities. It is considering opening its capital to new partners and is increasing cooperation with international funders. [...]

CONGO Finance Politics 01/07/2022

Rothschild lends Brazzaville helping hand with its debts Free

The advisory bank Rothschild is supporting the Congolese government in the refinancing of its debts with a variety of traders, totalling over a billion dollars. Negotiations with the IMF are meanwhile being taken care of by the prime minister's advisers with the help of the Ivorian banker Ibrahim Magessa. [...]

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Abiy Ahmed builds tailored security strategy to fight Oromia rebels

Senator Morozov, Moscow's go-to PR rep in Africa for Putin, Russian business and the FSB

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.

Central bank takes aim at Ruto's financial reforms

First lady loses key ally in sovereign fund

EU Court of Justice lifts sanctions on LAICO

Corruption probe engulfs more banks

The New Guard: Senegal, Benin, Kenya, Somalia

Dismissed in Libreville in its dispute with Orabank, Titane Constructions turns to the CCJA

Free Articles

Shell moves into African renewables with Daystar Power

Rio Tinto plays Maputo off against Antananarivo

Ructions over appointment of new AU legal counsel

NSIA Banque sells head office to Plateau city council for €21m

Ouattara could win his bet on sale of BNP

MP Chaouki buys AD Capital from Emirati owner EIIC

Kinshasa gets no help with PRECOP27 funding

Néré Mining rocked by shareholders' dispute

After AGMA, Rachida Benabdallah moves to Paris to join Attijariwafa Bank and her ambassador husband

Money laundering investigation rocks Ivorian banking sector

Charles Kié's SBNA consortium fails to buy CGRAE's shares of Orabank

Cairo poised to adopt alternative Russian payment system to sidestep sanctions

Afreximbank, Standard Bank and French banks among last financiers of hydrocarbons in Africa

Former finance minister Hiba Ahmed takes over as head of Islamic Development Fund

Dan Gertler under FBI investigation

Maghreb Union's BMICE bank seeks raison d'être

Rothschild lends Brazzaville helping hand with its debts Free

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Abiy Ahmed builds tailored security strategy to fight Oromia rebels

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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.

Central bank takes aim at Ruto's financial reforms

First lady loses key ally in sovereign fund

EU Court of Justice lifts sanctions on LAICO

Corruption probe engulfs more banks

The New Guard: Senegal, Benin, Kenya, Somalia

Dismissed in Libreville in its dispute with Orabank, Titane Constructions turns to the CCJA

Free Articles

Shell moves into African renewables with Daystar Power

Rio Tinto plays Maputo off against Antananarivo

Ructions over appointment of new AU legal counsel

NSIA Banque sells head office to Plateau city council for €21m

Ouattara could win his bet on sale of BNP

MP Chaouki buys AD Capital from Emirati owner EIIC

Kinshasa gets no help with PRECOP27 funding

Néré Mining rocked by shareholders' dispute

After AGMA, Rachida Benabdallah moves to Paris to join Attijariwafa Bank and her ambassador husband

Money laundering investigation rocks Ivorian banking sector

Charles Kié's SBNA consortium fails to buy CGRAE's shares of Orabank

Cairo poised to adopt alternative Russian payment system to sidestep sanctions

Afreximbank, Standard Bank and French banks among last financiers of hydrocarbons in Africa

Former finance minister Hiba Ahmed takes over as head of Islamic Development Fund

Dan Gertler under FBI investigation

Maghreb Union's BMICE bank seeks raison d'être

Rothschild lends Brazzaville helping hand with its debts Free

Refine your search

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: