Finance

Tunisia
Carthage takes close look at how associations are funded

The government will soon introduce a bill to increase monitoring of the financial transactions of associations, which it regularly accuses of serving foreign agendas.

Kenya
Nairobi International Financial Centre strives to make its mark

Kenya's virtual special economic zone is looking to attract more foreign investors by offering them favourable tax arrangements. But it is contending with a complicated political and economic context.

DRC
Embattled Kazadi makes case to Tshisekedi

The finance minister has been summoned by the Congolese president to a meeting with his main accuser, the head of the Inspectorate General of Finances, as part of a judicial investigation into alleged embezzlement.

Angola
Finance Minister Vera Daves de Sousa hires former colleague

The Angolan finance minister just hired an old colleague to work as a consultant at her ministry. President João Lourenço removed him from office in December.

Morocco
Meryem Chami leaves board of royal insurer Agma

Royal holding company Al Mada's insurance and reinsurance arm, Agma, is holding a general meeting on 29 May to bring in a new board member in anticipation of Meryem Chami's departure.

Angola
Lourenço relaunches privatisation of Angola's leading insurance company

João Lourenço has relaunched the partial privatisation of ENSA in the hope of reducing public debt, estimated at 60% of GDP in 2022.

Gabon
Ex-Olam exec linked to carbon credits project

A huge agroforestry project in Haut-Ogooué province is awaiting certification, and the name of Arise boss Gagan Gupta is hovering in the background. The initiative is being closely scrutinised by the junta.

Ivory Coast
Société Générale faces stormy weather in Abidjan

The Ivorian subsidiary of the French banking giant is caught up in a row about the parent group's African future. A number of senior executives are expected to leave Société Générale as a result.

Tunisia
Attijari Bank forced to help OCT fund food staple imports

Tunisia's trade bureau is deeply in debt and has obliged Attijari Bank to help fund food staple imports.

Cameroon
BGFI Cameroun quits EY for KPMG

Put off by the dispute between the former partners of Ernst & Young (EY) in Cameroon, BGFI Cameroun has opted to turn to the competition for its next contract.

The New Guard
Senegal, Morocco, Ethiopia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Senegal Senegalese engineer Frédéric Zanklan takes charge at Eramet company

Morocco Ismael Belkhayat, serial start-upper

Ethiopia Dawit Abebayehu prepares his country's "ESG" strategy