Finance

Algeria
AXA Algérie shaken by embezzlement probe

Several executives of the insurance giant's Algerian branch have recently been detained or ordered not to leave the country. At issue is the suspected misappropriation of half a million euros.

Ivory Coast
French bank Société Générale speeds up its Ivorian exit

MD Slawomir Krupa hopes the sale of its Ivorian subsidiary can be completed before the presidential election of October 2025.

Ivory Coast
Cotton king Koné Daouda Soukpafolo set to acquire Versus Bank

The Ivorian businessman who heads up EKDS is finalising his bid to buy the state-owned Versus Bank.

Morocco
Egyptian fintech startup Money Fellows set for Moroccan launch

The fintech platform, which offers community lending, is at an advanced stage of negotiations.

The New Guard
Mali, Morocco, Ethiopia

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

Mali Djiby Kebe flies the flag for the Air Afrique collective

Morocco Startupper Jaafar Elalamy plans to boost mobility intelligence

Ethiopia Anteneh Tesfaye Goite, self-taught and committed investor

Tunisia
International investors still getting lost in administrative maze

The planned unification of the country's investment services agencies has not taken place. Although there was growth in foreign investment last year, foreign companies continue to find themselves having to deal with five different bodies.

Ivory Coast
Ouattara tasks Hamed Cissé with developing banking sector strategy

The employers' federation boss will be looking at ways of boosting the sector.

Morocco
Venture capitalist First Circle Capital seeks new business opportunities in Morocco

The US firm is negotiating with retail platforms for neighbourhood shops known as “hanoutes” with a view to expanding its Moroccan portfolio.

Nigeria
Abuja steps up efforts to get off the FATF 'grey list'

Nigeria is eagerly awaiting the next report from the Financial Action Task Force (FATF). Abuja has taken a number of initiatives since it was place on its 'grey list' in February 2023.

Morocco, Senegal
Banque Centrale Populaire aims to develop microcredit business in Senegal

The Senegalese subsidiary of Moroccan microfinance group AMIFA is set to join microcredit platform Sunu Nafa,