Finance

Ivory Coast
BICICI boss hires banker Charles Kié

Chairman Ahmed Cissé has recruited the former Ecobank executive to revamp the strategy of the partly state-owned Banque Internationale pour le Commerce et l'Industrie de Côte d'Ivoire.

Cameroon
Ngoh Ngoh takes gold from Motaze's hands

At Louis-Paul Motaze's expense, the influential secretary general to the president has transferred the management of gold stocks to the consignment and deposits office, which one of Ngoh Ngoh's close allies heads.

Ivory Coast
Ouattara banks on ENI's Baleine field to plug deficit

The Ivorian president is considering using future revenues from the vast oil and gas field as collateral to raise funds, giving the government much-needed cash for its programme of major infrastructure works.

Ivory Coast
Banker Simon Tiemtoré makes final push to take over Oragroup

The Vista boss travelled to Abidjan in late December to resume talks on the takeover of Togo-based bank Oragroup, owned by Emerging Capital Partners.

Libya
Orbis Finances on the hunt for Libyan assets in France

Libya's ex-ambassador in Paris has commissioned the French brokerage firm to trace Libyan assets on French soil.

Kenya
Financial Action Task Force puts Kenyan Treasury in the hot seat

The international Financial Action Task Force on money laundering and terrorism financing will soon make a decision about the reforms made by William Ruto's administration. Kenya could face the financial consequences of being placed on the grey list.

The New Guard
DRC, Libya, Kenya

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

DRC Tania Eyanga, venture capital campaigner

Libya Amal Naaji, champion for women in business

Kenya Stella Agara seeks to rally African youth

Ivory Coast
BNI Finances fires managing director Georgine Codo

Georgine Codo, managing director of BNI Finances, the investment bank of the Banque Nationale d'Investissement group, was quietly sacked in mid-December.

The New Guard
Senegal, South Africa, Uganda

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

SenegalTidjane Deme, Partech Africa's business angel

South AfricaLerato Nkabinde, a CFO with a passion for education

UgandaPiloya Babra Nyeko, NRM's successor in the north

Kenya
World Bank provides $250m to help Kenya make state spending more transparent

President William Ruto's administration has managed to bag more international funding. The World Bank on 29 November approved a $250m credit aimed at improving the Kenyan government's management of state funds.

Angola
Israel Discount Bank opens line of credit for Mitrelli project

The bank is to finance its first public infrastructure project in Angola, spearheaded by the Israeli conglomerate Mitrelli.