Finance

The New Guard
Cameroon, Morocco, Mauritania and CAR

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

CameroonJoel Sikam, an entrepreneur working to boost Younde-Paris trade

MoroccoRachid Ennassiri, an energetic energy transition ministry adviser.

MauritaniaSidi-Mohamed Dhaker, the Central Bank's youth asset.

Central African RepublicMartine Kessy Ekomo-Soignet, the voice of young people in CAR.

South Africa
Pretoria under pressure from FATF for anti-money laundering failings

South Africa could soon be placed under enhanced scrutiny by the international anti-money laundering and counter-terrorism financing organisation. The Ministry of Finance's slow response to the FATF's report has been blamed for this.

Congo
Deutsche Bank and Citigroup get involved in Brazzaville's debt restructuring

The two banks, which specialise in restructuring sovereign debt on the bond markets, are preparing to issue loans on the financial markets for the Congolese state.

DRC
DRC under 'enhanced scrutiny' by FATF due to anti-money laundering failures

The Financial Action Task Force, an intergovernmental body responsible for evaluating anti-money laundering measures, has put the DRC on its grey list. The country risks being placed on the blacklist, on which only North Korea and Iran feature.

Djibouti
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
EU Court of Justice lifts sanctions on LAICO

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

Ivory Coast
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
Senegal, Benin, Kenya, Somalia

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

Gabon
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.

Ivory Coast
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.

DRC
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.