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Finance

South Africa
Offshore tax specialists' mixed reaction to end of ban on loop structures

With "loop structures" no longer illegal in South Africa as of 1 January, the country's major law firms want to regularise their clients' offshore arrangements.

Subscribers only Finance, Business 19.01.2021

Seychelles
Seychelles refinances its debt with marine preservation fund

The President of the Republic of Seychelles, during his speech at the One Planet Summit. © Republic of Seychelles' presidency.

Subscribers only Finance, Diplomacy 18.01.2021

Africa, Switzerland
As Glasenberg retires, Marc Rich's personal assets still structured in Switzerland

Marc Rich, Ivan Glasenberg's mentor. © REUTERS/Gil Cohen Magen

Subscribers only Finance, Business 15.01.2021

Spotlight | Africa, Rwanda
Major players in African finance to set up shop at Kagame's offshore centre in Kigali

The Kigali International Financial Centre is attracting many major law and fiduciary firms already present in Africa to open branch offices there.

Subscribers only Finance, Business Running story - Kagame's diplomacy 14.01.2021

Africa
Accor and Doha launch investment vehicle in Mauritius

Despite the disastrous impact of the Covid-19 pandemic on the tourism industry, Kasada, an African fund spawned by the union of French hotel giant Accor with Qatar, has set up a new funding structure in Mauritius.

Subscribers only Finance, Business 07.01.2021

Congo, Gabon
BGFI boss Henri-Claude Oyima's 'club' format a mixed success

After successfully setting up banking pools in Libreville and Brazzaville to help their governments settle their debt with suppliers, the BGFI chief executive is facing management issues within the bank syndicate he set up in Congo.

Subscribers only Finance, Politics 05.01.2021

Ivory Coast
Rothschild tasked with setting up Ouattara's sovereign fund

Currently without a sovereign fund, for several years Ivory Coast has been using various pension funds for its strategic investments. Newly elected for a third presidential term, Alassane Ouattara has asked Rothschild bank to furnish the country with the financial instrument it is lacking.

Subscribers only Finance, Business 24.12.2020

Morocco
Axa and CFG Bank join forces in Casablanca

The Moroccan office of French insurance company Axa established a new trust on October 19th entitled AXA Perspective, deposited at and managed by CFG Bank.

Subscribers only Finance, Business 24.12.2020

Seychelles
Offshore finance sector keen to get back into regulators' good books

The Seychelles has made a little progress in money laundering oversight.

Subscribers only Finance, Business 23.12.2020

Africa
Kaberuka wants Africa to secure Covid vaccines with its own means

The former AfDB boss and now banking consultant Donald Kaberuka believes African countries should pay for their Covid-19 vaccines via Afreximbank, led by Benedict Oramah, rather than depend on international hand-outs.

Subscribers only Finance, Business 22.12.2020

Algeria
Agrifood: AfricInvest hungry for Sobco's Palmary biscuits

Now that it is no longer tied up in the struggling drinks firm NCA Rouiba, the Tunisian private equity company AfricInvest is keen for a slice of the fast-growing biscuit manufacturer Sobco.

Subscribers only Finance, Business 22.12.2020

Africa
Leading wealth manager Maitland promotes offshore trusts in face of wobbly rand

Amidst the uncertainties of the rand, many of South Africa's wealthiest are fearful for their assets, and the consultancy giant Maitland has been vaunting the offshore trusts that it can register for them in various financial hubs.

Free access Finance, Business 18.12.2020

Morocco
In Marrakesh, Karim Benabdelkader moves from Zynecoin virtual currency to bricks and mortar

Karim Benabdelkader, the founder of Zynecoin, is focusing his investments on a property company that is now owned by a brand-new holding company.

Subscribers only Finance, Business 18.12.2020

West Africa
Adovelande and Derreumaux help Finactu to design its strategy

Finactu, the financial advisory popular in French-speaking Africa, has brought in three African finance experts to hone its strategy. Two of these new "independent members" - former BOAD president Christian Adovelande and Bank of Africa founder Paul Derreumaux - know the consultancy well.

Subscribers only Finance, Business 18.12.2020

Christian Adovelande, chairman of the West African Development Bank (BOAD).

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

By making the extension of its moratorium on sovereign debt in October conditional on beneficiary countries treating all their lenders with parity, the G20 has opened up fresh opportunities for advisory banks and law firms.

Subscribers only Finance, Business 18.12.2020

Kenya, Rwanda, Uganda
Co-operative Bank targets Kigali and Kampala

The Kenyan banking sector giant, the Co-operative Bank, is counting on the assistance of neighbouring presidents Yoweri Museveni and Paul Kagame to revive its plans for regional expansion and become one of the small circle of Kenyan banks operating abroad.

Subscribers only Finance, Business 17.12.2020

Morocco
Upline and Attijari secretly structure Mohammed VI's investment fund

Finance Minister Mohamed Benchaâboun has secretly instructed his favourite investment banks, Upline Corporate Finance and Attijari Corporate Finance, to structure the €4bn Mohammed VI Investment Fund which aims to revive Morocco's economy in the wake of the Covid-19 pandemic.

Subscribers only Finance, Business 17.12.2020

Mohamed Benchaâboun, Moroccan Finance Minister.

West Africa
Insurance giant Prudential's African path points towards Orabank

After buying the West African firm Beneficial last year, the British insurer is considering taking a share in another of the region's banking and insurance companies, Orabank.

Subscribers only Finance, Business 17.12.2020

Seychelles
Seychelles flushes out fakes to please OECD

The development of the Seychelles financial centre has become a windfall for operators that use false certificates to cover their tracks. Reliant on international institutions' blessing of its financial sector, the government was recently scolded over this by an OECD peer review.

Subscribers only Finance, Business 16.12.2020

In Focus | Africa, Russia
Russia's BPC group aims to tighten its grip on African banks' e-money systems

As mobile payment continues to develop rapidly in Africa, one of the groups best positioned to take advantage of the boom is a little known company operating out of Switzerland, Dubai and Russia. BPC Banking Technologies is one of the pearls of Russian technology like anti-virus producer Kaspersky and, although it is officially private, it has the backing of Russia's leading state-owned bank.

Subscribers only Finance, Business 14.12.2020

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Finance

South Africa
Offshore tax specialists' mixed reaction to end of ban on loop structures

Seychelles
Seychelles refinances its debt with marine preservation fund

Africa, Switzerland
As Glasenberg retires, Marc Rich's personal assets still structured in Switzerland

Spotlight | Africa, Rwanda
Major players in African finance to set up shop at Kagame's offshore centre in Kigali

Africa
Accor and Doha launch investment vehicle in Mauritius

Congo, Gabon
BGFI boss Henri-Claude Oyima's 'club' format a mixed success

Ivory Coast
Rothschild tasked with setting up Ouattara's sovereign fund

Morocco
Axa and CFG Bank join forces in Casablanca

Seychelles
Offshore finance sector keen to get back into regulators' good books

Africa
Kaberuka wants Africa to secure Covid vaccines with its own means

Algeria
Agrifood: AfricInvest hungry for Sobco's Palmary biscuits

Africa
Leading wealth manager Maitland promotes offshore trusts in face of wobbly rand

Morocco
In Marrakesh, Karim Benabdelkader moves from Zynecoin virtual currency to bricks and mortar

West Africa
Adovelande and Derreumaux help Finactu to design its strategy

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

Kenya, Rwanda, Uganda
Co-operative Bank targets Kigali and Kampala

Morocco
Upline and Attijari secretly structure Mohammed VI's investment fund

West Africa
Insurance giant Prudential's African path points towards Orabank

Seychelles
Seychelles flushes out fakes to please OECD

In Focus | Africa, Russia
Russia's BPC group aims to tighten its grip on African banks' e-money systems

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Patrice Talon

TotalEnergies

Yoweri Museveni

Xi Jinping

Michaël Randrianirina

Finance

South Africa Offshore tax specialists' mixed reaction to end of ban on loop structures

Seychelles Seychelles refinances its debt with marine preservation fund

Africa, Switzerland As Glasenberg retires, Marc Rich's personal assets still structured in Switzerland

Spotlight | Africa, Rwanda Major players in African finance to set up shop at Kagame's offshore centre in Kigali

Africa Accor and Doha launch investment vehicle in Mauritius

Congo, Gabon BGFI boss Henri-Claude Oyima's 'club' format a mixed success

Ivory Coast Rothschild tasked with setting up Ouattara's sovereign fund

Morocco Axa and CFG Bank join forces in Casablanca

Seychelles Offshore finance sector keen to get back into regulators' good books

Africa Kaberuka wants Africa to secure Covid vaccines with its own means

Algeria Agrifood: AfricInvest hungry for Sobco's Palmary biscuits

Africa Leading wealth manager Maitland promotes offshore trusts in face of wobbly rand

Morocco In Marrakesh, Karim Benabdelkader moves from Zynecoin virtual currency to bricks and mortar

West Africa Adovelande and Derreumaux help Finactu to design its strategy

West Africa G20 debt moratorium ushers in golden age for sovereign advisor

Kenya, Rwanda, Uganda Co-operative Bank targets Kigali and Kampala

Morocco Upline and Attijari secretly structure Mohammed VI's investment fund

West Africa Insurance giant Prudential's African path points towards Orabank

Seychelles Seychelles flushes out fakes to please OECD

In Focus | Africa, Russia Russia's BPC group aims to tighten its grip on African banks' e-money systems

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

South Africa
Offshore tax specialists' mixed reaction to end of ban on loop structures

Seychelles
Seychelles refinances its debt with marine preservation fund

Africa, Switzerland
As Glasenberg retires, Marc Rich's personal assets still structured in Switzerland

Spotlight | Africa, Rwanda
Major players in African finance to set up shop at Kagame's offshore centre in Kigali

Africa
Accor and Doha launch investment vehicle in Mauritius

Congo, Gabon
BGFI boss Henri-Claude Oyima's 'club' format a mixed success

Ivory Coast
Rothschild tasked with setting up Ouattara's sovereign fund

Morocco
Axa and CFG Bank join forces in Casablanca

Seychelles
Offshore finance sector keen to get back into regulators' good books

Africa
Kaberuka wants Africa to secure Covid vaccines with its own means

Algeria
Agrifood: AfricInvest hungry for Sobco's Palmary biscuits

Africa
Leading wealth manager Maitland promotes offshore trusts in face of wobbly rand

Morocco
In Marrakesh, Karim Benabdelkader moves from Zynecoin virtual currency to bricks and mortar

West Africa
Adovelande and Derreumaux help Finactu to design its strategy

West Africa
G20 debt moratorium ushers in golden age for sovereign advisor

Kenya, Rwanda, Uganda
Co-operative Bank targets Kigali and Kampala

Morocco
Upline and Attijari secretly structure Mohammed VI's investment fund

West Africa
Insurance giant Prudential's African path points towards Orabank

Seychelles
Seychelles flushes out fakes to please OECD

In Focus | Africa, Russia
Russia's BPC group aims to tighten its grip on African banks' e-money systems