Your account has been succesfully created.

EN FR

Finance

Africa
Fibre network giant Liquid Telecom gets major fundings from the international financial institutions

Liquid Telecom, which is looking to become Africa's leading data centre operator, is relying on the World Bank group's International Finance Corporation to help it refinance its existing debt.

Subscribers only Finance, Business 27.04.2021

Mauritius, Monaco
Monaco firms trust Mauritius despite EU blacklist

On 14 April, the Monaco-based financial expert Filippo Ferrari registered a new firm in Mauritius called Alliance Négoce on behalf of one of his clients.

Subscribers only Finance, Business Running Story - Mauritius' offshore sector 26.04.2021

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Like its Mauritian neighbour, the Seychelles is striving to placate international institutions like the OECD and EU while at the same time preserving its offshore appeal. The latest hurdle to negotiate is the introduction in May of a register of offshore company beneficiaries.

Subscribers only Finance, Business Running Story - Mauritius' offshore sector 23.04.2021

Mauritius
Port-Louis to clamp down on "letterbox company" culture

Engaged in a major charm offensive aimed at the EU, this summer Mauritius plans to enforce a new law requiring companies registered on the island to prove that they have "substantial activities" in the country, but the legislation does recognise holding companies' activities as substantial ones.

Subscribers only Finance, Business Running Story - Mauritius' offshore sector 22.04.2021

Qatar, Tunisia
No helping hand from Emir Al-Thani ahead of Tunisia's fraught IMF meet

Finance minister Ali Kooli's attempt to negotiate a new loan from the Qatar National Bank, with the backing of the Islamist leader Rached Ghannouchi, floundered when Doha set the interest rate at 5.5%.

Subscribers only Finance, Diplomacy 22.04.2021

Rwanda
Arise IIP scouting for industrial zones

Gagan Gupta travelled to Rwanda earlier in April with electric rickshaw company Mauto Electric CEO Mansoor Ali Khan.

Subscribers only Finance, Business 21.04.2021

South Africa
Swiss Re expands its South African business

Now that the South African Reserve Bank has licensed it, the leading reinsurance company Swiss Re has since mid-March been [...]

Subscribers only Finance, Business 16.04.2021

Spotlight | Kenya
Kenyatta remains coy about new loans

The Treasury secretary Ukur Yatani has officially asked the World Bank for further financial assistance, while the IMF has approved a new eurobond. A new loan of $750m has just been announced, but in reality the country hopes to borrow a great deal more than that.

Subscribers only Finance, Politics 15.04.2021

Mauritius
Biden's global minimum tax upsets the offshore apple cart

With his proposed global minimum tax rate, Joe Biden could deprive offshore players in Mauritius of one of their unique selling points.

Free access Finance, Business 15.04.2021

Central African Republic
Troubled SimbCoin founder to open new business in Bangui

Criticised in his home country and by regulation authorities for his cryptocurrency activities, Cameroonian businessman Emile Parfait Simb is looking for a fresh start in business aviation in Central African Republic.

Subscribers only Finance, Business 13.04.2021

Emile Parfait Simb, founder of the cryptocurrency Simbcoin.

South Africa
In last leg of long litigation, Levi's ordered to pay tax on royalties routed via Delaware

The Supreme Court has handed down a landmark judgement that will influence the country's tax authorities in their vast campaign against tax evasion. It ruled that Levi's Jeans must pay tax on part of its royalties transiting through Delaware and its sales commissions going through Singapore and Hong Kong.

Subscribers only Finance, Business 12.04.2021

Seychelles
Victoria strives to please EU and OECD over tax transparency

Wavel Ramkalawan's government plans to shortly amend legislation covering foreign companies, foundations and trusts to meet the tax policy demands of its foreign partners.

Subscribers only Finance, Politics 07.04.2021

South Africa
Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

The Financial Intelligence Centre has reminded accountable institutions that they remain liable for their compliance obligations regardless of any outsourcing arrangements.

Subscribers only Finance, Business 06.04.2021

In Focus | Africa
The many lives of David Salama, go-to offshore specialist for sovereign wealth funds and oligarchs

For more than twenty years, David Salama has been putting his talents as an offshore virtuoso at the service of African states and tycoons active on the continent.

Subscribers only Finance, Business 05.04.2021

Mauritius
Financial services veteran Brendan Jones moves into venture capital with Adansonia

Having sold a Mauritian financial services company to the giant Maitland, South African national Brendon Jones has now set up a mixed entity, which both manages assets and sets up offshore companies.

Subscribers only Finance, Business 05.04.2021

Cape Verde
Government looks to Caixa Geral de Depositos to restructure its debt

As Cape Verde struggles to pay off its creditors, the government led by PM Ulisses Correia is banking on the latest IMF report to allow it to contract new loans.

Subscribers only Finance, Business 01.04.2021

Cape Verde Prime Minister Jose Ulisses Correia e Silva.

Egypt
The man who runs the Suez canal

Suez Canal Authority chairman Adm Osama Mounier Mohamed Rabie oversaw the refloating of the grounded megaship Ever Given. The SCA is backed by the Suez Canal Bank.

Subscribers only Finance, Business 31.03.2021

Admiral Osama Mounier Mohamed Rabie, Chairman of the Suez Canal Authority.

Egypt
Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

Egyptian businesswoman Dalia Khorshi, who has worked for the Sawiris' holding company Orascom, set up a new business in Mauritius in mid-March. This venture comes on top of the entrepreneur's secret services investment fund, Eagle Capital, and consultancy in Cairo.

Subscribers only Finance, Business 29.03.2021

Egyptian former investment minister Dalia Khorshid.

Cape Verde, Europe
Cape Verde plays a delicate game with its European backers

Historically linked to Portugal, one of its main sources of financial support, Cape Verde has also relied on the European Union to buy its Covid-19 vaccines. It is now building bridges with other European countries, such as Luxembourg.

Free access Finance, Business 24.03.2021

Africa
Monaco Resources takes on a new debt to pay back another

To reimburse subscribers to a bond it issued in 2016, Monaco Resources subsidiary Agri Resources decided to issue another. This overlapping loans technique has already been used by the group.

Subscribers only Finance, Business 23.03.2021

The weekly summary

Finance

Don't miss a single headline. Sign up to receive weekly summaries of our coverage of Finance.

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Finance

Africa
Fibre network giant Liquid Telecom gets major fundings from the international financial institutions

Mauritius, Monaco
Monaco firms trust Mauritius despite EU blacklist

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Mauritius
Port-Louis to clamp down on "letterbox company" culture

Qatar, Tunisia
No helping hand from Emir Al-Thani ahead of Tunisia's fraught IMF meet

Rwanda
Arise IIP scouting for industrial zones

South Africa
Swiss Re expands its South African business

Spotlight | Kenya
Kenyatta remains coy about new loans

Mauritius
Biden's global minimum tax upsets the offshore apple cart

Central African Republic
Troubled SimbCoin founder to open new business in Bangui

South Africa
In last leg of long litigation, Levi's ordered to pay tax on royalties routed via Delaware

Seychelles
Victoria strives to please EU and OECD over tax transparency

South Africa
Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

In Focus | Africa
The many lives of David Salama, go-to offshore specialist for sovereign wealth funds and oligarchs

Mauritius
Financial services veteran Brendan Jones moves into venture capital with Adansonia

Cape Verde
Government looks to Caixa Geral de Depositos to restructure its debt

Egypt
The man who runs the Suez canal

Egypt
Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

Cape Verde, Europe
Cape Verde plays a delicate game with its European backers

Africa
Monaco Resources takes on a new debt to pay back another

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Finance

Africa Fibre network giant Liquid Telecom gets major fundings from the international financial institutions

Mauritius, Monaco Monaco firms trust Mauritius despite EU blacklist

Seychelles Register of beneficiaries threatens to blow lid on trust company ownership

Mauritius Port-Louis to clamp down on "letterbox company" culture

Qatar, Tunisia No helping hand from Emir Al-Thani ahead of Tunisia's fraught IMF meet

Rwanda Arise IIP scouting for industrial zones

South Africa Swiss Re expands its South African business

Spotlight | Kenya Kenyatta remains coy about new loans

Mauritius Biden's global minimum tax upsets the offshore apple cart

Central African Republic Troubled SimbCoin founder to open new business in Bangui

South Africa In last leg of long litigation, Levi's ordered to pay tax on royalties routed via Delaware

Seychelles Victoria strives to please EU and OECD over tax transparency

South Africa Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

In Focus | Africa The many lives of David Salama, go-to offshore specialist for sovereign wealth funds and oligarchs

Mauritius Financial services veteran Brendan Jones moves into venture capital with Adansonia

Cape Verde Government looks to Caixa Geral de Depositos to restructure its debt

Egypt The man who runs the Suez canal

Egypt Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

Cape Verde, Europe Cape Verde plays a delicate game with its European backers

Africa Monaco Resources takes on a new debt to pay back another

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Africa
Fibre network giant Liquid Telecom gets major fundings from the international financial institutions

Mauritius, Monaco
Monaco firms trust Mauritius despite EU blacklist

Seychelles
Register of beneficiaries threatens to blow lid on trust company ownership

Mauritius
Port-Louis to clamp down on "letterbox company" culture

Qatar, Tunisia
No helping hand from Emir Al-Thani ahead of Tunisia's fraught IMF meet

Rwanda
Arise IIP scouting for industrial zones

South Africa
Swiss Re expands its South African business

Spotlight | Kenya
Kenyatta remains coy about new loans

Mauritius
Biden's global minimum tax upsets the offshore apple cart

Central African Republic
Troubled SimbCoin founder to open new business in Bangui

South Africa
In last leg of long litigation, Levi's ordered to pay tax on royalties routed via Delaware

Seychelles
Victoria strives to please EU and OECD over tax transparency

South Africa
Outsourcing does not dispense of compliance or anti-laundering obligations, FIC warns

In Focus | Africa
The many lives of David Salama, go-to offshore specialist for sovereign wealth funds and oligarchs

Mauritius
Financial services veteran Brendan Jones moves into venture capital with Adansonia

Cape Verde
Government looks to Caixa Geral de Depositos to restructure its debt

Egypt
The man who runs the Suez canal

Egypt
Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

Cape Verde, Europe
Cape Verde plays a delicate game with its European backers

Africa
Monaco Resources takes on a new debt to pay back another