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Finance

European Union, Mauritius
Mauritius turns to heavyweight law firm to handle EU allegations

The government of Mauritius has hired the French law firm Bredin Prat to fight its blacklisting by the European Union.

Subscribers only Finance, Business Running Story - Mauritius' offshore sector 26.06.2020

Angola, UAE
Ex-Gemcorp Africa boss building bridges between Dubai and continent

After stepping down as head of Africa for Gemcorp last year, the Portuguese financier Gaspar Lino has kept one foot in the African continent and another in Dubai, where he runs his own financial services firm while managing the African assets of a local sheikh.

Subscribers only Finance, Energy 26.06.2020

Seychelles
Auditors deployed to rehabilitate reputation of financial sector

On 10 June, the government of the Seychelles published a list of companies that have been accredited to certify foreign companies registered in the country for their compliance with international regulations.

Subscribers only Finance, Business 25.06.2020

Tunisia
TFBank tries to reassure France's banking watchdog but still needs fresh capital

The Paris-based, state-owned Tunisian bank is overhauling its management structure and its anti-fraud procedures in an attempt to meet the concerns of France's prudential control authority but still needs to find €19m to comply with legal capital adequacy ratios.

Subscribers only Finance, Business 24.06.2020

Djibouti
Caught between Djibouti and Mogadishu, Salaam African Bank changes hands

The Salaam Group's Djibouti bank often accused of being a little too close to the jihadist insurgents is now controlled by property developer Al-Rayan.

Free access Finance, Business 23.06.2020

Nigeria
Nigerian banking giant AFC struggles to keep expansion plans on course

In the midst of striking up new partnerships with foreign companies such as Olam and seeking new shareholders, the public-private bank Africa Finance Corp has suffered a setback at the hands of Moody's. The poor rating it received in May has been hampering its ambitious expansion plans.

Subscribers only Finance, Business 22.06.2020

West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

For African countries, taking advantage of the G20 moratorium on bilateral debt during the Covid-19 pandemic could lead to unforeseen consequences, especially in terms of their credit ratings. A number of banks and law firms have been guiding them through this financial minefield.

Subscribers only Finance, Business 22.06.2020

Angola, China
Chinese banks at heart of Angolan debt relief talks

The state-run Eximbank of China, China Development Bank and Industrial and Commercial Bank of China are leading the talks on Angola's debt to China.

Subscribers only Finance, Energy 19.06.2020

Mauritius
Private investors shun Mauritius after EU money-laundering red flag

The European Union's shock move to blacklist Mauritius for money-laundering and terrorist financing has sent investors scurrying for other markets, spreading alarm across the island's financial sector. But if private funds are running scared, European public agencies, major clients of the offshore centre, seem less distressed by the Commission's judgment.

Subscribers only Finance, Business 16.06.2020

Libya
Libyan Investment Authority: UN picks EY for hazardous audit job

EY has been entrusted with the vast audit of the Libyan sovereign wealth fund amid an escalating row between the authority's chairman Ali Mahmoud Hassan and prime minister Fayez Sarraj, who would like to see him gone by the end of the month.

Subscribers only Finance, Business 15.06.2020

Zimbabwe
Debt-ridden Harare sends distress signals with new stock exchange

Zimbabwe hopes it will be able to coax multinationals back to the country and inject fresh energy into its mining sector with the opening of a stock market denominated in US dollars, the Victoria Falls Stock Exchange.

Subscribers only Finance, Business 15.06.2020

Africa, Europe, Mauritius
Public PDIG fund hands bulk of renewables activity to private sector

The Private Infrastructure Development Group, a fund owned by six mostly European governments, has closed one of its renewables vehicles. Private sector managers run most of its investments in this field.

Free access Finance, Business 11.06.2020

Spotlight | Nigeria
How Nigeria built a foothold in Saudi Islamic Bank of Development

Nigeria secured additional financing from the Saudi Arabian public finance institution, the Islamic Development Bank, last month. The country has gradually increased its stock in the bank in recent years to now sit as one of its main shareholders.

Subscribers only Finance, Business 09.06.2020

Angola, UAE
Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Sheikh Hamad Al Nahyan has become the new business partner of Angolan financier and ex-minister's son N'Gunu Tiny.

Subscribers only Finance, Energy 05.06.2020

Mozambique
Exim Bank's $4.7bn loan to Total's project on Block One: the inside story

US export promotion agency Exim Bank took seven long years to validate the financing for Total's LNG project in Mozambique. It took no account, however, of US group ExxonMobil, which is involved in Block 4.

Subscribers only Finance, Energy 04.06.2020

DRC
Congo's Kennesy Brouwers joins the virtual gold rush

Congolese businessman Kennesy Brouwers, who is active in the mining sector, has set up a cryptoasset investment company called SQ IXS. Several other operators see virtual currencies as an alternative source of financing, though without much result to date.

Subscribers only Finance, Mining, Business 03.06.2020

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Finance

European Union, Mauritius
Mauritius turns to heavyweight law firm to handle EU allegations

Angola, UAE
Ex-Gemcorp Africa boss building bridges between Dubai and continent

Seychelles
Auditors deployed to rehabilitate reputation of financial sector

Tunisia
TFBank tries to reassure France's banking watchdog but still needs fresh capital

Djibouti
Caught between Djibouti and Mogadishu, Salaam African Bank changes hands

Nigeria
Nigerian banking giant AFC struggles to keep expansion plans on course

West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

Angola, China
Chinese banks at heart of Angolan debt relief talks

Mauritius
Private investors shun Mauritius after EU money-laundering red flag

Libya
Libyan Investment Authority: UN picks EY for hazardous audit job

Zimbabwe
Debt-ridden Harare sends distress signals with new stock exchange

Africa, Europe, Mauritius
Public PDIG fund hands bulk of renewables activity to private sector

Spotlight | Nigeria
How Nigeria built a foothold in Saudi Islamic Bank of Development

Angola, UAE
Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Mozambique
Exim Bank's $4.7bn loan to Total's project on Block One: the inside story

DRC
Congo's Kennesy Brouwers joins the virtual gold rush

Inner Circle | Nigeria
Dantata, Dangote, Indimi: the oligarchs behind billionaire Umaru Mutallab's Jaiz Islamic bank

Mauritius
Port-Louis enlists lobbying firm Avisa to polish its image in Europe

Angola
IMF calls for settlement of overindulgent dos Santos-era loans

Ivory Coast
Nightmarish week for Ivorian customs

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

European Union, Mauritius Mauritius turns to heavyweight law firm to handle EU allegations

Angola, UAE Ex-Gemcorp Africa boss building bridges between Dubai and continent

Seychelles Auditors deployed to rehabilitate reputation of financial sector

Tunisia TFBank tries to reassure France's banking watchdog but still needs fresh capital

Djibouti Caught between Djibouti and Mogadishu, Salaam African Bank changes hands

Nigeria Nigerian banking giant AFC struggles to keep expansion plans on course

West Africa Governments seek guidance on hidden pitfalls of G20 debt moratorium

Angola, China Chinese banks at heart of Angolan debt relief talks

Mauritius Private investors shun Mauritius after EU money-laundering red flag

Libya Libyan Investment Authority: UN picks EY for hazardous audit job

Zimbabwe Debt-ridden Harare sends distress signals with new stock exchange

Africa, Europe, Mauritius Public PDIG fund hands bulk of renewables activity to private sector

Spotlight | Nigeria How Nigeria built a foothold in Saudi Islamic Bank of Development

Angola, UAE Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Mozambique Exim Bank's $4.7bn loan to Total's project on Block One: the inside story

DRC Congo's Kennesy Brouwers joins the virtual gold rush

Inner Circle | Nigeria Dantata, Dangote, Indimi: the oligarchs behind billionaire Umaru Mutallab's Jaiz Islamic bank

Mauritius Port-Louis enlists lobbying firm Avisa to polish its image in Europe

Angola IMF calls for settlement of overindulgent dos Santos-era loans

Ivory Coast Nightmarish week for Ivorian customs

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

European Union, Mauritius
Mauritius turns to heavyweight law firm to handle EU allegations

Angola, UAE
Ex-Gemcorp Africa boss building bridges between Dubai and continent

Seychelles
Auditors deployed to rehabilitate reputation of financial sector

Tunisia
TFBank tries to reassure France's banking watchdog but still needs fresh capital

Djibouti
Caught between Djibouti and Mogadishu, Salaam African Bank changes hands

Nigeria
Nigerian banking giant AFC struggles to keep expansion plans on course

West Africa
Governments seek guidance on hidden pitfalls of G20 debt moratorium

Angola, China
Chinese banks at heart of Angolan debt relief talks

Mauritius
Private investors shun Mauritius after EU money-laundering red flag

Libya
Libyan Investment Authority: UN picks EY for hazardous audit job

Zimbabwe
Debt-ridden Harare sends distress signals with new stock exchange

Africa, Europe, Mauritius
Public PDIG fund hands bulk of renewables activity to private sector

Spotlight | Nigeria
How Nigeria built a foothold in Saudi Islamic Bank of Development

Angola, UAE
Golden boy of Angolan finance N'Gunu Tiny adds Emirati string to his bow

Mozambique
Exim Bank's $4.7bn loan to Total's project on Block One: the inside story

DRC
Congo's Kennesy Brouwers joins the virtual gold rush

Inner Circle | Nigeria
Dantata, Dangote, Indimi: the oligarchs behind billionaire Umaru Mutallab's Jaiz Islamic bank

Mauritius
Port-Louis enlists lobbying firm Avisa to polish its image in Europe

Angola
IMF calls for settlement of overindulgent dos Santos-era loans

Ivory Coast
Nightmarish week for Ivorian customs