African Development Bank

The New Guard
Cameroon, Sierra Leone, Togo, DRC

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

CameroonAbdoulaye Mouchili, the new face of KPMG in Central Africa

Sierra LeoneDavid Sengeh, Julius Maada Bio's right-hand man aiming for the presidency

Togo, DRCManuel Ntumba, the data governance expert

Cameroon
Kribi launches its €795m industrial zone after lengthy talks

The project is part of an industrialisation strategy aimed at backing processing units at the deep-water port of Kribi, the main access to the sea for landlocked countries in Central Africa, such as Chad and CAR.

Congo
Defence and security think tank set up in Brazzaville

The CAS-RC think tan has been set up as part of the country's drive to strengthen its digital capabilities and will begin it's first workshops in May.

Africa
Giorgia Meloni's Mattei Plan challenged by the opposition

Two years after the much-heralded announcement of €5.5bn in Italian investment on the continent, the programme's disappointing results are causing political opponents to grit their teeth.

Africa
International Development Finance Club's chair makes moves on BADEA

Re-elected as head of the IDFC, the Beninese Serge Ekué is trying to convince his counterpart at the Arab Bank for Economic Development in Africa to join the ranks of the network of public lenders.

The New Guard
Libya, Morocco, Rwanda

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

LIBYAOsama Dbeibeh, the PM's cousin, has a new goal: a career in the beautiful game

RwandaClarisse Iribagiza, putting tech at the service of development

MoroccoAmine Mazzen, a leading voice in continental football

Ethiopia
AfDB invites Finance Minister Ahmed Shide to London

The Ethiopian finance minister is due in the British capital on 15 and 16 December for the 17th replenishment of the African Development Bank's concessional window, the African Development Fund.

Niger
Prime minister holds talks with IMF boss in Washington

On 3 December, Niger Prime Minister Ali Lamine Zeine held lengthy talks in Washington with the IMF's managing director, Kristalina Georgieva.

Ivory Coast
Singapore firm JB Cocoa's reset on Abidjan processing factory

Instead of a capacity of 50,000 tonnes, as initially announced in 2022, JB Cocoa, led by Tey How Keong, has settled for a grinding capacity of 35,000 tonnes.

Ivory Coast
CNPS fund in talks to increase stake in Eranove power plant

Private sector pension fund Caisse Nationale de Prévoyance Sociale has entered into negotiations with French group Eranove in order to double its stake in the Atinkou thermal power plant near Jacqueville.

Ivory Coast
Ouattara gets ready to launch several sovereign funds

Freshly re-elected for a fourth term, the president is speeding up the creation of an arsenal of financial vehicles designed to support the State's strategic investments.

Africa
The AfDB reforms its concessional fund weeks from its closure

Faced with a possible drop-off in contributions, the bank is being forced into a root-and-branch reform of the African Development Fund. It is likely to make fewer donations to high-risk countries, instead granting loans under very favourable conditions.

Burundi, DRC, Rwanda
US takes over from French Development Agency in Ruzizi III dam project

The Trump administration's economic and political interest in this project constitutes a financial risk within the framework of the eastern DRC peace agreements.