Deloitte

Libya
UN appoints audit firm to review frozen Libyan funds

The United Nations Security Council will shortly appoint the firm responsible for conducting an audit of all banks holding Libyan funds frozen under the 2011 UN sanctions.

Africa
Vista Bank bid for Byblos Bank Europe fails

The banking group founded by Simon Tiemtoré has suffered a setback in its European expansion strategy. Its takeover bid, although well advanced, was ultimately blocked by the board of directors of the Brussels-based institution it sought to acquire.

Kenya
Asahi prepares for next steps in $2.3bn EABL acquisition

Regulators must approve the transfer of Diageo's stake in East African Breweries to the Japanese beer group. Lacking experience in the region, the brewer has turned to advisers and is seeking to recruit senior executives ahead of completing its first deal on the continent.

Madagascar
Businessman Serge Jovial Imbeh courted by the new regime

Colonel Michaël Randrianirina approached former presidential candidate Serge Jovial Imbeh to offer him the role of intermediary between the regime and its Western partners.

Central Africa
EY's French-speaking partners gear up for next chapter

The accounting firm's French-speaking offices are to create an independent network to take over from the British giant when it leaves sub-Saharan Africa, scheduled for April 2026. The future entity will be supported at a technical level by the consultancy and audit firm during this transition.

Cameroon
How Vinka is taking over from PwC in French-speaking Africa

After breaking away from consulting giant PwC, the former partners of the French-speaking Africa branch are getting down to work to ensure the continuity of their contracts with their clients.

Morocco
Mohammed VI's distribution group Optorg continues changes at the top

Laïla Ait el-Mkadem has just been appointed deputy CEO of Al Mada's distribution subsidiary.

Cameroon
Sports minister plays for time in stadium dispute with Canada's Magil Construction

Narcisse Mouelle Kombi has sought to escape new arbitration proceedings brought before the International Chamber of Commerce by builder Magil. His request however has fallen on deaf ears.

The New Guard
Ethiopia, Central African Republic, Tunisia

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

EthiopiaMahlet Afework, the haute couture entrepreneur who's in fashion

Central African RepublicAnge-Gabriel Patassé, government's trusted commander

TunisiaWael Chouchane wants to reconnect Tunis with the EU

Guinea
Despite registry freeze, little-known firm snags bauxite permit

The arrival of Rouge Mining is raising eyebrows in the Guinean copper ore industry. The group has succeeded in obtaining a three-year contract to mine an area in the Télimélé prefecture.

Tanzania
As elections approach, embassies wary of return of surprise tax demands

The diplomatic community in Tanzania has taken up the issue of unannounced tax audits, which hit companies during the last local elections. Yet the tax commission appointed by President Samia Suluhu Hassan, which was supposed to clarify the legal position, has been slow to deliver its conclusions.

The New Guard
South Africa, Morocco, Guinea

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

South AfricaRyan Smith, the Democratic Alliance's rising star

MoroccoHajar Mousannif, artificial intelligence pioneer

GuineaMouctar Bah, promoting financial ties between Africa and Europe

Senegal
Société Générale Sénégal: potential buyers prepare to pounce

After having indicated that they wanted to take control of the Senegalese subsidiary of France's Société Générale banking group, the Senegalese authorities could now backtrack. This opens the door to the possibility of a private sector buyer.

Central Africa
BEAC entrance exam scandal: an ongoing headache for new governor

Yvon Sana Bangui, the economist who has headed the Central African States Central Bank since the start of the year, is looking for a solution to the entrance exam controversy that he inherited from his predecessor Abbas Mahamat Tolli.