Ernst & Young

Morocco
PwC and RTE International shortlisted for ONEE contract

MOROCCO | Auditing giant PwC and its partner RTE International have been shortlisted for a contract offered by state power firm ONEE.

Africa
EY's highly political report on executives' skills finally debated at AU

The findings of an EY report on management skills of African Union officials will be discussed before 23 June. The AU's efforts to re-hire those who failed the tests will also be discussed.

Libya
Confidential EY report uncovers Libyan Investment Authority shortcomings

A report on the finances of the Libyan sovereign fund by the leading international auditor has found evidence of serious irregularities, including incomplete bank statements and opaque procedures.

West Africa
Gide, Mazars and Titane compete for fibre optics feasibility study

French firms Gide Loyrette Nouel, Mazars and Titane are currently bidding for a feasibility study contract for an extension of Mauritania's backbone, a major project aiming to equip the country with fibre optics.

Gabon
Gabonese Fund for Strategic Investments locks horns with Monaco Resources

The decision by Handling Partner Gabon's board to dismiss its French CEO, Olivier Berni, on 4 May, gives the Gabonese Fund for Strategic Investments greater control of the airfreight company. His departure edges out Monaco Resources Group, which had appointed Berni in 2020.

Egypt, Ethiopia
Egypt and Ethiopia at loggerheads over AU human resources budget

Frosty relations between Addis Ababa and Cairo as a result of the Grand Ethiopian Renaissance Dam project are likely to stall processes in the African Union. The Egyptian head of the budget subcommittee still refuses to agree to a budget increase which would allow staff on temporary contracts, many of whom are Ethiopian, to be given a permanent status.

Africa, Ethiopia
AU seeks to placate Addis after audit finds Ethiopian officials not up to scratch

African Union Commission chairman Moussa Faki Mahamat is seeking to avoid embarrassment for the institution's host country after an audit questioned the skills of around a hundred of its senior officials, most of them Ethiopian.

Africa
South Africa, Seychelles, Comoros and Egypt

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

Morocco
RMA Capital International changes chairman

The resignation of the Moroccan company's chairman Zouheir Bensaid in February has prompted its owner, RMA, to replace him in a number of positions he held in its top management.

The New Guard
The New Guard: Angola, Morocco, Madagascar and Kenya

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

AngolaWalter Pacheco, the rising star of Angolan finance

MoroccoMeryem Rami Yahyaoui, the trade minister's international asset

MadagascarMarie-Christina Kolo, eco-feminist and climate activist in chief

KenyaAngel Mbuthia, Madame President

Africa
Ivory Coast, Gabon, Namibia, Tunisia

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

Ivory Coast
KPMG's Jean-Luc Ruelle to probe Petroci's missing butane

Ivory Coast's leading importer and distributor of cooking gas somehow lost track of several thousand tonnes of its stock earlier this year. One of the word's top auditing firms is now on the case.

Algeria
EY and Deloitte call it a day

Despite being allowed to reopen a few weeks after the authorities obliged them to halt work, the two global auditing giants will put an end to their consulting activities in Algeria. Their competitors KPMG and PwC are not yet concerned.

Congo
Monaco Resources accused of including uncertified figures in its accounts

A minority shareholder in a Monaco Resources Group subsidiary in the DRC has accused the trading and logistics firm of including unaudited and uncertified figures in its accounts.

Kenya
Kenyatta under pressure to shake up Kenya Power yet again

As Kenya's energy minister complains the state utility is taking too long to carry out reforms, its board chair is feeling the heat.

Spotlight | Libya
Washington hatches plan to oversee oil revenues

The United States is hoping to set up a "special oversight committee", itself managed by a private auditing firm, to control the transfer of revenues from the National Oil Corp to Libya's state institutions. At stake is a drop in production sparked by the political row over such transfers.