Finance

Nigeria
MBDA and Abuja still mired in Exocet missile deal 30 years on

In October, the European missile manufacturer MBDA and the Nigerian Navy resumed the seemingly endless discussions aimed at reaching a financial agreement over the sale of Exocet missiles that have never been used by the navy.

Spotlight | Mali
Western companies brace for a hit as Bamako launches gold mining audit

The Malian government just launched an audit of the country's gold mining sector. Although the Canadian and Australian companies which dominate the sector are not expecting to be expropriated for the benefit of the Wagner group, they do predict the state will seek a greater share of their revenues.

The New Guard
Uganda, Angola, Zimbabwe, Congo

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

Uganda Proscovia Nabbanja, the prominent national oil company boss.

Angola Manuel Gomes da Conceicao Homem, governor of Lourenço's Luanda aspirations.

Zimbabwe Chief Koti, Harare's tourism strategist.

Congo Michrist Kaba-Mboko, Congolese youth's new champion.

Morocco
Canadian Benoît La Salle plans to shake up Morocco mining sector

The Aya Gold & Silver boss plans to invest $140m to quintuple production at his Zgounder silver mine by 2024. He is continuing his exploration campaigns, hoping to make discoveries that will attract other Canadian juniors to Morocco, as he did in Burkina Faso.

Cameroon, Central Africa
Yaoundé convinces CEMAC to postpone its timber export ban

A ministerial meeting of the Economic and Monetary Community of Central Africa on 28 October decided to postpone indefinitely the introduction of a ban on log exports - a decision demanded particularly by Cameroon.

Mozambique
General Joao Americo Mpfumo adds another brick to mining empire

The former Mozambican air force commander has created a new entity on top of his already large portfolio of gold, ruby and coal permits.

Africa
Alassane Ouattara, Ibrahim Traoré, Faustin-Archange Touadéra, Hamza Abdi Barre, François Perrodo

Intrigues big and small... Every Tuesday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

Egypt
Little sign of progress over $100bn global South adaptation fund

The host country of COP27 has been working hard to try to secure a commitment from global North countries to finance climate change adaptation in the global South. But no preliminary agreement has been reached on this issue, which will be discussed from today.

South Africa
Defence minister spills beans on cost of military missions abroad

Two months after being questioned by an opposition MP, Defence Minister Thandi Modise at last specified the cost of two of the @SANDF_ZA overseas missions.

Tunisia
Francophonie summit programme shapes up

The 38th Francophonie summit bringing together 88 member states and governments from the International Francophonie Organisation, the OIF, will begin, as planned, on 18 November in Djerba in Tunisia.

Tunisia
DP World weighs anchor at Gabès

The Emirati giant wants to create a 30-hectare logistics zone near the Tunisian industrial port and has teamed up for this purpose with Franco-Tunisian businessman Mohamed Ayachi Ajroudi.

The New Guard
Senegal, Egypt and Namibia

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

Senegal Sijh Diagne, former diaspora banker maps out post Covid-19 recovery plan

Egypt Tino Abdellatif Waked, driving Uber's African growth

Namibia Maggy Shino, young advocate for Namibian gas

Egypt Nada El Ahwal, heiress to a shipping logistics empire

Ivory Coast, Mali
Confidential draft agreement on the 49 Ivorian soldiers rejected by Abidjan

The Malian junta sent a draft agreement to the Ivorian presidency at the end of October, which would have led to the release of 46 of the 49 Ivorian soldiers arrested in Bamako in July.

DRC
Qatar Airways Group boss to touch down in Kinshasa

Qatar Airways Group CEO Akbar Al Baker is planning a trip to Kinshasa to finalise the legal terms of a deal for the renovation and management of three airports in the DRC.

Somalia
Cash-strapped PM cuts salaries of ministers, civil servants

Late last month Somali Prime Minister Hamza Abdi Barre requested ministers pay be temporarily cut by 20 percent and civil servants' pay by 5%.

Algeria
Arab League: Saudi business presence in Algiers, but MbS's absence noted

The Saudi delegation to the Arab League summit will include several key figures in the economic field, but will lack the presence of political heavyweights. This is adding to ongoing tension between member states.