Finance

The New Guard
Ivory Coast, Chad, South Africa and Somaliland

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

Ivory CoastKen Kakena, Congolese fintech expert of Abidjan.

ChadMamadou Djimtebaye, N'Djamena's go-to spin doctor.

South AfricaNobuhle Pamela Nkabane, the energy ministry's bright young spark.

SomalilandMohamed Ahmed's charm offensive in Addis Ababa.

Mali
Spain's Swiftair starts flying for MINUSMA

The Spanish company Swiftair began flying missions at the end of May for the UN peacekeeping mission in Mali, MINUSMA, whose mandate has just been extended for a year by the Security Council.

Spotlight | South Africa, UAE
Pretoria drags heels over Gupta brothers extradition

Atul Gupta and brother Rajesh, the alleged masterminds of state capture during Zuma's presidency who were arrested in Dubai on 2 June, are to be extradited to South Africa but Pretoria is not being very cooperative as the focus shifts to the upcoming ANC conference.

Uganda
TotalEnergies and CNOOC finally see funds flowing for East Africa pipeline

European investors have never warmed to the Uganda-Tanzania oil pipeline project, but South African Standard Bank is signing on.

Zambia
National mining company ZCCM-IH increasing efforts to target cement market

In addition to supplying cement manufacturers with limestone, state-run ZCCM-IH is looking into building a new gypsum factory, another component of cement, as part of its strategy to diversify beyond copper.

Chad, Egypt
Chad opposition figure Tom Erdimi still detained in Cairo

The fate of Tom Erdimi, one of the leading opponents of the Déby family who has been imprisoned for over a year in Egypt, is a source of concern to parts of the Zaghawa community in N'Djamena.

Kenya
KCB Bank looks to bounce back after painful change of leadership

Kenya's largest bank in terms of financial assets is hoping for a new lease of life following the departure of its CEO. But the issue of annual bonuses has caused ructions in-house, where there is much debate about the difficulties being experienced by KCB internationally.

Mali, United States
MINUSMA in firing line of US Congress

Following a series of allegations of human rights abuses committed by the Forces armées maliennes (FAMa) within the context of their collaboration with the Russian paramilitary outfit Wagner, members of the US Senate Committee on Foreign Relations have since March been pondering their stance towards the United Nations mission in Mali, MINUSMA.

Morocco
Himma launches part two of national broadcasting's big shake-up

SNRT will soon complete its takeover of the cash-strapped 2M and Medi 1 TV channels in a move that gives Mohammed VI's adviser, Fouad Ali El Himma, a means to distance his rival, the king's private secretary Mounir El Majidi, from the sector.

Chad
Paris to give €15m to Chad

France will release €15m to a cash-strapped Chad next month.

Libya
Libya Holdings faces major Turkish competition over operation Misrata port

Libya Holdings, founded by Ahmed Mostafa Ben Halim, is in negotiations with the Misrata Free Zone to operate part of its port, yet its offers have so far been rejected.