Finance

Africa
MPs network steps up fight against illegal financial flows

The African Parliamentary Network on Illicit Financial Flows and Taxation, originally set up as a project by Tax Justice Network Africa, now has 813 members in 46 African countries.

Ivory Coast
Swedish junior Svenska in dire financial straits

Deutsche Bank is understood to be about to seize part of Swedish oil junior Svenska Petroleum's shares.

The New Guard
Ivory Coast, Mauritania, Burundi

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

Ivory CoastAmadou Martial Diallo, the youth card for billboard giant JCDecaux

MauritaniaSidi Mohamed Dhaker, already a central bank heavyweight

BurundiFabrice Kaburugutu, Burundi's representative on the global stage

Uganda
EU-Uganda business platform set to start operating at full speed

The Sustainable Business for Uganda Platform (SB4U), which was officially launched at the Uganda-Europe Business Forum in Kampala in 2020, looks set to finally get a secretariat and staff capable of allowing it to fully function.

Kenya
Family Bank finalises regional expansion plan

Family Bank, which is moving beyond Kenya for the first time, has finalised the schedule and order of countries for its regional expansion.

Cameroon
ECCAS move to Malabo gets behind schedule

The provisional transfer of the headquarters of the Economic Community of Central African States (ECCAS) from Libreville to Malabo, which was decided following the 30 August coup in Gabon, should take place in November.

Libya
Libyan ambassador to Paris rattles French investors

At a meeting organised by the Franco-Arabic Chamber of Commerce, the Libyan ambassador to Paris criticised French investors for being too hesitant to invest in his country.

Tunisia
Could €60m in EU aid snubbed by Tunis still make its way to Tunisian businesses?

Rather than topping up the Tunisian state's coffers, the €60m in budgetary aid that President Kais Saied sent back to the EU could be used to finance technologically innovative Tunisian companies.

Burkina Faso
Junta ups gold royalties to plug deficit

The royalties levied on gold in Burkina Faso are set to rise substantially.

Mauritania
EY and Cadmos go head-to-head over fibre broadband project

Mauritanian minister of digital transformation Mohamed Abdallahi Ould Louly has invited a consortium of French consultancies to submit an offer for the provision of services to help extend the national broadband backbone.

DRC
Law firm Gauvin & Raji to set up shop in Kinshasa

The banking regulations specialist is to open an office in the DRC to assist a Canadian mining equipment firm in establishing itself in the country.

Kenya
Gachagua's coffee reforms leave bitter taste in Mount Kenya

Kenya's deputy president is doing what he can to make up for coffee farmers' loss of financial support from multinational traders. But the public funds recently made available may not be enough to keep producers sweet.

DRC
Asafo & Co bills Gécamines millions in extra fees

Paris law firm Asafo & Co should receive $9m in additional fees for its role advising Congolese state-owned mining company Gécamines in its negotiations with China Molybdenum Co (CMOC).