Your account has been succesfully created.

EN FR

Spotlight | Africa
World Bank agonises over choice of new CEO for International Finance Corporation

Published on 27.10.2020 at 06:00 GMT Reading time 2 min

World Bank president David Malpass. © Reuters

Four months after the departure of Frenchman Philippe Le Houérou, who had been head of the International Finance Corporation since 2016, World Bank president David Malpass has still not found a new chief executive for the private sector lending institution.

This article may be accessed by subscribers

In order to ensure high-quality and independent journalism, Africa Intelligence relies solely on subscriptions from its readers, with no advertising, no events and no consulting work.

Several offers are available depending on your particular reading needs

Consult our offers

Do you want a free trial before subscribing?

Create your free account

Discover our work by making use of the following possibilities: daily newsletters, a selection of free articles, keyword alerts.

Do you want a free trial before subscribing?

create a free account

Niger
World Bank boss David Malpass to make farewell visit to Niamey

The president of the World Bank David Malpass is expected to travel to Niamey at the end of March where he should meet with the Nigerien head of state Mohamed Bazoum.

Subscribers only Diplomacy 15.03.2023

Kenya
Late tycoon Kirubi's family takes Centum investment fund in hand

The son-in-law of the late businessman Chris Kirubi is taking on a growing role in the management of the fund, which manages a portfolio of about $1bn and is partly owned by the Kenyan state.

Subscribers only Business 25.07.2022

Mali
French firm Eranove still hopeful for Kenié power plant project

The future of the Kenié hydroelectric power station project is still in doubt, nearly seven years after the Malian state signed a concession contract with Eranove.

Subscribers only Energy, Business 15.04.2022

Sierra Leone
World Bank's IFC backs Freetown's quest for mining transparency

The International Finance Corporation is set to help Sierra Leone improve transparency and communications in the extractive sector, in line with the government's ambition to attract more investment.

Subscribers only Mining 12.04.2022

South Africa
With UES liquidated, Absa should recover part of the millions sunk in the Ogies project

Absa Bank has scored a victory in the South African courts. Uwoyela Environmental Services (UES), to which the bank had lent about $3m for an unsuccessful oil project, is to be liquidated

Subscribers only Finance, Energy 14.03.2022

Zimbabwe
Harare calls on Armenian IU Networks to update tax management system

Zimbabwe has called upon Armenian IU Networks, specialised in IT solutions for former Soviet block countries, to design and implement a new system for its revenue authority.

Subscribers only Business 21.02.2022

Guinea
CBG's bauxite blasting in mediator's spotlight

The World Bank's mediation entity is seeking an independent expert to help resolve a dispute between bauxite producer CBG and people living near its mines who are unhappy with the level of compensation paid for damage to their health and livelihoods.

Subscribers only Mining 14.02.2022

Africa
OECD works with World Bank and AfDB to champion fiscal data exchange

The World Bank and the African Development Bank are supporting the recommendations of the OECD on corporate tax evasion.

Subscribers only Business 22.09.2021

Africa
Tycoon Tony Elumelu boosts holding by bringing AFC's ex-chairman on board

By appointing Nigerian financier Andrew Alli as non-executive director of his holding company Heirs, Tony Elumelu has even more chances of attracting investors.

Subscribers only Finance, Business 15.09.2021

Cameroon
Sonatrel plans to use its own technicians for Chad electricity interconnection project

Against the initial advice of the World Bank advice, public sector energy distributor Sonatrel has insisted on involving its own technicians in the project to set up an electricity interconnection between Cameroon and Chad. It is going to have to use outside consultants, however, to handle the financial side of the project.

Subscribers only Energy, Business 20.07.2021

Djibouti, Ethiopia
Addis Ababa and Djibouti about to call for bids for a second interconnection line

State-run electric companies Electricité de Djibouti (EdD) and Ethiopian Electric Power (EEP) recently began looking for a consultant to work on a project to build the second power interconnection line between Ethiopia and Djibouti.

Subscribers only Energy, Business 05.07.2021

Africa
IFC to vote on loans for Axian's Togocom

The Togolese telecom operator is in talks with the International Finance Corporation. Since its 2017 privatisation, shareholders Axian and ECP have been trying to turn it into a regional leader.

Subscribers only Finance, Business 02.07.2021

Tunisia
Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

With Tunisia on the verge of default, Prime Minister Hichem Mechichi has begun talks with Dominique Strauss-Kahn in the hope that the former IMF chief will help him persuade the institution to resume its financial support.

Subscribers only Business 20.04.2021

Benin, Burkina Faso, Niger, Nigeria, Togo
World Bank tries to get Dorsale Nord project into gear

The World Bank plans to fund further studies for the $500m Dorsale Nord interconnector project.

Subscribers only Energy, Business 14.04.2021

Egypt
Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

Egyptian businesswoman Dalia Khorshi, who has worked for the Sawiris' holding company Orascom, set up a new business in Mauritius in mid-March. This venture comes on top of the entrepreneur's secret services investment fund, Eagle Capital, and consultancy in Cairo.

Subscribers only Finance, Business 29.03.2021

Egyptian former investment minister Dalia Khorshid.

In Focus | Tunisia
Tunis tries to defuse its debt bomb to avoid going into default

Tunisia, which has been given an official warning by the IMF and had its credit status downgraded by the ratings agencies, is struggling to cope with an external debt which currently stands at close to 100% of its GDP and is weighing heavily on its finances.

Subscribers only Politics 29.03.2021

Uganda
Mota-Engil sinks deeper in Tororo-Kamdini ordeal

Many obstacles remain before the Portuguese company can resume construction on the Tororo-Kamdini highway, which has been at a standstill for the past year and a half as problems with the Oruja quarry persist.

Subscribers only Infrastructure, Business 26.03.2021

DRC
World Bank takes lead in financing Mwinda fund to electrify rural areas

The Congolese authorities hope to raise $500m to bring electricity to rural areas but none of its financial backers have yet committed to a fixed amount.

Subscribers only Energy, Business 08.02.2021

South Africa
Billionaire Johann Rupert works on his tax strategy

The South African magnate and boss of Switzerland-based Richemont, one of the world's leading luxury goods companies, is a natural target for the tax authorities of his native land, who are looking to increase their returns from extremely wealthy taxpayers.

Subscribers only Business 02.02.2021

South African businessman Johann Rupert.

Ivory Coast
MCA strives to speed up Abidjan transport project

The Millenium Challenge Account Côte d'Ivoire is planning to rehabilitate 32 km of roads and build truck parks at Abijdan's port, so as to make it more competitive with those in Lomé, Tema and Dakar.

Subscribers only Infrastructure, Business 18.01.2021

South Africa
Relocation challenge lies in wait for new AngloGold Ashanti chair

Maria Ramos' arrival as the new chair of AngloGold Ashanti following Sipho Pityana's resignation is the sign of significant changes ahead for the South African gold miner.

Subscribers only Mining 14.12.2020

The new AngloGold Ashanti chair, Maria Ramos.

Mozambique
EDM juggles Temane power plant and power line projects in tandem

The public Electricidade de Moçambique (EDM) is already gearing up for the construction of the Temane 450 MW gas-fired power plant, though works have not yet begun.

Subscribers only Energy, Business 27.11.2020

Ivory Coast
AfDB issues harsh report on Abidjan bridge and road build

The African Development Bank laments the delays in the construction of Abidjan's fourth bridge that is to ease traffic in the country's economic capital.

Subscribers only Infrastructure, Business 03.11.2020

Spotlight | Africa
Candidates queue up for top IFC job

The imminent departure of the chief executive of the International Finance Corporation, the arm of the World Bank that lends to private businesses, has prompted a flurry of interest across the continent, and several high-profile figures have already thrown their hats into the ring.

Subscribers only Finance, Business 18.08.2020

Philippe Le Houérou (left) at the Aid for Trade Global Review in Geneva, July 2019.

Gabon
IFC and AfDB to stump up for Kinguélé aval dam

Having teamed up in the Asonha Energie consortium, France's Meridiam and the Fonds Gabonais d'Investissements Stratégiques are putting the finishing touches to the financial package for their 34 MW dam project.

Subscribers only Energy, Business 10.07.2020

Uganda
IFC still in hot seat over Bujagali dam complaints

The World Bank's Compliance Advisor Ombudsman highlights IFC's delays in responding to labour rights violations during the build of the Dujagali hydropower plant.

Subscribers only Energy, Business 09.06.2020

Somalia
Ali Hassan Khaire searches desperately for fresh funds

The Somali prime minister is using the government's catastrophic economic projections and the expected impact of the Covid-19 pandemic to try to obtain additional international aid

Subscribers only Politics 30.04.2020

Mauritius
IFC turns to Axis Fiduciary and IQ EQ to run its offshore companies

The private-sector finance arm of the World Bank Group has set up numerous companies in Mauritius over recent years. Managed by Axis Fiduciary and IQ EQ Fund Services, these firms manage projects not only in Africa but also in Asia and Latin America.

Subscribers only Finance, Business 04.03.2020

DRC
IFC fails to block scheme to restructure Tiger Resources' debt

The international finance institution's request to have a scheme to turn around Tiger's finances stayed has been rejected.

Subscribers only Mining 14.01.2020

On our other sites

Richemont and LVMH battle it out for the name 'Vendôme'

Cartier and Van Cleef, two Richemont group brands, have challenged and partially annulled the agreement concluded in 2021 between Louis Vuitton and the town of Vendôme. The agreement allows the LVMH-owned trunk-maker to use the name of the town, which is the namesake of the Parisian luxury goods epicentre.

Subscribers only Glitz 29.09.2022

James Blake launches new risk management firm

A former security adviser to the International Monetary Fund (IMF) [...]

Subscribers only Corporate Intel Intelligence Online 16.12.2020

Text size

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Ibrahim Traoré

Virtus Minerals

Paul Kagame

Savannah Energy

Denis Sassou-Nguesso

Spotlight | Africa World Bank agonises over choice of new CEO for International Finance Corporation

Four months after the departure of Frenchman Philippe Le Houérou, who had been head of the International Finance Corporation since 2016, World Bank president David Malpass has still not found a new chief executive for the private sector lending institution.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Related topics to this article

Read also

Niger World Bank boss David Malpass to make farewell visit to Niamey

Kenya Late tycoon Kirubi's family takes Centum investment fund in hand

Mali French firm Eranove still hopeful for Kenié power plant project

Sierra Leone World Bank's IFC backs Freetown's quest for mining transparency

South Africa With UES liquidated, Absa should recover part of the millions sunk in the Ogies project

Zimbabwe Harare calls on Armenian IU Networks to update tax management system

Guinea CBG's bauxite blasting in mediator's spotlight

Africa OECD works with World Bank and AfDB to champion fiscal data exchange

Africa Tycoon Tony Elumelu boosts holding by bringing AFC's ex-chairman on board

Cameroon Sonatrel plans to use its own technicians for Chad electricity interconnection project

Djibouti, Ethiopia Addis Ababa and Djibouti about to call for bids for a second interconnection line

Africa IFC to vote on loans for Axian's Togocom

Tunisia Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

Benin, Burkina Faso, Niger, Nigeria, Togo World Bank tries to get Dorsale Nord project into gear

Egypt Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

In Focus | Tunisia Tunis tries to defuse its debt bomb to avoid going into default

Uganda Mota-Engil sinks deeper in Tororo-Kamdini ordeal

DRC World Bank takes lead in financing Mwinda fund to electrify rural areas

South Africa Billionaire Johann Rupert works on his tax strategy

Ivory Coast MCA strives to speed up Abidjan transport project

South Africa Relocation challenge lies in wait for new AngloGold Ashanti chair

Mozambique EDM juggles Temane power plant and power line projects in tandem

Ivory Coast AfDB issues harsh report on Abidjan bridge and road build

Spotlight | Africa Candidates queue up for top IFC job

Gabon IFC and AfDB to stump up for Kinguélé aval dam

Uganda IFC still in hot seat over Bujagali dam complaints

Somalia Ali Hassan Khaire searches desperately for fresh funds

Mauritius IFC turns to Axis Fiduciary and IQ EQ to run its offshore companies

DRC IFC fails to block scheme to restructure Tiger Resources' debt

Richemont and LVMH battle it out for the name 'Vendôme'

James Blake launches new risk management firm

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Spotlight | Africa
World Bank agonises over choice of new CEO for International Finance Corporation

Niger
World Bank boss David Malpass to make farewell visit to Niamey

Kenya
Late tycoon Kirubi's family takes Centum investment fund in hand

Mali
French firm Eranove still hopeful for Kenié power plant project

Sierra Leone
World Bank's IFC backs Freetown's quest for mining transparency

South Africa
With UES liquidated, Absa should recover part of the millions sunk in the Ogies project

Zimbabwe
Harare calls on Armenian IU Networks to update tax management system

Guinea
CBG's bauxite blasting in mediator's spotlight

Africa
OECD works with World Bank and AfDB to champion fiscal data exchange

Africa
Tycoon Tony Elumelu boosts holding by bringing AFC's ex-chairman on board

Cameroon
Sonatrel plans to use its own technicians for Chad electricity interconnection project

Djibouti, Ethiopia
Addis Ababa and Djibouti about to call for bids for a second interconnection line

Africa
IFC to vote on loans for Axian's Togocom

Tunisia
Mechichi talks with Dominique Strauss-Kahn ahead of crunch IMF meet

Benin, Burkina Faso, Niger, Nigeria, Togo
World Bank tries to get Dorsale Nord project into gear

Egypt
Former minister Dalia Khorshid takes root in Mauritius with new consultancy business

In Focus | Tunisia
Tunis tries to defuse its debt bomb to avoid going into default

Uganda
Mota-Engil sinks deeper in Tororo-Kamdini ordeal

DRC
World Bank takes lead in financing Mwinda fund to electrify rural areas

South Africa
Billionaire Johann Rupert works on his tax strategy

Ivory Coast
MCA strives to speed up Abidjan transport project

South Africa
Relocation challenge lies in wait for new AngloGold Ashanti chair

Mozambique
EDM juggles Temane power plant and power line projects in tandem

Ivory Coast
AfDB issues harsh report on Abidjan bridge and road build

Spotlight | Africa
Candidates queue up for top IFC job

Gabon
IFC and AfDB to stump up for Kinguélé aval dam

Uganda
IFC still in hot seat over Bujagali dam complaints

Somalia
Ali Hassan Khaire searches desperately for fresh funds

Mauritius
IFC turns to Axis Fiduciary and IQ EQ to run its offshore companies

DRC
IFC fails to block scheme to restructure Tiger Resources' debt