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.
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.
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.
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.
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.
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.
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.
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.
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.