Author: Adama WADE

Publishing Director of Kapital Afrik. In the African economic press for 17 years, Adama Wade had to work in Morocco in several editors. Captain at the Long Course of the Merchant Navy and holder of a Masters in Organizational Communication, Adama Wade has published an essay, "The Myth of Tarzan", which describes the geopolitical complex of Africa.

Chadian financier Abbas Mahamat Tolli has just been endorsed by the heads of state of the Economic Community of Central African States (ECCAS) as a candidate for the presidency of the African Development Bank (AfDB). Here are his impressions in an exclusive interview with Kapital Afrik. The ECCAS has designated you as a candidate for...

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By Adama Wade  In a world where financial markets are increasingly interconnected, Africa is taking a major step forward. On Thursday, November 23, 2024, during the 30th anniversary celebration of the African Securities Exchanges Association (ASEA) in Nairobi, a historic event occurred: for the first time, shares listed on the Nairobi Stock Exchange were traded on the Regional Securities Exchange (BRVM). This moment marked a giant leap in African economic integration. This operation, which took place under the watchful eye of Kenyan President William Samoei Ruto, illustrated the immense potential for collaboration between African financial markets. It was carried out…

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« AIF provides a unique platform for the project developers » For Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) and the Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), this AIF edition in Marrakech is unique as it is focus on value chain. The CEO who represented Islamic Developpement Bank president H.E. Dr. Muhammad Al Jasser, has answered to our questions. How can this Africa Investment Forum (AIF) bring investors together and create great opportunities for the continent? This forum is unique as it focuses on project investment and financing opportunities,…

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By Adama Wade, Marrakech Far from the devastation that followed the deadly earthquake on Saturday, September 9, the wooden, aluminum, and renewable material structures set to house the annual assemblies of the World Bank and IMF have absorbed the shock well. “No significant damage,” said one of the officials responsible for this massive construction site, covering 50 hectares and expected to host 140,000 delegates from 190 countries worldwide. The event is scheduled from October 9 to 15, 2023, at the Bab Ighli site. Over a thousand workers labor daily at this site, adjacent to the old city, the Medina, which has…

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“Our vision is to build a world-class bank and contribute to the financial and economic integration of Africa!” Having taken office in March 2023 as the CEO of the foremost Pan-African banking group, Kenyan banker Jeremy Awori gave an exclusive interview to Financial Afrik. He discussed the outlook for Ecobank Transnational Incorporated (ETI), his top priorities to boost profitability, the situation in specific strategic countries, and the disconnection between the stock price of the group and its fundamentals. Exclusive. You’ve been at the helm of the Ecobank TI Group for a few months, the first Pan-African group by its geographical…

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Head of the U.S. Trade and Development Agency (USTDA), Nigerian-born lawyer Enoh Ebong was among 17 senior U.S. officials who were in Marrakech from July 17-20 2022, on the sidelines of the USA-Africa business meeting. Established in 1992, the USTDA promotes growth in developing countries, while creating American jobs through exports. What conclusions can we draw from this USA-Africa business meeting? The USTDA is a US government agency with a unique dual mission. We are a foreign aid agency that develops high quality sustainable infrastructure in emerging economies overseas. At the same time, we have a mandate to support American…

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The appetite of investors is turned towards renewable energies, Fintechs and high-impact startups. This is what we see through this Focus on investments and exits of private equity funds in Africa produced with data from the African Venture Capital Association (AVCA). Amethis and IFC sell their stake in the Kenyan distributor Naivas to Proparco and DEG Amethis, alongside its partners, DEG, MCB Private Equity and IFC, a member of the World Bank Group, reached an agreement at the end of June 2022 to sell its stake in Naivas International (Mauritius), which owns 100% of the shares of Naivas Limited, a…

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A perfect illustration of the need for African powers to invest in trading and group purchasing to overcome the high cost of living A solemn photo taken on August 1 under the clichés of cameras around the world and a humanitarian cause highlighted. But the Razoni cargo ship, one of the first 5 to leave the port of Odessa thanks to the Russian-Ukrainian treaty obtained under Senegalese-Turkish auspices, has still not reached the port of Beirut. The Ukrainian ambassador stationed in the land of cedars had nevertheless invited the press and prepared the petit fours but had to cancel at…

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While the talks between Ukrainians and Russians, conducted under Senegal-Turkish auspices, have enabled a first shipment of cereals from Odessa, Africa holds its breath and counts the days. The disruption of international supply chains, already weakened by the pandemic, has been compounded by the war in Ukraine creating a snowball effect on food and fertilizer markets, which are interdependent. In June 2022, the number of acutely food insecure people – that is, people whose short-term access to food has reduced to the point of putting their lives and means at risk livelihoods – reached 345 million in 82 countries, according…

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In three years, BNP Paribas will have liquidated its holdings in 8 subsidiaries in Africa excluding Morocco, Algeria and South Africa. In Côte d’Ivoire, the sale process of the Banque internationale pour le commerce et l’industrie de la Côte d’Ivoire (BICICI), a subsidiary of the French group BNP Paribas, is in its final phase. The offer is almost closed. Only one candidate is in the running because of the solidity of its technical and financial offer and the will of the Ivorian State to constitute a large public banking pole. According to our information, it is a consortium made up…

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“Our success is based on strict adherence to the fundamentals of good governance” President of the Republic of Botswana since 2018, Mokgweetsi Masisi was one of the stars of the United States – Africa business summit which took place in Marrakech from July 18 to 21, 2022. At the head of the only African investment grade country ( A3 with Moody’s and BBB+ with S&P Global Ratings), this professor of social sciences has been able to maintain his country’s good reputation with foreign investors and the financial market in general by continuing in the tradition of administrative transparency initiated by…

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