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.

Jusqu’à présent, les affaires de corruption en Afrique concernent encore d’anciens présidents ou ministres généralement arrêtés lorsqu’ils descendent de l’avion à Londres, Paris ou New York. En plus des saisies de biens mal acquis, il y a les gels de comptes alimentés par l’argent de la corruption qui ne revient qu’exceptionnellement et se répercute à la source. Dans ce marché juteux, les ONG jouent un bon rôle dans l’indexation des États africains. Dans le scénario, nous avons toujours minimisé le rôle des multinationales, ces seigneurs altruistes qui financent la société civile, qui la rejette sur eux avec cette exigence respectueuse…

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The BIDC loan of 50 billion CFA Francs opened for subscription on Monday, May 10, was closed early, in one day. According to exclusive information from Financial Afrik, the order book recorded a record subscription of around 260%, testifying on the one hand to investors’ appetite for fresh paper of good quality, remunerative and with a rather risk profile. weak and, on the other hand, the good structuring proposed by the main arranger, Impaxis Securities assisted by an investment syndicate comprising, as stated by Ababacar Diaw (interview), Coris Bourse as co-arranger and co-head leader and Ecobank Development Corporation (EDC) as…

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The ECOWAS Investment and Development Bank (EBID) launches a Bond Loan of 50 billion CFA Francs ($ 91.5 million) on the financial market of the West African Economic and Monetary Union (UEMOA), May 10 to 24, 2021. This is a great first this year for the BRVM bond compartment, positioned on long-term solicitations. The institution, chaired by the Ghanaian George Agyekum Nana Donkor, thus takes an important step in its new vision centered on the intensification of the mobilization of resources in the service of the financing of the development infrastructures of West Africa. The money mobilized under this loan…

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Dina El Kadry launches the first mortgage intermediation platform in Senegal. Former director of mortgage loans at the CBAO Attijariwafa Bank group, this finance and communications professional wants to facilitate the sometimes restrictive relationship between banks, real estate developers and potential buyers. “In Senegal,” she explains, “the process of acquiring real estate is not well understood by first-time buyers. Buyers often lack reliable information to assess the quality of the property and make the right choice for the mode of financing ”. Also, employees, members of the liberal profession or other categories perfectly eligible for a mortgage are sometimes unaware…

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BADEA and FAO formalized their long-standing partnership by signing a Memorandum of Understanding on the sidelines of the “High Level Dialogue on Africa’s Food: Leadership to Scale Up Successful Innovations”, co-organized the 29 and April 30, 2021 by the African Development Bank (AfDB) and the International Agricultural Development Fund (IFAD) in collaboration with the Forum for Agricultural Research in Africa (FARA) and the Consultative Group for International Agricultural Research (CGIAR). BADEA and FAO have collaborated on many projects in different African countries. But, in the BADEA 2030 strategy, such a convention, signed jointly by the Director-General of the Food and…

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Benin’s Minister of Economy and Finance, Romuald Wadagni, has been appointed Chairman of the Board of Governors of the ECOWAS Investment and Development Bank (EBID). The decision taken on April 23, on the sidelines of the institution’s 19 th Ordinary General Assembly, comes as EBID is on its way to institutional and organizational reforms. The institution, chaired since early 2020 by the Ghanaian George Agyekum Nana Donkor, intends to increase its capacity for resource mobilization, an area in which the Beninese minister has particularly distinguished himself in recent years. The ECOWAS Investment and Development Bank (EBID) is the financial arm…

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Côte d’Ivoire’s EDC Asset Management (EAM) file has not finished revealing its secrets. Two and a half months after Financial Afrik’s investigation, revealing the sanctions taken by the market regulator, namely the CREPMF, against, on the one hand, Paul-Harry Aithnard, CEO of Ecobank Côte d ‘ Ivoire and also, in this capacity, chairman of the board of directors of EAM Cote d’Ivoire, and, on the other hand, Mike Coffi, former director general of EAM, legal maneuvers are underway and other revelations are coming s ‘add to folder. We remember that after the dismissal of Mike Coffi on March 26, 2020,…

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The presentation of the results of the West African subsidiaries of BMCE Bank Of Africa, which took place on April 20 by videoconference, suggests strong resilience overall, albeit with a marked contraction in the profit margin subsidiary by subsidiary. Thus, BOA Benin saw its net income contract to 13 billion FCFA, down 11.3% for a GNP up 9.4%. The leading Beninese bank in terms of loans and deposits saw its general operating expenses increase, induced by non-recurring expenses and the doubling of its cost of risk, which nevertheless remained at a controlled level of 1.3% of outstanding loans. means. Same…

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On the sidelines of the African Venture Capital Association (AVCA) conference, which opened on April 20, 2021 in virtual mode, David Marchick, chief operating officer of the US International Development Finance Corporation (DFC), declared that the United States of America America will increase their investments in Africa. “With the Biden administration, the US International Development Finance Corporation (DFC) will increase its allocations to Africa. The climate is a high priority, and we will increase our activities to support women-led businesses, technology, healthcare and real estate infrastructure. “’We will increase our estimated average annual commitments to Africa by 20% from US…

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Very committed to this project, the Federal Republic of Nigeria has just signed, March 24, 2021, to increase its shares in the capital of AEICORP by $ 18,349,950. Of this amount, $ 10 million is to be disbursed immediately by the NNPC, the national hydrocarbons company. The Republic of Niger was the first country to subscribe to this capital increase for 10 million US dollars. As a reminder, the African Energy Investment Corporation or AEICorp (Africa Energy Investment Corporation) is a development financial institution created on January 26, 2019 following the reform of the APPO Fund; APPO being the Organization…

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Amputated from its North as is the case in all the reports of the Bretton Wood institutions, sub-Saharan Africa will be the region of the world which will post the lowest growth in 2021. This is what the latest IMF report indicates. , published in April 2021 with, it must be said, a pessimism still in place but, we are pleased, attenuated compared to the alarmism of October 2020 of the said organization. According to the IMF, between the southern edge of the Sahara and Cape Town, the GDP contraction was 1.9% in 2020, significantly better than the -3% predicted…

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On March 9, 2021, Moody’s agency upgraded Benin’s rating from B2 to B1. On April 11, this member country of the West African Economic and Monetary Union (UEMOA) held elections which will see President Patrice Talon re-elected in the first round with 86% of the vote. Does the vote marked by the call for a boycott by part of the opposition have an impact on the country’s rating? Here are the answers from Aurelien Mali, vice president of Moody’s and sovereign ratings analyst. What is your comment after the elections in Benin? Are there any consequences on the country’s rating?…

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(1 dollars USD = 9,06 dirhams marocains). Sur l’exercice 2020, BMCE Bank Of Africa affiche une légère hausse de +1% du Produit Net Bancaire consolidé à 14 milliards de dirhams à fin décembre 2020 grâce à la progression de la marge d’intérêt de +5% et du résultat des opérations de marché de +3%. Toutefois, la banque de Ohman Benjelloun subit les contrecoups d’une année 2020 marquée par le Covid-19, avec un Résultat Net Part du Groupe en baisse de -62% s’établissant à 738 millions de dirhams et un recul de -47% du Résultat Net de la Banque à 724 millions…

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From left to right: Lydie Hakizimana, CEO of the Pan African Institute of Mathematical Sciences (AIMS), Rwanda. At the top, Saloua Karkri Belkeziz, President of Inetum Africa (Morocco), Ingrid Marina Swagath Leyoubou (Gabon), Dany Cécile Kanyeba Nyembwe (DRC). In the second row: Djindah Mohamed el Moustapha Bal (Mauritania), Limda Awesso (Togo) and Bamba Maférima M’Bahia (Ivory Coast). Throughout the day of March 8, Financial Afrik will present to you women leaders from different backgrounds and who each represent the face of female emancipation and the progress made on the complex issue of gender equality in the business world. From Saloua…

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