Author: Editor

Kapital Afrik intends to deliver strategic financial information to executives and managers, through a daily newsletter and a website that covers all African finance.

At the end of the meeting of heads of state of the Economic Community of Central Africa (CEMAC), held October 25 in N’Djamena (Chad), a smile, tense certainly, was the rule. Devaluation is not among the main measures taken on the sidelines of this crucial meeting. On the other hand, the coercive spirit of the extraordinary meeting of December 2016, marked, one remembers, by a kind of setting of the CEMAC Zone under provisional administration of the IMF, has not yet disappeared. Clearly, the watchword remains the continued stabilization of foreign exchange reserves. In this context, States insisted, inter alia,…

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Always attached to the values ​​of entrepreneurship and creativity, the ISM Group launches two incubators in January 2019 to enable innovative projects to develop. Hosted within the ISM these structures that will provide aspiring entrepreneurs with benefit from a favorable environment and the necessary support to live and sustain their business creation project, with training at the key! > ISM Incub ‘and IESA Incub’, accelerator of entrepreneurs! ISM Incub ‘will allow young entrepreneurs from various but still innovative fields (digital, agriculture, management, services, Tech & IT, social …) to develop serenely. IESA Incub ‘is the accelerator of cultural entrepreneurship launched…

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The Crédit Agricole Group of Morocco (CAM) has raised 500 million dirhams (50 million euros) subordinated issue with institutional investors, reports the daily L’Economiste. The operation was subscribed 6.7 times, which shows a high level of confidence in the quality of the management and the business plan. The quality of the fundamentals is important for this successful release. Indeed, the bank specializing in the financing of agriculture has achieved a 12% increase in its net profit (390 million dirhams or 39 million euros) at the end of the first half of 2018. In its strategic plan, the bank counts reach…

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Airtel Africa announced Wednesday, October 24 a fund raising of $ 1.25 billion from six international investors. In its statement, released yesterday, the company said that the Japanese SoftBank Group, the US Warburg Pincus SingTel and Singapore and Temasek Holdings were part of the tour de table. Raghunath Mandava, Africa Managing Director of Bharti Airtel, quoted in the note above, “highlights the confidence of the world’s leading investors in Ateltel Africa’s successful business strategy and ability to support growth and profitability” . Specifically, the fundraising resulted in the subscription of a new issue of shares, which will result in a…

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Atlantic Microfinance For Africa (AMIFA), subsidiary of the BCP Group, and International Finance Corporation (IFC), a member of the World Bank Group, concluded on Wednesday, October 24, 2018, a partnership for an assistance and consulting agreement with a total budget of $ 1.4 million. On this occasion, a signing ceremony was held at the headquarters of the BCP between Mr. Kamal MOKDAD, General Manager in charge of International within the BCP group, and Mr. Riadh NAOUAR, IFC Manager in charge of Financial Sector Advisory Services for the Middle East and Africa region. This agreement will enable AMIFA to strengthen, in…

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The Senegalese Water (Sde) is no longer in charge of the production and distribution of drinking water in urban and peri-urban Senegal. The Eranove subsidiary, which has been managing this lease contract since 1996, has been ousted by Suez as part of an international call for bids. The allocation notified on October 23 by a provisional opinion of the Ministry of Hydraulics and Sanitation opens a period of negotiations between this group and the State of Senegal. For its part, SDE intends to appeal within 5 days. The other unfortunate bidder, Veolia, already fired in Gabon, abstains for the moment…

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By Mohamed KADERGUELI, CEO Sahel Investment Partners The purpose of this article is to analyze, in the African context, the Diaspora Bonds (Diaspora Bonds) as an innovative instrument for financing development, fiscal stabilization and balance of payments support. Since 2014, the fall in commodity prices on world markets has highlighted the structural weakness of African economies. It weighed on current and government revenue as well as national currencies, and created inflationary pressures. In addition, the recession of industrial economies reduces the exports of African economies, limits direct investment and increases risks. Africa had the lowest growth rate of the…

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The Africa Trade Forum 2018, hosted by Nigeria’s Ministry of Industry, Trade and Investment, and co-organised by the United Nations Economic Commission for Africa (ECA), The Rockefeller Foundation, and the African Union Commission (AUC), is set to take place on 2-3 November, 2018 in Lagos. The Forum will bring together stakeholders from across the continent, from political and governance spheres, the private sector and entrepreneurs, philanthropies, academia, researchers, and development partners, to discuss the process for realizing the African Continental Free Trade Area (AfCFTA). The AfCFTA was signed in March 2018 by 44 African countries and, if ratified, will become…

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The Republic of Seychelles has launched the world’s first sovereign blue bond-a pioneering financial instrument designed to support sustainable marine and fisheries projects. The bond, which raised US$15 million from international investors, demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. The World Bank assisted in developing the blue bond and reaching out to the three investors:Calvert Impact Capital, Nuveen, and Prudential. “We are honored to be the first nation to pioneer such a novel financing instrument. The blue bond, which is part of an initiative that combines public and private investment to mobilize…

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The Federation of National Associations of Charter Brokers and Maritime Agents (FONASBA) held, on Friday, October 19, 2018 in the city of Cancún in Mexico, its Annual General Meeting. At the end of this meeting Mr. Aziz Mantrach, was elected president of the federation for the next three years (2018-2021). FONASBA has been working since 1969, supervising the profession and defending the interests of international shipping agents. The Federation of National Associations of Charter Brokers and Maritime Agents (FONASBA) held, on Friday, October 19, 2018 in the city of Cancún in Mexico, its Annual General Meeting. At the end of…

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Chicago IL USA – Impact fund manager Equator Capital Partners LLC announced the first investment from its new ShoreCap III, LP fund in MFS Africa. MFS Africa is a leading PanAfrican fintech company, operating the largest digital payments “hub” on the continent. The MFS Hub is connected to over 170 million mobile wallets in Sub-Saharan Africa, offering exceptional reach for financial services providers. Investment terms were not disclosed. Financial technology applications by Microfinance and Micro insurance companies, SME Banks, leasing companies, and housing finance companies give rise to a strong set of new investment opportunities across the continent. Franklin Kennedy,…

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The Government of Seychelles committed today at the Our Ocean Conference 2018 in Bali to host the International Secretariat of the Fisheries Transparency Initiative (FiTI), starting April 2019.   The 5th Our Ocean Conference, hosted by the Government of the Republic of Indonesia, brought together more than 5,000 participants from countries across the globe, including governments, commercial sectors, financing entities, scientific communities, civil society organizations, and young leaders. The Fisheries Transparency Initiative (FiTI) is a global multi-stakeholder initiative which increases transparency and participation for a more sustainable management of marine fisheries. Through its global standard, the FiTI sets clear requirements of…

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By Nassrallah Belkhayate, reporter Covering an area of ​​53,789 km2, or 7.6% of Moroccan territory, the Souss Massa region is home to two prefectures, four provinces, 154 rural communes and 21 municipalities. Its population is 2,676,847. The region has many natural resources, including fertile land, large forest areas (argan, cedar, oak, etc.), fish reserves, attractive tourist sites and mineral deposits (silver, manganese, barite, iron and gold ). “Despite a dry climate, reads in – the Conjoncture -, one of the main economic sectors of the region is agriculture which totals a useful surface of 616 500 hectares of which 30%…

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