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.

By John Chiahemen (dailyasset.ng) It must be music to the ears of anyone interested in the rapid growth and industrialisation of Africa’s economies. In just three years since its take-off with a mandate to mobilise public and private sector finance to build Africa’s all-important infrastructure, the Africa50 fund has gathered momentum, with a growing portfolio of projects and capital base. At its third General Shareholders meeting in Nairobi on July 19, Kenya announced a doubling of its shareholding to $100 million, boosting Africa50’s committed capital to close to $1 billion. Its medium-term target is $3 billion, tapping into the global…

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The quick passage of a law on factoring in Nigeria is a crucial step in facilitating the ease of doing business and procuring the trust of investors in the country, guests heard recently during a public hearing held at the National Assembly in Abuja. Speaking during the Public Hearing on the Factoring Bill, Jones Onyereri, Chairman of the House of Representatives Banking and Currency Committee, said that the introduction of factoring in the financial sector would serve as complementary financing to conventional financing and will largely target micro, small and medium enterprises (MSMEs). “This will facilitate the provision of cash…

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Some 8 million Malians were called to the polls on Sunday (July 29th) for a first round of presidential elections against 24 candidates including President Ibrahima Boubacar Keita, known as IBK. Due to the de facto division of the country between North and South and the chaotic situation in the center, the vote did not take place in 644 offices, and was disrupted in 3 988, says Mohamed Ag Erlaf, the Minister of Territorial Administration. Well before the poll, which was held in 23,000 polling stations, the opposition had expressed concerns about the voter registration and the risk of fraud.…

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Several heads of state of the Economic Community of West African States (ECOWAS) and the Economic Community of Central African States (ECCAS), representing alone 500 million Africans, have converged since yesterday in Lomé, the Togolese capital. They take part in the joint summit on peace, security, radicalization and violent extremism, initiated by Faure Gnassingbé. Announced since April 2018 by the UN Regional Office based in Libreville, this meeting is being held in a context marked by the presence of the Nigerian jihadist group Boko Haram in both regions. To this end, indicates a press release, it “figures prominently in the…

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the African Development Bank organized a workshop in Casablanca, Morocco, to present the Africa Investment Forum (AIF). Third stage of a roadshow in North Africa after Tunis and Cairo, this presentation aimed to mobilize the actors of public and private investment. The objective of this meeting was to set up a bank of bankable projects upstream of the Africa Investment Forum, which will be held from 7 to 9 November in Johannesburg, South Africa. Mohamed El Azizi, Director General of the African Development Bank for North Africa, delivered the opening address. In particular, he highlighted the purpose of this initiative…

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The African Risk Capacity Limited (the ARC Ltd) has appointed three new Non-Executive Directors (NEDs) and a Special Advisor to join its Board of Directors to bring independent strategic guidance and oversight to its operations. The ARC Ltd is a financial affiliate of the African Risk Capacity (ARC), which is a Specialised Agency of the African Union established to assist member states in tackling the impact of natural disasters on vulnerable people. ARC transfers the burden of weather and other natural disaster risks away from governments, enabling them to build resilience and better plan, prepare, and respond to extreme…

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Gambian President Adama Barrow has announced the creation of 20,000 jobs in fish processing and storage. In this context, fishing plants would be built in 2019 in the two main fishing towns of Tanji and Brufut, respectively at Kombo South and Kombo North. In addition, the President, visiting Brufut, announced the construction of a feeder road that would connect all coastal communities. To Brufut’s applause, he also said that the road between Brufut Gamtel and Ghana Town would soon be built as he finalized negotiations with a new construction company to launch a pilot project in Brufut. While expressing his…

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The African Trade Policy Centre of the Economic Commission for Africa (ECA), in partnership with Thabo Mbeki African Leadership Institute (TMALI) and the Pan African Strategic and Policy Research Group (PANAGRAF), last week hosted the 2nd Roundtable on Equity in Intra African Trade-Induced Industrialization and Integration. The roundtable is part of a series launched in 2016, and focused on Public-Private-People-Partnership (4Ps) “Living Labs” in fast-tracking the African Continental Free Trade Area (AfCFTA). The objective of the Roundtable was to introduce the concept of Living Labs for stakeholders for structured intra/inter stakeholder consultations, and explore the ways in which the concept…

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The city of Richard Toll (100 km north of Saint Louis) was the highlight of the visit of the director of UN Women in Senegal. In front of more than 3,000 people from the Network of Women Farmers of the North, Phumzile Mlambo-Ngcuka noted the progress of the agricultural sector in Senegal in terms of gender approach. The visit, which took place on 23 and 24 July, allowed the South African to meet Richard Toll’s operators in Matam. Women provide 70% of the labor force and provide 80% of the harvest. Despite these results, women remain more or less discriminated…

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Figure of the African diaspora in Paris, Roland Portella is the president of the “fourth generation” CADE (Coordination of Africa of tomorrow), “do tank” active for more than twenty years in development issues and, more specifically, the role of the diaspora in the economic renewal of the continent. Interview. “SINGLE PRODUCTION AND COMMERCIALIZATION OF RAW MATERIALS REACH THEIR LIMITS IN TERMS OF ENDOGENEOUS PRODUCTIVITY AND POSITIVE EXTERNALITIES” What do you think are the foundations of industrial policies in Africa? The consolidation of economic growth in Africa must be achieved by investing in industrial sectors, pledges of wealth creation and…

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Islamic finance covers all financial and commercial activities that respect the principles of Islamic law and jurisprudence, commonly known as Sharia or Islamic law. It is an ethical finance, not speculative and based on the real economy. The BCEAO in its Instruction 002-003-2018 entered into force on March 21, 2018 distinguishes two categories the Credit Establishment exercising exclusively the Banking activity in conformity with the principles and rules of the Islamic Finance and the Credit Institutions exercising it partially through a dedicated Branch. In the UEMOA area, the banking sector’s experiences remain limited to the Islamic Bank of Senegal, the…

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The Global Alliance for Improved Nutrition (GAIN)- an international organisation founded by the Bill and Melinda Gates Foundation and driven by the mission of a world without malnutrition- is hosting the first-ever Nutrition Africa Investor Forum (NAIF) in Nairobi, Kenya, on October 16-17, to invite and engage private sector investors to play a key role in improving nutrition across Africa.  The event is hosted in partnership with Royal DSM, a purpose-led global science-based company in nutrition, health and sustainable living recognized for its global fight against malnutrition, the SUN Business Network and African Business magazine. The Nutrition Africa Investor Forum will highlight business opportunities in…

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On the initiative of the Regional Stock Exchange (BRVM), a training workshop for Capital Market Managers and Traders of Management and Intermediation Societies (SGI) of UEMOA, was held in Abidjan from July 23 to 24, 2018. The objectives of the BRVM in organizing this workshop on good practices in securities trading and the use of the BRVM’s trading software, are to revisit the basics of the trade of the negotiators, to strengthen their capacities and to open avenues for reflection on topics of common interest for the development of the market. Indeed, the issue of the professionalisation of the different…

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As a prelude to the holding of the Turkey-Africa Forum in Istanbul in Turkey in October, the Gabonese Employers’ Confederation (CPG) plans to boost trade between companies. This is the mission given by the chairman of the CPG, Alain Bâ Oumar, who received in audience in Libreville, the Turkish ambassador to Gabon, SE. Suphan Erkula. The Turkish employers and the CPG had signed, a few years ago, an agreement whose objective is to put in touch the businessmen of the two employer organizations to promote the exchanges. Favorable to identify Gabonese businessmen able to create partnerships with Turkish companies, Mr.…

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