Author: Albert Savana

Loans to the economy of Tunisian banks increased slightly by 1.04% at the end of June 2020 compared to the previous month, according to data from the Central Bank of Tunisia (BCT). These credits amounted to 85.138 billion dinars against 84.262 billion dinars in May 2020, an increase of 876 million dinars. As for credits from ordinary resources, they stood at 82.195 billion dinars against 81.354 billion dinars in May 2020 (+ 1.03%). For their part, credits from special resources amounted to 2.94 billion dinars against 2.908 billion dinars a month earlier. During this period under review, Tunisian banks carried…

The Commission of the Economic Community of West African States (ECOWAS) congratulated on Tuesday, November 10, President Alassane Ouattara reelected as head of Côte d’Ivoire for the 2020-2025 five-year term. “ECOWAS sends the president-elect its warm congratulations along with its sincere wishes for success in carrying out the mission entrusted to it by the sovereign Ivorian people”, indicates a statement from the body chaired by Jean-Claude Kassi Brou . Who also invited the Ivorians to place “above all peace and social cohesion” and “to resolve all disputes through dialogue and legal channels”. In a speech to the Nation on Monday…

The President of the African Import-Export Bank (Afreximbank) Benedict Oramah, and the Director General of the French Development Agency (AFD) Rémy Rioux, during an online seminar in Cairo (Egypt), discussed, on scaling up climate finance in Africa as part of their joint effort to advance sustainable development as the continent recovers from the COVID-19 pandemic. For Afreximbank, “the event aimed to increase participants’ knowledge of the opportunities and challenges associated with aligning economic development and climate finance to build sustainability and resilience in Africa.” The role of public development banks in financing sustainable development projects and their contribution to partnerships…

Euphoria in Paris, Frankfurt, London, Tokyo. Global financial centers waltzed on the second day Tuesday in hopes of progress towards a possible coronavirus vaccine that could allow the world to return to normal life. Only Shanghai resisted the trend, closing lower. Japan’s Nikkei 225 benchmark is trading at a 29-year high with stocks driven by Joe Biden’s victory in the US presidential election. News about possible progress on a COVID-19 vaccine has pushed prices even higher. Investors were enthusiastic after Pfizer Inc. said Monday that the first data on a vaccine in development suggests that it may be 90% effective…

The State of Côte d’Ivoire, through its public treasury, raised on November 9, 2020 on the financial market of the West African Monetary Union (UMOA) an amount of 33 billion FCFA (49.500 million euros ) at the end of its issue by auction of equivalent treasury bonds (BAT) with a maturity of 28 days. The objective of this fundraising is to meet the financing needs of the state budget. During this month of November 2020, the intentions of issuing public securities expressed by the Ivorian authorities amount to 90 billion FCFA against 60 billion FCFA for the month of October.…

Is there a correlation between criticism of France and seeing its currency tumble? Turkish President Recep Tayyip Erdogan sees the damage caused by this improbable correlation, which has been added, moreover, to inflation of 12%. The massive withdrawals of foreign investors from the Turkish lira took it to its lowest point. Fearing a hackneyed plot from abroad and reinforced by an imaginary fifth column, the Turkish president on Saturday sacked central bank governor Murat Uysal, a technocrat who refuses to follow the presidential directive to lower interest rates. The decision was announced by decree published in the Official Journal. Murat…

China, the world’s leading economic power from 2024, ahead of the United States. As IMF data put into perspective by Statista shows, Asia continues to climb in the rankings of world economic powers while Africa is absent in the world top 10. According to forecasts, the world’s top 5 countries with the highest GDP will be occupied by four Asian countries by 2024, relegating the European powers to a lower rank. China, whose economic growth exploded from the 1990s, is expected to see its GDP surpass that of the United States within four years and take the top spot. India…

The net income of Bank Of Africa (BOA) Côte d’Ivoire, a subsidiary of the banking group of the same name, increased by 23.3% at the end of the third quarter of 2020 compared to the same period of 2019, announced the leaders of this banking establishment based in Abidjan. This net result thus stood at 11.781 billion FCFA as of September 30, 2020 against 9.556 billion FCFA as of September 30, 2019, an increase of 2.225 billion FCFA. During the period under review, the resources collected by the bank shrank by 7.535 billion FCFA, with an output which fell from…

Senegal’s total public debt stock is projected at CFAF 9,176.3 billion (€ 13.764 billion) in 2020, according to the economic and financial report appended to the 2021 finance law established by the Ministry of Finance and budget. Compared to 2019 when it amounted to CFAF 8,231.8 billion, this outstanding amount has increased by 11.5%. “It should represent 64% of gross domestic product (GDP) in 2020 in connection with the large loans granted as part of the fight against Covid-19 in 2020 and however remain below the standard adopted as part of the pact of UEMOA convergence ”, underline the services…

The State of Burkina Faso, through its General Directorate of the Treasury and Public Accounts, obtained Wednesday, November 4, 2020 on the financial market of the West African Monetary Union (UMOA) the sum of 40.404 billion FCFA (60.606 million euros) following its issue by auction of Assimilable Treasury Bonds (OATs) with a 7-year maturity. The funds obtained are intended to cover the financing needs of the Burkinabé state budget. For the month of November 2020, the intentions of issuing public securities by the Burkinabe government authorities amount to 45 billion FCFA as in October 2020. The amount put out to…

Air Liquide Tunisie, a subsidiary of the French multinational Air Liquide, will increase its share capital by 889,925 dinars (275,092 euros), announced the managers of this company based in Ariana city located north of the capital Tunis. This decision was endorsed by the Extraordinary General Assembly of the company at its meeting of June 26, 2020. The share capital will increase from 40,047,675 dinars to 40,937,600 dinars, and this by incorporation of reserves and the issue of 35,597 new free shares with a nominal value of 25 dinars each. According to Air Liquide Tunisie executives, the free shares will be…

Joe Biden’s victory in Michigan on Wednesday night opened the way to the White House for the former Democratic Vice President, running mate of Barack Obama. The re-election of Donald Trump (214 voters) is now compromised but not impossible against the 264 voters of his Democratic rival, 6 votes from the crucial threshold of 270 votes to win the White House. In this context strained by the appeals introduced by the republican bet, only 4 states remain to be decided. In the Rust Belt, in this Northeastern United States symbol of deindustrialisation, only Pennsylvania remains in play, while in the…

The overall half-year result for the first half of 2020, companies listed on the Tunis Stock Exchange (BVMT) recorded a decrease of 31.2% compared to the same period of the year 2019, officials announced. of the BVMT based in Tunis. This overall result stood at 720.411 million dinars against 1.048 billion dinars as of June 30, 2019, a contraction of 327.096 million dinars. “This development is attributable in particular to the repercussions of the COVID-19 crisis on the activity of the majority of listed companies”, explain the managers of the Tunis Stock Exchange. They specify, however, that this result only…

The European Union (EU) takes note of the announcement of the provisional results announced by the Independent Electoral Commission (IEC). However, the body is careful not to congratulate a re-elected president with a river score (94%) but for a participation rate of 10% according to the opposition, 48% according to the Electoral Commission (CENI). Yesterday evening in Abidjan, instead of ululating and fireworks, gunshots were heard. The homes of the main leaders have been attacked according to opposition sources. Appointed president of the National Transitional Council (CNT) by the opposition coalition, Henri Konan Bedié maintains the slogan of civil disobedience.…

The net income of Total Côte d’Ivoire, a subsidiary of the multinational oil company of the same name, fell 45.5% at the end of the first half of 2020 compared to the same period of 2019, announced the leaders of this company based. in Abidjan. This result stood at 3.063 billion FCFA against 5.616 billion FCFA as of June 30, 2019, a decrease of 2.553 billion FCFA in absolute value. As for the company’s turnover, it recorded a decrease of 11.4%, from 227.251 billion FCFA in the first half of 2019 to 201.397 billion FCFA a year later. The leaders…

The United Arab Emirates give their full support to France. In an interview with the German daily Die Welt on Monday, Anwar Gargash, the Confederation’s Foreign Minister, was very clear, calling on Muslims to integrate. “You have to listen to what Macron in his speech really said, he does not want ghettoization of Muslims in the West and he is absolutely right,” he said. According to the minister, “Muslims must integrate better and the French state is entitled to seek ways to achieve this while fighting against radicalism and community confinement”. The United Arab Emirates thus join Saudi Arabia and…

Wall Street widely speculated Monday, betting on a probable victory for Joe Biden. At the opening of the meeting, the headlines flew for an insane 30 minutes during which rumors of the Democratic candidate’s “big win” spread like wildfire. The Democratic candidate is promising a $ 2.2 trillion stimulus package. The S & P500 gained this Monday + 1.23% to 3.310 and ends close to its opening levels, the Dow Jones stands out with + 1.6% (0.6% better than the opening, and its best performance since October 7), the Nasdaq is content with + 0.4% but posted -0.4% 2 hours…

Mute since the launch of the campaign to boycott French products in the Arab world, Prince MBS’s Saudi Arabia has finally spoken out. “Freedom of expression and culture should be the beacons of respect, tolerance and peace, rejecting practices and acts that generate hatred, violence and extremism that are contrary to coexistence” , announces a press release from the Ministry of Foreign Affairs relayed by the official media. The House of Sauds immediately supports free speech while condemning those who equate Islam with terrorism. The kingdom is refraining from relaying the appeal launched by other Muslim states demanding action against…

The net profit of Société Multinationale de Bitumes (SMB), which specializes in the production, processing, storage and marketing of bitumen, recorded a strong increase of 949% at the end of the third quarter of 2020 compared to the same period of 2019. . This result went from a deficit of 701.575 million FCFA as of September 30, 2019 to a surplus of 5.958 billion FCFA as of September 30, 2020, an increase of 6.660 billion FCFA. As for the company’s turnover, it increased by 4% to 79.550 billion FCFA against 76.825 billion FCFA in the third quarter of 2019. It…

The 6 largest IPOs in the history of global finance are all Asian, as this infographic from Statista shows. Four of them are Chinese. Foremost among these mega-introductions is Ant Financial, the financial subsidiary of Alibaba Group. The initial public offering (IPO) of the company that runs the Alipay payments application could indeed fetch more than $ 34 billion, Statista said. Ant Financial’s first listing is scheduled for November 5 in Shanghai and Hong Kong. Saudi Aramco’s IPO at the end of 2019 brought in a total of $ 29.4 billion after an increase in the number of initial shares.…

Malta. Mediterrania Capital Partners, a private equity firm specializing in growth investments for SMEs and mid-sized companies in North Africa and Sub-Saharan Africa, informs that Albert Alsina, founder and CEO of the company, has published a new book in order to share knowledge and experience of value creation in companies. The author of the book “Value Creation in Private Equity”, Albert Alsina, said: “Being able to select the right companies in which to invest is crucial, but most important is the ability to create value and have an impact from the start. first day. With this book, I intend to…

Bank Of Africa (BOA) Burkina, a subsidiary of the banking group of the same name, achieved at the end of the third quarter of 2020 a net banking income (NBI) of 34.304 billion FCFA (51.456 million euros), announced the leaders of this banking establishment based in Ouagadougou. Compared to September 30, 2019, when it stood at 31.333 billion FCFA, this GNP has increased by 9.48%. According to the leaders of BOA Burkina, the GNP is essentially supported by the growth of the net banking margin of 11% and of commissions and miscellaneous of 5.4%. During the period under review, the…

On October 21, the Guinean Ministry of Security announced the deaths of nine people, including two police officers, Amnesty International reports in a report on the tense situation following the presidential elections on October 18. The Union of Democratic Forces of Guinea (UFDG, opposition), announced on October 23 that 27 people had been shot dead since October 19, including 18 in Conakry, three in Manéah, three in Labé, one in Mamou, one in Télimélé and one in Pita, and that more than one hundred people were wounded by gunshot. The home of Cellou Dalein Diallo, president of the UFDG and…

The general direction of the treasury and public accounts of Benin raised on October 22, 2020 a total amount of 22 billion FCFA (33 million euros) at the end of its simultaneous issue of bonds assimilable du Trésor (OAT) of maturity 5 and 7 years in the West African Monetary Union (WAMU) financial market. Out of a total amount put up for auction of 20 billion FCFA, the agency UMOA-Titres, organizer of the issue, listed 97.075 billion FCFA of global bids made by investors. This gives a coverage rate of the amount put out to tender by the bids of…

While the Covid crisis has stressed the need to regulate and secure the telecoms sector and the dematerialized transactions ecosystem, Global Voice Group, a global provider of ICT and RegTech solutions for governments and regulatory bodies, wishes to raise awareness among decision makers about the urgent need to equip themselves with monitoring tools for the sake of transparency and securing these sectors, which are crucial for economies. Explosion of data volumes, multiplicity of sources, lack of storage space, cybersecurity issues, lack of expertise to analyze and interpret this information, difficulty in converting it into actionable information, high costs… The challenges…

The General Directorate of the Treasury and Public Accountancy of Côte d’Ivoire awarded on October 20, 2020 an amount of 33 billion FCFA (49.500 million euros) at the end of its issue by auction of assimilable treasury bonds (BAT ) maturing 28 days on the West African Monetary Union (WAMU) financial market. These resources are intended to cover the financing needs of the state budget. For this month of October 2020, the intentions of issuing public securities expressed by the Ivorian authorities amount to 60 billion FCFA against 140 billion FCFA for the month of September. At the close of…

The consolidated profit of the Telnet holding SA group, a Tunisian company specializing in software studies, electronic systems and telecommunications networks and controlling about twenty companies, increased by 42.59% at the end of the first half of 2020 compared to the same period of the year 2019, announced the leaders of this company based in Tunis. This consolidated profit rose from 2.205 million dinars on June 30, 2019 to 3.144 million dinars on June 30, 2020, an increase of 939,378 dinars. The group’s share in this profit is 3.090 million dinars against 2.065 million dinars in the first half of…

With Africa rocked by multiple crises this year, governments in the region will need to orient their policy responses not only to short-term recovery, but also to long-term sustainability and resilience. Africa simply cannot afford to invest more in the dirty, inefficient and fragile economy of the past. CAP TOWN – The International Monetary Fund predicts that COVID-19 could set sub-Saharan Africa back by a decade in terms of GDP per capita, which means staging a strong post-crisis recovery will be essential. But African leaders must choose wisely among the policy options available. If the investments made today only pave…

The resources mobilized by the decentralized financial systems (DFS) of the West African Monetary Union (WAMU) falling under article 44 of the law regulating DFS (level of activity reaching a threshold of 2 billion FCFA of outstanding of deposits and loans) amounted to CFAF 1,501.0 billion (€ 2.251 billion) as of December 31, 2019, up 9.9%, according to data from the General Secretariat of the Banking Commission, the body supervision of banking activity based in Abidjan. These resources are made up of deposits and loans (66.6%), net equity (27.2%) and other resources (6.2%), against 65.3%, 26.9% and 7, respectively, 7%…

The net profit of the Atelier du Meuble Interior (SAM) Company, specializing in the manufacture, assembly, assembly and marketing of all types of furniture and decorative items, fell sharply by 88.79% at the end of the first half of 2020 compared to the same period of the year 2019, announced the leaders of this Tunisian company based in La Marsa, north-east of Tunis. This result fell from 1.618 million dinars on June 30, 2019 to 181,423 dinars on June 30, 2020, a plunge of 1.437 million dinars. As for the company’s revenues, they fell by 33.46% to 6.884 million dinars…