Author: Contribution

By Hassana Mbeirick, Consultant international In Dakar (Senegal), the curtains fell on the 2nd edition of the MSGBC Conference, and the 3rd edition is scheduled to be held next year in Nouakchott (Mauritania). 2023 will be the year of the first GTA gas molecule placed on the world market; in other words, the meeting in Nouakchott will mark history. With a fairly substantial potential per country (GIIP-OIIP) and a huge global potential, countries of the MSGBC basin represent a coveted opportunity to play a leading role in the global LNG supply. In the current context of the global energy crisis,…

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Public Opinion: Stop the war before it is too late!(appeal open to co-signature, see the end of the appeal). The war in Ukraine is continuing, unabated for four months now, causing vast destruction of life and property of the people of Ukraine and enormous damage to the global economy affecting the lives of millions of people the world over due to rising prices and energy crisis, and above all steadily increasing global tensions pushing humanity to the brink of a nuclear war.The Russian military intervention in Ukraine was an evident response to the measures taken by the Kyiv regime and…

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By TERESA CLARKE Africa.com’s CEO writes about how she felt after this special invitation I was invited to dine with Bill Gates last week during the World Economic Forum in Davos, Switzerland.  The terms of the invitation, which was extended to six others besides myself, were that the discussion would be off-the-record.  Therefore, I can’t write about anything discussed that evening. What I can tell you is what we ate, and what I thought about after the dinner. The menu, prepared by chefs at Microsoft House – the temporary headquarters of all things Microsoft at the Davos conference – was…

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By Zekarias Amsalu, Co-Founder – Africa Fintech Summit, Founder & CEO – Ibex Frontier The African startup funding statistics for 2021 proved that investors have ‘smelled the coffee’ in the continent and “the international investor community is becoming increasingly aware that those who misunderstand Africa risk missing the greatest growth opportunity of the 21st century”, as my colleague Andrew wrote in his editorial in June 2021! Total disclosed Startup funding for 2021, standing at $4.6B, is an all-time high with +150% YOY increase and larger than the funding amounts of the preceding three years (2018–20) combined.Dissecting the yearly investment statistics provides…

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By Meissa Lô*, financial analyst. Without being too alarmist, we can say that we are probably at the dawn of the 3rd World War, if this is not already the case. A 3rd war that many analysts predicted would be a nuclear or religious war. The military war between Russia and Ukraine and the political-diplomatic war between NATO and Russia do not bode well for the stability of the world. Although the impacts remain localized in Europe for the moment and only affect the world prices of cereals, oilseeds (corn, wheat, walnuts, almonds etc.) and hydrocarbons, in the weeks to…

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By Abdoulaye Bangoura Confronting Crisis Through the Power of Stock Stocks! Stocks! They visit us frequently and invite us to trust in them. They constantly call for us to give them even just a small amount of money in order for that amount of money to grow. The stock market has existed for almost 300 years, with the Amsterdam exchange having been created in 1611. Nowadays, stocks are a widespread phenomenon, with an official stock market existing in at least 111 countries around the world – in total, a market value of 95 trillion dollars. In the modern age, it…

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By Magaye Gaye, Economist. The world has for some time been plunged into a worrying inflationary crisis. This observation raises questions about the relevance of the responses that central banks have provided and about the monetarist theory embodied by the economist Milton Friedman. With a rate of 6.2% over a rolling year in the United States, observed in October 2020, the inflation rate has been multiplied by 11.5 in a year and a half. The euro zone is not left out with a rate of 5%. This inflationary surge is explained by the tensions observed on the global production chains,…

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The Geopolitical Chronicle of Benoît Ngom, President of the African Diplomatic Academy (ADA). The Senegalese collective And Samm Jikko Yi organized a large rally in Dakar on February 20 to denounce the “illegal” rejection by the National Assembly of the bill aimed at criminalizing homosexuality. This demonstration can be interpreted as a way to maintain the tension around the debate on homosexuality in a secular state. The debate on homosexuality in Africa often borders on hysteria because of the irrational considerations it carries. The fear of what the other thinks or what the other will do sometimes dictates unnecessarily aggressive…

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On the eve of his fifth visit to Senegal, Turkish President Recep Tayyip Erdoğan sent a message to the Senegalese people. “We consider Senegal, a shining star in its region, as a flagship country with great potential which will mark the future of the continent as it has marked its history” “TÜRKİYE-SENEGAL: A STRONG FRIENDSHIP ROOTED IN HISTORY AND LOOKING TOWARDS THE FUTURE” Among African countries, Senegal occupies an exceptional place in the heart of our nation. The roots of the fraternal relations between our two peoples go back six centuries. Relations between Türkiye and Senegal, which were built on…

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Business suits and black leather shoes aside, are there any similarities among the top 1% of the Congolese banking sector? This article proposes an assembly of the pieces of this puzzle in the form of a fictional interview. By Obed KAMBALA, economic analyst, holder of a Master’s degree in Economics and a Certificate of Expert in Risk Management. … All the same, we would not entrust the management of a credit institution to the first comer, would we? That’s right ! The management committees of banks include big names whose know-how is based on in-depth higher education and many years…

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Opinion-Editorial by Souleymane Traoré, Chief Executive Officer, Compagnie des Bauxites de Guinée (CBG), Conakry, Guinea The mining sector has a responsibility to develop new, sustainable practices to minimize and mitigate its impact on the environment, transform the lives of the people in the areas surrounding operations and respect fundamental human rights. It’s why, much like many other industries, there needs to be a rapid shift towards Environmental, Social and Governance (ESG) business strategies. Because rhetoric is no longer enough, especially in the developing world. The difference between ESG and typical corporate social investment work is that ESG requires transparent plans…

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By Gedeon Kalombo Ntambwe* After holding its first peaceful power transfer in its history in 2019,  the biggest sub-Saharan country had made one of the biggest democratic moves in its history and set itself in a new direction. The Congolese banking system has always been highly shaken by the political events and a continuous conflict in the Eastern part of the country causing a standstill in the development of the sector countrywide. More so, the country has seen its banking sector overwhelmed by foreign banks (list of banks table below). Though this may be perceived negatively on the surface, there…

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Chronicle of a vessel in distress First head to roll Following the revelations of Financial Afrik (Parent company of Kapital Afrik), the chairman of the board of Shelter Afrique, Dr. Steve Mainda, was ousted on December 6, 2021, by a sanction vote of his fellow directors, at the rate of 10 votes to 1. Then the directors proceeded to a vote to appoint a new chairman of the board in the person of the Ugandan Ephraim Kizaa Bitchetero, representing Africa-RE, one of the institutional shareholders (group B). Note that no press release sanctioned this major decision taken on the sly.…

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By Mark Doumba, CLIKAFRIK Group Part of the youth and the African diaspora spoke eloquently in Montpellier, to affirm their desire to change the model of cooperation that African countries maintain with France, and implicitly with the rest of the world. From these discussions emerged a firm desire on the part of Africans to take ownership of the development of their continent. This requires the need to adapt political and economic institutions to the needs of expressing private initiative. Indeed, the African populations now want to welcome more direct investment, less debt, and even less development aid. The declared wish…

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