Author: Daniel Djagoué

The Central Bank of Mauritius and its Moroccan counterpart, Bank Al-Maghrib, have released a joint report titled “Combating Money Laundering and Terrorism Financing within GSBF Jurisdictions” on March 21, 2024, on the sidelines of a plenary meeting of the Group of Francophone Banking Supervisors (GSBF). The document highlights the experiences of the two central banks...

The consolidated profit of the Moroccan group Banque Centrale Populaire (BCP) increased by 26.40% at the end of the 2023 fiscal year compared to that of 2022, announced the executives of this banking establishment based in Casablanca. The group’s consolidated accounts under IFRS standards indicate a consolidated profit of 3.475 billion dirhams (344.053 million dollars)...

Exclusive interview with Audrey-Cynthia Yamadjako, Senior Climate Finance Officer at the African Development Bank, Coordinator for the Green Banks Initiative in Africa. Formerly of Nataxis, PricewaterhouseCoopers (PwC) and Crédit Agricole Corporate & Investment Bank, Audrey-Cynthia Yamadjako joined the African Development Bank in 2016, more specifically in the Climate Change and Green Growth Department in which she is in charge of managing financing of 5 climate and environment funds. This represents an investment portfolio of 1.5 billion dollars for 150 multi-sector projects in renewable energies, energy efficiency, smart agriculture, resilient infrastructure, clean transport etc… Since September 2021, she coordinates the so-called…

A legacy of the colonial era, African countries mainly export raw materials to Europe or Asia but do not trade much with each other. Indeed, only 16% of the trade of African states is done within the continent. Like Europe, Africa wants to unite and increase intra-African trade with its potential market of 1.2 billion people. A free trade area is the first step towards an economic union that theorists of Pan-Africanism have dreamed of for decades. On January 1, 2021, the African Continental Free Trade Area (AfCFTA) project therefore saw the light of day with, at the time of…

After the success of the physical proximity with its customers, the Comorian Development Bank (BDC) aligns itself with the digital innovation by also developing a digital proximity: It launches #HOLO, a solution of Mobile Banking which comes to facilitate the daily life of the Comorians. According to Gervais ATTA, Chief Executive Officer of BDC, “The Bank is contributing to the development of financial inclusion in the Comoros and is part of a strategic approach to further improve proximity relations with its customers.” HOLO is a mobile banking solution designed and offered by BDC, with the support of TagPay, its technology…

Several readings to make the government reshuffle occurred on September 5, 2019 in Cotonou, Benin. President Patrice Talon made technical adjustments while retaining key members of his 24-member team. Thus, the Minister of Finance, Romuald Wadagni, credited with a good record in terms of conducting strategic reforms and mobilizing funds, is renewed. Just like the Minister of Planning and Development, Abdoulaye Bio Tchane, a long-term vision bearer or the keeper of the seals, Severin Quenum, who has completed Benin’s arsenal of commercial justice through first-class commercial courts. instance and on appeal. No change either in Agriculture where the engineer Gaston…

Over the past decade, the Democratic Republic of Congo has embarked on a series of key steps to move closer to OHADA, improve its business climate and bring the private sector to the fore, the engine of inclusive economic growth. In this interview, Kabange Numbi Mukwampa, Minister of Planning and Renovation of the city, talks about major reforms. Today, the Democratic Republic of Congo is totally dependent on its raw materials. Unfortunately, this is not enough to bring about sustainable economic growth. How does your country intend to break the heavy reliance on the mining sector? Indeed, the list of…