Author: Nephthali Messanh Ledy

Rédacteur en chef de Financial Afrik. Basé à Lomé, Nephthali Messanh Ledy représente Financial Afrik depuis deux ans. Outre l'économie et les finances africaines, il est passionné de l’actualité internationale. Diplômé en Commerce International et en Marketing - Communication, il s’intéresse également aux réseaux sociaux et au football.

The President-in-Office of the Conference of ECOWAS Heads of State, Faure Gnassingbé, called on Saturday to maintain the thread of dialogue, and peace in Guinea Bissau. “Our Guinean Bissau brothers can count on our attentive presence on their side, until they come to a concerted solution to help the country strengthen its institutions, and give the state, the means to function efficiently and effectively. respect for the laws, “he said at the opening of a special session held by the organization in Lome. Mainly devoted to the political crisis in this small country of West Africa, this meeting will have…

Read More

The Heads of State and Government of the Economic Community of West African States (ECOWAS) meet in Lome on Saturday for an extraordinary summit on political developments in Guinea Bissau. Indeed, the country has been going through for a few years, a political crisis with several twists and turns. Its actors signed on October 14, 2016, the Conakry Agreement, which recommends a consensual procedure for choosing a prime minister, and which must remain in place until the 2018 legislative elections. It also provides for the formation of an inclusive government according to an organization chart negotiated in a consensual manner…

Read More

It is on the eve of a new and almost unclear opposition demonstration that the International Monetary Fund (IMF) has indicated its fears over the repercussions of socio-political unrest on Togo’s economic growth. “Socio-political tensions pose a risk to the prospects for economic growth with a negative impact on the real economy and tax revenues,” said Ivohazina Razafimahefa, the head of a mission that stayed in Lomé on 27 March. April 10, 2018 as part of the second review of the program supported by an Extended Credit Facility. “Economic activity slowed down in the second half due to socio-political unrest.…

Read More

Togo’s public debt-to-GDP ratio stood at 77 percent as of December 31, 2017, compared to 82 percent a year earlier, Economy and Finance Minister Sani Yaya said in a news conference. press Tuesday, April 10 in Lomé. This rate is determined according to the criteria of the International Monetary Fund (IMF) which also include the debts of the state companies, said the minister, who announces, moreover, that the debt is 71.74% of GDP according to criteria for defining UEMOA’s debt against a standard of 70%. The minister was speaking in the presence of an IMF team that had just completed…

Read More

The Management and Intermediation Company of Togo (SGI – Togo) is looking for a successor to its managing director, Mensah Kokou Assigbi, who has resigned since February. According to information, the candidates who applied for the post began Thursday, April 5, tests and interviews in a hotel in the capital. For now, there is no information on the number of applicants or their identities. Clarification that the resignation of the Director General of the institution, Mensah Kokou Assigbi, was confirmed by the Board of Directors meeting in extraordinary session on February 26, 2018, a few weeks after the bond transaction…

Read More

Ecobank Cameroon announced on Wednesday, having achieved for 2017, a net profit of 6 billion CFA francs, a decrease of 1.5 billion compared to the previous year. Same downtrend gross banking product which stood at 38.95 billion FCFA, against 39.31 billion a year earlier. The cost / income ratio, on the other hand, improved by two points to 56.9%, compared with 58.9% in 2016. According to the bank’s leaders – which remains the fifth largest national bank out of fifteen active banks – this weak performance is attributable to a “difficult economic environment that goes beyond the banking sector alone”,…

Read More

Mediterrania Capital Partners strengthens its presence in sub-Saharan Africa by acquiring, albeit minority, equity stake in Compagnie Financière Africaine (Cofina), thus enabling the institution of mesofinance to raise 20 million euros, and accelerate its regional growth through to four additional countries in West and Central Africa by 2021. Realized through its third fund (MC III), the operation is accompanied by technical assistance to enable Cofina to raise up to 50 million euros more, in debt or capital, over the next three years. With this new participation, Mediterrania Capital Partners will now be able to look to Benin, Burkina Faso, Nigeria…

Read More

Togolese Rose Kayi Mivedor was taken on March 22, 2018 to head Orabank Gabon, two years after joining the group of the same name via the Togolese subsidiary. She replaces the Cameroonian Guy Martial Awona, in post since 2016. With 15 years of experience in the banking sector, Rose Mivedor has taken control of Oragroup’s most profitable subsidiary (in 2014) and will have to confirm its position. Indeed, the Gabonese customers of the group based in Lomé are mainly companies. Appointed deputy general manager of Orabank Togo in January 2016, the former president of the Association of Professionals of Banks…

Read More

The Deputy General Manager of Bolloré Transport & Logistics, Philippe Labonne, announced Tuesday in Abidjan on the sidelines of the Africa CEO-forum, that the group will “persevere in its investments, with an amount of 300 million euros in 2018 to improve infrastructure and launch new projects. ” “We are determined to invest in Africa, to participate in the logistics transformation of this continent which offers some development prospects,” he added. In addition, the general manager of Bolloré Ports also announced for June 2019 in the Ivorian economic capital, the construction of a second port terminal to accommodate the “largest container…

Read More

In a press conference on Tuesday (March 27th) in Accra, the governor of the Central Bank of Ghana (BoG), Ernest Addison, assured the opinion on Tuesday about the state of the country’s banking sector. Based mainly on the capitalization of banks, the manager said that the challenges in the sector had not reached a level “that can be described as threatening”, this, despite the latest developments. “The banking sector is safe and strong,” he said. The exit came amidst a period of UniBank’s temporary administration to save the institution from imminent bankruptcy following the collapse of its two local subsidiaries…

Read More

Marrakech is hosting the 15th annual conference of the African Capital Investment Association (AVCA) on April 23rd and 24th. The largest gathering of private equity and venture capital in Africa is back for the first time in North Africa in nearly a decade, bringing together thought leaders, investors and advisors managing more than $ 1.3 billion. dollars of assets. According to the organizers, the meeting will see the participation of more than 600 private equity leaders who will discuss key trends shaping the investment environment in Africa. On the agenda of this major event for African investors, there are keynote…

Read More

In a report released this week on trade in Africa, Moody’s identifies barriers that can limit the growth potential of the Continental Free Trade Area (CFTA). “Non-tariff barriers, such as corruption, ineffective customs documentation and broader procedural approaches hinder exports and trade in Africa. Of the 24 African countries we evaluate, 16 have low or very low scores for institutional strength, “she says. In the same way, “infrastructures are insufficient despite major investments”. Thus, Moody’s notes that countries like South Africa and Kenya will benefit the most from further integration because of their industrial output and the quality of infrastructure.…

Read More

Suspended February 23, 2018, the work of dialogue between actors of the political crisis in Togo will resume in the coming days, next week more precisely. Indeed, an emissary of the president of the Ghanaian president, Albert Kan-Daapah, began this Monday in Lomé, a mission to the opposition and the government, for bilateral consultations leading to the definition of a new agenda. Officially, the suspension announced on the evening of February 23 was justified by the agenda of President Nana Akufo-Addo, chief facilitator of the negotiations started 5 days earlier at the Hotel February 2, the former concession of the…

Read More

The International Monetary Fund (IMF) approved March 14, 2018, a new three-year agreement of about 158 ​​million dollars (90 billion FCFA) in Burkina Faso, under the Extended Credit Facility (ECF). The International Monetary Fund (IMF) approved March 14, 2018, a new three-year agreement of about 158 ​​million dollars (90 billion FCFA) in Burkina Faso, under the Extended Credit Facility (ECF). It is, indeed, an envelope in support of the national program of economic and financial reforms. According to a statement from the institution, the program aims to achieve a sustainable balance of payments position, achieve inclusive growth and reduce poverty…

Read More