Author: Rédaction Financial Afrik

The 2x Challenge will raise $ 15 billion by 2022 to benefit women-led businesses. After raising $ 7 billion between 2018 and 2019, surpassing its initial objective of raising $ 3 billion by 200%, the initiative founded by several G7 development institutions (CDC, United Kingdom; Proparco, France; JICA and JBIC, Japan; DFC, US; FinDev Canada, Canada; DEG, Germany and CDP, Italy) is stepping up a gear. Over the past 3 years, over 200 transactions have qualified for a 2X investment. So far, companies in Latin America have secured the most 2X funding, followed by sub-Saharan Africa where the volume of…

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Mr OUATTARA, you took office in November 2019. Can you share with us your actions which have favored your results obtained in 2020 during the Covid-19? First of all, it must be said that it is the work and commitment of the whole team. I was very well received on my arrival and we immediately conducted a strategic reflection with all of the top management and middle management. At the end of this reflection, we have identified major initiatives for the year 2020. These so-called “BRIGH” initiatives have been managed as projects with at the head of project managers and…

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Thursday June 17 from 10am GMT on financialafrik.com, YouTube and Facebook. Pathé Dione, CEO of the SUNU Group, looks back on his entrepreneurial journey and the latest news from his group. Exclusive information, in particular on the arrangement reached with Sanlam, now withdrawn from Sunu’s capital, and the creation of Sunu Participations Holding West Africa in Dakar, an entity which will bring together all the West African subsidiaries. Beyond the news, we mainly asked the man about the Sunu saga. Founded in 1998 and today with 29 companies including a bank, a microfinance company, a health management company, the SUNU…

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For a few weeks, the rumor has been running. Exxonmobil is packing up to leave Mauritania. Today, the rumor has turned into near certainty after a meeting between officials of the US major and the Mauritanian Minister of Oil. The meeting mainly focused on the practical modalities of abandoning exploration activities in the deep offshore of the coastal basin of Mauritania. In the absence of an official statement from the parties, this information remains in the conditional. Recall that ExxonMobil Exploration and Production Mauritania Deepwater Ltd had signed three oil and gas exploitation and production contracts with the Mauritanian state.…

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On June 7, 2021, the IMF Executive Board approved a Standby Agreement and Standby Credit Facility Arrangement in the amount of SDR 453 million (approximately $ 650 million or CFAF 350 billion) and thus completes the third review of the program supported by the instrument for the coordination of economic policy. The approval of the FCC agreement and standby agreement paves the way for an immediate disbursement of approximately SDR 129.4 million or approximately $ 187 million. It follows an emergency aid that the IMF had granted to Senegal in April 2020 for an amount of 442 million dollars at…

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On the occasion of World Environment Day, celebrated every year on June 5, Attijariwafa bank organized, in collaboration with the association Toit En Vert *, a “Green Day” in the form of workshops, in order to discover urban agriculture to its employees and make them aware of its positive impact on the environment. This event, which took place on one of the terraces of the Group’s Headquarters in Casablanca, is part of the Group’s approach undertaken for several years in terms of CSR and in the continuity of the campaign to raise employee awareness of environmental protection and their support…

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Bolloré Ports, the benchmark operator of port terminals in Africa, Asia and the Americas, has just launched the “Green Terminal” labeling process with the objective of contributing to the reduction of the carbon footprint of its activities by relying on on a precise methodology covering all environmental concerns. This approach, a first in the port sector, has been validated by Bureau Veritas, one of the main world leaders in testing, inspection and certification. The Bolloré Ports Green Terminal label is based on eight fundamental pillars: Optimized management thanks to an environmental management system based on the ISO 14001 Standard, Eco-societal…

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BNDE, LAS and 2AS signed two agreements on Wednesday June 02, 2021, which mark the start of a strong partnership that is greatly appreciated by the three parties. Indeed, through these agreements, BNDE undertakes to support the two airport structures within the framework of the Economic and Social Resilience Program (PRES), set up by the State of Senegal, following the occurrence of the pandemic. COVID-19. This partnership will also allow BNDE to have better visibility within AIBD with strategic locations. The Bank will thus be able to extend its network with automatic teller machines and dedicated offices in order to…

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Can the resilience of the Ivorian economy absorb the consequences of the pandemic and boost growth? It was with this open question, up to the challenges of the African and global economy that the fifth edition of the Bloomfield Investment Corporation conference kicked off. The opening panel, moderated by journalist Alain Foka, will be broadcast this Sunday, June 6, 2021 on RFI and France 24. Beyond the Sofitel Abidjan and the virtual world, all classes of market finance but also so-called seated finance (accountants, lawyers, legal advisers, notaries) were represented. Credit risk and insurance specialists, economic intelligence strategists, the…

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The State of Mali, through the National Directorate of the Treasury and Public Accounts, obtained on June 2, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 44 billion FCFA (131.697 million d ‘euros) following its simultaneous issuance of 5- and 7-year Treasury stimulus bonds (ORD) organized in partnership with the UMOA-Titres Agency based in Dakar. ODR issues are initiated by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO). They aim to allow the issuer to mobilize the savings of natural and legal persons in order to cover…

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Alongside the companies Gridworks Partners and AEE Power Ventures, the Pan-African industrial group Eranove has signed with the government of the Democratic Republic of Congo (DRC), represented by the Congolese Minister of Hydraulic Resources and Electricity, Mr. Mwenze Mukaleng, the 22-year concession agreement for the design, development, financing, construction, production, operation, maintenance, marketing, distribution and maintenance of three solar mini-grids in the towns of Gemena , Bumba and Isiro, in the north of the Democratic Republic of Congo. Also present at this signing ceremony were the Governors of the three provinces concerned, the Ambassador of the United Kingdom in the…

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Senegal proceeded, this Wednesday, June 02, 2021, to the pricing of a new Eurobond issue (sovereign bonds) for 775 million euros, or 508 billion FCFA, with a fixed interest rate of 5.375% over a final maturity of 16 years. This operation was a resounding success in terms of the level of mobilization of international investors, with an oversubscription rate equal to nearly six times the amount sought by Senegal, and in terms of the quality of the order book, with institutional investors. reference in this field. Faced with the high interest after three years of absence from the markets, Senegal…

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The Board of Directors of AFG Holding SA, which met on Tuesday, June 01, 2021, appointed Mr. SIONLE YEO as Chief Executive Officer of AFG Holding SA and Mr. Antoine GANGA as Secretary General. Mr. Sionlé YEO, previously Regional Director of Société Générale for Central and East Africa, has held senior positions including those of Managing Director Société Générale Ghana, Managing Director of Société Générale Burkina Faso, Deputy Managing Director and Managing Director Financial and IT of Societe Generale Côte d’Ivoire. He has more than thirty (30) years of experience in the banking sector in sub-Saharan Africa and the Indian…

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NAIROBI, Kenya, 1 June 2021  – Adenia Partners, a private equity firm investing in Africa, today announced it has completed the acquisition of Africa Biosystems Limited (ABL), a leading distributor of life sciences and clinical diagnostics equipment in East Africa. Financial terms of the deal were not disclosed. Established in 1999, ABL is headquartered in Kenya with subsidiary offices in Uganda and Tanzania. The Company’s instruments are used to conduct research and diagnosis across the animal, human and crop sectors with product applications that span molecular, cell and protein biology and DNA forensics. ABL’s customers fall into various end markets including…

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