Author: Rédaction Financial Afrik

The West Africa Trade & Investment Hub (Trade Hub) has announced the launch of its Virtual DealRoom which enables international investors to access Trade Hub information and business opportunities. Funded by the United States Agency for International Development (USAID), the Trade Hub aims to catalyze economic growth in West Africa using a market-based approach. Through its co-investment fund, the Trade Hub intends to attract $ 400 million in new private investment. The Virtual DealRoom has been implemented on Asoko Insight, a business data and engagement platform providing international investors, multinationals and development institutions with an efficient way to discover, shortlist…

While his comeback in 2022 in French politics is no longer a mere hypothesis, Financial Afrik lifts a corner of the veil on the mysterious back and forths of Nicolas Sarkozy in Africa. The former French president, seen in Kigali these days, is not strictly speaking an evening visitor to Conakry, a roving ambassador from the Ivory Coast or a selfless tourist in the savannah. Read our exclusive survey on Friday February 5, written by Alexandre Varel. En savoir plus sur ce texte sourceVous devez indiquer le texte source pour obtenir des informations supplémentaires

These massive appointments are due to the new administrative (regional) division. In fact, the number of regions has increased from 15 to 20. It appears that 13 soldiers close to Assimi Goita, vice-president of the transition in charge of defense and security questions, were appointed in place of civilians to lead a ten new regions. Previously there were only five soldiers out of the fifteen regional governors. According to sources, Colonel Assimi Goita and the Minister of Territorial Administration had the upper hand over these appointments. The objective is to apply the new strategy of defense and security of the…

In DR Congo, the agents and executives of the International Bank for Africa in Congo (BIAC) whose Council of State opposed the dissolution decided by the Central Bank (BCC), filed Thursday, November 19 at the Presidency of the Republic, a memorandum calling for the involvement of President Félix Tshisekedi with regard to their fate. This memorandum was tabled at the end of an organized march in the streets of Kinshasa. “We are surprised that the Central Bank was able to kill BIAC. This bank has appointed a cabinet of experts for its completion. A month later, we saw the statement…

For the Bolloré transport and logistics group, this is the heaviest package transported to Côte d’Ivoire with its 900 tonnes of equipment, including a turbine, an electric generator and various equipment. These machines will be intended for “the construction of the new Azito thermal power station, the work of which is being carried out by the Spanish supplier and manufacturer Cobra”, indicates the communication unit of this logistics structure. In fact, this plant, which contributes to asserting the energy mix in the country, will be equipped with a new turbine, which will increase the power output of the plant by…

Economists Fadhel Kaboub from Denison University in Ohio, USA; Ndongo Samba Sylla from Université Cheikh Anta Diop in Dakar, Senegal; Kai Koddenbrock from Goethe University in Frankfurt, Germany; Ines Mahmoud and Maha Ben Gadha from Tunis, Tunisia; are the leaders of this open letter signed by 500 personalities from all corners of the globe and world-famous and successful economists. These intellectuals plead for a break in economic development strategies in Africa and for the continent’s reconquest of its economic and monetary sovereignty. The open letter is available in 47 languages ​​(including African languages ​​like Wolof, in most cases with an…

By Adamou Sambaré, Managing Director of Creditinfo West – Africa. Covid – 19 has hit the world with a “double shock”: an unprecedented contraction in supply and demand coupled with a health-economic conundrum. For Africa, and the UEMOA region, the immediate picture is bleak. However, there is hope if the financial sector uses the situation as a trigger for accelerated transformation of lending processes and products, taking the lead from other sub-Saharan markets and levering advantage of the robust financial infrastructure in place. Background  The IMF forecasts a GDP contraction of 1.6% for Sub-Saharan Africa. For the UEMOA regional powerhouses,…