Author: Rédaction Financial Afrik

The Didier Drogba Foundation and 01Talent Africa signed a strategic partnership in Abidjan to meet the challenges of the continent’s digital transformation through an inclusive and sustainable approach to the development of human capital. The Didier Drogba Foundation reaffirms its mission of promoting the fundamental right to education for all without distinction and more specifically for the most vulnerable populations (unemployed young people, women and girls, migrants, etc.) 01Talent Africa, co-founded by Nicolas Sadirac and Deror Sultan, is committed to the identification, development and professional support of more than 1 million digital talents in Africa by setting up inclusive business…

With precisely 203 billion CFA francs in assets under management at the end of May 2021, the company is consolidating its leadership in the CEMAC zone by achieving great success with institutional investors and individuals. The growth of funds managed by Harvest Asset Management, + 207% since the beginning of 2021, is the recognition of its proven expertise in the collective management segment via mutual funds (FCP) and in that of management under mandate. In fact, Harvest Asset Management offers 3 distinctive funds, mainly the ATLANTIQUE PERFORMANCE FCP, which currently stands at FCFA 101 billion in assets under management. Launched…

High-level meeting platform, the 4th edition of the Benin Investment Forum will be held on August 26 and 27, 2021 in person under the theme Benin land of your projects. A much-awaited moment by all economic players, the forum aims to discover, exchange and share the new economic dynamics of the Republic of Benin. This economic forum represents a unique and multi-stakeholder transactional platform intended to accelerate investments in Benin. The Benin Investment Investment Forum is dedicated to advancing projects in Benin to bankable stages, raising capital and accelerating the financial close of transactions. The Benin Investment Forum for 5…

Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces the sale of its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana Limited (“M&B”) to the founder and other shareholders. This share sale represents a full exit from M&B after a holding period of ten (10) years. Injaro invested in M&B in May 2011. The company aimed to leverage the investment from Injaro to expand its processing capacity, increase seed production through both its farm expansion and the set-up of an outgrower scheme, improve marketing and strengthen middle management. Following the investment,…

LafargeHolcim Côte d’Ivoire in partnership with the National Council of the Order of Architects of Côte d’Ivoire (CNOA) and the School of Architecture of Abidjan (EAA), launched this Tuesday, June 22 the third edition of its internship grant program for the promotion of sustainable construction in Côte d’Ivoire. Committed to the development of sustainable solutions to improve the construction of buildings and infrastructure and contribute to a better quality of life, LafargeHolcim Côte d’Ivoire has initiated an internship grant program since 2017, the winners of which are selected by competition. This third edition marks a major innovation through the inclusion…

Returning to Ivory Coast after ten years of absence, Laurent Gbagbo announces the divorce from Simone, his wife and political partner. In a press release from Me Claude Mentenon, counsel to the former president, the reasons are clearly stated: “Mr. Laurent GBAGBO announces that due to the repeated refusal for years by Dame Simonne EHIVET to consent to an amicable separation, moreover. settlement appropriate to their mutual personal and political status, he resolved to seize today, the Judge of Matrimonial Affairs of the Court of First Instance of Abidjan, a request for divorce. This announcement will not be followed by…

Following on from the previous stages of the Regional Investment, the Tangier meeting shed light on the assets and investment opportunities offered by the Tangier-Tetouan-Al Hoceima region. This meeting recorded the online participation of more than 600 people. Like the first five stopovers, the Tangier meeting was structured around 3 panels, dedicated respectively to the themes: “The region’s strengths and opportunities”, “Project banking and investment recovery”, and “Funding and support mechanisms”. The various interventions made it possible to highlight the strengths of the region in terms of industrial platforms and logistics infrastructure offered to operators, as well as the potential…

The launch of Eco, the single currency of the Economic Community of West African States (ECOWAS), will take place in 2027. This is one of the resolutions taken by the 15 member states at the outcome of the summit held on June 19, 2021 in Accra (Ghana). This roadmap is accompanied by a new convergence pact which will cover the period 2022-2026 and 2027 will be the year for the launch of the Eco ”, specified the chairman of the ECOWAS commission, Jean-Claude Kassi Brou . Remember that the convergence pact had been suspended for fiscal years 2020 and 2021…

The eighth judicial round between the APM / Bolloré consortium against the Autonomous Port of Douala (PAD) over the operation of the container terminal is to the advantage of AMP / Bolloré companies through their subsidiary Douala International Terminal (DIT). The third-party opposition lodged by Switzerland Terminal Investment Ltd (TIL) in the case of the call for applications process for the management of the container terminal of the port of Douala was “rejected because unfounded and inadmissible” by the administrative court du Littoral this Thursday, June 17, 2021. Indeed, following the decision of the administrative tribunal of the tribunal of…

The two groups, through their specialized subsidiaries, have signed a memorandum of understanding at the Mohammed VI Polytechnic University (UM6P) in order to pool their respective know-how. OCP Maintenance Solutions (OCP-MS) and BCG GAMMA will cooperate to jointly provide solutions integrating industrial expertise, digital and artificial intelligence (AI) to large industrial groups, in Africa and internationally. An unprecedented collaboration for the implementation of products ranging from production and process optimization, to predictive maintenance solutions. OCP Maintenance Solutions (OCP-MS), a subsidiary of the OCP Group specializing in industrial digitization and predictive maintenance, signs a partnership with BCG GAMMA, the Artificial Intelligence…

Today, Tuesday, June 15, 2021, the day the Moroccan skies reopen, the Moroccan National Tourist Office welcomed the first tourists and Moroccans from the world returning to the country. A “Welcome Back” operation to mark the effective resumption of international tourism activity. Marrakech, June 15, 2021 – Today, Morocco reopens its skies to international flights. This is an important and hopeful moment for all tourism professionals who have been eagerly awaiting this event. Also the ONMT wanted to mark the occasion by organizing a major “Welcome Back” operation at the international airport of Marrakech, one of the main ones in…

This year has welcomed AfCFTA, the pan-African free trade agreement. As of 1st January 2021, AfCFTA has brought in new business standards for 41 countries and 1.2 billion people to increase economic growth across the continent. Alongside that has been an acceleration of digital transformation in the region, heralding a new era of technological advancement. AfCFTA introduces updated trading rules that lower import-export taxes, make commerce more affordable, and increase transaction volume. It means banks in the continent will be primed for pan-African service, a priority that will adjust the importance of ease of payment. Since we began operating in…

The Monetary Policy Committee (CPM) of the Central Bank of West African States (BCEAO) held, on Wednesday, June 9, 2021, its second ordinary meeting for the year 2021, by videoconference, under the presidency of Mr. Tiémoko Meyliet KONE, Governor of the Central Bank, its statutory President. The Committee reviewed the main developments in the international and regional economic situation in the recent period, as well as the risk factors which may affect the medium-term outlook for inflation and economic growth in the Union. Under international conditions, the Committee noted a pick-up in economic activity in the first quarter of 2021,…

The nanocredit adventure continues in the municipalities of Senegal. Podor has had a nano-credit point since Friday, June 11, 2021. The General Delegate for the Rapid Entrepreneurship of Women and Youth Mr. Papa Amadou Sarr launched the Podor nano-credit point under the Presidency of the Mayor of the city, Mrs. Aissata Tall Sall and the presence of the President of the Departmental Council Mr. Mamadou Dia. This launch was preceded the day before by the enlistment of Professional and Interprofessional Organizations of women and young people for whom the first funding was granted thanks to the partners Wave, Yup, Wizall…

Messrs Serge EKUE, President of the West African Development Bank (BOAD) and Lassané KABORE, Minister of Economy, Finance and Development of Burkina Faso signed a loan contract in the amount of 30 billion FCFA relating to the construction and asphalting project of Regional Road No. 11 (RR11) Kolinka-Fara-Poura Carrefour in Burkina Faso. Funding for this project was approved during the 123rd session of the BOAD Board of Directors which was held in May 2021. Its purpose is to contribute to the strengthening of the economic integration of the Boucle du Mouhoun, Center-West and South-West Regions in Burkina-Faso by setting up…

The Board of Directors of the West African Development Bank (BOAD), chaired by President Serge EKUE, announces, on June 9, 2021 in Lomé, the appointment of Mr. Braima Luis SOARES CASSAMA as second Vice-President of the institution for a renewable term of five (05) years. Previously Economic Advisor to the Presidency of the Republic of Guinea Bissau, Mr. SOARES CASSAMA held in Guinea Bissau, several positions related to finance and the economy, including that of Minister Delegate to the Treasury, in charge of fiscal affairs and public accounts . He also served as deputy to the Director of credit institutions…

The French Development Agency (AFD) signed on June 3, 2021, on the occasion of the High Council for Cooperation between France and Tunisia, a tripartite agreement with the National Water Exploitation and Distribution Company (SONEDE) and the company Aquassay for the financing of an innovative project which aims to improve the performance of two desalination plants in Djerba. Intense water stress and climate change threaten to strongly impact Tunisia’s development. SONEDE therefore initiated a national program to strengthen water resources and secure the drinking water supply, using unconventional resources such as desalination of brackish water and now seawater to cover…

On the occasion of the visit to Côte d’Ivoire of Jean-Yves Le Drian, French Minister for Europe and Foreign Affairs, Proparco and Emerging Africa Infrastructure Fund (EAIF) signed this morning a loan of 165 million. euros and a grant of 13 million euros to finance the Biovea project in Côte d’Ivoire. The plant will be the first in Africa to produce renewable energy, from biomass, to feed it into the national electricity grid. The financing was granted by Proparco, a subsidiary of the Agence Française de Développement (AFD) group dedicated to the private sector, and Emerging Africa Infrastructure Fund, to…

The CEO of AXA Côte d’Ivoire, Roger Boa Johnson, received on Tuesday June 8, 2021, the CEO of the ASCOMA group, Chedid Farid, present in Abidjan as part of the celebrations commemorating the 60 years of ASCOMA Côte ivory. With his teams, the CEO of Axa wished AKWABA to the CEO of Ascoma in the pure African tradition. As a reminder, Farid Chedid is the founder of the Lebanese investment company Chedid Capital Holding, which took over 70% of Ascoma’s capital. The Husson family, founder, keeps 20% of the capital of the 11th French broker.

“Rwanda is a country open to business, regardless of nationality” The Kigali International Financial Centre is aiming to become one of Africa’s largest financial centres in the spirit of coordination with the other African financial centres. In this interview, Nick Barigye, CEO of Rwanda Finance Limited, unveiled his country’s strategy to attract global investors and international talents. “We want to connect international investors with opportunities across Africa and to connect African entrepreneurs with global capital”.

Bernard Bartoszek is the new boss of Rawsur SA. The Congolese company therefore sought an expert in insurance in general and African insurance in particular. With 30 years of experience, 20 of which with Axa in France, Bernard Bartoszek also led Ogar, the Gabonese leader in insurance, which he will lead from 2010 to 2016 with remarkable performances. Director of several independent companies, the French executive brings strategy, auditing and above all a huge address book in his bags. As a reminder, Rawsur Assurances is a company of the Rawji Group, a major player in the Congolese economy for over…

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…

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…

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…

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.…

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…

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…

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…

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…

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…