Author: Rédaction Financial Afrik

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…

The strategy to protect local milk in the region is still not funded by ECOWAS and its member states On the occasion of the celebration of World Milk Day, marking the 3rd anniversary of the “My milk is local” initiative, more than 55 organizations of local milk producers from Burkina Faso, Mali, Niger, Senegal, Mauritania and Chad accompanied by a large coalition made up of regional farmer organizations, consumers, researchers, NGOs, mini-dairies and local industrialists have combined their voices to ask the heads of State of ECOWAS member countries to finance the national milk action plans arising from the regional…

France announces a 1 billion euro plan to strengthen cyber security. The US president signs an executive order on cybersecurity that provides for the establishment of a cyber incident review committee by creating a body that would investigate major hacks. Faced with the risks induced by the numerous digital transformation projects initiated by several African countries, the issue of digital security or even cyber security is more than ever a national security priority. In this interview, Didier SIMBA, Head of Information Systems Security (RSSI), President and Founder of the Club of Experts on Information Security in Africa (CESIA), explains the…

The shareholders of the company Bernabé Côte d’Ivoire, a subsidiary of the multinational of the same name and specializing in the marketing of hardware products, will be weaned, for the second consecutive year, from dividends for the financial year 2020, according to the financial statements of summary verified by the statutory auditors and made public by the managers of this company based in Abidjan. In fact, in the profit allocation plan for the fiscal year ended December 31, 2020, which will be submitted for approval to the Ordinary General Meeting of June 28, 2021, no amount was mentioned under the…

StarNews Mobile, the main mobile video network enabling celebrities and influencers to monetize their fan bases in Africa, has announced its agreement with Orange Content, a subsidiary of Orange SA, to give access to its high-quality video platform to 150 million Orange subscribers in 15 African countries. Through this alliance, StarNews Mobile and Orange will fulfill their joint commitment to provide Orange subscribers with the most relevant local video content, while creating a new revenue model for the talented but too often overlooked African content creators. The challenge is great: Africa has 650 million mobile phone users, more than the…

Cameroon’s Minister of Housing and Urban Development, Ms. Célestine Ketcha Courtès, will assume the presidency of the AGM Bureau during the company’s 40th AGM. Nairobi: May 28, 2021: Kenya Transport, Infrastructure and Housing Cabinet Secretary James Macharia, who is the current Chair of the Shelter-Afrique Annual General Assembly (AGM) Bureau, will convey the coat to the Minister of Housing and Urban Development of Cameroon, the Honorable Célestine Ketcha Courtès, during the 40th AGM of the Company and the annual housing symposium which will take place from June 20 to 26, 2021 in Yaoundé, Cameroon. Ms. Courtès was elected first vice-chair…

Relief and hope are the feelings best shared by the women and other actors of the Yoff Fishing Pier following the opening of the DER / FJ nano-credit bureau this Thursday, May 27, 2021. The official launch ceremony of this nano-credit bureau took place under the chairmanship of the Minister Delegate General of the DER / FJ Mr. Papa Amadou Sarr, the Mayor of the Municipality of Yoff Mr. Abdoulaye Diouf Sarr and in the presence of the managers of the Yoff fishing wharf , beneficiaries, DER / FJ partners and the Pikine Fish Market Director. The establishment of the…

The Attijariwafa bank group and Al Amana Microfinance, faithful to their vocation as benchmark societal players committed to strengthening access to financial services and proactive financing for very small businesses and project leaders, are joining forces through an innovative mechanism of financing for these operators. It is thus, and within the framework of a common ambition to support the dynamic growth of the entrepreneurial fabric, that the two parties concluded a partnership agreement on May 26, 2021 in the presence of Mr. Mohamed EL KETTANI, Chairman and CEO. General of the Attijariwafa bank group, and Mr. Ahmed GHAZALI, President of…

Ecobank Transnational Incorporated (“ETI”), parent company of the Ecobank Group, the leading pan-African bank present in 34 countries, today held its 33rd Annual General Meeting (AGM) and Extraordinary General Meeting online. The President of the Ecobank Group, Mr. Alain Nkontchou, clarified: “I became President of the Ecobank Group in June 2020, when our world was already facing the Covid-19 pandemic. We have offered our support in many forms to customers, employees, communities, health authorities and governments. Thanks to our multiple distribution channels and our substantial investments in technology, we have been able to ensure flawless service continuity. We intend to…

Scholarship applications will open on May 3, 2021 for entrepreneurs working and living in Ethiopia, Ghana, Nigeria, Kenya, Rwanda, Senegal and Uganda. MIT’s Legatum Center for Development and Entrepreneurship has launched the Foundry Fellowship, a groundbreaking leadership program for successful entrepreneurs who are reflecting on their role in shaping the future of the African innovation ecosystems in which they work and live. . At an inflection point in their entrepreneurial journey, fellows will learn from MIT faculty how to connect with investors and expand their network of innovative peers. The scholarship is open to entrepreneurs who work and live in…

On the sidelines of the second stage of its “Regional Investment” roadshow, which took place on Tuesday, May 25 in Rabat, the BCP group signed a partnership agreement with the Moroccan Agency for Energy Efficiency (AMEE). This aims to encourage the decarbonisation of companies in order to enable them to improve their competitiveness and reduce their carbon footprint. This meeting was broadcast online in real time, in strict compliance with the health rules imposed by the local authorities. In the preamble, Mr. Mohamed Karim Mounir, President of the BCP group addressed a word of welcome to all the participants. In…

The Board of Directors of the West African Development Bank (BOAD) met by video-conference for its 123rd ordinary session, under the chairmanship of Mr. Serge EKUE, Chairman of the Board of Directors, President of BOAD. After approving the minutes of the 122nd meeting, held on March 17, 2021, the Board examined and approved four (04) financing proposals for a total amount of CFAF 95 billion, a proposal for the reorganization of loan conditions and a short-term credit line in favor of BOAD. These new approvals bring BOAD’s total commitments (all operations combined) to 6,430.2 billion FCFA since the start of…

Under the chairmanship of Mr. Tiémoko Meyliet KONE, Governor of the BCEAO, President of the sub-regional banking supervision body, the General Secretariat of the Banking Commission organized, on Friday May 21, 2021 by videoconference, the first meeting with the Directors Generals of large-scale Decentralized Financial Systems (SFD) established in the UMOA. Commonly known as microfinance institutions, MFIs provide financial services to people who generally do not have access to the services offered by banks. Those whose outstanding deposits or loans reach at least 2 billion FCFA are among the institutions subject to the control of the Banking Commission of the…

Bolloré Transport & Logistics Chad and the Christian Association for the Development of Education for Children in Need (ACDEED) signed on Monday May 17, 2021 a sponsorship agreement in the amount of 6.5 million FCFA (i.e. 10,000 euros) to support the education of 100 young girls from the public schools of Walia Gore in N’Djamena and Delebe & Bougoumene in the sub-prefecture of Loumia. The ACDEED association, founded in N’Djamena in 2014, was selected via the Earthtalent platform, the Bolloré Group’s solidarity program. This funding will allow ACDEED promoters to prepare for the start of the 2021/2022 school year by…

French President Emmanuel Macron spoke on Tuesday on the political situation in Mali, which is experiencing a second coup in less than 10 months. For him, “what was carried out by the military coup d’etat is a coup d’etat. This is unacceptable, “he said in a post on his Twitter account. “We are ready to take targeted sanctions on the protagonists”, concludes the French president. This stance against the coup leaders led by Colonel Assiit Goïta forces a reminder of Emmanuel Macron’s reaction to the events following the death of Chadian President Idris Deby Itno. A case in point where…

On Friday May 21, 2021, the government of the Republic of Benin and the SONATEL group formalized the delegated management of the Société Béninoise d’Infrastructures Numériques (SBIN) SA The official signing ceremony of the delegated management agreement, was co-chaired by the Minister of the Economy and Finance, Mr. Romuald WADAGNI, the Minister of Digital and Digitization, Mrs. Aurelie ADAM SOULE ZOUMAROU and the Special Advisor to the President of the Republic, Mr. Johannes DAGNON, we read on the official website of the government of Benin. Mr. Marc-André LOKO, outgoing CEO of SBIN SA, recalled the many projects successfully undertaken in…

The members of the Selection Committee of The Africa Road Builders – Babacar NDIAYE Trophy met on May 05, 2021 by videoconference, as part of the annual meeting to designate the winner of the Super Prize Grand-Bâtisseur – Babacar NDIAYE Trophy. The meeting was attended by representatives of several media from all sub-regions of Africa. The Selection Committee worked on the basis of the 2021 report made by the Media Network for Infrastructure and Finance in Africa (MIFA). The Selection Committee also took into account the public reports of international institutions and organizations in the field of road and transport…

Banque Populaire launched on Wednesday May 19, 2021 in Fez “Les Régionales de l’Investissement”, the first step in a series of 10 unprecedented regional meetings across the Kingdom, in the service of economic recovery. First step of its roadshow “The Regional Investment”, which takes place until July 08, 2021 in 10 large cities of the Kingdom, the Banque Populaire organized Wednesday May 19 in Fez a first meeting in the form of a webinar, in the strict compliance with health rules and monitored directly by more than 300 economic operators. The kick-off of this event, which is part of the…

The year 2020 was marked, in Côte d’Ivoire as in the rest of the world, by an economic and health crisis, due to the explosion of the COVID19 pandemic. In this context, it seemed important to us, for this year 2021 which should correspond to a pivotal year, to lay the groundwork which would allow an effective exit from the crisis for the Ivory Coast. This edition of the Country Risk Conferences will thus place particular emphasis on the impacts of the health crisis on the economy and on populations; the various panels will also discuss, and this is the…

The Comorian President, Azali Assouman, is attending the summit on the financing of the African economies most affected by COVID-19 on May 18, 2021 in Paris. While the pandemic is responsible for the decline in African GDP by 1.9% in 2020, the Comoros will post economic growth of 0.2% in 2020 against an initial projection of 4.5% according to the Central Bank of the Comoros. For the archipelago, quick and immediate solutions are needed to stay on the path to emergence. Announced last April, the summit on the financing of African economies opens this Tuesday, May 18 in Paris. Around…

At the end of its first financial year, on April 30, 2021, the FCP SOAGA EPARGNE ACTIONS recorded a performance of 27.26%. This performance, achieved while the market has alternated between bearish and bullish trends, confirms the relevance of the choice of SOAGA, to launch an equity fund in a bearish context. For Mr. Dally GOTTA, manager of the equity fund, this performance is a source of satisfaction, as this fund is part of SOAGA’s vision of offering its savers dynamic and competitive products. The SOAGA ÉPARGNE ACTIONS FCP is a fund accessible to all. Units initially valued at FCFA…

The UEMOA Regional Mortgage Refinancing Fund (CRRH-UEMOA), in partnership with the World Bank, organized on Monday 3 and Tuesday 4 May 2021, by videoconference, a second training workshop on “ENVIRONMENTAL RISK AND SOCIAL HOUSING LOANS IN UEMOA ”. This workshop is in line with the recommendations for the regular republication of the workshops on the environmental and social risk of home loans from the first workshop. The objective of this workshop is to build on the achievements of the first workshop on best practices for managing the environmental and social risks of housing loans in each country of the Union…

Douala, Cameroon – 11 May 2021 – Maviance PLC (www.smobilpay.cm), a Cameroon-based fintech, announced today that it has closed its Seed investment round of USD 3 million from the pan-African digital payments hub MFS Africa, which comes on board as a strategic investor. Maviance will be using the new funding to increase its footprint in its Cameroon and to expand into other countries in the central African economic region (CEMAC). Maviance chose MFS Africa as an investor to leverage on its pan-African infrastructure and its vast product offering and partnerships to deliver new digital financial products in the CEMAC region.…

Millions of unbanked and financially excluded residents in the DRC will have access to formal financial and digital services Mastercard technology to enable the development of various digital payment solutions The partnership is aligned with the DRC’s National Digital Plan (PNN) Mastercard has partnered with Billetera, Kenya, to provide millions of residents of the Democratic Republic of Congo (DRC) with access to formal financial and digital payment services. The partnership aims to support the vision of the DRC government, which, under the leadership of President Félix Tshisekedi, has an ambitious digitization program aligned with the country’s National Digital Plan…

WIC Capital and WE! Fund, a fund of the Sovereign Fund of Strategic Investments (FONSIS) of Senegal and UNCDF (United Nations Capital Development Fund) dedicated to SMEs, announce their investment in the Senegalese startup MBURU. MBURU is a bakery brand created in 2019 in Ngaparou, in the Thiès region, by Ms. Isseu DIOP SAKHO and operated by the company PATRIA. MBURU specializes in the production and marketing of breads, pastries and pastries made from local raw materials (millet, corn, sorghum, seasonal fruits, etc.). These cereals are still little used in Senegalese bakeries despite their nutritional value and local availability. MBURU…

Accused by the General Inspectorate of Finance (IGF) of being the “intellectual responsible” for the “financial debacle” of the agro-industrial project of Bukanga Lonzo, the former Prime Minister Augustin Matata Ponyo, who became a senator, denounces a file ” riddled with lies ”. He is the subject of a request for a waiver of immunity by the justice system which has seized the upper house of Parliament. “If respect for the truth was respected, we would not even have asked for the lifting of immunity because the file of the General Inspectorate of Finance on which the initiative of this…

Air Senegal will connect Washington via New York at the rate of two frequencies per week from September 2. As of this date, Air Senegal will be the only African company to operate regular direct flights between the United States and Senegal. This connection will be made by Airbus A330 neo, an ultra modern aircraft, equipped with the latest generation amenities. Attractive prices, easy and fast connections via Dakar: The fares are already available for sale with attractive prices for all the destinations served by Air Senegal which connect in both directions via Dakar. Flight schedules will also facilitate connections…

(Premium article offered) In Guinea, a rather curious provision of an order signed by the Minister of the Budget, Ismaël Djoubaté, worries investors. Indeed, decree A / 2021/816 / MB / CAB / SGG of April 27, 2021 applying the provisions of article 16 of the 2021 Finance Law cancels all tax and customs exemptions granted by agreements not ratified by the National Assembly as well as the Exemption Decrees. This in a context of fundraising after the presidential elections of October 2020 and the disbursements made to fight against the Covid-19 pandemic. The decree and its retroactive effect are…

Enrich in Africa (EIA) is launching a 3-month call for projects “Bees soft-landing program powered by EIA”, which intends to select 10 African entrepreneurs, start-ups or SMEs. Bees soft-landing program is initiated and funded by the European Commission through a consortium of twelve African and European organizations (streinbeis 2i, Bpi France, Impact hub, Methys Group, etc.). The objective of this project is to support African entrepreneurs in the development of their business in Europe and, also, to reconnect the entrepreneurial ecosystems of these two continents.The soft-landing program will allow entrepreneurs to participate in development training. international included in the project.…

The Development Innovation Fund (FID) is an innovative initiative to support innovations that help reduce poverty and inequalities in the world. Through grant funding following flexible modalities, the FID enables innovative and research teams to test new ideas, take strategic risks, demonstrate what works and deploy on a large scale the solutions that have the most positive impact. and the most efficient for reducing poverty and inequalities. A new innovation fund for development (FID) has been set up by the French Development Agency (AFD) since December 2020. Open and flexible, FID finances any innovative solution that aims to fight against…