Author: Editor

The United States is holding its breath. After an election given to Democratic candidate Joe Biden by all polls, the reality looks more complicated. The whimsical Donald Trump, chaining the meetings in recent days, has still foiled many forecasts. Thus, Texas, which has voted Republican since 1976, would have remained as deeply red as its oil wells are sunk in its symbolic soil of the military-industrial complex. To win in this federation of 52 states, a candidate must obtain at least 270 of the 538 elected voters at the state level. So far, Joe Biden is ahead of Donald Trump…

On November 2, 2020, in the presence of HE the Ambassador of France to Morocco, Mrs. Hélène Le Gal, the company Casa Transport en Site Aménagé SA and the French Development Agency (AFD) and signed a loan agreement of 1, 1 billion dirhams (100 million euros), associated with a technical assistance grant of 5.5 million dirhams (500,000 euros). This new financial and technical support from AFD to Casa Transport consolidates the quality of their partnership relations and will (i) expand the public transport offer accessible to as many people as possible, (ii) promote the use of a clean and low-carbon…

The Arab Bank for Economic Development in Africa (BADEA) is stepping up its partnership with the International Islamic Trade Finance Corporation (ITFC) to help African countries fight COVID-19 by signing a joint program within the framework of of the Arab African Trade Bridges (AATB) program. This signing took place at the headquarters of the International Islamic Trade Finance Corporation (ITFC) between Ing. Hani Salem Sonbol, Director General of ITFC and Dr. Sidi Ould Tah, Director General of BADEA. BADEA’s contribution will finance key initiatives targeting, among others, the health sector and pharmaceutical products in Africa, especially with the implementation of…

In a publication dated Sunday, November 1, opposition activists announced on social networks that during the opposition’s declaration announcing the failure of the presidential election on October 31, there was a diplomatic ballet at the residence of Konan Bédié, in particular the ambassadors of the United States and France. Faced with contradictory statements on the political situation in Côte d’Ivoire following an uncertain tomorrow’s election, the United States has made known its position to dispel any ambiguity. The United States Embassy denies this denial through its twitter account: “The US ambassador did not meet with Bédié this weekend. The United…

Sudanese Prime Minister Abdalla Hamdok and Economic Commission for Africa (ECA) Executive Secretary Vera Songwe on Friday launched a new publication proposing actions to be taken to stem financial flow leaks illegal before they leave the African coast. The report notes that once these resources leave Africa, recovering them involves a complicated process requiring capacities often scarce in African countries. In addition, the speed and ease of losses beyond national borders easily cross the lines of defense of Africa’s national financial security. This trend, says the report, must be stopped. The report, titled “The Institutional Architecture to Combat Illicit Financial…

Called “HPS Tv”, the New Cameroonian Channel, a subsidiary of HPS International Consulting S.A, is the very first economic and financial information television channel in CEMAC. On October 20, 2020, the firm HPS International Consulting S.A Cameroon obtained the green light from the Ministry of Communication for the launch in Cameroon of its television channel “HPS Tv”. The channel is intended to be an economic and financial information media whose editorial line is communication on the economic performance and growth potential of financial institutions, SMEs and public and private organizations. Designed as a space for reflection, analysis and expertise, it…

The Attijariwafa bank group organized the first edition of the “African Talents” digital conference, on October 26 and 27, 2020, in Casablanca. Chaired by Mr. Mohamed EL KETTANI, Chairman of the Attijariwafa bank group, and initiated by the Group’s Human Capital department, this edition under the theme “The Development of African Talents, a Major Issue for the Transformation of the Continent” aims to create the conditions constructive synergy and momentum among senior talents, business experts and senior executives on an international and continental scale. Honored by the presence of Mr. Mohcine Jazouli, Minister Delegate to the Ministry of Foreign Affairs,…

Since October 1, 2020, the World Food Program (WFP), the world’s leading humanitarian organization in the fight against hunger and the 2020 Nobel Peace Prize winner, has renewed its partnership with Bolloré Transport & Logistics Cameroon. The company will be responsible for most of WFP’s logistics operations for Cameroon, Chad, Central African Republic, Nigeria and Congo Brazzaville. A traditional partner of Bolloré Transport & Logistics Cameroon, WFP has once again entrusted it with the management of customs formalities as well as the handling, storage and delivery activities of goods intended for humanitarian operations. From the Ports of Kribi and Douala,…

The imminent restitution of works of art to Africa, voted in the French National Assembly, is a reminder that the looting of cultural property is not over. The illicit art market is even used to launder money and finance terrorism. On Tuesday October 6, the French National Assembly unanimously approved a bill restoring to Benin and Senegal cultural property brought to France during colonial times as “spoils of war”. Twenty-six pieces from the Béhanzin treasury, looted from the Abomey palace in 1892, will leave the quai Branly museum for Benin, while Senegal will have to recover a saber and its…

Hearing the Minister of Petroleum, Energy and Mines Abdessalam Ould Mohamed Saleh speak on the matter, one might be tempted to believe that gold is within reach in Mauritania. In a speech held at the end of the days of reflection on artisanal and semi-industrial mines, Ould Mohamed Saleh suggested that the quantity of gold sold over the last eight (8) months by the gold miners who work in the localities of Chami and Gleib Ndour located in northern Mauritania… is around five (5) tonnes. The minister says this amount of gold represents a third of the output of an…

The Financial Afrik group is pleased to announce that the online newspaper Mercados Africanos has just joined the group and that from November 1, 2020, the new magazine of the FA group, in Portuguese language, entitled FINANÇAS AFRIK / MERCADOS AFRICANOS will see the day with a deeply and firmly African editorial line focused on positivism, afrocapitalism and the structural transformation of the continent without hiding the obstacles inherent in this dynamic, with analyzes and information coming directly from its own network of journalists and correspondents in Portuguese-speaking African countries, Portugal and Brazil as well. Nilza Faria, Managing Director of…

On October 1, 2020, Moody’s Investors Service reaffirmed the A1 ‘Perspective Stable’ rating awarded to the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group. This rating is based on “significant capital”, “prudent cash investment practices and adequate liquidity management policies” and “very high implicit support from shareholders”. According to Moody’s, “The implementation of a rigorous liquidity policy since November 2018, as part of the transition to corporate debt, supports the strength of the company in terms of liquidity and sources of funding.” Moody’s also said: “Beyond improving the liquidity risk policy, management has…

By Daouda Bakary Koné This visit by the French Minister of Foreign Affairs comes a few days after the implementation of the transition contributes to the strengthening of cooperation between the two countries. The visit of the French foreign minister to Bamako was announced by the French Ambassador to Mali. On the menu, the signing of major partnership agreements, particularly in the areas of drinking water, energy, sanitation and infrastructure, as well as the empowerment of women. It is for the first time since the August 18 coup that overthrew former President Ibrahim Boubacar Keita that a French official will…

Following the approval by its board of directors of the project to set up financial assistance of 350 million euros from Societe Générale and JP Morgan, BOAD through its president, Serge Ekué, signed , Wednesday October 21, 2020, in Vienna, an agreement with OeEB, the development bank of the Republic of Austria, relating to a credit line of 30 million euros for the financing of the commercial sector of the UEMOA space. The Austrian capital was also the seat of another signature, with a framework agreement between the International Fund for the Development of the Organization of Petroleum Exporting Countries,…

Casablanca, October 21, 2020 – Mazars, an international group specializing in auditing, taxation and consulting, today unveils its new brand identity in more than 90 countries and territories, thus signing a major milestone in the evolution of the company. This brand redesign reflects Mazars’s desire to offer an alternative and bring a different perspective to the audit, tax and consulting market. On the other hand, it reaffirms the group’s commitments to building a just, prosperous and sustainable world. Hervé Hélias, Chairman and CEO of the Mazars Group, declared: “I am delighted to unveil this new identity of our brand and…

“Ladies and Gentlemen of the national and international press, despite the numerous frauds which marred yesterday’s presidential elections in the Republic of Guinea, I came out victorious in the first round. I thank the members and supporters of the Alliance who accompanied me in this election as well as the entire people of Guinea for the confidence placed in me ”. It is with these words that Cellou Dalein Diallo, the president of the UFDG, has just proclaimed his victory following the presidential election on Sunday from his party headquarters. The only body empowered to announce the results, the Independent…

Fed Africa, a multi-sectoral recruitment agency dedicated to Top and Middle Management functions on the African continent, present in Paris and Abidjan, publishes its first study on professional mobility. This survey was carried out among 761 employed candidates or actively seeking for a position between February and April 2020[1]. The study questioned both expatriation candidates (69% of the panel) and those who are already expatriated (31% of the panel). What motivates or has motivated them to leave? How did they find their job? What is their need for support? 97% of candidates ready to move abroad Among the local candidates…

Africa.com is convening thousands of leaders of African businesses, and the highest ranks of U.S. agencies that support African business, to present opportunities for growth through trade, investment and technical assistance. This virtual summit, Africa’s Portal to Doing Business with the United States, will take place virtually on October 14, 2020. The virtual summit, unprecedented in terms of scale, breadth and depth, will convene thousands of c-suite executives and decision-makers at African businesses, large and small, from across the continent. Designed specifically to serve African business leaders, this Virtual Summit is a portal, a one-stop-shop, into the United States Government’s resources…

Dubai, United Arab Emirates, 8 September 2020: Leading Global Forex Brokerage firm , Axiory Global’s CEO Roberto d’Ambrosio wins Best CEO award in the Forex (FX) Brokerage Industry, at the recent 2020 Business Worldwide CEO Awards, for his outstanding work in the area. Axiory is based in Belize and has an authorized representative office in Dubai. Roberto, who is currently the Director and CEO of Axiory Global, has two decades of experience in Compliance and Financial Services along with many years of experience in company leadership. He’s been and continues to be involved in the set-up and management of all…

27 août 2020. ACT Afrique Group announces the appointment of three new independent directors to its board, including its new chairman effective 4 August 2020 : • Prof. Muhammadou M.O. KAH, new chairman of the board Prof. KAH is the founder and Chairman of a Start-up Khamsys Technologies located in Bijilo, The Gambia. Prof.KAH served as the third Vice Chancellor of The University of The Gambia (UTG) (2009- 2015), where he also held the position of Professor of Information Technology & Communications and Overseer of the Gambia College. He was the first Gambian born to lead the UTG and the…

For economics professor Emmanuel NNADOZIE, Executive Secretary of the Foundation for Capacity Building in Africa (ACBF), the Covid-19 pandemic poses a serious challenge to Africa. Tribune.

Alpha Waly Diallo. Once again, Côte d’Ivoire becomes an African concern on the eve of the presidential elections in October 2020 which, according to several observers of the Ivorian situation, in recent years, recall the horrible situations of 2010 with its lots of errors, injustices and flagrant violations of the constitution, in the eyes of some. The political balance of power has evolved since the sudden death of President Ouattara’s successor and former Prime Minister the late Amadou Gon Coulibaly. It would seem that only the candidacy of President Ouattara would prevent this clash within the RHDP party, while…

By Darwis Khudori (Indonesian architect and historian, director of Master’s Degree in Exchanges with Asia at the University Le Havre Normandy, France). Monday, July 20, 2020, I received an Internet link from one of my Algerian students: « La stèle dédiée au Président Soekarno témoigne des relations algéro-indonésiennes » (The stele dedicated to President Soekarno bears witness of Algero-Indonesian relations). The stele was inaugurated on Saturday, July 18, 2020, in Ben Aknoun, a quarter of Algiers, the capital city of Algeria, by a diplomatic representative of Indonesia (H.E. Ambassador Madam Safira Machrusah) and the director general of Asia-Oceania of the Algerian Ministry…

Cairo, 20 July 2020: – The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative. Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the construction of the Rufiji Dam and Hydropower Plant in Tanzania. Afreximbank was appointed as Global Coordinator and Financial Advisory to arrange the guarantee facilities for the project. The transaction won the award for the best structured finance deal in North Africa as part of EMEA…

MN (Flour Mills of Nigeria PLC) the largest Agro-Allied and food group on the Continent of Africa, recently announced its audited financial performance for the 2019/2020. The report released on the 3rd August to the Nigerian Stock Exchange, highlights a number of remarkable achievements despite the prevailing economic headwinds and difficult operating terrain in Apapa, Lagos. In line with the group’s management focus of developing Nigeria’s self-sufficiency within the agricultural value chain, FMN has invested heavily (over 150 billion Naira) in recent years to ensure Nigeria has the infrastructure and capabilities to create its own raw materials to support the…

Customizable, cloud-based humanoid robot to optimize the human experience, improve work efficiency and reduce costs DGWorld, the leading AI and Digitalization Company, has launched the new version of its humanoid robot at the Ai Everything Summer Conference held on July 16, 2020 at the Dubai World Trade Center. WIZO serves a multi-functional purpose in pushing beyond the boundaries and limitations of a service robot with big data analysis & management, centralized control system, safe & secure database, multimodal interaction, flexible movement, facial recognition, speech engine, proprietary SLAM technology for autonomous navigation, and automatic docking & recharging. Eng. Bilal Al-Zoubi, Founder…

July 15, 2020: Large shipping losses are at a record low having fallen by over 20% year-on-year, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2020. However, the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges.

By Gérardine Mahoro, CEO ACT05 (www.act05.com). Public and private african affairs expert, in Africa and between Africa and Europe. Europe celebrates its 75th anniversary, the opportunity to make an inventory and think the way to cross the particular conjuncture which the world is going through, for better change management. Paradigm shifts at a glance in the way of doing business, of cooperating and even from a social and cultural point of view. These changes started on their own several years ago, leaving everyone in a reaction position, until social movements and the pandemic came to put things in place, forcing…

– Governments and development partners must respond in a more coordinated, targeted, and rapid manner to be effective in limiting impacts – An additional 49 million Africans could be pushed into extreme poverty by the pandemic and its aftermath; West and Central Africa stand to be worst hit Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African Development Bank, released on Tuesday. In a comprehensive socio-economic assessment of the pandemic’s impact, the Bank said growth was now projected to rebound to 3% in 2021 from -3.4% in the worst-case…

By Alassane Ndiaye*. “The turn of events since the warning shot fired by the US Secretary of the Treasury with his letter addressed to the Chairwoman of the Board of Governors of the African Development Bank on May 22nd is worthy of a thriller series, drawing comments and prognosis from all over, and all equally divergent over the course of the various episodes. Although the series began airing in January 2020 with a staff complaint filed with the AfDB’s Office of Integrity, followed by the episode in which the same group, seemingly unsuccessful the first time, escalated then by…