Author: Editor

On Wednesday, March 13, 2019, Bolloré Transport & Logistics signed with CLS Logistics, its partner for over 11 years, a memorandum of understanding to create a joint venture. The signing took place in Addis Ababa in the presence of Jean-Yves Le Drian, Minister for Europe and Foreign Affairs. Bolloré Transport & Logistics and CLS, which already provide transit and logistics services in Ethiopia, offer customers services that meet the highest international standards. More generally, they aim to improve the supply chain of the country’s strategic sectors, such as textiles, coffee, industrial projects and infrastructure, following the opening of the logistics…

The Director General of the Ivory Coast Coffee-Cocoa Council, KONE Brahima Yves, received in audience a Dutch delegation of 35 businessmen led by the Ambassador of the Netherlands to Abidjan, Mr Robert VAN DEN DOOL. The purpose of the meeting was to encourage the visiting party to become involved in the local processing of cocoa...

Following the crash of Boeing 737 Max of Ethiopian Airlines flight ET302 of March 10, 2019, insurers Chubb Limited, world leader, and its broker Wilis Tower Watson, which insure the Ethiopian company on the one hand, and, on the other hand, the British Global Aerospace (which insures Boeing, via broker March) have their eyes and...

With or without Karim Wade and Khalifa Sall, President Macky Sall would get 58%. This observation is from the statistician and economist engineer Moubarack Lô, who became famous in 2012 by predicting the victory of Macky Sall in the Senegalese presidential elections at a time when analysts were expecting a duel in the second round...

At the Africa CEO Forum on 25-26 March 2019 in Kigali, Rwanda, Bolloré Transport & Logistics is announcing the launch of AEROHUB, a new 15,000-m2 platform in Cote d’Ivoire in April 2019. Located near Abidjan international airport and less than 15 km from the port terminal, AEROHUB will foster the development of national and sub-regional logistics activities. AEROHUB is a new tri-temperature platform – with negative cold (-20°C), positive cold (2°C to 10°C) and ambient temperature – designed for the reception, storage and distribution of a range of goods, including food products (dry, fresh and frozen), pharmaceutical products and high-value-added…

On April 11, tech and finance leaders, policy makers, and investors from across Africa and the United States will gather at the Institute of Peace in Washington to discuss the future of financial technology. The Africa Fintech Summit (AFTS) will open with an address by Jim Ovia, Chairman and Founder of Zenith Bank and one of the continent’s most prominent entrepreneurs. Speakers will include Worku Gachou, Managing Director for Africa at OPIC; Olugbenga Agboola, Co-Founder and CEO of Flutterwave; Iyin Aboyeji, Founder of Street Capital; Nick Talwar, Partner at APIS; Stanley Jacob, Chairman of the Committee of e-Banking Industry Heads;…

Meeting last week in Bangui (Central African Republic), the Franc Zone Convergence Committee (COCOZOF) carefully avoided the annoying subject, namely the recurrent criticisms of “the only stable currency” between Cape Town and Cairo, as had been to blow him a high official Ivorian. At the meeting, Clément Belibanga, CEMAC Commissioner in charge of Economic, Monetary...

Professor Pius Adesanmi was aboard the Boeing 737 Max of Ethiopian Airlines which crashed on the morning of 10 March in Addis Ababa. He was on his way to Nairobi as a participant in the ECOSOCC meeting organized by the African Union. Pius Adesanmi was born in Isanlu, Yagba East Local Government Area, Kogi State, Nigeria. He holds a BA (First Class Honors) from the University of Ilorin in 1992, a Master’s degree in French from the University of Ibadan in 1998 and a PhD in French Studies from the University of British Columbia in 2002. From 2002 to 2005,…

Oil production in Southern Sudan is expected to reach 350,000 barrels per day by mid-2020. This is the goal displayed by the oil minister, Ezekiel Lol Gatkouth, who links these forecasts to the return of peace. South Sudan seceded from Sudan in 2011 when production peaked at 350,000 b / d before the outbreak of...

After the Ethiopian Airlines Boeing 737 MAX crash on March 10, a few minutes after take-off, reactions are immediate in the aeronautics and aviation sector in general, but also among insurers. The company bereaved by the death of the 155 passengers and crew decided to immobilize all of its B 737 MAX. For its part,...

As the first international event bringing together all the players in global governance, the Paris Peace Forum returns for its second edition from November 11 to 13, 2019, at the La Villette Grande Halle, and launches its new call for projects on March 13, 2019. Pascal Lamy, formerly President of the Orientation Council, was elected President of the Executive Council of the Paris Peace Forum, an association that brings together the six organizations that founded it (IFRI, Institut Montaigne, Ministry of Europe and Foreign Affairs, Sciences Po, Mo Ibrahim Foundation, Körber Foundation). The Orientation Council, made up of sixteen governance…

The annual nomination meeting of the Selection Committee of The Africa Road Builders – Babacar Ndiaye Trophy was held on March 20 and 21, 2019 in Nairobi, Kenya. The meeting was attended by representatives of several media from different sub-regions of Africa. The Committee also recorded the participation of road and transport experts, as well as invited observers for the occasion. The Selection Committee worked on the basis of the 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 on road…

Following highly successful events in Washington and Lagos in 2018, the Africa Fintech Summit (AFTS) returns to Washington this April, ahead of the Spring Meetings of the World Bank Group and the International Monetary Fund. Through a strategic partnership with Congo Business Network, the AFTS seeks to engage Congolese professionals and entrepreneurs who are working to revolutionize the pan-African technology ecosystem On April 11, tech and finance leaders from across Africa and the U.S. will gather at the Institute of Peace in Washington, DC to discuss the future of financial technology. Among its strategic partners is Congo Business Network, an…

Digitization has been variously described as pivotal in ramping-up revenue collection for financing Africa’s development. This convergence of views characterized discussions at one of the plenary debates of the 38th meeting of the Committee of Experts of the ECA Conference of African Ministers of Finance, Planning and Economic Development, taking place in Marrakech, Morocco. Convened to critically discuss and share experiences around the theme: “Fiscal policy, trade and the private sector in a digital era: a strategy for Africa,” the experts mainly evoked questions of speed and productivity, governance, timeliness and cybersecurity associated with digitizing fiscal regimes. “Digitalization has the greatest potential to…

Written by Eric MANIABLE and Raissa FOTIA SANTSA. In the previous episode, our actuaries had built surrender rate tables based on the seniority of the contracts. The objective was to be able to estimate the volume of redemptions that should be observed in the year to better manage cash. However, the DAF has read somewhere that there are two types of buybacks. So-called structural buy-backs, which represent the “natural” part of insured persons who are in need of cash. These repurchases are reputed to be independent of the evolution of the financial markets and the policy of revaluation of the…

The CEO of the Ethiopian Airlines group deeply regrets the fatal accident of flight 302 of March 10, on a planned flight from Addis Ababa to Nairobi. The group GM who is on the scene of the accident at the moment is sad to confirm that there are no survivors. He expresses his deepest sympathies and condolences to the families and loved ones of the passengers and crew members who lost their lives in this tragic accident. Ethiopian Airlines will post additional information as soon as it becomes available. Updated information will also be available on the Ethiopian Airlines website…

ACCRA, Ghana. 18 March marked the start of structured dialogue around Nationally Determined Contributions (NDCs) at Africa Climate Week hosted by the Ghana Government. Delegates from all over the world gathered in Accra to, “discuss climate change actions and to strengthen stakeholders’ engagement in key sectors including energy, agriculture and human settlements. This very important event highlights Africa’s commitment to the implementation of NDCs in the lead up to the United Nations Summit for Climate in New York later in the year. The United Cities and Local Governments of Africa’s (UCLG Africa) Climate Task Force are playing a critical role…

A few weeks before the oil summit in Malabo (APPO Cape VII) , Ann Norman, Africa Managing Director of Pioneer Energy, gives us her thoughts on the business environment in Africa and the outlook for the oil and gas sector.

The information went around Mauritanian social networks. President Mohamed Abdel Aziz would hold a $ 2 billion (720 billion Ouguiyas) credited account in Dubai. The US Treasury would have “frozen” this account housed in a “Mauritanian fund”, we curse without any other form of precision. Several Mauritanian netizens, warmed to white by what gathered to...

Immediately following the tragic accident, Kenya’s Transport Minister James Macharia and Kenya Airport Authority (KAA) General Manager Jonny Andersen held a press conference on March 10, 2019. The 149 passengers and eight crew members would be flying Ethiopian Airlines, ET302, which ensured, Sunday, March 10, the Addis Abeba- Nairobi, Kenya, all died. There were 33 nationalities on board. In all, 32 Kenyans, 18 Canadians, 9 Ethiopians, 8 Chinese, 8 Italians, 8 Americans, 7 French, 7 British, 6 Egyptians, 5 Dutch, 4 United Nations (UN) staff, 4 Indians, 3 Russians, 2 Morocans, 2 Israelis, 1 Belgian, 1 Ugandan, 1 Yemenite, 1…

Founder and CEO of Janngo, a term that means “future” in Fulani, this 32-year-old Senegalese entrepreneur with pegs in her body. With the provision of digital platforms serving African startups and SMEs, she is fulfilling her dream of investing and undertaking in pan-African digital champions with proven business models and inclusive social impact. “By developing solutions to improve logistics for export, I hope to propel Africa, which currently accounts for only 3% of trade in global trade,” she said between two planes in Paris and Abidjan where she has her offices. 1 million euros Its first round of € 1…

In the secular conservatism of the Arab-Muslim world, Tunisia has broken an old taboo. Everything went in August 2017 when Beji 90 year old Caid Sebsi, president of the country’s Maghreb and Mashrek lab, has set up a commission for individual freedoms and equality. The commission’s recommendations resulted in a bill defended by the executive....

In a new report on Moroccan banks, an improved version of the two previous ratings of 2013 and 2016, the rating agency Fitch Ratings points to a low equity of the seven major banks of the kingdom (among others, Attijariwafa bank and BMCE Bank Of Africa). Another conclusion noted is the alarming proportion of outstanding...

The President of Equatorial Guinea, the Secretary General of OPEC and 20 African Ministers of Oil and Gas will host Africa’s largest gathering in the energy sector. The Cape VII congress and exhibition of the African Organization of Petroleum Producers, to be held from April 2 to 5 in Malabo, is expected to bring together the top officials of the oil and gas sector, the main ministers of energy of the continent and international political leaders. President Obiang Nguema Mbasogo of Equatorial Guinea and Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, will speak at the seventh summit of…

Under the High Patronage of His Majesty King Mohammed VI, may God assist, the 6th edition of the Africa Development International Forum, organized by the Africa Development Club of the Attijariwafa bank group, will be chaired by His Excellency Mr. President, Retired Brigadier, Mr. Julius Maada Bio, from the Republic of Sierra Leone. Accompanied by a strong delegation, the President of Sierra Leone, Brigadier Retirement, Julius Maada Bio, will chair the launch of this edition; centered on: • economic advocacy with regard to intra-African integration • the networking of countries and investors in the Investment Market; and • connecting more…

Experts from the African Union who will report to the heads of state. By Rodrigue Fénélon Massala, special envoy to Yaoundé. The 3rd Specialized African Union Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration is being held in Yaounde from 4 to 8 March under the theme “Public Policies for Productive Transformation”. The participants address various themes including productive transformation in Africa, the role of regional integration and the private sector, transformative leadership and Africa’s productive transformation. The meeting takes place in a context where subregional and regional harmonization is a problem in some parts of the continent,…

Allianz Africa formalizes its new strategic skills cluster in Africa, according to a statement from the group to Financial afrik. After Casablanca and Nairobi, it is now in the Ivorian economic capital that Allianz Africa concentrates its operational teams to pilot its transformation and improve the service delivered to its customers and partners. For the past three years, the group has identified Africa as a major growth driver and has made significant investments to expand its business in high-growth countries. In order to support its ambition, Allianz has initiated an operational transformation with the aim of bringing the best of…

AUDA-NEPAD hosts the 3rd Africa CSA Alliance Forum Following the success of the first two Africa Climate Smart Agriculture (CSA) Alliance Forums in 2015 and 2016, AUDA-NEPAD and the African Union Commission, with support from GIZ and Norad, are convening the 3rd Africa CSA Alliance Forum from 27-28 March 2019 in Dakar, Senegal. Under the theme “Towards Vision 25×25 – Taking stock of CSA in Africa” the Forum aims to review progress made towards Vision 25×251, and share lessons and insights on how to drive sustained adoption of CSA in the African context. The Forum will also discuss how CSA…

 The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said on 12 March during a factoring promotion conference held in Gaborone that factoring, a form of trade finance provided a solution to address the SME financing gap and would help innovative SMEs to grow and support Africa’s structural transformation and trade development. Ms. Awani, who noted that access to appropriate and affordable…

By Pierre Delval, chronicler. On April 15, 2018, in issue 49 of Financial Afrik, I devoted a full column on the criminological deciphering of cryptocurrency. I cautioned, in particular, the unwary who would be tempted to minimize the weight of potentially tortious transactions in this financial market of a new kind. And, without taking too much risk, I felt that this lark mirror would become, sooner or later, a target of choice for criminal organizations. While I was writing this analysis, criticized by the Bitcoin, Litecoin, Peercoin, Namecoin and other cryptodevises aficionados, a character, as he knows how to…