Author: Editor

The French Jacqueline Casalegno, founder of the company Chanas Assurances died on January 23, 2019 in Douala at the age of 93 years. By Achille Mbog Pibasso, Douala. Exit definitely Jacqueline Casalegno of Chanas assurances. Although removed from the company’s day-to-day management for the last six years, the former all-powerful President and CEO (CEO) has not survived an illness that was gnawing at her despite a retirement in the peaceful highlands. of the West, particularly in the department of Noun where it has a vast land area. His first fight, he lost in 2013 when it was necessary to comply…

Block R has been returned to the State; The Ministry of Mines and Hydrocarbons reiterates its openness to more investment in the hydrocarbons sector and recognizes Ophir’s commitment to Equatorial Guinea. The Ministry of Mines and Hydrocarbons of Equatorial Guinea has confirmed that the production sharing agreement for Ophir Energy’s Block R has not been extended. The ministry issued a notice informing the London-based company of its decision in December after Ophir’s exploration license expired. As a result, Ophir is no longer the operator of the block, which is now returned to the state. “The ministry highly appreciates and appreciates…

It is one thing to be told, by mainstream thinking, that economic intelligence (IE) is the research and dissemination of information useful to economic actors. Another is to practice it in hostile territory or in a tropical environment in the face of actors without faith or law. In this case, the EI is to defend, attack and influence, under penalty of disappearing from the market. Field control is vital. By Guy Gweth * The African terrain is marked by its 15 glorious (2000-2015) during which the continent has gone from being a desperate continent to a hoped-for market. 15 years…

By Achille Mog Pibasso, Douala. The Central African Banking Commission (COBAC) declared that the approval of the Bank of Africa group (BOA) to open a subsidiary in Cameroon has lapsed. The decision of the banking regulator in Central Africa, disrupts the banking system in Cameroon where Moroccan groups are present. In addition to Attijariwafa Bank...

By Florent Gbongué, PhD * WAEMU countries have drawn up ambitious national development programs with a view to achieving emergence within a given horizon [1]. Note that the implementation of these programs requires the mobilization of significant resources, which are internal (tax revenues) or external (debts). In this article, we are interested in the optimal mobilization of external resources through the determination of the optimal cost of borrowing on the WAEMU regional financial market. Introduction The analysis of coupon rates on government securities of the countries of the union reveals the existence of implicit rate spreads (STIs) or implicit risk…

The Islamic Research and Training Institute (IRTI) has participated in an international conference for waqf in Guinea, organized by the Islamic Development Bank (IsDB) from 16-17 January 2019. President of the IsDB, Dr. Bandar Hajjar, along with several heads of state, inaugurated the conference, which addressed challenges facing the waqf institution, and discussed potential innovative solutions for the development of the sector. Speakers from the West African region and beyond participated in the conference. The first day of the conference had four sessions that discussed unlocking the potential of waqf to achieve sustainable development, success stories of waqf projects in…

Founded in 2013 in Lomé, Togo, AGR, a key player of the green economy and waste recycling sector in sub-Saharan Africa, places waste at the centre of a new model of economic and social innovation on the continent. AGR sorts and sells waste so that it can be transformed. Acquiring this equity holding illustrates Groupe Duval’s desire to strengthen its position as a key waste recycling actor on the African continent. Éric Duval, President and Founder of Groupe Duval stated “We are proud to support an actor as committed and pioneering as AGR. We are particularly excited about…

The UK-based global software firm unveiled its unaudited interim results today for six months ended 31st October 2018 Highlights include; 22% rise in revenues to £21m (£17.2m in 2017) Recurring revenues increased by 30% to £14m Software as a Service (SaaS) bookings increased by 80% to £6.6m Acquisition strategy doubles the size of key quality and audit business areas Ideagen today (Tuesday, January 22nd) announced that it expects to record its tenth successive year of growth following the publication of its unaudited interim results this morning. The UK-based, global software firm delivered a strong market update with half-year performance in…

Responding to Baidy Agne, president of the National Council of Patronage of Senegal (CNP), who asked the state “to love” the national private sector with its flaws and its qualities, Macky Sall has, once again, given his vision private sector. WE HAVE TO FIGHT … “It is necessary that our private sector, certainly, be accompanied,...

“In spite of all the contingencies, I am firmly convinced that the time of Africa has come.” These solemn words are the Senegalese President, Macky Sall, on January 17, 2019, at the opening of the third edition of the International Conference on African Emergence (ICAE). Speaking on behalf of the entire continent, the Senegalese head of state believes that “nothing should hinder our resolute march towards emergence”. Applauded by an audience of development experts, African officials in charge of economy, finance and social inclusion, all at the Abdou Diouf International Conference Center, on the edge of the new city from…

The African Export-Import Bank (Afreximbank) today in Cairo signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. Speaking at the signing ceremony, Afreximbank President Prof. Benedict Oramah said that the facility agreement was part of the Bank’s effort to promote intra-African investments and export manufacturing using the framework of its Intra-African Investment Finance Facility. Prof. Oramah said that the transaction was a significant opportunity for OIH’s targeted investments in companies across Africa to support their transformation, increase their production…

By Valérie K. Energy Development Corporation Limited (EDCL) has announced that the Rwandan government is preparing to build a national butane gas reserve to meet growing demand and protect against a shortage or rising prices. “The new gas reserve, proposed by the government, will help meet the growing demand for cooking gas, but also protect against a possible shortage or increase in prices,” Oreste Niyonsaba, director general, said on 8 January. 2019. To this end, Kigali is investigating the path of a public-private partnership for the management of facilities, before an operation by private. The goal is to meet the…

The Republic of Benin has signed a financing agreement for a total amount of 127M € (83 billion CFA Francs) with a leading international bank. This loan has a partial guarantee from the World Bank and its funds will be entirely dedicated to the financing of the project for Insurance for the Strengthening of Human Capital (‘ARCH’). This commercial bank therefore joins the many international partners who have already contributed to the ARCH project: the World Bank, presents through its guarantee in this operation, but also by a direct financial participation; the Islamic Development Bank, the French Development Agency and…

By Cédric T. The Bank of Ghana (BoG) rejected accusations that it played a direct role in the selection of the five banks for recapitalization under the Ghana Amalgamated Trust Limited (GAT) program. It is indeed a “special-purpose vehicle” announced by Ken Ofori-Atta, the Minister of Finance, to support solvent and well-run local banks, which had difficulties meeting the new requirements. by the central bank. The initiative allows pension funds to inject some GHG 2 billion into selected institutions. “We did not play a direct role, but we supported the initiative,” said Dr. Ernest Addison, Governor of the Central Bank.…

By Valérie K. Moroccan Minister of Energy, Mines and Sustainable Development, Aziz Rabbah, reported on Wednesday (January 9th) that the share of renewable energies in the national electricity mix reached 35% at the end of 2018, with an installed capacity of more than 2,965 MW. “The ministry is looking to develop an additional capacity of about 10,000 MW of renewable energy, divided into 4,500 MW solar, 4,200 MW wind and 1,300 MW hydroelectric by 2030”, added the minister who spoke to the opening of a media day initiated by his department in Rabat. It should be noted that the draft…

By Cédric T. The Tunisian Stock Exchange (SBT) has announced the sale on the market of 1,340,000 shares of Universal Auto Distributors Holding (UADH), during the meeting of Tuesday, January 15, 2019. The minimum price of this sale is 1,840 dinar Tunisian. The sale was the subject of a court decision. Subsidiary of LIG (Loukil Investment Group), the Tunisian company UADH has subsidiaries that operate in several sectors of activity namely Industry, agro-industry, automotive, technology, etc. In the second quarter of 2018, its figures showed an 8.4% increase in revenue year-over-year.

Mr. Karim HAJJI, President of the Association of African Stock Exchanges (ASEA) and General Manager of the Casablanca Stock Exchange and the Vice-President of the Association, Dr. Edoh Kossi AMENOUNVE, Director General of the BRVM, made a working visit , January 09, 2019 at the Bank African Development Bank (ADB) in Abidjan. This visit is part of the actions to be undertaken for the launch of the African Exchanges Linkage Project (AELP). The AELP project is a joint initiative of ASEA and AfDB to connect African exchanges to facilitate cross-border trading and securities settlement / delivery. This project currently includes…

Liquid Telecom has appointed Mohamed Abdel Bassit as Regional General Manager for the Middle East and West Africa (MEWA), within the Pan-African Telecom Group, effective January 1, 2019. Based in Cairo, Bassit will oversee the expansion of the group within MEWA after recently announcing the $ 400 million investment in the Egyptian market and the completion of the first fiber optic network from Cape Town to Cairo. Bassit will also explore new markets in West Africa as Liquid Telecom begins to expand its service offering in the region. The regional CEO of MEWA is a new position at Liquid Telecom…

I propose to you at the end of the year inspirational quotes and proverbs relating to what characterizes leaders on fundamental qualities: action, perseverance, resistance and shifted vision The action : Being able to realize, to test in situation and to advance in a concrete way is an unavoidable quality of the leader. You have to know what you want. When we know it, we must have the courage to say it, when we say it, we must have the courage to do it. – Georges Clemenceau. Whoever pursues the road called “tomorrow” will arrive in the place called “never”.…

to a constitutional law imbroglio In a communique issued today (December 26, 2019) of which we have a copy, the Independent National Electoral Commission (CENI) announces that the elections in Beni_ville *, Butembo * and Yumbi * are postponed until March 2019. A partial report in three localities which represents about two million voters, a reserve of voice capable of tipping a poll to a turn. The argument of the CENI The electoral commission advances as argument of the postponement of the presidential election planned the 30 in the three localities raised reasons security and health in Beni, Butembo and…

By Valérie K. The African Development Bank (AfDB) and a Chinese fund signed on December 21, 2018, two loan agreements totaling 115 million euros with the Moroccan National Office of Electricity and Drinking Water (ONEE). This is indeed an envelope intended to finance a program for the sustainability and securing of access to water in the country. This program, it is said, benefits a current global population of 2.5 million who will reach 3.3 million by 2040. ONEE also specifies that the first agreement concerns a loan granted by the ADB for 79.33 million euros, while the second loan is…

By Valérie K. The Greek national airline Aegean Airlines will add three new destinations to its network in April 2019. These are Marrakech, Casablanca and Tunis that are added to Cairo, the only African destination of the Greek national airline. The company intends to strengthen in the north of the continent. As of June 30, 2018, Aegean Airlines serves 153 destinations in 44 countries, operating one of the youngest fleets in Europe with 58 aircraft. In 2017, it was awarded for the 8th time by Skytrax as “Best Regional Airline in Europe”.

By Valérie K. The Djibouti Minister of Energy and Natural Resources, Yonis Ali Guedi, and Mohamed Shaker El-Markabi, Egyptian Minister of Energy signed on December 19, 2018 in Cairo, an agreement which stipulates the reinforcement of the bilateral cooperation in the fields of electricity and renewable energies. According to the text, Djibouti will notably benefit from capacity building through the development of operational plans for renewable energy projects, and technical assistance in various fields. These include the construction of photovoltaic solar power plants in isolated villages, the development of energy legislation in the light of the Egyptian model, the planning,…

By Valérie K. The International Monetary Fund (IMF) completed on December 19, 2018, the fifth review of the Extended Credit Facility (ECF) agreement for the Central African Republic, and approved a disbursement of approximately $ 31.6 million. USD in his favor. “The results obtained by the Central African Republic under the ECF-supported program have been satisfactory despite a difficult security environment and difficult humanitarian conditions. The authorities remain committed to maintaining fiscal policy consistent with macroeconomic stability, which is essential for economic growth and poverty reduction. The 2019 budget is anchored to the national primary balance target while allowing for…

One of the three pillars of the Emerging Senegal Plan Dakar Finance Cluster, a major competitive cluster of leading universities, start-ups and leading economic operators, was formally established in Paris on December 17, 2018. This project, initiated and co-founded by Finance Innovation, will be one of the pillars of the Senegal Emergence Plan (PSE). “Mazars ‘participation in the Dakar Finance Cluster roundtable is an opportunity to affirm Mazars’ commitment to developing innovation for the benefit of the continent’s youth and to contribute to the emergence of Africa” says Abdou Diop, Managing Partner of Mazars Audit & Conseil and co-signatory of…

At the origin of one of the greatest Senegalese and African successes in the field of telecommunication, Kabirou Mbodj does not leave indifferent. In an exclusive interview with Financial Afrik, the tycon brushes the prospects of a sector in change. You are known in the finance sphere and your success does not leave you indifferent. Who is Kabirou Mbodji? If I have to talk about my career since leaving, I would say that I did a normal school and university course. I turned my attention to my interests, which were to help improve the lives of people, to help…

By Cédric T. Chad and the Central African Republic, two neighboring countries of Central Africa, signed on 18 December 2018, a bilateral agreement on air services. Indeed, the two parties have agreed on the designation of the airlines for the operation of the services between the different airports, the traffic rights of the companies designated by each party without frequency limits, the capacity module that they wish to put in operation and the free fixing of tariffs. It should be noted that no aerial link exists, to date, between the two countries. The N’Djamena-Bangui line is announced to be serviced…

By Noel K. Tshiani The Democratic Republic of Congo is the second largest African country by territory, and it has a population of nearly 80 million people.  Congo is a developing country, and its diaspora in Europe, America, and Asia can play an active and major role in contributing to its economic development in sectors ranging from finance, technology, construction, agriculture, to energy.

By Noel K. Tshiani As we move closer toward the beginning of the new year, professionals and entrepreneurs need to be aware of the five terms that will distinguish them in business in 2019.  These five terms are professional network, project, impact, financing, and expertise.  Success in business or in professional life going forward will be determined by those who have a good understanding of these terms, especially by those who have developed a proactive approach and not by those who act in a sporadic way.

By  Noel K. Tshiani The Democratic Republic of Congo is at crossroads in its path toward its economic development going forward. Digital strategy must be at the heart of its development both in the public and private sectors in the new year and beyond.  And for the digital sector to develop and grow not only in Kinshasa but also in other cities such as Lubumbashi and Goma in the coming months, a strong and reliable foundation must be put into place by the public and private sectors across the country one step at a time.