Author: Editor

The Ivorian Bank Corporation (SIB) is ranked first specialist in Treasury Values ​​Ivorian market for the second year in a row according to the latest annual ranking conducted by the UMOA-Title agency and published this month of October. This new prize reinforces the leadership of the Attijariwafa Bank subsidiary, which was already voted on last year for its “activism” on the local public debt market. This evaluation focused on “all of the SVT’s missions, namely the participation in the auctions, the presence on the secondary market and the quality of the relations of the SVT with the National Treasures”. The…

Interviewed by Maria Nadolu, New Orleans Between two planes en route to the East-West encounters, we meet Mahmoud Chouki, just for an interview. The time to get carried away by musical and humanist waves, from Morocco to New Orleans. Mahmoud Chouki, or simply Mood, is known by many people as the guitarist and composer who ignited the concerts and clubs of Marrakech, Rabat and Casablanca. His compositions and achievements are a fusion of world music, a sound isthmus between East and West. If his love affair with the guitar begins very early, when he was 8 years old, his enthusiasm…

At the end of the two-day work, from 10 to 12 October 2018 in Douala (Cameroon), the interbank Banking Group of Central Africa (Gimac), has released its roadmap towards full interoperability. According to Valentin Mbozo’o, the director general of GIMAC, the work was aimed at discussing the applicability of the Beac governor’s instruction n ° 003 / GR / 2018 signed last August. The instruction in question concerns expanding the scope of interoperability to support the dematerialization of payments in the sub-region. “This instruction also addresses the transaction security, CFA clearing of transactions carried out in the Cemac zone, the…

After deploying its services in East Africa last April, the German shipping company Hapag-Lloyd starts a new regular containerized weekly line service at Dunkirk, in connection with Senegal (Dakar), Mauritania ( Nouakchott), Tangier’s trans-shipment hub in Morocco and Dunkerque. Dubbed DEX, for Dakar Express, with a fleet of four vessels with a nominal capacity of 1,700 TEUs, this new service will start at the Port of Dunkirk as of Monday, November 26th. This service will also offer customers serving the Portuguese ports of Leixoes in the North-South direction and Lisbon in the South-North direction. For Stéphane Raison, CEO, this new…

The two subsidiaries of the Attijariwafa bank Group in Ivory Coast and Senegal, respectively the Ivorian Bank Corporation and CBAO, have been appointed SVTs (Specialists in Treasury Securities) in their country of presence. The ranking is published by the UEMOA-Titres Agency, organ of the Central Regional Bank “BCEAO” in charge of issues and management of government securities. www.umoatitres.org The SVT activity consists in the animation of the primary and secondary market for sovereign issues and the support of governments in the optimization of fundraising, on the one hand, and on the other investors in choosing the best investment opportunities. On…

Mauritanian Prime Minister Yahya Ould Hademine has submitted the resignation of his government on Monday (October 29th) to the head of state Mohamed Ould Abdel Aziz, as required by law after the election of a new national assembly. President Mohamed Ould Abdel Aziz has appointed the Director General of the National Society of Mining Industry (SNIM), Mohamed Salem Ould Bashir, 56, to form a new government. This engineer in electro-mechanic, who heads the largest Mauritanian public company since August 2016, was also Minister of Hydraulics and Sanitation, between 2013 and 2015 and Minister of Oil, Energy and Mines. The new…

After plummeting from record to record, the Abidjan Stock Exchange (BRVM) is continuing a bearish phase that is causing debate among investors. For this reader, do not panic. It is, he says, the time to invest: The BRVM indices (BRVM Composite and BRVM 10) were initialized at 100 points in 1998 at the start of the stock market. Today, Oct. 29, 2018, the BRVM Composite is at 177.08 points, ie 77.08% of performance and the BRVM 10 is at 169.75 points, or 69.75% of performance. Thus, in the 20 years of existence of the BRVM, with 77.08% performance for the…

Against the backdrop of Afework Tekle’s stained glass mural and Sudanese oud-infused lyrics, sounds and poetry, ECA’s Deputy Executive Secretary and Chief Economist, Abdalla Hamdok received a warm and emotional sendoff at a standing room only gathering held in his honor in Africa Hall. Mr. Hamdok retires from the UN and is joining the private sector after dedicated service, intellectual leadership and numerous initiatives in the areas of governance, institutions and development challenges; Illicit Financial Flows from Africa; trade and regional integration; macroeconomic policy; Africa’s transformation challenges, including industrialization; migration; the green economy; and statistics and economic development planning. The…

Enko Capital Managers (“ECM”), managers of the Enko Africa Private Equity Fund (“EAPEF”), a private equity investor targeting mid-cap growth companies across Africa, has completed an investment to provide expansion capital to Imperial Homes Mortgage Bank Ltd, a Nigeria-headquartered mortgage lender. The deal marks the fifth investment for EAPEF and will support IHMB’s expansion strategy in Nigeria. The investment will be used to increase IHMB’s capital base for the purpose of growing its lending book as well as to improve IHMB’s operational performance and efficiency through EAPEF’s participation in the strategic direction of the company at board level. ECM’s director,…

The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa.

At the end of the meeting of heads of state of the Economic Community of Central Africa (CEMAC), held October 25 in N’Djamena (Chad), a smile, tense certainly, was the rule. Devaluation is not among the main measures taken on the sidelines of this crucial meeting. On the other hand, the coercive spirit of the...

Always attached to the values ​​of entrepreneurship and creativity, the ISM Group launches two incubators in January 2019 to enable innovative projects to develop. Hosted within the ISM these structures that will provide aspiring entrepreneurs with benefit from a favorable environment and the necessary support to live and sustain their business creation project, with training at the key! > ISM Incub ‘and IESA Incub’, accelerator of entrepreneurs! ISM Incub ‘will allow young entrepreneurs from various but still innovative fields (digital, agriculture, management, services, Tech & IT, social …) to develop serenely. IESA Incub ‘is the accelerator of cultural entrepreneurship launched…

The Crédit Agricole Group of Morocco (CAM) has raised 500 million dirhams (50 million euros) subordinated issue with institutional investors, reports the daily L’Economiste. The operation was subscribed 6.7 times, which shows a high level of confidence in the quality of the management and the business plan. The quality of the fundamentals is important for...

Airtel Africa announced Wednesday, October 24 a fund raising of $ 1.25 billion from six international investors. In its statement, released yesterday, the company said that the Japanese SoftBank Group, the US Warburg Pincus SingTel and Singapore and Temasek Holdings were part of the tour de table. Raghunath Mandava, Africa Managing Director of Bharti Airtel,...

Atlantic Microfinance For Africa (AMIFA), subsidiary of the BCP Group, and International Finance Corporation (IFC), a member of the World Bank Group, concluded on Wednesday, October 24, 2018, a partnership for an assistance and consulting agreement with a total budget of $ 1.4 million. On this occasion, a signing ceremony was held at the headquarters of the BCP between Mr. Kamal MOKDAD, General Manager in charge of International within the BCP group, and Mr. Riadh NAOUAR, IFC Manager in charge of Financial Sector Advisory Services for the Middle East and Africa region. This agreement will enable AMIFA to strengthen, in…

The Senegalese Water (Sde) is no longer in charge of the production and distribution of drinking water in urban and peri-urban Senegal. The Eranove subsidiary, which has been managing this lease contract since 1996, has been ousted by Suez as part of an international call for bids. The allocation notified on October 23 by a...

By Mohamed KADERGUELI, CEO Sahel Investment Partners The purpose of this article is to analyze, in the African context, the Diaspora Bonds (Diaspora Bonds) as an innovative instrument for financing development, fiscal stabilization and balance of payments support. Since 2014, the fall in commodity prices on world markets has highlighted the structural weakness of African economies. It weighed on current and government revenue as well as national currencies, and created inflationary pressures. In addition, the recession of industrial economies reduces the exports of African economies, limits direct investment and increases risks. Africa had the lowest growth rate of the…

The Africa Trade Forum 2018, hosted by Nigeria’s Ministry of Industry, Trade and Investment, and co-organised by the United Nations Economic Commission for Africa (ECA), The Rockefeller Foundation, and the African Union Commission (AUC), is set to take place on 2-3 November, 2018 in Lagos. The Forum will bring together stakeholders from across the continent, from political and governance spheres, the private sector and entrepreneurs, philanthropies, academia, researchers, and development partners, to discuss the process for realizing the African Continental Free Trade Area (AfCFTA). The AfCFTA was signed in March 2018 by 44 African countries and, if ratified, will become…

The Republic of Seychelles has launched the world’s first sovereign blue bond-a pioneering financial instrument designed to support sustainable marine and fisheries projects. The bond, which raised US$15 million from international investors, demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. The World Bank assisted in developing the blue bond and reaching out to the three investors:Calvert Impact Capital, Nuveen, and Prudential. “We are honored to be the first nation to pioneer such a novel financing instrument. The blue bond, which is part of an initiative that combines public and private investment to mobilize…

The Federation of National Associations of Charter Brokers and Maritime Agents (FONASBA) held, on Friday, October 19, 2018 in the city of Cancún in Mexico, its Annual General Meeting. At the end of this meeting Mr. Aziz Mantrach, was elected president of the federation for the next three years (2018-2021). FONASBA has been working since 1969, supervising the profession and defending the interests of international shipping agents. The Federation of National Associations of Charter Brokers and Maritime Agents (FONASBA) held, on Friday, October 19, 2018 in the city of Cancún in Mexico, its Annual General Meeting. At the end of…

Chicago IL USA – Impact fund manager Equator Capital Partners LLC announced the first investment from its new ShoreCap III, LP fund in MFS Africa. MFS Africa is a leading PanAfrican fintech company, operating the largest digital payments “hub” on the continent. The MFS Hub is connected to over 170 million mobile wallets in Sub-Saharan Africa, offering exceptional reach for financial services providers. Investment terms were not disclosed. Financial technology applications by Microfinance and Micro insurance companies, SME Banks, leasing companies, and housing finance companies give rise to a strong set of new investment opportunities across the continent. Franklin Kennedy,…

The Government of Seychelles committed today at the Our Ocean Conference 2018 in Bali to host the International Secretariat of the Fisheries Transparency Initiative (FiTI), starting April 2019.   The 5th Our Ocean Conference, hosted by the Government of the Republic of Indonesia, brought together more than 5,000 participants from countries across the globe, including governments, commercial sectors, financing entities, scientific communities, civil society organizations, and young leaders. The Fisheries Transparency Initiative (FiTI) is a global multi-stakeholder initiative which increases transparency and participation for a more sustainable management of marine fisheries. Through its global standard, the FiTI sets clear requirements of…

By Nassrallah Belkhayate, reporter Covering an area of ​​53,789 km2, or 7.6% of Moroccan territory, the Souss Massa region is home to two prefectures, four provinces, 154 rural communes and 21 municipalities. Its population is 2,676,847. The region has many natural resources, including fertile land, large forest areas (argan, cedar, oak, etc.), fish reserves, attractive tourist sites and mineral deposits (silver, manganese, barite, iron and gold ). “Despite a dry climate, reads in – the Conjoncture -, one of the main economic sectors of the region is agriculture which totals a useful surface of 616 500 hectares of which 30%…

The Francoreal Real Estate Investment Summit was held on Tuesday 16 and Wednesday, October 17, 2018 in Dakar, at the Radisson Blu, on the theme of “developing real estate investment opportunities in French-speaking Africa”. Victor NDIAYE, president and founder of Performances Group, opened the summit with a keynote speech on Emergence and Urban Development. Its message has, from the beginning, been clear: urbanization is not a consequence of development, but rather an accelerator of emergence. Mr. NDIAYE, in fact, took the example of Singapore, city-state that, by optimizing its urbanization, has become one of the flags of emergence. Singapore is…

The Impact Investment Group dedicated to the African continent, Investors & Partners (I & P) led by Jean Michel Severino, organized for the first time its annual Investor and Entrepreneur Meetings in Africa. Held in Abidjan on 19 October, this event highlighted I & P’s Africanization, particularly through the growth of its teams, ambitious recruitment targets in all countries of operation and the creation of five new funds. impact in sub-Saharan Africa in the next 5 years. A TEAM OF 50 PROFESSIONALS DISTRIBUTED ON 8 SITES OF WHICH 7 IN AFRICA Pioneering group of impact investment in Africa, I &…

Capital flows to emerging markets (excluding China) slowed sharply in 2018, driven by rising interest rates, the strong US dollar and trade tensions, S & P Emergents said in a report of 19 October. In this report, the agency points to three key trends: 1- Foreign capital flows to emerging markets are likely to be affected by the tightening of monetary policy in the major advanced economies. These flows are likely to decline further and become more volatile over the next two years. 2- Emerging European economies are more exposed than those in other regions to the risk of tightening…

The application period for the Fintech Projects Competition “BRVM Fintech Innovation Challenge” expired on October 17th. This initiative, which aims to select talent initiators of innovative projects that will benefit from support to implement their projects in its laboratory “BRVM Fintech Lab” was launched on September 18, 2018. At the end of this period, the BRVM announced that thirty-five (35) applications were registered. These files will be carefully scrutinized and scrutinized by a panel of experts to pre-screen innovative projects that have the potential to contribute to real business challenges in the financial services sector in the sub-sector. region. Holders…

The end of the contract between Libreville Airport (ADL) and the Gabonese state had been expected for several months. This is now done in what, according to some observers, is described as a new illustration of economic nationalism in Ali Bongo. Less prosaic, other sources speak of the continuation of the “olamization” of the Gabonese...

In the wake of the recent election of Louise Mushikiwabo at the head of the OIF, the event was expected: the Rwandan Presidency has proceeded Friday, in the evening, to a reshuffle of his government after the appointment of the Minister of Foreign Affairs from Rwanda to the post of Secretary General of La Francophonie....

An exhibition of Algerian products under the sign of the conquest of the Mauritanian and West African market, will be organized at the former International Conference Center of Nouakchott (CICN-Palais des Congrès) from 23 to 29 October, announces a statement from the organizers distributed to the press Friday night. The official kickoff of this event will be given in the presence of the Mauritanian Minister of Commerce, Industry and Tourism, Khadijettou mint MBareck Fall, and his Algerian counterpart, Said Djellab. Some 170 exhibitors, 3 times more than the previous edition, organized in 2017, will be present in the Mauritanian capital.…