Author: Albert Savana

120,000 CFA Francs in one go. This is the amount each of the 22,000 vulnerable families targeted in the city of N’Djamena will receive. Objective, to help them cope with the socioeconomic consequences of the COVID -19 pandemic. The operation, which will be launched today, August 17, 2021, is being carried out as part of the Refugee and Host Communities Support Project (PARCA) supported by the World Bank. The overall amount mobilized for this financial assistance is approximately three (3) billion of our CFA francs. For the Minister of the Economy, Development Planning and International Cooperation, Issa Doubragne, the aim…

Negotiations have accelerated in recent weeks in Lomé, the Togolese capital, and resulted in the government announcing the sale of BTCI, the Togolese Bank for Commerce and Industry, to IB Holding de homme Burkinabe businessman Mahamadou Bonkoungou. The culmination of this process launched several years ago comes following the withdrawal of the favorite, the Agir consortium, led, among others, by the Ivorian banker Charles Kié and the Beninese entrepreneur Oscar Daaga. Thus, on Wednesday August 11, 2021, the Council of Ministers of Togo announces that it has adopted a draft decree setting the terms and price for the sale of…

The indicators of tourism activity in Tunisia continued their downward trend, in particular for the flow of foreign tourists which experienced a drop of 75.8% during the first quarter of 2021 against -16.6% a year earlier, according to the Central Bank of Tunisia (BCT) based in Tunis. According to the Tunisian Emission Institute, these indicators covered 258,500 visitors. << This decrease concerned the different nationalities, in particular, European tourists (-80.9% against -29.6% in 2020), like the French (-79.7% against-22.4%) , the English (-93.4% against -67.6%) and the Germans (-85.3% against -34.8%) >>, adds the services of the BCT. Likewise for…

The Heads of State of the Economic and Monetary Community of Central Africa (CEMAC) will hold by videoconference on August 18, 2021, an extraordinary summit primarily devoted to “the evolution of the macroeconomic situation in the CEMAC zone in the context of the pandemic of Covid-19 and the analysis of remedial measures ”. The event initially planned face-to-face in the Cameroonian capital Yaoundé, will ultimately take place by videoconference, “not only for reasons related to the health crisis, but also for timing reasons” indicate sources familiar with the matter. However, the initial format remains maintained, with alongside the leaders of…

In Zambia, the President of the Electoral Commission, Esau Chulu, declared this Monday August 16, the opponent and businessman Hakainde Hichilema (59 years) 7th “elected president” of the Republic with a total of 2,801,757 votes against 1,814,201 for the outgoing head of state, Edgar Lungu (64), after a third confrontation which registered more than 70% of registered voters. “I declare Hakainde Hichilema elected president of the Republic of Zambia on August 16, 2021,” he told reporters late at night. Noting that one constituency out of the 156 in the country has not been officially counted, he reassured that the Electoral…

As these lines are published, Kabul is back under the mantle of the Taliban. The government fell in the face of the lightning offensive of the Islamist group which in recent hours conquered Mazar-e Charif, the fourth largest Afghan city, then Jalalabad, 50 km from Kabul, the Torkham border post, on the border with Pakistan and Kabul Airport. President Ashraf Ghani fled Afghanistan on Sunday (August 15th), effectively handing over power to the Taliban, who reached Kabul. Less vindictive than in the past, the new masters of Kabul promise not to give in to the desire for revenge. The rout…

The Casablanca Stock Exchange (BVC) continues to advance with a weekly gain of 0.75% to 12,623.11 points on the composite index (MASI). The leading financial center in French-speaking Africa has posted an increase of 11.83% since the start of the year. The market capitalization reaches 649.8 billion dirhams (72.3 billion dollars). Over the week, the volume of transactions amounted to 328.16 million dirhams, transacted mainly on Attijariwafa Bank (17.02%), BMCI (9.87%), LafargeHolcim Maroc (8.32%) and Itissalat Al-Maghrib (8.03%). The best weekly performances came from the pharmaceutical company Sothema (+ 16.39%), the banking company BMCI (+ 6.03%), and the supplier of…

After a significant drop in the number of daily infections between mid-April and mid-July, Togo has been facing, for a few weeks, a new wave of Covid-19 infections … and deaths. Indeed, the figures reported by the services in charge of the management and response to the pandemic continue to climb. The country has more than 1,000 new cases in the week of August 7 to 13, 2021 alone, against 935 between July 31 and August 6. The previous week, figures still showed 654 new infections, up from 516 between July 17 and 23. By way of comparison, and according…

Abdel Karim Konaté, CEO of the Office du Niger © DR The Office du Niger achieved a turnover of 7.6 billion CFA francs (about 13.6 million USD) in 2020, compared to 7.5 billion in 2019. According to its CEO Abdel Karim Konaté, who presented the figures on August 10, 2021 on the sidelines of an ordinary session of the board of directors, the provisional assessment of the 2020-2021 campaign shows a production of 837,136.72 tonnes of rice. paddy, 326,299 tonnes of market garden products and 71,950 tonnes of diversification products. Regarding the current 2021-2022 agricultural campaign, he set out the…

According to the World Health Organization (WHO), a case of Ebola was confirmed on Saturday August 14 in Abidjan, Côte d’Ivoire. In a statement, the institution said that the first investigations revealed that the patient carrying the virus comes from Guinea and was admitted to a hospital to receive first aid. However, specifies the WHO, there is nothing to indicate that the present case is linked to the previous epidemic that occurred in Guinea and more in-depth research and genome sequencing should make it possible to know the origin of the virus identified in the bedridden patient. receives treatment. WHO…

By Abashi Shamamba. For its results for the first half of 2021. Maroc Telecom can say thank you to its African subsidiaries grouped together under the identity of Moov Africa. The group’s consolidated turnover drops 3% to 17.78 billion dirhams (1.8 billion euros) following a sharp contraction in mobile activities in Morocco and intensifying competition....

Four letters will soon disrupt the economic order in the French-speaking world. This is “FAOS”, an economic entity of the Groupement du patronat francophone (GPF), which aims to create economic synergy and a business platform. Among the three promoters of the project, the Senegalese Bara Ndiaye, founder of AMS, who shares with us his vision of the instrument intended to mark the French-speaking business space over the next 20 years. How did this FAOS project mobilize you and what is Bara Ndiaye’s paw in this adventure? This project particularly mobilized me, because it was a dream to create this economic…

In the Democratic Republic of the Congo, Vancouver-based Canadian mining company Ivanhoe Mines reports an overall loss of $ 95.7 million in the second quarter of 2021, compared to revenue of $ 300,000 for the same period in 2020 and 16 , $ 2 million in the previous quarter. In its report published Wednesday August 11 on its financial results for the quarter and the six-month period ended June 30, 2021, Ivanhoe Mines justifies this situation by a loss on the fair measurement of the embedded derivative financial liability of 85.7 million USD for the period. Hence, she notes, “the…

Malawi’s anti-corruption office announced on Monday the arrest of big money. Indeed, Malawi’s Energy Minister Newton Kambala was arrested along with presidential adviser Chris Chaima Banda and Enock Chihana, a member of the ruling Alliance. Anti-Corruption Bureau director Martha Chizuma told a televised press conference that the arrests were the result of investigations into complaints by the National Oil Company of Malawi (NOCMA) regarding interference in the attribution of contracts to fuel suppliers. “The other part of this investigation was alleged serious political interference and certain corrupt practices in the procurement process,” Chizuma said. And, she recalls, “there is a…

The extraordinary session of the Conference of Heads of State of the Central African Economic and Monetary Community (CEMAC) on August 18, 2021 in Cameroon, whose main issue relates to “the evolution of the macroeconomic situation in the CEMAC zone in context of the Covid-19 pandemic and analysis of recovery measures ”will see the participation of special guests, including the Managing Director of the IMF, Kristalina Georgieva. This presence explains a source close to the file demonstrates the economic stakes of this summit which takes place at the end of the first generation of programs with the International Monetary Fund…

Announced several years ago, the construction project of the four interchanges (Hamdallaye-Bambeto-Cosa-Cité Enco5) in the suburbs of Conakry to facilitate traffic flow in the Guinean capital reached a new phase on August 8, 2021, with the announcement of the signing of an agreement between the government and the Abu Dhabi Fund for Development (ADFD), in favor of a concessional loan worth US $ 26 million for the construction of the Bambeto and Cosa interchanges. The Abu Dhabi Fund for Development, (FADD), the economic development arm of the government of the United Arab Emirates, with the release of these 26 million…

The Togolese government announced this Wednesday, August 11, that it had adopted a draft decree setting the terms and the price for the sale of part of the State’s shares in the share capital of the Togolese Bank for Commerce and Industry ( BTCI), one of the two public banks still on the market. “In its desire to forge partnerships with the private sector to accelerate economic growth, the government has initiated a process of selling part of its shares in the share capital of the Togolese Bank for Trade and Industry. It is in this context that, in accordance…

The former deputy mayor of Dabou, Sess Soukou Mohamed dit Ben Souck, member of the Steering and Coordination Committee of Generations and Solidarity Peoples, was kidnapped in the street in Bamako by four hooded men dressed in civilian clothes. Under duress, Mr. Sess was forced, according to witnesses who witnessed the scene, into a 4X4 vehicle with tinted windows, bearing no license plate. He has been missing since then, according to the press release published by Guillaume Soro’s GPS movement, which denounces what he describes as kidnapping. Indeed, according to the information in our possession, Sess Soukou Mohamed had taken…

The IMF’s board has approved the signing of the program with the DRC. This three-year program includes reforms and conditionalities to allow the disbursement of one and a half billion dollars. It should be noted already last May The IMF team reached an agreement at the service level for a three-year program to help the country support the recovery from the pandemic, to preserve macroeconomic stability and to revive the momentum of reforms to stimulate sustainable and inclusive growth. Before the conclusion on July 15, 2021, the Board of Directors of the International Monetary Fund (IMF), had conditioned on the…

The shareholders of the African Rubber Plantation Company (SAPH) will receive on August 24, 2021, for fiscal year 2020, an overall net dividend of FCFA 3.381 billion (€ 5.071 million), announced the leaders of this company based in Abidjan. Compared to the 25,558,005 shares that make up the company’s capital, the net dividend per share...

After a recession in 2020, the first for 25 years, Africa is expected to register 3.2% growth in 2021. British firm GlobalData said in a report released on August 9. According to the agency, Morocco, Kenya, Ghana, Egypt and South Africa are expected to achieve the strongest growth on the continent, driven by the recovery in global demand, the recovery in commodity prices and oil. These five countries will see their GDP grow by more than 4% in 2021. The strongest African growth, Morocco should achieve a performance of 5.19% of its GDP growth, notes Gargi Rao, Economic Research Analyst…

The leaders of the six countries of the Central African Economic and Monetary Community (CEMAC) will meet on August 18, 2021 in Yaoundé for an extraordinary summit convened by Cameroonian Head of State Paul Biya, its current president. The information was made official on August 10, 2021 in Douala during the extraordinary session of the Council of Ministers of the Central African Economic Union (UEAC). Beyond the other subjects of common interest which will be the subject of careful examination, the said meeting will be mainly devoted to the “report on the evolution of the macroeconomic situation in the CEMAC…

Economic activity in Tunisia was marked, during the first quarter of 2021, by a contraction of around 3% year-on-year, against -2.1% a year earlier, according to data from the Central Bank of Tunisia (BCT) based in Tunis. << The decline in activity affected all sectors except that of non-manufacturing industries which experienced a strong recovery (11.5% against -4.7%) mainly due to the increase in value addition of the hydrocarbons sector (26.1% against -4.4%), ”underlines the BCT. Manufacturing industries thus recorded a decline of 0.3%, during the first quarter of 2021 and year-on-year, mainly in relation to the drop in production…

Suspicions of embezzlement of 13 million USD weigh on the “Tshilejelu” project launched by President Félix Tshisekedi on March 17, 2021, consisting in rehabilitating and modernizing the roads in the cities of Kinshasa (39.72 km), Mbuji Mayi (25 , 32 km), Kabinda (10.5 km), Lusambo (10 km), Kananga (35 km), Mweneditu (5.5 km) and Tshikapa (15.39 km), as well as the Espace Grand Kasaï (101 , 77 km). For the time being, the level of physical execution of this project visibly contrasts with the financial execution, denounces a recent report from the mission of the General Inspectorate of Finance (IGF)…

In South Africa, the trial of former president Jabob Zuma in the corruption case relating to the purchase of military equipment from five European armaments companies, while he was the country’s vice-president in 1999, was postponed this Tuesday, for health reasons. In a short virtual hearing, High Court Judge Piet Koen said the former head of state’s next hearing is set for September 9, 2021. The judge granted the postponement, but ordered Jacob Zuma’s team to produce a medical report by August 20. He also ordered the state to appoint a doctor of its choice to assess whether the former…

The Ivorian Société Sucrivoire SA, specializing in the manufacture of sugar, will pay its shareholders on August 20, 2021, for the 2020 financial year, a total net dividend of CFAF 793.800 million (€ 1.190 million), announced the managers of this company based in Borotou, a locality located in the north-west of Côte d’Ivoire. Based on the 19,600,000 shares that make up the company’s capital, the net dividend per share amounts to 40.5 FCFA. The last net dividend per share paid by Sucrivoire relates to the 2017 financial year with an amount of 72 FCFA. Due to cumulative losses in 2018…

Accused of having committed several errors in the communication of Mohamed Bazoum and of being at the origin of games of comparison between the current President of the Republic and his predecessor Mahamadou Issoufou through social networks, Waziri Idrissa Dan Madaouan, adviser in communication is no longer part of the staff of the Nigerien head of state since the end of last week. Sources close to the presidential cabinet said he was forced to resign after spending three months in this post. “His goal is to erase the image of President Issoufou and highlight President Bazoum by saying that he…

Guinea reported, on Monday, August 9, 2021, on its territory more precisely in the prefecture of Guéckédou, in the south of the country, a case of Marburg hemorrhagic fever. This is a first in the country and in West Africa, Guinean health authorities have announced. Tests came back positive for the “rare disease” after samples were sent to the Pasteur Institute in neighboring Senegal last week, said Sory Keira, spokesperson for Guinea’s National Health Security Agency. “Marburg virus disease, which belongs to the same family as the virus responsible for Ebola virus disease, was detected less than two months after…

The 27th Congress of the Universal Postal Union (UPU) has been held since Monday, August 9 in Abidjan. This work should lead to the adoption of the “Abidjan Postal Strategy” for the development of postal services throughout the world. “We ended up believing that Congress was fleeing the continent. But today, it can be said that the Indian sign has been defeated. Africa is finally hosting this major Congress for the postal industry in Abidjan. What an honor and what pride for an entire continent and for a country! “, Welcomed the Ivorian Prime Minister Patrick Achi, who chaired, this…

The Central Bank of Morocco (Bank Al-Maghrib) has just announced that it is working on a project to compare bank tariffs and value dates. A technical service provider who will provide the platform has already been selected. For the monetary authorities, this tool will serve to introduce more transparency between the customer and his bank....