Author: Albert Savana

The 45th President of the United States of America will learn the hard way that politics and finances do not mix. Indeed, according to the 2021 ranking of Forbes magazine concerning the first 400 American billionaires, Donald Trump slipped from 275 th place in 2019 to 339 th in 2020, losing 64 steps in one year. However, the radical Republican is not on the straw, with a fortune estimated at 2.5 billion dollars that he is sure to start rising again once his political and legal woes are over. Trump was born into a wealthy family and inherited approximately $…

On 26 February 2021, Bolloré Transport & Logistics Côte d’Ivoire successfully completed the runway pick-up, customs clearance and delivery of over 500,000 vaccine doses and syringes as part of the Covid-19 vaccination campaign in Côte d’Ivoire. Mandated by UNICEF, the Bolloré Transport & Logistics teams rolled out logistics solutions right from the landing of the plane at the international airport of Abidjan. The 28 parcels of AstraZeneca vaccines, weighing 1.8 tonnes, and the 25 parcels of syringes, weighing 3.8 tonnes, were then transported and delivered to the customer in full respect of the cold chain. Committed to the fight against…

Vice-president of the Union for the Republic (UPR), party in power, Djindah Mohamed El Moustapha Bal, is a communication specialist, holder of a Master in Communication and Marketing obtained in 2005 at the European Higher Institute of Management (ISEG). His company Butterfly, created in 2005, has an extensive portfolio in the fields of consulting, communication and events. The former Minister of Youth and Sports, originally from Kaédi (the largest city in the South, located 400 km from Nouakchott), was the communications manager of the current president, Mohamed Ould Cheikh Ghazouani during the 2019 presidential elections. of the Women’s Leardship in…

Oikocredit Abidjan has approved a first medium-term refinancing line of € 2.3 million to Fin ‘Elle (Finance Pour Elle), the youngest member of the Cofina Group, dedicated to female entrepreneurship. Funding for female entrepreneurship is a key factor in accelerating financial inclusion in Africa. This line of financing in this month dedicated to gender, is the first line of this development institution, which offers solutions of capital, debt and technical assistance, through these offices in West Africa and Africa. Is. Fin’Elle has succeeded in two (02) years of exercise, to position itself in the ranking of the Top 10 microfinance…

Ivorian President Alassane Ouattara has appointed, this Monday, March 8, Patrick Achi, secretary general of the Presidency, to act as Prime Minister Hamed Bakayoko, announced “absent for medical reasons”. This information from a statement broadcast on National Television and on the social channels of the Ivorian Presidency also announces that the Minister of Presidential Affairs, Téné Birahima Ouattara, is acting as the Minister of Defense, a portfolio held by Hamed Bakayoko. Evacuated since February 18, 2021 in Paris (France) for a health check, Prime Minister Hamed Bakayoko is still not back.

The Executive Secretary of the African Economic Commission (ECA), Dr Vera Songwe, has shown her institution’s desire to work with the Regional Stock Exchange (BRVM), in order to boost automation, especially among women. Which has become, according to her, the mark of excellence in the face of Covid-19. Speaking, Monday March 8, 2021, by videoconference as part of the “Ring the bell for gender” initiative of the Abidjan-based stock exchange, included in the agenda of the International Women’s Day, the representative of the ECA makes it clear that Agenda 5 (gender) of the Sustainable Development Goals is one of the…

SouthBridge Investments (SBI) and New African Capital Partners (NACP) are proud to announce the launch of their joint venture: SBNA.  SBNA will act as a “permanent capital fund” aiming to attract investors who take a long-term view on Africa. The joint venture intends to directly invest in Africa’s future with long-term capital, focusing on FinTech, the financial sector integration, and micro and meso finance.  Charles Kié, CEO and co-founder of New African Capital Partners, will head SBNA. His professional career has included top jobs at Citibank, Banque Atlantique, Ecobank and AFC (Africa Finance Corporation), before co-founding NACP in October 2018…

Despite the army’s deployment to hotbeds of tension, in Niamey, erupted protests continued in the Nigerien capital. Breakages have been perpetrated again. During the day of Thursday, February 25, the home of Moussa Kaka, Rfi correspondent in Niamey, was set on fire. At the end of the evening, there were two dead, including the close guard of Seïni Oumarou, third in the first round of the presidential election who allied with the candidate of the ruling party for the second round. According to indiscretions, an army officer by the name of Boureima, close to Hama Amadou, was arrested two days…

The rating agency Moody’s downgraded, on February 23, 2021, Tunisia’s sovereign rating from B2 to B3, while maintaining the outlook for this rating to “negative”, according to a press release from the Central Bank of Tunisia (BCT) . “According to Moody’s, this decision is mainly motivated by its fears about Tunisia’s ability to continue the reform process mainly related to fiscal consolidation and public sector restructuring,” officials said. ‘Issuing institute. The rating agency argues that Tunisia’s institutional and political context, currently marked by strong social pressures and parliamentary fragmentation, inhibits the Tunisian government from making adjustment decisions relating to major…

Facing Adama Wade, editor of Financial Afrik magazine, Emmanuel K. Dogbevi, editor of Ghana Business News, teaches us through his experience that “life is not a long quiet river”. A fundamental Africanist, Emmanuel is staying the course and remains optimistic even though a fire ravaged his office a few months ago, taking away computers and archives. Life, says Emmanuel, is an eternal restart.

Sitarail, the operator of the railway between Côte d’Ivoire and Burkina Faso, has since 2019 rolled out a large-scale programme of investments to modernise its maintenance workshops in order to improve the quality of rail traffic. In 2019-2020, the company invested over two billion CFA francs in the acquisition of modern equipment for its locomotive and wagon maintenance workshops in Abidjan and Bobo Dioulasso. The acquisitions include a Demoor tower, a pit tower, a Berthiez vertical tower, three Lincoln loaders, an Alpha Laval centrifuge, a shot-blasting machine, a folding press, and a press for wheel assembly and disassembly. The company…

By our Special Envoy in Niamey, Issouf Kagamaté Gathered around Mahamane Ousmane, the opposition candidate in the second round of the presidential election in Niger, members of the opposition reject the first results announced by the Independent National Electoral Commission (CENI). For the Union of Patriotic Forces for the Refoundation, close to the candidate of Rdr Tchanji, the results of regions like Tahoua are illogical. “The participation rate is around 90% when the national rate hardly exceeds 90% … These are crude and shameful figures”, protests this platform. Just like General Salou Djibo, the tomboy of Tandja, who maintains: “we…

The State of Togo, through its General Directorate of Treasury and Public Accounts, obtained on February 19, 2021 on the financial market of the West African Monetary Union (UMOA) an amount of 22 billion FCFA (33 million euros) at the end of its 5-year Treasury stimulus bond issue (ORD) organized in partnership with the UMOA-Titres Agency based in Dakar. Launched by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO), the issuance of ODRs aims to allow the issuer to mobilize the savings of individuals and legal entities with a view to ensuring the financing…

From our Special Envoy in Niamey, Issouf Kamagaté This Sunday, February 21, the day of the second round of the presidential election in Niger, a car of the Independent National Electoral Commission (CENI) exploded following the passage on an antipersonnel mine in the rural commune of Dargol, not far from the three border zone and killing seven people, authorities report. A sad day for the country and the two candidates who wished, this Sunday after their vote, a calm and peaceful ballot. Registered at the Niamey Town Hall polling station, Mohamed Bazoum (Pnds Tarayya), the dolphin of Mahamadou Issoufou who…

Thanks to a new valuation of his company SpaceX, Elon Musk again exceeds Jeff Bezos with an estimated heritage of $ 200 billion, reports Bloomberg. This situation comes less than 48 hours after having ceded his throne to Jeff Bezos. Elon Musk therefore returns to the founder of Amazon, whose fortune is estimated at 194 billion dollars. The rise is due to SpaceX, its unlisted space exploration company that raised funds last week. A fundraising that has inflated the valuation of SpaceX by 60% compared to its last fundraising last August. This is why the company is now worth $…

As part of its solidarity actions in favour of young people, Bolloré Transport & Logistics in Sierra Leone made financial, material and food donations on 29 January 2021 to the Don Bosco association, which works for the safety and development of vulnerable children. The company is thus supporting the 180 children of the Don Bosco camp in During Town. These are children who have been abused and who are supervised by the Don Bosco Association with a view to their social reintegration. This solidarity action aims to support the efforts of social actors in Sierra Leone to break the silence…

Orange posted EBITDAal * down 1.4% to 12.68 billion (-1% on a comparable basis) over fiscal year 2020. EBITDAaL fell slightly, strongly penalized by the drop in roaming and the additional costs generated by the health crisis (-545 million euros) as well as by Spain (-13.0%) and Business (-14.9%). These effects were mitigated by the remarkable performance of Africa and the Middle East (+ 10.0%), the good results of Europe (+ 2.3% excluding Spain) and the resilience of France (+0 , 2%). In Africa and the Middle East, growth is driven by 4G and Orange Money, the main engines of…

The year 2020 has seen impressive growth for the entire crypto market, with many investors turning to digital coins as a store of value amid the COVID-19 crisis. However, more money flowing through digital exchanges has created an opportunity for hackers and crooks. According to data presented by Finaria.it, crypto-criminals stole $ 1.9 billion in 2020. A significant amount but down sharply compared to the $ 4.5 billion stolen in 2019. Statistics show that the fraud was the main crypto crime of last year, followed by theft and ransomware. Although the total value of crypto-crime fell in 2020, crypto theft…

Under the aegis of the International Society of Horticultural Sciences (ISHS), in partnership with the Government of Senegal, through the Ministry of Employment, Vocational Training and Handicrafts, and the Ministry of Agriculture and Rural Equipment, the Horticulture Cluster of Senegal is organizing the 4th All Africa Horticultural Congress (AAHC). This major international event, the first in the French-speaking world, will be held in Dakar from 29 to 31 March 2021. More than 500 participants from academia, research, the private sector, African national public institutions, and many others, from over 30 countries, are expected to connect remotely or be present in…

African Guarantee Fund has issued a loan portfolio guarantee amounting to USD 10 million to Afriland First Bank to support SMEs, women entrepreneurs and green economy in Cameroon. The signing ceremony took place at African Guarantee Fund’s head office in Nairobi. Signed by Alphonse Nafack, Managing Director of Afriland First Bank and Jules Ngankam, Group Chief Executive Officer of African Guarantee Fund, this agreement will enable Afriland First Bank, on the one hand, to strengthen its commitment to the SME/SMI sector and, on the other hand, to promote the development of green entrepreneurship and women’s leadership in the business community.…

Bolloré Transport & Logistics has been recertified as a Regional Authorized Economic Operator (AEO) in East Africa. The certification, which covers Kenya, Uganda, Rwanda, Burundi and Tanzania, recognizes Bolloré Transport & Logistics as a secure and reliable trade partner and offers the benefit of expedited clearance procedures through pre-arrival clearance, reduced physical inspection and priority service channels among other benefits. “As a global logistics player operating in East Africa, the AEO certification allows us to extend the privilege of fast-tracked cargo handling to the numerous importers and exporters in our client base. It is a boost to efficiency in the…

The G5-Sahel summit brings together the countries of the Sahel (Mauritania, Mali, Burkina Faso, Niger and Chad) on February 15 and 16, 2021 in N’Djamena, Chad. This meeting aims to take stock of the security situation in the sub-region, with a possible resizing of Barkhane on the horizon. According to Jean-Yves Le Drian, Minister of Foreign Affairs of France, this next summit must be one of the diplomatic leap, the political leap and the development boom in order to consolidate the results of recent months. In addition, the head of French diplomacy underlined the need to “strengthen coordination between the…

Senegal’s total cereal production fell by 120,224 tonnes at the end of the 2019-2020 crop year compared to the 2018-2019 crop year, according to data established by the Department of Analysis, Forecasting and Statistics. (DAPSA) of the Ministry of Agriculture and Rural Equipment. The final results for the crop year under review show cereal production of 2.768 million tonnes against 2.899 million tonnes in 2018-2019, a decline of 4.14%. The total area of ​​sown areas fell by 28,542 hectares, going from 1,757,666 hectares in 2018-2019 to 1,729,124 hectares a year later. In Senegal’s total cereal production, that of rice (irrigated,…

After Zambia (Ca, stable), Ethiopia (B2, negative) and Chad entered into negotiations with official and bilateral creditors, Moody’s released a report this week assessing the potential implications of the G-20 Common Framework’s credit. * in a context of persistent uncertainty on how it will be implemented. “Given the continuing uncertainty over how the common framework will be implemented, and in particular how private sector involvement will or will not be defined,” Moody’s does not formally determine that the engagement of a countries in the G20 initiative will de facto increase the risks of its private creditors. However, continue Moody’s analysts,…

Bitcoin (BTC) crossed the psychological bar of 45,000 dollars (24,323,949.55 CFA Franc) on February 10, 2021, to the chagrin of central banks and to the regret of those who, like most of us, do not invest in the future, in an emerging trend, rather waiting for the wave to be sufficiently mature. At this point, at the top of the ridge, the curve can no longer rise but falls, dragging down those who joined the dynamic at the last moment. The new millionaires who emerge from the world of the internet following the dazzling gain of 100% made by the…

Bitcoin (BTC) continues its momentum, quoting at $ 42,848, or 23.5 million CFA Francs or 383,018 dirhams while the boss of the European Central Bank (ECB), Christine Lagarde, persists and signs: “ ”It is not a currency. Cryptoassets are not money. It is a highly speculative asset “, slice the guardian of the temple of monetarist orthodoxy, guest Sunday on BFMTV and BFM Business. Over the last 24 hours, the queen of cryprocurrencies has improved by 12.21%, driven by institutions and investors like Elon Musk, who bet $ 1.5 billion of his cash in January, a record for a company…

After the 79.800 billion FCFA (119.700 million euros) raised in the financial market of the West African Monetary Union (WAMU) on January 15, 2021, the State of Senegal, through the General Directorate of Accounting public and treasury, again obtained on February 5, 2021 an amount of 82.500 billion FCFA (123.750 million euros) at the end of its simultaneous issue by auction of similar bonds of the treasury (OAT) of maturity 36, 60 and 84 months, organized in partnership with the UMOA-Titres Agency based in Dakar. The intentions of issuing government securities (mainly OATs) expressed by the Senegalese government authorities on…

News that should raise phews of relief in Nigeria, Angola and, among others, in the countries of the Community of Central African States (CEMAC) suspended to the jolts of black gold. The barrel of Brent gained 1.26% on Monday to 60.19 dollars, its highest since January 2020, in the wake of the markets which welcome with hope the vaccination campaigns against the Covid-19 and the promises of a new plan of American economic support. Carrying along optimisms scattered around the world and attenuated by the British, South African and Brazilian variants, the barrel of oil reflects the relationship between supply…

In the judgment given on February 3, the French Court of Cassation confirms the inviolability of thirteen bank accounts of the Congo embassy in France which were seized in 2016 by the company Commisimpex. by Moshen Hojeij in the context of the Lebanese businessman’s heavy litigation with the Republic of Congo. In execution of two...

In Mali, the transitional government is preparing to relaunch gold production at the Morila gold mine. The information was given during a field visit by the Minister of Mines, Energy and Water, Lamine Seydou Traoré, on February 1, 2021. “We are on the way to saving more than 500 direct jobs and nearly 2,000 indirect jobs. So in this context, it was important for us to come and see how all this arsenal is being put in place for the benefit of the neighboring populations, and in general for the benefit of the Malian population ”, he declared to during…