Author: Albert Savana

Air Liquide Tunisie, a subsidiary of the French multinational Air Liquide, will increase its share capital by 889,925 dinars (275,092 euros), announced the managers of this company based in Ariana city located north of the capital Tunis. This decision was endorsed by the Extraordinary General Assembly of the company at its meeting of June 26, 2020. The share capital will increase from 40,047,675 dinars to 40,937,600 dinars, and this by incorporation of reserves and the issue of 35,597 new free shares with a nominal value of 25 dinars each. According to Air Liquide Tunisie executives, the free shares will be…

Joe Biden’s victory in Michigan on Wednesday night opened the way to the White House for the former Democratic Vice President, running mate of Barack Obama. The re-election of Donald Trump (214 voters) is now compromised but not impossible against the 264 voters of his Democratic rival, 6 votes from the crucial threshold of 270 votes to win the White House. In this context strained by the appeals introduced by the republican bet, only 4 states remain to be decided. In the Rust Belt, in this Northeastern United States symbol of deindustrialisation, only Pennsylvania remains in play, while in the…

The overall half-year result for the first half of 2020, companies listed on the Tunis Stock Exchange (BVMT) recorded a decrease of 31.2% compared to the same period of the year 2019, officials announced. of the BVMT based in Tunis. This overall result stood at 720.411 million dinars against 1.048 billion dinars as of June 30, 2019, a contraction of 327.096 million dinars. “This development is attributable in particular to the repercussions of the COVID-19 crisis on the activity of the majority of listed companies”, explain the managers of the Tunis Stock Exchange. They specify, however, that this result only…

The European Union (EU) takes note of the announcement of the provisional results announced by the Independent Electoral Commission (IEC). However, the body is careful not to congratulate a re-elected president with a river score (94%) but for a participation rate of 10% according to the opposition, 48% according to the Electoral Commission (CENI). Yesterday evening in Abidjan, instead of ululating and fireworks, gunshots were heard. The homes of the main leaders have been attacked according to opposition sources. Appointed president of the National Transitional Council (CNT) by the opposition coalition, Henri Konan Bedié maintains the slogan of civil disobedience.…

The net income of Total Côte d’Ivoire, a subsidiary of the multinational oil company of the same name, fell 45.5% at the end of the first half of 2020 compared to the same period of 2019, announced the leaders of this company based. in Abidjan. This result stood at 3.063 billion FCFA against 5.616 billion FCFA as of June 30, 2019, a decrease of 2.553 billion FCFA in absolute value. As for the company’s turnover, it recorded a decrease of 11.4%, from 227.251 billion FCFA in the first half of 2019 to 201.397 billion FCFA a year later. The leaders…

The United Arab Emirates give their full support to France. In an interview with the German daily Die Welt on Monday, Anwar Gargash, the Confederation’s Foreign Minister, was very clear, calling on Muslims to integrate. “You have to listen to what Macron in his speech really said, he does not want ghettoization of Muslims in the West and he is absolutely right,” he said. According to the minister, “Muslims must integrate better and the French state is entitled to seek ways to achieve this while fighting against radicalism and community confinement”. The United Arab Emirates thus join Saudi Arabia and…

Wall Street widely speculated Monday, betting on a probable victory for Joe Biden. At the opening of the meeting, the headlines flew for an insane 30 minutes during which rumors of the Democratic candidate’s “big win” spread like wildfire. The Democratic candidate is promising a $ 2.2 trillion stimulus package. The S & P500 gained this Monday + 1.23% to 3.310 and ends close to its opening levels, the Dow Jones stands out with + 1.6% (0.6% better than the opening, and its best performance since October 7), the Nasdaq is content with + 0.4% but posted -0.4% 2 hours…

Mute since the launch of the campaign to boycott French products in the Arab world, Prince MBS’s Saudi Arabia has finally spoken out. “Freedom of expression and culture should be the beacons of respect, tolerance and peace, rejecting practices and acts that generate hatred, violence and extremism that are contrary to coexistence” , announces a press release from the Ministry of Foreign Affairs relayed by the official media. The House of Sauds immediately supports free speech while condemning those who equate Islam with terrorism. The kingdom is refraining from relaying the appeal launched by other Muslim states demanding action against…

The net profit of Société Multinationale de Bitumes (SMB), which specializes in the production, processing, storage and marketing of bitumen, recorded a strong increase of 949% at the end of the third quarter of 2020 compared to the same period of 2019. . This result went from a deficit of 701.575 million FCFA as of September 30, 2019 to a surplus of 5.958 billion FCFA as of September 30, 2020, an increase of 6.660 billion FCFA. As for the company’s turnover, it increased by 4% to 79.550 billion FCFA against 76.825 billion FCFA in the third quarter of 2019. It…

The 6 largest IPOs in the history of global finance are all Asian, as this infographic from Statista shows. Four of them are Chinese. Foremost among these mega-introductions is Ant Financial, the financial subsidiary of Alibaba Group. The initial public offering (IPO) of the company that runs the Alipay payments application could indeed fetch more than $ 34 billion, Statista said. Ant Financial’s first listing is scheduled for November 5 in Shanghai and Hong Kong. Saudi Aramco’s IPO at the end of 2019 brought in a total of $ 29.4 billion after an increase in the number of initial shares.…

Malta. Mediterrania Capital Partners, a private equity firm specializing in growth investments for SMEs and mid-sized companies in North Africa and Sub-Saharan Africa, informs that Albert Alsina, founder and CEO of the company, has published a new book in order to share knowledge and experience of value creation in companies. The author of the book “Value Creation in Private Equity”, Albert Alsina, said: “Being able to select the right companies in which to invest is crucial, but most important is the ability to create value and have an impact from the start. first day. With this book, I intend to…

Bank Of Africa (BOA) Burkina, a subsidiary of the banking group of the same name, achieved at the end of the third quarter of 2020 a net banking income (NBI) of 34.304 billion FCFA (51.456 million euros), announced the leaders of this banking establishment based in Ouagadougou. Compared to September 30, 2019, when it stood at 31.333 billion FCFA, this GNP has increased by 9.48%. According to the leaders of BOA Burkina, the GNP is essentially supported by the growth of the net banking margin of 11% and of commissions and miscellaneous of 5.4%. During the period under review, the…

On October 21, the Guinean Ministry of Security announced the deaths of nine people, including two police officers, Amnesty International reports in a report on the tense situation following the presidential elections on October 18. The Union of Democratic Forces of Guinea (UFDG, opposition), announced on October 23 that 27 people had been shot dead since October 19, including 18 in Conakry, three in Manéah, three in Labé, one in Mamou, one in Télimélé and one in Pita, and that more than one hundred people were wounded by gunshot. The home of Cellou Dalein Diallo, president of the UFDG and…

The general direction of the treasury and public accounts of Benin raised on October 22, 2020 a total amount of 22 billion FCFA (33 million euros) at the end of its simultaneous issue of bonds assimilable du Trésor (OAT) of maturity 5 and 7 years in the West African Monetary Union (WAMU) financial market. Out of a total amount put up for auction of 20 billion FCFA, the agency UMOA-Titres, organizer of the issue, listed 97.075 billion FCFA of global bids made by investors. This gives a coverage rate of the amount put out to tender by the bids of…

While the Covid crisis has stressed the need to regulate and secure the telecoms sector and the dematerialized transactions ecosystem, Global Voice Group, a global provider of ICT and RegTech solutions for governments and regulatory bodies, wishes to raise awareness among decision makers about the urgent need to equip themselves with monitoring tools for the sake of transparency and securing these sectors, which are crucial for economies. Explosion of data volumes, multiplicity of sources, lack of storage space, cybersecurity issues, lack of expertise to analyze and interpret this information, difficulty in converting it into actionable information, high costs… The challenges…

The General Directorate of the Treasury and Public Accountancy of Côte d’Ivoire awarded on October 20, 2020 an amount of 33 billion FCFA (49.500 million euros) at the end of its issue by auction of assimilable treasury bonds (BAT ) maturing 28 days on the West African Monetary Union (WAMU) financial market. These resources are intended to cover the financing needs of the state budget. For this month of October 2020, the intentions of issuing public securities expressed by the Ivorian authorities amount to 60 billion FCFA against 140 billion FCFA for the month of September. At the close of…

The consolidated profit of the Telnet holding SA group, a Tunisian company specializing in software studies, electronic systems and telecommunications networks and controlling about twenty companies, increased by 42.59% at the end of the first half of 2020 compared to the same period of the year 2019, announced the leaders of this company based in Tunis. This consolidated profit rose from 2.205 million dinars on June 30, 2019 to 3.144 million dinars on June 30, 2020, an increase of 939,378 dinars. The group’s share in this profit is 3.090 million dinars against 2.065 million dinars in the first half of…

With Africa rocked by multiple crises this year, governments in the region will need to orient their policy responses not only to short-term recovery, but also to long-term sustainability and resilience. Africa simply cannot afford to invest more in the dirty, inefficient and fragile economy of the past. CAP TOWN – The International Monetary Fund predicts that COVID-19 could set sub-Saharan Africa back by a decade in terms of GDP per capita, which means staging a strong post-crisis recovery will be essential. But African leaders must choose wisely among the policy options available. If the investments made today only pave…

The resources mobilized by the decentralized financial systems (DFS) of the West African Monetary Union (WAMU) falling under article 44 of the law regulating DFS (level of activity reaching a threshold of 2 billion FCFA of outstanding of deposits and loans) amounted to CFAF 1,501.0 billion (€ 2.251 billion) as of December 31, 2019, up 9.9%, according to data from the General Secretariat of the Banking Commission, the body supervision of banking activity based in Abidjan. These resources are made up of deposits and loans (66.6%), net equity (27.2%) and other resources (6.2%), against 65.3%, 26.9% and 7, respectively, 7%…

The net profit of the Atelier du Meuble Interior (SAM) Company, specializing in the manufacture, assembly, assembly and marketing of all types of furniture and decorative items, fell sharply by 88.79% at the end of the first half of 2020 compared to the same period of the year 2019, announced the leaders of this Tunisian company based in La Marsa, north-east of Tunis. This result fell from 1.618 million dinars on June 30, 2019 to 181,423 dinars on June 30, 2020, a plunge of 1.437 million dinars. As for the company’s revenues, they fell by 33.46% to 6.884 million dinars…

Global transaction activity in the fintech space remained strong in the first half of 2020, despite the absence of mega-mergers and acquisitions. The uncertainty surrounding the coronavirus crisis has prompted investors to focus on early stage companies, which have been successful in raising significant funds through their venture capital, private equity and merger operations and ‘acquisition. According to data presented by StockApps.com, the three largest fintech deals in the first half of 2020 reached a value of more than $ 5 billion. Gojek’s $ 3bn Funding for Largest Fintech Deal in H1 2020 In March, Gojek, the Indonesian rideshare, delivery…

Total is reducing its exposure to fossil fuels. The French group, which presented its strategy and outlook to investors on Wednesday, announced that it would gradually increase its investments in renewable energies and electricity in order to reduce its dependence on petroleum products and to transform itself into a “multi-group -energy ”. The French energy group has also indicated that its dividend was “sustainable” with a barrel of oil at 40 dollars. To transform into a multi-energy group, Total intends to increase its energy production from liquefied natural gas (LNG) and electricity, “the two fastest growing markets” according to the…

African companies, move on, the state will join you! 60 years after independence, African unity remains a goal towards which peoples tend faster than politicians. Beneath its utopian exterior, the idea of united African companies can be baptized from the inside by entrepreneurs who are united and eager to build another destiny for Africa. Here’s why and how. In 60 years, the state failure in Africa has been widely documented. The betrayal of politicians continues to hit the headlines without undermining Africans’ desire to be an entrepreneur. While waiting for the real state, the time has come for the private…

DZEMA AYESSA-NDINGA APPOINTED DEPUTY MANAGING DIRECTOR OF TERMINAUX DU BASSIN DU CONGO IN BRAZZAVILLE Dzema Ayessa-Ndinga has been appointed Deputy Managing Director of Terminaux du Bassin du Congo (TBC), effective from 1 October 2020. A Congolese national (Congo-Brazzaville), Dzema Ayessa-Ndinga currently heads Bolloré Transport & Logistics’ agency in Brazzaville. He is also responsible for overseeing the business activities of Bluecongo and Havas Média Congo. Dzema Ayessa-Ndinga joined the Bolloré Group in Congo-Brazzaville in 2014. A graduate of the Estic-Gecom de Pointe-Noire and Ecole Supérieure de Commerce de Pointe-Noire (ESC) business schools, he has solid expertise in accounting and business management.…

Fitch Ratings has assigned African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of the African Risk Capacity Group (ARC Group), an ‘Insurer Financial Strength (IFS) Rating of ‘BBB+’ and a ‘Long-Term Issuer Default Rating (IDR) of ‘BBB’ with a stable outlook. Announcing the rating on its official website, after having earlier communicated same to the ARC Group, Fitch indicated that “the ratings reflect the commitment and credit quality of ARC’s sponsors, as well as the company’s good business profile, very strong capitalisation and leverage….” Continuing, Fitch stated that, ARC Ltd’s capital position is very strong, and a key strength…

The Eastern and Southern African Trade and Development Bank (TDB) is pleased to announce the appointment of Tim Turner as Senior Advisor to the CEO and Executive Team. Mr. Turner will be advising TDB on various matters including partnerships, resource mobilisation, strategy and risk management. Mr. Turner comes to TDB with an illustrious career in international and African development finance, and a successful long track record at the African Development Bank Group (AfDB) from which he retired recently, and where he served with distinction in several capacities, notably as Chief Risk Officer (2013-2020) and earlier, as Director of the Private…

No social project but rather invective and personnal  attacks. This first debate between Donald Trump, blue tie with red stripes and tight jaw, and his Democratic rival, Joe Biden, tie with thin black and white stripes, reveals a little what Tocqueville said 180 years ago, in “On democracy in America ”, namely that the system of representative democracy, dictatorship of the majority, does not necessarily lead the best to the top and that the Americans, pragmatists, are more occupied with commerce than with science and literature. Isn’t Donald Trump the caricatured incarnation of this great nation and Joe Biden, the…

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, and Mastercard, the global multi-rail payments technology company, today announced that they will partner to provide a wide range of real-time payment solutions globally. They will initially collaborate to offer best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005265/en/ The real-time account-to-account payments market continues to quickly expand. Prime Time for Real-Time — a recent study analyzing global…

African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, announces $100 million financing to enable its Member States to procure COVID-19 related medical resources through the Africa Medical Supplies Platform (AMSP). The funding is available to African governments to acquire medical supplies through the AMSP in the form of pre-approved overdraft limits for each African government. This facility quickens access to critical COVID-19 containment and therapeutic supplies by bridging short term funding gaps that African states may be experiencing. Launched in June, the AMSP was developed by the African Union’s Africa Centres for Disease Control and Prevention (Africa CDC), Afreximbank…

The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Pula to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. Every farming season, African farmers are exposed to a wide range of climate risks including drought, excessive rainfall, pests and diseases, and several other perils that negatively affect their yields. As an aggregator specialising in meso and micro parametric insurance in agriculture, Pula provides the levers to connect participating farmers with regional insurance companies and global reinsurance firms to underwrite such risks.…