Author: foulah baldé

The Bank of China has granted a credit line of 44.9 billion CFA francs to Cameroon, according to an announcement published Wednesday (June 6th) in the Official Journal (OJ). This loan is intended to finance the first phase of the National Extension Project, the intelligent urban video surveillance system. It is stated in the said newspaper that for this purpose, the Head of State, Paul Biya, signed a decree authorizing the Minister of the Economy, Planning and Spatial Planning (MINEPAT) to initial the agreement with this Chinese bank. Initially, the National CCTV Extension Project’s commercial loan agreement was set at…

By Jacques Leroueil, Kigali THE STOCK ADVENTURE OF CRYSTAL TELECOM HAD BEGAN BEAUTIFULLY BEGIN. WHEN CRYSTAL VENTURES, THE FINANCIAL ARM OF THE RWANDAN PATRIOTIC FRONT, BASED ON THE POWER OF PRESIDENT PAUL KAGAMÉ, ANNOUNCES IN MAY 2015 THAT IT IS OFFERING THE FULL TITLE OF ITS SUBSIDIARY CRYSTAL TELECOM, THE NEW ONE IS RECEIVED WITH...

Less than two weeks after the arrival of the fund Mediterrania Capital in the round and after a solid rating signed by the agency Wara, Cofina makes its first release on the bond market through the securitization fund FCTC Cofina. Arranged by Africa Link Capital, the operation launched from 11 April to 11 May 2016 on the financial market of the West African Economic and Monetary Union (UEMOA) consists of the issuance of one million bonds and aims to mobilize 10 billion FCFA. The bond is denominated at a unit price of 10,000 FCFA with a coupon of 7.5% and…

The historic summit of Kigali on the Continental Free Trade Zone is scheduled for March 21, 2018. Some 29 heads of state will participate. In addition, 16 other countries will send high-ranking delegates. The following countries will be represented by their Heads of State: Niger, Uganda, Chad, Congo Brazzaville, Djibouti, DR Congo, Togo, Mauritania, Gabon, Guinea, Senegal, Kenya, Mali, Madagascar, Guinea Bissau, Mozambique, Nigeria, Burkina Faso Faso, the Central African Republic, Libya, Comoros, Rep. Sahrawi, Ghana, Lesotho, Gambia, Somalia, Angola, Zimbabwe and South Africa. The countries to be represented by their Prime Ministers, Vice-Presidents or Foreign Ministers are: Ivory Coast,…

Forced by the African National Congress (ANC) to resign, Jacob Zuma could be prosecuted for corruption. South African prosecutor Shaun Abrahams has indeed decided to pursue the case to the end. The former President of the Republic is suspected of receiving bribes for a € 4.2 billion arms deal signed in 1999, when he was vice-president of the country. Suspected of having paid bribes on the sidelines of this contract, the South African subsidiary of the French industrialist Thales is also being sued. Zuma will face 16 counts of 783 cases of alleged wrongdoing, said Friday the spokesman of the…