- Presidential election in Guinea: strong mobilization and peaceful voting without major incidents
- Banks: BOA Niger warns of a drop of more than 50% in its net profit
- Civil Aviation: Global Aviation takes a key step towards its operating authorization in Senegal
- Niger reaffirms its sovereignty over Somaïr’s uranium
- Egypt relaunches its sukuk with a $105 million issuance
- Emirati Axis Group of Pankaj Oswal claims 29 billion USD from Guinea after loss of mining license
- BEAC: Revenues on the rise to USD 1.05 billion in 2026
- South African Aspen Pharmacare sells key Asia-Pacific operations for $1.6 billion
Author: Rodrigue Fénélon Massala
Rodrigue Fenelon Massala is a Senior Reporter at Financial Afrik. He holds a degree in Diplomacy from ENAM in Ouagadougou, a Master’s degree in Media Management and Communication from the École Supérieure de Journalisme (ESJ) in Lille, as well as a Master’s in Law, Economics, and Management with a specialization in Management from the University of Lille. Rodrigue Fenelon Massala is a pan-Africanist with a deep passion for culture, international geopolitics, contemporary history, and African finance.
Cameroonian Calvin Mebenga had succeeded in record time in subscribing nearly 10,000 people in the cities of Yaoundé and Douala in investments in exchange for high returns. At the head of the company Mekit Invest, the Bernard Madoff of the tropics offered his clients to invest sums of money in terms of investment that he remunerated at rates of up to 15% per week over a period of 21 month. The first phase of operations seemed to attract a lot of clients until the promoter was no longer able to pay the interest promised to its subscribers. Thus, on September…
Thunderclap. Ghana Anti-Corruption Prosecutor Martin Alamisi Burnes Kaiser Amidu forwarded his resignation letter to the President of Ghana on Monday, November 16, 2020 Indeed, the anti-corruption prosecutor openly accuses the Ghanaian head of state Nana Akufo-Addo of “political interference” in the smooth running of his work by infringing on his prerogatives of independence vested in law. This resignation also comes three weeks before the presidential election. The resigning prosecutor asserted with pomposity that he remained convinced “that he was no longer able to carry out in all independence” his work, in a letter of resignation addressed to the president and…
In a previous article published last Saturday, we revealed the recall of the French Ambassador to the Ivory Coast, Gilles Huberson, who is currently the subject of an internal investigation for morality. According to our sources, the replacement of this last ambassador recently stationed in Abidjan has been recorded on the banks of the Seine. Indeed, the recall of the French ambassador stationed in Abidjan in a particular context had given rise to many questions and speculations. Very quickly, certain diplomatic circles mentioned the name of his successor. Thus, the name of Brice Hortefeux, former Minister of the Interior of…
The American policeman’s knee on poor George Floyd’s neck is the symbol of an era. As if awakened from his voluntary blindness, the whole world discovers the ordeal of men of colour, African-Americans or, to depart from politically correct language, “negroes”. Let’s face it, American police officers do not have a monopoly or trademark of discrimination. International institutions in general and the UN in particular are not exempt from it. Within the UN system, discrimination is resisting the passage of time and is even experiencing a second youth in an agency like the United Nations Population Fund (UNFPA), a freewheeling…
Brice Laccruche Alihanga, former director of cabinet Ali Bongo, was arrested by the General Directorate of Information (DGE) this morning. Quoted in a case of embezzlement of public funds, Brice Lacruche had been dismissed from the government less than 24 hours after an interview between President Ali Bongo and his prime minister. In recent days, several relatives of Lacruche have been apprehended. At the time of writing this information, Brice La Cruche was still on the premises of the RDG.
Always in the process of privatization, never ceded, the Versus Bank becomes a chestnut of the financial press. Behind this strategic operation announced regularly, hide the drama of a minority shareholder theoretically protected by the OHADA. It is Jean-Claude N’da Ametchi, one of the founding members of the bank created in 2003, with 30% of the capital. Things are proceeding almost without problems until January 7, 2009, when Mr. Ametchi sells his shares to the State for an amount of 554 million CFA francs to honor later on March 31 of the same year. According to the protocol then signed,…
Received at the Elysee Palace on September 3rd, Congolese President Denis Sassou Nguesso, 76 years old, including 35 years in power, well briefed by his longtime “friend”, Jean Yves le Drian, met with French President Emmanuel Macron for a 45 minute time. But at each of these two interviews, both with the boss of the Quai d’Orsay and with the tenant of the Elysée, a name came back: Jean-Marie Michel Mokoko. This is the General incarcerated since mid-2016 and sentenced to 20 years in prison by Congolese justice. Questioned by the Association of the Diplomatic Press, Le Drian replied in…
By Rodrigue Fenelon Massala, Grand Reporter. African politics has been discussed these days in the provinces where French President Emmanuel Macron invited his Ivorian and Guinean peers, Alassane Ouattara and Alpha Condé to take part in the commemoration of the landing of August 15, 1944. lunch held on the sidelines of this event between the...
By Rodrigue Fenelon Massala Great Reporter Special Envoy to Niamey The member countries of the African Union (AU) have gathered since Sunday, July 7, 2019 in Niamey as part of the launch of the African Continental Free Trade Area (Zlec). “This is the biggest historical event for the African continent since the creation of the OAU (Organization of African Unity) in 1963”, argues President Mahamadou Issoufou of Niger, one of the strong links in the promotion of the area free exchange. The 32 heads of state and more than 100 ministers attending the summit will launch the free trade area,…
Concluded in Addis Ababa under the umbrella of the African Union and the UN on 24 February 2013, the Framework Agreement for Peace and Security in Eastern DR Congo was signed by nine countries share natural and artificial boundaries with DR Congo, including the Republic of South Africa. In order to boost in its own way the progress made in the national implementation of this mechanism, President Félix Tshisekedi has appointed Claude Ibalanky as head of the national mechanism for monitoring the framework agreement for peace known as the international term “Addis Ababa Agreement”. Appointed by the President of the…
By Rodrigue Fénélon Massala, great reporter Côte d’Ivoire hosted the “Ibrahim Governance Weekend” (Ibrahim Week on Governance), the annual event of the Mo Ibrahim Foundation, from 05 to 07 April 2019 in Abidjan. During the meetings, participants from Africa and around the world had to discuss the issue of migration of young Africans. A theme considered by the Foundation as a priority in terms of governance and leadership for the continent. According to the Mo Ibrahim Foundation, the issue of migration must be placed at the heart of the governance agenda of African states. Discussions focused, among other things, on…
The Economic Commission of the African Union, in partnership with the African Capacity Building Foundation (ACBF), held in Yaoundé, capital of Cameroon, from 4 to 8 March 2019, the third session of the specialized technical committee (CTS) on finance , monetary affairs, economic planning and integration. For 4 days, African experts and ministers in charge of finance and planning laid the groundwork for the transformation of African economies in the context of integration, strengthening trade through the implementation of financial instruments continent and the continental free trade zone. According to the final report that sanctioned this third session of the…
Forbidden to leave the Cameroonian territory since January 31, 2019, Edgard Alain Mebe Ngo’o, former Minister of Defense, was finally placed in custody for suspicion of malpractices in military equipment purchases. Who would have believed it ? The ex-powerful Minister of Defense of Paul Biya was arrested and detained. The Golden Boy Alain Mebe Ngo’o...
Placed under arrest by the prosecutor since January 15, 2019 and sentenced for a year despite his parliamentary immunity, MP Alain Lobognon is free again. The lawyers of this close Guillaume Soro have won a first battle on appeal where they raised exceptions of nullity. After deliberation, the public prosecutor requested 6 months suspended against...
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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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