Author: Rédaction Financial Afrik

In DR Congo, the agents and executives of the International Bank for Africa in Congo (BIAC) whose Council of State opposed the dissolution decided by the Central Bank (BCC), filed Thursday, November 19 at the Presidency of the Republic, a memorandum calling for the involvement of President Félix Tshisekedi with regard to their fate. This memorandum was tabled at the end of an organized march in the streets of Kinshasa. “We are surprised that the Central Bank was able to kill BIAC. This bank has appointed a cabinet of experts for its completion. A month later, we saw the statement…

For the Bolloré transport and logistics group, this is the heaviest package transported to Côte d’Ivoire with its 900 tonnes of equipment, including a turbine, an electric generator and various equipment. These machines will be intended for “the construction of the new Azito thermal power station, the work of which is being carried out by the Spanish supplier and manufacturer Cobra”, indicates the communication unit of this logistics structure. In fact, this plant, which contributes to asserting the energy mix in the country, will be equipped with a new turbine, which will increase the power output of the plant by…

Economists Fadhel Kaboub from Denison University in Ohio, USA; Ndongo Samba Sylla from Université Cheikh Anta Diop in Dakar, Senegal; Kai Koddenbrock from Goethe University in Frankfurt, Germany; Ines Mahmoud and Maha Ben Gadha from Tunis, Tunisia; are the leaders of this open letter signed by 500 personalities from all corners of the globe and world-famous and successful economists. These intellectuals plead for a break in economic development strategies in Africa and for the continent’s reconquest of its economic and monetary sovereignty. The open letter is available in 47 languages ​​(including African languages ​​like Wolof, in most cases with an…

By Adamou Sambaré, Managing Director of Creditinfo West – Africa. Covid – 19 has hit the world with a “double shock”: an unprecedented contraction in supply and demand coupled with a health-economic conundrum. For Africa, and the UEMOA region, the immediate picture is bleak. However, there is hope if the financial sector uses the situation as a trigger for accelerated transformation of lending processes and products, taking the lead from other sub-Saharan markets and levering advantage of the robust financial infrastructure in place. Background  The IMF forecasts a GDP contraction of 1.6% for Sub-Saharan Africa. For the UEMOA regional powerhouses,…