Author: Rédaction Financial Afrik

On March 15, 2021, Outsource Monetic ™, an Atlanta GA-based startup, officially began commercial and technical operations in West and Central Africa. Outsource Monetic ™ is the 1st Independent Operator of Automated Banking Machines (or IAD – Independent ATM Deployer) to operate in the 8 WAEMU countries (Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo) and the 6 CEMAC countries (Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon). “We are delighted and excited to start our startup in West and Central Africa,” said Mika DIOL, Founder and CEO of Outsource Monetic ™; “Thanks to…

As part of the project on the second container terminal in the Port of Abidjan, Côte d’Ivoire Terminal is announcing the order of 36 electric towing vehicles from the manufacturer Gaussin. The new handling machines will equip the future container terminal, construction work on which was launched in October 2020 by Côte d’Ivoire Terminal. The order, for a total of €9.9 million (6.5 billion CFA francs), is one of the commitments made by the leading shareholders of Côte d’Ivoire Terminal, Bolloré Ports and APM Terminals as part of the public-private partnership signed with the Côte d’Ivoire authorities. It is notably…

Watch it live on Friday April 23 from 10am GMT on financialafrik.com, YouTube and Facebook. On the occasion of the release of his book ”CFA Franc, Eco and Monetary Sovereignty, Stakes and Reality”, published by NEI-CEDA Editions, Kouassi Kouamé will answer Financial Afrik’s questions, in a debate on CFA Franc reforms, and the transition to Eco. Engineer Statistician Economist, Mr. KOUASSI has served at several levels of responsibility, as Director General of Budget and Finance at the Ivorian Ministry of Economy and Finance, Director and Administrator of the BCEAO, Chairman of the Board in various public and private institutions .

London, 20 April 2021 – Global and African dignitaries, institutional investors, fund managers and entrepreneurs opened the African Private Equity and Venture Capital Association’s (AVCA) 17th annual conference today. The live virtual programme brought together more than 350 key private equity and venture capital practitioners from over 50 countries around the world, to discuss the trends and developments shaping Africa’s investment landscape in 2021 and beyond. H.E. Nana Addo Akufo-Addo, President of the Republic of Ghana, launched AVCA’s virtual conference week. Introducing the theme “Resilience, Resurgence and Results” with a keynote address, he commended the private sector’s role in pushing Africa’s…

To follow live, Friday April 16 from 10am GMT, on financialafrik.com, youtube and Facebook. Journalist Lemine Ould Mohamed Salem will face Adama Wade, publication director of Financial Afrik magazine. Journalist, reporter, writer and director, Lemine Ould Salem gives his point of view on the jihadist threat that is undermining the Sahel. Author of the investigative books “Bin Laden of the Sahara: In the footsteps of the jihadist Mokhtar Belmokhtar”, published by La Martinière in 2014; “The Secret History of Jihad, Al-Qaida to the Islamic State”, published by Flammarion in 2018, and also of the documentary “Salafists” shot in 2016, Lemine…

The West Africa Trade & Investment Hub (Trade Hub) has announced the launch of its Virtual DealRoom which enables international investors to access Trade Hub information and business opportunities. Funded by the United States Agency for International Development (USAID), the Trade Hub aims to catalyze economic growth in West Africa using a market-based approach. Through its co-investment fund, the Trade Hub intends to attract $ 400 million in new private investment. The Virtual DealRoom has been implemented on Asoko Insight, a business data and engagement platform providing international investors, multinationals and development institutions with an efficient way to discover, shortlist…

While his comeback in 2022 in French politics is no longer a mere hypothesis, Financial Afrik lifts a corner of the veil on the mysterious back and forths of Nicolas Sarkozy in Africa. The former French president, seen in Kigali these days, is not strictly speaking an evening visitor to Conakry, a roving ambassador from the Ivory Coast or a selfless tourist in the savannah. Read our exclusive survey on Friday February 5, written by Alexandre Varel. En savoir plus sur ce texte sourceVous devez indiquer le texte source pour obtenir des informations supplémentaires

These massive appointments are due to the new administrative (regional) division. In fact, the number of regions has increased from 15 to 20. It appears that 13 soldiers close to Assimi Goita, vice-president of the transition in charge of defense and security questions, were appointed in place of civilians to lead a ten new regions. Previously there were only five soldiers out of the fifteen regional governors. According to sources, Colonel Assimi Goita and the Minister of Territorial Administration had the upper hand over these appointments. The objective is to apply the new strategy of defense and security of the…

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,…