Author: Adama WADE

Jovial Imbeh Serge was born in 1978 in Antananarivo, capital of Madagascar. After primary and secondary studies in his native country, he enrolled at the doctoral school of Toulouse (France) in the field of Ecnomy and Finance. His career began in Luxembourg in the field of finance and in Madagascar where he has a career of ten years. Candidate for the next Malagasy presidential elections of November 7, 2018, he explains to Financial Afrik the meaning of his commitment. Exclusive. Why does a young banker find himself in the political arena rather than continue his rich career and accumulate bonuses…

The two-year dispute with the Paris-based International Center for the Resolution of Disputes and Investment Disputes (ICSID) has seen the Mauritanian state’s dispute with Tamagot Bumi and Bumi Mauritania unfold. The court condemns Bumi to pay 3, 3 million euros to the Mauritanian state for abusive procedures. In this case, Mauritania was defended by Eric Diamantis, Pierre Ferroud and Jamal Taleb of Clyde. Opposite, Bumi had opted for the tandem Laurent Jaeger and Pascal Agboyibor from Orrick. The knot of the case In fact, the lawyers who defended Mauritania established that Bumi Mauritania had been sold by the Abeidina family.…

The Malian presidential elections of July 29, 2018 reveal the state of decomposition advanced economic and political field of this region of the Sahel. In all, 24 candidates vie for the supreme office without clear ideological or programmatic demarcation. It seems that the classic lines of left-right, progressive-conservative, liberal-communist lines no longer work in the Sahel. Ditto for sampling and opinion polls, which are binding only on those who believe in it. In this large solarium where the president Ibrahima Boubacar Keita said 73-year-old IBK, decided to represent to everyone’s surprise, all the markers seem lost, buried in the sand.…

In a world where standardization and standardization of ideas and behavior is the rule, Nelson Mandela symbolized rejection. This dull voice, proof of life and humanity, beats in us and we stifle every day in our heart for the needs of the career. Adama Wade Because we must not appear singular or “extremist”, modern man has entered an era of submission to the single thought and standardization of behavior, harmonization of positions and scrubs accents.   Mandela was one of those few who said “no” and persevered in the fight to make the common good triumph. However, in Africa,…

This is the highlight of the opening on July 11, 2018 in Abuja, general meetings of Afreximbank. The intervention of President Cyril Ramaphosa set the tone for the work of this institution born 25 years ago to boost inter-African trade. Indeed, it is time for integration with the signing of the treaty of the Continental Free Trade Area (ZLECA) March 21 in Kigali by 44 countries and 49 at the end of the last summit of the African Union held in early July in Nouakchott . So far only 6 countries have ratified the treaty. Nigeria is leaving the latest…

MATHEMAINEER AND CHEMIST OF TRAINING, THIS HEAD OF STATE, ANCIENTLY MINISTER OF LIVESTOCK, HAS NOT THE FLOWERED VERB OF A CONDATED ALPHA, THE REVOLUTIONARY REHORIC OF MADURO BUT, SURE SAID, THE DETERMINATION OF A MAO FOR FACE THE OBSTACLES AND REFORMISM OF AN ATTATÜRK TO FORCE THE DESTINY. There is currently one of the 54 African countries, a head of state that intrigues. This leader who speaks little has cut his salary from $ 100,000 to $ 7,000 a month, jostling ministers and collaborators. Located between the spectacular populism of a Nana Akufo-Addo and the martial pragmatism of Paul…

For its third edition held on 21 and 22 June 2018, the Africa Convergence forum organized by the electronic site “Tribune Afrique” has left its comfort zone in Casablanca for the steep cliff of the Pullman hotel in Dakar. The debates were rich and, beyond the themes that express the anxiety of the hour (water stress), the eternal African challenge (growth, unemployment and demography), the very fashionable “technological innovation”, or the contours of the Moroccan Soft Power, the event had (and this is what we liked) a more business than political character. The general theme, at first glaring of the…

Ejected from the Doraleh terminal on February 22, 2018, DP World has since conducted three offensives under the interested gazes of Beijing and Washington.

The Chairman of the Regional Council of Public Savings and Financial Markets (Crepmf), Mamadou Ndiaye, accompanied by a representative sample of financial market players, faced Monday, June 4 in Dakar, the students of the African Center of Postgraduate Studies in Management (CESAG), Institute of Excellence of the Central Bank of West African States (BCEAO). The meeting that took place as part of the financial education campaign launched by the Financial Market Constable was an opportunity to present the BRVM in its regulatory architecture oriented towards the protection of investors, its various compartments, its issues (1,300 billion FCFA for the year…

By Adama Wade, Special Envoy to Busan. If all agree on the development of Africa, some like the president of the World Bank are quite reserved on industrialization. He uses nuance, Jim Yong Kim. But the president of the World Bank is nonetheless firm. The industrialization of Africa must be conditioned by the creation of jobs. Admirer of technological transitions, the boss of the World Bank, keystone of multilateral development institutions, is rather in favor of diversification. Rwandan UAVs carrying blood bags and the M-Pesa system rather than heavy industry, said the South Korean in substance at the high-level panel…

Adama Wade, Busan, South Korea. These will not be the first meetings of the African Development Bank in terms of record attendance. But, certainly, these meetings opened this May 23 in Busan, 2 hours of TGV of the Korean capital, Seoul, will constitute a powerful viaticum for the African political decision-makers in charge of the development. It is almost impossible to seize this industrial model of a country that had a GDP per capita of half that of Ghana in 1960 without questioning the flat trajectories of African economies, best students of the World Bank and the IMF by their…

As announced, the Board of Directors of AGF West Africa, meeting on May 8, proceeded to the appointment of Mrs. Adidja ZANOUVI, as General Director of the structure to replace Mr. Franck ADJAGBA, now Assistant to the Director of Operation of the Group within the African Guarantee Fund in Nairobi. In the wake of these important changes, Financial Afrik spoke with Mrs. Adidja ZANOUVI. Synthetic answers. Exclusive. -What can we remember from the board of directors that has just been held in Abidjan? Three important decisions were approved during this Board meeting: The Change of the name of the…

Christian Abaka succeeds Adnane Chmnanti, head of BOA Capital Securities. Exclusive. The appointment made during the last board meeting of the banking group dedicated the promotion of a young banker, previously CEO of Sogespar (subsidiary of Societe Generale de Banques in Côte d’Ivoire dedicated to the management of collective investment schemes in securities Securities on the financial market of UEMOA) in place of a financier, hitherto identified as an embodiment of the spirit Othman Benjelloun (CEO of BMCE Bank Of Africa Group) by its panache and risk taking. Before joining Societe Generale, Mr. Abaka worked at BNI Gestion, as Development…

The accident that cost the life of a famous Senegalese artist, May 5, revives the debate on the theater of the drama, namely the toll motorway linking Dakar Blaise Diagne International Airport. The lack of lighting over a good part of the journey, because of the collision of the vehicle of the artist in question with a cow, is pointed out by many users and by the press. To cut short the controversy, Gerard Senac, CEO of Eiffage, the company concessionaire infrastructure for 30 years (the contract runs until November 30, 2039) goes up to the niche and announces quick…

This is how the largest acquisition of all time in the African insurance industry has taken place. The takeover of Saham Finance, Saham Group’s insurance division, was predictable. For two years, the South African group had managed to rise to a level of 47% of capital, following a two-stage acquisition. As a result, it was expected that there would be a move beyond 50% but not a total takeover. On March 7, Sanlam took everyone by surprise by announcing that it has acquired an additional 53%, ie 100% of this Insurance division, which extends in 26 countries, generates a turnover…

No, it’s not played yet. The award of the 2026 World Cup will not be settled on the green carpet, far from prying eyes by a FIFA executive committee which, in the days of the Swiss Joseph “Sepp” Blatter, decided life or death. The rules have changed. And, with the fall of the football business monument, a new team took over. A new team led by Italian Gianni Infantino, former president of UEFFA, the European football federation, hard core, if any, of FIFA. This new team will have to arbitrate between the candidatures of Morocco and the whole USA, Mexico,…

In March 2011, the business community questioned the speed with which the Bolloré group had taken over the Conakry container terminal. Seven years later, when French justice unearthed this case and Vincent Bolloré is indicted, it seemed wise to search the archives. Editorial of March 16, 2011 The way in which the Bolloré group returned to the port of Conakry raises a tsunami of questions. Not only that it is the pursuit of a strategy of permanent closure of the Gulf of Guinea, which we denounce, because it is, we believe, dangerous for the sovereignty of the States concerned and…

Abdellatif Kabbaj will run for the presidency of the National Confederation of Tourism (CNT), contrary to all expectations. The first Moroccan hotelier in number of rooms (excluding multinationals) is thus, with its own body, to block the road to any attempt of OPA of the CNT, this unifying body, which had shunned the Confederation of employers (CGEM) in 2007 and which today aspires to be integrated. In the race for his re-election at the CNT, the boss of the Kenzi channel will be paired Hamid Bentahar, a hotelier at heart, President of the Regional Council of Tourism Marrakech and Mr.…

Ecobank Transnational Incorporated is holding its 30th Ordinary General Meeting on April 24, 2018 in Lome in a rather optimistic context. The main indicators are green again. The bank went from a deficit in 2016 to a return of profits in 2017. The net result is 182 million dollars. But nothing is yet acquired. Architect of the current dynamics, Nigerian Ade Ayeyemi knows, the bank located Boulevard Mono in Lomé which has reduced its cost-benefit ratio by reducing its workforce to 15 930 (44% women) and closed many agencies including 75 in Nigeria , must further progress and improve…

The African Continental Free Trade Area was signed on March 21 in Kigali by 44 African countries. This giant step is held back by Nigeria, the continent’s leading economy, which abruptly suspended its participation on the eve of the summit of heads of state under pressure from its industry association. They denounce the non-involvement of the private sector in the negotiations and condition any membership of the ZLECA, process leading to the removal of 90% of customs duties, clarification of the rules of origin. Many observers recall that by boycotting Kigali, the West African giant, sponsor of the Lagos Plan…

It is well known that Nigerian banks are struggling to establish themselves in French-speaking Africa. Will the UBA show the opposite with Amie Ndiaye Sow? In charge of the subsidiaries of Senegal, Guinea and Mali, this former Ecobank banker holds a degree in economics, a master’s degree in finance, banking and insurance and a master’s degree in public finance management. , does not have the easy task. In office in Senegal since April 2013, the successor to Jean Luc Konan inherited more or less delicate files in the subsidiary of Guinea Conakry, the center of hot judicial cases, and…

The second largest shipping company, the Mediterranean Shipping Company (MSC) is based in Geneva, Switzerland, a country as landlocked as Mali and Niger. Present in East Africa since the beginning of its activities in the 70s and in West Africa since the 90s, the group develops three of its main activities through three entities: the shipping company MSC in the transport containers and newly vehicles, the TIL group (Terminal Investment Limited) which deals with the management of port terminals worldwide – including in Africa, and Medlog, a new entity, logistic branch and armed arm of the group for go to…

An audit conducted in the Interbank Banking Group of Central Africa (GIMAC) between September and November 2017 concluded the centralization of responsibilities in the hands of the Director General, Valentin Mbozo’o, and unsustainable staff costs. In particular, the Director-General is criticized for having spent the construction of the relief site in Douala, ie 388 million CFA francs, through the private agreement procedure. On this specific point, the GIMAC expressed its incomprehension as to the conclusions of the audit, arguing that the members of the Group Management Committee, consulted at home on December 12, 2016, confirmed the agreement given to the…

«BOLLORÉ COVERS ALL THE AFRICAN CONTINENT» Present on the African continent for half a century, Bolloré intends to invest 100 million euros between 2017 and 2018 in the logistics part. Eight regional hubs are involved, says Jérôme Petit. Interview. What are Bolloré’s main activities in Africa? In Africa, Bolloré has four core businesses: port concession operations, shipping, logistics and railways. Present in Africa for over fifty years, our group covers the entire continent (46 countries) and employs 24,000 people. Our success is based on a long-term vision, resilience capacity and diversification in terms of trades and geography. This long-term strategy,…

Solar projects of 30 to 50 MW are growing everywhere on the African continent. This is overall good news given the number of Africans (600 million, or 50% of the population) who do not have access to electricity. However, given the proposed economic models, financial set-ups and modest projects, it would not be inappropriate to ask if the production of solar energy on Lucie’s land is still ecological? If they are profitable for project promoters, are the financial parties involved, these micro-power stations, for the community, the communities and the state? A 30 MW plant of the type recently built…

Rental of old trains in the Congo, denunciations, reprisals, burial first class, recycling and clanism. Has the World Bank become a banana institution in Africa? The laborious negotiations currently taking place between the Congo and the Bretton Woods institutions offer a small concentration of the limits of the development policies applied in Africa. As the work unfolds, we learn that the main ministers in charge of the file are subject to a presidential audit. The measure would concern in particular the Minister of the Directorate of Major Works, Jean-Jacques Bouya, arrested recently in Parliament for the project of a road of…

Lafarge Holcim’s current Managing Director for West and Central Africa, Emmanuel Rigaux has been working in Africa for more than five years. Former country leader for Zambia and the DRC, he illustrates the ambitions of his group in this interview conducted on the sidelines of the Africa CEO Forum. What does the West and Central Africa zone mean for LafargeHolcim in terms of country presence and investments? It is an area that includes Francophone African countries with an industrial presence in 4 of these countries, namely Côte d’Ivoire, Guinea Conakry, Cameroon and Benin. In addition, there is a commercial presence,…

With a solid AA rating, AGF is about to sign a new acquisition, this time in Southern Africa, which would be added to the acquisition of GARI and, ultimately, form a resolutely pan-African guarantee fund. In this exclusive interview, the CEO, Félix Bikpo, talks about issues and perspectives. The African Guarantee Fund (AGF) has recently been rated “AA-“, several notches above the investment grade floor. What explains this quality of signature recorded by Fitch Ratings? The rating reflects an overall appreciation of the vision, the strategy put in place, the business model, human resources and financial strength. It is the…

Some 900 people have been registered for this 41 edition of the Assemblies of the Federation of African Societies of African National Law (FANAF). If the panels were raised, dealing with important topics such as raising the minimum capital (we will come back to this important topic in our future editions), most of the actors were looking for the right partners. Distortion on DAT Alongside insurers, reinsurers and brokers, there are many fund managers and brokers looking for the right deal. Customers (insurance companies) would be more demanding in terms of the remuneration of the deals. Thus West Africa…

The US stock market plunged against anticipations of a future increase in the Fed’s interest rates. Behind the mammoth Yankee, all the financial centers followed. The famous index of fear reaches new heights. This correction should continue even according to Mostafa Belkhayate, former world champion of the stock market, several times awarded in Paris, New York, Dubai or Casablanca. “This is just the beginning,” warns Mostafa in this special video to readers of Financial Afrik. “The trend is expected to continue,” he says, with candlesticks in support. For the former student of Faidherbe High School in Saint-Louis (Senegal), the yellow…