Author: Editor

Casablanca, October 21, 2020 – Mazars, an international group specializing in auditing, taxation and consulting, today unveils its new brand identity in more than 90 countries and territories, thus signing a major milestone in the evolution of the company. This brand redesign reflects Mazars’s desire to offer an alternative and bring a different perspective to the audit, tax and consulting market. On the other hand, it reaffirms the group’s commitments to building a just, prosperous and sustainable world. Hervé Hélias, Chairman and CEO of the Mazars Group, declared: “I am delighted to unveil this new identity of our brand and…

“Ladies and Gentlemen of the national and international press, despite the numerous frauds which marred yesterday’s presidential elections in the Republic of Guinea, I came out victorious in the first round. I thank the members and supporters of the Alliance who accompanied me in this election as well as the entire people of Guinea for the confidence placed in me ”. It is with these words that Cellou Dalein Diallo, the president of the UFDG, has just proclaimed his victory following the presidential election on Sunday from his party headquarters. The only body empowered to announce the results, the Independent…

Fed Africa, a multi-sectoral recruitment agency dedicated to Top and Middle Management functions on the African continent, present in Paris and Abidjan, publishes its first study on professional mobility. This survey was carried out among 761 employed candidates or actively seeking for a position between February and April 2020[1]. The study questioned both expatriation candidates (69% of the panel) and those who are already expatriated (31% of the panel). What motivates or has motivated them to leave? How did they find their job? What is their need for support? 97% of candidates ready to move abroad Among the local candidates…

Africa.com is convening thousands of leaders of African businesses, and the highest ranks of U.S. agencies that support African business, to present opportunities for growth through trade, investment and technical assistance. This virtual summit, Africa’s Portal to Doing Business with the United States, will take place virtually on October 14, 2020. The virtual summit, unprecedented in terms of scale, breadth and depth, will convene thousands of c-suite executives and decision-makers at African businesses, large and small, from across the continent. Designed specifically to serve African business leaders, this Virtual Summit is a portal, a one-stop-shop, into the United States Government’s resources…

Dubai, United Arab Emirates, 8 September 2020: Leading Global Forex Brokerage firm , Axiory Global’s CEO Roberto d’Ambrosio wins Best CEO award in the Forex (FX) Brokerage Industry, at the recent 2020 Business Worldwide CEO Awards, for his outstanding work in the area. Axiory is based in Belize and has an authorized representative office in Dubai. Roberto, who is currently the Director and CEO of Axiory Global, has two decades of experience in Compliance and Financial Services along with many years of experience in company leadership. He’s been and continues to be involved in the set-up and management of all…

27 août 2020. ACT Afrique Group announces the appointment of three new independent directors to its board, including its new chairman effective 4 August 2020 : • Prof. Muhammadou M.O. KAH, new chairman of the board Prof. KAH is the founder and Chairman of a Start-up Khamsys Technologies located in Bijilo, The Gambia. Prof.KAH served as the third Vice Chancellor of The University of The Gambia (UTG) (2009- 2015), where he also held the position of Professor of Information Technology & Communications and Overseer of the Gambia College. He was the first Gambian born to lead the UTG and the…

For economics professor Emmanuel NNADOZIE, Executive Secretary of the Foundation for Capacity Building in Africa (ACBF), the Covid-19 pandemic poses a serious challenge to Africa. Tribune.

Alpha Waly Diallo. Once again, Côte d’Ivoire becomes an African concern on the eve of the presidential elections in October 2020 which, according to several observers of the Ivorian situation, in recent years, recall the horrible situations of 2010 with its lots of errors, injustices and flagrant violations of the constitution, in the eyes of some. The political balance of power has evolved since the sudden death of President Ouattara’s successor and former Prime Minister the late Amadou Gon Coulibaly. It would seem that only the candidacy of President Ouattara would prevent this clash within the RHDP party, while…

By Darwis Khudori (Indonesian architect and historian, director of Master’s Degree in Exchanges with Asia at the University Le Havre Normandy, France). Monday, July 20, 2020, I received an Internet link from one of my Algerian students: « La stèle dédiée au Président Soekarno témoigne des relations algéro-indonésiennes » (The stele dedicated to President Soekarno bears witness of Algero-Indonesian relations). The stele was inaugurated on Saturday, July 18, 2020, in Ben Aknoun, a quarter of Algiers, the capital city of Algeria, by a diplomatic representative of Indonesia (H.E. Ambassador Madam Safira Machrusah) and the director general of Asia-Oceania of the Algerian Ministry…

Cairo, 20 July 2020: – The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative. Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the construction of the Rufiji Dam and Hydropower Plant in Tanzania. Afreximbank was appointed as Global Coordinator and Financial Advisory to arrange the guarantee facilities for the project. The transaction won the award for the best structured finance deal in North Africa as part of EMEA…

MN (Flour Mills of Nigeria PLC) the largest Agro-Allied and food group on the Continent of Africa, recently announced its audited financial performance for the 2019/2020. The report released on the 3rd August to the Nigerian Stock Exchange, highlights a number of remarkable achievements despite the prevailing economic headwinds and difficult operating terrain in Apapa, Lagos. In line with the group’s management focus of developing Nigeria’s self-sufficiency within the agricultural value chain, FMN has invested heavily (over 150 billion Naira) in recent years to ensure Nigeria has the infrastructure and capabilities to create its own raw materials to support the…

Customizable, cloud-based humanoid robot to optimize the human experience, improve work efficiency and reduce costs DGWorld, the leading AI and Digitalization Company, has launched the new version of its humanoid robot at the Ai Everything Summer Conference held on July 16, 2020 at the Dubai World Trade Center. WIZO serves a multi-functional purpose in pushing beyond the boundaries and limitations of a service robot with big data analysis & management, centralized control system, safe & secure database, multimodal interaction, flexible movement, facial recognition, speech engine, proprietary SLAM technology for autonomous navigation, and automatic docking & recharging. Eng. Bilal Al-Zoubi, Founder…

July 15, 2020: Large shipping losses are at a record low having fallen by over 20% year-on-year, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2020. However, the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges.

By Gérardine Mahoro, CEO ACT05 (www.act05.com). Public and private african affairs expert, in Africa and between Africa and Europe. Europe celebrates its 75th anniversary, the opportunity to make an inventory and think the way to cross the particular conjuncture which the world is going through, for better change management. Paradigm shifts at a glance in the way of doing business, of cooperating and even from a social and cultural point of view. These changes started on their own several years ago, leaving everyone in a reaction position, until social movements and the pandemic came to put things in place, forcing…

– Governments and development partners must respond in a more coordinated, targeted, and rapid manner to be effective in limiting impacts – An additional 49 million Africans could be pushed into extreme poverty by the pandemic and its aftermath; West and Central Africa stand to be worst hit Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well, according to updated forecasts from the African Development Bank, released on Tuesday. In a comprehensive socio-economic assessment of the pandemic’s impact, the Bank said growth was now projected to rebound to 3% in 2021 from -3.4% in the worst-case…

By Alassane Ndiaye*. “The turn of events since the warning shot fired by the US Secretary of the Treasury with his letter addressed to the Chairwoman of the Board of Governors of the African Development Bank on May 22nd is worthy of a thriller series, drawing comments and prognosis from all over, and all equally divergent over the course of the various episodes. Although the series began airing in January 2020 with a staff complaint filed with the AfDB’s Office of Integrity, followed by the episode in which the same group, seemingly unsuccessful the first time, escalated then by…

By El Hadji Abdourahmane DIOUF.  The WTO is in bad shape. The Doha Round is everlasting. The United Stated is paralysing the functioning of the Appellate Body. The multilateralism is regressing. The post-Covid global trade needs to be fine-tuned. Humanity is wondering and the Director-General (DG) of the WTO is stepping down. A successor needs to be found at short notice. It’s Africa’s turn ! The election of an African at the head of the WTO will have positive repercussions on global trade regulation. States retain leadership at the WTO. But a visionary African director with leading and perceptive skills…

Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term. The decision was announced today in Cairo following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation of resolutions due to the COVID-19 pandemic situation. In an acceptance statement released shortly thereafter, President Oramah told Shareholders that the Bank’s ultimate goal under his second term of office is the realisation of Africa’s strategic ambition to create an integrated market. “We want an Africa where the foundations of the African Continental Free…

The Conference of Parties (CoP) of the African Risk Capacity (ARC) has elected Mr. Ibrahima Cheikh Diong, of the Republic of Senegal as the new ARC Group Director General, for a term of four (4) years. The election of Mr Diong, which was ‘without objection’ from all the Members, was consistent with provisions of the Procedure for Electing the Director General which calls for consensus by the Parties, to the extent possible. The CoP commended the ARC Agency Governing Board and the Board of Directors of ARC Insurance Company Ltd (Joint Board) for putting in place a competitive and transparent process for…

By Leila Ben Hassen. Today, 8 June, all ocean lovers and stakeholders celebrate the United Nations World Ocean Day 2020, with this year’s theme being” Innovation for a Sustainable Ocean”. During the last few years, African governments have shown increasing commitment towards the blue economy (all ocean and sea-based activities) and implemented new policies to achieve SDG14 by 2030. There has been more collaboration between the private sectors, civil societies, academics and local communities. The Covid-19 pandemic has exposed how deeply human’s health, wellbeing and economies are linked to the oceans. We have all been concerned about the spread of…

Standard Chartered  has today announced the appointment of Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa and Middle East (AME) region. Subhradeep brings over 19 years of diverse and international experience in the banking sector to the AME region. Most recently, Subhradeep was the CFO for Standard Chartered Bank’s India franchise, where he played a crucial role in driving the country’s strategic transformation and performance. Prior to this, he was the Global CFO of Retail Banking at Standard Chartered, based in Singapore, where he was integral in the Retail Bank’s large-scale global turnaround efforts. Sunil Kaushal, Regional CEO,…

By Khalid Cherkaoui Semmouni Rabat Center for Political and Strategic Studies Director. The Yemeni Civil War is an ongoing conflict that began in March 2015 between two factions: the Abdrabbuh Mansur Hadi-led Yemeni government and the Houthi armed movement, along with their supporters and allies. Iran support the Houthis and Arabia Saudia support Abdrabbuh Mansur Hadi. In the beginning ,  Houthi forces currently control the capital Sanaʽa and allied with forces loyal to the former president Ali Abdullah Saleh, have clashed with the forces loyal to Hadi who are based in Aden. Al-Qaeda in the Arabian Peninsula (AQAP) and…

The Africa Private Creditor Working Group is an initiative to represent the views of international private creditors invested in Africa and to work with countries on their financing needs during the COVID-19 crisis.

By Khalid Cherkaoui Semmouni, Director of Rabat Center for Political and Strategic Studies. The North Atlantic Treaty Organization’s (NATO) intervention in Libya had a major role in the overthrow of the Qaddafi’s regime at 2011, which also had important repercussions at the regional level. As a result, endless and complex civil wars and Libya has gone divided among so many factions, and splitted between two rival governments, various rogue militias and tribes. Since 2011, Libya has already become a source of concern for the international community  because multiple security and economic challenges it imposes on the north of Africa and the…

For ancient Greeks, a crisis was not necessarily a dreadful event, but rather a moment for important decisions. The COVID-19 pandemic has caused many lives to be lost and created dramatic socio-economic impact—it is a true humanitarian crisis. But, could it also be an opportunity for Africa? A defining moment that will allow us to call for bold actions in three independent, yet mutually reinforcing, areas. Covid-19: A wake-up call for increasing digitization in the public sector Our public sector has the potential to be a powerful tool for inclusion, if it undergoes a sweeping transformation underpinned by a…

By Pierre Delval Africa is undoubtedly one of the largest reserves of diamonds in the world. Beyond Australia, Canada or Russia, the international sector of finance knows that the Democratic Republic of Congo, Botswana, and South Africa together hold hundreds of millions of carats in their soil. In addition to these three flagship countries, there is Sierra Leone, Lesotho, Angola, Namibia, Ghana and Zimbabwe. Unfortunately, by denial or not, all these countries ignore that their soil, so rich in time, will be worth almost nothing tomorrow if nothing is done today to save it. Explanations. Such wealth should have long…

A sketch of ideas for a global future By Darwis Khudori “That Asia has ‘risen’ in the world economy since at least 1960, and especially since 2000, is a proposition that is widely accepted” (Immanuel Wallerstein, The Rise of Asia in the World Economy, GIS Réseau Asie – French Network for Asian Studies, September 2012). For Kishore Mahbubani “The rise of the West transformed the world. The rise of Asia will bring about an equally significant transformation. […] The rise of Asia will be good for the world” (Kishore Mahbubani, The Asian Hemisphere: The Irresistible Shift of Global Power to…

By Maria Nadolu, globe-trotter. We’re having one of our usual globetrotters’ long phone calls; we’re used to travel more than 6 months a year, switching from one eco-system to another, ready to integrate new viral horizons and molecular innuendos; my friend is just returning from Mumbai to Kuwait city, whilst I’m still soaking the winter sun in Val d’Aosta, at the border in between North Italy and France. As usual, our conversations disperse like coffee flavor in the thin morning air; a mix of sharing personal experiences and analyzing world affairs… This time, it only takes a few minutes to…

The news went around social networks.  Guinea Conakry and the 5 English-speaking countries of West Africa denounce the “unilateral” decision to rename the CFA franc to “eco” on the sidelines of a meeting held on Thursday January 16 in Nigeria. The six countries of the West African Monetary Zone (WAMZ) “noted with concern the declaration aiming to unilaterally rename the CFA franc to eco by July 2020”. Finance ministers and central bank governors of the six countries say in a statement that “this action is not in accordance with the decisions” of the Economic Community of West African States (ECOWAS)…

According to our sources, the president of the Senegal Oil and Gas Risks Insurance Pool, Majdi Yassine, informed the Senegalese insurance and reinsurance market that Sonam, a bidder on behalf of the Insurance Pool, has been confirmed for insurance cover for the Woodside oil project in Senegal. Majdi YASSINE is the CEO of the life and non-life insurance subsidiaries of Sanlam in Senegal, he has more than 15 years of experience in the insurance sector in sub-Saharan Africa, he helped the Colina group to start their subsidiary in Senegal in greenfield in 2008, and in less than 10 years he…