Author: Editor

By Daniel Pingeot Africa’s largest port, Tanger Med in Morocco has become one of the most important logistic platforms in the world in a decade. A positioning that is as much of its geographical location as its innovations in terms of dematerialization. With its freight exchange, the famous port Tanger Med is once again talking about him after an eloquent growth in 2017. Launched last March, in partnership with the CGEM (the General Confederation of Enterprises of Morocco), it is intended primarily for professionals transport and logistics. Its goal is to connect actors using Tanger Med, namely shippers and carriers,…

Palm Hospitality Africa, a subsidiary of the Palmeraie Développement Group, and the Plateau City Council, are launching the Abidjan Plateau hotel and announcing that they have entrusted Radisson Hotel Group, a world leader in high-end business hotels, with management. A management agreement was signed, in this sense, Monday, June 25 in Abidjan. A product of a joint venture between Palm Hospitality Africa, a subsidiary of the Palmeraie Development Group, and the Abidjan Plateau Commune, the “Radisson Hotel & Apartments Abidjan Plateau” is developed as part of the revitalization of the business center of the Plateau Commune. advertisement You can close…

On the occasion of a seminar on cyber security around the theme “Understanding and anticipating DDoS attacks”. The leader in cybersecurity solutions, the telephone operator Gabon Telecom officially launched on June 19 the technological solution called APS, to protect the 400,000 IP addresses of its customers. Recently, Gabon had been the subject of credit card fraud a year ago and new protection measures were put in place. But much remains to be done. There are daily violations of the right of the press, piracy, fraud and counterfeiting or even infringements of content (copyright, privacy, minors …). Gabon Telecom suffers 743…

Short-listed candidates for the takeover of a majority stake in Zitouna Takaful Bank are known. Coris Bank is one of two shortlisted applicants. The operation bears, remember, on a single block of shares consisting of shares held by: -The Tunisian State, Al Karama Holding and the Société Portfolio Invest in the capital of Banque Zitouna and representing 69.15% of the capital -Al Karama Holding and the Société Portfolio Invest in the capital of Zitouna Takaful, representing 70% of the capital. The stakes are important. “This is the majority transfer of a bank positioned in the Islamic finance segment and which…

The 840 Microfinance Institutions (MFIs) listed in the Economic and Monetary Community of Central Africa (CEMAC) had a total balance sheet of 854 billion francs in 2017., According to a report by the Cameroon Ministry of Finance (MINFI), customer deposits at its establishments reached 672 billion CFA francs during the same period, while gross loans amounted to 354 billion CFA francs, made up mainly short-term credits. These loans are down 20% compared to the level reached at the end of December 2016. This notable decrease is mainly due to the transformation of Crédit Communautaire d’Afrique (CCA), previously a second-tier EMF,…

Integr-All’s research and development team, an actuarial firm based in Douala and led by Eric MANIABLE, provides insurance and social security companies with the best of global innovation, adapted to the context particular of African economies. The anti-fraud tool is the latest innovation developed and tested on a health portfolio of more than 400,000 care records. Insurance companies face the challenges of fraud that has many causes and many actors: underwriting fraud, beneficiary fraud, false medical records, overbilling, substitution, overprescription. It is essential for these companies to carry out numerous checks on each claim. In practice, the insurer…

Mali adopted on Wednesday, June 20, at the Council of Ministers the bill establishing the Universal Health Insurance Plan (UHIP) to implement the Universal Health Cover. According to a statement issued at the end of the council, “the institution of the universal health insurance scheme aims to defragment the existing health risk coverage mechanisms in order to offer the entire population of Mali a regime of single health insurance that will cover all social categories through more appropriate mechanisms “. The government explains in the document that “the implementation of the RAMU comes into effect following the evaluation of the…

Guinea was at the big meeting in Brussels on June 22, 2018 for an economic forum oriented towards investors. Ranked among the most reforming countries, in the ranking of Doing Business in 2014 and that of a country performing according to the criteria of the World Bank’s competitiveness in 2017, Guinea has also reached satisfactory conclusions with the IMF. “Unusual performance in the history of our relations with the Bretton Woods institutions,” said Guinean Prime Minister Ibrahima Kassory Fofana, appointed a few weeks ago in what was considered by the specialized press as a presidential will of accelerate major projects.…

The Gabon Ports and Harbors Authority (OPRAG) held on Thursday its board of directors under the direction of its chairman, Pierre Reteno Ndiaye, appointed on November 23, 2017. He was previously the Chief Executive Officer of the Gabonese Refining Company ( SOGARA), based in Port-Gentil. During the year 2017, 762 ships stayed in Gabon against 752 in 2016, an increase of 1.3%. Regarding the volume of goods transited to the port, 7 million 19,639 tonnes were transported to the various ports compared with 5 million 799 thousand 409 tonnes in 2017. Sales in 2017 amounted to CFAF 11 billion 453…

Features Secretary Generals E. Mohammed Sanusi Barkindo of OPEC, Dr Sun Xiansheng, of the IEF and H.E. Mahaman Laouan Gaya of the APPO
 E. Mohammed Sanusi Barkindo to receive “Africa Oil Man of the Year” award at Energy Coalitions dinner Africa Oil & Power, the continent’s leading platform for energy development and discussion, is bringing together global leaders in oil and energy for the 2018 flagship conference in Cape Town — including H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC, Dr Sun Xiansheng, Secretary General of the International Energy Forum and H.E. Mahaman Laouan Gaya, Secretary General of the African…

The figures are from the National Agency for Statistics and Demography (ANSD). According to this official body, Senegal’s exports of non-monetary gold reached $ 81.540 billion between January and April 2018, an increase of over 30% over the same period last year. As a reminder, the Senegal Emerging Plan (PSE) targets a national production of 18 tons of gold per year. Last April, some 500 kilograms of gold were exported by Toro Gold (entered into production) in Geneva. Industry pioneer Sabodala Gold Operations (Sgo), which set a record of 233,000 ounces in 2017, is set to set a new record…

The story could be a story if it was not that of a German tennis player, one of the best of his generation against a state, the Central African Republic, drifting for 6 years, between coup d’etat State, transitional government, elections and sales of diamonds by armed groups under sectarian confessional wars on the nose and beard of UN forces. London-based bankrupt Boris Becker, who has a photo with the Central African President Faustin Archange Touadéra, says he has a valid Central African passport (his interview was due to be broadcast on June 24th). BBC). For its part, the Central…

The Draft Finance Bill Amending (PLFR) 2018 that has just adopted Gabon in Council of the Minister of 21 June is an exercise in severe adjustment of public spending which is not, relatively speaking and massive competition of the Europe and the international community in less, without recalling Greece.

The Singaporean group Olam was appointed, at the end of the Council of Ministers on Thursday, to provisionally manage the Libreville Leon Mba International Airport. After agribusiness, the Singaporean group Olam recently moved into the port sector with the construction and delivery of the new terminal at Owendo deep-water port. Since Thursday, Olam has been entrusted with the management of Libreville Airport (ADL). Olam replaces the French group EGIS which had the monopoly of the management of this tool of sovereignty for 30 years. “To continue to ensure the maintenance and operation of the Libreville International Airport, the Minister (Transport…

The fishing agreement between Mauritania and Senegal, several times postponed, is in its final phase according to the Senegalese Minister of Fisheries and Maritime Economy, Oumar Gueye. On June 20, the minister held a working meeting in Saint-Louis with his Mauritanian counterpart, Nany Ould Chrougha, in the presence of the members of the ministerial delegations of the two countries. A meeting sanctioned by a communiqué that invites the fisheries sectors in Senegal and Mauritania, to work to renew the fishing protocol. “Our meeting augurs a very next signature,” said Oumar GUEYE, explaining that the decision to postpone the signature initially…

By Diary Ndiaye After the Akon Lighting Africa project launched in 2014, the Senegalese-American star, Akon, continues its journey across the continent, with a new vision. It launches, indeed, a new cryptocurrency named Akoin, and intended to boost the African economies, to integrate the youth of the contains in this global economic movement that passes through cryptocurrency and blockchain. “Blockchain and crypto can be saviors for Africa, in many ways because it gives power to people and brings security to the monetary system, while allowing people to use it to advance and not to allow a government to develop an…

The Insurance and Social Welfare Control Authority (ACAPS) is organizing, jointly with the Access to Insurance Initiative (A2ii), the International Association Insurance Supervisors (IAIS) and the Toronto Center, a training program in Inclusive insurance for insurance supervisors from 18 to 22 June in Rabat. This training falls within the framework of the regional cooperation policy and conducted by ACAPS. It is intended for executives and managers of African supervisory authorities involved in the regulation and control of insurance sector. 15 countries from the African continent are taking part in this regional seminar, which aims to to enable participants to consider…

Press release ACAM Life of June 19, 2018. Founded in 2015, at a time when the digitization of the activities of financial organizations was already on the agenda, ACAM Vie (Cameroon Life Insurance) has a digital culture at its origins. To support the distribution and management of its innovative savings and provident solutions (for individuals and businesses), ACAM Vie has developed a digital platform, available and accessible via the following address: www.acamvie.com Each customer has a dedicated space at no additional cost. To qualify, simply open an account from its customer number (available from ACAM Life advisors, or by writing…

Fiscal 2017 will remain the most prolific in the annals of the African Trade Insurance Agency (ATI). The agency’s commitments reach $ 10 billion. On the sidelines of a press conference held on 4 June, ATI pledged to provide even more support to African member states to reduce their borrowing costs and provide them with an alternative to increasing debt. currency markets or syndicated debts which currently represent 60% of African public debt. “The continent is currently looking for African solutions to address development challenges such as affordable access to finance. As a strong African institution, ATI is on the…

The Ordinary General Meetings of the Regional Stock Exchange (BRVM) and the UEMOA Central Depository / Depository Bank (DC / BR) were held in Dakar on Tuesday, June 19, 2018. At the end of these Ordinary General Meetings, the first meetings of the new Boards of Directors of the BRVM and DC / BR were held and the members of the Boards unanimously reappointed Pierre Atépa GOUDIABY as Director President of both Councils for a term of three (3) years. He will be responsible for overseeing the execution of the 2018-2020 strategic plans of the two central structures of the…

The recipient of this year’s Outstanding Leadership Award was Papa Madiaw Ndiaye, Founding Partner and CEO at AFIG Funds. Private Equity Africa (PEA) (www.PrivateEquityAfrica.com) is pleased to announce the winners of the 2018 GP & Advisor Awards. The awards saw 26 firms collect the much coveted accolades at the 7th Annual PEA Awards Gala Dinner hosted at London’s prestigious Langham hotel on 12th June, which attracted over 200 industry professionals. The recipient of this year’s Outstanding Leadership Award was Papa Madiaw Ndiaye, Founding Partner and CEO at AFIG Funds, for his contributions to the growth of the industry. This is…

During a press conference to unveil its 2017 results, the African Trade Insurance Agency (ATI) also announced that it is positioning itself to provide even more support to its member countries across Africa with a specific focus to help governments reduce their cost of borrowing and provide an alternative to raising foreign currency debt through bond markets or syndicated loans, which currently accounts for 60% of the region’s total public debt. “The continent is currently searching for African solutions to tackle development challenges such as affordable access to financing. As a strong African institution, ATI is poised to become a…

Invested Saturday, June 16 in his stronghold of Ségou, Modibo Koné wants to force the democratic alternation in Mali. In front of supporters from all regions, the candidate of the Mali Kanu Movement called for the failure of the five years of inactivity embodied by President IBK. “We all lived for five long years under the rule and governance of President IBK’s family. Some of us have even agreed to contribute for the sake of our beloved Mali. We have all seen the result. How many prime ministers? Ministers? Leaders of big companies have believed and have been brought back…

Better a bad arrangement than a good trial. The London Stock Exchange endorsed this maxim by raising the Glencore share on Wednesday, the day after the announcement of the settlement of a dispute with the Congolese company Gécamines about their copper and cobalt mining joint venture. Democratic Republic of Congo (DRC). On the session, the Glencore share takes 1.36% at 08:27 GMT on the London Stock Exchange, one of the largest increases in the FTSE 100 index (-0.15%). Investors were watching the issue closely because of its impact on cobalt supplies from the DRC, by far the world’s largest producer…

Suez Canal sales in Egypt for the first ten months of the 2017-2018 fiscal year ending in June reached about $ 5.1 billion, Finance Minister Amr El Garhy reported on Sunday. the Egyptian MENA news agency. Garhy did not provide comparative figures, but said he expects revenues for the entire 2017-18 fiscal year to be about $ 5.6 billion, an increase of 14 percent compared to the previous year, according to the MENA. According to data from the central bank, the Suez Canal in Egypt generated $ 4.95 billion in revenue in the 2016-17 fiscal year. Egypt said earlier that…

Papa has been a leader in the Private Equity landscape for three decades LONDON, United Kingdom, June 15, 2018/ — Private Equity Africa (PEA) awarded Papa Ndiaye, CEO of AFIG Funds (http://www.AFIGfunds.com), the 2018 Outstanding Leadership Award at a ceremony held in London Tuesday night. PEA is the pre-eminent magazine on Private Equity in Africa. It is in recognition of PE professionals who have helped shape the industry. “It is quite an honor to be recognized by my esteemed peers for Private Equity Africa’s Outstanding Leadership Award. I have had the privilege of seeing the African PE industry blossom from…

COFINA, Africa’s leading institution for mesofinance, raised more than 16 billion CFA francs, an oversubscription of 60%, which reflects strong investor interest. The money raised will be reinvested in the financing of small and medium-sized businesses in the region. Initiated on April 11, 2018, the securitization of Compagnie Financière Africaine (COFINA), Africa’s leading institution for mesofinance, was closed on the Regional Stock Exchange, the Common Stock Exchange of the eight countries of the Union zone. Economic and Monetary Union of West Africa (UEMOA). This operation, the first for the region, involved a bond issue for an amount of 10 billion…

Almost two years to the day after announcing that he would sell his shares in the Britam insurer “within two years”, the businessman on Monday completed the sale of his stake in the Swiss reinsurance giant Swiss Re. In a statement released yesterday, Britam’s management states “that [it] has been informed by one of its major shareholders, Plum LLP (the investment vehicle controlled by Peter Munga), that Plum has, on June 11 , has entered into a Share Purchase Agreement with Swiss Re Asset Management Geneva SA, whereby Swiss Re will acquire the 348,504,000 ordinary shares of Britam held by…

Ecobank Transnational Incorporated, (ETI) (www.Ecobank.com), the Lomé, Togo -based parent company of the Ecobank Group, announces the departure of Ms Dolika Banda from its Board of directors. Ms. Dolika Banda, who served as a non-executive director on the Board of ETI from October 2014 retired from the Board at the last Annual General Meeting of ETI held on April 24, 2018 following the expiration of her mandate. The Board, Management and staff of ETI express their gratitude to Ms. Dolika Banda for her significant contributions to the Ecobank Group and her renewed commitment to continue to assist and support the…

Moody’s Investors Service has  downgraded the Government of Gabon’s issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. The rating downgrade is underpinned by continuing government arrears to creditors and suppliers which point to heightened government liquidity pressures and denote institutional weaknesses. Persistant arrears also risk delaying critical financial support from the official sector, in turn exacerbating existing liquidity pressures. The stable rating outlook at Caa1 reflects Moody’s assessment that the government’s challenging fiscal and liquidity positions with arrears likely to persist are balanced by likely continued IMF financial support as…