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The Compagnie Financière Africaine Group (COFINA), the first African institution of mesofinance, announces its first securitization of receivables on the Regional Stock Exchange, the Common Stock Exchange of the eight countries of the region. Economic and Monetary Union of West Africa (UEMOA). This operation, a first for the region, involves a bond issue for an amount of 10 billion CFA francs, an unprecedented amount for a financial institution in West Africa. It consists of the sale, by the Group’s subsidiaries, Compagnie Africaine de Crédit in Côte d’Ivoire and COFINA Senegal, of their receivables to a common securitization fund set up…

New service enables global e-commerce on the African continent and allows M-PESA users in Kenya to shop with PayPal merchants worldwide and allow Kenyan online businesses and freelancers to sell securely and transfer funds between their PayPal and M-PESA accounts NAIROBI, Kenya – (BUSINESS WIRE / AETOSWire) – PayPal and Safaricom announced a revolutionary collaboration that allows Kenyans to easily transfer money between their M-PESA and PayPal accounts. The new service removes the significant barriers that have prevented domestic consumers and businesses from taking full advantage of global e-commerce. “PayPal’s collaboration with M-PESA is part of the company’s long-term strategy…

The African Center for Natural Resources (African Development Bank) is organizing a high-level seminar on skills development in the natural gas sector in West Africa from 17 to 18 April 2018. The seminar will take place at the Tiama Hotel in Abidjan. It will highlight the transformative potential of natural gas for established gas producers and newcomers to this sector in West Africa. Participants will discuss strategies to unlock natural gas potential for national and regional markets. The seminar will allow participants to better understand ongoing developments down the value chain, supportive policy frameworks and market dynamics. The African Natural…

Mazagan Beach & Golf Resort is the craftsman of unforgettable holidays under the sun. In an exceptional place, the holidays are spent relaxing, leisure and sport. The whole family will be able to be lulled by the sweetness of summer, and share tasty moments around delicious meals offered by the restaurants feet in the water; choice of Spanish cuisine, barbecue grill and pizza. And, at Tutti Frutti at the edge of the pool, place to greediness. Around the beach, place to action with a multitude of activities for all ages: adrenaline rush in jet-ski, quad, or on the track karting,…

In a statement released on Wednesday, the state of Djibouti says it opposes “firmly to the threats and untruths broadcast by the company DP World”, shareholder of Doraleh Container Terminal (DCT), on the port facilities of Doraleh. “The DCT concession contract was terminated through a transparent legal process and, contrary to DP World’s allegations, DCT can no longer claim any concession rights under the contract in question,” says the government. , who regrets “the position of DP World which continues to harm the best interests of Djibouti”. According to the authorities, the now ex-partner “is not afraid to challenge the…

Director of Human Resources of MTN-BENIN, Viviane Dalia SISSUH also chairs the foundation of the mobile phone operator in the country. In this interview where she takes stock of ten years of actions of the Foundation, she also announces the organization of a “solidarity march” for the benefit of women on April 21, 2018. What are the reasons why MTN Benin, a purely commercial company decided to create, a foundation? Effect of fashion or MTN had a social program? Fashion effect, not at all! The foundation is part of the MTN DNA. Indeed, during the year 2001 can not remain…

The Pan African Risk Management Mutual (ARC), an institution of the African Union, is developing an insurance product to facilitate the implementation of rapid interventions and access to immediate financial assistance in the event of a crisis. epidemic. Ebola virus disease, Marburg virus disease, meningitis and Lassa fever will be covered during the pilot phase. More than 30 African countries are at risk for one of these four potentially epidemiogenic diseases. The Ministries of Health of Guinea and Uganda, the two countries where the pilot phase of the ARC’s outbreak and outbreak insurance program is being implemented, selected these four…

The fourth session of the African Regional Forum on Sustainable Development (ARFSD) will be held next month in Dakar, Senegal, under the theme of the High-Level Political Forum on Sustainable Development: “Transformation to Sustainable and Resilient Societies” . The Forum, which tracks progress in implementing the 17 Sustainable Development Goals (SDGs), which are themselves at the heart of the 2030 Agenda for Global Sustainable Development, will be held from 2 to 4 May. Nassim Oulmane, Chief of the Green Economy and Natural Resources Section of the Special Initiatives Division of the Economic Commission for Africa (ECA), says preparations for the…

Can they alone constitute 60% of the value chain of the cashew sector and, at the same time, suffer from lack of representativeness for the establishment of an Interprofessional Agricultural Organization (OIA) in the sector? FENAPACI [National Federation of Cashew Producers of Côte d’Ivoire] replied “no”. For this structure which claims 28 unions of cooperative societies and 352 cooperative societies, it is time for the actors themselves to take control of the sector by creating the interprofession expected since the disappearance of INTERCAJOU in 2011. They called this “Take control of your destiny”. Deadline In Yamoussoukro, where its directors met…

West Africa Rating Agency (WARA) today announced the publication of SICABLE’s first rating. On its regional scale, the long-term rating that WARA assigns to SICABLE is “A-“, in investment grade, while its short-term rating is “w-3”. SICABLE, member of Prysmian Group, is the Ivorian leader of the electric cable. The perspective attached to these ratings is stable. Simultaneously, on its international scale, WARA assigns to SICABLE the following notes: iB + / Stable / iw-5. The rating first reflects the fact that SICABLE dominates the cable market in Côte d’Ivoire and sets out to conquer the neighboring markets. SICABLE’s governance…

The Board of Governors of the Arab Bank for Economic Development in Africa (BADEA), holds its 43rd session on the Dead Sea, Hashemite Kingdom of Jordan, on April 10 and 11, 2018 in the framework of the Annual Meetings of Arab Financial Institutions joint. These Arab Financial Institutions, in addition to BADEA, include the Arab Fund for Economic and Social Development, the Arab Company for the Guarantee of Investments and Export Credits, the Arab Monetary Fund and the Arab Authority of the Investment and Agricultural Development. It should be noted that the Bank began operations in 1975 with a…

Diane Karusisi, Managing Director of Bank of Kigali, has been confirmed as President of the BK Group, the holding company which oversees the activities of the leading Rwandan financial group (banking, insurance and digital services). The information was given at the end of the week by the Kigali newspaper “The New Times” and corroborated since, from reliable sources, to the Rwandan Social Security Office, one of the main shareholders of BK. Set up last December, BK Group PLC reflects Bank of Kigali’s desire to diversify its scope of activities, long confined to the banking sector alone. The group’s three subsidiaries…

The Trump administration suspended Rwanda from AGOA. The African Growth Opportunities Act (AGOA) is an instrument promulgated by Washington in 2000 to promote partnership relations with Africa in place of aid. public. Prolonged by Barack Obama for ten years, Bill Clinton’s law allows access to more than 6,000 products from 38 African countries (selected according to their respect for human rights and democracy) to the US market without tariffs, subject to low taxation for certain products imported from the United States. The only problem, as we have seen in the case of Rwanda, is that AGOA is managed unilaterally by…

The Secretary General of La Francophonie Michaëlle Jean is proud to announce the appointment of Ambassador Hervé Ladsous as Special Advisor in his office. The French diplomat has been UN Under-Secretary-General for Peacekeeping Operations from September 2011 until 2017 and Ambassador of France in many capitals. Since 2014, he has been one of the top personalities involved in the political missions of La Francophonie, particularly as Deputy Chief of Mission for monitoring the electoral process in Madagascar. “I am very honored, touched and pleased by the decision of the Secretary General of La Francophonie to call me to her side…

Proparco has just taken a $ 3 million stake in JUMO, a start-up that offers non-underbanked people access to financial services through their mobile phones. JUMO develops an innovative platform for financial inclusion. An innovative and responsible digital financial services model JUMO offers its customers to subscribe to loans and savings products from their mobile phone. Fintech has developed a credit scoring algorithm that helps people to estimate their solvency and thus access funding at very limited costs. In 2017 alone, the start-up granted 12.2 million loans to its clients. JUMO currently operates on the African continent (Tanzania, Kenya, Uganda,…

The project for the first deep-sea port in Mauritania will be carried out very soon, towards the end of 2018, in the Mauritanian economic capital. This announcement was made Monday, April 2 by the president of the Nouadhibou Free Zone, Mohamed Ould Daf, on the sidelines of the second edition of the investment forum held in Nouadhibou in the presence of Mauritanian President Mohamed Ould Abdel Aziz. Indeed, according to Oul Daf, the feasibility study of this project was economically conclusive and the future port will have powerful technical characteristics. The new port infrastructure will have 18 meters of commercial…

Organized by the Moroccan Federation of Insurance and Reinsurance Companies and placed under the High Patronage of His Majesty King Mohammed VI as God assists, the 5th edition of the insurance meeting started on April 4th under the major theme of “disruption”. Tanzania is the guest country of honor. The organizers report 1000 participants representing thirty nationalities. On the sidelines of the event, Inga BEALE, President of Lloyd’s, finalized the establishment of a branch of the London group on the Casablanca Finance City site. If last year, it was the bitter federation that was in the spotlight, we note for…

Faithful to its commitment to contribute to the development of the continent’s entrepreneurial ecosystem, OCP official partner of AfricaDays has awarded this April 3 the HEC-OCP prize to ACRE Africa, a Kenyan Start Up, which through a holistic approach to insurance allows to support African farmers in a personalized way towards sustainable and sustainable yields. “More than just a prize, this distinction symbolizes the dynamism, creativity and innovation brought by the many talents that abound on the African continent. Today, I am proud to reward entrepreneurs who are helping to build the African agriculture of tomorrow, “said Karim Lotfi Senhadji,…

The third conference on the luxury and business market in sub-Saharan Africa will be held Wednesday, June 13, 2018 for the first time in Geneva, says Coralie Omgba, organizer of the event. After the success of the two previous Paris editions, in the presence of ‘an informed public such as the Cartier houses, Perrier-Jouët, Bloomberg, Bucherer, LVMH, Yves Saint Laurent, this first Geneva edition will look at both Africa business, the luxury sector in Africa, trends in luxury sector and HNW millenials. Africa, which today has 145,000 African HNW living on the continent, is experiencing a sharp increase in consumption…

ACAM Vie announces the digitalization of its business processes. The main objective is simplification and transparency in the services offered to the Customer. The first results of this positioning are visible, with the availability of the digital platform of ACAM Vie. In its current version, it allows subscribers (individuals) to consult: – the information related to the specific conditions of the contracts taken out, – the amount of the premiums collected from the contracts taken out, – the amount of the redemption values of the contracts subscribed, – the amount of the outstanding premiums of the contracts subscribed. All ACAM…

The Tunisian state has just launched a call for tenders for the transfer of direct and indirect participations in the Zitouna and Zitouna Takaful banks. According to the wording of the call for tenders, the State, Al Karama Invest and the company Portfolio Invest will sell their cumulative shares of 69% in the Zitouna bank and 70% in Zitouna Takaful to a “strategic investor” who has the ability to manage. The Consortium led by Finactu International and including BDO Tunisia, Auxilium Consulting and the law firm Adly Bellagha & Associés, has been retained by Al Karama Holding as exclusive advisor…

The Amadeus Institute and the Agricultural and Rural Prospective Initiative (IPAR) are pleased that the conference organized on March 29, 2018 in Dakar, under the theme “Accession of Morocco to ECOWAS: Foundations, Challenges and Common Perspectives” was the an opportunity for a frank and serene dialogue involving the various stakeholders of Senegal and Morocco. Under the auspices of our joint initiative, controversial debates of great wealth have taken place between political leaders, consumer associations, trade unions, representatives of civil society and the private sector and Senegalese and Moroccan research centers. Indeed, exchanges have explored, without complaisance, the political, social, economic…

The first meeting of the Board of Directors of the Millennium Challenge Account-Côte d’Ivoire (MCA-Côte d’Ivoire) was held on March 29, 2018. Chaired by the Secretary General of the Presidency of the Republic, the Minister Patrick Achi, the meeting, which follows the signing in November 2017 in the United States, of the Grant Agreement of the Compact Côte d’Ivoire in the amount of $ 524,740,000, allowed to adopt measures on the implementation of the Compact Côte d’Ivoire Program. MCA-Côte d’Ivoire, established by ordinance dated December 14, 2018, is an independent entity charged with ensuring, on behalf of the Government of…

The 2018 edition of the iF DESIGN AWARD, a world-renowned design award, has just awarded the iF Award 2018 to the designer Hicham Lahlou for his project Concept “M” – metal awning of the toll station of the motorway. bypass of the city of Rabat for Motorways of Morocco in the discipline “Architecture”, category “Urban / Landscape”. The iF DESIGN AWARD is organized every year by the iF International Forum Design GmbH, based in Hannover, Germany and considered as the oldest independent design organization in the world. The “M” project concept attracted a jury of 63 members – composed of…

As part of its strategic development plan, CICA-RE is setting up in Tunisia. A major breakthrough could be the CIMA Member State Joint Reinsurance Company (CICA-RE). Jean Baptiste N.Kouamé, CEO of the company said it is a branch. This is not an accreditation in good and due form. The presence of the reinsurer of the CIMA zone in Tunis will make it possible to develop a win-win partnership for the benefit of all players in the insurance market thanks to the stable economic prospects of the sub-region. In this vein, CICA-RE intends to collaborate with market players to develop a…

New proof of OCP’s commitment to the African continent. At the occasion of the CEO Africa Forum, big mass of the leaders of African companies March 26th and 27th in Abidjan, OCP was presented with the Prix de la Stratégie de social responsibility of the year, awarded by a jury of top managers. “What OCP does goes beyond the simple social responsibility strategy. We are fully committed to the development of African agriculture. “said Karim Lotfi Senhadji, CEO of OCP Africa who received this distinction. This is the first time that this award for the best social responsibility strategy of…

Abidjan, March 29, 2018 – Compagnie Financière Africaine Group (COFINA), Africa’s leading institution for mesofinance, announces the signing of a strategic partnership with Mediterrania Capital Partners, a private equity fund dedicated to business growth in Africa. This minority stake, together with technical assistance, will enable the COFINA Group to raise up to 50 million euros in capital and debt over the next three years. Thanks to this financing, COFINA strengthens its financing capacities with its customers and accelerates its regional development, with four new installations planned in West and Central Africa by 2021. The arrival of Mediterrania Capital Partners in…

Djibouti is in talks with the French shipping company CMA CGM to develop a new container terminal at an initial cost of $ 660 million as part of the project for the development of maritime and air transport on the African continent. Aboubakar Omar Hadi, chairman of the Ports and Free Zones Authority of Djibouti (DPFZA), told Reuters on Tuesday that the authority hopes to grant the concession in July. CMA-CGM was also ready to buy out DP World’s stake in an existing container terminal to put an end to litigation with the Dubai port operator and avoid arbitration, he…

Senegal has mobilized all its energies for the development of development in order to build the future, and it is in this context that it has created the Virtual University which counts 20 thousand students of License, Masters, PhD, in artificial intelligence, according to the President of Senegal, Macky Sall. “We have created technology parks. We gave prices worth $ 440 thousand euros. At the same time, we are funding digital projects for $ 2 million. We plan to train 3,000 qualified people per year in digital. We awarded 300 scholarships in this area. We organize a 1000 person forum…

Pape Alassane Diouf is the initiator of the Salon Finance Expo. A month from the meeting of finance in Dakar, it takes stock. See you soon, a month ago, how is the Africa Finance Expo? Allow me to congratulate myself, in advance, on our partnership with Financial Afrik, and to salute, like many of your readers, the excellent work you are doing. To come back to your question, we must admit that the Africa Finance Expo looks good and augurs great benefits for the participants. We expect a thousand people if we rely on pre-registration and the excitement that the…