Author: Editor

The African Development Bank (AfDB) is organizing 8 at 9 February 2018 the second edition of the African Forum for Resilience, whose main theme is “Strengthening the Resilience of People at the Bottom of the Pyramid,” a statement from the institution said. For this more than 300 people are expected in the capital of Côte d’Ivoire, including ministers, representatives of national and international organizations, civil society figures as well as academics and private sector figures, who will discuss ways to accelerate the implementation of the Bank’s five strategic priorities, High 5. Other topics will also be on the agenda of this…

Douala will host the 2019 Single Securities Exchange of the Economic Community of Central African States. This is the main decision taken Friday in the economic capital of Cameroon on the sidelines of the 4th meeting of the Steering Committee of the Economic and Financial Reform Program of the Economic and Monetary Community of Central Africa (Pref-CEMAC). The measure stemming from a decision taken in October 2017 in N’Djamena (Chad) by the heads of state of the subregion will result in the merger of the Central African Securities Exchange (BMVAC), whose head office is in Libreville and the Douala Stock…

The Association of Ivorian International Officials (AF2I) strongly criticized the decision of the African Development Bank (ADB) to separate from the Ivorian citizen Albéric Kacou, Vice President in charge of Human Resources and Institutional Services of the African Bank of Development. In a correspondence, the association whose mission is to promote the presence of Ivorians in the international civil service and the interests of Ivorians employed in international public organizations, said to have learned with “the greatest amazement”, the 22 January 2018, the “abusive and brutal dismissal of the Ivorian Albéric Kacou, Vice-President in charge of Human Resources and Institutional…

The African Solidarity Fund (FSA), a multilateral financial institution, is rated AA + by WARA. The perspective attached to this notation is stable.Dakar, the 02 / 02 / 2018 – West Africa Rating Agency (WARA) today announced the publication of the first rating of the African Solidarity Fund (ASF). On WARA’s regional scale, the long-term rating of the FSA is “AA +”, in investment grade, and its short-term rating is “w-2”. This counterparty rating is the combination of an intrinsic rating of “A” and 4 external support scores, which WARA adds as a result of the Fund’s sovereign ownership…

This order comes to accompany the development of the new national company of Senegal Air Sénégal, the Senegalese national company has signed a firm order for the acquisition of two A330neo, the new remotorized version of the best-selling large axle A330. This order follows the memorandum of understanding signed last November at the Dubai Airshow. This agreement was signed in Dakar by Philippe Bohn, Air Senegal CEO and Fouad Attar, Airbus Africa and Middle East Commercial Aircraft Director in the presence of French President Emmanuel Macron on a state visit to Senegal and Macky Sall, President of the Republic of…

Sonatel (telecom) remains the value that focuses the most transactions on the BRVM in 2017.

The new exhibition of the Painter Abdellah Dibaji takes place at Mazagan Beach & Golf 2 to 18 February 2018. Who does not want to get lost in the narrow streets of the medinas of the Kingdom secretly hoping to fall on a nugget, a moment of unusual life, a jubilant crowd or just a unique smell? Movement to colors, it’s all emotion, the artist-painter, a native of Azemmour, explores the subtle secrets of lights and shapes of the medina of El Jadida and Azemmour. These canvases reveal the finesse vibrant silhouettes rushing in the heart of unspoiled architecture, a…

The International Francophonie Organization decided to trust TBWA \ Group for its first global advertising campaign as part of the International Day of the Francophonie, which will take place March 20. “We are very happy for this strong commitment of TBWA / Group to promote the values held by the Francophonie. This campaign comes at an important moment for the Organization and its member countries. It is essential to make our action and our missions to a wider audience, “said Michaëlle Jean, General Secretary of the Francophonie. “At TBWA \ Group, we are very proud to support the International Organization of the…

Addis Ababa, the 30 January 2018 – The Pan African Risk Management Mutual (African Risk Capacity, ARC), a specialized agency of the African Union, and the United Nations Economic Commission for Africa (ECA) have announced a partnership that will allow the two organizations to combine their efforts to strengthen African States’ climate risk insurance coverage. The multilateral agreement was announced at the African Union’s annual summit in Addis Ababa and commits the ARC and ECA to build the capacity of their common member states by integrating risk management investments into government planning. ARC and ECA will collaborate in the areas…

FUND MANAGERS REFUTE THE IDEA THAT THERE WAS A STOCK MARKET CRASH IN 2017 After a first and a second part dedicated to the dynamics of the market and to the external and internal reasons explaining the correction registered with the BRVM in 2017, Daniel Aggre, Managing director and founder of Sikadvisory and Ahmed Diallo, address in this third and last part the 2018 perspectives.  Resolutely optimistic. To better understand the decline in the market, a survey was conducted among fund managers in the UEMOA sub-region. The stated goal: to know the time of the year when fund managers felt the market…

A year after his arrival at the Elysee, Emmanuel Macron multiplies the trips to Africa without necessarily breaking in a Françafrique resuscitated after two false funerals pronounced by his two predecessors. In Tunis, the French president welcomed on his arrival, Wednesday 31 January 2018, in a new African tour circumscribed apparently to the countries which knew recent political alternations, a “democratic model in the Arab world, which must be supported, because it is a hope and a laboratory for the whole region “. His speech to a parliament deserted by leftist parties sounded like a criticism of Nicolas Sarkozy about…

ByDaniel Aggre, Managing Director and Founder of Sikadvisory andAhmed Diallo (Financial Analyst) After analyzing the different events that influenced the BRVM in 2017, les  In this second part, experts discuss a sectoral reading of the BRVM as well as the decoding of the evolution of the companies that have been the stars throughout the year. The 3th part focuses, it, on the perspectives of the year 2018. Evolution of the BRVM by sector of activity BRVM Distribution: 43.34% decrease in 2017 Since the end of the post-electoral crisis in Côte d’Ivoire, it has been the second sector that has made the most progress…

Designer Hicham Lahlou has been elected a member of the new Board of Directors of the elected Directors for the 60 years of the World Design Organization (WDO) for the period 2017-2019 following the first electronic vote in the history of the organization which took place as part of its 30th General Assembly at the United Nations Conference Center (ITCILO) in Turin, Italy. This summit has seen 20 candidates from 4 corners of the world come forward; More than 150 organizations and national institutions of the world voted. Hicham Lahlou will sit on the Board of Directors in early February…

“Jump to Prosperity” is the theme of the second edition of the International Black Economic Forum to be held from 3 at 4 February 2018 at the Montreal Science Center. The Forum is dedicated to entrepreneurs, professionals, community organizers, students and academics interested in developing successful black communities both locally and internationally. The goal is to educate, provoke dialogue and create solutions that will have an impact. Under the honorary presidency of Frantz Saintellemy, many entrepreneurs, experts, renowned specialists, investment funds, incubators or influencers from the world of politics will be present to stimulate the creation of wealth among blacks.…

Rwanda is a country where national authorities are in the cockpit and determine where the country should go under its Vision. This is what has led to the progress of agriculture in the country over the last five years, says Attaher Maiga, FAO Representative. After five years of presence in Rwanda, this senior executive delivers here a brief report of end of mission, at the microphone of the journalist André Gakwaya of Rwanda News Agency (RNA), partner of Financial Afrik in the region of the Great Lakes. Would you like to give us a brief summary of your time at…

By PAR Anis Souadi SINCE some time, all eyes at the regional and international level, have turned to Africa. It is because this continent, long forgotten, has appropriated another much more important status, thus becoming the new strategic platform for international economic cooperation. Most importantly, experts and policymakers are now talking about Africa as the new Eldorado of new wealth. It must be recognized that Africa, despite its large and unlimited potential, has for years been away from international economic projections. It has suffered as a result of the misuse of its wealth, diktats foreign contractors and especially the stranglehold…

Of Ugandan nationality, Mr. Ssegawa has over 27 years of senior-level experience in conducting organization-wide reforms. He is currently Director of Human Resources and joined the African Development Bank in May 2016. In this role, he played a key role in the implementation of the new organizational structures and related change management, human resources development and strategic staffing for the new Service Development and Delivery Model. the bank. Prior to joining the African Development Bank, Mr. Ssegawa served as Human Resources Director of the Airtel Africa Group in Nairobi – Kenya, from 2012 to 2016, where he demonstrated leadership in…

In order to support the digital transformation of the African continent, Proparco has just taken a stake of 5 millions of dollars inTLCOM TIDE AFRICA FUND, a fund that will finance young innovative companies in sub-Saharan Africa. Thanks to new technologies, these start-ups will improve people’s access to essential services. Technology for sustainable development If the penetration rate of SIM cards on the African continent is the only one today that is close to that of Western Europe (70% vs 83%), access rates to essential services are still very far: the rates of electrification, access to health or banking do…

Seven years after a first test, the African Development Bank (AfDB) is making a new investment of US $ 10 million in Phatisa, manager of sectoral funds present in Sierra Leone (West Africa) and the island. Mauritius (East Africa). This new investment by the AfDB, signed 27 November 2017 and destined for the fund Phatisa Food Fund 2 (PFF2), is a sign of confidence in Phatisa, “said Stuart Bradley,Joint Managing Partner, and Vincent Destieu,Main. The operation is part of the “Feeding Africa” ​​strategy, one of the five pillars of the vision of AfDB President Dr. Akinwimi Adesina.”We had met the…

Mazagan Beach & Golf Resort is the perfect place for a romantic getaway. A stroll along the shoreline, an exceptional ocean sunset, a candlelit dinner, Mazagan Beach & Golf Resort is all about love to provide an idyllic atmosphere for lovers. The time of a stay, place to romanticism and the pleasure of sharing with two the gourmet treasures concocted for this special occasion. At the Morjana restaurant, under the brocade hangings with the accents of the Arabian Nights, this is the promise of a trip out of time. Colorful and tasty, the Chef offers a gourmet menu with a…

• An innovative concept that highlights the notion of the Green Revolution shared by the OCP Group. • Through this award, OCP reiterates its commitment to the development of innovative initiatives for sustainable agriculture on the continent. Casablanca, the 25 January 2018 – Solid card for the second edition of the “Startup Of The Year Africa” ​​(SOTYA) prize, initiated by Startup.info, 1er collaborative magazine of startups, with the OCP Group, the world leader in the phosphates market and derivatives. This year, more than 600 startups took part in the 2018 edition and more than 12 000 online votes were collected…

Paul Romer throws in the towel. The head of the World Bank resigned Wednesday after being criticized for stating that Chile’s ranking in a Doing Business report may have been deliberately skewed under the chairmanship of socialist Michelle Bachelet. Romer’s resignation, 15 only months after accepting the position, was announced in an internal memo issued by World Bank President Jim Yong Kim. “I appreciated Paul’s frankness and honesty, and I know he regrets the circumstances of his departure,” said Kim, adding that Romer would resume his position as professor of economics at New York University. . In an interview…

The Regional Stock Exchange (BRVM) recorded its third largest decline in its history at -16.81% in 2017 against 25.89% in 2009. In this file, Daniel Aggre and Ahmed Diallo, experts from the Sikadvisory firm deliver their analysis of the events that impacted the BRVM in 2017. As early as January 2017, the market was punctuated by negative elements in economic, political and security terms. Side values, only eight (8) companies were able to pull out of the game while the others were swept by a wave of panic investors. The latter will surf elsewhere throughout the year in the red. Our…

As African leaders prepare to meet in Addis Ababa, Ethiopia for the 30th Ordinary Session of the 22 Conference of Heads of State and Government of the African Union (AU) at 29 January 2018, the African Capacity Building Foundation (ACBF), the AU’s specialized capacity-building agency, is taking the necessary steps to provide advice to Heads of State and African Governments on capacity needs in Africa. fight against corruption on the continent. An effective fight against corruption will help Africa to address the massive investment in a skills revolution to facilitate an accelerated and sustainable transformation of Africa through successful implementation…

Modibo Diop The various failures of the international financial system and induced effects on the economy have had consequences for the need to secure global financial ecosystem with the implementation of savoir-of reforms. Basel Conventions 2 to Bâle3 prudential standards lXCHARXéconomie financing have evolved taking into account the ratio Cooke or minimum guarantee capital ratio to the ratio of Mac Dounough characterized lXCHARXexigence solvency and own different funds of off balance sheet financial institutions and consequently their bank customers. LXCHARXévolution agreements Basel following the 2008 financial crisis has devoted tighter implementation of capital standards by adding the consideration of short- and…

Emirates, the Dubai-based airline, has signed a memorandum of understanding for the acquisition of additional 36 A380. The agreement was signed this morning by SA Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, and John Leahy, Chief Operating Officer Customers of Airbus Commercial Aircraft, at the airline’s headquarters in Dubai . The agreement concerns a firm order for 20 A380 and an option for 16 additional devices, valued at 16 billion (13 billion euros) at list price. Deliveries are planned from 2020. Sheikh Ahmed said, “We have never hidden that the A380 is…

Mediterrania Capital Partners supports KMR Holding Pedagogique in building the largest private higher education platform in Morocco and French-speaking Africa. Barcelona / Malta. Mediterrania Capital Partners, a private equity fund dedicated to the growth of SMEs in North Africa and sub-Saharan Africa, announces, in collaboration with its investment partner DPI, the acquisition of the International University of Casablanca (UIC) via KMR Holding Pedagogical, subject to regulatory approvals. Founded in 2010 by Laureate Education, the world’s largest network of institutions Higher Education, in order to meet the growing needs of higher education in Morocco, UIC became during this period the first…

Consultations, led by the Chairperson of the African Development Bank Group, Akinwumi Adesina, were held, 11 and 12 January 2018, in Abidjan, Côte d’Ivoire, between, respectively, the governors of West and Central Africa and the senior management of the institution. These are the first consultations of this nature since the creation of the Bank in 1963. “The Bank’s Annual Meetings were previously the only forum for discussion and exchange between you, governors, and senior management. We have decided to make this annual consultation format a second opportunity to listen to you, to benefit from your wise advice and to discuss…

Injaro announces an investment in AviNiger, a poultry company that meets animal welfare standards. AviNiger will provide quality consumer eggs and help reduce the protein deficit in Niger. Injaro invests with BIO, the Belgian Investment Company for Developing Countries, in a Nigerian company to build a state-of-the-art egg farm with an annual capacity of over 35 million eggs in Niamey. This investment will make AviNiger the leading egg producer in Niger. The farm will be equipped with a poultry and livestock production unit with a capacity of 30 000 tonnes. The production of the plant will provide quality and accessible…

GH Management Consultants is suspended for 15 months of all tenders from theAfrican development bank. The African Development Bank Group (ADB) announced that 16 January 2018 has entered into a negotiated agreement with GH Management Consultants and its managing partner, Mr. Georges HANIN. An investigation by the AfDB Integrity and Anti-Corruption Bureau revealed that GH Management Consultants engaged in fraudulent practices as part of its participation in a competitive bidding process. consulting services for the Institutional Support Project in Statistics and Public Finance and during the subsequent execution of the same contract. The Institutional Support Project in Statistics and Public…