Author: Albert Savana

The depreciation of commodity prices on the international market, in particular the fall in the price of oil, which constitutes more than 80% of the country’s income, has plunged Chad into a worrying difficult socioeconomic situation. At the end of the humanitarian-development-peace meeting and the joint launch of the 2021 humanitarian response plan and the response plan for refugees held on June 4 in Ndjamena, it emerges that the humanitarian needs are greater because of the economic slump. and security concerns that swallow up large sums of money that could have been injected into the economic circuit. In response, the…

For the first time in a decade, the profit made by Nestlé Côte d’Ivoire will allow dividends to be distributed to shareholders at the rate of CFAF 363.665 net per share. What is more, this decision endorsed by the general meeting of June 4 comes at a time when the Nestlé CI (NTLC) share, up 868, 75% compared to the previous year, is currently one of the most popular stocks. on the regional stock exchange (BRVM). “The activities in 2020 took place in a relatively difficult social and economic environment, marked by an unprecedented health crisis linked to the COVID19…

The Monetary Policy Council of the Central Bank of Mauritania held a meeting on Friday, 05/28/2021, under the chairmanship of Mr. Cheikh El Kebir Moulaye Taher, Governor of the Central Bank of Mauritania. During this meeting, the Council followed a presentation on the analysis of recent developments in national and international economic conditions. Internationally, the global economic recovery remains dependent on the evolution of the Covid-19 pandemic. The vaccination campaign and the ongoing deconfinement in most developed and emerging countries are raising optimism for a rapid improvement in growth prospects globally. According to the latest IMF forecasts, global growth is…

Bitcoin has seen its value drop from $ 64,000 in April to $ 36,000 today. While the big conference on cryptocurrency, bringing together stars and stock marketers was held on June 4 in Miami, virtual currency continued to tumble on trading platforms, raising concerns and questions especially on the part of those who joined the wave of buyers from the month of April with the ardent faith of the new converts. To those who hoped for the Promised Land on the strength of an angry tweet from Elon Musk, the disillusionment is great. In two months, the gains of the…

Changes have taken place within the Association of Insurance Companies of Cameroon (ASAC) with the election of Thierry Kependen as the head of this professional organization. Managing Director of AXA-Cameroon, he replaces Théophile Gérard Moulong, Managing Director of Saham, now Sanlam Assurance, who will have spent four years at the head of this corporation. During his term of office, the new president of ASAC will be assisted respectively by Richard Lowé, president and CEO of the Activa Assurance group and Olivier Marâtre of Allianz Assurance. At the head of AXA Assurance for more than ten years, Thierry Kependen, who began…

In the perspective of the presidential elections of 2023 in the Democratic Republic of the Congo, Noël Tshiani Muadiamvita, former presidential candidate of December 2018, set fire to the powders with his bill specifying that “one must be Congolese of father and mother ”To claim the supreme chair and certain functions. A proposition that smacks of ivoirité, that narrow interpretation of nationality that put West Africa’s first economy on fire from 1993 to 2011. “The presidency of the Republic should be reserved for those who are 100% Congolese. Some people love the DRC because of the money they have made…

Thanks to savings made in tax charges, in particular on industrial and commercial profit, the net profit of Sucrivoire SA, which specializes in the manufacture of sugar, jumped 35% in the first quarter of 2021 compared to the same period. of 2020, announced the leaders of this company based in Borotou, a locality located in the north-west of Côte d’Ivoire. According to the activity report prepared by company officials, this result rose from 3.522 billion FCFA as of March 31, 2020 to 4.753 billion FCFA as of March 31, 2021, an increase of 1.230 billion FCFA. Turnover, on the other…

The first pan-African insurer approved for insurance on the Congolese market since 2019, the ACTIVA Group confirms its ambitions for this country by creating a second company, Activa Vie RDC, which has just been approved by ARCA to underwrite risks related to death, savings and capitalization. The company starts with a fully paid-up share capital of $ 9,894,165. The ACTIVA Group thus becomes the first pan-African to offer a one-stop-shop for life and non-life insurance needs, underwritten and managed by insurance professionals recognized across the continent. It relies on a network of subsidiaries operating in 10 countries and insurance partners…

Ainina Diallo, founder of Trading Versity, has found a niche that could be a significant growth breeding ground for West Africa. “The Pan-African Stock Market University” is what Trading Versity might call itself. This is the first West African campus dedicated to finance and trading. This structure trains 834 students per year. Created by the former Bank Of Africa banker, Ainina Diallo, himself mentored by the American stock exchange system, the establishment is based in Senegal. Ainina Diallo: 8 months to create the trading room It is often said that travel shapes the youth. This was the case with Ainina…

••• But the country’s risk profile is still moderate As part of the investment risk assessment, Côte d’Ivoire scores 5.6 in 2021 against 5.7 last year, a drop of 100 basis points. This is what emerges from the report by the agency Bloomfield Investment Corporation on the country risk assessment of the Ivory Coast. Highlight of the 5th edition of the Bloomfield conference on country risk, held on Thursday, June 3 in Abidjan, face-to-face and online, this report provides a complete diagnosis of the risks of the first WAEMU economy in its economic situation and its structure. . For Bloomfield…

The announcement comes after Emmanuel Macron said in an interview with the Journal du Dimanche that the question of a French army withdrawal from Mali arose after the new military coup in Bamako in May. “Pending these guarantees, France (…) has decided to suspend, as a precautionary and temporary measure, joint military operations with the Malian forces as well as national advisory missions for their benefit,” he said. added. “These decisions will be reassessed in the coming days in the light of the answers that will be provided by the Malian authorities”, explains a press release from the French government.…

A certain excitement gripped the passengers on flight AF 865 from N’Djaména, Chad, after arriving at Roissy airport on the afternoon of June 3. As soon as the aircraft landed, the French government’s interministerial crisis unit chaired by the Minister of the Interior, Gérard Darmanin, in the absence of Prime Minister Jean Castex, traveling in Tunisia, launched an investigation at the following a suspicion of the presence of a bomb on board the plane. The investigations, once carried out, made it possible to remove all doubts. This alert, however, comes at a time when the situation in Chad is proving…

From green copper (corn) to rice cultivation, Moïse Katumbi is expanding his agricultural activity. Land is indeed the resource without which there can be no crops, livestock or forestry. Thus, the potential for expanding cultivated areas is one of the main aspects to be considered in planning the development of agriculture in a country. This is what explains the return to the land of Moses Katumbi. Two years after his return from exile, favored by the coming to power of President Felix Tshisekedi, Moïse Katumbi, who has returned to his business in the country, particularly in his stronghold of Lubumbashi,…

Bilateral trade between the Democratic Republic of Congo and China has reached 4.2 billion USD with annual growth of 4.6% between January and April 2021, Chinese Ambassador to the DRC Zhu Jing told reporters. June 2, 2021 at his residence in Kinshasa. Soon to be 50 years old, Sino-Congolese cooperation and friendship are going “wonderfully,” he said. On the bilateral trade front, the Chinese diplomat said that in 2020, the two countries achieved 19 billion USD with a surplus of 5 billion in favor of the DRC. Compared to 2015, Chinese investments have achieved growth for 6 years. Sino-Congolese cooperation…

The Gigalab laboratory, one of the leaders in the distribution of equipment and reagents for medical biology in Morocco, launched on Thursday, June 3, the first production unit of Covid-19 Made in Morocco tests. Created in 2007 by Karim Zaher, an immunologist, a pure product of Moroccan education, Gigalab, in harmony with the orientations of His Majesty King Mohamed VI, aiming to develop innovations and productions allowing Morocco to guarantee its health security, in early 2021, transferred technology to the Korean company PCL Inc., a world leader in the production of tests. Indeed, this technology transfer and the approval of…

Mohamed Ahmed Salem Bouna Moktar, Deputy Director General and member of the board of directors of Banque El Amana (BEA), was elected head of the Federation of Financial Institutions (FIF), one of the eleven federations of the National Union of Mauritanian Employers (UNPM). He succeeds Moulaye Ould Abass, CEO of the Mauritanian Bank of International Trade. The election took place between the second generation of Mauritanian bankers. The winner is in fact the son of Ahmed Salem Bouna Moktar, the businessman who bought the Banque de l’Habitat, a mixed capital institution, then renamed Banque El Amana, of which he now…

After Fez and Rabat, the Banque Populaire is continuing its roadshow “The Regionals of Investment”, with a rich meeting organized in Agadir. This was marked by the signing of 3 partnership agreements aimed at encouraging entrepreneurial initiatives in the Region and support for the productive sectors. In his introductory remarks, President Mohamed Karim Mounir emphasized the potentialities and development projects that abound in the region. He also expressed his confidence in the economic dynamics instilled in the different regions of Morocco: “With what we experience every day on the ground, we are very optimistic about an imminent economic recovery”. Several…

The French multinational of hydrocarbons wants to develop its fuel distribution infrastructure. At the end of an interview this Wednesday, June 2, with the Guinean Prime Minister, Kassory Fofana, the Africa Marketing and Services Director of the Total Group, Stanislas Mittelman announced that his group plans to upgrade the Total service stations and to open new ones to boost its offer. Beyond stimulating investments, the possibility of developing oil exploration and production projects was also discussed. The Guinean Head of Government encouraged Total to develop projects in this direction, which of course would allow Guinea to speed up exploration of…

During the year 2020, extractive activities in the countries of the West African Economic and Monetary Union (UEMOA) have experienced varying degrees of success with good performance in gold, uranium and phosphate production where that of oil appeared to be on the decline, according to data from the Dakar-based Central Bank of West African States (BCEAO). The issuing institute thus indicates, in its 2020 annual report that the quantity of gold extracted in UEMOA in 2020 is estimated at 183,246 kg, up 7.5% compared to 2019 after a marked increase of 10 , 0% in 2019. “This development is the…

2021 marks the fiftieth year of the BGFIBank Group. This rare longevity in the African banking and financial sector is the result of an unwavering commitment to developing the environments in which the Group operates, serving the African continent and its populations. Since 1971, the BGFIBank Group has supported its clients with the same level of requirement and spirit of Excellence. These principles have actively contributed to strengthening the Group, its offers and the confidence placed by its customers, as can be seen from the significant increase in customer deposits and loans: respectively 232 billion CFA francs in 2000 against…

In the policy of setting up French companies in the Ivory Coast, the French State’s Public Investment Bank (Bpi) has set up a new mechanism for connecting African and French entrepreneurs. Called “Inspire & Connect”, this new platform started in Abidjan on June 2, 2021 and subsequently extended to Kenya via Morocco. Concerning the Abidjan stage, nearly 350 economic operators participated in panel sessions and B to B meetings. Objective, to see in which fields of activity they can invest in a kind of winning partnership with the Côte d ‘ Ivory. For the Ivorian Minister of Economy and Finance,…

On an official visit to Ankara since May 29, 2021, the Togolese Minister of Foreign Affairs, Robert Dussey, signed economic, commercial and educational cooperation agreements this Wednesday, June 2 with his Turkish counterpart Mevlüt Cavuşoglu. Also announced to meet President Recep Tayyip Erdogan, the Togolese foreign minister had a tête-à-tête on June 1 with the Turkish Minister of Defense, Hulusi Akar. No information filters on the discussions which furnished the exchanges. He also spoke with this day with Turkish employers whose “decision to invest in Togo” he “congratulated”. As a reminder, Turkish Minister Mevlüt Cavuşoglu was in Lomé in July…

The Ivorian group Weblogy launched on May 28, 2021 in Abidjan, new means of digital payments with its partners Visa, Ecobank and UBA with a view to strengthening financial inclusion which has crossed the 60% mark in Côte d’Ivoire. . These new payment methods, developed by these players, are Apaym Pro which allows transactions by QR Code, in partnership with Ecobank. By scanning the merchant’s QR code with his phone, the customer pays his bill automatically. The other concerns APaym, which allows you to make all types of transactions (withdrawal, reloading) from one Visa bank card to another and the…

The Coordinator of the Support Project for the Development of Micro, Small and Medium Enterprises (PADMPME), Alexis Mangala, and the Deputy Director General of EquityBCDC, Jean-Claude Tshipama, signed on June 1, 2021 in Kinshasa, an agreement which provides for a subsidy to 750 projects of young entrepreneurs from small and medium-sized enterprises (SMEs), winners of the Business Plan Competition (COPA). The agreement aims to materialize the disbursement of funds promised to SMEs benefiting from this financial support after the first edition of the Competition organized by PADMPME through the Deloitte, I&F Entrepreneuriat and Kivu Entrepreneur consortium, in favor of SMEs…

A new deadline has been set by the board of directors for the appointment of a new managing director at the Central African Securities Exchange (BVMAC). The information published on June 1, 2021 by the chairman of the board of directors Henri Claude Oyima indicates that the directors have “decided to extend the mandate of the chief executive officer until December 31, 2021, with a view to the completion of the process in during the recruitment of the new general manager ”. A decision that will consolidate Director General Jean-Claude Ngbwa in his post for the next six months, especially…

The bank of municipalities, commonly known as the Special and Inter-municipal Intervention Fund (FEICOM), closed the past financial year on an upward trend, which allows it to position itself as an essential link in the decentralization process. Despite a difficult economic situation reinforced by the outbreak of the coronavirus pandemic, the data as of December 31, 2020 are positive with an overall turnover of 210 billion FCFA ($ 391 million) against forecasts of 175 billion, or an achievement rate of 120% in relative terms. Revenue increased by 32 billion in absolute value and 18% in relative value, which enabled the…

Originally scheduled for June 21 in Kigali, the Commonwealth summit was postponed to a later date due to the Covid19 pandemic, but the principle of Gabon’s membership in this organization remains more relevant than ever. Alongside Mozambique and Rwanda, the symbolic country of Françafrique for decades will be the third non-French speaking member to sit in the organization created in 1949. The file was finalized in mid-May, during a stay of the Gabonese President in London, where he met with the Secretary General, Baroness Patricia Scotland. This initiative represents a real revolution. Gabon is one of the first French-speaking states…

British oil and gas group British Petroleum (BP) is in talks with Eni to sell its assets in Algeria, sources familiar with the matter reported on Wednesday (June 2nd). According to Reuters, the British major simply intends to get rid of its Algerian assets, but does not rule out participating in other assets of the Italian group in other countries. This decision is part of the reduction of the oil and gas portfolios of the main European energy companies. They want to keep only those assets that are most likely to be profitable and redeploy capital for a clean energy…

Societe Generale Côte d’Ivoire (SGCI), a subsidiary of the French banking group of the same name, will pay its shareholders on June 30, 2021, for the 2020 financial year, an overall net dividend of 11.458 billion FCFA (17.187 million d ‘euros), announced the leaders of this banking establishment based in Abidjan. This corresponds to a net dividend per share of 368.298 FCFA against 273 FCFA in 2019, i.e. an increase of 95.298 FCFA. The dividend that will be paid at the end of June represents 73.65% of the par value of the share which is 500 FCFA against 54.6% at…

The employees of Bolloré Transport & Logistics Cameroon, with the support of their general management, offered on Friday May 28, 2021 tables benches, teaching material and also rehabilitated the ceilings of the classrooms of the public school of Koussam, locality located near Foumban in the West region. The renovation work carried out will allow students to follow their schooling in a secure and comfortable environment. “The Koussam public school, established in the 1960s, was in a dilapidated state when the renovation project began. Thanks to this donation, we will be able to provide students with appropriate school support as well…