Author: Ndeye Magatte Kebe

The Habitat Bank of Côte d’Ivoire has just changed its name, and now becomes Bank-Habitat-Africa. With the slogan “bank look bank that has the trust of the demanding client”, the institution intends to expand its activities in several countries of the sub-region. It should be recalled that the Ivorian State has sold all its shares (51.6%) and dismemberments in the capital of the BHCI BHCI Search in August 2017 to a Canadian company specializing in the financing of real estate . This operation will recapitalize the bank, make it more compliant with UEMOA banking regulations and allow it to more…

Orange DRC has just won the 4G license on Thursday, May 10, 2018, and thus becomes the first operator to offer this technology in the country. Orange’s 4G will support the rise of companies’ needs for mobility and higher quality offers. Professionals, in the office, at home or on the go, will be able to send emails with voluminous attachments, organize videoconferences with partners abroad. “With 4G Orange, subscribers will experience a revolution in their Internet use. It responds to the ever-growing needs of our subscribers and the population in multimedia content, high-definition streaming, video on demand, social networks, “said…

OCP Group and Abu Dhabi National Oil Company have entered into an alliance to create a world-class fertilizer company to accelerate the execution of their respective growth strategies. The deal was announced on the sidelines of ADNOC’s Downstream Investment Forum, held in Abu Dhabi on May 13 and 14, 2018. Indeed, the project reinforces the partnership, announced in December 2017, for the conclusion of a major long-term sulfur supply agreement. Thus “OCP and ADNOC will ensure the development of skills and the training of human resources necessary for the success of their partnership”. The future global fertilizer company will benefit…

The National Telecommunications Office (ONATEL-SA), a subsidiary of the Maroc Telecom group, and United Bank for Africa (UBA) have just signed an agreement to promote their mobile banking activities. Since June 2016, UBA-Burkina has been ONATEL-SA’s partner bank for the issuance of electronic money in order to offer mobile payment services to Burkina Faso to improve financial inclusion. Through this partnership, UBA will issue e-money and ONATEL will provide technical processing and distribution via its Mobicash platform. Mobicash, the electronic wallet of ONATEL, offers various services, including the deposit of money, the withdrawal, the transfer nationally to any mobile number…

The Moroccan cement group Ciment de l’Afrique (Cimaf) will soon start building a cement plant with a capacity of 300,000 tons per year in Bouake, a metropolis in north-central Côte d’Ivoire. The announcement was made Friday in Abidjan by the Regional Director General, Khalid Iben Khayat, on the sidelines of the 1st edition of the Night of the Moroccan company in Côte d’Ivoire. “The Bouaké plant has a capacity of 300,000 tons. We have acquired the land and are preparing the permits to start construction, “said Khalid Iben Khayat in a speech. In November 2011, the Cimaf Group laid the…

On Tuesday, May 15, 2018, Faure Gnassingbé, President of the Republic of Togo, launched an innovative mobile banking solution called “ECO CCP”. Produced by the Société des Postes du Togo (SPT) in partnership with the mobile phone companies Moov and Togocel, the ECO CCP is a bank account accessible everywhere in Togo via mobile. The goal is twofold: to accelerate financial inclusion by facilitating access to digital finance and capturing hoarded and non-productive savings, especially in rural areas. ECO CCP is a transactional savings account backed by mobile money services Flooz and Tmoney. It does not require any opening fees…

The Inter-African Coffee Organization (IACO) has recently announced the establishment of a fund dedicated to the revival of coffee production on the continent. Called “African Coffee Facility” and endowed with an envelope of 150 millions of dollars (about 75 billion FCFA), the fund will be supported by the African Development Bank. According to the secretary general of the OPCW, Frederic Kawuma, “the said fund should act as a catalyst, a dynamic for the revival of the African coffee sector and begin the process of recovery with the training of producers and cooperative groups” . For the OPCW, African coffee production…

President Nana Akufo-Addo, speaking in Accra on Thursday, has once again indicated his intention to turn his back on aid from the International Monetary Fund (IMF) after the current three-year economic and financial program supported by the Extended Credit Facility (ECF). “We are determined to put in place measures to ensure irreversibility and maintain macroeconomic stability, so that we have no reason to seek the assistance of this powerful world organization again,” he said. the deputies of the country. According to Nana Akufo-Addo, the relatively good macroeconomic performance recorded by Ghana in 2017 should “strongly support the success of this…

Zimbabwe and Afreximbank are negotiating around a $ 1,5 billion guarantee line that will be designed to protect the funds of foreign investors. According to the Zimbabwean Central Bank, “this line is intended to reassure potential investors wishing to prospect in Zimbabwe and is part of the policy promoted by President Emmerson Mnangagwa who came to power last November.” Indeed the new strongman of the country tries to reassure and seduce the foreign investors. The head of state has already said according to the central bank managed to land a facility 400 million to ensure the payment of critical imports…

Fitch Ratings has just confirmed the national rating “Excellent (mar)” of BMCE Capital Gestion (BKG). For the rating agency, the outlook is stable. It reflects the discipline of investment processes and risk monitoring, which underlie a strong and consistent long-term performance. The rating also relies on the company’s management resources, including stable, quality teams and a world-class technology platform. The good positioning and growth of BKG on the Moroccan market as well as the resources made available by BMCE Bank (‘BB +’ / Stable), its parent company are also taken into account in the note. It should be mentioned that…

The Gambia has just rejoined the Commonwealth, almost five years after its withdrawal under former president Yahya Jammeh. It should be recalled that the former president described this organization as a “neocolonial institution”. The Commonwealth often denounced the human rights violations in The Gambia, which he directed with an iron fist for 22 years. The return of the country to the Commonwealth will be formalized this Thursday 08 February 2018, in London, the headquarters of the organization consists of fifty states, most of which are former colonies of Britain. Adama Barrow, who runs The Gambia since January 2017, has requested…

SONIBANK, a subsidiary of the Tunisian Bank Corporation (STB), takes 23% of the market and is thus ahead of several European banks present in Niger. In fact, the financial institution established in this West African country to which STB contributed to its creation by holding 25% of its capital, has generated good sales during the last few years. years. The bank has managed to appropriate the 23% of the financial market, which has allowed it to emerge from the lot to outperform several European banks instead. STB Director General Samir Said shared the information during the FITTA 2018 Investment and…

George Michos has been appointed to LafargeHolcim Morocco as director. The decision was taken at the board of directors of the said structure held on Tuesday 06 February under the chairmanship of Tarafa Marouane. George Michos is also appointed Chief Executive Officer of the company as of 6 February 2018 replacing Marcel Cobuz who is now in charge of the Europe region in the Executive Committee of the LafargeHolcim Group.

The Islamic Development Bank (IDB) has just launched a platform dedicated to science, technology and innovation (STI). Called “Engage”, the platform aims to link innovations to market opportunities and financing. It provides an ideal setting for interaction and online relationship building with an extensive network of stakeholders from around the world, such as NGOs, government decision-makers, researchers, scientists and the private sector. present original ideas. According to Hayat Sindi, advisor to the president of the IDB, “Engage” offers three main services, namely linking, transfer and the call for innovative projects “. In addition, to ensure that innovators, startups and companies…

The International Islamic Trade Finance Corporation (ITFC), a specialized arm of the Islamic Development Bank (IDB) Group, has granted a loan of 44,6 billion CFA francs for oil imports. According to the statement in the Official Journal (OJ), the IDB Group and Cameroon have agreed to a so-called “Murabaha” loan agreement for the financing of crude oil imports from the National Refinery Company ( SONARA). A decision to allow Cameroon to avoid a shortage of petroleum products, not only because SONARA, the only refinery in the country comes out of a period of technical shutdown, but also because locally produced…

Total has signed an agreement to transfer to Qatar Petroleum an 25% stake in the 11B / 12B exploration license off the coast of South Africa. The transaction remains subject to approval by the authorities. The transaction strengthens the partnership on block 11B / 12B in anticipation of the drilling of a high-potential exploration well planned for the end of 2018. Block 11B / 12B is located in the Outeniqua Basin, approximately 175 kilometers off the south coast of South Africa, and extends over an area of ​​19 000 square kilometers by 200 water depths at 1 800 meters. After…

The Islamic Development Bank (IDB) will sell its entire stake in Zitouna Bank to an investor. According to our sources, the international Islamic institution would have chosen to sell it except surprise to the Triki group The information comes as Al Karama Holding is preparing to launch an international tender for the transfer of direct and indirect public holdings in Zitouna Bank, and against all odds, the IDB has decided to totally disengage from the said bank of which it holds 20% of the capital. The fault to a new point of disagreement with the state, related to the contents…

The first textile processing plant will soon see the light of day in Burkina Faso. With a cost of 220 billion F CFA, the project is led by a Turkish group called Ayka Addis Textile & Investment. The promoter will receive financial support from several partners such as Afreximbank (the African Export-Import Bank), the African Development Bank (AfDB), ECOBANK and CORIS BANK. The construction of the plant is set in six months and will eventually generate 12 000 direct jobs and 50 000 indirect jobs. According to Yusuf AYDENIZ, head of the Turkish group, this project meets the need for…

The BGFIBank Group Gabon has just launched a new offer called “Trade Finance” with the ambition to be the preferred partner of companies, both large and small and medium-sized enterprises (SMEs) The new product aims to offer this clientele a tailor-made offer with all the security keys to manage the risks related to the development of their domestic and international activities. Thus, Trade Finance offers companies advantages related to the optimization of cash flows, an adaptation to regulatory constraints, and above all the guarantee of cross-border exchanges through secure means of payment guarantee of security against credit risks. or counterpart.…

The International Union of Banks (UIB) has just been awarded as “Best International Trade Finance Bank” in Tunisia in 2018 by the world-renowned “Global Finance” magazine. This distinction is based on the following criteria: volume of transactions, overall scope covered, customer service, competitive pricing and innovative technologies. In fact, in a complex and constantly evolving environment for international trade, this prize rewards the expertise developed by the UIB in terms of advice, financing and transaction management to support international importing and exporting companies. . In addition to the recognized know-how of its specialized teams, the UIB benefits from the expertise…

The President of the Republic, Jose Mario Vaz Tuesday named 30 January August Antonio Artur Silva as new Prime Minister by presidential decree. The head of state said in the decree that the appointment of Mr. Silva will end the political crisis that has raged in the country for more than two years. According to the document, the appointment of Mr. Silva results from a hearing made to political parties. Augusto Antonio Artur Silva is a senior leader of the African Independence Party of Guinea and Cape Verde (PAIGC). Silva has held several ministerial positions, including the Minister of Foreign…

Two hundred and sixty young Ivorians project developers will benefit from support from the foundation of Citigroup, a US banking group, with a view to sustainable integration. The project called “Citi payed Ivory Coast” is led by the American NGO Techno Serve, responsible for training these youth employability and entrepreneurship. It accepted 140 young men and young women entrepreneurs and 120 job seekers. For the director of Citibank Ivory Coast and Regional Director of West and Central Africa, Khady Ndiaye Toure, “the project has, in total, received 1,878 applications, of which 1,229 from job seekers and 649 entrepreneurs. ” According…

Kenyan opponent Raila Odinga was sworn in on Tuesday as “president of the people”, despite his electoral defeat in 2017. The opponent “took office” in front of thousands of supporters gathered in central Nairobi for a ceremony whose broadcast by the media was banned. “I, Raila Amolo Odinga (…), I take the office of President of the People of the Republic of Kenya, said the opponent after taking an oath, bible in hand. We kept our promise to Kenyans. However, Attorney General Githu Muigai warned last month that any “investiture” would amount to an act of “treason”, raising the possibility…

The Ivorian state plans to open 30 rice factories by June 2018 throughout the country to bring more local production. The revelation was made Monday, January 29 in Abidjan, by the director general of the National Office for Rice Development (ONDR) Yacouba Dembélé. According to the DG, who was speaking on the sidelines of an Africa Rice Center-initiated workshop, 30’s 25 000 plants each are currently under construction and will be operational by June 2018. To believe Yacouba Dembélé, the development of the rice sector in Côte d’Ivoire is hampered by the transformation and financial support. Moreover, Mr Dembélé said…

Paul Kagame, the new incumbent president of the African Union, convened an extraordinary meeting of the heads of state and government of the continent, in Kigali, 21 March 2018. A meeting that aims to formally launch the Continental Free Trade Area (CFTA). According to Muhammadu Buhari, President of Nigeria, “the launch of this zone demonstrates the willingness of African countries to move towards successful integration and to pool efforts for the successful completion of community projects”. The weakness of the continent’s infrastructure network is one of the major obstacles to the development of intra-African trade, investment and private sector development.…

The Gabonese government has just withdrawn the approval of two financial institutions namely. These institutions were closed following numerous difficulties noted by the country’s financial authorities in the operation of decentralized financial services (DFS). According to the Ministry of Economy, which gives the information, the two institutions are hit hard by the economic crisis that is shaking the country and could not withstand the effects of adverse economic conditions. A situation characterized by a decline in the results of the sector, during the first nine months of the 2017 exercise, with a stock of deposits that amounts to 34,6 billion…

DR Congo’s national airline, Congo Airways, has just acquired a fourth Airbus A 320, bringing to six the total number of aircraft of this company which also has two Canadian-made Bombardier Q400. Congo Airways, which began commercial flights on the October 20 2015, had previously owned two A320 and two Bombardier Q400 aircraft for essentially domestic flights. This company, which aims to make regional flights to Eastern, Western and Southern Africa, has just taken two A320 leases with an option to purchase. Recall that, the director general Désiré Balazire had announced, on Monday 15 January during a press conference in…

JP Morgan Chase & Co, the largest US bank plans to start operations soon in Kenya. In fact, Jamie Dimon, the bank’s Chief Executive Officer, announced at the World Economic Forum in Davos that his bank intends to expand its operations in this country of East Africa. For example, the Central Bank of Kenya (CBK), via a statement in Nairobi, welcomed the interest shown by the American institution. She added that the arrival of JP Morgan Chase will make Kenya the first regional financial center. According to the CBK, the interest of the US bank should revive and re-evaluate a…

Donald Trump prayed, on Friday 26 January 2018, in Davos the Rwandan leader Paul Kagame, president of the African Union, to convey “his warm feelings” to the continent’s heads of state, who had recently insurgent themselves against statements ” offensive “attributed to the US President. Indeed, the African Union, which meets in summit 28 and 29 January in Addis Ababa, condemned in mid-January the remarks “offensive” of Donald Trump against several African nations qualified as “shitty country” in comments reported by the media. “I know that you are meeting soon, and I ask you to convey my warm feelings” to…

The Development Bank of Central African States (BDEAC) approved, 24 January 2018, during its regular board of directors in Brazzaville, the disbursement of 33 billion FCFA for projects under the strategic program 2017 -2022. Much of this funding is for the construction of a hydrocarbon storage facility in Libreville, Gabon, managed by Gabon Global Logisitcs (GGL) at a cost of 20 billion CFA francs. The bank is expected to release CFAF 5 billion for the rehabilitation and widening of the national road PK5-PK12, still in Libreville. The BDEAC will also finance other job-creating projects in Central Africa, namely the construction…