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Publication

Year

Month

Edition

Central Africa
West Africa
Eastern Africa and the Horn
Southern Africa and islands
North Africa

In Focus | Morocco
Mohammed VI to recapitalise his Al Mada holding company with funds from farmers' mutual insurance group

King Mohammed VI of Morocco. © Niviere David/ABACAPRESS.COM/Reuters

Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past.

Subscribers only Business

Central Africa

DRC
Glencore CEO Ivan Glasenberg joins the accused in class action against Katanga Mining

Katanga Mining shareholders have extended their class action against the company to members of the management team at its parent company, Glencore. Until now, it had only been suing the former CEO and finance officers at Katanga Mining itself.

Subscribers only Mining

DRC
BHP Billiton mulls return to Inga III

Australian mining giant BHP Billiton, which pulled out of the Inga III dam project in 2012, might be making a comeback.

Subscribers only Infrastructure, Mining, Business

West Africa

Inner circles | Nigeria
Dantata, Dangote, Indimi: the oligarchs behind billionaire Umaru Mutallab's Jaiz Islamic bank

Umaru Mutallab in 2013 with then Nigeria's President Goodluck Jonathan. © Reuters

The octogenarian banker and former minister Umaru Mutallab has moved into the Islamic finance sector along with senior community figures and magnates from the north of the country such as Aminu Dantata, Aliko Dangote and Muhammed Indimi.

Subscribers only Finance, Business

Senegal
Czech Aero Vodochody/Omnipol light combat jets delayed until 2022

An L-39 NG light combat and training aircraft. © Aero Vodochody

Aircraft manufacturer Aero Vodochody and its strategic partner Omnipol will be two years late delivering four trainer and light combat L-39 NGs to the Senegalese Air Force. The close collaboration between the two Czech defence companies could lead Omnipol to buy Aero Vodochody, which is having financial problems.

Subscribers only Defence, Business

Nigeria
Madueke clan's super-yacht escapes Enron-offshoot's grasp

A Texan court has rejected a bid by the Cayman Island-domiciled Enron subsidiary to get it hands on $22m from the judicial sale of the the Galactica Star. After long being at odds over the saga, Washington and Abuja have reached an accommodation.

Subscribers only Energy

Ivory Coast, West Africa
Lebanese giant Arabian Construction Co takes first steps in Africa

For a long time a key presence in the United Arab Emirates and then in Saudi Arabia, the Arabian Construction Co conglomerate is seeking to break into the African market.

Subscribers only Business

Eastern Africa and the Horn

Djibouti
Guelleh gives Captain Abar oversight of Emirates Oil

President Ismail Omar Guelleh has asked one of his officials to keep a close eye on Emirates National Oil Co, which Djibouti suspects is playing a double game over the port.

Subscribers only Business

Southern Africa and islands

Mozambique
Total brings in former military man to head LNG plant 'security unit'

Total is deeply concerned about the problems posed by the increasing number of terrorist actions in the province of Cabo Delgado. The French major has called in a former military officer to take charge of security at its sites there.

Subscribers only Energy

North Africa

Algeria
ASL Airlines uses post-Covid-19 repatriations to gain edge over Air France and Air Algérie

France's ASL Airlines and its Algiers representative Réda Benyounès want to build business by helping travellers stranded in Algeria since the start of the pandemic return to France.

Subscribers only Business

Tunisia
Poulina Group and Carthage Grains keen to unblock Radès terminal project

Port of Rades. © Zoubeir Souissi/Reuters

The two major soybean and maize importers would like to build a grain terminal at Radès to ease congestion there, but port authorities at the country's logistical and economic hub might throw a spanner in the works.

Subscribers only Business

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