Finance

The New Guard
Nigeria, Rwanda, Morocco

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

NigeriaFolawiyo Olajoku's rapid rise through homeland security

RwandaJuliana Kangeli Muganza steps into senior development role

MoroccoZineb Khayatei champions venture capital start-ups

The New Guard
Botswana, Somalia, Benin

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

BotswanaFund manager Bame Pule, a discreet adviser to president Masisi

SomaliaBarkhad Kaariye, speaking on behalf of Somaliland

BeninLéonce Hamza Houngbadji, founder of Africa Solutions Week

West Africa
Two Vista Bank mainstays exit group

The pan-African banking group has just lost two of its mainstays: Stéphane Ouédraogo and Thierry Hott. Ouédraogo and Hott are both well-connected in the sub-region, and had shared their contacts with Vista Bank.

Ethiopia
At the heart of IMF programme, Commercial Bank of Ethiopia under pressure

Ethiopia's largest bank is to receive almost $700m for a recapitalisation operation that comes with a complete overhaul of its risk management system. The introduction of environmental, social and governance standards into the country's banking sector as a whole is still in its infancy.

Algeria, Mauritania
Algerian Union Bank's rocky start in Nouakchott

The Algerian Union Bank's Mauritanian branch is struggling to achieve its targets a year after its arrival. Despite President Abdelmadjid Tebboune's support, business with Algerian firms wanting to move into the country has been slow.

Libya
UN Libya envoy looks to High State Council to resolve central bank crisis

The head of the UN support mission in Libya, Stephanie Koury, is trying to agree a new central bank governor but must obtain the agreement of the High State Council's president, itself a deadlocked position following a disputed 6 August election.

Morocco
One year after earthquakes, Rabat maintains firm control over Al Haouz reconstruction

Morocco prefers to use the special fund created in the immediate aftermath of the natural disaster and budget reallocations to rebuild damaged areas. It is limiting its reliance on international aid to local grassroots initiatives and NGOs.

West Africa
BCEAO sets sights on Orabank managers

The banking commission of the Central Bank of West African States is considering sanctions against several of the group's senior executives for 'regulatory breaches'.

DRC
Kinshasa turns to private banks to repay oil companies

Banks are reactivating a financial package tested in 2023 and which helped avoid a fuel crisis so the Congolese government can repay $385m in subsidy arrears to oil operators.

Spotlight | DRC
The story behind the attempt to unsettle Inspectorate General of Finances boss Jules Alingete

At odds with key figures from Félix Tshisekedi's first term, the head of the IGF has for several weeks been the target of a smear campaign designed to substantiate allegations of his having acted in league with the interests of the Rawji Group.