Finance

Palace Intrigues
Faustin-Archange Touadéra, Patrice Talon, Othman Benjelloun

Intrigues big and small – every Thursday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

CARTouadéra and presidential party contribute to adviser's funeral

BeninTalon to receive French ambassador's credentials

MoroccoBank of Africa boss Othman Benjelloun as sought-after as ever

Senegal
Société Générale Sénégal: potential buyers prepare to pounce

After having indicated that they wanted to take control of the Senegalese subsidiary of France's Société Générale banking group, the Senegalese authorities could now backtrack. This opens the door to the possibility of a private sector buyer.

Cameroon
The millions lost by Société Générale's mobile payment service Yup Cameroun

Yup Cameroun, Société Générale Cameroun's mobile payment service, has cost its shareholders millions of dollars.

Tunisia
US banks eye Tunisian market

Jean-Michel Saliba, Middle East-North Africa director at Bank of America's investment division, BofA Securities (formerly Bank of America Merrill Lynch), led a delegation of US financiers this month to Tunis.

Ivory Coast
French ex-minister's venture capital fund for Africa seeks investors

Launched last March by the French firm Ring Capital, the venture capital fund Ring Africa, dedicated to startups in French-speaking Africa, hosted a closed-door presentation in its Paris office in early October with about 20 potential investors in attendan

Niger, Nigeria
Abuja cosies up to Niamey to fight illicit financial flows

Nigeria, which hopes to be removed from the FATF's 'grey list' next year, is keen to revive cooperation with other states in the Chad basin to fight against financial crime and the terrorist groups.

Cameroon
More than one buyer keen on Commercial Bank Cameroon

There has been strong interests in recent weeks for the portion of shares the Cameronian state is selling in Commercial Bank Cameroon.

Cameroon
BGFI and Zenith Bank both in running to buy Société Générale's local subsidiary

Banque Gabonaise et Française Internationale and Nigeria's Zenith Bank have both expressed an interest in acquiring Société Générale's Cameroon subsidiary.

Senegal
Bassirou Diomaye Faye lobbies for Amadou Hott to take over as AfDB President

Senegal's president, Bassirou Diomaye Faye, recently approached the Heads of State of the African Development Bank's shareholder countries to declare his official support for Amadou Hott's candidacy to head the institution.

Central African Republic
Emirati oil company Tristar gets green light to supply commercial airlines

The MINUSCA supplier can now sell Jet A-1 fuel at Bangui airport.

DRC
Gécamines racks up hefty mission expenses bills

The DR Congo state-owned mining company has since April 2023 been using the services of a travel agency called Malabar Business Travel, which has billed it for several million dollars.

The New Guard
Africa, Morocco, Kenya

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

AfricaQatar's new head of African affairs make a splash

MoroccoNizar Abdallaoui Maane, from second-hand cars to Mohammed VI Fund

KenyaDebra Aroko, an award-winning documentary maker

Morocco
Bank al-Maghrib turns to Crane Currency again in fight against counterfeit money

Crane Currency, entreprise nord-américaine spécialisée dans la conception et la sécurisation des billets de banque, a été à la manœuvre du récent renouvellement des coupures de dirhams par la banque centrale marocaine.