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Finance

Somalia
IMF set to give Mogadishu clean slate

Though a few criteria have not yet been met, the International Monetary Fund is expected to approve full relief of Somalia's debt next week.

Free access Finance, Diplomacy 08.12.2023

Angola
Israel Discount Bank opens line of credit for Mitrelli project

The bank is to finance its first public infrastructure project in Angola, spearheaded by the Israeli conglomerate Mitrelli.

Subscribers only Defence, Infrastructure, Finance 07.12.2023

Nigeria
Finance minister Wale Edun's blurred budget

Wale Edun during Global African Business Initiative's 2023 Unstoppable Africa Conference, held at the Westin Grand Central in New York City, September 21 and 22, 2023. © Jennifer Graylock / Alamy Live News

Subscribers only Finance, Politics 05.12.2023

Nigeria
Voice of Nigeria woos Nigerian billionaires

The new director of Nigeria's radio station Voice of Nigeria Jibrin Baba Ndace is trying to get closer to the country's big money.

Subscribers only Finance, Business 28.11.2023

Morocco
Green of Africa seeks funding for Dakhla wind farm

The renewable energy company owned by Aziz Akhannouch and Othman Benjelloun is set to court the banks as it looks to finance its Western Sahara project.

Subscribers only Finance, Energy 24.11.2023

Morocco
Mohamed Benchaâboun walks a tightrope as head of royal fund

The Chairman of FM6I, Mohamed Benchaâboun, at the Africa Investment Forum in Marrakesh (8-10 November). © Story & Brands

Subscribers only Finance, Politics 22.11.2023

Ivory Coast
Orabank deal stalls over contested sale price

Vista reached an agreement in August with Emerging Capital Partners to acquire the pan-African banking group Orabank, of which ECP is the main shareholder. But a disagreement over sale price means the deal is yet to be finalised.

Subscribers only Finance 20.11.2023

Equatorial Guinea
State creditor loses bid to seize proceeds of Parisian townhouse sale

Commercial Bank Guinea Ecuatorial had hoped to recover a 16-year-old debt upon the court-ordered sale of a building housing Equatorial Guinea's embassy in the French capital. But judges have other plans for the money.

Subscribers only Finance 17.11.2023

Ivory Coast
Standard Chartered facilitates €533m loan for Abidjan

The financially challenged Ivory Coast is to receive a Standard Chartered Bank-facilitated €533m loan in late November.

Subscribers only Finance, Politics 17.11.2023

Mozambique
Manuel Chang's US lawyer to be grilled over potential conflict of interest

US authorities want to know why a mysterious third party is paying the legal bills of the former Mozambican finance minister, who is on trial in New York in the so-called "hidden debts" scandal. They suspect a conflict of interest.

Subscribers only Finance 15.11.2023

Former Mozambican Finance Minister Manuel Chang in Washington, 21 April 2012.

Nigeria
Tinubu knocks on AfDB door in search of foreign currency

The Nigerian president, faced with the continuing devaluation of his country's currency, is forced to borrow from both public and private lenders. After the World Bank, he is now turning to the African Development Bank.

Subscribers only Finance 13.11.2023

Nigeria’s president Bola Ahmed Tinubu in Abuja on 29 October 2023.

Inner circles | Ethiopia
Abiy's well-travelled team of financiers prepares for stock exchange launch

To attract investor support for the new Ethiopian Securities Exchange, which he sees as a key reform measure, the Ethiopian prime minister has brought in professionals from the Ethiopian diaspora, who have been trained by the leading international finance groups.

Subscribers only Finance 10.11.2023

DRC
Government at odds over repaying its oil debts

Several senior figures in the DRC administration are against proposed arrangements for reimbursing $438m that was used to subsidise petrol prices in 2022. But failure to find a rapid solution could result in fuel shortages and unwanted political consequences.

Subscribers only Finance, Energy, Politics 09.11.2023

Southern Africa
Claudia da Conceicao, the woman behind IFC's Southern Africa goals

The International Finance Corporation, the World Bank's private sector arm, wants to build its presence in Southern Africa to counter Chinese influence and win new projects in the region. To that end, it has called on banking sector veteran, Claudia da Conceicao.

Free access Finance 07.11.2023

Africa
MPs network steps up fight against illegal financial flows

The African Parliamentary Network on Illicit Financial Flows and Taxation, originally set up as a project by Tax Justice Network Africa, now has 813 members in 46 African countries.

Subscribers only Finance, Politics, Diplomacy 02.11.2023

The New Guard
Ivory Coast, Mauritania, Burundi

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

Ivory CoastAmadou Martial Diallo, the youth card for billboard giant JCDecaux

MauritaniaSidi Mohamed Dhaker, already a central bank heavyweight

BurundiFabrice Kaburugutu, Burundi's representative on the global stage

Subscribers only Finance, Business 01.11.2023

Egypt
Sisi turns to Gulf to ease external debt burden

The Egyptian president is negotiating to secure large foreign currency deposits from several Gulf states. Egypt's debt puts it on the back foot in its tug-of-war with the United States and Israel over the acceptance of Palestinian refugees from Gaza into Sinai.

Subscribers only Finance, Politics 01.11.2023

Egyptian President Abdel Fattah al-Sisi held a press conference after a meeting with French President Emmanuel Macron in Cairo, Egypt, 25 October 2023.

The weekly summary

Finance

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Africa
Massad Boulos, a free agent of Donald Trump's African diplomacy under close watch

DRC
The Tshisekedi clan's dangerous ties with cobalt looting "cartels"

Finance

Somalia
IMF set to give Mogadishu clean slate

Angola
Israel Discount Bank opens line of credit for Mitrelli project

Nigeria
Finance minister Wale Edun's blurred budget

Nigeria
Voice of Nigeria woos Nigerian billionaires

Morocco
Green of Africa seeks funding for Dakhla wind farm

Morocco
Mohamed Benchaâboun walks a tightrope as head of royal fund

Ivory Coast
Orabank deal stalls over contested sale price

Equatorial Guinea
State creditor loses bid to seize proceeds of Parisian townhouse sale

Ivory Coast
Standard Chartered facilitates €533m loan for Abidjan

Mozambique
Manuel Chang's US lawyer to be grilled over potential conflict of interest

Nigeria
Tinubu knocks on AfDB door in search of foreign currency

Inner circles | Ethiopia
Abiy's well-travelled team of financiers prepares for stock exchange launch

DRC
Government at odds over repaying its oil debts

Southern Africa
Claudia da Conceicao, the woman behind IFC's Southern Africa goals

Africa
MPs network steps up fight against illegal financial flows

The New Guard
Ivory Coast, Mauritania, Burundi

Ivory CoastAmadou Martial Diallo, the youth card for billboard giant JCDecaux

MauritaniaSidi Mohamed Dhaker, already a central bank heavyweight

BurundiFabrice Kaburugutu, Burundi's representative on the global stage

Egypt
Sisi turns to Gulf to ease external debt burden

Kenya
Family Bank finalises regional expansion plan

Somalia, Uganda
Landmark bank licence bolsters Museveni's regional power play

Tunisia
Lenders seek guarantees from Kais Saied

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Africa Massad Boulos, a free agent of Donald Trump's African diplomacy under close watch

DRC The Tshisekedi clan's dangerous ties with cobalt looting "cartels"

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Cabo Delgado: a gas Eldorado and security nightmare

The Renaissance Dam – a national symbol but a regional quandary

Andry Rajoelina

African Development Bank

Paul Biya

Erik Prince

AFRICOM

Finance

Somalia IMF set to give Mogadishu clean slate

Angola Israel Discount Bank opens line of credit for Mitrelli project

Nigeria Finance minister Wale Edun's blurred budget

Nigeria Voice of Nigeria woos Nigerian billionaires

Morocco Green of Africa seeks funding for Dakhla wind farm

Morocco Mohamed Benchaâboun walks a tightrope as head of royal fund

Ivory Coast Orabank deal stalls over contested sale price

Equatorial Guinea State creditor loses bid to seize proceeds of Parisian townhouse sale

Ivory Coast Standard Chartered facilitates €533m loan for Abidjan

Mozambique Manuel Chang's US lawyer to be grilled over potential conflict of interest

Nigeria Tinubu knocks on AfDB door in search of foreign currency

Inner circles | Ethiopia Abiy's well-travelled team of financiers prepares for stock exchange launch

DRC Government at odds over repaying its oil debts

Southern Africa Claudia da Conceicao, the woman behind IFC's Southern Africa goals

Africa MPs network steps up fight against illegal financial flows

The New Guard Ivory Coast, Mauritania, Burundi

Ivory CoastAmadou Martial Diallo, the youth card for billboard giant JCDecaux

MauritaniaSidi Mohamed Dhaker, already a central bank heavyweight

BurundiFabrice Kaburugutu, Burundi's representative on the global stage

Egypt Sisi turns to Gulf to ease external debt burden

Kenya Family Bank finalises regional expansion plan

Somalia, Uganda Landmark bank licence bolsters Museveni's regional power play

Tunisia Lenders seek guarantees from Kais Saied

The weekly summary

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Africa
Massad Boulos, a free agent of Donald Trump's African diplomacy under close watch

DRC
The Tshisekedi clan's dangerous ties with cobalt looting "cartels"

Somalia
IMF set to give Mogadishu clean slate

Angola
Israel Discount Bank opens line of credit for Mitrelli project

Nigeria
Finance minister Wale Edun's blurred budget

Nigeria
Voice of Nigeria woos Nigerian billionaires

Morocco
Green of Africa seeks funding for Dakhla wind farm

Morocco
Mohamed Benchaâboun walks a tightrope as head of royal fund

Ivory Coast
Orabank deal stalls over contested sale price

Equatorial Guinea
State creditor loses bid to seize proceeds of Parisian townhouse sale

Ivory Coast
Standard Chartered facilitates €533m loan for Abidjan

Mozambique
Manuel Chang's US lawyer to be grilled over potential conflict of interest

Nigeria
Tinubu knocks on AfDB door in search of foreign currency

Inner circles | Ethiopia
Abiy's well-travelled team of financiers prepares for stock exchange launch

DRC
Government at odds over repaying its oil debts

Southern Africa
Claudia da Conceicao, the woman behind IFC's Southern Africa goals

Africa
MPs network steps up fight against illegal financial flows

The New Guard
Ivory Coast, Mauritania, Burundi

Egypt
Sisi turns to Gulf to ease external debt burden

Kenya
Family Bank finalises regional expansion plan

Somalia, Uganda
Landmark bank licence bolsters Museveni's regional power play

Tunisia
Lenders seek guarantees from Kais Saied