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Nigeria
Nestoil faces legal challenge from the NNPC

Pushed to the brink by debt, the junior oil company owned by Ernest Azudialu-Obiejesi and Nnenna Obiejesi has been ordered to pay compensation to the NNPC for an unfinished pipeline project. Although it has managed to have the fine reduced, the state-owned oil company has already launched a counter-attack.

The New Guard
Ivory Coast, Nigeria, Rwanda

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

Ivory CoastLassina Diarra, leading light among West African security experts

NigeriaNdah Adaba, key oil adviser for the Minister of State for Petroleum

RwandaCrystal Rugege, spearheading artificial intelligence

Cameroon
Commercial Bank of Cameroon's sale hostage to differences within government

In spite of two competing offers, the purchase of the state's shares in CBC is on hold at the presidency. The decision is being held back by political divisions on the issue.

Palace Intrigues
Ousmane Sonko, Tony Elumelu, Alassane Ouattara

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

SenegalSonko's wife Anna Diamanka pays incognito visit to Paris

NigeriaUBA boss Tony Elumelu's evening at Palais Garnier cancelled

Ivory CoastAlassane Ouattara's private trip to France

Nigeria
Nigerian billionaires prepare for Paris meeting with French President

The France-Nigeria Business Council met on 15 October at the French embassy in Abuja and is now preparing its next trip to Paris, which will take place in parallel with President Bola Ahmed Tinubu’s official visit to Paris before the end of November.

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.

Nigeria
Macron invites four Nigerian billionaires to Choose France summit

President Emmanuel Macron has invited four Nigerian billionaires to next week’s annual Choose France summit aimed at boosting international investment in the country.

Angola
Lourenço relaunches privatisation of Angola's leading insurance company

João Lourenço has relaunched the partial privatisation of ENSA in the hope of reducing public debt, estimated at 60% of GDP in 2022.

Nigeria
Billionaire Jim Ovia brings his Zenith Bank to Paris

Nigeria's Zenith Bank has yet to obtain its official operating licence in France but its boss, billionaire Jim Ovia, seems to have no doubt that its application will be approved He has already signed a lease for the bank's new offices.

Nigeria
France-Nigeria Business Council reorganises following chairman's death

Banker Aigboje Aig-Imoukhuede will temporarily lead the council pending the election of a new chairman in May. He was close to its former head Herbert Wigwe, who died earlier this month.

The New Guard
Madagascar, Angola, Uganda

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

MadagascarMax Andonirina Fontaine is new environment minister

AngolaEva Rosa Santos to speak for Angolan women entrepreneurs at UN

UgandaDuncan Abigaba, Museveni's faithful communicator

Spotlight | DRC
Engen sails into sea of troubles in DRC

The South African oil company is facing a bid by the Congolese state and relatives of the president to take control of its subsidiary. The managing director of Engen DRC has been dismissed and its shareholders are at daggers drawn.

Palace Intrigues
Félix Tshisekedi, David Cameron, Faure Gnassingbé, Alassane Ouattara, Guillaume Soro

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

DRCWill Cameron get through to Tshisekedi?

Ivory Coast/TogoOuattara and Gnassingbé's discreet tête-à-tête in Riyadh

NigeriaOlivier Becht keeps billionaire company in Lagos

Ivory CoastExiled opposition figure Guillaume Soro back in Africa