Bank of Africa

Morocco
Construction group Seprob wins contract to build Casablanca desalination plant

The Moroccan group will lay the foundations and construct the buildings of the industrial unit, as it did for the Agadir station.

Morocco
The 'comeback' expansion of Agadir desalination plant

This summer, Spanish group Cox announced with great fanfare that it would be financing the second phase of the Agadir desalination plant project. This phase should have been covered by the initial budget of 4.4 billion dirhams, which was approved in 2019.

Cameroon
Cotton kingpins fine-tune fertiliser purchasing strategy after 2024 fiasco

The CNPC-C is relaunching its agricultural input supply campaign with a call for tenders for 52,000 tonnes. Following a season marred by delivery delays and financial setbacks, the confederation is set to adjust its payment terms.

Morocco
From Paris to Casablanca, the Moroccan brain gain is underway

Crédit du Maroc, Bank of Africa, Managem... the kingdom's business giants are stepping up their efforts to attract the young Moroccan elite living in France. A new ad hoc structure has been set up to help them with the recruitment.

Tunisia
BMICE seeks to relaunch Maghreb banking cooperation

Although the Arab Maghreb Union has become obsolete, the Maghreb Bank for Investment and Foreign Trade is trying to lay the groundwork for better integrated regional banking. But the results have been mixed.

Kenya
Auditors Mazars shelved by Uchumi Supermarkets as crucial deadlines loom

Heavily in debt, the Kenyan retail chain is awaiting two key events: the expiry of the initial agreement with its creditors and a court ruling on the Kasarani land, its main asset, which is wanted by a church financed by William Ruto.

Ethiopia
Central bank sounds out foreign investors before opening up sector

The National Bank of Ethiopia has sent out a first draft of its directive on the criteria for access to the Ethiopian banking market. But this long-awaited reform is now being met with some reservations.

Morocco
Moulay Hafid Elalamy set to get go-ahead to take over Société Générale subsidiary

It looks as though the Moroccan financial authorities will approve the purchase of a majority stake in Société Générale Marocaine de Banques by the wealthy businessman.

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

Morocco
Guarantor doubts hold back $300m EBRD loan

Talks over a much-needed European Bank for Reconstruction and Development loan to Morocco's national electricity and water utility have hit a wall over the guarantee provider, a situation the finance ministry is actively trying to resolve.

Ivory Coast
Ouattara tasks Hamed Cissé with developing banking sector strategy

The employers' federation boss will be looking at ways of boosting the sector.