Finance

Africa
EU rolls out project to combat terror financing in Africa

Brussels hopes the project will strengthen systems for intercepting suspicious transactions on the continent.

Zimbabwe
Harare takes over Kuvimba Mining House to erase all links with Kuda Tagwirei

Zimbabwe's Mutapa sovereign wealth fund now owns 100% of the Kuvimba mining group, previously controlled by the president's adviser and businessman, Kuda Tagwirei, who is under US sanctions. The move was intended to encourage investors for other projects that have stalled for lack of financing.

Libya
A new director for NOC's estate division

The National Oil Corp (NOC)'s estate division, Jawaby Property Investment, located in the heart of the City of London, just got a new director.

Madagascar
Quai d'Orsay to visit rapper Orelsan's Ony House and other projects

The head of the French foreign ministry's Directorate General of Globalisation (DGM), Aurélien Lechevallier, is expected in Madagascar in mid-March, where he will visit French rapper Orelsan's Ony House cultural project based in Antananarivo.

West Africa
Institut Choiseul to ramp up Africa presence

The French think-tank Institut Choiseul has been active in Africa since 2014 and now plans to increase its presence in 2024. This March, it will launch a club specifically dedicated to the continent.

Tunisia
French firms Maped and Timelec set up shop

Based on French-Tunisian chamber of commerce and industry figures, France was Tunisia's largest investor in 2023, to the tune of €132m.

Morocco
Bruno Le Maire exploits diplomatic thaw to talk business in Rabat

French economy minister Bruno Le Maire is due to take part in April's Morocco-France 2024 Business Forum organised by Medef International and the General Confederation of Moroccan Enterprises.

Kenya
Rising interest rates prompt East African Breweries to make early loan repayments

The Kenyan brewery is keen to maintain financial headroom amid challenging financial times. The second half of 2023 saw the firm's profits fall by more than 20%.

Libya
Sanctioned Iranian shipping firm sails into eastern ports

As Teheran tries to develop its business networks in Africa, an Iranian shipping company has quietly started calling at ports under the control of Khalifa Haftar's Libyan National Army.

Palace Intrigues
Macky Sall, Amadou Ba, Alassane Ouattara, Henri Konan Bédié

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

SenegalSall and Ba's secret meeting

Ivory CoastOuattara keeps his distance from AfDB boss Adesina

Ivory CoastBédié to be laid to rest in Daoukro

Mozambique
Mixed fortunes for Russian businesses in Maputo

Despite some successes in the cultural sphere, Moscow is struggling to develop better trade relations with Mozambique. Some Russian companies are nevertheless managing to prosper.

Chad
N'Djamena champions its candidate for AfDB top job in Abidjan

Chad's transitional president Mahamat Idriss Déby is exploiting his Ivorian connections to support Abbas Mahamat Tolli's bid to be the next president of the African Development Bank.

Ethiopia
Deloitte helps Ethio Telecom prepare IPO on future Ethiopian stock exchange

The Ethiopian Capital Market Authority and the consultancy firm Deloitte have been working together for weeks on the public operator's planned IPO.