IFC

Cameroon
World Bank may activate guarantee for Nachtigal dam

Faced with unpaid bills from Eneo and limited cash flow, Yaoundé is struggling to repay a letter of credit. This situation could push the Bretton Woods institution to take drastic measures.

Cameroon
Aging network causes distribution back-up at Nachtigal dam

The partial distribution of electricity produced by the Nachtigal power station and delays in network modernisation are putting the state under financial pressure. Backers and investors are watching the state of hydroelectric projects with concern.

Morocco
Zouhaïr Bennani in running to buy Intelcia from billionaire Patrick Drahi

Talks are well underway between the boss of the Label'Vie-Carrefour stores in Morocco and the French-Israeli telecommunications tycoon, whose company is heavily in debt.

Central African Republic, Morocco
Touadéra marshalling international support for Ambition 28 in Casablanca

Bangui is organising a round table entitled Ambition 28 in Casablanca in mid-September, with the aim of mobilising international public and private investors around its National Development Plan.

Cameroon
British fund Actis struggles to finalise sale of energy firm Eneo

Ready to sell its shares in Eneo, Actis has seen the transaction put on hold due to several issues over payment terms, guarantees and transition management. Faced with these hurdles, the World Bank is pressing Yaoundé to speed up the process, in what is an already strained financial context.

Morocco
World Bank lends a hand to Société Générale Maroc

The World Bank is offering Société Générale a financing facility to ease its withdrawal from its former Moroccan subsidiary, acquired in 2024 by businessman Moulay Hafid Elalamy.

Central African Republic
Bangui brings backers together around development plan

The Central African government will organise a roundtable in Washington DC on 24 April to secure funding for its 2024–2028 National Development Plan.

Cameroon
European officials expected at Nachtigal dam inauguration

The dam on the Sanaga River will be inaugurated on 3 April.

Cameroon
Coris Bank in lead to buy local Société Générale

The government and the bank's Paris head office have agreed on a potential buyer for the subsidiary, which is the second-largest bank in the country.

Angola
Nuvibev seeks World Bank support for Refriango soft drinks subsidiary

The International Finance Corporation, the World Bank's private sector arm, is set to vote on whether to grant a credit facility to the Angolan group Nuvibev.

Ghana
Why IFC is supporting cocoa trade via local bank

The International Finance Corporation, the World Bank’s private investment arm helmed in Africa by the Franco-Portuguese Sérgio Pimenta, is due on 17 February to consider a $40m loan to Societe Generale Ghana, a 57%-owned subsidiary of the French bank Société Générale.

Ghana, Ivory Coast
International Finance Corporation mulls major loan to Swiss cocoa trader Ecom

The sum in question is $230m.

Cameroon
IFC poised to lend $60m to Afriland Bank

The International Finance Corporation (IFC) is considering a $60m loan to Cameroon’s Afriland First Bank

Madagascar
Telecoms: Axian lined up for $127m in World Bank loans

The directors of the World Bank's International Finance Corporation will vote on 19 December on two loans for two Axian Telecom subsidiaries.

Morocco
Egyptian retailer Kazyon to expand thanks to International Finance Corporation funding

It hopes to be able to compete with Turkish discounter BIM.

Ethiopia
At the heart of IMF programme, Commercial Bank of Ethiopia under pressure

Ethiopia's largest bank is to receive almost $700m for a recapitalisation operation that comes with a complete overhaul of its risk management system. The introduction of environmental, social and governance standards into the country's banking sector as a whole is still in its infancy.

Palace Intrigues
Macky Sall, Alassane Ouattara, Évariste Ndayishimiye

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

Senegal Sall due back in Dakar to attend son's wedding

Ivory Coast Ouattara monitors French legislative elections closely

BurundiGradual rapprochement between Pierre Buyoya's family and Ndayishimiye

Tunisia
Tunis plans to revive floundering aeronautical industry

To revive the struggling aeronautical industry, Jalel Tabib, who heads the foreign investments agency FIPA, plans to extend the country's World Bank-backed Aftercare support programme to the sector.