World Bank

Africa
Consultancy takes part in AfDB presidency recruitment process

Hannah Ryder, managing director of Development Reimagined, is due to meet the figures vying to take over the reins of the African Development Bank.

Tunisia
Construction group SNC-Lavalin completes withdrawal from North Africa

AtkinsRéalis (formerly SNC-Lavalin) is ending its activities in the Maghreb. The Canadian group has been hit by a number of corruption scandals, particularly in Tunisia and Libya.

Madagascar
Rio Tinto subsidiary QMM recruits high-profile anti-graft campaigner

The lawyer Sahondra Rabenarivo, a well-known face on the anti-corruption scene, is going into the private sector. She has been appointed as corporate and external relations director at Qit Mineral Madagascar, the local subsidiary of Rio Tinto.

Kenya
Jiangxi Construction Engineering wins $46m contract for Isiolo-Mandera corridor

The Chinese company has been awarded a $46m contract by the Kenya National Highways Authority to upgrade a 38km stretch of road in the northeast of the country.

Madagascar
Tana awaits $75m from the World Bank for aviation sector

The World Bank will vote in May on a $75m subsidy to boost civil aviation in Madagascar.

Central African Republic
Bangui drinking water project held up due to Touadéra's missing signature

The Saep Bangui II project, which involves building a drinking water supply system in the capital, was discussed this month in a meeting between Minister Arthur Bertrand Piri and an African Development Bank team.

Tunisia
Tunis cuts ties with IMF

As President Kais Saied believes that the International Monetary Fund is interfering in the country's economic affairs, Tunisia has decided to cut off all contact with the international institution.

Chad
World Bank earmarks $100m to combat desertification in Chad

The World Bank is drawing up a $100m project to help fight desertification in Chad. The plan, to be implemented by the environment ministry’s department of environmental assessments, must be submitted for validation by the bank's board by 28 November.

Morocco
New Zniber generation to take over family empire

The wealthy French-Moroccan Zniber family is speeding up the handover of its financially troubled food giant, Diana Holding. The two eldest siblings, Leyth and Diana, are the chief legatees.

Palace Intrigues
Brice Clotaire Oligui Nguema, Guillaume Soro, Alassane Ouattara

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

Ivory CoastGuillaume Soro's old acquaintances in Gabon

GabonNguema kept in dark about World Bank arrears

SomaliaRabat mediates to keep coach Rachid Loustèque onside

Zambia
Samuel Munzele Maimbo starts Western tour for AfDB presidency votes

The Zambian candidate, in the running to take over the leadership of the African Development Bank in May, is having a series of meetings with France, Japan, Morocco and the UK.

Tanzania
Mission 300 electricity summit hit by geopolitical turmoil

African leaders and their partners reaffirmed their commitment at a summit last week to bring electricity to an extra 300 million people, with almost $50bn committed to the cause. But Donald Trump's freeze on US aid and shifting African power blocs brought a wind of uncertainty to the event.

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.