Finance

Ivory Coast
Treasury struggles to buy its e-payment platforms

As a source of lost revenue for the state, the Treasury is seeking to acquire Trésor Pay and TrésorMoney, electronic platforms for revenue collection and public expenditure payments.

Congo
Deputy treasury director sacked, leaving presidential clan fuming

Armel Silvère Dongou, responsible in the government for raising bond funds on the regional markets, fled the country last month. He is the focus of an investigation by the Brazzaville public prosecutor's office into embezzlement.

Cameroon
Yaoundé's handling of Covid-19 funds under scrutiny from backers

A delegation from the Global Fund to fight AIDS, Tuberculosis, and Malaria arrived in Cameroon on 7 April to investigate several cases of mismanagement of funds granted to Yaoundé and mainly aimed at helping the country tackle Covid-19.

Ivory Coast
Abdourahmane Cissé prospecting for Lazard in Abidjan

The business bank is counting on the former oil minister to reestablish relations with Ivory Coast. His know-how gained the bank an audience with the head of state.

Africa
AfDB candidate Sidi Ould Tah turns to team of spin doctors

To support his candidacy for the presidency of the African Development Bank in the 9 May election, Mauritanian Sidi Ould Tah has surrounded himself with a team of the continent's leading PR specialists.

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.

Palace Intrigues
Andry Rajoelina, Denis Sassou-Nguesso, Faustin-Archange Touadéra, Emmanuel Macron

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

MadagascarRajoelina puts on fine spread for Macron

CongoDenis Sassou Nguesso to skip his son's wedding in Dubai

Central African RepublicWelcome gardening leave for Minister of Energy Arthur Bertrand Piri

Morocco
Digital bank Revolut looking for key to the kingdom

British fintech Revolut is pulling out all the stops to obtain the right to operate in Morocco. The appointment of a Moroccan banking heavyweight, such as Kamal Mokdad, is being considered.

Ivory Coast
Société Générale faces a flurry of resignations

Pending its sale, the leading banking institution in the West African Economic and Monetary Union (WAEMU) is facing a series of departures of its senior executives.

Morocco
Credit-free neobank Charifintech soon on the market

After raising $100m in 2022, start-up Chari plans to officially launch its payment subsidiary by the end of the year.