Tag: African economy

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Ivory Coast is among the countries of West Africa that will have a promising economic growth in spite of the break out of the Ebola virus disease, the murderous attacks by the Islamic sect, Boko Haram, and the fall of the rates of the petroleum products. The government has just announced that they have planned a 9.4 % economic growth and a 1 ...
Announced in Togo since July 2014, the French bank, Société Générale, officialized on 10th June, the real starting up of its activities in this country of West Africa. The new financial institution intends to serve, at first, the needs of legal entities (multinationals, institutional, State companies, local and regional large companies and SMEs ...
In Africa, SMEs/SMIs have difficulty in finding financing to propel their activities. The bancarisation rate is derisory and banks are more and more reluctant to grant credit to private individuals. As for the financial system, there is no mechanism of viable financing. All these factors are a severe blow mattering for the African economy that ...
At 6 months of the African Union Summit dedicated to maritime security, Togo has organized a press conference last Tuesday, 2nd June around the preparations for this extraordinary session to share the stakes, its strategy and its vision of what could be a decisive turning point for the African continent. The target announced is to come to a ...
Contrary to his discreet predecessor Goodlock Johnathan, when it is about topical questions, the new Nigerian president, Muhammadu Buhari seems to react quickly. During his nomination, the former General of the Nigerian army expressed his determination to put an end to the concerns of the Nigerians having power cut troubles. "I shall not all ...
Moody's rating agency considered in a report published on 19th May that banks operating in the sub-Saharan Africa should continue getting a strong growth due to good economic perspectives and an extension of the financial inclusion in the region. "We expect that the banking systems of the sub-Saharan Africa continue to get a strong expansion ...
The news has hit the headlines of on-line magazines on Monday. The Togolese minister of prospective and evaluation of public policies, Pr. Kako Nubukpo, is on the radar of the Central Bank of the West Africa States (CBWAS). The eminent economist and academic is blamed for his public outspoken remarks towards the monetary policy of the instituti ...
The American Magazine, Forbes, published its list of the world 2000 largest companies. Only 21 African companies appear in this prestigious list. South Africa takes the lion share with 13 companies. Nigeria, the first economic power of Africa comes in the second position with 4 companies. The countries of the Maghreb, Morocco (3 companies) a ...
Mobile telephony in Ivory Coast is in full progress and in spite of the various crises experienced by the country, this sector continues growing. Tuesday, 13th May in Abidjan, the Ivorian minister of Post offices, Information and Communication Technologies, Bruno Nabagné Koné (photo) declared that "more than 8 billion FCFA are daily register ...
In Niger (one of the world poorest countries), rises a woman whose hardworking, ingenuity and generosity make the happiness of thousands of people in Niger. Reki Moussa is at the head of Asusu, the biggest micro-finance institution of the country. Certified in economy, Reki Moussa made her first experiences in the universe of micro-finance a ...
Good news for the Liberians. The World Health Organization (WHO) will officially announce the eradication of the Ebola virus disease in Liberia on 9th May 2015. According to BBC that released the news, this declaration will be only possible if no new case of the virus is detected so far. Liberia finally has von the war against the Ebola viru ...
In spite of the lack of energy problems met in Ghana this year, the country continues to seduce investors. According to the study "Africa: a closer look at value" realized by the audit and consulting firm, PwC, Ghana tops 15 countries that attract investors. The study revealed that the English-speaking countries are more favorable to busines ...
If the African economic growth should reach 5,0 % in 2015 compared with 4,7 % last year as predicted it by the UNO World Economic Situation and Prospects 2014, it is thanks to the tenacity of entrepreneurs, businessmen, business managers, companies and African economic and financial institutions, but also the best talents of the African Diaspor ...
The e-commerce is "greatly increasing" on the African continent and could, by 10 years, constitute 10 % of retail sales of the biggest African economies, says the "Global e-commerce Logistics 2015 study. "The advent of the e-commerce revolutionizes the local logistic practices and the physical distribution networks", notes the study of which ...
According to words from Aliko Dangote reported by Bloomberg, the wealthiest man of Africa evokes the project for the second introduction of Dangote Cement to the London Stock Exchange. Dangote Cement is the biggest highly-rated company of the Nigerian Stock Exchanges with $15 billion as market capitalization and a floating in stock exchange rep ...
Malawi made a mattering step forwards towards the creation of a digital payment ecosystem to fight against poverty and stimulate the including growth. An event organized by the government of Malawi in cooperation with the initiatives "Better Than Cash Alliance" and "mobile Money for the poor" of the United Nations Capital Development Fund (UNCD ...
Make it simpler and faster in order to remove obstacles to new business start-up, favor formalization of the existing activities and boost private investments in the region. The workshop for business facilitation in the WAEMU space, organized by the WAEMU Commission in partnership with BizClim, ended its works on 24th Friday 2015 in Ouagadougou ...
According to the managing staff of the Burkinabe subsidiary of the Pan-African banking group, Ecobank, "the bank registered good results in spite of the difficult national and international context". It appears that Ecobank Burkina made in 2014 a total balance of 605.60 billion FCFA or a progress of 15 % compared to that of 2013. It colle ...
About 20 years after his last visit, the Zimbabwean president, Robert Mugabe started last Tuesday a historic visit of two days in South Africa with the objective to consolidate the economic relations between both countries. The consolidation of the economic relations between both countries will be the main topic of the discussions between th ...
Marrakesh will host an international conference of African Ministers of Trade from 8th to 9th April 2015. The meeting which is within the framework of the celebration of the 20th anniversary of the WTO (World Trade Organization) is placed under the theme: "20 years of the WTO: celebration of successes and challenges for the future." The choi ...
According to a study published by the strategy consulting international cabinet, BCG (Boston Consulting Group), while the Africans will use their mobiles to pay their invoices or send money to their close relations, the Mobile Banking prosperous market could reach a value of 1.5 billion dollar within 4 years. The report supports that the Afr ...
The Moroccan Bank for Foreign Trade (BMCE Bank) realized a net profit of 1,94 billion Moroccan dirham (195 million dollars) in 2014 or 58 % increase with regard to 2013. The group that continues its expansion on the African market intends to change name. On 23rd March 2015 during the presentation of the results of Group, it was decided to ch ...
Present in Kenya with 135 agencies and 38 branches in Naïrobi, Equaty Bank is a reference in Africa. The bank created in 2014 only has just won the prestigious award of the African Bank of the Year 2015 during the third edition of the Africa Ceo Forum held in Geneva. Equaty Bank thus succeeded to Attijariwafabank, prize-winner of the previous e ...
Ivory Coast is a "model" regarding economic development, declared Mrs. Helen Clark, Director of the United Nations Development Programme (UNDP), on Wednesday at the opening of the international conference on emergence of Africa, in the presence of the Heads of States of Ivory Coast, Alassane Ouattara, and of his Senegalese counterpart, Macky Sa ...
The year 2014 favorably ended for the BOA (Bank Of Africa). The banking group indicated having realized a 90 million euro consolidated net profit, a 58.5 % increase with regard to the previous exercise. The banking group mainly detained by the Moroccan bank, BMCE Bank, innovates in the African countries (Benin, Burkina Faso, Ghana, Ivory Coa ...
About forty countries working for emergence as well as about twenty institutions and heads of States are expected from 18th to 20th March at the first international conference on the emergence of Africa that will be held in the Ivorian economic capital, Abidjan. The announcement was jointly made on Thursday by Ivorian Minister planning and d ...
The president of Ivory Coast, Alassane Dramane Ouattara, declared in San Pedro during a press conference at the end of his visit in the district of Bas-Sassandra that he expects to lower taxes of the Ivorian taxpayers. "There will be no increase of taxes. Quite the opposite, my ambition is to lower the taxes. I will lower the taxes as the ta ...
There is growth in West Africa. According to figures published on Wednesday by the Central Bank of West African States (BCEAO), the WAEMU space (West African Economic Monetary Union) expects 7.2 % growth in 2015. This forecast slightly exceeds that of China (7 %). In 2014, the WAEMU space already registered an increase of its GDP moving from ...
Small and medium-sized enterprises (SME) represent one of the economic lifeblood of the continent. In Senegal, in order to connect the Senegalese SME between them and with all Africa, Represent' Action West Africa organization, in partnership with the Agency for development, supervision and promotion of the Small and Medium-sized Enterprises ...
It is now done. The Burkinabe group, the Coris Bank International, announced long time ago in Togo, officially launched its activities last Friday, 20th February 2015. The financial institution already established in Burkina Faso, Ivory Coast and Mali, intends to give a "new visage to bank". In spite of its young age, the Coris Bank Internat ...
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