Problems keep raining down on Bolloré, the French transportation and logistics group. After the train derailment in Cameroon involving its subsidiary, the group received multiple complaints in the French media industry, lawsuits in the Conakry port case, amid protests from employees in Cameroon and a slumping turnover.
On December 1, 2016, the Versailles Court will study the Conakry port case and decide if Bolloré had in any manner tried to outrun its rival for the contract, after President Alpha Condé was elected in 2011. The French conglomerate was previously ordered in first sentence to pay Necotrans a €2.1 million.
In Cameroon, an investigation was opened for the train crash involving Camrail, Bolloré’s subsidiary, in which 79 people died and hundreds were injured, in Eseka last October 21. The investigation report is now with President Paul Biya. According to France 24, the accident was caused by a train overload and the lack in maintenance of the break system. Other sources however talk about over-speeding. Waiting for the official version, the families of the victims are meeting with their lawyers to sue Camrail.
Meanwhile, the group’s turnover slumped by 10% in Q3 2016 as its transportation and logistics business – from which it gets more than 55% of its revenues - was negatively affected by the fall in oil prices and slowing international trade.
In addition to these, 25 journalists from the French tv channel i-Télé left the station following a conflict that lasted more than month. Overall, 70 journalists, that is 60% of the channel’s staff should leave because they believe their independence to be threatened under Bolloré’s authority.
On C8, another TV station owned by the group, Cyril Hanouna, Vincent Bolloré’s favorite host, might by sanctioned by the regulatory organ, accused of sexual abuse at the station. The show which has most of the channel’s audience is also threatened to be suspended.
In Abidjan, the Cour commune de justice et d’arbitrage (CCJA) recently ruled in the favor of Burkinabe businessman Pangueba Mohamed Sogli in a commercial conflict with the French group.
Few days ago, Cameroonian employees of the firm’s palm tree and rubber tree plantations went on strike demanding for better working and living standards, estimating that the firms’ they work for make more than enough profits to meet their demands.
Last but not least, on November 19, many associations and non-governmental organizations organized in Paris an “anti-Bolloré march” denouncing the Bolloré’s “social irresponsibility”.
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Tunisie Telecom launches Kashy mobile wallet with Viamobile partnership App enables transfers, payments, top-ups, and cash withdrawals nationwide Move...
Rwanda launches Nyungwe-Ruhango ecosystem restoration project backed by GEF funding REMA to implement across Southern Province under Green Amayaga...
Russia is increasingly using African ship registries to sustain oil exports under sanctions Weak oversight and “flags of convenience” complicate...
Algeria has launched a national framework to align training with measurable skills The reform replaces a system of over 400 specialties with...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...