The fintech portal is launched months after the central bank partnered with investment manager CDG Invest to facilitate the development of Moroccan fintech startups.  The Moroccan Capital Market Authority (AMMC) announced Monday (August 8), the launch of a new fintech portal on its website. According to an official release published by the regulator, the portal was “designed to support...

The Biden-led U.S. administration is gradually unveiling its African cooperation strategy. The strategy focuses on strengthening democracy but, it also aims to counter Russian and Chinese influence. The United States of America will invest US$2 billion over ten years to boost democracy and good governance in sub-Saharan Africa. The information was disclosed by State Secretary Antony Blinken...

The agreement, which offers rebels security guarantees has not been signed by the rebel movement behind the offensive that cost the life of former President Idriss Déby Itno. Chad's military government signed, today, an agreement with about 40 rebel groups and opposition movements for a national dialogue, to be held in N’Djamena on August 20, 2022.  The agreement was signed, in Qatar,...

In June 2022, Cote d’Ivoire’s average annual inflation rate was 4.7%, according to the national institute of statistics.  The rate, which is above the WAEMU convergence criteria threshold (3%), prompted the government to initiate measures to protect the population’s purchasing power.  Côte d’Ivoire will implement new measures to combat the rising cost of living. The measures...

The commitment comes over a year after WE! Fund committed funds in a bakery in Senegal.  Women's Economic Empowerment Fund (WE! Fund), a fund investing in Sub-Saharan African women, recently committed XOF250 million (US$389,848) to Dialibatou Invest, a Senegalese coffee roaster. The investment agreement was signed on Thursday, August 4.   “Dialibatou Invest is an attractive...

In November 2017, during Orange CI headquarters’ cornerstone laying ceremony, former Prime Minister  Amadou Gon Coulibaly informed that the government and the telecom operator were collaborating to prepare an IPO process. The process is finally kicked off four years after the announcement.   Côte d'Ivoire will sell 9.95% of its 14.95% stake in Orange CI on the BRVM, the West...

The agreement marks the beginning of a plan unveiled by KCB Group in May 2019 disclosing its ambition to expand into the Congolese banking market. If the acquisition deal is finalized, KCB will be the second Kenyan bank to enter the DRC banking market.  Last Tuesday (August 2), Kenya-domiciled financial services group KCB Group Plc announced a definitive agreement to acquire an 85% stake in...

PIEX Group, one of the leading distributors of health and wellness products on the African continent, has achieved a turnover of 137 million euros in 2021, showing an organic growth of 7% compared to 2020, a year with a record demand due to COVID and the risks of supply chain disruptions. PIEX is one of the most financially solid companies in its sector thanks to a constantly improving level of...

Delphos serves as exclusive advisor to Wave on IFC-led facility in Côte d’Ivoire and Senegal  Delphos acted as exclusive advisor to Wave Mobile Money Holdings Inc. (“Wave”) on its highly successful €90 million Syndicated Loan, which will further accelerate Wave’s dynamic growth in Côte d’Ivoire and Senegal. The loan saw substantial interest from development finance...

In 2021, Vodafone announced its plan to sell its stake in its ailing Ghanaian subsidiary to Vodacom. The deal did not come to fruition.   British telecom group Vodafone announces plan to sell its 70% stake in Vodafone Ghana to Telecel Group.  The transaction, which is still subject to “certain conditions”, will allow the British giant to refocus on its key markets. According...