The internal problems of the Ivorian Popular Front (FPI) seem to be growing every day. While former Head of state Laurent Gbagbo is pushing for the creation of a brand new party, the president of FPI’s branch has just announced his exclusion by the central council. Pascal Affi N'Guessan (pictured), President of the branch of the FPI, has just announced the exclusion of former Head of state...

The value of Nigeria’s currency -Naira- has been gradually eroding over the past decade. This year, which marks a post-Covid-19 period, the currency is still slow in recovering and reaching its 2010’s position. Over the past 10 years, the value of the Nigerian local currency has dipped by 171% against the US dollar. Today, the currency of Africa’s biggest economy by GDP is on the verge of...

Eric Kalala Nsantu is the new Chief Executive Officer of Bolloré Transport & Logistics in the DRC. Having been Managing Director of the Congolese subsidiary since 2019, he now succeeds François Kaniki, who was Chair of the Board of Directors at Bolloré Transport & Logistics for more than ten years. Eric Kalala Nsantu has strong experience in financial management and mining logistics. He is a...

The United States development financial institution IFC together with FMO, the Dutch entrepreneurial development bank, today announced a loan of $50 million to I&M Bank Ltd. Of the total amount invested, IFC is committing $30 million while FMO provides $20 million. The financial services company will use the money to strengthen its regulatory capital position, which will in turn...

Dubai Chamber, in preparations to host the 6th Global Business Forum Africa in Dubai next month, released its analysis on exports and re-exports to west Africa. The data shows that the Dubai Chamber member companies’ exports and re-exports to the region surged 42% in the first five months of 2021 to reach a record of $387 million. This rise is typically boosted by a recovery in trade...

Building on a 25-year relationship, Bolloré Transport & Logistics and supply chain services company Czarnikow are collaborating to support Bolloré Transport & Logistics’ sustainable development in East Africa, through the VIVE Sustainable Supply Programme. VIVE is designed to create fully sustainable supply chains in which all actors commit to sustainable improvement.   Through its...

Between 2014 and 2016, Guinea suffered the world’s deadliest Ebola epidemic since 1976. Now that the country is once against facing a major health crisis, namely the Covid-19 pandemic, another Ebola-like virus has been detected on its territory. Authorities in Guinea reported last August 9 the first case of Marburg virus infection in the country. The World Health Organization (WHO) confirmed...

Moove, an African mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa has raised $23 million in a Series A round. Speedinvest and Left Lane Capital were the lead investors, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech...

Jihadist attacks in Mali have gained ground since 2012 despite counter efforts. The latest deadly attacks, for which no one claimed responsibility, happened in four localities in Gao, Northeast region, last August 8. They claimed at least 51 lives, as reported by Colonel Souleymane Dembélé, spokesperson of the national army. “Terrorists entered the villages and wreaked havoc,” a security...

The World Bank has disbursed a total of $371 million to support the Chadian economy since January 2020. The resources mainly target the fields of education, refugee management, the rural world, agriculture, and healthcare, but the Covid-19 response plan received the largest share. “While efforts focus on addressing Covid-19, there is a high risk of weakening the whole health system and...