International Monetary Fund

Congo
Impatient Glencore badgers Brazzaville to pay debt

The Congolese state still owes the Swiss trader $349m, but its ability to keep up payments is shrinking.

Central Africa
CEMAC leaders still hopeful operators will reach rehabilitation fund deal

The presidents of the sub-region have given oil and mining operators until April to find common ground with the bloc's central bank on the repatriation of their rehabilitation funds. Until then, negotiation talks will be held on a monthly basis.

Central African Republic
IMF denies CAR millions of dollars in aid due to Neptune Oil's continuing monopoly

The International Monetary Fund is unlikely to release its third instalment of aid, depriving Bangui of around $20m. At issue is the Cameroonian company Neptune Oil's monopoly on fuel imports and its pump prices, deemed exorbitant.

Central Africa
CEMAC heads of state to discuss Gabon and Congo's debts

Libreville and Brazzaville have strayed from the convergence criteria of the Economic and Monetary Community of Central Africa. The issue will be discussed at an extraordinary summit in Yaoundé next week.

Ghana
IMF to meet again on Accra's debt

Two months after agreeing to restructure Ghana's debt, the International Monetary Fund's executive board is about to make an initial progress report. This could give Accra access to around $360m.

Ivory Coast
Ouattara abolishes tax exemptions for multinational cocoa manufacturers operating locally

Multinationals that own cocoa bean processing plants in Ivory Coast will no longer benefit from a tax exemption on the droit unique de sortie (DUS, single exit tax), the main state tax on exports.

Madagascar
Mobile money companies alert moneylenders

The main mobile money companies in Madagascar consider a new tax bill to be 'inefficient' and 'dangerous' and are calling upon the IMF and the AfDB for help.

Madagascar
World Bank postpones $100m budget support

With Andry Rajoelina's government failing to meet the requisite conditions, the World Bank, like the IMF, has postponed its budget support until the first quarter of 2025.

Palace Intrigues
Faustin-Archange Touadéra, Denis Sassou-Nguesso, Ahmed Moalim Fiqi

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

CARTouadéra's party raises funds for Independence Day parade

CongoSassou back in Paris for Notre-Dame re-opening

SomaliaMinisterial battle heats up for appointment of Geneva rep

Gabon
Libreville counts on Rothschild bank for help

With Gabon facing a number of debt repayment deadlines in 2025, the government has been using the services of the bank Rothschild. The financial services group handled the recent partial repurchase of Gabon's Eurobonds.

DRC
Kinshasa promises to audit exceptional security spending

In view of a $2.87bn deal signed with the IMF, the Congolese government has pledged to audit the massive sums poured into the war effort in the east of the country.

Central African Republic
Neptune Oil manoeuvres to become SOCASP shareholder

CAR energy minister Arthur Bertrand Piri is continuing to push for Cameroon's Neptune Oil to be allowed to take shares in Société Centrafrique de Stockage des Produits Pétroliers. But his latest attempt at a SOCASP shareholders' meeting in late October failed.