International Monetary Fund

Egypt
Little sign of progress over $100bn global South adaptation fund

The host country of COP27 has been working hard to try to secure a commitment from global North countries to finance climate change adaptation in the global South. But no preliminary agreement has been reached on this issue, which will be discussed from today.

Ivory Coast
Ouattara's €153m plan to boost Ivorian army

Ivory Coast President Alassane Ouattara has since mid-October been mulling a plan estimated at nearly 100bn CFA francs (€153m) to accelerate the acquisition of military equipment to strengthen the Ivorian army.

Central African Republic
IMF keeps Bangui waiting for new study mission

Central African Republic PM Felix Moloua and finance minister Herve Ndoba have managed to get the IMF to send a mission to study the country's financial situation.

Egypt
Cairo banks on IMF to save wheat-starved private flour mills

The state body that provides wheat for Egypt's subsidised bread programme has agreed to supply private millers to help them through a crisis that has shut most of their mills. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief.

Kenya
Just a month into the job, Ruto backpedals on good governance

The new president's election manifesto included setting up a commission of enquiry into senior civil servants' "state capture". Now in power, he's had a change of heart.

Tunisia
France holds up €50m Tunisian loan because of traceability concerns

France promised to loan Tunisia €100m at the end of 2020. It paid out the first installment in 2021 but has delayed paying out the estimated €50m second tranche. The loan, the first part of which was released in 2021, was part of a "public policy" package but aid of this kind is subject to strict traceability and management criteria which Tunisia's state-owned enterprises are unable to guarantee at present.

Congo
Deutsche Bank and Citigroup get involved in Brazzaville's debt restructuring

The two banks, which specialise in restructuring sovereign debt on the bond markets, are preparing to issue loans on the financial markets for the Congolese state.

Tunisia
Tunisia leaves a growing number of embassies empty

There are currently 21 vacant positions in the Tunisian diplomatic corps, most recently, Ambassador Moez Sinaoui, who left Rome mid-September when his posting expired.

Africa
Senegal, Benin, Kenya, Somalia

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

Congo
IMF recommendations on conflicts of interest spell trouble for oil ministry

Under pressure from international donors, the Congolese president has signed a decree to crack down on conflicts of interest within his administration. Its implementation is likely to have repercussions for numerous advisers to the oil minister who have one foot in the private sector.

The New Guard
Guinea, Cameroon, Egypt and Zimbabwe

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

GuineaMoussa Moise Sylla, the former journalist who earned Doumbouya's trust

CameroonGuy Gweth, catalyst of Francophone economic intelligence

EgyptRami El-Dokany, from the Arab Federation of Capital Markets to the Egyptian Exchange.

ZimbabweJoana Mamombe, a youthful asset for Nelson Chamisa's presidential ambitions.

Congo
Congo bows to IMF pressure and overhauls hydrocarbons ministry

The Congolese hydrocarbons ministry is about to undergo a radical shakeup. In particular, the powerful hydrocarbons general directorate is to disappear.

Tunisia
Poulina ventures into solar energy market

The Tunisian leader in food processing and industry, Poulina Group Holding, has just set up a subsidiary dedicated to the installation of small photovoltaic units, Nova Green Volt. It will strengthen the group's energy supply but will also be able to carry out projects on behalf of other companies.