PwC

Nigeria
Tinubu's tax task force swings into gear

The Presidential Committee on Fiscal Policy, Tax Reforms has begun its work. Its key mission is to bring Nigeria's tax rate up from 11% to the continental average of 18%.

Ivory Coast
Cybersecurity: Foxtrot International hit by $200,000 fraud

French group Bouygues has ordered a cyber-security audit after its Ivorian subsidiary was the victim of a massive bank transfer fraud.

Morocco
PwC and RTE International shortlisted for ONEE contract

MOROCCO | Auditing giant PwC and its partner RTE International have been shortlisted for a contract offered by state power firm ONEE.

Africa, Ethiopia
AU seeks to placate Addis after audit finds Ethiopian officials not up to scratch

African Union Commission chairman Moussa Faki Mahamat is seeking to avoid embarrassment for the institution's host country after an audit questioned the skills of around a hundred of its senior officials, most of them Ethiopian.

Kenya
Kenyatta seeks $10m for his new mediation institute

The main aim of the new entity, which bears the name of the former president, is to forge strategic partnerships and raise money for its conflict-resolution work in DRC and Ethiopia.

The New Guard
Guinea, Ethiopia, Togo, South Africa

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

Guinea Louis Camara, a miner taking on the oil sector

Ethiopia Brook Taye, Addis's economic eminence grise

Togo Karl Lawson, cyber events guru

South Africa Philani Mthembu, batting for BRICS

South Africa
Ex-Steinhoff boss Markus Jooste faces fraud charges

On 18 October, South African Reserve Bank (SARB) seized Markus Jooste's assets, putting pressure on the National Prosecuting Authority (NPA) over the financial scandal involving South African furniture giant Steinhoff

Algeria
EY and Deloitte call it a day

Despite being allowed to reopen a few weeks after the authorities obliged them to halt work, the two global auditing giants will put an end to their consulting activities in Algeria. Their competitors KPMG and PwC are not yet concerned.

Spotlight | Libya
Washington hatches plan to oversee oil revenues

The United States is hoping to set up a "special oversight committee", itself managed by a private auditing firm, to control the transfer of revenues from the National Oil Corp to Libya's state institutions. At stake is a drop in production sparked by the political row over such transfers.

Nigeria
Nigeria aspires to become regional bitumen hub

Nigeria's ministry of mines and steel development, which announced earlier this month that it is seeking investors for its 36 bitumen exploration blocks, has given interested parties until 15 June to submit a bid.

Algeria
Transtec and PwC chosen to try to breathe new life into the EU-Algeria partnership

The Belgian company Transtec and the firm PwC have been chosen to carry out partnership and twinning projects between Algerian and European institutions, yet the Algeria-EU Association Agreement is barely being applied.

Guinea
New A-team takes over Mount Nimba iron ore project from disputed Sable Mining

Nimba Development Co has obtained the mining rights on a Guinean iron ore permit previously held by Sable Mining, which was accused of irregular practices in 2016. Several Guinean mining experts are on the Nimba board and management, among them the former head of the Simandou iron ore project and the former managing director of GAC, who is also the daughter of Guinea's transition prime minister.