World Bank

The New Guard
Guinea, Ethiopia, Zambia, Zimbabwe

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

Guinea Abdourahim Barry, the oil ministry's rising star

Ethiopia Mamo Mihretu, Abiy Ahmed Ali's right-hand economics man

Zambia Mwiya Musokotwane, the fintech sector's leading lobbyist

Zimbabwe John Basera, Mnangagwa agricultural programme's golden boy

Kenya
Kenyatta under pressure to shake up Kenya Power yet again

As Kenya's energy minister complains the state utility is taking too long to carry out reforms, its board chair is feeling the heat.

Madagascar
Private sector hopes for OHADA membership for sunnier business climate

As a World Bank report published on 1 June expresses concerns about the business climate in Madagascar, the country's private sector is still hopeful Madagascar will join OHADA, an organisation of 17 Africa states bound by a system of business laws.

Africa
DRC, Guinea, Gabon, South Africa

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

Senegal
Short-circuited in Dakar, smart meter start-up Akilee hopes to plug in to foreign markets

Setbacks over a €286m contract with Senelec, its top client and shareholder, have prompted the company to seek business elsewhere in Africa. It's already taking a good look at Rwanda.

Morocco
Somagec enlists Israeli desalination champion to bid on mega Casablanca plant

Moroccan port construction leader has contacted Israel's desalination giant IDE Technologies with plans to make a joint bid for the construction of the Casablanca plant, which is projected to cost nearly €1bn.

Spotlight | DRC
Prosecutor opens investigation into $300m finance ministry account

Last month in the utmost secrecy, the Kinshasa prosecutor's office opened an investigation into an account held by the finance ministry at the First National Bank containing over $300m. It is a sensitive case that could involve irregular transactions.

Cameroon
World Bank to launch new $538m infrastructure project in north despite past failures

The World Bank is preparing to finance a new road and rail infrastructure construction programme between Douala and N'Djamena. Expected to cost more than $538m, it recalls an earlier one, completed in 2021, which the bank said had produced "unsatisfactory" results.

Libya, Tunisia
Central banks of Libya and Tunisia keep it in the family

The governor of the Libyan central bank has given his Tunisian counterpart's wife a seat on the board of one of the bank's Italian subsidiaries.

Tunisia
Tunis defaults on legal costs to ICSID in BFT case

Tunisia has failed to make its final payment to the World Bank arbitration tribunal, which could result in it being ordered to pay several hundred million dollars in compensation to ABCI Investments. Proceedings are unlikely to be suspended.

DRC
Global Sovereign Advisory acts as sherpa for Tshisekedi in Washington

Global Sovereign Advisory, a small French boutique bank, is helping Kinshasa in its talks with the World Bank and the International Monetary Fund.

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

ZMDC, the state-owned company that owns the majority of the government's mining portfolio, needs to find more than $400m to compensate aggrieved former business partners.