World Bank

DRC
$120m in World Bank funds used to finance elections

A Court of Auditors report has revealed that Finance Minister Nicolas Kazadi used funds from the international financial institution, set aside for economic management reforms, to finance the December 2023 elections.

Madagascar
Last-minute talks before mining code revisions come into force

Since the amendments were adopted last June, industry players have been waiting for a crucial implementation decree to be issued. Ministries and local authorities have yet to agree on how mining taxes will be distributed.

Central African Republic
Germany's LS Telcom seeks to set up in Bangui

The German company's Paris-based subsidiary is interested in an international call for tenders issued as part of a programme to improve the Central African government's IT systems.

Niger
French construction leader Sogea-Satom calls it quits

As a direct consequence of the July 2023 coup, Sogea-Satom has pulled the plug on its activities in Niger, where it had been operating for over 60 years.

Madagascar
Antananarivo signs up INSTAT for population census

On 22 February, the Madagascan interior ministry signed a contract with the Institut National de la Statistique, under which the institute will provide it with agents to carry out a population census.

Mauritania, Morocco
Mazars Morocco shortlisted for contract to boost agriculture in Mauritania

Mazars' Moroccan office is currently in the lead to win a contract to create an ecosystem for funding agriculture in Mauritania.

Morocco
Bruno Le Maire exploits diplomatic thaw to talk business in Rabat

French economy minister Bruno Le Maire is due to take part in April's Morocco-France 2024 Business Forum organised by Medef International and the General Confederation of Moroccan Enterprises.

Tunisia
Kaïs Saïed launches Tunisia-Italy electricity interconnection project

Kaïs Saïed a ratifié, le 14 février, la convention de garantie signée entre la Tunisie et la Banque internationale pour la reconstruction et le développement (Bird) concernant le projet d'interconnexion électrique entre la Tunisie et l'Italie.

Angola
Agro-food giant Carrinho looks to expand abroad

The company, which has close ties to President João Lourenço, is looking for partners abroad, particularly in Brazil and the US.

Central African Republic
PM lashes out at energy minister Piri

Félix Mouloua has expressed his dissatisfaction over the World Bank's cancellation of a payment for an energy project overseen by Arthur Bertrand Piri. The money is now definitively lost.

Mauritania
PwC bags contract to bring Mauritania central bank into digital age

PwC’s Tunisian subsidiary has won a major contract to draw up a strategy to guide the Banque Centrale de Mauritanie (BCM) into the digital age.

Uganda
Corruption puts the brakes on road projects

A fresh bid to pull the plug on a delayed road-building project in south-west Uganda has hit another brick wall. Procedural bottlenecks regularly prevent such projects from progressing.

The New Guard
Nigeria, Kenya, Somalia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Nigeria Tolu Obamuroh, Abuja's young legal eagle

Kenya Wanjiku Thiga fights rising femicide rates

Somalia Mohamed Osman, the president's economic expert

Tanzania
Lebanon's Dar al-Handasah strengthens foothold in Tanzania

Lebanese consultancy firm Dar al-Handasah has been commissioned to carry out a study on the urban modernisation of Zanzibar.

Zambia
China's AFECC clinches dam renovation contract

In a consortium with its Zambian subsidiaries, the Chinese state-owned civil engineering and mining company will renovate eight dams in the country.