Mega Sino-Chinese marriage in high-speed rail

CNR and CSR, the two largest Chinese manufacturing companies of high-speed trains (TGV) have announced their upcoming merger, the 9th of March 2015. This marriage will calm internal competition and allow them to quietly conquer external markets. Their focus is five African countries: Angola, Ethiopia, Nigeria, Kenya and Zimbabwe.

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Bedomura Kordje, Candidate to the Presidency of the ADB

Bedoumra

Translated to french by Liana Cramer 

 

“For me it is a calling, a sacred mission to accomplish”

Mr. Kordjé Bedoumra is one of the candidates competing for the presidency of the ADB. Currently the Chadian Minister of Finance and Budget, after having served as the Secretary General of the Presidency of the Republic, and, before that, Minister of Planning, the Economy, and International Cooperation.  He is above all an in-house executive of the ABD, where he spent 29 years, including 16 years as an executive, most notably, as the vice-president.

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IMF recognises Ecobank’s positive steps to avoid risks to financial stability

On 4 February 2015, the International Monetary Fund (IMF) released a report titled ‘Pan-African Banks – Opportunities and Challenges for Cross-Border Oversight.’ The report made references to governance issues at Ecobank, which some readers may perceive as being current.

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Papa Zoumana Diarra: “The ARC was born from the drive of the African Heads of State”

photo Diarra

The head of operations and planning of the Emergency Insurance Company ARC Limited (ARC Ltd), Papa Zoumane Diarra discusses the role of this new structure of the African Union, in charge of insurance against disasters. The very first disbursements were made during the month of January.

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Ebola: Expecting promises

Ebola

 

Translated to French by Liana Cramer

 

According to a study by Karen Grepin, a public health expert from New York University, about $2.9 billion have been promised to fight the Ebola outbreak in West Africa, but only 40% have actually reached countries affected by the disease.

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Nigeria: Goodluck Johnathon, facing a poor track record and deadly attacks

image

Translatd from French by Liana Cramer

On Monday January 2nd, Nigerian President Goodluck Johnathon narrowly escaped an attack that occurred in a stadium just outside his meeting. A bomb exploded as President Goodluck Johnathon’s convoi proceeded from the stadium. This explosion, in the city of Gombe, killed two people.

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300 billion dollars to electrify Africa

carte ampoule

By Liana Cramer 

Only 290 of the 915 million people that live in Africa have access to electricity. Further, 30 out of 48 countries of sub-Saharan Africa experience daily power outages. Despite its unreliability, electricity in Sub-Saharan is more expensive than in many other parts of the world, a result of systemic issues. Energy infrastructure is inadequate. Poor managementand maintenance of existing facilities has caused poor energy efficiency. Few improvements have been made in the sector due to the lack of engagement by the private sector and low capacity of the public sector. Additionally, Africa’s movement towards regional energy integration has been hindered by unsustainable tariffs, government interventionism, and losses in transmission and distribution, and poor technical, managerial and financial performance.

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Exclusive: Bedoumra Kordjé, presidential candidate to the African Development Bank

Bedoumra

“For me it is a calling, a mission to accomplish”

24 hours from the definitive closing of the candidates selected for the presidency of the African Development Bank (ADB), Bedoumra Kordjé, now more than ever a candidate for this position, gives us his impressions. In this exclusive interview, the current Chadian Minister of Finance and Budget, shares his vision for the future of the African Development Bank, an institution he knows well, having worked there for 29 years, including 16 years in management positions, notably the vice presidency. Prior to his current role, Mr. Kordjé was the Secretary General of the Presidency of the Republic and, before that, the Minister of Planning, Economy and International Cooperation. As he has the international experience of a large institution combined with the realities of a senior public servant, he is thus in a strong position for the presidency of the pan-African financial institution.

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Ecobank Premier Banking Launched In Accra

new banking service, Ecobank Premier Banking, which is tailored for the fast-growing middle class with an increasing sophisticated taste and demands, has been launched in Accra.

 

Ecobank Premier Banking, the latest addition to Ecobank’s product offering, is one of the responses to the varied banking demands of the elite customer segment and seeks to provide tailored deposit, cash management and credit products and services, customized to individual circumstances, needs and wealth goals.

Premier Banking customers will also be issued with Premier Banking Automated Teller Machine (ATM) cards, different from the ATM cards used by other customers.

It is the highest within the Ecobank customer service range which is designed to cater for individuals within a GH¢450.000 annual income bracket.

In an address read on his behalf to declare the product launched in Accra, last week, the Managing Director of Ecobank Ghana, Mr Sam Adjei said the product was designed to satisfy a broad range of financial needs including investment advisory services tailored to individual wealth plans; Credit products; International payments; and electronic card solutions.

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Rwanda suspends BBC local programs

The Rwanda Utilities Regulatory Authority (RURA) has this evening suspended all local language (Kinyarwanda) BBC radio programs with immediate effect.

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