A LA UNE
SENEGAL: Makhtar Diop heads IFC
On Thursday, 18 February 2021, the World Bank (WB) announced the appointment of Makhtar Diop as Managing Director and Executive Vice President of the International Finance Corporation (IFC). The mission of this WB subsidiary is to promote economic expansion and improve people’s living conditions by promoting the growth of the private sector in developing countries.
“I am honoured to have been named Managing Director of the International Finance Corporation (IFC). Committed to helping our customers overcome the challenges of the Covid-19 pandemic. By supporting the private sector, we will help improve the living conditions of as many people as possible,” said Senegalese economist Makhtar Diop. He was appointed Thursday, February 18, to head the IFC. An appointment that will take effect as of March 1, 2021. Makhtar Diop has to his credit, says World Bank Group President David Malpass, extensive experience in development and finance and a career marked by energetic leadership and service-orientedin relation to developing countries, both in the public sector and in the private sector.
“It will provide IFC with expertise that will help the World Bank Group continue to act swiftly to address the global crisis and continue to work towards a green, resilient and inclusive recovery. We need a supportive environment and thriving businesses to attract investment, create jobs and support the deployment of low-carbon electricity and clean transportation, clean water, digital infrastructure and services, and to contribute more broadly to the overall development progress that is essential to our mission of poverty reduction and shared prosperity,” Malpass said in a World Bank statement released.
Makhtar Diop’s main mission will be to deepen and stimulate the IFC’s “3.0” strategy, which aims to foster the creation of new markets and mobilize large-scale private capital, and implement the commitments made under IFC’s capital increase program. These commitments include increased investments in climate and gender equality, and increased support for countries in situations of fragility, conflict and violence.
It will also have the task, according to the document, of strengthening the links between IFC, IBRD/IDA and MIGA, helping to accelerate the World Bank Group’s efforts to boost the development of its client countries. IFC’s Strategy 3.0 includes taking more proactive action. that is, by intervening at an earlier stage in the project development process to create the conditions for mobilizing private sector solutions and unlocking new investment opportunities. It also plans to extend the impact of IFC to the poorest and most fragile countries, with the aim of tripling its annual investments for its own account in those countries.
Former Minister of Economy and Finance of Senegal, Mr. Diop is currently Vice President of the World Bank for Infrastructure. He had previously served for six years as World Bank Vice President for the Africa Region. He has also served as World Bank Director of Operations for Brazil and previously for Kenya, Eritrea and Somalia. He started his career in the banking sector and has a strong command of the public/private interface as well as direct experience of structural reforms in support of the private sector, acquired in particular as part of his duties as Minister of Economy and Finance of Senegal. A former economist with the International Monetary Fund (IMF), he also headed the Finance, Private Sector and Infrastructure Department of the World Bank’s Latin America and Caribbean Region.
Recognized for his leadership in development, Mr. Diop has been named one of the 100 most influential Africans in the world. In 2015, he received the prestigious University of California (Berkeley) Regents’ Lectureship Award. He has a degree in economics and finance.
Yamoussoukro, December 26, 2023- After an impregnation visit of the Charles Konan-Banny stadium in Yamoussoukro, Tuesday, December 26, 2023, the Prime Minister, Minister of Sport and Living Environment, Robert Beugré Mambé, said reassured. The stadium, he said, is ready to host Group C matches from Senegal, Cameroon, Guinea and The Gambia.
‘What we have seen is reassuring. Technically, from the equipment point of view, we are ready at the Yamoussoukro stadium. But we will remain vigilant until the end,” said Robert Beugré Mambé.
The Prime Minister called for on-call teams to be set up in all sectors. We will have specialists permanently because Côte d’Ivoire wants to be up to date, in all circumstances, with the expected benefits of this great country. We have given indications that vigilance is needed,’ insisted the Head of Government.
For this visit, which is part of the visits of infrastructure related to the CAN 2023, the Vice-President of the Republic, Tiémoko Meyliet Koné, accompanied by the Prime Minister and other members of the government, visited the host infrastructure, in particular the President’s Hotel where official delegations will stay.
CAN 2023 is scheduled from January 13 to February 11, 2024 in Côte d’Ivoire with 24 teams.
CICG
The Bourse Régionale des Valeurs Mobilières (BRVM), received the Innovative Deal of the Year Award from the AFIS AWARDS 2023, in conjunction with the SGI EDC Investment Corporation. It was on the occasion of the African Financial Industry Summit (AFIS), held in Lomé (Togo), on November 15 and 16, 2023.
A statement from the Brvm informs that this prize is awarded relative to the success of the introduction to the BRVM of Orange Côte d’Ivoire, on December 30, 2022, with a record capitalization at the introduction of 1538.19 billion Cfa francs.
The document reports that the distinction made to the BRVM through the «Innovative Deal of the Year» Award reflects the recognition of the African financial industry to a rare transaction in recent times on the markets (partial privatization by IPO) which raised the WAEMU stock market to fifth place on African stock exchanges in terms of capitalisation in September 2023.
Dr Edoh Kossi AMENOUNVE expressed the gratitude of the BRVM, its Board of Directors, its General Management and all its staff who are honoured to receive this distinction. It is the culmination of the efforts undertaken over several years in terms of promoting the regional financial market and innovation.
Dr AMENOUNVE took the opportunity to express his deep gratitude to the Ivorian Government and its Privatization Committee whose vision and leadership he praised. He thanked them for their ongoing concern for the BRVM. The public offer to sell the shares of Orange Côte d’Ivoire was arranged and conducted by SGI EDC Investment Corporation (Ecobank Group) co-winner of the prize.
Initiated by Jeune Afrique Media Groupe (JAMG) in partnership with Mazars, the AFIS Awards annually reward five categories of companies and individuals who have contributed significantly to the growth of the African financial sector.
Burkina Faso is not “enemy” of the “French people”, said Captain Ibrahim Traoré, transitional president, following a coup d’état, in an interview broadcast Wednesday, September 06, 2023 by Radio television of Burkina (RTB, public.
“We are not enemies with the French people, it is the policy of those who lead France that poses a problem in Africa, so as long as a state is not in an imperialist spirit (…) there is no problem,” he said in the interview recorded on 31 August.
Burkina has been looking for new cooperation ever since. We have new partners who support us in terms of equipment and so on,’ he added, without naming them.
Burkina Faso’s Foreign Minister, Olivia Rouamba, on Monday expressed her country’s desire to “strengthen bilateral cooperation” with Iran, during a meeting in Tehran with President Ebrahim Raïssi.
A Russian delegation exchanged with Mr. Traoré last week in Ouagadougou, on issues of development and military cooperation and Captain Traoré went to Saint Petersburg in July for the Russia-Africa summit.
He reaffirmed his country’s support for Niger, the scene of a coup d’état on 26 July, with which Burkina shares the so-called “three-border” zone between Mali, Niger and Burkina, considered a hideout of jihadist groups.
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