African branches of Lebanese banks hit by chaos at home

The ongoing political and financial disaster in Lebanon is slowing the growth of the country's banks in Africa. Bank Audi has sacrificed its Egyptian subsidiary in order to inject some liquidity into its parent company....

Published in the Banking & Finance section ?  LEBANON  _ _ AFRICA  _ _ BANKS  _ _ 14/05/2021  _ _ FREE  _ _ Lebanese banks' African subsidiaries hit by chaos back home The ongoing political and financial disaster in Lebanon is slowing the growth of the country's banks in Africa. Bank Audi has sacrificed its Egyptian subsidiary in order to inject some liquidity into its parent company.  [...]  CONGO  _ _ BANKS  _ _ 14/05/2021  _ _ Sassou loyalist Athanase Ngassaki appointed Banque congolaise de l'habitat chairman Athanase Ngassaki, who advises the Congolese president on economic issues, has been been parachuted into the top job at the Banque congolaise de l'habitat, one of the country's two state-owned banks.  [...] Get unlimited access to Africa Intelligence's exclusive news ASK A QUOTE ?  ZIMBABWE  _ _ OFFSHORE FINANCE  _ _ 10/05/2021  _ _ Mnangagwa's favourite tycoon operates offshore to escape US gaze Though under US sanctions imposed in mi-2020 due to his ties with President Emmerson Mnangagwa, Kuda Tagwirei is still very much in business through a galaxy of companies in Zimbabwe, South Africa and Mauritius.  [...]  AFRICA  _ _ 10/05/2021  _ _ Endeavour restructures shareholdings around UK and Cayman Islands The London listing that Africa's largest gold producer is seeking shareholder approval for on 25 May will involve a new financial set-up. The group led by Sébastien de Montessus has already created a new holding company in London that is expected to absorb its current parent company in the Cayman Islands if the London listing goes ahead.  [...]  KENYA  _ _ 05/05/2021  _ _ John Ngumi seeks to crown himself king of Kenyan logistics The former banker, now head of the parastatal Industrial & Commercial Development Corp (ICDC), is lobbying the Treasury and the president's office to take control of Kenya's ports, railways, and pipelines.  [...] Don't miss out any report about BANKING & FINANCE SET UP YOUR WEEKLY REPORT ?

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