Weekly summary report : Banking & finance

Power Brokers and their Connections

Published this week in the BANKING AND FINANCE section IN FOCUS  ZIMBABWE _ _  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.  [...]  CONGO _ _  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.  [...]      LEBANON _ _  AFRICA _ _  14/05/2021 _ _   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.  [...]    FREE  _ _ Discover our subscription offers

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