Issue 20: February 2019
AFMI is pleased to present you with the latest edition of the newsletter.
For its first Newsletter of the year 2019, AFMI thought it would be appropriate to focus on data governance in a context of digital data explosion. We are talking more and more about « Big Data ».
Joining us for interview is Mr. Franck ELLA, Engineer. Since 2016, he has been responsible for Data Systems at Axa Direct France, for France and Spain. He has nearly 20 years of experience in the field of data management (Relational Database Management Systems, Busines Intelligence, Big Data) and in various sectors: software publishing, energy, industry, logistics, e-Commerce, banking and insurance. He spent 8 years at Microsoft France as back office engineer and advisor on Data Technologies before joining the Cap Gemini Group as an expert consultant on Microsoft's flagship technologies in Database and Business Intelligence, with frequent interventions with many key account customers such as GDF SUEZ, LCL or Airbus. In 2011, he created his own IT services company called "AKOK Technologies", specializing in database and business intelligence expertise and architecture. During this five-year adventure, he worked for major companies in the Paris region such as BNP Paribas, Véolia, Geodis Calberson, Vente Privée and AXA Direct France. He is a member of DAMA France, French representative of DAMA International (The Global Data Management Community).
“AFMI - Your gateway to Africa’s bond markets.”
Interview with Mr. Franck ELLA, Engineer, who graduated from the Ecole Centrale d'Electronique de Paris. Since 2016, he has been responsible for Data Systems at Axa Direct France, for France and Spain. He has nearly 20 years of experience in the field of data management (Relational Database Management Systems, Busines Intelligence, Big Data) and in various sectors: software publishing, energy, industry, logistics, e-Commerce, banking and insurance.
Bond Market News Summaries
Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close.
In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150 percent on Saturday. Zimbabwe abandoned its own currency in 2009 after it was wrecked by hyperinflation and adopted the greenback and other currencies, such as sterling and the South African rand.
The African Development Bank’s Board has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion from capital markets.
The Bank accesses a wide array of capital markets with the majority of its borrowing in US dollars and Euros as well as issuances in other public markets such as Australian dollars and Pound sterling.
Kenya appointed Trade and Development Bank and Standard Bank Group Ltd. to arrange syndicated loans of $1 billion. There will be three tranches -- a $250 million 10-year debt and two seven-year loans of $410 million and 300 million euros ($340 million).
Kenya’s Treasury planned to raise about 280 billion shillings ($2.8 billion) of external debt to help plug the 2018-19 budget shortfall. The government is talking to banks separately to arrange a $2.5 billion Eurobond-offering, probably during the first quarter.
Côte d'Ivoire’s SME Agency and the Regional Stock Exchange BRVM signed early this week a memorandum of understanding to support small and medium-sized companies with high potential in their quest for funding.
The stock exchange has opened a window to facilitate access to capital.
The South African Reserve Bank lowered its 2019 inflation forecast to 4.8 percent from a previous estimate of 5.5 percent largely due to lower assumed oil prices.
Its price-growth forecast assumes an average oil price of $62 per barrel in 2019. The bank’s Monetary Policy Committee voted to hold the key rate at 6.75 percent last week.
Addis Ababa, Ethiopia, (PANA) - African leaders meet AfDB President to accelerate job creation ventures.
African Development Bank President Akinwumi Adesina, has held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union, the Bank announced on Monday.
Nigeria Signs $30 Billion Export-Financing Deal To Boost Economy.
Nigeria’s federal government reached an export-financing agreement with investment partners to bring in as much as $30 billion from products manufactured in the country and sold abroad.
TechInAfrica – Partech Africa Fund made a final closing at €125 million which is more than twice bigger than last year’s closing – around €57 million.
The organization is mainly focused on tech startups on the continent. It is supported by financial institutions, entrepreneurs, and corporate partners who are experienced and successful.