Is trade still dynamic, in sharp decline or completely insignificant? At a time when global inflation is reaching new heights and geopolitical ... balances are being reconfigured, we take a look at Sino-African relations and the issues underlying the partnerships between the continent and the Asian giant.
Before he left for France on 10 November, Côte d’Ivoire’s President Alassane Ouattara gave firm instructions that the heads of public companies that had been singled out for mismanaging preliminary audit reports be suspended until the control mechanisms have been upgraded. No one has been spared, including general managers close to the presidential entourage who thought they could benefit from temporary protection.
Thus, Lanciné Diaby, director-general of the Fonds d’Entretien Routier (FER) – who is also the deputy mayor of Samatiguila in the Denguele district, the native region of the head of state’s mother, Nabintou Cissé – was relieved of his duties on 11 November. Euloge Soro-Kipeya, the head of the strategic Agence Nationale du Service Universel des Télécommunications (ANSUT), was suspended the very next day. He comes from the Tchologo region, which is governed by Téné Birahima Ouattara, the president’s younger brother and minister of defence.
The article continues below
Get your free PDF: Top 200 banks 2019
The race to transform
Complete the form and download, for free, the highlights from The Africa Report’s Exclusive Ranking of Africa’s top 200 banks from last year. Get your free PDF by completing the following form
In recent months, Ouattara has also come under pressure from both France and the US, which have committed significant funding to many projects run by state-owned enterprises. Côte d’Ivoire’s partners have recommended that it fight against bad governance and push for greater transparency.
Advisers to the presidency and prime minister are questioning the operations of the Direction Générale du Portefeuille de l’État (DGPE), which is under the ministry of budget’s supervision. This body, headed by Bamba Seydou, is supposed to monitor the state’s assets and their management by checking the auditors’ reports. However, most of the companies singled out in the preliminary audit reports had in fact been awarded prizes by the DGPE for good governance.
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.View subscription options