The Pan-African Economy in Brief: Tuesday, September 15, 2020


The Mayor of Libreville and the CEO of the Merchant Navy arrested for misappropriation of funds: 

The two Gabonese personalities were recently arrested in Libreville for embezzlement. In particular, Léandre Nzue, the mayor of the municipality of Libreville who was arrested on September 11 and detained in the jails of the Directorate General of Counter-Interference and Military Security. Even if no official information has been given on the motives for his arrest by the intelligence services, some sources say that he is suspected of embezzling public funds and laundering money within the municipality that he has led since March 2019. For the time being, eyes are turned to the Directorate General for Counter-Interference and Military Security (B2) to find out whether the mayor will be released or placed under a detention order. The latest news, according to the Gabon Review site, he was taken to hospital following a heart attack.


Investment Magazine in Cameroon:

The perception of the Coronavirus crisis by the Cameroonian employers: for N° 99, the team of the magazine Investir au Cameroun polled Cameroonian business leaders to see how they are enduring the Covid-19 crisis and what prospects they envisage. The last assessment was quite alarming, with a big deficit in public finances, the hotel sector at half mast and no less than 92% of the affected companies. Also in this issue, a zoom on the land conflicts that currently oppose the populations, investors and even NGOs in the country. Invest in Cameroon (IAC) is a monthly magazine dedicated to news from the different economic sectors in Cameroon (Finance, Public Management, Agriculture, Mining, Telecoms, etc.).


Both soldiers killed in an attack on the border with Algeria:

In Assamaka, a locality located 100 km from the town of Arlit in the Agadez region, an unclaimed attack was perpetrated against a position of the Nigerien Armed Forces. The soldiers responsible for securing the equipment of the company in charge of building the trans-Saharan road lost 2 of their elements, after the attack on September 12. The attackers reportedly operated in two vehicles. At the end of the raid, they reportedly took away a patrol vehicle equipped with heavy weapons and a construction company truck.

Ivory Coast:

Only 4 candidates, including Ouattara and Bédié, selected by the Constitutional Council for the presidential election:

On Monday evening, September 14, the Constitutional Council of Ivory Coast made public the list of candidates authorized to participate in the presidential election of October 31. However, out of the 44 applications received by the Electoral Commission and forwarded to the Constitutional Council, only four candidates have been selected for the election. These are the outgoing President Alassane Ouattara, former President Henri Konan Bédié, former Prime Minister Pascal Affi N'guessan and Kouadio Konan Bertin (KKB).