<script data-pm-proxy="intercept"></script><?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Financialivoire Insights]]></title><description><![CDATA[Media-Research financier indépendant (M&A,PE&VC). (Afrique de l'Ouest Francophone)]]></description><link>https://financialivoire.substack.com</link><image><url>https://substackcdn.com/image/fetch/$s_!GHqS!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F885e4b5c-fab9-4e25-81a8-e7b7f95e1615_1280x1280.png</url><title>Financialivoire Insights</title><link>https://financialivoire.substack.com</link></image><generator>Substack</generator><lastBuildDate>Tue, 01 Sep 2026 23:00:24 GMT</lastBuildDate><atom:link href="/__u/financialivoire.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Financialivoire]]></copyright><language><![CDATA[fr]]></language><webMaster><![CDATA[financialivoire@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[financialivoire@substack.com]]></itunes:email><itunes:name><![CDATA[Financialivoire]]></itunes:name></itunes:owner><itunes:author><![CDATA[Financialivoire]]></itunes:author><googleplay:owner><![CDATA[financialivoire@substack.com]]></googleplay:owner><googleplay:email><![CDATA[financialivoire@substack.com]]></googleplay:email><googleplay:author><![CDATA[Financialivoire]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Financialivoire Newsletter - Septembre 2026]]></title><description><![CDATA[Le Chiffre du mois]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-septembre</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-septembre</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Tue, 01 Sep 2026 07:50:09 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!1OUQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa97aa1e4-c613-4715-b2c6-6b9a63323c77_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="image-gallery-embed" data-attrs="{&quot;gallery&quot;:{&quot;images&quot;:[{&quot;type&quot;:&quot;image/jpeg&quot;,&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a97aa1e4-c613-4715-b2c6-6b9a63323c77_1300x1300.jpeg&quot;}],&quot;caption&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;staticGalleryImage&quot;:{&quot;type&quot;:&quot;image/jpeg&quot;,&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a97aa1e4-c613-4715-b2c6-6b9a63323c77_1300x1300.jpeg&quot;}},&quot;isEditorNode&quot;:true}"></div><h1>Le Chiffre du mois </h1><p><strong>CardinalStone r&#233;alise un first close de 76 M$ pour son deuxi&#232;me fonds</strong></p><p>Le 24 ao&#251;t 2026, CardinalStone Capital Advisers (CCA) a annonc&#233; le premier closing de <strong>CCA Growth Fund II &#224; 76 M$</strong>. Le v&#233;hicule cible les PME &#224; fort potentiel en Afrique de l&#8217;Ouest, avec le Nigeria, le Ghana, la C&#244;te d&#8217;Ivoire et le S&#233;n&#233;gal comme march&#233;s prioritaires. Le fonds vise notamment &#224; accompagner la transformation de PME &#224; forte croissance en champions r&#233;gionaux.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h1>Nomination </h1><p><strong>Laurent Demey rejoint le Board de l&#8217;AVCA</strong></p><p><strong>Laurent Demey, cofondateur et Managing Partner d&#8217;Amethis, a &#233;t&#233; nomm&#233; au Board of Directors de l&#8217;African Private Capital Association (AVCA).</strong></p><p>Fort de plus de 30 ans d&#8217;exp&#233;rience dans la banque d&#8217;investissement et le private equity en Afrique, Laurent Demey a notamment occup&#233; les fonctions de Chief Investment Officer puis de Deputy CEO de Proparco avant de cofonder Amethis avec Luc Rigouzzo.</p><p>Sa nomination intervient alors que l&#8217;AVCA poursuit son r&#244;le de repr&#233;sentation et de structuration de l&#8217;industrie du private capital africain. Pour Amethis, cette nomination vient renforcer sa pr&#233;sence au sein de l&#8217;une des principales organisations repr&#233;sentant les acteurs du capital-investissement et du capital priv&#233; sur le continent.</p><h1>Le Fonds de Private Equity du mois</h1><h3> Adiwale Partners</h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!UCPm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3d2373be-cd26-4bcc-a442-1e700be6d0f6_674x660.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!UCPm!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, 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/__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3d2373be-cd26-4bcc-a442-1e700be6d0f6_674x660.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!UCPm!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3d2373be-cd26-4bcc-a442-1e700be6d0f6_674x660.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h5>Jean-Marc Savi de Tov&#233; (&#224; gauche) et Viss&#233;ho Gnassounou (&#224; droite), Co-Fondateurs d&#8217;Adiwale Partners.</h5><h1>Un acteur r&#233;gional au c&#339;ur du financement des PME ouest-africaine</h1><p><strong>Cr&#233;ation :</strong> 2016<br><strong>Si&#232;ge :</strong> Abidjan, C&#244;te d&#8217;Ivoire<br><strong>Taille finale :</strong> 60 M&#8364;<br><strong>Positionnement :</strong> Growth Capital / Private Equity<br><strong>Zone :</strong> Afrique de l&#8217;Ouest francophone et au-del&#224;</p><p>Adiwale Partners est un <strong>g&#233;rant ind&#233;pendant de fonds de private equity</strong>, cr&#233;&#233; en 2016 par des professionnels du private equity et des march&#233;s de capitaux.</p><p>Bas&#233; &#224; Abidjan, le fonds cherche &#224; accompagner des entreprises de taille interm&#233;diaire dans leur d&#233;veloppement, notamment &#224; travers du <strong>capital de croissance et un accompagnement op&#233;rationnel</strong>.</p><p>L&#8217;&#233;quipe revendique une exp&#233;rience cumul&#233;e de <strong>20 transactions en Afrique de l&#8217;Ouest francophone</strong>.</p><h2>Les derni&#232;res op&#233;rations d&#8217;Adiwale</h2><h3>Clinique Ambroise Par&#233; &#8212; Guin&#233;e</h3><p>En d&#233;cembre 2025, <strong>Adiwale Fund I a pris une participation minoritaire dans Clinique Ambroise Par&#233;</strong>, acteur de la sant&#233; priv&#233;e en Guin&#233;e.</p><p>L&#8217;investissement doit notamment permettre la modernisation des &#233;quipements, le lancement de nouveaux services et le renforcement des &#233;quipes.</p><p>Cette op&#233;ration illustre l&#8217;&#233;largissement du portefeuille d&#8217;Adiwale vers des secteurs essentiels comme la sant&#233;.</p><h3>Codex &#8212; S&#233;n&#233;gal</h3><p>En septembre 2025, Adiwale Fund I a annonc&#233; une prise de participation dans <strong>Codex</strong>, entreprise s&#233;n&#233;galaise sp&#233;cialis&#233;e dans les services de levage et de logistique.</p><p>L&#8217;op&#233;ration confirme l&#8217;int&#233;r&#234;t du fonds pour les entreprises de services B2B capables de b&#233;n&#233;ficier de la croissance des activit&#233;s industrielles et des infrastructures en Afrique de l&#8217;Ouest.</p><h3>Jus D&#233;lice &#8212; Togo</h3><p>En f&#233;vrier 2025, Adiwale a investi dans <strong>Jus D&#233;lice</strong>, producteur ouest-africain de jus d&#8217;ananas biologiques.</p><p>L&#8217;investissement devait notamment contribuer au financement d&#8217;une nouvelle ligne de production afin de r&#233;pondre &#224; la croissance de la demande internationale.</p><h3>Global Action &#8212; S&#233;n&#233;gal</h3><p>En 2023, Adiwale Fund I a pris une participation minoritaire dans <strong>Global Action</strong>, acteur s&#233;n&#233;galais de la distribution de produits de grande consommation.</p><p>L&#8217;objectif &#233;tait notamment d&#8217;accompagner l&#8217;expansion du r&#233;seau de distribution, le d&#233;veloppement du commerce de d&#233;tail et la professionnalisation des op&#233;rations.</p><h1><strong>Expansion &#8212; ARAF lance ses activit&#233;s en C&#244;te d&#8217;Ivoire</strong></h1><p>L&#8217;Acumen Resilient Agriculture Fund (ARAF) annonce le lancement de ses activit&#233;s en C&#244;te d&#8217;Ivoire &#224; la suite du premier closing de son deuxi&#232;me fonds, ARAF II, qui a mobilis&#233; <strong>90 M$ de capitaux engag&#233;s</strong>.</p><p>Le fonds cible des entreprises agroalimentaires capables de renforcer la r&#233;silience climatique des petits exploitants agricoles africains. Apr&#232;s le Nigeria, le Ghana, le Kenya, la Tanzanie et l&#8217;Ouganda, la C&#244;te d&#8217;Ivoire devient ainsi l&#8217;un de ses nouveaux march&#233;s, aux c&#244;t&#233;s du Maroc et de l&#8217;&#201;gypte.</p><p>Cette implantation traduit &#233;galement l&#8217;int&#233;r&#234;t croissant des investisseurs &#224; impact pour l&#8217;&#233;cosyst&#232;me agroalimentaire ivoirien et ses cha&#238;nes de valeur.</p><p>Retrouvez la fund note et l&#8217;interview de Mme Koumba DEM, Investment Manager chez ARAF r&#233;alis&#233; par Financialivoire. Lien ci dessous.</p><p><a href="https://www.linkedin.com/posts/financialivoire_araf-ii-fund-note-activity-7497930940175011840-kPDS?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACvtoYcBucf_kqQB3ewJTWLtSqTdiy3CURg">FUND NOTE ARAF 90 M$</a> </p><p><a href="https://www.linkedin.com/posts/financialivoire_koumba-dem-araf-ii-lancement-en-c%C3%B4te-d-activity-7498651747079372800-DqVF?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACvtoYcBucf_kqQB3ewJTWLtSqTdiy3CURg">Tribune Koumba DEM, Investment Manager ARAF</a></p><h1>L&#8217;INSIGHT DU MOIS</h1><h3>Une reprise du fundraising, mais un march&#233; toujours s&#233;lectif</h3><p>Les donn&#233;es de l&#8217;AVCA montrent que le march&#233; africain du private capital continue de pr&#233;senter un contraste entre <strong>reprise de la valeur des transactions et faiblesse du volume des op&#233;rations</strong>.</p><p>Au premier trimestre 2026, la valeur des op&#233;rations de private capital a atteint <strong>1,7 Md$</strong>, en hausse de 20 % sur un an, alors que le nombre de transactions reculait de 25 %.</p><p>Dans le venture capital, le premier trimestre 2026 a enregistr&#233; <strong>96 transactions</strong>, soit une baisse de 21 % sur un an, mais une valeur totale de financement de <strong>1,4 Md$</strong>, en hausse de 2,3 fois.</p><p>Autrement dit : <strong>le capital revient, mais il reste fortement concentr&#233; sur les entreprises et les op&#233;rations capables d&#8217;afficher une v&#233;ritable capacit&#233; de croissance.</strong></p><p>Pour l&#8217;Afrique de l&#8217;Ouest, cette s&#233;lectivit&#233; constitue un enjeu majeur pour les PME qui cherchent &#224; passer du statut d&#8217;entreprise locale &#224; celui de champion r&#233;gional.</p><p></p><p></p><h2>Financialivoire</h2><p><strong>Sp&#233;cialiste de l&#8217;information financi&#232;re pour la banque d&#8217;affaires et les fonds d&#8217;investissement en Afrique de l&#8217;Ouest Francophone.</strong></p><p>M&amp;A &#8226; Private Equity &#8226; Venture Capital &#8226; Financement &#8226; March&#233;s de capitaux</p><p><em>Cette newsletter est publi&#233;e &#224; titre informatif et ne constitue pas un conseil en investissement.</em></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Financialivoire Newsletter - Aout 2026]]></title><description><![CDATA[Le Conseil du mois]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-aout-2026</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-aout-2026</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Mon, 03 Aug 2026 04:42:02 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!gVDj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!gVDj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!gVDj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg" width="1300" height="1300" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1300,&quot;width&quot;:1300,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:55891,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://financialivoire.substack.com/i/209580948?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!gVDj!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0355a7ae-e0c9-47ea-ae48-57fb4aa5d6ca_1300x1300.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Le Conseil du mois </h1><p>&#171; Une due diligence n&#8217;a pas vocation &#224; trouver ce qui ne va pas. Elle a vocation &#224; cr&#233;er les conditions de confiance n&#233;cessaires pour qu&#8217;une transaction puisse se r&#233;aliser dans de bonnes conditions. En r&#233;duisant l&#8217;asym&#233;trie d&#8217;information entre les parties, elle permet de r&#233;v&#233;ler la v&#233;ritable valeur de l&#8217;entreprise, de fluidifier les n&#233;gociations et de s&#233;curiser la d&#233;cision d&#8217;investissement. &#187;</p><p>Guillaume Daumon-Y&#233;rima, associ&#233; fondateur de Y&#233;rima Advisory, un cabinet de conseil financier et comptable qui accompagne les dirigeants, les investisseurs et les banques en France et en Afrique. L&#8217;autre co-fondateur est son cousin Salim Orou-Y&#233;rima. Anciens collaborateurs du cabinet EY. Ils cumulent une exp&#233;rience de plus de 29 ans.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>Retrouvez la tribune de Guillaume accord&#233;e &#224; Financialivoire sur l&#8217;industrie du transaction service.</p><p><a href="https://financialivoire.com/a/g">Pourquoi le Transaction Services est devenu incontournable en M&amp;A ?</a></p><p></p><h1>Le fonds de Private Equity du mois</h1><h2>Cauris Management</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!uBX-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 424w, /__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 848w, /__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 1272w, /__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!uBX-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png" width="1080" height="1080" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1080,&quot;width&quot;:1080,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1314882,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://financialivoire.substack.com/i/209580948?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 424w, /__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 848w, /__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 1272w, /__u/substackcdn.com/image/fetch/$s_!uBX-!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eedaf25-dfd4-499c-bdac-6e589f2395e7_1080x1080.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><ul><li><p><strong>No&#235;l Yawo Eklo</strong> &#8211; Cofondateur (Photo 1)</p></li><li><p><strong>Kouassi Lolo Nolits&#233;</strong> &#8211; Directeur Associ&#233; (Photo 2)</p></li><li><p><strong>Benjamin Kouakou</strong> &#8211; Directeur Associ&#233; (Photo 3)</p></li><li><p><strong>Schola Laban</strong> &#8211; Directeur d&#8217;investissement (Photo 4)</p></li><li><p><strong>Ann&#233;e de cr&#233;ation :</strong> 1997</p></li><li><p><strong>Si&#232;ge :</strong> Lom&#233; (Togo) et Abidjan (C&#244;te d&#8217;Ivoire)</p></li><li><p><strong>Zone d&#8217;investissement :</strong> UEMOA et Afrique de l&#8217;Ouest francophone (avec une ouverture progressive &#224; certains march&#233;s anglophones, hors Nigeria pour Cauris IV).</p></li><li><p><strong>Strat&#233;gie :</strong> Growth Capital, quasi-fonds propres, accompagnement strat&#233;gique des PME</p></li></ul><p>Retrouvez notre deal note private equity concernant le closing du fonds initial Cauris IV (35 millions d&#8217;euros- 22,8 milliards de fcfa) par Cauris Management.</p><p>Lien: <a href="https://www.linkedin.com/posts/cauris-iv-ugcPost-7485303554631479296-KSrr/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACvtoYcBucf_kqQB3ewJTWLtSqTdiy3CURg">Closing Cauris IV</a></p><h1>Le deal du mois </h1><h3>EDEN &amp; MBG Capital</h3><p><span>Le 22 juillet 2026, la R&#233;publique de Guin&#233;e a conclu &#224; Conakry une convention de financement syndiqu&#233; international de </span><strong>300 millions d&#8217;euros</strong><span>, soit environ </span><strong>196,8 milliards de FCFA</strong><span>. L&#8217;op&#233;ration permettra de financer le bitumage et l&#8217;am&#233;nagement d&#8217;un axe routier strat&#233;gique de pr&#232;s de </span><strong>160 kilom&#232;tres</strong><span>, reliant Lab&#233;, Banti, Tougu&#233; et le fleuve Bafing, avec l&#8217;embranchement Banti-Koubia.</span></p><p><span>L&#8217;accompagnement d&#8217;EDEN &amp; MBG Capital s&#8217;est articul&#233; autour de trois volets strat&#233;giques : la s&#233;lection et la nomination de Bank of Africa United Kingdom PLC comme arrangeur international mandat&#233;, la structuration d&#8217;une offre de financement optimis&#233;e, ainsi que le pilotage de l&#8217;ex&#233;cution de la transaction jusqu&#8217;&#224; sa conclusion.</span></p><h1><span>La vid&#233;o du mois</span></h1><p><span>D&#233;bat &#233;conomique avec </span><strong><span>Wann Bonny</span></strong><span> (Fondateur de financialivoire) </span><strong><span>Djabah Bruno (analyste financier) , Eric Mbika </span></strong><span>(Consultant) et </span><strong><span>Ange C&#233;dric Nassa</span></strong><span> (Fondateur de </span><strong><span>Navalior M&#233;dia</span></strong><span>)</span></p><div id="youtube2-KLAPD-vnwzg" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;KLAPD-vnwzg&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/KLAPD-vnwzg?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Financialivoire Newsletter - Juillet 2026]]></title><description><![CDATA[Chiffre du mois]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-juillet</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-juillet</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Wed, 01 Jul 2026 06:21:19 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!OX2O!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!OX2O!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!OX2O!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg" width="1300" height="1300" 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/__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!OX2O!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27d8c99f-9fea-498f-afac-6ab91827dc56_1300x1300.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Chiffre du mois </h1><h2><strong>1,7 milliard de dollars</strong></h2><p><strong>1,7 milliard de dollars</strong> : c&#8217;est la valeur totale des op&#233;rations de private capital annonc&#233;es en Afrique au <strong>1er trimestre 2026</strong>, soit une progression de <strong>20 %</strong> par rapport au premier trimestre 2025. Il s&#8217;agit du <strong>quatri&#232;me trimestre cons&#233;cutif de hausse de la valeur des transactions</strong>, un signal encourageant pour le march&#233; africain du capital-investissement.</p><p>Source AVCA (African Private Capital Association)</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><h3>Ce qu&#8217;il faut retenir</h3><p>Si la <strong>valeur</strong> des transactions progresse, leur <strong>nombre</strong> diminue.</p><p>En effet :</p><ul><li><p>le volume des op&#233;rations a recul&#233; de <strong>25 %</strong> sur un an</p></li><li><p>en revanche, la valeur totale des investissements a augment&#233; de <strong>20 %</strong> pour atteindre <strong>1,7 milliard de dollars</strong></p></li></ul><p>Cela signifie que les investisseurs r&#233;alisent <strong>moins de transactions</strong>, mais privil&#233;gient des op&#233;rations <strong>plus importantes et plus s&#233;lectives</strong>.</p><h3>L&#8217;analyse de Financialivoire</h3><p>Cette &#233;volution illustre un changement de dynamique sur le march&#233; africain du private equity. Dans un contexte macro&#233;conomique encore exigeant, les investisseurs semblent privil&#233;gier des entreprises plus matures, pr&#233;sentant des fondamentaux solides et des perspectives de cr&#233;ation de valeur plus importantes.</p><p>Autre enseignement int&#233;ressant : <strong>l&#8217;Afrique de l&#8217;Ouest est la seule r&#233;gion du continent &#224; avoir maintenu une activit&#233; stable en capital-risque (venture capital)</strong> malgr&#233; le ralentissement observ&#233; dans les autres r&#233;gions. Cette r&#233;silience confirme le r&#244;le croissant de la sous-r&#233;gion dans l&#8217;&#233;cosyst&#232;me africain de l&#8217;investissement.</p><p></p><h1>La Banque d&#8217;affaires du mois</h1><h2>Eden Capital</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!son2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff24041e5-fed4-4831-b3f6-a6fa2c10bf73_1920x1536.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!son2!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, 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/__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff24041e5-fed4-4831-b3f6-a6fa2c10bf73_1920x1536.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!son2!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff24041e5-fed4-4831-b3f6-a6fa2c10bf73_1920x1536.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" 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y2="14"></line></svg></button></div></div></div></a></figure></div><p>Serges Mossi (&#224; gauche) et Lamine Mohamed Seck (&#224; droite), tous deux associ&#233;s d&#8217;Eden Capital.</p><p>Fond&#233;e avec l'ambition de contribuer au d&#233;veloppement financier du continent, EDEN Capital est une banque d'affaires panafricaine ind&#233;pendante qui conseille les gouvernements, les entreprises et les institutions financi&#232;res. Son activit&#233; s'articule autour de trois p&#244;les : le financement structur&#233;, le conseil en finance d'entreprise et en fusions-acquisitions, ainsi que le d&#233;veloppement de projets. Gr&#226;ce &#224; une approche sur mesure et conforme aux meilleures pratiques internationales, EDEN Capital accompagne des op&#233;rations strat&#233;giques &#224; fort impact &#233;conomique sur le continent africain.</p><p><span>Financialivoire a r&#233;alis&#233; une deal note donnant les d&#233;tails de l&#8217;op&#233;ration de 20 milliards de FCFA r&#233;alis&#233; par Eden &amp; MBG Capital, une plateforme de banque d&#8217;affaires panafricaine :</span></p><p><span>Lien : </span><a href="https://www.linkedin.com/feed/update/urn:li:activity:7448757289001500672">Transaction Eden &amp; MBG Capital</a></p><h1>La &#8220;best transaction&#8221; du semestre</h1><h2>Amethis acquiert une participation majoritaire dans ADEMAT (Mars 2026)</h2><h3>Les parties</h3><p><strong>Acqu&#233;reur :</strong></p><ul><li><p>Amethis (fonds de private equity panafricain)</p></li></ul><p><strong>Vendeur :</strong></p><ul><li><p>SPE Capital</p></li></ul><p><strong>Entreprise cible :</strong></p><ul><li><p>ADEMAT</p></li></ul><h3>Le secteur</h3><p>ADEMAT est un leader ivoirien des solutions de s&#233;curisation &#233;lectrique (onduleurs, groupes &#233;lectrog&#232;nes, infrastructures &#233;nerg&#233;tiques critiques).</p><h3>Pourquoi cette op&#233;ration est importante ?</h3><p>L&#8217;objectif d&#8217;Amethis est de soutenir :</p><ul><li><p>l&#8217;expansion d&#8217;ADEMAT en C&#244;te d&#8217;Ivoire </p></li><li><p>son d&#233;veloppement en Afrique de l&#8217;Ouest </p></li><li><p>son implantation en Afrique centrale</p></li></ul><p>Le fonds accompagnera &#233;galement :</p><ul><li><p>le d&#233;veloppement commercial </p></li><li><p>le renforcement de la gouvernance </p></li><li><p>la croissance externe &#233;ventuelle </p></li><li><p>l&#8217;am&#233;lioration des performances ESG</p></li></ul><p><strong>Le regard de Financial Ivoire</strong></p><p>Cette op&#233;ration illustre l&#8217;int&#233;r&#234;t croissant des fonds de private equity pour des entreprises africaines de taille interm&#233;diaire disposant d&#8217;un fort potentiel r&#233;gional. Au-del&#224; de l&#8217;apport en capital, Amethis entend accompagner ADEMAT dans sa structuration et son expansion en Afrique de l&#8217;Ouest et en Afrique centrale, confirmant que la cr&#233;ation de valeur repose autant sur l&#8217;accompagnement strat&#233;gique que sur le financement.</p><p></p><h1>La vid&#233;o du mois : Adesuwa Rhodes, la Queen Nig&#233;riane du Private Equity qui g&#232;re 80 millions de Dollars.</h1><div class="instagram-embed-wrap" data-attrs="{&quot;instagram_id&quot;:&quot;DaIx-DnCalm&quot;,&quot;title&quot;:&quot;The School Of Hard Knocks on Instagram: \&quot;The $80 MILLION woman &#8230;&quot;,&quot;author_name&quot;:&quot;@theschoolofhardknockz&quot;,&quot;thumbnail_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/__ss-rehost__IG-snapshot-DaIx-DnCalm.jpg&quot;,&quot;like_count&quot;:null,&quot;comment_count&quot;:null,&quot;profile_pic_url&quot;:null,&quot;follower_count&quot;:null,&quot;timestamp&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="InstagramToDOM"></div><p>Financialivoire est pr&#233;sent sur tout les r&#233;seaux sociaux : Facebook, X (Twitter), Instagram, LinkedIn. / Mail : info@financialivoire.com / Site internet : www.financialivoire.com</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Financialivoire Newsletter - Juin 2026]]></title><description><![CDATA[Chiffre du mois]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-juin-2026</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-juin-2026</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Sun, 31 May 2026 13:41:08 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!5dMf!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F29ff64ff-c184-49be-9020-228e4beb7519_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!5dMf!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F29ff64ff-c184-49be-9020-228e4beb7519_1300x1300.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!5dMf!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, 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y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Chiffre du mois</h1><p><strong><mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);">5,5 % de Pr&#233;vision de croissance de l&#8217;UEMOA en 2026 selon le FMI</mark></strong></p><p>La Guin&#233;e et le B&#233;nin devraient enregistrer les plus forts taux de croissance en Afrique de l&#8217;Ouest en 2026</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>L&#8217;activit&#233; &#233;conomique dans la sous-r&#233;gion resterait dynamique en 2026, bien qu&#8217;en l&#233;ger ralentissement. La croissance de l&#8217;UEMOA atteindrait 5,5 %, soit un recul de 0,9 p.p. par rapport &#224; 2025, tout en demeurant sup&#233;rieure &#224; celle de l&#8217;Afrique subsaharienne. &#192; l&#8217;&#233;chelle de la CEDEAO, la croissance s&#8217;&#233;tablirait &#224; 4,5 % en 2026. La Guin&#233;e demeurerait l&#8217;&#233;conomie la plus dynamique, avec une croissance attendue &#224; +8,7 %, port&#233;e par la mise en exploitation progressive du projet Simandou. La croissance resterait &#233;galement vigoureuse au <mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);">B&#233;nin (+7 %), au Niger (+6,7 %) et en C&#244;te d&#8217;Ivoire (+6,2 %) alors qu&#8217;elle chuterait au S&#233;n&#233;gal &#224; +2,2 %.</mark></p><h1>La Banque d&#8217;affaires du mois :</h1><h1>GENESIS CAPITAL </h1><p></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!F09O!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d50222f-b2cb-4857-bc99-4150c437e1e4_1536x1024.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!F09O!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, 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y2="14"></line></svg></button></div></div></div></a></figure></div><p>William Turkson (&#224; gauche) et Charles Ki&#233; (&#224; droite), les associ&#233;s de Genesis Capital.</p><p>Genesis Capital a r&#233;cemment structur&#233; une<mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);"> </mark><strong><mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);">obligation verte de 42,65 milliards FCFA (&#8776; 76M$)</mark></strong> dans l&#8217;UEMOA.</p><p>Points importants :</p><ul><li><p>premi&#232;re obligation verte priv&#233;e d&#8217;infrastructure &#233;nerg&#233;tique dans la zone</p></li><li><p>deal de financement de projet (donc tr&#232;s proche du <strong>project finance / infrastructure finance</strong>)</p></li><li><p>r&#244;le de structuration + lev&#233;e de fonds institutionnels</p></li><li><p>impact direct sur &#233;nergie / d&#233;veloppement &#233;conomique</p></li></ul><p>Retrouvez les d&#233;tails de l&#8217;op&#233;ration dans notre deal note : <a href="https://www.linkedin.com/feed/update/urn:li:activity:7452042148763385857">Genesis structure une obligation verte</a></p><h1>Notre conseil du mois : L&#8217;&#233;conomiste Abdoulaye NDIAYE sur la dette S&#233;n&#233;galaise</h1><p></p><p>Dans une r&#233;cente tribune publi&#233;e dans <em>Jeune Afrique</em>, l&#8217;&#233;conomiste Abdoulaye Ndiaye propose une lecture pragmatique de la crise de la dette que traverse actuellement le S&#233;n&#233;gal. Loin des oppositions traditionnelles entre souverainet&#233; &#233;conomique et institutions financi&#232;res internationales, il invite &#224; recentrer le d&#233;bat sur les fondamentaux de la gestion financi&#232;re publique.</p><p>Pour l&#8217;auteur, la premi&#232;re &#233;tape consiste &#224; &#233;tablir<mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);"> un diagnostic transparent et partag&#233; de la situation budg&#233;taire et de l&#8217;endettement du pays.</mark> La cr&#233;dibilit&#233; d&#8217;un &#201;tat repose avant tout sur la qualit&#233; et la fiabilit&#233; de l&#8217;information financi&#232;re qu&#8217;il communique &#224; ses citoyens, &#224; ses partenaires et aux investisseurs. Sans cette transparence, toute strat&#233;gie de redressement risque de manquer de l&#233;gitimit&#233; et d&#8217;efficacit&#233;.</p><p>La deuxi&#232;me priorit&#233; concerne <mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);">le r&#233;tablissement d&#8217;un dialogue constructif avec le Fonds mon&#233;taire international.</mark> Selon Abdoulaye Ndiaye, au-del&#224; des financements qu&#8217;il peut apporter, le FMI joue &#233;galement un r&#244;le de signal aupr&#232;s des march&#233;s internationaux. Un accord avec l&#8217;institution contribue souvent &#224; rassurer les investisseurs et &#224; am&#233;liorer les conditions de financement d&#8217;un pays, particuli&#232;rement dans un contexte o&#249; les besoins budg&#233;taires restent importants.</p><p>Enfin, l&#8217;&#233;conomiste estime que toutes les options doivent &#234;tre &#233;tudi&#233;es avec objectivit&#233;, y compris celle d&#8217;<mark data-color="#ffff00" style="background-color: rgb(255, 255, 0); color: rgb(0, 0, 0);">une restructuration de la dette si les analyses de soutenabilit&#233; le justifient.</mark> L&#8217;enjeu n&#8217;est pas de d&#233;fendre une solution par principe, mais d&#8217;&#233;valuer les co&#251;ts et les b&#233;n&#233;fices de chaque sc&#233;nario afin de pr&#233;server au mieux la stabilit&#233; &#233;conomique du pays.</p><p>Au-del&#224; du cas s&#233;n&#233;galais, cette r&#233;flexion met en lumi&#232;re un d&#233;fi auquel sont confront&#233;s de nombreux &#201;tats africains : concilier souverainet&#233; &#233;conomique, acc&#232;s aux financements internationaux et soutenabilit&#233; de la dette publique. Dans un environnement financier de plus en plus exigeant, la cr&#233;dibilit&#233; des institutions, la qualit&#233; de la gouvernance budg&#233;taire et la capacit&#233; &#224; maintenir la confiance des march&#233;s demeurent des actifs strat&#233;giques de premier ordre.</p><p>Lien : <a href="https://www.jeuneafrique.com/1799280/economie-entreprises/sortir-le-senegal-de-la-crise-de-la-dette-en-trois-points/">La tribune officielle d'Abdoulaye NDIAYE sur la dette s&#233;n&#233;galaise</a></p><h1>La vid&#233;o du mois : Jean-Luc Konan (PDG Cofina et Neemba) sur RFI</h1><div id="youtube2-u-_SxqdXKlg" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;u-_SxqdXKlg&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/u-_SxqdXKlg?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Financialivoire Newsletter - Mai 2026]]></title><description><![CDATA[Chiffre du mois]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-mai-2026</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-mai-2026</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Wed, 06 May 2026 06:37:01 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!kUPw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!kUPw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!kUPw!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!kUPw!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!kUPw!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg 1272w, 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/__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!kUPw!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F247bd7b4-09fb-4f07-8359-ab10fb38a62c_1300x1300.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" 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y2="14"></line></svg></button></div></div></div></a></figure></div><h1>Chiffre du mois</h1><p>L&#8217;agence Bloomfield Investment Corporation a r&#233;cemment confirm&#233; une &#233;valuation globalement <strong>positive mais nuanc&#233;e</strong> de la C&#244;te d&#8217;Ivoire :</p><ul><li><p><strong>Note souveraine long terme : A+ (perspective stable)</strong></p></li><li><p><strong>Note court terme : A2 (stable)</strong></p></li><li><p><strong>Score risque pays : 6,5 / 10 en 2026 &#8594; cat&#233;gorie &#8220;risque mod&#233;r&#233;&#8221;</strong></p></li></ul><p> En clair :</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><ul><li><p>Le pays reste <strong>Investment grade r&#233;gional</strong></p></li><li><p>Mais avec un niveau de risque encore <strong>non n&#233;gligeable</strong></p></li></ul><p><strong>Points positifs (bull case)</strong></p><ul><li><p>Croissance solide : ~6&#8211;7% ces derni&#232;res ann&#233;es</p></li><li><p>&#201;conomie diversifi&#233;e (industrie + services en hausse)</p></li><li><p>Hub UEMOA &#8594; forte attractivit&#233; r&#233;gionale</p></li></ul><p><strong>Points de vigilance (risk factor)</strong></p><ul><li><p>Dette publique en hausse (~58% du PIB)</p></li><li><p>Risques politiques et sociaux</p></li><li><p>D&#233;pendance encore partielle aux mati&#232;res premi&#232;res</p></li></ul><blockquote><p>La notation de Bloomfield confirme le positionnement de la C&#244;te d&#8217;Ivoire comme un march&#233; &#8216;core frontier&#8217; : suffisamment solide pour attirer le Private Equity.</p></blockquote><p></p><h1>La Banque d&#8217;affaires du mois :</h1><h1>Africa Link Capital </h1><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!ixoB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fabcb21d1-6d74-44fc-8a0e-b928c1eafb2c_1099x608.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!ixoB!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, 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/__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fabcb21d1-6d74-44fc-8a0e-b928c1eafb2c_1099x608.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!ixoB!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fabcb21d1-6d74-44fc-8a0e-b928c1eafb2c_1099x608.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!ixoB!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fabcb21d1-6d74-44fc-8a0e-b928c1eafb2c_1099x608.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!ixoB!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fabcb21d1-6d74-44fc-8a0e-b928c1eafb2c_1099x608.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Serges Diop (au milieu), Olivier Gui (&#224; droite), Jean-C Koudou (&#224; gauche) Image : Sika Finance.</p><ul><li><p>Fond&#233;e en <strong>2006 &#224; Abidjan</strong> par Serge Tidiane Diop</p></li><li><p><strong>20 ans d&#8217;existence en 2026</strong> &#8594; rare pour une banque d&#8217;affaires ind&#233;pendante en Afrique de l&#8217;Ouest</p></li><li><p>Pr&#233;sent&#233;e comme <strong>l&#8217;une des premi&#232;res banques d&#8217;affaires ind&#233;pendantes de l&#8217;UEMOA</strong></p></li></ul><h2>Deal r&#233;cent cl&#233; : Programme &#171; &#201;lectricit&#233; Pour Tous &#187; (PEPT)</h2><h3> <strong>Transaction</strong></h3><p>Africa Link Capital, via Africa Link Capital (ALC Titrisation), est <strong>au c&#339;ur de la structuration</strong> du fonds de titrisation :</p><p> <strong>FCTC &#8220;&#201;lectricit&#233; Pour Tous 2025&#8211;2040&#8221;</strong></p><div><hr></div><h3> <strong>Chiffres cl&#233;s</strong></h3><ul><li><p><strong>Montant : 60 milliards FCFA (~100M$)</strong></p></li><li><p><strong>Total programme (2 phases) : 120 milliards FCFA</strong></p></li><li><p><strong>3 tranches obligataires</strong> :</p><ul><li><p>7 ans</p></li><li><p>10 ans</p></li><li><p>15 ans</p></li></ul></li></ul><h1>Notre Conseil du Mois</h1><p>Dynamique d&#8217;investissement (Private Capital) Agribusiness en Ouest Afrique Francophone. (Analyse des 50 derni&#232;res transactions)<br>Rapport co-&#233;dit&#233; par Financialivoire et <strong><a href="https://www.linkedin.com/company/akinia/">Akinia</a></strong> (plateforme d&#8217;intelligence &#233;conomique, sp&#233;cialiste de l&#8217;agr&#233;gation et l&#8217;analyse de donn&#233;es sur le capital priv&#233; africain. Elle sert d&#8217;outil aux banquiers d&#8217;affaires et investisseurs du continent). Lien ci dessous.</p><p><a href="https://www.linkedin.com/posts/financialivoire_dynamique-dinvestissement-agribusiness-activity-7452031840128856064-Noua?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACvtoYcBucf_kqQB3ewJTWLtSqTdiy3CURg">Dynamique d'investissement Agribusiness Ouest Afrique Francophone</a></p><h1>Podcast du mois : Maryse Lokossou, Directrice G&#233;n&#233;rale de la caisse des d&#233;p&#244;ts et de consignations (CDC) du B&#233;nin</h1><p>Lien : <a href="https://www.linkedin.com/safety/go/?url=https%3A%2F%2Furls.fr%2F1RaFol&amp;urlhash=hw_-&amp;mt=Khx6QNUJu1xWlGBLrw9kxorswliuqidjyn62jK6lxrMehaO3RZ6--xTXUVSrI7Fg3F8MFWteVn11atff-FMGceVhZ0gMAuxoVm-3CwIjBfcTVrhXgKrxtt8Tvw&amp;isSdui=true&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3Byt0mXLgbRhi3gxnrUkJXjw%3D%3D">Entretien avec Mme Lokossou</a></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!bBnu!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7085998-2740-4ad5-aaae-714b595e5a34_946x955.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!bBnu!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7085998-2740-4ad5-aaae-714b595e5a34_946x955.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!bBnu!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, 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y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Financialivoire Newsletter - Avril 2026]]></title><description><![CDATA[Le mois d&#8217;avril 2026 confirme une tendance d&#233;j&#224; perceptible depuis le d&#233;but de l&#8217;ann&#233;e :]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-avril</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-avril</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Fri, 03 Apr 2026 07:23:59 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!P_oz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e05767a-9b8d-4f0a-b984-4961b3edb24f_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!P_oz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e05767a-9b8d-4f0a-b984-4961b3edb24f_1300x1300.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!P_oz!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, 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/__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e05767a-9b8d-4f0a-b984-4961b3edb24f_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!P_oz!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e05767a-9b8d-4f0a-b984-4961b3edb24f_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!P_oz!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e05767a-9b8d-4f0a-b984-4961b3edb24f_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!P_oz!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e05767a-9b8d-4f0a-b984-4961b3edb24f_1300x1300.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h5>Le mois d&#8217;avril 2026 confirme une tendance d&#233;j&#224; perceptible depuis le d&#233;but de l&#8217;ann&#233;e :<br>le march&#233; du M&amp;A et du Private Equity en Afrique de l&#8217;Ouest francophone &#233;volue vers une phase de s&#233;lectivit&#233; accrue et de structuration progressive.</h5><p>Dans un environnement marqu&#233; par :</p><ul><li><p>des contraintes de financement persistantes</p></li><li><p>une mont&#233;e des acteurs locaux</p></li><li><p>une red&#233;finition des priorit&#233;s sectorielles</p></li></ul><h1>Chiffre du mois </h1><h2><strong>180 millions de dollars</strong></h2><p>C&#8217;est le montant lev&#233; par Adenia Partners pour son dernier fonds.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><div><hr></div><h3> Pourquoi ce chiffre est important</h3><ul><li><p> <strong>Signal fort pour l&#8217;Afrique de l&#8217;Ouest francophone</strong><br>Adenia est historiquement actif en C&#244;te d&#8217;Ivoire et au S&#233;n&#233;gal<br> donc une partie de ce capital pourrait &#234;tre d&#233;ploy&#233;e dans la zone UEMOA</p></li><li><p><strong>Dry powder disponible = deals &#224; venir</strong><br>Ce capital doit &#234;tre investi &#8594; pipeline M&amp;A quasi certain sur 12&#8211;24 mois</p></li><li><p><strong>C&#339;ur de march&#233; : mid-market africain</strong><br>typiquement des deals entre <strong>10 et 50 M$</strong></p></li></ul><p></p><h1><strong>La Banque d&#8217;affaires du mois : Invictus Capital &amp; Finance</strong></h1><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!MheG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!MheG!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg" width="1280" height="853" 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/__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!MheG!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff6d1048d-305f-4c0f-9419-300f7eb3db8f_1280x853.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Isaac Mbaye le DG de Invictus Capital &amp; Finance recevant le prix du meilleur arrangeur lors des BRVM Awards le 27 mars 2026 &#224; Dakar.</p><p>Invictus Capital &amp; Finance tr&#232;s r&#233;cemment a &#233;t&#233; impliqu&#233; dans une lev&#233;e obligataire record (416 milliards de FCFA) sur le march&#233; r&#233;gional Ouest Africain (BRVM). Vous pouvez voir le d&#233;tail de l&#8217;op&#233;ration (Chiffres Cl&#233;s) au travers de notre Deal Note (lien ci-dessous). </p><p><a href="https://www.linkedin.com/posts/financialivoire_bond-deal-record-invictus-capital-activity-7438517174228496384-1exl?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAACvtoYcBucf_kqQB3ewJTWLtSqTdiy3CURg">Analyse Financialivoire Invictus Capital &amp; Finance.</a></p><h1><strong>Notre Conseil du mois</strong> </h1><p><strong>En Occident, l&#8217;IA supprime des emplois juniors. En Afrique, elle peut faire l&#8217;inverse.</strong></p><p>Soyons honn&#234;tes, les chiffres font peur. Certaines banques internationales ont r&#233;duit leur recrutement junior de 66%. Un analyste &#233;quip&#233; d&#8217;IA fait d&#233;sormais le travail de cinq. En Europe, les moins de 30 ans perdent des postes non pas parce qu&#8217;ils sont vir&#233;s mais parce qu&#8217;on ne les embauche plus.</p><p>Sauf que ce r&#233;cit, il s&#8217;&#233;crit depuis Londres ou New York. Pas depuis Abidjan, Dakar ou encore Lagos.</p><p><strong>L&#8217;Afrique n&#8217;a pas les m&#234;mes contraintes</strong></p><p>L&#224;-bas, l&#8217;IA remplace des postes qui existaient depuis 30 ans. Ici, elle arrive avant que ces postes ne se structurent vraiment. C&#8217;est une chance immense et souvent sous-estim&#233;e.</p><p>Le march&#233; IA en Afrique va tripler d&#8217;ici 2030, passant de 4,5 &#224; 16,5 milliards de dollars selon Mastercard. McKinsey chiffre le potentiel &#224; 103 milliards de valeur &#233;conomique par an. Et 230 millions d&#8217;emplois num&#233;riques pourraient &#234;tre cr&#233;&#233;s en Afrique subsaharienne d&#8217;ici l&#224;.</p><p><strong>La vraie menace ? Ne pas s&#8217;y mettre.</strong></p><p>Un professionnel africain qui ma&#238;trise l&#8217;IA aujourd&#8217;hui ne concourt plus seulement avec ses pairs locaux. Il joue dans la cour mondiale. Avec un avantage : il arrive sur un march&#233; vierge, avec des besoins r&#233;els et 60% des terres arables de la plan&#232;te &#224; optimiser sans les h&#233;ritages qui ralentissent l&#8217;Occident.</p><p>L&#8217;&#226;ge m&#233;dian en Afrique est de 19 ans. Ce n&#8217;est pas un d&#233;fi d&#233;mographique. C&#8217;est le carburant d&#8217;une r&#233;volution qui reste enti&#232;rement &#224; &#233;crire.<br><br>Dans un domaine qui &#233;volue aussi vite, rester inform&#233; n&#8217;est plus optionnel. C&#8217;est pour &#231;a que Findfi est n&#233; d&#233;crypter chaque semaine l&#8217;IA appliqu&#233;e aux m&#233;tiers de la finance et de la strat&#233;gie.</p><p> La newsletter Findfi :https://findfi.beehiiv.com/</p><p>Suivre Findfi sur LinkedIn :<a href="https://www.linkedin.com/company/findfi/?viewAsMember=true">FINDFI : Pr&#233;sentation | LinkedIn</a></p><h1><strong>La Vid&#233;o du mois : Comprendre les financements structur&#233;s</strong></h1><p></p><div id="youtube2-Cg37fSLIPQw" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;Cg37fSLIPQw&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/Cg37fSLIPQw?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><h1>Global Insight avec Amir Fall</h1><p>La remont&#233;e des taux d&#8217;int&#233;r&#234;t aux &#201;tats-Unis continue de peser sur les lev&#233;es de fonds en private equity.</p><p>Cette dynamique se traduit en Afrique par une s&#233;lectivit&#233; accrue des investisseurs et une pression sur les valorisations, notamment dans le mid-market.</p><p>Le choc du Golfe : l&#8217;impact d&#8217;une guerre sur l&#8217;&#233;conomie mondiale<br>Le 28 f&#233;vrier, les &#201;tats-Unis et Isra&#235;l frappent l&#8217;Iran. T&#233;h&#233;ran riposte en fermant le d&#233;troit d&#8217;Ormuz, 1/5 du p&#233;trole mondial bloqu&#233;. Les cons&#233;quences sont imm&#233;diates sur quatre secteurs.<br>Aviation: Emirates et Qatar Airways sont quasi &#224; l&#8217;arr&#234;t. Billets en hausse, passagers bloqu&#233;s, k&#233;ros&#232;ne qui s&#8217;envole.<br>Agroalimentaire: Les engrais (soufre, ur&#233;e, phosphate) bondissent de 30 &#224; 40 %. L&#8217;Afrique, grande importatrice, est en premi&#232;re ligne.<br>Transport maritime: Les routes Asie&#8211;Afrique et Asie&#8211;Europe sont redirig&#233;es via le contournement de l&#8217;Afrique. D&#233;lais et co&#251;ts explosent.<br>Technologie: Le site d&#8217;h&#233;lium de Ras Laffan au Qatar est endommag&#233;, 1/3 de l&#8217;approvisionnement mondial en moins, mena&#231;ant puces et &#233;quipements m&#233;dicaux.<br>Le FMI est sans d&#233;tour : prix plus &#233;lev&#233;s, croissance plus lente et l&#8217;Afrique parmi les plus expos&#233;es.</p><p>Financialivoire est pr&#233;sent sur tout les r&#233;seaux sociaux : Facebook, X (Twitter), Instagram, LinkedIn. / Mail : info@financialivoire.com / Site internet : www.financialivoire.com</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Comprendre le fonctionnement d'un fonds d'investissement (fonds de private equity) en français facile par notre fondateur Bonny Wann.]]></title><link>https://financialivoire.substack.com/p/comprendre-le-fonctionnement-dun</link><guid isPermaLink="false">https://financialivoire.substack.com/p/comprendre-le-fonctionnement-dun</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Mon, 09 Mar 2026 09:20:24 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/190368160/4bae15c94b802a166dd081af7ef906c7.mp3" length="0" type="audio/mpeg"/><content:encoded><![CDATA[<p></p>]]></content:encoded></item><item><title><![CDATA[📰 Financialivoire Newsletter – Mars 2026]]></title><description><![CDATA[Mot d&#8217;introduction]]></description><link>https://financialivoire.substack.com/p/financialivoire-newsletter-mars-2026</link><guid isPermaLink="false">https://financialivoire.substack.com/p/financialivoire-newsletter-mars-2026</guid><dc:creator><![CDATA[Financialivoire]]></dc:creator><pubDate>Mon, 09 Mar 2026 09:01:48 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!hZ_R!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!hZ_R!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!hZ_R!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg" width="1300" height="1300" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/da55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1300,&quot;width&quot;:1300,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:55891,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://financialivoire.substack.com/i/190362960?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!hZ_R!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fda55ebd2-9f07-4087-aa28-2ea2efc54b58_1300x1300.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Le mois de mars s&#8217;ouvre dans un contexte &#233;conomique marqu&#233; par des transformations rapides des march&#233;s africains. Entre recompositions sectorielles, mont&#233;e en puissance des investissements strat&#233;giques et enjeux li&#233;s aux ressources naturelles, les opportunit&#233;s pour les acteurs &#233;conomiques se multiplient.</p><p>&#192; travers cette newsletter, <strong>Financialivoire, m&#233;dia de recherche financier sp&#233;cialiste de la banque d&#8217;affaires (M&amp;A) et Fonds d&#8217;investissement (PE&amp;VC) d&#233;crypte les tendances &#233;conomiques et financi&#232;res qui fa&#231;onnent l&#8217;Afrique d&#8217;aujourd&#8217;hui et de demain.</strong></p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! Abonnez-vous gratuitement pour recevoir de nouveaux posts et soutenir mon travail.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Tapez votre e-mail&#8230;" tabindex="-1"><input type="submit" class="button primary" value="S'abonner"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p></p><p><em><strong>DOSSONGUI,SOUKPAFOLO,NASSA ET TIEMTORE, CES &#8220;WESTAF&#8221; QUI FONT LES BONNES AFFAIRES.</strong></em></p><h2>Kon&#233; Dossongui &#8211; Expansion dans le secteur minier</h2><p><strong>Acquisition de la mine d&#8217;or de Tongon (C&#244;te d&#8217;Ivoire)</strong></p><ul><li><p>Acqu&#233;reur : <strong>Atlantic Group / AFG Holding</strong></p></li><li><p>Vendeur : <strong>Barrick Mining Corporation</strong></p></li><li><p>Secteur : <strong>mines / or</strong></p></li><li><p>Montant estim&#233; : environ <strong>305 millions $</strong></p></li><li><p>Financement : ~150 millions $ via <strong>Appian Capital Advisory</strong></p></li></ul><p>Cette op&#233;ration marque <strong>l&#8217;entr&#233;e d&#8217;Atlantic Group dans l&#8217;industrie aurif&#232;re</strong> et fait de Dossongui l&#8217;un des principaux acteurs ivoiriens du secteur minier.</p><h2>Kon&#233; Daouda Soukpafolo &#8211; Acquisition d&#8217;Uniwax</h2><p><strong>Rachat majoritaire d&#8217;Uniwax</strong></p><ul><li><p>Acqu&#233;reur : <strong>COIC &#8211; Compagnie ivoirienne de coton</strong></p></li><li><p>Cible : <strong>Uniwax</strong></p></li><li><p>Secteur : <strong>textile / industrie</strong></p></li><li><p>March&#233; : entreprise <strong>cot&#233;e &#224; la BRVM</strong></p></li></ul><p>L&#8217;op&#233;ration permet au groupe de Soukpafolo de <strong>contr&#244;ler la cha&#238;ne de valeur du coton jusqu&#8217;au textile</strong>, renfor&#231;ant l&#8217;int&#233;gration industrielle ivoirienne.</p><h2>Idrissa Nassa &#8211; Acquisition Bancaire</h2><p><strong>Deal : Acquisition au Cap-Vert</strong></p><ul><li><p><strong>Acqu&#233;reur :</strong> Coris Bank International</p></li><li><p><strong>Banque rachet&#233;e :</strong> Banco Caixa Econ&#243;mica de Cabo Verde (participation majoritaire dans la banque d&#8217;investissement li&#233;e au groupe).</p></li><li><p><strong>Pays :</strong> Cap&#8209;Vert</p></li><li><p><strong>Objectif :</strong> s&#8217;implanter dans l&#8217;Atlantique et renforcer la pr&#233;sence internationale du groupe.</p></li></ul><h2>Simon Tiemtore &#8211; Acquisition Bancaire</h2><h3>Acquisition et transformation de banques africaines</h3><p>Groupe : <strong>Vista Group Holding</strong></p><p>Derniers deals majeurs :</p><ul><li><p>acquisition des filiales africaines de <strong>BNP Paribas</strong></p></li><li><p>d&#233;veloppement de <strong>Vista Bank</strong></p></li></ul><p>Pays concern&#233;s :</p><ul><li><p>Burkina Faso</p></li><li><p>Guin&#233;e</p></li><li><p>Gambie</p></li><li><p>Sierra Leone</p></li></ul><p><strong>Strat&#233;gie : </strong>Racheter des <strong>actifs bancaires abandonn&#233;s par les groupes europ&#233;ens</strong> et construire un r&#233;seau bancaire africain.</p><p></p><p><em><strong>LA BANQUE D&#8217;AFFAIRES DU MOIS : KEYSFINANCE PARTNERS</strong></em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!sBrf!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:653,&quot;width&quot;:980,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:104768,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://financialivoire.substack.com/i/190362960?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!sBrf!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8275bbe3-510b-4f4c-aa7e-2983dbe026c2_980x653.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Les Associ&#233;s Joel Cadier et Jean Michel Ette lors de la c&#233;l&#233;bration des 10 ans de la banque en 2025.</p><p>La banque a conseill&#233; dans des deals majeurs tels que : </p><ul><li><p>Petroci dans un un financement de 300 millions de Dollars USD</p></li><li><p>Harvest dans l&#8217;acquisition de Versus Bank</p></li><li><p>Ouverture du capital de SIPRA &#224; NORFUND ( 20 millions d&#8217;Euros)</p></li><li><p>Cession des participations d&#8217;Alios Finance en Cote d&#8217;ivoire, Cameroun et Gabon</p></li></ul><p></p><p>La Vid&#233;o du mois</p><p><a href="https://youtu.be/sNBskrEo6Es?si=V8StlBpdi2w6HdZl">Diner autour de l'intelligence &#233;conomique.</a></p><p></p><p>Stanislas Z&#233;z&#233; : PDG Bloomfield Group, Youssou Carius : DG Pulsar Partners, Cynthia Niamouti&#233; : DG Cilagri, Kahi Lumumba : DG Totem Experience, Moulaye Tabour&#233; : Founder Anka.</p><p></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!1kuU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!1kuU!, /__u/financialivoire.substack.com/w_424, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg 424w, /__u/substackcdn.com/image/fetch/$s_!1kuU!, /__u/financialivoire.substack.com/w_848, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg 848w, /__u/substackcdn.com/image/fetch/$s_!1kuU!, /__u/financialivoire.substack.com/w_1272, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!1kuU!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_webp, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!1kuU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg" width="1170" height="1493" 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/__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg 1272w, /__u/substackcdn.com/image/fetch/$s_!1kuU!, /__u/financialivoire.substack.com/w_1456, /__u/financialivoire.substack.com/c_limit, /__u/financialivoire.substack.com/f_auto, /__u/financialivoire.substack.com/q_auto:good, /__u/financialivoire.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17c6a161-4527-42d8-b71f-6d809a6999e9_1170x1493.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><p><em><strong>A lire :</strong></em></p><p><a href="https://www.financialivoire.com/post/le-risque-africain-est-il-mal-pric&#233;-ou-mal-structur&#233;">Le risque africain est-il mal pric&#233; ou mal structur&#233; ? Par le banquier d&#8217;affaires Seyimi Ahouandogbo. </a></p><p><a href="https://www.financialivoire.com/post/comment-se-structurent-les-op&#233;rations-de-m-a-chez-infinity-africa-capital">Comment se structurent les op&#233;rations de M&amp;A chez Infinity Africa Capital ?</a></p><p><em><strong>Chiffre du Mois :</strong></em></p><p>La BCEAO baisse son taux directeur &#224; 3 % afin de stimuler l'activit&#233; &#233;conomique r&#233;gionale. La Banque Centrale des &#201;tats de l'Afrique de l'Ouest (BCEAO) a accentu&#233; l'orientation accommodante de sa politique mon&#233;taire en abaissant ses principaux taux directeurs &#224; l'issue de la premi&#232;re session 2026 de son Comit&#233; de politique mon&#233;taire (CPM), tenue le 4 mars &#224; Dakar. Une d&#233;cision qui, selon le Gouverneur Jean-Claude Kassi Brou, s'inscrit dans un contexte macro&#233;conomique marqu&#233; par une inflation ma&#238;tris&#233;e et une croissance robuste.</p><p><em><strong>Notre Conseil :</strong></em></p><p><a href="https://www.linkedin.com/feed/update/urn:li:activity:7403594271561330689">Comprendre le fonctionnement d&#8217;un Fonds d&#8217;investissement (fonds de private equity) en &#8220;Fran&#231;ais Facile&#8221; par notre fondateur Bonny Wann.</a></p><p></p><p>Financialivoire est pr&#233;sent sur tout les r&#233;seaux sociaux : Facebook, X (Twitter), Instagram, LinkedIn. / Mail : info@financialivoire.com / Site internet : www.financialivoire.com</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://financialivoire.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;S'abonner&quot;,&quot;language&quot;:&quot;fr&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Merci d'avoir lu Financialivoire Insights ! 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