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AFRICA'S
NEW FRANCOPHONE FINANCIAL NEWSPAPER
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While
Africa possesses an immense economic potential as a developing continent
and a diaspora that earns more than 20 billion Euros per year, over
the years the availability of financial information relevant to the
continent has remained scarce. Against this background, a group of
African, French and Swiss investors have launched Les Afriques, a
new francophone financial journal that aims to fill the gap in financial
news on Africa. Les Afriques, a weekly newspaper put on page in Geneva
and printed in Paris, addresses all the actors of the African economy
as well as some of the 10 million Europeans originating from Africa,
of which more than 20 percent are university educated. Distributed
in Africa and Europe to a francophone public by Nouvelles Messageries
de la Presse Parisienne (NMPP), the first issue of Les Afriques was
supported by BNP Paribas, Credit Suisse, Osmose Finance, Dunavant,
SGI Consulting SA, Cotecna, and Salon International Multisectoriel
d’Abomey (SMA).
The first edition
of the newspaper, which is available through August in kiosks is printed
in a Berliner format and on salmon colored paper. As of September
2007, issues will appear every Wednesday. "The need for financial
information in French is obvious. Africa is experiencing not only
full economic change but also political change. The private sector
plays an increasing role in this process and information is necessary
and essential not only to political circles in Africa but to all Africans.
It is thus logical to collect relevant information and to place it
at the disposal of all actors in Africa today," Wade said.
The direction of
Les Afriques is coordinated between three offices in Africa, each
overseeing its own specialized topic. An office in Casablanca, where
African derived products first appear on the stock exchange, directs
Finance, while the office in Algiers oversees Economics and Politics,
leaving Public Management and Cooperation to be directed in Dakar.
Additional offices in other African countries will be set up in September.
The direction of Les Afriques says that such a structure offers a
solid network of correspondents and experts in finance and economics
both in Africa and abroad.
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