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Business Last Updated: Dec 1, 2016 - 10:59:05 AM


Unending issues for Bollore in France and Africa
By Ecofin, 30 November 2016
Dec 1, 2016 - 10:58:02 AM

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Problems keep raining down on Bolloré, the French transportation and logistics group. After the train derailment in Cameroon involving its subsidiary, the group received multiple complaints in the French media industry, lawsuits in the Conakry port case, amid protests from employees in Cameroon and a slumping turnover.

On December 1, 2016, the Versailles Court will study the Conakry port case and decide if Bolloré had in any manner tried to outrun its rival for the contract, after President Alpha Condé was elected in 2011. The French conglomerate was previously ordered in first sentence to pay Necotrans a €2.1 million.

In Cameroon, an investigation was opened for the train crash involving Camrail, Bolloré’s subsidiary, in which 79 people died and hundreds were injured, in Eseka last October 21. The investigation report is now with President Paul Biya. According to France 24, the accident was caused by a train overload and the lack in maintenance of the break system. Other sources however talk about over-speeding. Waiting for the official version, the families of the victims are meeting with their lawyers to sue Camrail.

Meanwhile, the group’s turnover slumped by 10% in Q3 2016 as its transportation and logistics business – from which it gets more than 55% of its revenues - was negatively affected by the fall in oil prices and slowing international trade.

In addition to these, 25 journalists from the French tv channel i-Télé left the station following a conflict that lasted more than month. Overall, 70 journalists, that is 60% of the channel’s staff should leave because they believe their independence to be threatened under Bolloré’s authority.

On C8, another TV station owned by the group, Cyril Hanouna, Vincent Bolloré’s favorite host, might by sanctioned by the regulatory organ, accused of sexual abuse at the station. The show which has most of the channel’s audience is also threatened to be suspended.

In Abidjan, the Cour commune de justice et d’arbitrage (CCJA) recently ruled in the favor of Burkinabe businessman Pangueba Mohamed Sogli in a commercial conflict with the French group.

Few days ago, Cameroonian employees of the firm’s palm tree and rubber tree plantations went on strike demanding for better working and living standards, estimating that the firms’ they work for make more than enough profits to meet their demands.

Last but not least, on November 19, many associations and non-governmental organizations organized in Paris an “anti-Bolloré march” denouncing the Bolloré’s “social irresponsibility”.


Source:Ocnus.net 2016

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