Author: Albert Savana

At the end of the first half of 2026, the revenue of the Multinational Bitumen Company (SMB), specialized in the production, processing, storage, and marketing of bitumen, recorded a decline of 6.163 billion FCFA (10.478 million dollars) compared to the same period in the 2025 fiscal year, announced the leaders of this company based in...

Following a simultaneous auction issuance of Treasury bonds (BAT) with a maturity of 364 days and Treasury obligations (OAT) with maturities of 3, 5, and 7 years organized on Tuesday, November 3, 2026, in the financial market of the West African Monetary Union (UMOA), the State of Côte d’Ivoire, through its Directorate General of Financing...

The meteoric rise of Abdul El-Sayed captivates us from Libreville, Dakar, and Casablanca. Seeing this 41-year-old American physician of Egyptian descent passionately advocate for universal healthcare and generate such popular enthusiasm is truly fascinating. On this November 3rd, the day of the American midterm elections, this man could become the first Muslim elected to the...

The profit of the International Bank for Commerce and Industry of Côte d’Ivoire (BICICI), 67.49% controlled by the consortium National Investment Bank (BNI), National Social Security Fund (CNPS), General Retirement Fund for State Agents (IPS-CGRAE), and the Côte d’Ivoire Deposits and Consignments Fund (CDC-CI), recorded a 15% increase in the third quarter of 2026 compared...

At the end of the first half of 2026, the revenue of TotalEnergies Marketing Senegal, a subsidiary of the multinational TotalEnergies, recorded a decrease of 25.540 billion FCFA (43.418 million dollars) compared to the same period in the fiscal year 2025, announced the leaders of this Dakar-based company. This revenue indeed stood at 209.357 billion...

At the end of the third quarter of 2026, the profit of Ecobank Côte d’Ivoire, a subsidiary of the pan-African banking group of the same name, recorded a decrease of 12.3% compared to the same period in the 2025 financial year, announced the leaders of this banking institution based in Abidjan. This profit amounted to...

The overall semi-annual result for the first half of 2026 from the 65 out of 75 companies listed on the Tunis Stock Exchange (BVMT) recorded an increase of 7.7% compared to the same period in 2025, according to the final report established by the leaders of this stock exchange based on the semi-annual financial statements...

:** By conducting its first bond issuance in Moroccan dirhams, the African Development Bank (AfDB) takes a significant step in its strategy to finance in local currencies. Beyond the one billion dirhams mobilized, the operation opens up a major perspective: financing African economies in their own currencies, reducing their exposure to the dollar and euro,...

Deteriorated roads, power outages, tax pressure, payment arrears, judicial and land insecurity: the president of the Cameroon Business Group (GECAM) delivered a harsh diagnosis of the Cameroonian economy before Prime Minister Joseph Dion Ngute. During the Cameroon Business Forum, held on October 22 and 23, 2026, in Douala, the business leader denounced the inability to...

The consolidated profit of the Sonatel Group (National Telecommunications Company of Senegal), which includes subsidiaries in Mali, Guinea, Guinea-Bissau, and Sierra Leone, recorded a 13% increase at the end of the third quarter of 2026 compared to the same period of the 2025 fiscal year, announced the leaders of this telecommunications company based in Dakar...

:** The sanction is severe for Senegal. On Thursday, October 29, 2026, Moody’s downgraded the country’s sovereign rating for the fifth consecutive time, lowering its foreign currency rating from “Caa2” to “Ca,” a level close to default on the agency’s scale. This new downgrade comes at the worst possible time for Dakar, as the government...

The consolidated turnover of the COSUMAR group (Moroccan Sugar Company and Refining), specialized in sugar extraction, refining, and packaging, recorded a decrease of 10.02% at the end of the first half of 2026 compared to the same period of the 2025 fiscal year, announced the leaders of this company based in Casablanca. The consolidated financial statements as of June 30, 2026, which were subject to limited review by the auditors, showed a turnover of 4.824 billion dirhams (482,490 million dollars) compared to 5.362 billion dirhams (536,220 million dollars) as of June 30, 2025. Other operating income amounted to 1.498 billion…

At the end of a simultaneous auction of treasury bills (BAT) with a maturity of 364 days and treasury bonds (OAT) with maturities of 3, 5, and 7 years organized on Tuesday, October 20, 2026 at the West African Monetary Union (UMOA) financial market, the State of Ivory Coast, through its General Directorate of Financing (DGF), awarded 93.499 billion CFA francs (159 million dollars). The amount put up for auction by the issuer was 85 billion CFA francs. In response, investors submitted a total of 138.586 billion CFA francs, representing a coverage rate of 163.04% of the amount put up…

Vista Bank Group announced, on October 19, 2026 in Bangkok, the official launch of Vista Bank France, presented as its first banking establishment outside of the African continent. The announcement comes during the Annual Meetings of the International Monetary Fund and the World Bank, which took place in Thailand from October 12 to 18. With...

Over the next ten to fifteen years, 1.2 billion young people will enter the global labor market, while only 400 million jobs are expected to be created. A potential deficit of 800 million positions was revealed on October 16, 2026 by Ajay Banga, President of the World Bank Group, during the plenary session of the...

d of the first half of 2026, the after-tax profit of the Tunisian company ENNAKL Automobiles, importer of a number of European and Asian automotive brands and listed on the Tunis and Casablanca stock exchanges, recorded a decrease of 9.20% compared to the same period of the 2025 financial year, announced the leaders of this...

The Mauritian justice system rejected a new request for release on bail from Malagasy businessman Mamy Ravatomanga on Monday, October 12, 2026. Detained for nearly a year on three provisional charges, Mamy Ravatomanga intends to challenge this decision before the Supreme Court. Mamy Ravatomanga remains in prison in Mauritius. The Bail and Remand Court refused...

“In the first half of 2026, the net banking income (NBI) of Salafin S.A, a subsidiary of the Moroccan banking group BMCE specializing in consumer financing and credit, recorded a 2.2% increase compared to the same period of the 2025 fiscal year, announced the leaders of this structure based in Casablanca. According to the semi-annual...

d of the first half of 2026, the consolidated revenue of Maghreb Oxygène S.A, specialized in the production, packaging, and marketing of industrial, medical, food, and specialty gases, recorded an 8.47% increase compared to the same period in 2025, announced the leaders of this company based in Casablanca. This announcement follows the Board of Directors...

At the end of the first half of 2026, the net banking income of Saham Bank S.A, a member of the banking group of the same name, increased by 8.5% compared to the same period in 2025, announced the leaders of this banking institution based in Casablanca. This announcement follows the meeting of the Bank’s...

At the end of the first half of 2026, the net banking income of Saham Bank S.A, a member of the banking group of the same name, recorded an 8.5% increase compared to the same period of the 2025 fiscal year, announced the leaders of this banking institution based in Casablanca. This announcement follows the...

In Madagascar, mobile internet is at a major turning point. With wide network coverage, supported by decades of telecommunications industry investments, the country has a strong technological foundation. However, access to the internet remains limited and not easily accessible for a significant portion of the population. While the Electronic Communications Bill No. 040/2026 is seen as a decisive step to modernize the sector, what are the urgent structural reforms needed to transform this connectivity into a true lever for digital inclusion? Digital taxation, the main barrier to overcome The barrier to entry lies not in a lack of infrastructure, but…

At the end of the first half of 2026, the net banking income (NBI) of Bank Of Africa (BOA) Côte d’Ivoire, a subsidiary of the Moroccan banking group BMCE, recorded a slight increase of 1.5% compared to the same period in the 2025 fiscal year, announced the leaders of this banking institution based in Abidjan...

At the end of the first half of 2026, the consolidated net banking income (NBI) of the Crédit Agricole du Maroc (CAM) group, a universal bank controlled 75.2% by the Moroccan State, recorded a decrease of 24.41% compared to the same period of the 2025 fiscal year, announced the leaders of this banking institution based...

“In order to meet the financing needs of the State budget of Mali, the General Directorate of the Treasury and Public Accounting (DGTCP) of this country raised an amount of 38.231 billion FCFA (68.815 million dollars) on the West African Monetary Union (UMOA) financial market on Wednesday, September 30, 2026, through a simultaneous auction of...

At the end of a simultaneous auction of Treasury assimilable bonds (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) of 3, 5 and 7 years organized on Tuesday, September 29, 2026 at the West African Monetary Union (UMOA) financial market, the State of Ivory Coast, through its General Directorate of Finance...

d of the first half of 2026, the consolidated net profit of Holcim Morocco, a leading company in the cement sector in the Kingdom of Morocco, recorded an 8.1% decrease compared to the same period in 2025, announced the leaders of this company based in Casablanca. The consolidated accounts approved by the Board of Directors...

The Ontario court paves the way for a class action lawsuit against Endeavour Mining Plc following revelations related to the management of its former CEO, Sébastien de Montessus. In a decision rendered on August 31, 2026, the Ontario Superior Court of Justice granted the plaintiff investors permission to pursue their action under the Ontario Securities Act and certified the case as a class action. The case pits two investors, Alan Newsome and Carson Wong, against Endeavour Mining Plc, Endeavour Mining Corporation, as well as several former executives and directors, including Sébastien de Montessus, Guy Young, Joanna Pearson, and members of…

The departure of the FLNG Hilli Episeyo in early August 2026 has deprived Cameroon of around 2,000 tonnes of locally produced domestic gas per month, equivalent to 24,000 tonnes a year. The shutdown of operations at Bipaga, near Kribi, has removed a source of supply that had contributed to meeting the country’s LPG needs. The...

S&P Global Ratings maintains Cameroon’s sovereign rating at “B-/B” with a stable outlook. However, behind this displayed stability, the agency identifies the issue of succession at the top of the state as a major risk factor that could influence the country’s economic and institutional trajectory. S&P Global Ratings confirmed on September 18, 2026, Cameroon’s sovereign...