Author: Albert Savana

“The Ivorian Water Distribution Company (SODECI), a company of the ERANOVE group, started the 2026 fiscal year on a positive note by achieving a 118% increase in after-tax profit in the first quarter of 2026 compared to the same period in 2025, announced the leaders of this company based in Abidjan. The activity report established...

At the end of the 2025 financial year, the consolidated profit of the Tunisian group CARTE (Tuniso-European Insurance and Reinsurance Company), composed of 20 companies operating in various sectors, recorded a 30% decrease compared to the 2024 financial year, announced the leaders of this entity based in Tunis. This profit amounted to 32.124 million dinars...

The results of Tunisia’s trade with the outside world at current prices, established by the National Institute of Statistics (INS) based in Tunis, indicate a widening of the trade deficit by 2.049 billion dinars ($697 million) during the first five months of the year 2026 compared to the same period in 2025. This trade deficit...

The economic world is turning its eyes to Washington. This Wednesday, the Federal Reserve must announce its monetary policy decision at 8:00 p.m. (Paris time), before the highly anticipated first press conference of its new president, Kevin Warsh, scheduled for 8:30 p.m. According to the consensus of economists and markets, the Fed is expected to...

Africa is home to nearly 30 million people who rely on two and three-wheeled vehicles to make a living. However, less than 200,000 of these vehicles are currently electric. While the economic arguments in favor of electrification are becoming increasingly convincing, a major obstacle remains: the limited availability of vehicles designed to meet African realities. A new partnership between Shell Foundation, the Foreign, Commonwealth & Development Office (FCDO) of the UK, and Indian manufacturer Kinetic Green aims to address this challenge by testing electric models in local conditions and producing evidence to encourage future investments. A market where demand is…

The Togolese State, through its Public Treasury, bolstered its budget by 38.5 billion CFA francs (69.3 million dollars) following 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 held on Friday, June 12, 2026 on the financial market of...

For the fiscal year 2025, Palm Côte d’Ivoire, a company specialized in the production and commercialization of crude palm oil and its derivatives, will pay its shareholders a gross total dividend of 7.754 billion CFA francs (13.957 million dollars) on Monday, June 29, 2026, as announced by the leaders of the Regional Stock Exchange (BRVM)...

The issue of local financing for the mining sector was at the heart of a high-level meeting organized on June 9, 2026 in Abidjan by the Regional Stock Exchange (BRVM) and the Canada Côte d’Ivoire Chamber of Commerce (CCCACI), under the patronage of the Minister of Mines, Petroleum and Energy, Mamadou Sangafowa-Coulibaly. Bringing together public...

At the end of a Treasury bill auction with maturities of 91 and 182 days organized on Thursday, June 11, 2026, the State of Benin, through its Public Treasury, obtained an amount of 22 billion CFA francs (39.6 million dollars) from investors operating on the West African Monetary Union (UMOA) financial market. The amount put...

d of the 2025 financial year, the net profit of the ECOWAS Investment and Development Bank (BIDC) increased by 13.28% compared to the 2024 financial year, according to the 2024 annual report of this development financing institution based in Lomé, Togo. This net profit rose from 6.430 million units of account (UC), equivalent to 8.802...

“The profit of Palm Côte d’Ivoire, a company specialized in the production and commercialization of crude palm oil and its derivatives, recorded a significant decrease of 86.20% at the end of the first quarter of 2026 compared to the same period in 2025, announced the leaders of this company based in Abidjan. This profit indeed...

At the end of a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) with maturities of 3 and 5 years organized on Wednesday, June 10, 2026, the State of Mali, through its Public Treasury, raised an amount of 55 billion CFA francs (99 million dollars)...

As African cities expand, digital urban services are becoming a major economic issue. Mobility, delivery, mapping, logistics, and artificial intelligence: these uses now structure part of the competitiveness of the continent’s metropolises. It is in this context that Yango Group organized its Innovation Day 2026 on June 4 in Abidjan, bringing together more than 200 business leaders, entrepreneurs, public decision-makers, and technology experts. The event allowed the group to present its technologies, but also to highlight new local initiatives around entrepreneurship, employment, SMEs, and digital skills training. Digital services driven by urbanization and mobile usage Yango’s offensive comes as digital…

The Public Treasury of Guinea Bissau raised on Tuesday, June 9, 2026, on the financial market of the West African Monetary Union (UEMOA), an amount of 15 billion CFA francs (27 million dollars) following a simultaneous auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with a maturity of...

Bank Al-Maghrib’s business survey for April 2026 revealed an overall stagnation of industrial activity in Morocco, announced the central bank based in Rabat. This opinion survey conducted among a representative sample of nearly 400 industrial companies was carried out during the period from May 1st to May 29th, 2026. The results are based on a response rate of 65%. “Thus, BAM emphasizes that production and sales would have stagnated and the capacity utilization rate (CUR) would have remained at 78%.” In April 2026, production in the agri-food sector would have stagnated and the CUR would have stood at 72%. As…

At the end of their Extraordinary General Meeting on May 15, 2026, the shareholders of Maghrebia Insurance Company S.A, founded in 1973 and whose purpose is to carry out all insurance and reinsurance operations in Tunisia and abroad, unanimously approved the increase in the company’s capital by an amount of 10 million dinars (3.4 million...

The Senegalese Minister of Finance and Budget, Cheikh Diba, continues to send positive signals to international investors. According to Bloomberg, citing sources close to the matter, Senegal has made an early payment of 53.75 million euros on its euro-denominated eurobond maturing in 2037, as well as a payment of 38.8 million dollars on a dollar-denominated...

At the end of their Ordinary General Assembly (OGA) on April 30, 2026, the shareholders of the National Agricultural Bank (BNA BANK), a banking institution based in Tunis, decided to increase the dividend amount for the 2025 fiscal year. Instead of a total dividend of 70.4 million dinars (24.64 million dollars) proposed by the Board...

Beninese President Romuald Wadagni made a friendly and working visit to Ouagadougou on June 2, 2026, marking a significant step in the revival of relations between Benin and Burkina Faso. Beyond diplomatic protocol, this meeting between the Beninese head of state and Captain Ibrahim Traoré comes at a time marked by security challenges in the...

The Central Bank of West African States (BCEAO) generated a profit of 588 billion CFA francs in 2025, down 14% compared to the record level of the previous year. Despite this decline in profitability, mainly due to the increase in operating expenses and the decrease in foreign exchange revenues, the UEMOA’s issuing institute has an...

d of the first quarter of 2026, the consolidated revenue of Taqa Morocco, a subsidiary of the Abu Dhabi National Energy Company and the leading private electricity producer in Morocco, remained almost stable compared to the same period in 2025, announced the leaders of this company based in El Jadida, a coastal city located 96...

For the fiscal year 2025, the Orange Côte d’Ivoire (OCI) group, which has subsidiaries in Burkina Faso and Liberia, will pay out a total gross dividend of 120.524 billion CFA francs (217 million dollars) to its shareholders on June 8, 2026, announced the leaders of this company based in Abidjan. With 150,655,350 shares making up...

While Benin’s protocol does not allow heads of state to attend the president’s inauguration, many states have sent high-level representatives, including countries from the AES, even as relations had been strained for several years. A sign that the Wadagni presidency will likely usher in a new era for regional cooperation. A hopeful and applauded rapprochement True to its tradition of simplicity, the Benin protocol does not include the presence of foreign heads of state during the swearing-in ceremony. However, the event took on major significance with the presence of over 16 foreign delegations. But the real strong signal of the…

Benin is entering a new chapter. By taking oath on May 24 before the Constitutional Court, Romuald Wadagni assumes the highest office with an economic record that speaks for itself — and a political equation whose resolution remains unresolved. The new head of state inherits a country that has been transformed in less than a...

At the end of an auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) with maturities of 3, 5, and 7 years, the State of Senegal, through its Public Treasury, obtained on Friday, May 22, 2026 from investors operating in the West African Monetary Union (UMOA) financial...

Senegal has entered a new political phase on May 22, 2026. The President of the Republic, Bassirou Diomaye Faye, has terminated the functions of his Prime Minister Ousmane Sonko, following a day marked by open tensions between the two heads of the executive. A few hours before his dismissal, Ousmane Sonko displayed increasingly visible differences...

For the fiscal year 2025, the Ivory Coast Electricity Company (CIE), specialized in the production and distribution of electricity, will allocate to its shareholders a gross total dividend of 13.104 billion CFA francs (23.587 million dollars), announced the leaders of this company based in Abidjan. Based on the 56 million shares that make up the...

The revenue from the transport of the Tunisian Air Company (Tunisair), the national airline of Tunisia created in 1948, recorded a 5% increase in the first quarter of 2026 compared to the same period of the 2025 fiscal year, announced the leaders of this company based in Tunis. These revenues amounted to 331 million dinars...

At the end of a simultaneous auction of Treasury assimilable bills (BAT) for 364 days as well as Treasury assimilable bonds (OAT) for 3, 5 and 7 years organized on Wednesday, May 20, 2026, the Burkinabe Public Treasury cashed in an amount of 50 billion CFA francs (90 million dollars) on the financial market of...

At the end of the 4th quarter of 2025, the outstanding credits granted by Microfinance Institutions (MFIs) of the West African Economic and Monetary Union (WAEMU) amounted to 2.937.2 billion FCFA (5.286 billion dollars), according to data from the Central Bank of West African States (BCEAO) based in Dakar. Compared to the 3rd quarter of...