Author: Albert Savana

The National Refining Company (Sonara) has launched a series of open national tenders in order to recruit one or more insurance companies to cover its installations, construction sites, transportation, fleet of vehicles, and civil liabilities. Published on March 4, 2026, the market for 4 distinct lots is valued at 5.1 billion CFA francs over a...

The appeals jury of the Confederation of African Football (CAF) announced, on March 17, through a press release, the withdrawal of the 2025 Africa Cup of Nations title from Senegal, to award it to Morocco, despite being defeated in the final with a score of 1-0. A very rare decision that disrupts the established sports...

In Congo-Brazzaville, outgoing president Denis Sassou Nguesso was announced as the winner of the presidential election held on Sunday, March 15, 2026. The provisional results were made public on Tuesday, March 17 in the evening. According to official figures, Denis Sassou-Nguesso obtained 94.82% of the votes in the first round. The voter turnout is estimated...

The State of Guinea Bissau raised on March 17, 2026, on the West African Monetary Union (UMOA) financial market, an amount of 15 billion CFA francs (27 million dollars) through a simultaneous auction of treasury bills (BAT) with a maturity of 358 days and treasury bonds (OAT) with a maturity of 3 years. The issuer...

d of the 2025 fiscal year, the turnover of the company Les Eaux Minérales d’Oulmès (LEMO), which operates four brands in Morocco (Sidi Ali, Oulmès, Ain Atlas, and Bahia), increased by 11.2% compared to 2024, announced the leaders of this company based in Casablanca. This turnover amounted to 3.195 billion dirhams (352 million dollars) compared...

By confirming, on March 13, 2026, the sovereign rating of Ivory Coast at Ba2, with a stable outlook, Moody’s consecrates less a surprise than a trajectory: that of a country which, through budget discipline, macroeconomic clarity, and a deliberate openness to capital mechanisms, is firmly establishing itself in the African elite. Only two steps now...

The premature withdrawal of the USS Abraham Lincoln (CVN-72) from the theater of operations has been one of the highlights since the beginning of the war in the Middle East. This strategic asset, valued at nearly 13 billion dollars, moved away from the conflict zone in the face of the threat posed by highly effective...

The administration of President Donald Trump is facing a wave of criticism after revelations that it could receive around $10 billion in fees as part of the deal that led to the transfer of TikTok’s American operations out of direct control of the Chinese group ByteDance. According to several American media outlets, including the Wall...

” If you are not willing to take risks, you have no business in the shipping industry. If you don’t want to take risks, buy American bonds.” The sentence belongs to George Prokopiou. It alone summarizes the philosophy of a man for whom the sea is never as profitable as when it becomes dangerous. In...

The race to succeed António Guterres at the head of the United Nations is entering a more political phase. While five candidacies have been officially submitted, the first diplomatic balances already outline a central duel between former Senegalese president Macky Sall and former Chilean president Michelle Bachelet. In early March, the African Union, through Burundi,...

The Regional Stock Exchange (BRVM) admitted to its list, on Thursday, March 12, 2026 in Cotonou, the bonds issued by the Common Fund for Securitization of Receivables (FCTC) “Keur Samba NSIA Banque Benin”, in an operation of 44 billion CFA francs which marks a new milestone in the sophistication of the regional financial market of...

Ecobank Transnational Incorporated, a pan-African banking group, has announced a significant increase in its funding for women-led businesses. In 2025, the bank granted $780 million in loans to these formal sector businesses, compared to $265 million in 2024, representing a 194% increase. The announcement was made in Lomé, Togo, during the release of Ecobank’s Gender...

Strong subscriptions from investors operating in the West African Economic and Monetary Union (UMOA) financial market were noted following the simultaneous auction of treasury bills (BAT) with maturities of 167 days and 364 days, as well as treasury bonds (OAT) with a 3-year maturity organized on Tuesday, March 10, 2026 by Guinea-Bissau. With a solicitation...

At the end of 2024, the resources of credit institutions in the West African Monetary Union (UEMOA) amounted to 57,897.9 billion CFA francs (104.216 billion dollars), according to the 2024 annual report of the Banking Commission, the community supervisory body for banks based in Abidjan. Compared to 2023 where they stood at 53,563.1 billion CFA...

d of the 2025 fiscal year, the profit of BH Leasing, specialized in leasing operations for movable and immovable assets for professional, industrial, agricultural, commercial, and service use, decreased by 31% compared to 2024, announced the leaders of this company based in Tunis. This announcement follows the meeting of the Board of Directors on March...

A 70% surge in ten days The scenario of a lightning war seems to have failed under the blows of an Iranian regime that was said to be on its last legs. On the tenth day of the conflict triggered by American-Israeli strikes against Iran, as the G7 meeting opens, the conclusion is clear: the...

For its 2025 rating, valid for the period September 2025-August 2026, Bloomfield Investment has maintained unchanged the long and short-term ratings awarded one year ago to the African Automobile Credit Company (SAFCA), operating commercially under the name Alios Finance Côte d’Ivoire (AFC). The long-term rating remains BBB+ with a stable outlook and the short-term rating...

d of the 2025 fiscal year, the Mutandis industrial group, specializing in household consumer goods, saw a 10% increase in current net profit compared to 2024, announced the leaders of this company based in Casablanca. This current net profit reached 140 million dirhams (15.4 million dollars) compared to 128 million dirhams (14.08 million dollars) in...

At December 31, 2024, the total balance sheet of credit institutions in the West African Economic and Monetary Union (WAEMU) stood at 72,068.3 billion CFA francs (130 billion dollars), according to the 2024 annual report of the Banking Commission, the community body responsible for supervising banks based in Abidjan. This balance sheet total recorded an...

The Malian public treasury continues to attract investors on the regional market. Following a simultaneous issuance of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of 3 and 5 years organized on Wednesday, March 4, 2026 on the UMOA public securities market, Bamako raised 33 billion CFA francs,...

Customs administrations from four pilot ECOWAS member states – Nigeria, Ghana, Côte d’Ivoire, and Senegal – are meeting in Abidjan from March 3 to 5, 2026 to discuss the modalities for implementing the self-certification mechanism of community origin in the region, under the ECOWAS Trade Liberalization Scheme (ETLS). The Trade Liberalization Scheme remains the central instrument for promoting the free movement of goods produced within the community. It is also a key lever for enhancing economic integration and supporting regional development, in line with Article 3 of the revised ECOWAS Treaty. Since its establishment in the 1990s, this mechanism has…

The State of Ivory Coast raised on Tuesday, March 3, 2026 on the financial market of the West African Monetary Union (UMOA) an amount of 66 billion CFA francs (118.8 million dollars) through a simultaneous auction of treasury assimilable bonds (OAT) with maturities of 3, 5 and 7 years. The issuer, who was seeking 60...

At the end of the 2024 financial year, banks in the West African Economic and Monetary Union (WAEMU) achieved a total net profit of 1,105.3 billion CFA francs (1.989 billion dollars), according to the 2024 annual report of the Banking Commission, the community supervisory body based in Abidjan. Compared to the 2023 financial year where...

The Sonatel group (National Telecommunications Company) of Senegal, which includes subsidiaries in Mali, Guinea, Guinea-Bissau, Sierra Leone, and a stake in the Orange Services Group, will pay its shareholders a hefty sum of 174 billion CFA francs (313,200 million dollars) starting from May 25, 2026, in the form of a global net dividend for the...

At the end of an auction of Treasury assimilable bills (BAT) with a maturity of 364 days as well as Treasury assimilable bonds (OAT) with maturities of 3 and 5 years, the State of Senegal, through its Public Treasury, raised an amount of 108.785 billion CFA francs (195.814 million dollars) on the financial market of...

Investors operating in the West African Monetary Union (UEMOA) financial market have allocated an amount of 65.999 billion CFA francs (119 million dollars) to Burkina Faso following a simultaneous auction of 364-day Treasury bills (BAT) and 3, 5, and 7-year Treasury bonds (OAT) organized on Wednesday, February 25, 2026. The amount put up for auction...

The State of Guinea Bissau raised on Monday, February 23, 2026, on the financial market of the West African Monetary Union (UMOA), an amount of 20 billion CFA francs (36 million dollars) through a simultaneous auction of Treasury Bills (BAT) with maturities of 182 and 364 days, as well as Treasury Bonds (OAT) with a...

At the end of its meeting on February 17, 2026, the Board of Directors of the Tunisian Reinsurance Company (Tunis Re) decided to convene an Extraordinary General Meeting to proceed with an increase in the company’s capital, announced the leaders of this company based in Tunis. “The terms of this increase will be approved at...

At the end of an auction of Treasury Bills (BAT) with a maturity of 364 days as well as Treasury Bonds (OAT) with maturities of 3, 5, 7 and 10 years, the State of Senegal, through its Public Treasury, obtained on Friday, February 20, 2026, on the West African Monetary Union (UMOA) financial market, an...

Few development banks venture into the field of cultural industries, deemed too risky, too dependent on public taste, and difficult to financially valorize. And yet, transforming African talents into negotiable cultural assets on the international market precisely requires this type of risk-taking. With the financing of the feature film Clarissa, the Afreximbank group clearly assumes...