Author: Albert Savana

The question resurfaces with new acuity at a time when the five wealthiest individuals in Africa have seen their wealth increase by 88% in five years, according to Oxfam, in a context where the majority of households on the continent are facing inflation, precariousness, high tax pressure on the formal sector, and multiple climate shocks....

“Ocean governance and the blue economy remain undervalued in the Africa–Europe partnership. The African private sector has a central role to play in integrating these priorities fully into the cooperation agenda between the two continents.” Valued at nearly 450 billion dollars a year, the blue economy stands as one of Africa’s most promising engines of growth — and a strategic field of cooperation with Europe. Yet this potential remains largely overlooked in the AU–EU partnership, warn several stakeholders based in Brussels. Ahead of the upcoming summit between the two continents, Aziz Boughourbal, CEO of Africa Ocean Group, speaks to Financial…

Under financial pressure and without a safety net from the IMF, Senegal manages to generate 3,254 billion CFA francs in budget revenues at the end of September 2025. A resilient performance – driven by the strength of VAT and corporate taxes – but also revealing the tensions of a model in search of balance in...

d of the third quarter of 2025, the after-tax profit of Vivo Energy Côte d’Ivoire, specialized in the distribution of hydrocarbon products, increased by 45% compared to the same period in 2024, announced the leaders of this company based in Abidjan. This profit increased from 2.850 billion CFA francs on September 30, 2024 to 4.119...

The dispute between Ecobank and Wilben Trade Limited, a trading company active between the Middle East, West Africa, and Asia specializing in agricultural commodities, came to a conclusion before the Dubai Court of Cassation, which unanimously rejected the appeal filed by the company and its promoter, Marcus Akroyd Wade, on November 13, 2025. Since 2023,...

d of the third quarter of 2025, the current result before taxes of the company Filatures Tissage Sac (Filtisac) S.A, specialized in the manufacturing and commercialization of jute bags and synthetic fiber bags, took a dive of 4.359 billion FCFA (7.846 million dollars) compared to the same period in the 2024 fiscal year, announced the...

At the end of a simultaneous issuance of Treasury assimilable bills (BAT) of 364 days and Treasury assimilable bonds (OAT) of 3, 5, and 7 years carried out on November 19, 2025, the Burkinabe Public Treasury raised an amount of 21.966 billion CFA francs (39.538 million dollars) on the West African Monetary Union (UEMOA) financial...

The 46th session of the Ministerial Conference of La Francophonie (CMF) will be held in Rwanda on November 19 and 20, 2025, preceded by the 132nd session of the Permanent Council of La Francophonie (CPF) on November 18. For the first time, Rwanda, a founding member of La Francophonie since 1970, is hosting this major event at the Kigali Convention Centre, a symbol of contemporary African diplomacy. This edition focuses on a central and highly strategic theme: “Thirty years after Beijing: the contribution of women in the Francophone space”. Thirty years after the 1995 World Conference on Women, the 90…

The after-tax profit of Bank Of Africa (BOA) Senegal, a subsidiary of the Moroccan banking group BMCE Bank, increased by 10.01% at the end of the third quarter of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Dakar. According to the activity report prepared by the...

For its 2025 rating, valid from August 2025 to July 2026, Bloomfield Investment has maintained unchanged the long and short term ratings awarded to Bank Of Africa (BOA) Niger one year ago, announced the leaders of this rating agency based in Abidjan. The long term rating remains A- with a stable outlook. As for the...

The image will remain: a trial broadcast live, a sharp-tongued attorney general, witnesses parading between revelations and contradictions, and two major defendants – Sylvia and Noureddin Bongo – absent, but sentenced to twenty years of imprisonment and a record damages of 1,200 billion CFA francs. Beyond the judicial spectacle, an entire system was exposed, publicly...

At the end of the first half of 2025, Africa Global Logistics (AGL) Ivory Coast ex Bolloré Transports & Logistics Ivory Coast, incurred a loss of 427.470 million FCFA (769,446 dollars), announced the leaders of this company based in Abidjan. Compared to the first half of 2024 where it stood at +18.609 billion FCFA (29.774...

Twenty thousand documents: a judicial, institutional, and political earthquake The declassification of over 20,000 documents related to Jeffrey Epstein continues to send shockwaves through the top levels of the American government. Beyond the volume and brutality of these revelations, it is an apparently minor detail – an email referred to by investigators as “the dog...

At the end of the first ten months of 2025, Tunisia’s trade deficit widened by 2.719 billion dinars (925 million dollars) compared to the same period in 2024, according to data from the National Institute of Statistics (INS) based in Tunis. According to this institution, “this deficit mainly comes from energy (-9.181 billion), raw materials...

At the end of the third quarter of 2025, the after-tax profit of Uniwax S.A, specialized in textile manufacturing, increased by a significant 476.1% compared to the same period in 2024, announced the leaders of this company based in Abidjan (Ivory Coast). This profit amounted to 8.142 billion CFA francs (14.657 million dollars) compared to...

Africa Global Logistics Ivory Coast (AGL CI) has reported a significant deterioration in the first half of 2025, despite a slight rebound in its activity. The turnover reached 44.45 billion FCFA, representing a 4% increase compared to the same period in 2024, indicating a generally stable commercial volume. However, this symbolic increase does not offset...

It is an anecdote still unknown from the negotiations around the mega-project of Simandou: that of a masked Guinean delegation, on an official visit to Shanghai while most governments still kept their borders closed. In the midst of post-Covid uncertainty, Guinea chose audacity. This trip, the first of an African mission to China after the pandemic, would seal a historic turning point for Simandou and for the country’s place on the geopolitical chessboard with the signing of the Shanghai Agreements between WCS, Baowu Steel, and Guinea. In a climate of introspection and global slowdown, Conakry made the bet of strategic…

Thanks to an exceptional mobilization of international donors and the private sector, Chad has secured $20.5 billion in commitments, which represents two-thirds of the $30 billion needed to finance its “Chad Connection 2030” plan. A spectacular start for a program that aims to transform the country’s economy by 2030. Chad surprised by securing a record amount of $20.5 billion in the first year of implementing its “Chad Connection 2030” plan. This massive commitment combines $16.4 billion in public financing and $4.1 billion in private investments, from 40 agreements signed with key players in strategic sectors: energy, agriculture, mining, textiles, tourism,…

The Treasury of Mali raised a total amount of 26.588 billion CFA francs (47.9 million USD) on the financial market of the West African Economic and Monetary Union (UEMOA) on November 12, 2025, following a simultaneous issuance of Treasury assimilable bonds (BAT) at 364 days and Treasury assimilable bonds (OAT) of 3, 5, and 7...

The after-tax profit of the Ivorian Tobacco Company (SITAB), a subsidiary of the British company Imperial Brands, increased by 87.25% in the first half of 2025 compared to the same period in 2024, announced the leaders of this company based in Abidjan. The activity report established by the leaders of this company indeed indicates a...

The Public Treasury of Ivory Coast successfully raised a total amount of 59.054 billion CFA francs (106.297 million dollars) on November 11, 2025 on the financial market of the West African Monetary Union (UEMOA) through a Treasury assimilable bond (BAT) issue with a maturity of 49 days. The issuer had put up for auction 70...

d of the first half of 2025, the after-tax profit of the company Filatures Tissage Sac (Filtisac) S.A, specialized in the manufacturing and marketing of jute bags and synthetic fiber bags, recorded a sharp decline of 97% compared to the same period of the 2024 fiscal year, announced the leaders of this company based in...

Senegal is entering a period of political turbulence… just as one of the most demanding economic sequences in its recent history unfolds. While the 2026 budget law is being scrutinized by the IMF, engaged in an assessment of the sustainability of Senegal’s debt, the “Diomaye President” coalition, the foundation of the accession to power in...

The Cameroonian banking sector is in turmoil. In a confidential letter addressed to the Minister of Finance, a copy of which Financial Afrik obtained, the Central African Banking Commission (COBAC) sounds the alarm on the “high risks of crisis” caused by the actions of the Caisse des Dépôts et Consignations du Cameroun (CDEC). According to...

The Bank of Africa (BOA) Mali, a member of the Moroccan banking group BMCE Bank, significantly increased its profit at the end of the third quarter of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Bamako. Based on the activity report for the third quarter of...

The profit of Bank Of Africa (BOA) Burkina Faso, a subsidiary of the Moroccan banking group BMCE Bank, recorded a 28% decrease at the end of the third quarter of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Ouagadougou. According to the activity report established by...

The profit of the International Bank for Trade and Industry of Ivory Coast (BICICI), controlled 67.49% by the consortium National Investment Bank (BNI), National Social Security Fund (CNPS), General Retirement Fund for State Employees (IPS-CGRAE) and Deposits and Consignments Fund of Ivory Coast (CDC-CI), recorded a significant increase of 51% in the third quarter of...

At the end of the first half of 2025, the after-tax profit of TotalEnergies Marketing Senegal, a subsidiary of the multinational TotalEnergies, decreased by 20% compared to the same period in 2024, announced the leaders of this company based in Dakar. This profit amounted to 3.058 billion CFA francs (5.504 million dollars) compared to 3.840...

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 conducted on November 5, 2025, the Burkinabe Public Treasury raised an amount of 32.999 billion CFA francs (59.398 million dollars) on the West African Monetary Union...

“The profit of Bank Of Africa (BOA) Benin, a subsidiary of the BMCE Bank group, recorded a slight increase of 0.75% at the end of the first half of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Cotonou. According to the activity report established by the...