Author: Albert Savana

On April 23, 2026, Senegalese Prime Minister Ousmane Sonko announced that his country had “obtained and signed, without any financial compensation for the Senegalese state, a joint withdrawal agreement between Kosmos Energy – an American oil and gas group listed on the New York Stock Exchange (NYSE), whose net debt was around $3 billion at...

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, 5, and 7 years, the State of Senegal, through its Public Treasury, raised an amount of 68.030 billion CFA francs (122.454 million dollars) on the financial market...

From Transformation to Consolidation I. THE VERDICT On April 12, the Republic of Benin delivered an electoral verdict that goes far beyond its borders. By electing Romuald Wadagni to the highest office with 94.27% of the votes cast — a score confirmed on April 16 by the Constitutional Court — the country not only designated a successor to Patrice Talon. It sent a strategic signal to the rest of the continent. The context gives this result a particular resonance. On December 7, 2025, just four months before the election, a small group of military personnel briefly took control of the…

The Ivorian Bank (SIB), a subsidiary of the Moroccan banking group Attijariwafa Bank, will pay out a total gross dividend of 21.25 billion CFA francs (38.25 million dollars) to its shareholders for the 2025 fiscal year, according to a proposal from the Board of Directors at the upcoming Annual General Meeting of this bank based in Abidjan. Based on the 50 million shares making up the bank’s share capital, the gross dividend per share amounts to 425 CFA francs compared to 375 CFA francs in 2024. In accordance with Ivorian tax legislation, a 12% tax on securities income (IRVM) will…

At the end of a simultaneous auction of Treasury bills (BAT) of 364 days as well as Treasury bonds (OAT) of 3, 5 and 7 years organized on Wednesday, April 22, 2026, the Public Treasury of Burkina Faso collected an amount of 49.5 billion CFA francs (89.1 million dollars) on the financial market of the West African Monetary Union (UMOA). The amount put up for auction by the issuer was 45 billion CFA francs. In response, investors submitted a total of 118.81 billion CFA francs, representing a coverage rate of 264.02% of the amount put up for auction. Out of…

At the end of the first quarter of 2026, the Ivorian cable company (Sicable), a member of the PRYSMIAN Group, a world leader in electrical cables, incurred a loss of 221.7 million CFA francs (399,060 dollars), announced the leaders of this company based in Abidjan. This company had however recorded a profit of 211.2 million CFA francs in the first quarter of 2025, representing a negative variation of 205%. Similarly, at the end of the 2025 financial year, it had achieved a profit of 1.704 billion CFA francs. As for the turnover, it experienced a decrease of 26.5% with a…

At the end of the first quarter of 2026, Tunisia’s trade deficit slightly widened by 3.62% compared to the same period in 2025, according to data from the National Institute of Statistics (INS) based in Tunis. This deficit stood at a level of -5.232 billion dinars (1.779 billion dollars) compared to -5.049 billion dinars (1.716 billion dollars) during the first quarter of 2025. However, the food group recorded a surplus of +798.3 million dinars. “This deficit comes from the group of energy products of -2.990 billion dinars, raw materials and semi-finished products of -1.601 billion dinars, capital goods of -977…

At the end of a simultaneous auction of Treasury assimilable bills (BAT) of 364 days as well as Treasury assimilable bonds (OAT) of 3 and 5 years organized on Tuesday, April 21, 2026 on the UMOA financial market, Ivory Coast raised an amount of 66 billion CFA francs (118.8 million dollars). The issuer, who was looking for 60 billion CFA francs, was offered a total amount of 227.895 billion CFA francs by investors, representing a coverage rate of 379.83% of the amount put up for auction. Out of the total amount of submissions, the Ivorian Public Treasury retained 66 billion…

The Togolese State, through its Public Treasury, obtained on Friday, April 17, 2026, on the financial market of the West African Monetary Union (UMOA), an amount of 33 billion CFA francs (59.4 million dollars) at the end of a simultaneous auction of treasury assimilable bonds (OAT) with maturities of 3.5 and 7 years. This fundraising from financial market investors is intended to cover the financing needs of its budget. To do so, the issuer auctioned off 30 billion CFA francs. In return, it received total bids of 91.831 billion CFA francs, representing a bid-to-cover ratio of 306.11%. Out of the…

At the end of a Treasury bill auction with maturities of 91 and 182 days organized on Thursday, April 16, 2026, the Benin Public Treasury collected an amount of 22 billion CFA francs (39.6 million dollars) on the West African Monetary Union (WAMU) financial market. The amount put up for auction by the issuer was 20 billion CFA francs. After the auction, the total submissions from investors amounted to 135.826 billion CFA francs, representing a significant coverage rate of 679.13% of the amount put up for auction. Out of the total submissions, the issuer retained 22 billion CFA francs and…

For the year 2025, the Bank Of Africa (BOA) Benin, a member of the Moroccan banking group BMCE, will allocate to its shareholders on May 15, 2026, a net global dividend of 23.728 billion CFA francs (42.710 million dollars), according to one of the resolutions proposed by the Board of Directors at the Ordinary General Meeting of April 30, 2025. With 40,561,048 shares making up the bank’s share capital, the net dividend per share amounts to 585 CFA francs per share of 1,000 CFA francs, after payment of the securities income tax (IRVM) at a rate of 5% on the gross…

The consolidated revenue of the Sonatel group (National Telecommunications Company of Senegal), which includes subsidiaries in Mali, Guinea, Guinea-Bissau, and Sierra Leone, recorded a 7% increase at the end of the first quarter of 2026 compared to the same period in 2025, announced the leaders of this telecommunications company based in Dakar (Senegal). This revenue...

The total projected volume of public securities issuances (treasury bills and bonds) by auction projected by the member countries of the West African Economic and Monetary Union (UMOA) financial market for the 2nd quarter of 2026 amounts to 3,076 billion CFA francs (5.536 billion dollars), according to the schedule established by UMOA-Titres based in Dakar. According to the leaders of UMOA-Titres, this schedule aims to provide visibility on the dates of the upcoming public securities issuances, allow investors to anticipate and better plan their investment decisions, and ensure transparency and regularity in the financing operations of the Union’s member states.…

“The West African Studies and Works Company (SETAO), a subsidiary of the Bouygues group specializing in consulting and engineering services in the field of Construction and Public Works (BTP), significantly reduced its deficit by 72.26% at the end of the 2025 fiscal year compared to 2024, announced the leaders of this company based in Abidjan. This deficit thus decreased from -348.195 million CFA francs (-626,751 dollars) on December 31, 2024 to -96.558 million CFA francs (-173,804 dollars) on December 31, 2025. Compared to December 31, 2023 where it stood at -1.117 billion CFA francs, SETAO has significantly reduced its deficit…

Kinshasa, April 16, 2026 – The Democratic Republic of Congo officially established, by decree adopted in the Council of Ministers on April 10, the establishment of a Strategic Reserve of strategic mineral substances. This instrument aims to stabilize markets, support the valorization of resources, and strengthen the country’s economic sovereignty. The management of this reserve is entrusted to the Regulatory Authority for the Control of Markets for Strategic Mineral Substances, now authorized to acquire, hold, manage, and market volumes of strategic minerals. This development is in line with the reforms initiated by the Congolese government to regain control of its…

In 2025, 94,985 economic units registered with the National Identification Number for Companies and Associations (NINEA) in Senegal, according to the Annual Bulletin on New Registrations at NINEA (BANIN) established by the National Agency of Statistics and Demography (ANSD) based in Dakar. Compared to 2024, where they were at 91,936, these economic units have seen...

The African Automobile Credit Company (SAFCA), specialized in investment financing and leasing and listed on the Regional Stock Exchange (BRVM), will increase its capital through a cash contribution of 1.5 billion CFA francs (2,700 million dollars), announced the BRVM executives. The planned operation will result in the creation of 3,750,000 new shares, with an issuance price of 400 CFA francs. According to the BRVM executives, a Preferential Subscription Right (PSR) will be attached to each old share (1 right for 1 old share) with a subscription ratio of 06 new shares for 13 old shares. They also estimate that the…

At the end of a simultaneous auction of treasury bills (BAT) with maturities of 182 and 364 days as well as treasury bonds (OAT) with a 3-year maturity, Guinea Bissau raised a total of 22 billion CFA francs (39.6 million dollars) on the West African Monetary Union (UMOA) financial market on Monday, April 13, 2026....

“In the year 2025, Ennakl Automobiles, a company specializing in car dealership, rental, sales, and the sale of car spare parts, will pay its shareholders a total dividend of 30 million dinars (10.2 million dollars), announced the leaders of this Tunis-based company. This announcement follows the meeting of the Board of Directors on March 24,...

The day after the presidential election on April 12, Paul Hounkpe acknowledged the favorable trends for the Wadagni-Talata duo and congratulated his rival before the official results were announced. This gesture is in line with the Beninese democratic tradition. With an election that overall went smoothly according to ECOWAS and the platform of civil society organizations, this statement confirms the smooth conduct of the election and the atmosphere of calm. Hounkpe acknowledges “his defeat” before the official results On April 13, 2026, Paul Hounkpe released a statement in which he acknowledged the initial trends from the vote counts, favorable to…

The project is unprecedented in scope: to simultaneously introduce Dangote Petroleum Refinery and Petrochemicals on several African financial markets. Behind the announcement, a clear strategic ambition led by Aliko Dangote: to transform a colossal industrial asset into continental market value, while attracting African savings to a local energy champion. The framework is already in place....

For the fiscal year 2025, Ecobank Côte d’Ivoire, a subsidiary of the pan-African banking group of the same name, will pay its shareholders a gross total dividend of 48.884 billion FCFA (87.991 million dollars) on May 22, 2026, according to one of the resolutions proposed by the Board of Directors of this banking institution at the Ordinary General Meeting of April 28, 2026. Based on the 55,050,600 shares that make up the bank’s share capital, the gross dividend per share is 888 FCFA. The company will deduct from this gross dividend, in accordance with Ivorian tax legislation, a 12% tax…

Direct negotiations between the United States and Iran, concluded in the early hours of Sunday, April 12 in Islamabad, ended in failure after 21 hours of continuous discussions, plunging the markets back into uncertainty. These talks were the first official face-to-face meeting in over ten years and the highest level of bilateral dialogue since the...

At the end of the 2026 Global Portfolio Review of projects funded by the World Bank Group in Guinea, the assessment is unambiguous: Guinean authorities are consolidating their credibility in the management of international financing. At the heart of this dynamic is the Minister of Economy, Finance, and Budget, Mariama Ciré Sylla, whose methodical action...

The 2025 fiscal year of Afreximbank marks a spectacular increase in scale with total assets and contingent liabilities reaching $48.5 billion, a 21% increase, confirming a structural growth trajectory and a clear ambition to lead in trade finance and economic transformation on the continent. This expansion is based on a sustained increase in net loans...

The Democratic Republic of Congo has just reached a new milestone on the international markets. In a statement released on April 9, 2026, Rawbank announced the success of the issuance of the DRC’s very first sovereign eurobond, for a total amount of $1.25 billion, in which the Congolese bank acted as Joint Global Coordinator alongside...

“In March 2026, the inflation rate in Tunisia remained stable at 5% compared to the previous month, according to data from the National Institute of Statistics (INS) based in Tunis. “This rate is mainly explained by the acceleration of the price increase of the Food group (6.8% in March 2026 compared to 6.7% in February 2026), as well as the prices of the group Services of restaurants, cafes and hotels (6.2% in March 2026 compared to 5.6% in February 2026) and the group Transport services (2.8% in March 2026 compared to 2.1% in February 2026),” said the INS. However, a…

“The consolidated profit of the Dari Couspate group, specialized in the production and commercialization of couscous and pasta, recorded a 20% increase at the end of the 2025 fiscal year compared to 2024, announced the leaders of this company based in the Rabat-Salé region, 99 km from Casablanca.” “This announcement follows the Board of Directors meeting on March 23, 2026 to review and finalize the social and consolidated accounts of the group for the year 2025.” “The consolidated profit amounted to 52.395 million dirhams (5.763 million dollars) compared to 43.66 million dirhams (4.802 million dollars) on December 31, 2024.” “As…

The exercise was meant to be inaugural. It is mainly a signal. Held on Thursday, April 2, 2026 at the 2 Février hotel in Lomé, the first “Country Risk – Togo” conference by Bloomfield Investment delivered an uncompromising diagnosis: a dynamic, reforming economy, but still structurally dependent. The score of 5.9 out of 10 –...

Two major events dedicated to African energy scheduled for almost simultaneous dates in Europe in May 2026, and tensions are in the air. The “Invest in African Energy” forum, organized within the African Energy Chamber, will be held in Paris on May 11 and 12, 2026. The “Africa Energies” summit, led by the British platform...