Author: Albert Savana

Ecobank has published record results, with a pre-tax profit of $801 million and will redistribute a dividend of $40 million to its shareholders, which is 43% more than its last payment in 2022. The fruits of a transformation strategy initiated three years ago. When Ecobank Transnational Incorporated released its annual results this spring of 2026, it was not just records that caught the analysts’ attention. It was the confirmation that the group, born in Lomé in 1985 with the unique ambition of building a continental African bank, had definitively put an end to a decade of turbulence. Net banking income…

At the end of a simultaneous issuance of Treasury assimilated bills (BAT) of 364 days as well as Treasury assimilated bonds (OAT) of 3 and 5 years organized on Wednesday, April 28, 2026 on the UMOA financial market, Ivory Coast raised an amount of 70 billion CFA francs (126 million dollars). The issuer had put...

For the year 2025, the Water Distribution Company of Côte d’Ivoire (SODECI), a company of the ERANOVE group, listed on the Regional Stock Exchange (BRVM) and based in Abidjan, announced the distribution of a gross total dividend of 4.725 billion CFA francs (8.505 million dollars). Based on the 9 million shares that make up the...

At the end of the 2025 fiscal year, the consolidated profit of the BH Bank group, a Tunisian group integrated around finance activities through specialized subsidiaries in insurance (BH Assurances), leasing (BH Leasing), and investments (BH Invest), recorded a 40% decrease compared to 2024, as announced by the leaders of this banking institution based in...

At the end of the first quarter of 2026, the net banking income (NBI) of Bank Of Africa (BOA) Senegal, a subsidiary of the Moroccan banking group BMCE Bank, recorded a 7% increase compared to the same period of the 2025 financial year, announced the leaders of this banking institution based in Dakar. According to...

On the occasion of its Ordinary General Assembly scheduled for May 20, CIH Bank is preparing to strengthen its board of directors with two high-level profiles. The institution is expected to formalize the appointment of Hassan Boulaknadal, current CEO of CIMR and former employee of the Office of Foreign Exchange, as well as Assia Benhida,...

d of the 2025 fiscal year, the after-tax profit of Coris Bank International (CBI) increased by 37% compared to the same period in 2024, announced the leaders of this banking institution based in Ouagadougou. This profit amounted to 65.495 billion CFA francs (117.891 million dollars) compared to 47.937 billion CFA francs (86.286 million dollars) in...

Disty Technologies, a company specializing in the import and distribution of IT equipment and solutions in Morocco, will distribute dividends of 19.463 million dirhams (2.140 million dollars) to its shareholders for the year 2025. This decision was proposed by the Board of Directors and will be presented at the next Annual General Meeting (AGM) scheduled...

The day after what is described as the largest incursion of armed factions in Bamako since 2012, the Malian high command is counting its dead and missing. General Sadio Camara, a central figure in the security apparatus and considered one of the main architects of the strategic rapprochement with Moscow, is reported dead by several...

As of 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...

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…