Author: Albert Savana

On this April 6, the commemoration date of the 1994 genocide against the Tutsis, Rwanda appears, more than three decades after the tragedy, as one of the most closely watched economic laboratories on the continent. Since the early 2000s, the “Land of a Thousand Hills” has shown an average growth rate ranging between 7% and...

As of Friday, April 3, 2026, the hierarchy of banking performances on the Regional Stock Exchange of Abidjan (BRVM) over the past year places Oragroup (+52%), BOA Burkina Faso (+49%) and Ecobank Transnational Incorporated (+47%) at the top of the sector’s performances. This ranking is based on price variations which, in the specific context of the BRVM, must be correlated with trading volumes and, ultimately, the liquidity of the securities in question. Indeed, price formation on the regional market of the West African Economic and Monetary Union (UEMOA) is largely influenced by occasional, sometimes shallow transactions, which can mechanically amplify…

The State of Togo, through its Treasury, raised an amount of 33 billion CFA francs (59.4 million dollars) on the West African Monetary Union (UMOA) financial market on Friday, April 3, 2026, through a simultaneous auction of Treasury bills (BAT) with a maturity of 364 days and Treasury bonds (OAT) with maturities of 3.5 and...

Contrary to the 2024 financial year where they received a net dividend per share of 209.25 CFA francs (0.376 dollars), shareholders of Bank Of Africa (BOA) Niger, a member of the BOA banking group, will be deprived of dividends for the 2025 financial year due to the difficult financial situation of this bank based in Niamey. According to one of the resolutions that will be presented by the Board of Directors at the Ordinary General Meeting (OGM) of shareholders on April 3, 2026, the financial year ending on December 31, 2025 resulted in a net profit of 409.269 million CFA…

For the financial year 2025, Bank Of Africa (BOA) Ivory Coast, a member of the Moroccan banking group BMCE Bank, will pay its shareholders a total gross dividend of 27.022 billion CFA francs (48.640 million dollars) starting from May 6, 2026, according to a resolution proposed by the Board of Directors at the Ordinary General Meeting of Shareholders scheduled for April 15, 2026. Based on the 40 million shares that make up the bank’s share capital, the gross dividend per share amounts to 675.55 CFA francs. In accordance with Ivorian tax legislation, a 12% tax on securities income (IRVM) will…

How much will the coup in Niger cost? This is the current question on April 2, when theoretically the mandate of President Mohamed Bazoum, who was overthrown on July 26, 2023, by a coup led by General Abdourahamane Tiani, comes to an end. The numbers are staggering. The first shock is immediate and external. According...

The consolidated profit of Taqa Morocco, a subsidiary of the Abu Dhabi National Energy Company and the leading private electricity producer in Morocco, recorded a 7% decrease at the end of the 2025 fiscal year compared to the same period in 2024, announced the leaders of this company based in El Jadida, a coastal city located 96 km from Casablanca. This announcement follows the meeting of the company’s board of directors on March 24, 2026 to finalize the social and consolidated accounts as of December 31, 2025. The consolidated profit stood at 981 million dirhams (108 million dollars) compared to…

The jobs of decentralized financial systems (DFS) of the West African Monetary Union (UMOA) covered by Article 44 of the law regulating DFS (activity level reaching a threshold of 2 billion CFA francs in deposits and loans) increased by 10.3% at the end of 2024 compared to 2023, reaching 2,813.1 billion CFA francs (5.063 billion dollars), according to data from the General Secretariat of the Banking Commission, the community supervisory body based in Abidjan. These jobs consist of loans (short, medium, and long-term loans, leasing operations) and other assets (investment securities, financial assets, other assets, and miscellaneous). According to the…

Dakar, March 29, 2026 — The State of Senegal successfully completed its first Public Offering (APE) of the year 2026, raising a total of 304.15 billion CFA francs, against an initial target of 200 billion CFA francs, representing a coverage rate of 152%. The operation, launched on February 26, 2026, was closed on March 26,...

Standard & Poor’s maintains Ghana’s sovereign rating at “B-/B” with a stable outlook, recognizing the gradual recovery of the economy after the 2022 debt crisis. This decision, announced on March 27, 2026, reflects both a tangible improvement in macroeconomic fundamentals and a better-controlled budget trajectory. The agency highlights robust economic growth, supported notably by strong...

On Friday, March 27, 2026, marking the official opening of the presidential campaign in Benin, candidate Romuald Wadagni chose the department of Alibori to lay the groundwork for his societal project. Through a series of meetings in Kandi, Banikoara, and Ségbana, the former Minister of Economy and Finance articulated his vision around three strategic pillars: the transformation of the agricultural production system, social protection, and better access to regional markets. The stated objective is to make Northern Benin a true logistical and commercial hub for the West African market. An agricultural revolution backed by social protection Alibori, considered the granary…

In a report dated March 27, 2026, S&P Global Ratings reaffirms Morocco’s rating of “BBB-/A-3” with a stable outlook, despite risks related to conflict in the Middle East. The agency believes that the kingdom’s economy has strong fundamentals and sufficient resilience to absorb external shocks, including rising energy prices, trade disruptions, and a slowdown in...

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, and 7 years, the State of Senegal, through its Public Treasury, raised an amount of 55 billion CFA francs (99 million dollars) on the financial market of the...

For the fiscal year 2025, Palm Côte d’Ivoire, specialized in the production and commercialization of crude palm oil and its derivatives, will pay its shareholders a total gross dividend of 7.754 billion FCFA (13.957 million dollars), according to one of the resolutions of the Board of Directors that will be proposed at the Annual General...

At the forefront for two years, Senegal’s Minister of Finance, Cheikh Diba, is working to maintain a delicate balance: preserving the country’s financial credibility in a turbulent international environment, while financing an ambitious economic transformation trajectory. In the face of facts, Dakar continues to defy predictions. The “spotless” settlement of the March 13 deadline is...

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, 5, and 7 years organized on Wednesday, March 25, 2026, Burkina Faso raised 76.999 billion CFA francs (138.598 million dollars) from investors in the West African Monetary Union...

For the 2025 fiscal year, Bank Of Africa (BOA) Mali, a subsidiary of the BOA banking group, will pay its shareholders a gross total dividend of 9.003 billion CFA francs (16.206 million dollars) starting from May 31, 2026, according to one of the resolutions proposed by the Board of Directors at the Ordinary General Meeting (OGM) on April 14, 2026 of this banking establishment based in Bamako. Based on the 27,450,000 shares that make up the bank’s share capital, the gross dividend per share amounts to 328 CFA francs. After the payment of the securities income tax (IRVM) at a…

The State of Ivory Coast, through its Public Treasury, raised a total amount of 87.999 billion CFA francs (158.398 million dollars) on the West African Monetary Union (UMOA) financial market on Tuesday, March 24, 2026, through the issuance of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of...

The Guinea Bissau Public Treasury successfully collected on March 23, 2026, in the West African Monetary Union (WAMU) financial market, an amount of 15 billion CFA francs (27 million dollars) through a simultaneous auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with a maturity of 3 years. The...

At the end of its meeting on March 13, 2026, the Board of Directors of Assurances Maghrébia S.A, founded in 1973 and whose purpose is to carry out all insurance and reinsurance operations in Tunisia and abroad, proposed to the Ordinary General Meeting (AGM) of May 15, 2026 the distribution of a total dividend of 13.050 million dinars (4.437 million dollars), announced the leaders of this company based in Tunis. Based on the 4,500,000 shares that make up the company’s share capital, the dividend per share amounts to 2.900 dinars payable from June 8, 2026. The financial statements of the…

At the end of the 2024 financial year, the decentralized financial systems (SFD) of the West African Monetary Union (UMOA) falling under Article 44 of the law regulating SFDs (activity level reaching a threshold of 2 billion CFA francs in outstanding deposits and loans) saw their profit decrease by 29% compared to that of 2023,...

The Togolese State, through its Public Treasury, raised on March 20, 2026 on the financial market of the West African Monetary Union (UMOA) an amount of 27.5 billion CFA francs (49.5 million dollars) following an auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) of 3 and 5 years....

After a decade of reforms focused on macroeconomic consolidation, President Talon’s record now serves as a springboard for a new ambition. At the Palais des Congrès in Cotonou, candidate Wadagni unveiled on Saturday, March 21, during a keynote, a 2026-2033 program where the macroeconomic strength he himself built becomes the engine of an unprecedented social shield. His promise: to use the power of the modern state to develop territories and create opportunities for youth, under the banner “Further Together.” In the West African political landscape, Benin has distinguished itself over the past decade with budgetary rigor and remarkable investments in…

Gathered on Tuesday, March 17, 2026 in Paris, the Ministers of Finance and Economy, the governors of central banks, and officials from the CEMAC and France primarily displayed a line of continuity: preserving macroeconomic stability, accelerating reforms, and strengthening the existing monetary and financial partnership. In other words, at this stage, no major upheaval is...

At the end of its meeting on March 17, 2026 at the Tunisian Government Palace in the Kasbah, a restricted ministerial council, chaired by the Head of Government, validated the restructuring plan of the company Les Ciments de Bizerte, specializing in the manufacture and sale of cement, lime, and clinker, announced the leaders of this...

At first glance, the comparison may seem unbalanced. On one side, Vietnam, a country of 100 million inhabitants, long considered a second-tier emerging economy. On the other, an African continent with 1.4 billion inhabitants, rich in resources, demographic growth, and massive insurance needs. However, the numbers speak for themselves: with 3.7 billion dollars in non-life...

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 March 18, 2026 at the West African Monetary Union (UMOA) financial market, Mali, through its Public Treasury, raised 53.673 billion CFA francs (97 million dollars). The issuer had put up for auction 50 billion CFA francs. In response, investors submitted a total of 98.286 billion CFA francs, representing a coverage rate of 196.57% of the amount put up for auction. Out of the amount of submissions, the Malian…

At the end of an auction of treasury bills with maturities of 91 and 182 days organized on Thursday, March 19, 2026, the Beninese Public Treasury received an amount of 33 billion CFA francs (59.4 million dollars) on the financial market of the West African Monetary Union (UMOA). The amount put up for auction by...

“The trade balance of Senegal reached a deficit of 112.2 billion CFA francs (-202 million dollars) in January 2026, compared to a surplus of 280.5 billion CFA francs (+505 million dollars) in the previous month, according to data from the National Agency of Statistics and Demography (ANSD) based in Dakar. “This situation is mainly explained...

There are now 396 million French speakers in the world, and 65% of them live in Africa. These figures come from the 6th edition of the report by the Observatory of the French Language of the International Organization of La Francophonie (OIF) published on the eve of March 20, International Francophonie Day. The document, the result of rigorous scientific work, estimates that French is now the 4th most spoken language in the world, up from 5th place in 2022. The progression is remarkable compared to 2010 when French speakers did not exceed 220 million. From 274 million in 2014, 300…