Author: Albert Savana

“The cumulative revenues of the venture capital investment company Tuninvest Société d’Investissement à Capital Risque (SICAR), created in 1994 and whose purpose is to participate in the capital of companies in order to restructure them and create value, recorded a significant increase of 172% at the end of the first nine months of the 2025...

In the first half of 2025, the tax-free turnover of Servair Abidjan, specialized in aircraft refueling, increased by 10% compared to the same period of the 2024 fiscal year, announced the leaders of this company based in Abidjan. The certified half-yearly activity and results table by the auditors highlights a turnover of 6.584 billion FCFA...

Ethiopia has failed to reach an agreement with its eurobond holders after several months of formal negotiations that began in 2025. According to sources close to the matter, the discussions did not lead to a consensual restructuring of the country’s only Eurobond, amounting to $1 billion, which matured in December 2024. The main sticking point...

At the end of their Ordinary General Meeting (OGM) on September 28, 2025, the shareholders of the public limited company Carthage Medical, specialized in the production, marketing, and export of pharmaceutical products and medical devices, decided to allocate the deficit result of the 2024 fiscal year to the Retained Earnings account, announced the leaders of...

Businessman Mamy Ravatomanga extricated himself from the Malagasy turmoil on the night of October 12. After midnight, his Cessna 5R-HMR from Trans Ocean Airways landed on the tarmac of Plaisance, in Mauritius. Officially, a simple emergency landing. Unofficially, a carefully orchestrated escape. According to reports, he is said to be placed under house arrest in...

At the end of August 2025, gold and cocoa were the only main raw materials exported by the countries of the West African Economic and Monetary Union (WAEMU) to have recorded price increases, according to data from the Central Bank of West African States (BCEAO), based in Dakar. Gold saw its price increase by 36.3%...

At 92 years old, Paul Biya follows a pre-written script. The presidential elections on October 12, 2025, organized in a quiet atmosphere, seem tailor-made to open the door for an eighth term for him. The strongman of Yaoundé, in power since 1982, is once again preparing to extend the world record for the longest reigning...

Moody’s Investor Services has downgraded Senegal’s sovereign credit rating from B3 to Caa1, with a negative outlook. This decision, made public on October 10, 2025, raises serious concerns about the sustainability of the public debt and the liquidity of the Senegalese government. What does a Caa1 rating mean? The Caa1 rating is considered highly speculative and very risky. It reflects a high risk of default in the event of economic or financial shocks. In comparison, investment grade ratings (A, Baa) indicate a better credit quality, while Caa1 falls into the category of high yield bonds, often called junk bonds. The…

On October 10, 2025, S&P Global Ratings upgraded Egypt’s long-term sovereign credit rating from “B-” to “B”, while confirming the short-term rating at “B”. The agency also raised the transfer and convertibility assessment to “B” from “B-” previously. The outlook remains stable. Growth and Macroeconomic Reforms: This upgrade reflects the reforms implemented since 2024, including...

“In August 2025, Guinea’s trade balance showed a surplus of 2,302.2 billion Guinean francs (GNF), equivalent to 276.264 million dollars, compared to a deficit of 535.0 billion GNF (64.200 million dollars) the previous month, according to data from the National Institute of Statistics (INS) based in Conakry. “This improvement is mainly explained by the surpluses...

The consolidated profit of the Zellidja group, whose activities are organized around trading, hotel operation, and real estate sectors, recorded a 9.03% increase at the end of the first half of 2025 compared to the same period in 2024, announced the leaders of this company based in Casablanca. This revenue amounted to 374 million dirhams...

On November 3 and 4, 2025, Casablanca will become the focal point of African finance. For its fifth edition, the Africa Financial Summit (AFIS) presents an impressive lineup: finance ministers, central bank governors, heads of banking groups, and institutional investors. The event is shaping up to be the major meeting of decision-makers who think—and shape—the financial sovereignty of the continent. A stage where politicians and financial strategists intersect At the forefront are the top financial leaders of the continent. Morocco will be represented by Nadia Fettah, Minister of Economy and Finance, and Abdellatif Jouahri, Governor of Bank Al-Maghrib, a symbol…

The provisional total volume of public securities issuances (treasury bills and bonds) through auctions projected by the member countries of the West African Economic and Monetary Union (UMOA) for the 4th quarter of 2025 amounts to 2,344 billion CFA francs (4.219 billion dollars), according to a note sent to investors by Mrs. Oulimata Ndiaye Diassé,...

Funding granted by the Central Bank of West African States (BCEAO) in the West African Economic and Monetary Union (WAEMU) money market experienced a slight decrease of 0.3% in August 2025 compared to the previous month, according to data from the Dakar-based issuing institute. The average amount of this funding amounted to 7,994.2 billion CFA...

Libreville, October 6, 2025 – Radical decision by the Gabonese government: all pending payment orders at the Treasury dating back to before 2023 are simply deleted. The announcement was made by the Minister of State in charge of Economy, Finance, Debt and Investments, in an official statement published on October 6, 2025. This measure is...

Lomé, October 6, 2025 – By increasing the size of its sovereign credit insurance policy to 297.6 billion CFA francs (454 million euros), the West African Development Bank (BOAD) is taking a new step in the active management of its sovereign risk and in mobilizing long-term resources. “This mechanism enhances our risk profile and that...

According to information obtained by Financial Afrik, no recapitalization or sale file has yet been officially submitted to the Central Bank of West African States (BCEAO) or the banking commission. “In any case, as far as the increase in capital is concerned, the subsidiaries will submit their files separately,” confides an internal source close to the regulator, specifying that the chosen architecture will be fragmented rather than consolidated. This requirement follows the decision of the UMOA Council of Ministers on December 21, 2023 in Cotonou to increase the minimum capital of banks from 10 to 20 billion CFA francs, a…

On September 30, 2025, the scheduled date for the release of the initial capital of the Confederation Bank for Investment and Development of the Sahel States Alliance (BCID-AES), passed without any joint statement or official announcement. Neither in Niamey, nor in Ouagadougou, nor in Bamako, did the “white smoke” appear. The institution, presented as the...

Economic activity (excluding agriculture and forestry) in Senegal recorded a 10.1% increase on a monthly basis at the end of July 2025 compared to the previous month, according to data from the Directorate of Forecasting and Economic Studies (DPEE) based in Dakar. According to this organization, the increase in economic activity took place “thanks to...

Shareholders of Vivo Energy Côte d’Ivoire, specialized in the distribution of petroleum products, will receive on October 22, 2025, for the 2024 financial year, a gross total dividend of 5.390 billion CFA francs (9.702 million dollars), announced the leaders of this company based in Abidjan. Based on the 63 million shares that make up the...

On October 1, 2025, the Public Treasury of Mali raised an amount of 37.626 billion CFA francs (67.727 million dollars) on the West African Monetary Union (UMOA) financial market through 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....

The outstanding loans granted by the Decentralized Financial Systems (SFD) of the West African Monetary Union (UMOA) recorded a 2.4% decrease at the end of the first quarter of 2025 compared to the previous quarter, according to data from the Central Bank of West African States (BCEAO) based in Dakar. This outstanding amount stood at...

Ivory Coast made a big splash on the regional financial market by raising 110 billion CFA francs (198 million USD) on September 30, 2025, during an auction of Treasury assimilated bonds (BAT) for 91 days. This success confirms Abidjan’s position as the driving force of the sovereign debt market in the WAEMU, with nearly 45%...

Djibouti, September 30, 2025 – According to a statement from the presidency received by Financial Afrik, the Republic of Djibouti has won a decisive victory against the Emirati operator DP World before the London Court of International Arbitration (LCIA). In a ruling issued on September 29, the tribunal dismissed in their entirety DP World’s claims,...

The State of Guinea Bissau raised on September 29, 2025, on the financial market of the West African Monetary Union (UEMOA), an amount of 16.025 billion CFA francs (28.845 million dollars) through a simultaneous auction of Treasury bills (BAT) with a maturity of 350 days and Treasury bonds (OAT) with a maturity of 3 years....

The consolidated profit of the ENNAKL Automobiles group, specialized in car dealership, rental, and sale of car spare parts, recorded a 5.16% increase at the end of the first half of 2025 compared to that of the 2024 fiscal year, announced the leaders of this Tunis-based company. The consolidated financial statements of the period under...

Banque Atlantique, a subsidiary of the pan-African Group Banque Centrale Populaire (BCP), officially launched the Coffee-Cocoa 2025-2026 campaign during a ceremony held in Abidjan on September 24, 2025. The event took place in the presence of Mrs. Naziha BELKEZIZ, President of the Group, key players in the sector, as well as institutional and industrial partners. The initiative demonstrates the Group’s commitment to supporting the transformation and valorization of the agricultural chain, a key sector for Ivorian and regional economic growth. The strong mobilization of Coffee-Cocoa sector actors, including producers, cooperatives, industrialists, and exporters, highlights the central role of the sector…

The latest report on the Container Port Performance Index (CPPI), jointly published by the World Bank and S&P Global Market Intelligence and covering the period 2020-2024, confirms the growing importance of African hubs in the global reconfiguration of logistics chains. The evaluation, based on the analysis of 403 ports across more than 175,000 ship calls...

The profit of Bank OF Africa (BOA) Mali, a member of the Moroccan banking group BMCE Bank, increased by 29% in the first half of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Bamako. This profit reached 6.206 billion CFA francs (11.170 million dollars) compared to...

“In the second quarter of 2025, industrial turnover in Senegal increased by 24% compared to the same period in 2024, according to data from the National Agency of Statistics and Demography (ANSD) based in Dakar. According to the ANSD, this increase is due to “the improvement in turnover of extractive industries (+69.5%) and to a...