Author: Dominique Mabika

The third ordinary meeting of the Council of Ministers of the West African Monetary Union (Umoa) for the year 2025 began on Monday, October 6, at the headquarters of the Central Bank of West African States (BCEAO) in Dakar, Senegal. This session, chaired by Adama Coulibaly, Minister of Finance and Budget of Côte d’Ivoire and current President of the Council, is being held against the backdrop of a resilient regional economic dynamic. According to the agenda, the discussions will focus on a substantial agenda covering key areas of regional integration. Under the UEMOA, ministers will review, among other things, the…

The third ordinary meeting of the Council of Ministers of the West African Monetary Union (UMOA) ended on Monday, October 6 at the headquarters of the Central Bank of West African States (BCEAO) in Dakar. This session was marked by a symbolic transfer of power between Adama Coulibaly, Minister of Finance and Budget of Côte...

The Ivorian government adopted, on Wednesday, October 1st, a set of major measures aimed at modernizing and strengthening the retirement system for private sector workers. These ambitious reforms of the General Regime of Salaried Workers (RGTS) reflect the authorities’ desire to improve the social protection of retirees and their families. The first advancement concerns the substantial increase in minimum pensions. The minimum pension amount is doubled, from 30,000 to 60,000 CFA francs, benefiting 39,156 retirees from 2026. In the same spirit, the minimum proportional pension is raised from 30,000 to 37,000 CFA francs, improving the income of an additional 6,027…

The Inter-African Institute for Insurance and Business Management (IFAGE) launched, on October 1st in Dakar (Senegal), the exams for the first Professional Certification in Reinsurance (CPR) dedicated to Francophone Africa. According to the organizers, this event marks a historic milestone in strengthening skills in the reinsurance sector on the continent. The main objective of this...

The life insurance sector in Namibia recorded an increase in its results in 2024. According to the 2025 annual report from the Namibia Financial Institutions Supervisory Authority (NAMFISA), the overall pre-tax profit has indeed jumped by 64.4%, reaching 4.2 billion Namibian dollars (approximately $242 million USD). This performance is mainly attributed to the increase in...

Dakar, Senegal – The Central Bank of West African States (BCEAO) officially launched, on Tuesday, September 30, 2025, a financial revolution for the West African Economic and Monetary Union (UEMOA): the Interoperable Instant Payment System Platform, called “PI-SPI.” Designed and operated by the BCEAO, this regional infrastructure aims to redefine the payment experience for the...

According to a national survey conducted by the National Federation of Consumer Associations in partnership with the Ministry of Industry and Trade, seven out of ten Moroccans have at least one insurance policy. The study reveals a clear predominance of car insurance (60%), followed by health insurance (50%), home insurance (40%), and finally life insurance (30%). The survey, conducted with a representative sample of 4,040 people spread across the 12 regions of the Kingdom, shows that car insurance remains the most widespread (60%), followed by health insurance (50%), home insurance (40%), and life insurance (30%). These figures demonstrate a progressive…

The Banque Centrale Populaire (BCP) group recorded an increase in its results in the first half of 2025. Consolidated resources increased by 5.5%, reaching approximately 36.2 billion euros (393.9 billion MAD), driven by both the rebound in agricultural value added and the growth of non-agricultural value added. In this dynamic, gross loans to customers strengthened...

The Egyptian Financial Regulatory Authority (FRA) has launched a national training strategy aimed at shaping the future leaders of the insurance sector. This initiative, carried out in collaboration with local insurers, universities, and international institutes, aims to fill the gap in managerial skills and prepare the market for future challenges. Led by the Financial Services...

Telephone solicitation outsourced to North Africa is now in the sights of the Prudential Control and Resolution Authority (ACPR). The French regulator reminds insurers and brokers of their obligation to strictly comply with European regulations. During the Brokerage Days on September 16 and 17, the Authority emphasized that prospecting from a country outside the European...

AtlantaSanad Assurance presented, on Thursday, September 18, a virtual assistant based on artificial intelligence dedicated to policyholders. Named “Assia”, the new tool is the first of its kind initiative in the insurance sector in Morocco. Rather than just a chatbot, Assia is presented as a virtual advisor according to its creators. She assists clients in...

The Tunis Stock Exchange closed the session on Thursday, September 18 with a slight increase. The Tunindex rose by 0.15% to reach 12,362.30 points. The trading volume reached nearly 2.8 million euros (9.7 million TND), supported notably by the activity of banking stocks. The National Agricultural Bank (BNA) stood out with a 3% jump in...

In Morocco, the Insurance and Social Welfare Control Authority (ACAPS) inaugurated on Thursday, September 18, 2025, “EDUCAPS”, a digital platform designed to enhance understanding of fundamental concepts related to insurance and social welfare. This initiative is part of ACAPS’s missions, which aim to protect insured persons, affiliates, and beneficiaries of rights in the sectors under...

In Uganda, insurance companies have been called upon to make their products more transparent and their claims processes faster in order to restore public trust. The call was made by Rita Namakiika Nangono, President of the Insurance Appeals Tribunal (IAT), during a meeting of insurance company executives held on September 11, 2025 in Kampala. According...

The South African group Discovery, specializing in health insurance, announced an increase in its results for the fiscal year ending on June 30, 2025. Both the main profit and the normalized main profit have indeed increased by 30%, reaching respectively 9.6 billion ZAR (554.7 million USD) and 9.8 billion ZAR. This growth is part of...

BNA Insurance held its first financial communication as a publicly traded company on the main market of the Tunis Stock Exchange on Wednesday, September 17. The interim financial statements as of June 30, 2025 show a 6% increase in net income, which amounts to 7.2 million dinars (approximately 2.1 million euros). The turnover reached 93.4...

The Association of Kenyan Insurers (AKI) is calling for joint action between the Ministry of Education, schools and universities, as well as other stakeholders, to establish a coordinated strategy to improve insurance coverage and risk management in schools. Among the proposed measures are the creation of insurance policies combining fire, theft, accident and liability coverage,...

Gathered in Dakar on Wednesday, September 17, 2025, the Monetary Policy Committee (MPC) of the Central Bank of West African States (BCEAO) kept its key interest rates unchanged, with a refinancing rate at 3.25%, the marginal lending facility at 5.25%, and deposit remuneration at 3%. While the decision reflects a situation marked by robust growth...

On Wednesday, September 17, 2025, in Dakar, the Monetary Policy Committee (MPC) of the Central Bank of West African States (BCEAO) decided to keep its key rates unchanged, including the refinancing rate at 3.25% and the marginal lending facility rate at 5.25%. The deposit facility rate for credit institutions remains at 3%. This decision is...

The third meeting of the Monetary Policy Committee (MPC) of the Central Bank of West African States (BCEAO) for the year 2025 opened on Wednesday, September 17 in Dakar (Senegal), under the chairmanship of Jean-Claude Kassi Brou. The discussions focus on the report on monetary policy in the Union, with an examination of the recent evolution of the international and domestic economic environment, growth prospects, and short- and medium-term risks. In his opening speech, the governor provided an overview of the global economic situation, highlighting the strong uncertainties related to the imposition of new tariffs between the United States and…

The Nigerian insurance market is entering a new phase with the implementation of a recapitalization exercise that will be completed by July 2026. Companies, faced with the difficulty of raising new capital, are exposed to a wave of mergers, acquisitions, or, failing that, forced liquidations. This transformation is part of the Insurance Industry Reform Act...

The aviation insurance market in Zimbabwe is experiencing a period of significant contraction due to a limited number of operators and the country’s persistent economic difficulties. According to the Insurance and Pensions Commission (IPEC), the segment’s revenues stood at only USD 0.45 million in the first quarter of 2025, a 73% drop compared to the...

The World Trade Organization (WTO) announced on Monday, September 15, the entry into force of an agreement aimed at limiting public subsidies that fuel overfishing worldwide. This is a step long demanded by scientists and environmental advocates for the protection of the oceans. The WTO’s first multilateral text dedicated to environmental sustainability, the Agreement on...

Stellantis, the multinational automotive group, and AXA announced on Monday, September 15, the completion of the sale of 80% of the capital of AXA Crédit, the Moroccan consumer credit subsidiary of AXA Assurance Maroc. The operation was carried out by Fidis S.p.A., a subsidiary fully owned by Stellantis. As part of this transaction, a strategic...

The General Confederation of Moroccan Companies (CGEM) announced the renewal, for a period of three years, of the Corporate Social Responsibility (CSR) Label of CAT Insurance & Reinsurance. This distinction recognizes the integration of sustainable development principles into the company’s strategy and governance, in accordance with the nine axes of the CGEM’s CSR charter. The...

The Malian government announced, following the council of ministers on September 10, 2025, the creation of a national reinsurance company. This new entity aims to capture a larger share of resources from the local insurance market and strengthen the sector’s contribution to the national economy. This initiative is in response to the observation that, although...

Algeria has announced the creation of a special fund aimed at financing African startups, thus affirming its willingness to actively participate in the technological and economic development of the continent. This initiative is part of a strategy to diversify an economy still largely dependent on hydrocarbons, by focusing on innovation, entrepreneurship, and youth. The announcement...

The Mutual Insurance of Education (MAE Assurances), specializing in child and family protection, has implemented a conversational agent based on artificial intelligence. According to the institution, this tool is not intended to replace human relationships, but to support and strengthen them. It aims to facilitate access to services, relieve advisors in their daily tasks, and...

The Egyptian Financial Regulatory Authority (FRA) has released its 2024 annual sustainable development report, focusing on the evolution of green finance and sustainability in the non-banking financial sector. The document highlights the regulatory measures adopted in line with the country’s climate goals, Egypt’s Vision 2030, and international standards. One of the major achievements of the...

Inflation in Egypt continued to slow down in August, according to data published jointly by the Central Agency for Public Mobilization and Statistics (CAPMAS) and the Central Bank of Egypt (CBE). On an annual basis, it fell to 12.0%, down from 13.9% in July, marking a significant decline in inflationary pressures, according to a statement...