Author: Dominique Mabika

The Agency for the Development and Supervision of Small and Medium Enterprises (ADEPME) launched a workshop for media professionals on Tuesday, November 18th in Dakar. This meeting aims to present the institution, its 2025-2029 strategy, its missions, and the impact results recorded in recent years. Discussions focused on several areas: raising awareness about the challenges...

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the only Sharia-compliant multilateral insurance company and a member of the Islamic Development Bank Group, and the African Export-Import Bank (Afreximbank) have signed a memorandum of understanding to strengthen their collaboration in support of trade and investments between Arab and African countries. The...

In a new report dated November 10, 2025, the international rating agency AM Best highlights that the results of the National Insurance Company (SAA), the public insurer, are mainly driven by strong investment income. It confirms its financial strength rating at “B” (Satisfactory) and the long-term issuer credit rating at “bb+” (Satisfactory), both with stable...

The National Savings and Insurance Fund (CNEP-Bank) and Cash Assurances have signed a strategic partnership aimed at promoting the marketing of insurance products related to real estate risks. The objective is to strengthen the protection of real estate assets, facilitate access to insurance services, and support financial inclusion, in line with the national strategy to...

Vicenne, a Moroccan company specializing in medical equipment and technological solutions for the healthcare sector in Morocco and French-speaking Africa, achieved a consolidated turnover of 696 million dirhams (approximately 75.2 million USD) in the first nine months of 2025, up 25% from the 557 million dirhams (approximately 60.2 million USD) recorded in the same period...

The African Development Bank Group (AfDB) has approved a $310 million financing for FirstRand Bank, a subsidiary fully owned by the FirstRand Group. This support aims to expand access to credit for micro, small and medium enterprises (MSMEs) in South Africa, with a particular focus on businesses owned or led by women and those active...

The European Bank for Reconstruction and Development (EBRD) has announced a new investment of $40 million in Infinity, an Egyptian company specializing in renewable energy. This investment aims to support projects by Infinity Power, a subsidiary of the group, which is currently developing nearly 3 gigawatts of renewable capacity in several key markets across the...

The Moroccan insurance and reinsurance sector continues its recovery momentum, initiated in 2024. According to data published by the Insurance and Social Welfare Supervisory Authority (ACAPS), the market recorded a total revenue of 37.7 billion dirhams (approximately 4.07 billion dollars) in the first half of 2025, an increase of 7.7% year-on-year. Direct insurance premiums increased...

Egypt is preparing to issue a new offer of sovereign sukuk worth 200 billion Egyptian pounds (approximately $4.1 billion) by the end of 2025, announced the Ministry of Finance responsible for fiscal policies. This initiative is part of the government’s strategy to diversify public financing sources and stimulate private sector participation in the national economy....

The Rwandan government aims to facilitate access to financing for farmers, cooperatives, and SMEs engaged in green agriculture. This initiative is part of the fifth strategic plan for agricultural transformation, launched in December 2024, which aims to strengthen food systems, promote inclusive growth, and increase resilience to climate change, according to the Ministry of Agriculture...

The Central Bank of West African States, through its training and research center, the West African Center for Banking Training and Studies (COFEB), organized on November 7 in Dakar the awarding of certificates for the Executive Strategic Banking Management Program – Level 2, in partnership with HEC Paris. Intended for leaders and executives in the banking and financial sector, this program strengthens skills in strategic management, digitalization, innovative financing, and financial technologies. The result of thirteen years of collaboration between BCEAO, COFEB, and HEC Paris, CEMSTRAT 2 is establishing itself as a regional reference in banking leadership in the WAEMU…

The Central Bank of West African States (BCEAO), through its training and research center, the West African Center for Banking Training and Studies (COFEB), organized in Dakar the certificate award ceremony for the Executive Management Strategic Banking Program – Level 2 (CEMSTRAT 2), in partnership with HEC Paris. This program, aimed at executives and senior managers in the banking and financial sector, aims to develop new managerial postures to enable participants to effectively mobilize and support their organizations in implementing their vision and strategic ambitions. Focused on performance, leadership, and digital transformation, the program highlights modules dedicated to strategic management,…

The African Export-Import Bank (Afreximbank) has approved a $1.3 billion financing for the construction of an ammonia and urea plant in Angola, announced the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. With a total estimated cost of $2 billion, the project is being developed as a joint venture between the state-owned company...

At the 2nd edition of the West Africa Sustainable Finance & Investment Forum (WASFIF 2025), the CEO of BRVM, Dr Edoh Kossi Amenounvé, delivered an analysis on the levers of financing growth in Africa, around the theme: “Sustainable finance in Africa, what levers for accelerating development?”. According to him, Africa faces a dual imperative: greening its economy while strengthening its capacity for internal financing, so that climate change does not become a lasting economic catastrophe. The CEO of BRVM pointed out that the continent’s financing needs have quadrupled in twenty years, without a significant increase in Africa’s share of foreign…

The Senegalese capital is hosting the 2nd edition of the West Africa Sustainable Finance & Investment Forum (WASFIF 2025) since Thursday, October 30th. The forum, themed “Green finance, a financing tool for the economies of the Union”, is organized by the Financial Markets Authority of the West African Monetary Union (AMF-UMOA). This event brings together public decision-makers, institutional investors, private sector actors, and technical partners with a common goal: to accelerate the transition towards sustainable and inclusive finance within the Union.

During the 2nd edition of the West Africa Sustainable Finance & Investment Forum (WASFIF 2025), held under the theme “Green finance, a financing instrument for the economies of the Union”, Olivier Buyoya, Regional Director for West Africa at the International Finance Corporation (IFC), delivered a presentation on the theme “Sustainable finance: history, future, challenges and opportunities”. This was an opportunity for the Burundian to provide an overview of the evolution of sustainable finance on a global and regional scale, highlighting the transition from the first socially responsible investment funds of the 1980s to the era of green and social bonds…

The Senegalese capital is hosting the 2nd edition of the West Africa Sustainable Finance & Investment Forum (WASFIF 2025) on October 30, the West African Forum on Sustainable Finance and Investment, this year under the theme: “Green finance, a financing instrument for the economies of the Union”. Organized by the Financial Markets Authority of the West African Monetary Union (AMF-UMOA), this event brings together public decision-makers, institutional investors, private sector actors and technical partners around a common goal: to accelerate the transition towards sustainable and inclusive finance within the Union. This edition aims to build on the achievements of the…

The Algerian insurance market continued to grow in the first half of 2025, mainly supported by the strong performance of the automobile sector. According to the latest report from the National Council of Insurance (CNA), the overall turnover of the sector reached 99.3 billion dinars (approximately 736 million dollars), representing an 8.1% increase compared to...

The Transitional Legislative Assembly (ALT) adopted, on Tuesday, October 28, the bill confirming the dissolution of the Independent National Electoral Commission (CENI), an institution now considered unsuitable for the political and institutional context of Burkina Faso. According to the Parliament radio, this dissolution is part of the authorities’ desire to “rationalize institutions” and ensure better...

The Central Bank of Egypt (CBE) announces that it has withdrawn nearly 3 billion dollars (equivalent to 146 billion Egyptian pounds) in liquidity from 13 banks during its weekly auction in the open market, at a yield rate of 21.5%. This operation is part of the liquidity management policy implemented by the institution to regulate...

Mozambique has received a $2 million insurance payout to protect itself against the effects of drought during the 2025-2026 agricultural season. This is the third consecutive year that the country has benefited from this coverage under the African Development Bank’s (AfDB) African Disaster Risk Financing Initiative (ADRiFi). The announcement was made in Maputo during the...

The Moroccan government presented, on October 21st, a draft law reforming the compensation system for victims of road accidents, currently governed by a decree dating back to 1984. This long-awaited reform aims to adapt the legal framework to current economic and social realities. According to the government, the text seeks to establish a “balance between...

The Kenyan Insurance Regulatory Authority (IRA) published on October 22, 2025, a draft amendment aiming to introduce coverage for risks related to holding cryptocurrencies. This reform aims to protect consumers against losses resulting from fraud, hacking, or theft, while promoting innovation in the sector. According to the text, “digital asset insurance” will be recognized as...

In Egypt, the General Authority for the Suez Canal Economic Zone (SCZone) announced that it has secured a long-term bank financing of 30 billion Egyptian pounds (approximately $635 million) from the Commercial International Bank (CIB). This partnership is part of the SCZone’s strategy to modernize ports, complete infrastructure projects, and support energy and industrial projects in the related economic zones. With a duration of 17 years, this funding includes the restructuring of a previous loan of 10 billion pounds ($212 million) and the granting of a new credit of 20 billion ($423 million) to support the development of the zone.…

East Africa Reinsurance Company (EARe) has seen AM Best confirm its financial strength rating of “B” (fair) and its long-term issuer credit rating of “BB+” (fair), with a stable outlook. The agency highlights the company’s very strong capitalization and adequate operational performance, despite a limited business profile and room for improvement in risk management. EARe’s...

The British group Energean announced on October 24th the signing of a 15-year contract worth $4 billion for the transportation of natural gas from Israel to Egypt through the future Nitzana gas pipeline. This agreement, concluded with the Israeli public pipeline operator, is part of a broader energy partnership between the two countries. The contract...

The Kuwaiti Egyptian Holding Company (EKHO) announced that it has approved the sale of its entire stake in Delta Insurance Company (DEIN), representing 63.39% of the capital, at a price of 40 Egyptian pounds per share. This decision was made during a board meeting held on October 22, 2025. The transaction follows a purchase offer...

The Nigerian Council of Registered Insurance Brokers (NCRIB) anticipates a rise in the insurance penetration rate in Nigeria to reach 3% over the next three years, up from approximately 0.5% currently. This growth is expected to be driven by the full implementation of the Insurance Industry Reform Act (NIIRA) 2025, which aims to strengthen the...

The Central Bank of Egypt (CBE) announced that remittances from Egyptians working abroad have seen a significant increase in the first eight months of 2025 (January-August), reaching around $26.6 billion, compared to $18.1 billion in the same period in 2024, representing a 47.2% growth. According to the CBE, this increase reflects the improved confidence of...

The Kenyan parliament has adopted a bill on virtual asset service providers. This initiative aims to boost investments in the sector by establishing a clear and secure regulatory framework for this booming industry. The vote was carried out last week, Kuria Kimani, chairman of the National Assembly’s Finance Committee, told the local press on Monday,...