Author: Dominique Mabika

The Cameroonian state-owned airline Camair-Co reduced its net loss for the second consecutive year in 2025, while remaining structurally deficit. It was reduced to 4.7 billion CFA francs (about $7.7 million), compared to 5.5 billion CFA francs in 2024, while cash flow strengthened. The financial statements published by the company report an improvement in commercial activity, but show that its recovery remains largely supported by state subsidies. Revenue increased by nearly 8%, to 24.5 billion CFA francs (about $40.8 million), compared to 22.7 billion CFA francs a year earlier. This growth is driven by increased revenues from air transport and…

The Algerian public pharmaceutical group SAIDAL achieved a record turnover of 44.04 billion Algerian dinars in 2025, equivalent to around $326 million, an increase of 98.43% compared to the previous year. These results were presented at the general assembly held on June 29, 2026. This growth is explained by an increase in sales. The group...

Adenia Partners, a private equity firm specializing in sub-Saharan Africa, has acquired a majority stake in Minet Group, one of the leading independent insurance brokers and risk management consulting firms in the African continent. This stake was acquired from Capitalworks. Formalized on Wednesday, July 1, the transaction was completed on June 30, 2026, after obtaining...

At its second regular annual session on June 29, 2026 in Yaoundé, the Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) decided to reduce all of its key interest rates as well as the required reserve ratios for credit institutions, in order to support financing of the economy within the CEMAC....

Equity Group Holdings continues its diversification in financial services. Gathered on June 24, 2026, during the 22nd Annual General Meeting of the group, shareholders approved the creation of three new insurance companies in Kenya and the Democratic Republic of Congo (DRC), subject to obtaining the required regulatory approvals. This expansion will be carried out through...

The UEMOA Media Platform awarded its Excellence Awards to journalists in Dakar on Thursday, June 25, on the sidelines of the International Forum on Economic Press in West Africa (FIPE-UEMOA). This first distinction honors media professionals whose work contributes to a better understanding of the economic and financial issues facing the community. The first prize was awarded to Aïcha Fall from the Senegalese media outlet Seneweb. Moustapha Toumbou, also from Seneweb, won the second prize. The third distinction went to Nadège Koffi from Afrique Économie (Ivory Coast). Through these awards, the platform aims to salute the courage, rigor, and quality…

Issues related to intra-UEMOA trade and the African Continental Free Trade Area (AfCFTA), including regulatory harmonization and trade development, were central topics at the first International Forum of Economic Press of West Africa (FIPE-UEMOA), held from June 24 to 25, 2026 in Dakar, under the theme: “Innovating for the economic future of West Africa.” Bringing together experts in international trade, regional economic integration, and trade negotiations, as well as representatives from civil society, this panel highlighted the necessary reforms to strengthen regional economic integration. According to Momar Ndao, president of the Consumers Association of Senegal (ASCOSEN), several obstacles still hinder…

The Egyptian President, Abdel Fattah al-Sissi, approved on June 24, 2026, a 15% increase in retirement pensions starting from July 1, 2026. This measure, which is expected to benefit around 11.5 million retirees and beneficiaries according to the National Authority for Social Insurance, aims to support the purchasing power of pensioners in an economic context...

Gathered in Dakar as part of the first International Forum of Economic Press of West Africa (FIPE-UEMOA), experts in public finances, tax officials, and civil society actors emphasized the central role of tax harmonization, transparency, and the fight against corruption in the success of regional economic integration. Speaking at a panel dedicated to governance and regional economic policies, Ndèye Nangho Dioum, Inspector of Taxes and Domains of Senegal, pointed out that the coordination of fiscal policies is an essential pillar of any integrated economic space. According to her, tax harmonization helps to avoid harmful tax competition between states and ensure…

The African Export-Import Bank (Afreximbank) has released its 2026 edition of the African Trade Report, titled “Leveraging Geopolitics for Trade and Industrialisation in Global Africa”. The report highlights the remarkable resilience of African economies in an international context marked by slowing global growth, geopolitical tensions, and supply chain reconfigurations. While global economic growth stood at...

The first International Forum of Economic Press of West Africa (FIPE-UEMOA), also known as the West Africa Eco Forum, opened on Wednesday, June 24th in Dakar. Under the theme “Innovating for the economic future of West Africa”, this first edition aims to be a space for dialogue dedicated to regional economic issues. According to its promoters, the initiative aims to improve the circulation of economic information and enhance the visibility of West Africa to investors. Regional integration at the heart of discussions Representing the Senegalese Minister of Industry and Commerce, Paul Faye, Deputy Director of Foreign Trade, highlighted the role…

The Housing and Development Bank (HDB) announced the distribution of free shares to its shareholders, at a rate of one new share for each share held before the capital increase. According to a press release published on June 22, 2026, shareholders and purchasers of shares registered until the close of the stock market session on...

Flat6Labs and the International Finance Corporation (IFC), in collaboration with the Algerian Ministry of Knowledge Economy, Startups, and Micro-enterprises, have announced the launch of StartAlgeria, a capacity-building program aimed at supporting the Algerian entrepreneurial ecosystem. According to the press release published on Tuesday, June 23, the program primarily targets Entrepreneur Support Organizations (ESOs), including incubators and support structures for young companies. Unlike programs focused solely on financing or accelerating startups, StartAlgeria aims to enhance the capabilities of organizations that support them, especially those assisting projects in the pre-seed and seed stages. The program is designed to provide them with working…

Eight months after the historic signing on October 13, 2025, Saudi energy giant Midad Energy is now operational on Algerian soil. The Ministry of Energy and Mines announced this month the official launch of the first phase of its $5.4 billion production sharing contract, signed with Sonatrach, the national oil and gas company, in the...

Delta Insurance Company (DEIN) announced the distribution of free shares at a rate of 0.1 share for each share held before the capital increase. This operation concerns shareholders and buyers of shares until the close of the stock market session on Tuesday, July 7, 2026. It will take effect from the session on Wednesday, July...

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has provided insurance coverage for the construction of the Akii-Bua Olympic Stadium in Uganda. The project represents a total contractual amount of approximately $130 million, with a guarantee of $65 million and a coverage rate of 90% against the risk of default on...

Moroccan specialist in couscous and pasta, Dari Couspate, officially announced on June 20, 2026 the completion of the acquisition of the real estate and industrial assets of Grandes Semouleries du Maroc S.A. Initiated in January 2025, this strategic transaction involves a durum wheat processing plant with a capacity of 240 tons per day, located in...

An agreement of USD 1 billion has been signed between the International Islamic Trade Finance Corporation (ITFC) and the Government of Burkina Faso to support trade finance activities over the next five years in the agriculture, energy, health, and private sector development sectors. This new agreement will provide a framework for continued financing between the financial institution and the country. Signed on the sidelines of the 2026 Annual Meetings of the IDB Group in Baku, this new framework builds on the longstanding partnership between ITFC and Burkina Faso, notably marked by the level of implementation of the previous EUR 900…

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDB), has announced its support for the financing of Phase II of the Lagos-Calabar coastal highway in Nigeria, through an insurance coverage of $626 million. The agreement was signed on the sidelines of the IDB...

The International Islamic Trade Finance Corporation (ITFC) has concluded a framework agreement of 750 million dollars with the Republic of Djibouti to strengthen their cooperation in trade financing over the period 2026-2029. This commitment is in line with the strategic partnership that has united the institution and the country for several years. Under this new agreement, ITFC will mobilize financial resources to support Djibouti’s development priorities. Cooperation will focus on key sectors such as energy, food security, health, and trade financing for the private sector. Djibouti, a logistical and commercial platform in the Horn of Africa, heavily relies on trade…

Africa Specialty Risks (ASR), a group specialized in insurance and reinsurance in emerging markets, has announced the appointment of Yassine Asskour and Keith Barrett to underwriting positions. According to the company, these recruitments are part of its growth strategy to strengthen its technical capabilities and presence in African and London markets. Based in Casablanca, Yassine Asskour joins ASR as a property insurance underwriter. He has over eight years of experience in the insurance and reinsurance sectors in Africa. Prior to joining ASR, he held the position of senior facultative non-life reinsurance underwriter for African markets at Atlantic Re. He also…

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IDB), and the Ivorian government have signed a framework agreement for $750 million to support the implementation of the National Development Plan (NDP) 2026-2030, according to a statement released on Thursday, June 18. Signed on the sidelines of the IDB Group’s 2026 Annual Meetings in Baku, this commitment aims to strengthen strategic sectors of the Ivorian economy and promote growth driven by the private sector. With a budget of $750 million, this new agreement represents a tripling of the amount of the previous cooperation framework…

Tunisian insurer STAR closed the 2025 fiscal year with a net profit of nearly 40 million Tunisian dinars, approximately 13.5 million dollars, an increase of 34% compared to the previous year. This performance was achieved in a context of strong growth in the Tunisian insurance market and improvement in the company’s technical indicators. According to...

The National Insurance Commission of Nigeria (NAICOM) has officially returned operational control of African Alliance Insurance Plc to a new board of directors and a new management team appointed by the company’s shareholders. This decision comes after the satisfactory conclusion of the regulatory intervention initiated by the supervisory authority in October 2024. This transition marks...

The net assets of Collective Investment Schemes in Securities (OPCVM) in Morocco reached 830.14 billion dirhams (approximately $91.3 billion) as of June 12, 2026, up 0.4% from the previous week, according to the latest data published by the Moroccan Association of Management Companies and Investment Funds (ASFIM). Since the beginning of the year, the sector’s...

The General Authority of the Suez Canal Economic Zone (SCZone) launched an industrial project in the tire sector on June 17, 2026, led by the Chinese group Longmarch, one of the world’s leading tire manufacturers for trucks and industrial use. The total investment is estimated at 9.5 billion Egyptian pounds, or approximately $190 million. The...

The Islamic Corporation for the Insurance of Investment and Export Credit (SIACE) has published its 2025 Annual Development Effectiveness Report (ADER), entitled: “Anchoring Sustainability: Boosting Trade, Investment, and Development Impact in a Resilient Manner”. The document was made public on the sidelines of the 2026 Annual Meetings of the Islamic Development Bank Group (IDB), held in Baku, Azerbaijan, from June 16 to 19, 2026. The report provides evidence-based analysis of how Sharia-compliant credit insurance and political risk coverage solutions deployed by SIACE contribute to transforming risk management into tangible development outcomes in member countries. It highlights their role in strengthening…

The World Bank Group and the African Development Bank Group announced that their joint initiative “Mission 300” has connected over 50 million people to electricity in 40 African countries. This major milestone brings the continent closer to the ambitious goal of providing access to electricity to an additional 300 million people by 2030. According to the two institutions, the pace of electrification has significantly accelerated since the launch of the program, with progress now nearly twice as fast as at the beginning of the initiative. This momentum is supported by investments covering the entire energy value chain – production, transmission,…

The net foreign assets (NFA) of the Central Bank of Egypt (CBE) stood at $15.22 billion at the end of May 2026, slightly up from $15.16 billion recorded at the end of April, according to official data from the institution. This development is part of a gradual consolidation trend in the country’s external position, which began with the return to positive territory of the NFA in May 2024. Across the entire banking sector – including both the Central Bank and commercial banks – net foreign assets reached approximately $22.9 billion, equivalent to 1,229 billion Egyptian pounds in April 2026, up…

From June 24 to 26, 2026, the Senegalese capital will host the first edition of the International Forum of Economic Press in West Africa (FIPE-UEMOA), under the theme: “Innovating for the economic future of West Africa”. This regional event aims to become a reference platform for dialogue between economic media, public decision-makers, and development actors. The forum will bring together specialized journalists, government officials, representatives of regional and international institutions, development banks, private sector operators, agricultural stakeholders, as well as entrepreneurs and innovators from African technological ecosystems. An organization supported by community institutions The FIPE-UEMOA is organized by the UEMOA…