Author: Dominique Mabika

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The Central Bank of Egypt (CBE) announces that it has withdrawn nearly 3 billion dollars (equivalent to 146 billion Egyptian pounds) in liquidity from 13 banks during its weekly auction in the open market, at a yield rate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 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 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 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,...

Faisal Islamic Bank of Egypt (FAIT) has published its unaudited independent financial results for the fiscal year ending on September 30, 2025, showing a sharp 70.2% decrease in its net profit, to 2.47 billion Egyptian pounds (EGP), or approximately 79.8 million dollars, compared to 8.32 billion EGP (268.3 million dollars) a year earlier, according to...

The Insurance and Social Welfare Supervisory Authority (ACAPS) is strengthening its supervision system by developing a digital solution dedicated to monitoring content related to insurance products and services distributed on the Internet. With the growth of digital channels, websites, mobile applications, and social networks, the marketing of insurance products in Morocco is undergoing a profound...

New measure in the reinsurance sector in Kenya. Starting from January 1, 2026, the share of mandatory cessions to the Kenya Reinsurance Corporation (Kenya Re) will increase from 20% to 25%. Announced by the government, this decision is subject to public consultation and aims to strengthen the position of the public reinsurer and stabilize the...

The technical committees of the Egyptian Insurance Federation (IFE) are currently examining an innovative project: the study of a divorce insurance policy, a new line of business introduced by the Unified Insurance Law of 2024. This initiative is part of an unprecedented article in the new legislation, which now requires husbands to take out insurance...

The Union of Landlords in Ivory Coast (UBLCI) officially presented a new insurance scheme on October 1, 2025, aimed at easing tensions and securing relations between landlords and tenants. An initiative that aims to deeply modernize the Ivorian rental sector. This program, which combines comprehensive home insurance and life coverage, explicitly aims to reduce conflicts...

The Egyptian Financial Regulatory Authority (FRA) has approved a capital increase of 200 million Egyptian pounds (4.2 million USD) proposed by Delta Life Insurance Company. This operation will be carried out through the issuance of free shares. Ultimately, the issued and paid-up capital of the company is expected to increase from 400 to 600 million...

TAJBank Limited, one of the leading Nigerian banks offering interest-free loan products, has made a splash in the finance market. Its latest Mudarabah Sukuk bond issuance, valued at 20 billion nairas, was oversubscribed at 185.15%, garnering total commitments of 57.03 billion nairas from investors. This performance, in a Nigerian economic environment marked by inflation and...

S&P Global Ratings confirmed on October 10, 2025, Mozambique’s sovereign rating at “CCC+/C” for foreign currency debt, with a negative outlook, and at “SD/SD” (selective default) for local currency debt. This decision reflects persistent pressures on public finances, payment delays, and the country’s liquidity fragility. According to S&P, the Mozambican government is facing a continuous...

In a strategic move towards Africa’s financial autonomy, Kenya has announced an investment of $150 million in two pillars of continental finance. The country is increasing its stake in the Trade and Development Bank (TDB) by $100 million and injecting an additional $50 million in equity capital into the African Export-Import Bank (Afreximbank). This decision,...

Botswana has officially implemented new regulations requiring mining companies to allocate a minimum 24% stake to local investors in any new concession, in case the State chooses not to exercise its acquisition right. The announcement was made on October 10 by the Ministry of Minerals and Energy, marking a major step in the country’s strategy...

The Ghanaian government has announced its plan to introduce a portion of the capital of the public reinsurance company Ghana Re to the Ghana Stock Exchange (GSE). The goal is clear: to strengthen the company’s financial base and open up its capital to private investors in order to stimulate its future growth. This initiative was...

Guinea Insurance Plc, a non-life insurer based in Nigeria, has unveiled its financial projections for the year ending December 31, 2025. It is noted, among other things, that the company anticipates a net profit after taxes of 2.21 billion nairas (approximately 1.4 million USD) by the end of the year. These detailed forecasts, formalized in...

The Japanese group NTN Corporation, a global player in the manufacturing of automotive components, is considering launching its first industrial project in Tunisia, announced the Ministry of Industry, Mines and Energy on Monday, October 6. This would also be the group’s first investment in this sector on the African continent, marking a strategic step in...

The Central Bank of Congo (BCC) announced on Tuesday, October 7, a decision to reduce its key rate from 25% to 17.5%, a decrease of 750 basis points. This measure, taken after a meeting of the Monetary Policy Committee (MPC), reflects the new team’s willingness led by Governor André Wameso to support economic recovery and facilitate access to credit. In an official statement, André Wameso also specified that the BCC has lowered the marginal lending facility rate from 30% to 21.5%, while the mandatory reserve ratios remain unchanged: 12% for sight deposits and 0% for term deposits in the national…

Nigeria is preparing for a new offensive on the international financial markets. President Bola Tinubu has requested authorization from Parliament to raise 2.8 billion dollars, combining the issuance of a groundbreaking international sovereign sukuk of 500 million dollars and the contracting of 2.3 billion dollars in new loans. This announcement was made in an official...

The Qatar National Bank (QNB) group announced that it has received official approval from the Central Bank of Egypt to create a new digital bank called ezbank. This initiative marks a new milestone in the development of the Egyptian financial sector and is part of the national strategy to promote financial inclusion and digital transformation....

The Burkina Faso Council of Ministers adopted five decrees on October 2, 2025, marking a decisive step in the reform of the social protection system. At the center of these measures is the strengthening and sustainability of the Universal Health Insurance Scheme (RAMU), accompanied by a structural modernization of the administration. The first decree gives...

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…