Author: Félix NZALÉ

The Commercial Court of Dakar ruled on Thursday, February 26, in favor of Credit du Senegal SA in the dispute against Senbiscuits SA and its director Said Tarraf Koujock, validating a conservatory mortgage of 500 million FCFA and jointly condemning the defendants to damages. and interests. In its decision, the commercial jurisdiction declared admissible both...

Coris Bank International Senegal (CBI SA) won its case on Wednesday, February 11, in the dispute with Société Africaine Tous Travaux Aménagement et Réalisation (Sattar Btp SA) and its director Mouhamadou Lamine Diop. During the hearing, the dispute centered around an opposition filed by Sattar Btp SA against a claim made by Coris Bank in...

Representatives of Petrosen Trading & Services SA and Allianz Senegal Assurances SA were at the commercial court of Dakar on Friday, February 6, to settle their dispute arising from the execution of an insurance contract between the two companies. The subsidiary of the public group Petrosen (National Oil Company of Senegal) sought the condemnation of...

It is a court decision that illustrates, in many ways, the willingness of the National Bank for Economic Development (BNDE SA) to secure its financial support and enforce guarantee mechanisms in the financing of companies, especially in the agro-industrial sector, a pillar of Senegal’s economic development policy. Indeed, the BNDE obtained a favorable decision from...

Attijariwafa Bank SA group, through its subsidiary CBAO, was in court on Monday, February 2 in front of the Dakar commercial court in a legal confrontation with INGECO SA, a company specializing in engineering, technical studies, and construction project implementation. At the end of the proceedings, INGECO SA was jointly condemned with its director Anna...

The decision was highly anticipated; it was announced this Wednesday, January 28th: the company Global Services Equipment (SGE Sarl) has been ordered to pay Bridge Bank CI nearly 350 million CFA francs in a dispute regarding the non-compliance with financial commitments made by GSE to the bank, which were not honored within the agreed deadlines....

At the opening of the 7th edition of the Financial Afrik Awards on Friday, January 23 in Banjul, Gambian President Adama Barrow made a pressing appeal to financial institutions, especially banks, to become central partners in financing infrastructure in Africa. In a speech marked by “strategic urgency,” he emphasized that the development of resilient partnerships between Africa and the Arab world would necessarily require a concrete and massive financial commitment from the banking sector. The head of state identified banks as key players in realizing projects in the key sectors he listed. He thus invited these institutions to direct their…

Facing the rapid increase in public debt and the tightening of international financing conditions, public-private partnerships (PPPs) are increasingly emerging as a strategic solution for African states in search of sustainable financing, if well structured. The topic was at the heart of a panel organized on Thursday, January 22 as part of the 7th edition of the Financial Afrik Awards taking place in Banjul, Gambia. Bringing together public decision-makers, financial experts, and private sector actors, this meeting explored alternatives to traditional borrowing, in an economic context marked by growing budget constraints for many African countries. In several African economies, public…

South African pharmaceutical company Aspen Pharmacare announced on Monday, December 29th, the sale of its main Asia-Pacific operations (excluding China) to Australian private equity fund BGH Capital for 2.37 billion Australian dollars, approximately 1.59 billion US dollars. This transaction, which includes markets in Australia, New Zealand, Hong Kong, Taiwan, Malaysia, and the Philippines, is part...

It is a dispute between BGFIBank and E-Doley Finance dating back to 2013, concerning a partnership for the mobile payment solution “E-DoleyCash by BGFIBank”. The fintech accuses the bank of having abusively terminated the contract, then exploited its technology without authorization or respect for the initial financial commitments. The amounts at stake are considerable, amounting...

The International Monetary Fund announced on Wednesday, December 10, that it has reached an agreement at the staff level with the Ethiopian authorities as part of the fourth review of the 3.4 billion USD loan program. Once approved by the board of directors, this agreement will pave the way for a disbursement of 261 million...

Swakop Uranium, a subsidiary of China General Nuclear Power Group (CGN), has signed a joint venture agreement with NamWater for the construction of Namibia’s second desalination plant, located near Swakopmund in the Erongo region. The facility aims to “secure water supply for the Husab uranium mine,” the world’s largest open-pit mine, as well as to “support the needs of local communities.” According to a joint statement released on December 9, 2025, negotiations have now been finalized, paving the way for the implementation phase. The joint venture, named Erongo Sunam Desalination Project, will be owned 70% by Swakop Uranium and 30%…

The Central Bank of Nigeria (CBN) has announced the granting of definitive licenses to 82 bureau de change (BDC) in accordance with its revised regulatory framework that came into effect on November 27, 2025. This decision comes after a large-scale cleaning operation carried out last year, during which 4,173 licenses were revoked for non-compliance with...

The Democratic Republic of Congo (DRC), the world’s largest cobalt producer, has implemented new conditions for cobalt exporters, according to a government circular. The new regulations require mining operators to pay a 10% royalty within 48 hours of shipment and obtain a certificate of compliance. This change comes after the lifting of an export ban...

The Central Bank of Egypt (CBE) decided on Thursday, November 20, to keep its interest rates unchanged, opting for a cautious stance in the face of the recent acceleration of inflation, as the national economy approaches full capacity. The Monetary Policy Committee thus kept the deposit rate at 21% and the lending rate at 22%....

Exxon Mobil has lifted the force majeure clause that has paralyzed its mega liquefied natural gas (LNG) project in Mozambique, known as Rovuma LNG, for several years. The announcement was made on Thursday, November 20th by the company’s management. As a reminder, the group had suspended its activities after TotalEnergies halted its own LNG export...

Airtel Africa announced one of the best performances on the FTSE 100 this year, placing it just behind Fresnillo. The pan-African telecommunications giant, present in 14 countries, is benefiting from renewed investor interest in an African sector that has long been undervalued. The stabilization of the naira, which has returned to 1,447.79 NGN/USD after significant...

TotalEnergies and Chevron are leading the competition to acquire an operational stake of 40% in Mopane, one of Galp’s key assets in Namibia, according to sources close to the matter contacted by Reuters. The Mopane block, with estimated reserves of at least 10 billion barrels, represents one of the country’s most promising projects. Galp plans...

The Moroccan Capital Market Authority (AMMC) has approved the listing of Société Générale des Travaux du Maroc (SGTM), a key player in the national construction sector. The operation, open for subscription from December 1st to 8th, 2025, is expected to have its first listing on December 16th. The group aims to raise up to 5.04...

South African operator Telkom announced on Tuesday, November 18, a 16.4% increase in its earnings per share (HEPS) for the first half ending on September 30, supported by the continued implementation of its data-focused strategy. Majority-owned by the state, the group reported an HEPS of 305.6 cents, compared to 191.5 cents a year earlier. Consolidated...

The dispute between Senegalese businessman Papa Ousmane Baba Thierno Anne and Ecobank Senegal SA has turned in favor of the subsidiary of the banking group based in Lomé (Togo). The decision confirms the validity of the debt and guarantees put in place by the pan-African institution. At the heart of the dispute was a debt...

Annual inflation in urban consumer prices rebounded to 12.5% in October 2025, according to data published by the national statistics agency CAPMAS, breaking a downward trend observed for the past four months. In September, the rate was 11.7%. A survey of fourteen analysts predicted a median inflation of 12%, with some anticipating the impact of...

Morocco continues its upward trajectory in the tourism sector. By the end of October 2025, the Kingdom welcomed 16.6 million visitors, according to figures revealed by Fatim-Zahra Ammor, Minister of Tourism, Handicrafts, and the Social and Solidarity Economy. A “historic record” that confirms the country’s positioning as an “attractive destination” for visitors and investors. This...

The Nigerian National Petroleum Corporation, NNPC Ltd, is seeking technical and financial partners to revitalize its three refineries, which have remained idle despite significant investments, announced its managing director, Bayo Ojulari, in a message posted on the social network X on Thursday. With a combined capacity of 445,000 barrels per day, these refineries, alongside the...

The Commercial Court of Dakar ruled on the dispute between Etablissement Modou Mbacké Mar (ETS 3M), represented by Me Fara Gomis, and Bank of Africa (BOA), assisted by Me Houda & Associates. The dispute concerned a request for the cancellation of a protest issued following an unpaid amount on commercial papers. Claiming that the protest...

Uganda’s coffee exports saw a strong increase in September, with a rise of 59% compared to the previous year, according to data released on Wednesday, October 29 by the Ministry of Agriculture. Uganda, the leading African coffee exporter, shipped 844,949 60 kg bags during the month, compared to 532,212 bags in the same period the...

Senegal’s eurobonds recorded a decline on Tuesday, following Prime Minister Ousmane Sonko’s statements announcing an upcoming reduction in electricity tariffs and fuel prices. This announcement, seen as a measure to support purchasing power, has reignited investors’ concerns about the country’s budget trajectory, even as Dakar is in advanced discussions with the International Monetary Fund (IMF)....

The Caisse de Dépôt et de Gestion (CDG) group has announced an investment program of 16 billion dirhams over the period 2026-2028, which is approximately 1.73 billion USD. After allocating 693 million dollars for 2025, the institution plans to invest over 645 million in 2026, 585 million in 2027, and around 500 million USD in...

The Nador West Med (NWM) Company is setting course for 2026 with an ambitious acceleration strategy. It has announced the start of development work on the energy, industrial, and logistics storage areas of the port, alongside the completion of the desalination plant. Several structuring projects will support this momentum: extension of the 840-meter West quay,...

Chinese mining giant China Molybdenum Co Ltd (CMOC) has announced an investment of $1.08 billion for the expansion of its KFM (Kisanfu) copper mine, located in the Democratic Republic of Congo (DRC). This initiative will add approximately 100,000 metric tons to the site’s annual production. According to the group, the second phase of the KFM...