Author: Félix NZALÉ

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...

TotalEnergies and its partners have lifted the force majeure clause on their mega liquefied natural gas (LNG) project in Mozambique, initially valued at $20 billion, which was halted since 2021 following attacks by armed groups in the province of Cabo Delgado. In a statement, the French group confirmed the official notification sent to the Mozambican...

Shell has given the green light to the development of an offshore gas project in Nigeria, in partnership with Sunlink Energies, marking a new milestone in the Anglo-Dutch group’s strategy to strengthen its presence in global liquefied natural gas (LNG). Named project HI, this development aims for a production capacity of 350 million standard cubic...

Optasia, an international fintech specializing in AI-based financial services, has announced its intention to list on the Johannesburg Stock Exchange (JSE), with the goal of raising up to 6.3 billion rand, or approximately $375 million. In a statement released on Wednesday, October 8, the company specified that this fundraising will be done through a combination...

The budget deficit of Morocco has deteriorated significantly during the first nine months of 2025, reaching $5.05 billion by the end of September, compared to $2.6 billion at the same period in 2024, according to the latest data published by the General Treasury of the Kingdom (TGR). The same source mainly attributes this worsening to the reversal of the balance of the Treasury’s special accounts and autonomously managed State Services (SEGMA), which shifted from a surplus of $1.7 billion in 2024 to a deficit of $200 million this year. On the revenue side, the indicators remain positive. Ordinary revenues increased…

The Parainvest-CSE group has been officially designated as the successful bidder for the Savana Hotel, which has been in liquidation since March 2023, for an amount of 10.524 billion CFA francs. This decision was made by the High Court of Commerce of Dakar on October 10, 2025, thus putting an end to the legal battle...

Algeria is strengthening its energy strategy with the signing, this Monday, of a $5.4 billion production sharing contract between the national company Sonatrach and Midad Energy North Africa, a subsidiary of the Saudi group Alturki Holding. According to Reuters, this strategic partnership focuses on the exploration and development of hydrocarbons in the Illizi basin, in...

The French media group Canal+, recently listed on the London Stock Exchange, announced on Monday its intention to proceed with a secondary listing on the Johannesburg Stock Exchange (JSE), following its acquisition of the South African company MultiChoice. This announcement comes after the completion in September 2025 of the acquisition of MultiChoice for a sum...

The Central Bank of Kenya (CBK) has decided to lower its benchmark rate for the eighth consecutive meeting, reducing it by 25 basis points, from 9.50% to 9.25%. This new monetary policy decision comes at a time when inflation remains well below the Central Bank’s target range, providing room for further easing. In a statement,...

The African Development Bank (AfDB) plans to provide a new loan of $500 million to Nigeria by the end of the year as part of a $1 billion overall budget support program. This decision comes in response to the economic reforms initiated by the administration of President Bola Ahmed Tinubu since his inauguration in May...

QatarEnergy officially announced on Sunday, October 5th, the acquisition of a 27% stake in the North Cleopatra offshore block, located in the eastern Mediterranean Sea, from Shell. The Qatari oil company made the announcement in a press release. This transaction, subject to approval from Egyptian authorities, marks “an important step in Qatar’s national oil company’s...

The International Monetary Fund (IMF) did not ultimately submit the crucial waiver related to a false debt declaration to a vote on Friday, October 3rd, a prerequisite for Senegal’s access to new financing. According to two sources close to the matter contacted by Reuters, although the issue was on the agenda of the board of...

The Casablanca Stock Exchange has reported an “exceptional” first half of 2025, with a 48.2% increase in consolidated profits of listed companies, totaling $2.53 billion. This performance includes an exceptional effect of $134 million related to the partial settlement of the dispute between Maroc Telecom and Wana Corporate. According to data published by BMCE Capital...

In a decision rendered in the first instance, on Tuesday, September 23, the Court condemned ACE Global Senegal SA to pay the company AMAFRIQUE SA the sum of 358.5 million CFA francs, an amount accompanied by an additional condemnation of 30 million CFA francs for abusive resistance. An addition that amounts to nearly 400 million...

The Ethiopian Prime Minister Abiy Ahmed appointed Eyob Tekalign as the governor of the Central Bank on Friday, September 19, replacing Mamo Mihretu who resigned. This decision comes in the context of deep economic reforms initiated since Abiy came to power in 2018, aiming to liberalize an historically centralized economy. As Minister of State for...