Author: Félix NZALÉ

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...

Moody’s Investors Service has upgraded the outlook of Rwanda’s sovereign rating from “negative” to “stable”, while confirming the credit rating at B2. The agency explains its decision by the mitigation of geopolitical risks related to the conflict in the eastern Democratic Republic of Congo (DRC), as a result of intense diplomatic efforts supported by the...

The European Bank for Reconstruction and Development (EBRD), with the support of the European Union, the Green Climate Fund (GCF) and Canada, plans to provide financing of 65 million euros to Crédit du Maroc (CDM). This support, according to an EBRD document (GEFF+ project for CDM, ID 56695), aims to strengthen private investments in climate...

In a legal case between two major players in the Senegalese commercial sector, Entreprise Travaux Modernes (ETM) has been ordered by the Dakar Commercial Court to pay the sum of 219.4 million to CCBM Espace Auto, due to “abusive resistance” in a legal procedure. The case was judged in the first instance, publicly and with...

Zimbabwe has signed a $455 million concession agreement with Jindal Africa, a subsidiary of the Indian conglomerate Jindal Steel & Power, for the rehabilitation of the Hwange coal-fired power plant. The 15-year contract includes the refurbishment of six aging production units with a total capacity of 920 MW. The announcement was made by Energy Minister...

The Rwandan economy recorded a growth of 7.8% in the second quarter of 2025, a significant slowdown compared to the 10.2% recorded in the same period in 2024. This is revealed by the latest data published by the National Institute of Statistics of Rwanda (NISR). This slowdown is mainly explained by a decrease in performance...

The Bank of Ghana reduced its key rate on Wednesday, September 17. The indicator was lowered by 350 basis points, now standing at 21.5%, an “unprecedented adjustment” in the recent history of the institution. This decision comes in a context of continuous decrease in inflation and improvement in macroeconomic conditions. It follows a first 300...

The International Monetary Fund (IMF) continues its sectoral missions in Senegal, initiated after its last comprehensive assessment on August 26, 2025. This Monday, September 15, a team from the Bretton Woods institution was received by the General Directorate of Public Accounting and Treasury (DGCPT), as part of technical support focused on debt and treasury management....

The hearing initially scheduled for Tuesday, September 16, 2025, between Air Senegal SA and Intech Group, has been postponed to September 23, 2025, by decision of the president of the court, according to the Commercial Court of Dakar. This postponement aims to allow the parties to better prepare and refine their respective strategies, both in...

The Canadian group CGI, a global player in technology and management consulting, announced the completion of the acquisition of Apside, a French company specialized in digital services and engineering. This operation is part of a strategy to consolidate the European market and expand into the Maghreb region, particularly Morocco. With presence in France, Belgium, Canada,...

South Africa recorded a significant deterioration in its current account balance in the second quarter of 2025. According to statistics released on Thursday, September 11 by the South African Reserve Bank (SARB), the current account deficit widened to 1.1% of gross domestic product (GDP), compared to a revised deficit of 0.6% of GDP in the...

According to a legal summons dated August 26, 2025, Air Senegal SA is claiming from Intech Group the sum of 1,221,236,141 CFA as the principal, in addition to 50 million CFA as damages. The hearing is scheduled for September 16, 2025, before the Commercial Court of Dakar. This information was reported by the newspaper Libération....

The International Monetary Fund (IMF) has once again lowered its growth forecasts for Angola. In its report published in early September, the institution now expects a growth rate of 2.1% for the year 2025, down from 2.4% in its previous estimate, and 3% initially. This downward revision is due to the persistent weakness in oil production, a central pillar of the Angolan economy, and an unfavorable external environment marked by volatile oil prices. Beyond growth, the IMF is particularly concerned about the evolution of Angola’s public debt. While the country currently maintains an “adequate” debt repayment capacity, the risks associated…

Facing the United States’ withdrawal from the Paris Agreement, African leaders have announced their intention to propose a new global model to address the climate crisis. A new model that will be based on green investments and sustainable industrialization. Gathered at the second African Climate Summit, which opened on September 8, 2025 in Addis Ababa,...

The Egyptian government signed a strategic agreement on Sunday, September 7 with two heavyweights in Gulf real estate, Emaar Misr (United Arab Emirates) and City Stars (Saudi Arabia), to develop a vast tourist complex on the shores of the Red Sea. The agreement was signed at the government headquarters in Cairo, in the presence of...

After five days of exchanges in Dakar, the 2025 edition of the African Food Systems Forum (AFSF, the 16th) concluded on Thursday, September 4 with a positive and hopeful assessment for the future of agriculture on the continent, according to stakeholders. Organized around the theme “African youth: Spearheading collaboration, innovation and transformation of agri-food systems”,...

The member states of the West African Economic and Monetary Union (Umoa) plan to raise a total of 1,300 billion CFA francs (approximately $2.3 billion) on the regional public securities market between September and November 2025. This initiative, announced in the provisional schedule published by UMOA-Titres, the regional agency responsible for the management and promotion...