Author: Félix NZALÉ

TotalEnergies, the energy giant, has announced the signing of an offshore exploration permit contract in the Republic of Congo, thus strengthening its strategic position in sub-Saharan Africa, a key market for major players in the oil industry. This new permit, acquired in the “F” marine block of the country’s offshore zone (the Nzombo zone off...

Société Générale Côte d’Ivoire is reported to have a net profit increase of 10%, reaching 53 billion CFA francs (89.3 million dollars) for the first half of 2025. The bank continues to strengthen its financial solidity, with a slight 1% increase in net banking income (NBI), reaching 132 billion CFA francs. However, the rise in...

Union Bank of Nigeria Plc is absorbing all activities and branches of Titan Trust Bank starting this Monday, September 1, marking a significant milestone in the consolidation of the Nigerian banking sector. The announcement of the completion of this merger was made by Union Bank on Sunday, August 31, after approval from the Central Bank...

As of August 30, 2025, Egypt has an estimated GDP of $450 billion, representing a 4.5% increase compared to the previous year (2.4%). This was announced by the Minister of Finance, Ahmed Kouchouk, who believes that this performance is driven by reforms related to financing from the International Monetary Fund (IMF) and the increase in...

The Moroccan tourism sector continues to perform well in 2025, with positive indicators at the end of July. The reception of 11.6 million tourists, an increase of 16% compared to the same period of the previous year, has generated tourist receipts in foreign currency amounting to 67 billion dirhams (approximately $6.7 billion). This performance represents...

In its report published on August 28, 2025, the World Economic Forum (WEF) highlighted Rawbank’s role in structured financing in the Democratic Republic of Congo, presented as a model for the responsible development of critical minerals for the energy transition. The institution notably mentions Rawbank’s contribution to the Kamoa-Kakula copper project, for which it participated...

The Moroccan company Travaux de Généraux de Construction de Casablanca (TGCC) has seen a 50% increase in its revenue in the second quarter of 2025, supported by a strategic external growth operation. This is indicated in a statement from the company. This momentum allows the group to lay the foundations for a future integrated champion...

The Egyptian Ministry of Petroleum announced on Friday, August 29, the commissioning of two new deepwater wells in the Western Delta region, adding approximately 60 million cubic feet per day (mcfd) to the national production of natural gas. This initiative, part of a strategy to strengthen the country’s energy security, represents a total investment estimated...

Inflation in Kenya accelerated in August 2025, reaching 7.8% year-on-year, up from 6.1% in July 2025, according to data from the Kenya National Bureau of Statistics (KNBS). This increase is largely attributed to rising food prices and transportation costs. This inflationary pressure comes with growing challenges for the Kenyan economy as the country tries to...

The Central Bank of Egypt (CBE) announced on Thursday, August 28, a significant reduction of its key rates, lowering its rates by 200 basis points. This reduction is part of an ongoing monetary easing cycle aimed at supporting the economy as inflation slows down and growth strengthens. With this decision, the deposit rate has been...

South Africa announced on Thursday, August 28, as part of its G20 presidency, the creation of a high-level expert group tasked with examining global wealth inequalities and their impacts on growth, poverty, and the multilateral system. This unprecedented initiative within the G20 marks Pretoria’s clear intention to reposition global economic priorities in favor of greater...

The Nigerian conglomerate Dangote Industries Limited and the Ethiopian government, through Ethiopian Investment Holdings (EIH), have signed an agreement for the construction of a fertilizer manufacturing plant estimated at $2.5 billion. According to information reported by Reuters on August 28, 2025, the facility will be located in Gode, in the Somali region (southeast Ethiopia), and...

Egypt is taking a major step forward in its energy transition strategy. The government signed a $220 million land lease contract on Wednesday, August 27, with a consortium of investors from the United Arab Emirates, Bahrain, and China. The agreement focuses on the creation of an integrated industrial complex dedicated to solar energy production, located...

The Qatari investment fund Al Mansour Holding has signed a strategic agreement with the government of Mozambique for a $20 billion investment to support the country’s priority sectors, including energy and agriculture. The announcement was made by President Daniel Chapo’s office. This commitment is part of a series of recent investments by the fund in...

The Portuguese group Mota-Engil, active in the construction, infrastructure, and services sectors, announced a net profit of 59 million euros in the first half of 2025, up 20% compared to the same period last year (49 million euros). This result, described as a “historic record” by the group, is mainly driven by the strong performance...

The famous Tsavo Reserve, one of the largest protected areas in East Africa, is facing a major threat with the announced end of financial support from the United States Agency for International Development (USAID) in January 2025, according to conservationists. This funding, which was supposed to extend until 2027 and amounted to over 2 million...

The Egyptian Ministry of Petroleum, Karim Badawi, announced on Tuesday, August 26, the drilling of three new wells (Zohr 6, Zohr 9, and Zohr 13) in the Zohr offshore gas field, operated by the Italian group Eni. With an estimated cost of $320 million, this campaign, according to authorities, aims to slow down the natural...

The New Development Bank (NDB), a multilateral financial institution created by BRICS countries, announced on Monday, August 25, 2025 the appointment of Rajiv Ranjan, a senior official at the Reserve Bank of India, as vice president. Currently the Executive Director of the Reserve Bank of India (RBI) and a member of the Monetary Policy Committee...

The South African petrochemical group Sasol is trying to limit the impact of the new customs duties imposed by the United States on its chemical exports, which could affect sales by up to $80 million, said Chief Financial Officer Walt Bruns on Monday, August 25. Since this August, a 30% tariff imposed by the Trump...

Twelve (12) billion dollars to invest in sectors such as infrastructure, energy, mining, diamond refining, agriculture, tourism, cybersecurity, and defense. This is the sum promised by Qatar’s Al Mansour Holdings to Botswana, during a visit by a Qatari delegation on August 20, 2025. Officially, the mission was about investment to “explore strategic opportunities” and “strengthen...

At the end of its monetary policy meeting held on Thursday, August 21, the Central Bank of Botswana decided to maintain its key rate at 1.90%. This is the sixth consecutive meeting where no changes have been made in this regard. According to Botswana authorities, this decision reflects a “cautious approach to inflation under control...