Author: Félix NZALÉ

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...

BFA bank, one of the leaders in the Angolan banking sector, is launching its initial public offering (IPO) on Friday, September 5. The operation is set to be the largest ever carried out in Angola, as it could raise up to $240 million. “This offer represents a unique opportunity to attract international investors due to...

Cora Gold released, on September 3, 2025, the results of a feasibility study on its Sanankoro gold project, located in Mali, with an estimated initial investment of $124 million. This amount includes a provision of $8 million for contingencies, and will be used to finance key stages of the development of this mine, which could...

The British International Investment (BII), a British development financing institution, has announced a $7.5 million investment in the Nigerian agro-technology platform Babban Gona. This funding, made public on September 2, 2025, aims to improve agricultural yields, incomes, and climate resilience for 140,000 smallholder farmers in northern Nigeria by 2029. Babban Gona operates in a region of Nigeria that, despite accounting for over 50% of the national maize production, faces several structural challenges. It is noted that food insecurity, inadequate financing, and the intensification of extreme weather events pose constant threats to local agricultural production. This situation underscores the need to…

In South Africa, Precious Mmabakwena Edward has been appointed, with immediate effect, as the head of the Independent Power Producers Office (IPPO), the national agency responsible for organizing the purchase of electricity from independent producers. Announced on Tuesday, September 2, this appointment comes from the Department of Electricity and Energy (DEE), the South African ministry...

Asian rating agencies CCXI and Japan Credit Rating Agency (JCR) have just confirmed Afreximbank’s strong performance, highlighting its financial robustness and strategic positioning. However, Fitch and Moody’s remain more reserved, warning that the bank’s stability will depend on its ability to manage sovereign risks and maintain prudent financial practices. CCXI, a Chinese rating agency, confirmed...

This year, two women, Mary Abukutsa-Onyango (Kenya) and Mercy Diebiru-Ojo (Nigeria), were honored for their contributions to transforming food systems in Africa by the African Food Prize, established in 2016 to replace the Yara Prize. The award ceremony took place in Dakar during the African Food Systems Forum (AFSF) which runs until September 5. The...

Egypt has the privilege of hosting, on Monday, September 1st, the first official G20 meeting on food security, a meeting taking place in Cairo for a duration of three days. This summit, as Egyptian authorities point out, holds a “special importance”, as it marks a historic first: for the first time, an official G20 meeting...

The South African steel industry is at a critical juncture. ArcelorMittal South Africa (AMSA), a subsidiary of the global steel giant, is set to cut over 4,000 jobs, according to the latest statements from the Solidarity union, exceeding the initial forecast of 3,500 layoffs announced earlier this year. This new social alarm comes as the...

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...