Author: Nephthali Messanh Ledy

Bank of Africa Senegal recorded a net profit of 21.9 billion CFA francs (36.5 million USD) in 2025, up 10.1% year-on-year, supported by the growth in banking revenues, cost control, and an improvement in the cost of risk, according to financial and market data. The annual performance reflects a growth in net banking income, up by about 4.6% to 51.9 billion CFA francs (86.5 million USD), driven by interest income and commissions from credit and banking services activities. Over the first nine months of the year, net banking income amounted to around 58 billion CFA francs (96.7 million USD), confirming…

AfrexInsure, a specialized insurance subsidiary of Afreximbank, has appointed Zimbabwean Lesley Ndlovu as the new CEO, succeeding Jonas Mushosho. The appointment took effect last January. Lesley Ndlovu brings extensive experience in specialized insurance, having held leadership positions at AXA Specialty, AXIS Capital, and as CEO of African Risk Capacity. He is known for developing complex insurance products tailored to local markets while integrating international standards. AfrexInsure was established to reduce African companies’ reliance on offshore markets and retain premiums on the continent. The organization provides commercial insurance and trade-related risk management solutions, supporting economic development within the framework of the…

Togolese authorities responded to the press in Lomé on Friday, February 27, to the announcement of Ghana’s referral to the International Tribunal for the Law of the Sea regarding the dispute over maritime borders between the two neighboring West African countries. “This procedure is regulatory normal, and the Togolese party intends to respond with all the elements at our disposal,” said Dammipi Noupokou, Togo’s lead negotiator in the case. In the presence of the Minister of Territorial Administration, Hodabalo Awate, and the President of Togo’s National Commission on Maritime Boundaries, the former Minister of Mines and Energy recalled the major…

After Senegal, which between September and October 2025 launched a similar mechanism raising over 450 billion CFA francs from the target audience, the government of Burkina Faso officially presented, on February 23, 2026, its project of a “Diaspora Bond”, a bond issuance exclusively intended for Burkinabes residing abroad. With a declared amount of 240 billion CFA francs (around 366 million euros), this initiative is part of a financing strategy led by the government of Captain Ibrahim Traoré. The official launch of the subscription is scheduled for March 16, 2026. During a webinar, chaired by the Minister of Foreign Affairs Karamoko…

The British bank Standard Chartered published, on February 24, 2026, its annual report for 2025 which announces, among other things, a cumulative loss of approximately $10 million from its divestment operations in Cameroon and Gambia, and a profit of $13 million from the sale of its WRB branch in Tanzania. The document presents, for Africa,...

In a diplomatic standoff highlighting the new practices of the Trump administration in international aid, Zambia has just refused to sign a memorandum of understanding (MOU) with the United States for over a billion dollars in health funding, stating that certain clauses of the agreement do not serve its national interests. The agreement in question was supposed to cover funding for essential programs to combat HIV/AIDS, malaria, tuberculosis, as well as epidemic preparedness, maternal and child health over a period of five years. This funding is vital for a country where American aid recently represented 367 million dollars per year…

The Commercial Court of Libreville rendered, on February 24, 2026, a long-awaited decision in a case that has been going on for 10 years: the outright rejection of a procedure initiated by the Congress of Public Servants (CAP) against Orabank, Ecobank and UBA Gabon, three local banks. Not because they were found innocent in the...

Since the announcement in early January of Abebe Aemro Selassie’s retirement as director of the International Monetary Fund’s (IMF) Africa department, the question of his successor’s profile has attracted significant interest. The first candidacies are emerging, and the selection process officially opened at the end of January 2026. Since taking over the Africa department in...

Bank of Ghana, the central bank of Ghana, officially launched a committee on February 10, 2026, tasked with attracting banks to the stock market. The initiative is presented as a strategic response to structural changes within the national financial system. It is primarily part of financial sector reforms aimed at strengthening the link between capital...

Sanlam Morocco’s net profit rose to 451 million dirhams (approximately 49.4 million USD) in 2025, compared to 418 million in 2024, representing an increase of 7.9%, according to data released by the company in a statement issued on Wednesday, February 11. Total revenue amounted to 6.195 billion dirhams (approximately 678.9 million USD), a decrease of 1.4% compared to 2024. In its statement, Sanlam Morocco stated that its “strong” financial performance mainly reflects the ongoing strategic adjustment of the Life business, largely offset by the strong performance of the Non-Life branch, which continues to show sustained and recurring commercial performance. “Given…

Uniwax S.A is once again under Ivorian control, under the auspices of the Ivorian Cotton Company S.A. (COIC), as part of a change of ownership. Indeed, we learn from sources close to the matter that an agreement has been reached for the transfer of the majority stake of the company specializing in textile manufacturing, also...

Jules Ngankam, Managing Director of the African Guarantee Fund (AGF) since 2020, left his position on January 30, 2026 within the group he joined in 2013 as Chief Financial Officer. In a message posted on social networks on February 8, the Cameroonian financier hailed a milestone that he considers the “greatest honor” of his professional life, without however communicating about his future plans. “We warmly thank Jules Ngankam, whose term as group Managing Director ended on January 31, 2026. His leadership has been crucial in strengthening the impact and effectiveness of the AGF on the continent,” the group announced the…

Angola and Namibia, both of which had expressed interest in buying the 85% stake of the South African group Anglo American in its subsidiary De Beers, could join Botswana, which already holds 15% of the company, in the project to sell the world’s leading diamond company. Indeed, sources indicate that the three states have opened...

The General Cobalt Company (EGC), a subsidiary of the General Quarries and Mines Company (Gécamines), and the trading company Trafigura have agreed on the first delivery of copper and cobalt to global markets via the Lobito Atlantic Railway (LAR), the Atlantic railway of Lobito. Both parties indicate that this is a “key step in the...

Bank of Africa announced on Wednesday, January 21st that it has received approval as a Clearing Member, marking a major milestone in the gradual implementation of the futures market in Morocco. This authorization comes as market participants finalize the regulatory and operational frameworks necessary for the launch of this new financial segment. This new status...

Badanam Patoki, former president of the West African Monetary Union Financial Markets Authority (AMF-Umoa) before his appointment to the Togolese government on October 8, took office on Monday, the 13th, in Lomé as Minister of Economy and Strategic Monitoring. Taking over the Economy portfolio from his now colleague Essowè Georges Barcola, he declared during the...

He is one of the new members of the Togolese government whose list was communicated on October 8, 2025. Kossi Tenou, advisor to the governor of the Central Bank of West African States (BCEAO) since 2023, has been appointed Minister Delegate to the Minister of Economy and Strategic Monitoring in charge of Trade and Quality...

Until now president of the Financial Markets Authority of the West African Monetary Union (AMF-Umoa), Togolese Badanam Patoki, former official of the Ministry of Economy and Finance of his country, was appointed, this Wednesday, October 8, to the position of Minister of Economy and Strategic Monitoring by Faure Gnassingbé. Appointed in April 2021 at the head of the former Regional Council for Public Savings and Public Markets (CREPMF), Mr. Patoki thus enters the government with not only the portfolio of the Economy – which was previously attached to that of Finance – but also a brand new one, that of…

The Nigerian group Dangote has launched the construction of a $2.5 billion fertilizer plant in southeast Ethiopia, in partnership with Ethiopian Investment Holdings (EIH). Powered by local natural gas reserves (Hilala and Calub), the plant will produce 3 million tons of urea per year, making it one of the largest in the world. The project,...

Three agreements were reached by the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID) on the sidelines of the ECOWAS Investment Forum (EIF 2024), held on April 4th and 5th, 2024 in Lomé, Togo, in the presence of Victoire Tomegah-Dogbé, Prime Minister of Togo, George Agyekum Donkor, President of EBID, and representatives from Exim Bank India. The first agreement (worth $114 million) concerns a healthcare infrastructure project between EBID and the State of Niger, in Northwest Nigeria. The second agreement (worth $80 million) is signed between EBID and the Grand Trains of Senegal, while the…

The proceedings of the inaugural edition of the ECOWAS Investment Forum were launched on Thursday, April 4th, in Lomé, with the presence of Victoire Tomegah-Dogbé, the Prime Minister of Togo. Initiated by ECOWAS Bank for Investment and Development – EBID, in partnership with the government of the Republic of Togo and the government of India through Exim Bank India, this meeting is held under the theme “Transforming ECOWAS Communities in a Challenging Environment.” This theme “underscores the importance of collective action and innovation in overcoming the myriad challenges facing our region. From infrastructure development to food security, from climate change…

Announced for several months by the Togolese economist Kako Nubukpo, one of the defenders of the CFA franc, the general states of the Eco, the future single currency of the ECOWAS, are becoming clearer. The event organized by the University of Lomé – of which he was the short-lived dean of the Faculty of Economics – is being held from May 26 to 28, 2021 on the theme: “which currency for which development in West Africa? “. “The general objective of this conference is to make a forward-looking reflection on the future monetary union of ECOWAS in connection with the…

Under arrest since the end of April 2021, the former Togolese Minister of Communication, Djimon Oré, was sentenced on Tuesday, May 18 to 2 years in prison by the courts for insulting the authorities and disseminating false news. Arrested since April 29 and kept at the Central Service for Research and Criminal Investigations (SCRIC), he was presented to the public prosecutor and to the examining magistrate before being charged with breach of honor, attempted aggravated disturbances to public order and insults towards representatives of public authority. Djimon Oré was then deposited on May 14 in Lomé civil prison. His arrest…

African airlines have suspended flights to and from India, currently overwhelmed by the Covid-19 tsunami and its new variant causing a deadlier third wave. These are Kenya Airways, EgyptAir and RwandAir. If the Egyptian company plans a takeover on May 31, 2021, the two other carriers whose decision was announced earlier this month prefer the formula “until further notice”. In Kigali for example, in a statement released on May 1, Rwandair explains this suspension of flights by “the increase in Covid-19 cases across India”. For their part, Ethiopian Airlines, Air Tanzania and Air Mauritius are maintaining their flights to Indian…

The Gabonese president pleaded for Africa during his speech on April 22, 2021 at the Leaders Climate Summit organized by his American counterpart Joe Biden. According to a press release from the presidency, Ali Bongo Ondimba renewed his commitment to the environmental cause, by inviting his peers to support the acceleration of adaptation in Africa, by providing capital to the Green Climate Fund, including financing. of the climate debt of African countries. “On this subject, he noted the capital role played by the forests of the Congo Basin in capturing several billion CO2, thus helping to avoid a worsening of…

The “Kékéli Efficient Power” thermal power plant, developed in Lomé by the French group Eranove, will be inaugurated on April 23, 2021 in the port area of ​​the Togolese capital. The infrastructure has an installed capacity of 65 MW, and uses combined cycle technology, which produces more electricity without additional gas consumption and limiting CO2 emissions. According to information communicated in 2019 by Eranove, the Togolese State is a co-shareholder of the plant through the acquisition of a stake by Kifema Capital, an investment company whose shareholders are the sovereign fund Togo Invest, and other national institutions. . Kifema’s participation…

The official launch of the think tank “A new Road”, the first dedicated to African public debts, initially scheduled for April 21, 2021, will take place between May 5 and 6. Ivorian Prime Minister Patrick Achi, announced to chair the ceremony from Abidjan, having convened a government seminar from April 21 to 23, we learn. On the new date, the event will still take place in the Ivorian capital and will be broadcast by videoconference, sources close to the organization indicate. As a reminder, the new think tank was created at the initiative of Nicolas Jean, partner and member of…

It is a real earthquake that has been operating in recent hours in the world of European and world football. Between the Union of European Football Associations (UEFA) and the big European football clubs, war is declared. Despite repeated warnings from UEFA and warnings from Gianni Infantino, president of FIFA, the supreme body of world football, the elite of the big teams of European club football have decided to disregard and split for create a dissident league called the European Super League to compete with the traditional and historic Champions League (C1) organized each year by UEFA. The big financial…

The European Union (EU) and the Organization of African, Caribbean and Pacific States (OEACP, formerly the ACP Group of States) concluded this Friday, April 15, a new partnership agreement which marks the official conclusion of negotiations. the post-Cotonou agreement, which sets the framework for political, economic and sectoral cooperation for the next twenty years. This is the culmination of a process that will have lasted nearly 3 years between the two parties. An “arduous” negotiation process, notes the Togolese minister, representing the OEACP countries, in an official statement. “But I am delighted with the end result”, he added, adding that…

The stimulus bond issuance program (OdR), launched on the UMOA regional market in February 2021 by the UMOA-Titres agency in collaboration with the Central Bank (BCEAO), resulted in an overall raising of 578,523 billion FCFA in two months, against a forecast volume of 535 billion FCFA, with an overall coverage rate of the amounts put out to auctions of 240.58%. Information given in a press release published on April 12, 2021. This coverage rate “reflects a strong investor interest in government securities issued by Union issuers and their commitment to contribute to the economic recovery efforts of States in the…