Author: The Editorial Staff

The new headquarters of Coris Bank International Burkina is officially open. The inauguration ceremony of this “iconic building with strong institutional value” took place on April 3, 2026, in the presence of Prime Minister Jean Emmanuel Ouedraogo. The construction cost is estimated at 19.6 billion FCFA. After 5 years of work, involving 5 specialized companies and an investment of 19.6 billion FCFA, a 14-story building emerged in the ZACA (Commercial and Administrative Development Zone) on Avenue Léo Frobenius in Ouagadougou. This large-scale project of Coris Bank International Burkina was officially inaugurated. It is a work designed in a “contemporary architectural…

The International Monetary Fund (IMF) announced on Friday, April 3, 2026, the intention of its Managing Director Kristalina Georgieva to appoint Mauritanian Zeine Zeidane as director of the Africa department. He will succeed Abebe Aemro Selassie, whose retirement is scheduled for May 1, 2026. The announcement was made official by the IMF in a statement released in Washington. This appointment places an experienced Mauritanian economist in a strategic position for relations between the Bretton Woods institution and sub-Saharan Africa, in a context marked by a growing demand for financing, economic policy advice, and technical support from countries in the region.…

Saham Bank is showing positive figures: a sharp increase in net profit in 2025, a PNB of 6.2 billion dirhams ($665.3 million), and an improved credit portfolio. The bank is strengthening its subsidiaries, continuing its digitalization through nabD, and increasing its dividend to 8 dirhams per share. A confirmed transformation momentum. The Moroccan bank recorded remarkable financial performance in 2025, marked by a significant increase in profitability. The group’s net profit reached 1.7 billion dirhams, up 117% compared to 2024, confirming the rapid improvement of the bank’s financial fundamentals. This performance comes in a specific context for the institution, which…

By Abderrahmane MEBTOUL, University Professor and International Expert with a Doctorate in Strategic Management. The USA-Israel-Iran conflict has a global economic impact, especially through the Strait of Hormuz where 20-25% of hydrocarbon flows transit, not to mention tensions in the Red Sea leading to fluctuating oil prices between $100-120 per barrel for Brent and $50-70 per megawatt-hour for gas (gas prices in Asia increased by over 140% after strikes on infrastructure in Qatar), affecting production and transportation costs. The OECD predicts that global inflation will be reignited, potentially reaching 4.2% in the United States (compared to the initially forecasted 2.6%)…

An editorial recognition sequence, institutional speeches, and continental validation confirm the increasing influence of the firm on strategic communication, influence, and narrative sovereignty issues in Africa. Dakar / Libreville — Global Mind Consulting, a pan-African firm specializing in strategic communication consulting, public relations, and executive coaching, announces a series of major developments that mark a new stage in its growth and influence on the continent. Over the past few weeks, several converging signals have confirmed the firm’s trajectory: prominent editorial recognition, increased presence in strategically important institutional spaces, and the consolidation of a professional legitimacy already recognized at the African…

BGFIBank Gabon reaches a new milestone. At a meeting on April 2, 2026, the bank’s Board of Directors approved the financial statements for the year ended December 31, 2025, and decided to propose a capital increase of 50 billion CFA francs at the next General Meeting of Shareholders, thereby raising the institution’s share capital to...

FedhEn Capital is taking a new step in structuring by announcing a series of strategic appointments at its helm, in a context of expanding its activities in Central Africa and strengthening its institutional framework. The brokerage and investment advisory firm has officially appointed Ms. Josiane Tchoungui as Chair of the Board of Directors. A recognized...

For a long time confined to a leisure activity, esports is gradually becoming part of a global industrial logic. In Africa, the movement is still diffuse, but some signals indicate a phase of structuring. Morocco is part of it. The African video game market, largely dominated by mobile, is experiencing sustained growth, higher than the global average. This dynamic is based on factors that are now well identified: a young population, rapid penetration of smartphones, and a strong increase in digital consumption. In this context, esports appears as a natural extension, still poorly structured but already carrying economic stakes. In…

The West African Development Bank (WADB) has approved an amount of USD 266.7 million and XOF 30 billion to support a portfolio of strategic projects in Nigeria, Gambia, Ghana, Senegal, and Ivory Coast. These approvals, endorsed during the 95th session of the Board of Directors held on March 30, 2026, demonstrate the Bank’s ongoing commitment to sustainable, inclusive, and resilient development in the region. In his opening remarks, the President of WADB and its Board of Directors, Dr. George Agyekum Donkor, highlighted the transformative scope of these new commitments:”These interventions reflect our ambition to support member states in structuring value-creating…

AXIAN Energy reaches a decisive milestone in Senegal. The group announced on April 2, 2026 the financial closing of the NEA Kolda photovoltaic plant, a structuring project of 60 MW coupled with 72 MWh of battery storage (BESS), now presented as the largest storage device associated with solar in West Africa. Located in Casamance, the...

In this interview granted to Financial Afrik on March 16th, Abdou Diop, Country Leader of Forvis Mazars in Morocco and member of the Group Governing Board, provides a clear analysis of the changes affecting the consulting industry and decrypts the ambitions of the firm in Africa. Interview conducted in Casablanca by Ismael Sy. In recent years, several major audit and consulting firms have reduced their presence or withdrawn from certain African markets, sometimes in the context of scandals or regulatory tensions. How do you analyze this withdrawal movement, and what does it say about the maturity – or vulnerabilities -…

The Central Bank of West African States (BCEAO) has published on its website the official list of approved credit institutions in the Union as of December 31, 2025. Behind this technical document emerges a structuring reality: a dense banking system, but heavily concentrated on a few key markets. There are a total of 161 credit institutions, divided into 136 banks (including 22 branches) and 25 banking financial institutions. Ivory Coast and Senegal each have 33 credit institutions, including 29 banks and 4 financial institutions. Together, these countries account for over 40% of the Union’s banking workforce. Next come Burkina Faso…

In Cape Town, at the Global Banking & Markets Africa Forum (GBM Africa 2026), a clear observation emerged: financing Africa is no longer a liquidity problem. It is a transformation problem. As a Silver Sponsor of this edition, Horus Investment Capital, a brokerage firm specializing in Financial Advisory, financial intermediation, and brokerage, has embraced this demanding market analysis by advocating an approach focused on the structuring and execution of operations. At the opening of discussions on infrastructure and energy financing, Stéphane DEFO, Chief Executive Officer of Horus Investment Group, highlighted the magnitude of the challenge: more than $100 billion in…

Investors operating on the financial market of the West African Monetary Union (UMOA) heavily bid on Tuesday, March 31, 2026 at the auction of 364-day Treasury Bills (BAT) as well as 3 and 5-year Treasury Bonds (OAT) organized by the State of Côte d’Ivoire. With a solicitation of 60 billion FCFA from the Ivorian issuer,...

Three years after its launch, FeexPay continues its transformation from a promising startup to a structured regional player. The Ivorian fintech, already present in several UEMOA countries and in the Republic of Congo, recently announced the launch of FeexPay Business, a free application for merchants, with the clear ambition of expanding access to digital payments on the continent. Behind this launch, the stakes go far beyond the release of a new product. The fintech aims to tackle one of the historical barriers of African electronic payment: the dependence on electronic payment terminals (EPTs). Indeed, while EPTs have played a central…

The 7th edition of the BRVM Awards 2026 took place on March 26 and 27 for the second time in the Senegalese capital. Under the theme “BRVM at the crossroads of technology and sustainability for better financing of the UEMOA economies,” the ceremony highlighted financial innovations, remarkable market performances, and initiatives in favor of sustainable finance in West Africa. On the sidelines of the event, Joseph Félix Dier, CEO of CGF Gestion and president of the Association of Collective Investment and Asset Management Companies of the UEMOA Area (ASCOP), spoke with Financial Afrik about the strategic role of asset management…

By A. Keita, Bamako Bamako, Monday, March 30, 2026. Orabank and Wave have signed a partnership agreement marking the official launch of the “Bank to Wallet” service. This strategic partnership is an innovation aimed at strengthening financial inclusion and facilitating access to financial services for the population. The signing ceremony was attended by the General...

Bank Al-Maghrib is accelerating the establishment of a secondary market for non-performing loans to strengthen the financing capacity of the banking sector and support the credit dynamics in the economy. Conducted in coordination with several institutional and financial partners, this reform aims to allow banks to sell a portion of their doubtful debts to specialized...

“The Burkina Faso, in order to efficiently manage the acquisition of airline tickets for the benefit of the State and to meet the requirements of public procurement, has just launched its new digital solution, “e-Dimaakia”, on March 24, 2026. The Ministry of Economy and Finance, in collaboration with the Ministry of Digital Transition, officially launched the “e-Dimaakia” platform. A new innovation by Burkinabe public administration officials to manage the acquisition of air travel tickets for the benefit of state services in a transparent manner. Abuses, the volatility of ticket costs, and sometimes exorbitant agency commissions have been identified as elements…

Maputo remains under pressure. In a note published on March 27, 2026, S&P Global Ratings confirmed Mozambique’s sovereign rating at ‘CCC+’ in foreign currency, with a negative outlook, and maintained the local currency rating at ‘SD’ (selective default). This decision, far from trivial, confirms a reality that is now well established: the country is operating...

London, March 27, 2026 – The Elephant Protection Initiative Foundation and the Central Africa Markets Venture Capital & Private Equity Association (CAMPEA) announce the signing of a strategic partnership aiming to bring together two long-separated worlds: biodiversity conservation and private capital markets in Africa. At the heart of this alliance is a clear ambition: to...

The General Cobalt Company (EGC) and Mercuria Energy Trading SA signed a strategic agreement on March 25 in Shanghai to formalize and develop the mining site of Kasulo in Kolwezi, as well as the entire cobalt supply chain associated with it. Through this memorandum of understanding, the two partners have a clear ambition: to establish in the Democratic Republic of Congo a model of reference for artisanal and small-scale mining. The goal is to transform Kasulo into an international showcase for a more transparent, sustainable, and fully traceable cobalt industry. The project aims to involve all stakeholders in the local…

The landscape of energy solutions in West Africa is experiencing a major strategic movement. Ivorian company ADEMAT, specialized in energy security, changes hands. Pan-African fund Amethis becomes the majority shareholder, succeeding SPE Capital, thus marking the beginning of a new development cycle for the company. This operation, finalized on March 27, 2026, confirms a transformation...

By Christophe TRICHEUR, CEO of RIMCOM. The Mauritanian justice system has ruled, the French Council of State has granted exequatur, but the execution remains blocked. The RIMCOM case now raises a question of international credibility for Mauritania. There are judicial victories that are not to be celebrated: they are to be enforced. The RIM Communication (RIMCOM) case has now entered a phase where inaction is no longer just administrative slowness, but a political decision. The facts are established and their sequence speaks for itself. In 2013, a public service delegation contract is signed with the Urban Community of Nouakchott. In…

Dakar, March 27, 2026. Following the 150th ordinary session of its Board of Directors held on March 25 and 26 in Dakar under the chairmanship of Mr. Serge EKUE, the Council of Ministers of the UEMOA, meeting this Friday, March 27, formally approved all the strategic files of the Institution. This double validation confirms the...

Dakar. King Fahd Hotel. Under the dim lights of the BRVM Awards, the most influential players in the regional financial market hold their breath. Then the announcement comes. CGF Bourse is designated, for the second consecutive year, the best Securities and Brokerage Company (SGI) in the WAEMU. A coronation. But above all, a confirmation. “My determination is clear: to make CGF Bourse an essential reference in the regional financial market. This distinction is above all that of the teams that accompany me every day, whose commitment and professionalism make this ambition possible,” confides Kalidou Diallo. Because behind this distinction, there…

Dakar, March 28, 2026 – A warning shot on Senegal’s sovereign rating. S&P Global Ratings lowered the country’s local currency rating from “B-” to “CCC+” on March 27, while keeping the foreign currency rating at the same level, with a negative outlook. This decision reflects, according to the agency, rising financing tensions and an increased...

Coris Bank International Togo officially launched MyCoris and Pi-Coris on Wednesday, March 25th in Lomé. These two solutions are presented as complementary in its digital transformation strategy. With this dual innovation, the bank aims to combine customer experience, transaction immediacy, and integration with the new payment standards in the UEMOA area. Through MyCoris, the Togolese subsidiary of the Coris group is deploying a new digital banking interface accessible on mobile and the web. According to its promoters, the platform allows customers to access their accounts at any time, make transfers, pay bills, manage their bank cards, and use services independently,…

Lome, March 24, 2026 – The Board of Directors of the Regional Mortgage Refinancing Fund of the UEMOA (CRRH-UEMOA), meeting in Lome under the chairmanship of Mr. Thierry TANOH, approved the accounts for the year ended December 31, 2025, which will be submitted for approval by the General Assembly. CRRH-UEMOA confirms its leading role in housing finance and achieves a record performance, driven by strong commercial dynamics and innovative financial operations. In 2025, the institution demonstrated the strength of its financial performance with results showing significant progress, reflecting the solidity of its economic model and the sustained confidence of its…

Dakar, March 24, 2026 – Following an article mentioning a 650 million euro loan and the use of Total Return Swap (TRS) financial instruments, the Senegalese Ministry of Finance and Budget has provided important clarifications. In this detailed clarification note signed by its chief financial officer, Cheikh DIBA (photo), the financial administration defends a “coherent,...