Author: The Editorial Staff

The Banque nationale d’Algérie (BNA) closed the 2024 fiscal year with a net profit exceeding 48 billion Algerian dinars, or approximately 331 million euros, according to a statement released after its annual general meeting. The total balance sheet of the institution amounted to 5,807 billion dinars (40.05 billion euros). Furthermore, during the first half of...

On the money market of the West African Economic and Monetary Union (UEMOA), the average amount of funding granted by the BCEAO recorded a slight decrease of 0.2% in June 2025 compared to the previous month, according to data from the Central Bank of West African States (BCEAO) based in Dakar. These fundings amounted to...

CFAO Mobility Côte d’Ivoire shareholders, specializing in vehicle distribution, will receive a net dividend of 1.450 billion CFA francs (2.611 million dollars) for the 2024 fiscal year, scheduled for August 19, 2025. This dividend represents 8 CFA francs per share, down from the 15.87 CFA francs paid out the previous year, a decrease of 7.87 CFA francs. As of August 1, 2024, CFAO Mobility Côte d’Ivoire shares were trading at 655 CFA francs, offering a yield of 1.22%. This dividend, which is equivalent to 16% of the nominal value of the share (50 CFA francs), comes after a year marked…

African stock markets showed mixed performances this week, with notable gains for some exchanges and instabilities for others. The Nigerian Stock Exchange continues to outperform, recording a rise of +5.07%, bringing its July performance to +16.57%. MTN Nigeria dominated, with a 20.00% increase in its market capitalization. The Nigerian market remains strong and largely supported by the growth of telecommunications and mobile financial services. In Malawi, the Lilongwe Stock Exchange (MSE) saw an impressive surge with a gain of +5.03%, bringing its annual performance to +128.49%, supported by a significant rebound of Standard Bank Malawi (+34.31%). The Ghanaian Stock Exchange…

The Regional Stock Exchange (BRVM) closed this week on a positive note, marked by a 0.55% increase in the BRVM Composite index, which stood at 313.1 points, compared to 311.4 the previous week according to the weekly bulletin from SGI FGI. However, the BRVM 30 and BRVM Prestige indices recorded declines of 0.85% to 151.49 points and 1.30% to 129.27 points, respectively. This upward trend was supported by the “Industry” (+10.08%), “Agriculture” (+2.66%), “Transport” (+2.13%), “Distribution” (+1.91%), and “Other Sectors” (+0.13%). On the other hand, the “Public Services” (-1.36%) and “Finance” (-0.81%) sectors exerted negative pressure on the market. Stock…

Sokhna Maïmouna Diop leaves CBAO Attijariwafa to take over NSIA Bank Senegal Change in governance at the helm of NSIA Bank Senegal. Sokhna Maïmouna Diop has been appointed as the general manager of the institution, succeeding Ivorian Alexandre N’Dri. She is also leaving CBAO, a subsidiary of Attijariwafa bank, where she has been serving as deputy general manager in charge of retail and corporate banking for Senegal, Benin, Burkina Faso, and Niger since 2022. Her departure marks a significant change for CBAO, where she has spent over a decade holding various positions of increasing responsibility: strategy, financial control, finance, operations,…

After being welcomed triumphantly in Nouakchott on July 11 by a large crowd upon his return from the YES Africa 2025 Summit in Marrakech, Ba Bocar Abdoulaye, Vice President of the Pan-African Youth Union, actively participated in the Fintech Mauritania Hackathon, held from July 17 to 23 at the Fasaq Hotel. The young leader engaged in a question-and-answer session right after a notable opening panel, during which he emphasized the central role of his generation in the political, economic, and digital transition that Africa is undergoing. His motto is unequivocal: “Impossible is not African.” Interview conducted by Mayo Sow, Nouakchott…

The Central Bank of West African States (BCEAO) has just published, on August 1, 2025, a series of major instructions aimed at clarifying and regulating financial and commercial operations between the UEMOA countries and the rest of the world. Among these new instructions are: – Instruction No. 15-07-2025-RFE, specifying the procedures for producing periodic reports for the competent authorities. This measure aims to enhance the traceability of operations carried out by authorized intermediaries and ensure better control of financial flows by imposing a harmonized reporting format, a defined frequency, and strict submission deadlines. – Instruction No. 14-07-2025-REF, setting the conditions…

Construction materials prices in Senegal rose by 0.4% in June 2025 compared to the previous month, according to data from the National Agency of Statistics and Demography (ANSD) based in Dakar. “This evolution is mainly due to the increase in prices of basic materials (+0.4%), paint (+2.1%), as well as waterproofing materials (+1.6%),” notes the...

The lawyer and business law practitioner, Me Alain Fénénon, announces the publication of the second edition of his reference book entitled Guide for Directors and Administrators of Companies in Ohada Law. This updated version is part of a context of strengthening corporate governance standards in the OHADA (Organization for the Harmonization of Business Law in Africa) area. This revised and expanded edition includes several new developments. It notably devotes a chapter to mechanisms for resolving disputes between directors, administrators, and companies, and introduces concepts that are still relatively unexplored in African company law such as professional ethics, corporate social responsibility…

Mauritania and China have taken a new step in their strategic partnership with the signing, on Thursday, July 31 in Nouakchott, of a memorandum of understanding within the framework of the Global Security Initiative (GSI). Launched by Beijing two years ago, this initiative promotes a security approach based on dialogue, cooperation, and the rejection of...

Ecobank Ghana Plc released its unaudited consolidated financial statements for the half-year ended June 30, 2025 on July 31, 2025, reporting sustained growth in profitability despite a challenging economic environment. The bank announced a net profit of $49.9 million (763.5 million GHS), an increase of 18.7% compared to $42.0 million (643.4 million GHS) in the...

The Central Bank of Central African States (BEAC) has launched a mobile application called “BEAC NG2020” to allow citizens and professionals to verify the authenticity of banknotes in circulation, as part of its fight against counterfeit money. The application allows for the verification of Type 2020 banknotes by comparing visible and tactile security features with...

The Insurance and Reinsurance Company Astrée, a subsidiary of the Banque de Tunisie Group and listed on the Tunis Stock Exchange, has published its activity indicators for the second quarter of 2025, confirming a sustained growth momentum and good risk management. As of June 30, 2025, Astrée achieved a total turnover of 172.1 million Tunisian...

The President of the Gabonese Republic, Brice Clotaire Oligui Nguema, was received on Friday, August 1st at the Presidential Palace in Ankara by his Turkish counterpart, Recep Tayyip Erdoğan, as part of an official visit focused on strengthening bilateral relations between Gabon and Turkey. According to a statement from the Gabonese presidency. During this meeting, the two heads of state exchanged views in private, reaffirming their common will to deepen a strategic, sustainable, and mutually beneficial partnership. Following the meeting, a working session involving the official delegations of both countries led to the signing of eight protocol agreements, covering key…

The Monetary Policy Committee (MPC) of the Reserve Bank of Malawi has decided, following its third meeting of the year held on July 30 and 31, 2025, to maintain its policy rate at 26.0%. It was also decided that the Lombard rate would remain set at 20 basis points above the policy rate, while the...

The Central Bank of West African States (BCEAO) informs the public that the official launch of the Interoperable Instant Payment System Platform (PI-SPI) is scheduled for Tuesday, September 30, 2025. In this perspective, an important step was taken with the launch, on June 5, 2025, of real-life usage tests. This phase allows a sample of customers, selected by participating institutions (banks, microfinance institutions, electronic money issuers), to perform interoperable instant operations, such as fund transfers and payments, regardless of the type of account used. This phase will confirm the system’s performance in real-life conditions, particularly in terms of reliability, security,…

The supply of bank credit in the West African Economic and Monetary Union (UEMOA) increased by 10% at the end of 2024 compared to 2023, according to data from the Central Bank of West African States (BCEAO) based in Dakar. The volume of loans put in place amounted to 21,831.2 billion CFA francs (39.296 billion...

Senegalese Prime Minister Ousmane Sonko presented his National Economic Recovery Plan (PNRE) on Friday, August 1st, in Dakar, which is seen as the government’s response to a critical budgetary situation. Announced in front of government members and the press, this plan aims to reposition the Senegalese state as a central player in economic recovery, with...

The organizers of the Structured Finance Africa (SFA Forum), an event whose very first edition is scheduled for September 25, 2025 in Dakar (Senegal), held a press conference on Thursday, July 31. Context, key themes, objectives, and expected impacts, among others, were on the agenda of this virtual meeting announcing the forum with the theme: “Financial Innovations and Structural Transformation of African Economies: Securitization, Sustainable Financing, and Sovereignty.” Jointly organized by Invictus Capital & Finance, KF Securitization, and Development Finance Advisory (DFA), three major players in financial structuring in West Africa, this event takes place in a context of strong…

Mali, Niger, and Burkina Faso officially announced, since July 2024, their decision to create a joint investment bank, a new financial tool aimed at supporting large development projects in their respective countries and strengthening their economic integration. Nearly a year later, in May 2025, the foundation stone of the future financial institution called ‘Confederal Bank...

The mining giant B2Gold has obtained authorization from the Malian government to start underground operations at the Fekola mine in the southwest of the country. At the same time, the company is setting up a new regional entity where the state’s participation is strengthened. Over 9,300 meters of underground development have been completed. Underground gold...

The South African government, in partnership with the World Bank, is set to launch a Credit Guarantee Vehicle (CGV) with an initial capital of $500 million to accelerate private investments in electricity transmission infrastructure, announced the South African National Treasury. Designed to remove financial risk barriers, the CGV will take the form of an independent...

East African Breweries Limited (EABL), a Nairobi-listed regional brewer, has reported a 12.2% annual growth in profit after two years of slowdown, thanks to the decrease in exchange losses due to the stability of the Kenyan shilling. Profit for the year ended in June 2025 increased by 12.2% to reach $94.4 million (12.19 billion Kenyan...

Facing the humanitarian emergency in the East of the Democratic Republic of Congo, the international community is mobilizing. Fifteen million USD has just been unlocked to finance the first phase of a comprehensive recovery and resilience plan for populations affected by armed conflicts, especially in the provinces of North Kivu and South Kivu. Coordinated by...

The purchase price of cotton seed for the 2025-2026 campaign has been set at 310 FCFA/kg for the 1st choice and 285 FCFA/kg for the 2nd choice, announced the Minister of State, Minister of Agriculture, Rural Development and Food Production, Kobenan Kouassi Adjoumani, on Thursday, July 31st. According to him, the state support also allows...

TotalEnergies Marketing Ghana Plc announced a record net profit in the first half of 2025, up 47% from the previous year, reaching approximately $16.0 million (GHS 168.2 million). This performance is mainly due to improved fuel margins and enhanced operational efficiency. Revenue increased by 6.6% to around $345 million (GHS 3.6 billion), while gross profit...

Kenya Airways and Air Tanzania signed a memorandum of understanding (MoU) on July 28, 2025 in Dar es Salaam, aimed at strengthening their strategic cooperation in the aviation sector. The agreement covers several areas of collaboration, including personnel training, engineering, aircraft maintenance, technical operations, freight, maintenance and repair services (MRO), security, and innovation. The goal...

The Governor of the Bank of Ghana, Johnson Asiama, announced at a press conference on Wednesday, July 30, that the Monetary Policy Committee (MPC) “voted to lower the policy rate by 300 basis points to 25%”. This is the largest decrease in its history, as inflation is rapidly slowing down in the gold, oil, and...

Inflation in Kenya recorded a notable decrease in July 2025, standing at 4.1% on an annual basis, down from 4.6% in June, according to data released on July 31 by the Kenya National Bureau of Statistics (KNBS). This is the lowest level since April 2020, reinforcing expectations of price stability in the months ahead. The...