Author: The Editorial Staff

📅 Wednesday, October 14, 2026 – market close “Buy the rumor, sell the news.” All African finance 👑 JOIN THE MADIBA COMMUNITY Subscribe and join the Madiba premium financial information community. 🔗 financialafrik.com/subscription ━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1️⃣ TOP AFRICAN FINANCE NEWS Capital, debt, and monetary policy operations that impact market information. 1. Airtel Money – London: Airtel...

In 2019, Lesotho had obtained an 8% increase to 10% in royalties on diamond sales from Letšeng, with the support of the African Legal Support Facility (ALSF). The kingdom has just signed a three-year agreement to expand this cooperation to energy, infrastructure, and public finances. On September 21, 2026, Lesotho signed a strategic partnership agreement with the African Legal Support Facility (ALSF), an institution created in 2008 at the initiative of the African Development Bank. This southern African kingdom, landlocked in South Africa, seeks to strengthen its capacity to structure and negotiate transactions with international investors. The agreement covers four…

The West African Development Bank (WADB) has signed a $25 million USD revolving credit facility with Topaz Multi-Industries SA to increase industrial production in Guinea, strengthen local value chains, and support the competitiveness of the manufacturing sector. The agreement was signed on October 13, 2026. A major player in the manufacturing sector in West Africa, Topaz Multi-Industries serves a customer base spread across several countries in the region, with regional markets representing a significant portion of its activities. This facility will support and enhance the company’s ability to source raw materials, maintain production, and meet the growing demand for industrial…

The TASI index fell by 0.74% on Monday, October 12, while King Khalid International Airport will remain closed until October 17 at 21:00 GMT. The strikes against the Saudi capital disrupt the travel of international leaders and test the kingdom’s economic ambitions. The Saudi stock exchange continues to decline. At the end of the session...

The CEO of Oryx Energies, Moussa Diao, and the head of its trading activity, Hervé Bouvet, have acquired majority control of the group from AOG, Jean-Claude Gandur’s holding company, according to available press reports. The operation, valued at around 587 billion CFA francs (1 billion dollars), puts this African oil supply player in the hands...

With new offices in Beijing and an agreement signed with the Chinese payment system CIPS, Ecobank strengthens its positioning in Sino-African exchanges. The challenge: facilitate yuan settlements by leveraging its network of 34 African markets. Ecobank is accelerating its development on the China-Africa axis. The pan-African banking group inaugurated its new offices in Beijing and...

In ten years, the UMOA Public Securities Market has changed significantly. The volumes mobilized through auctions have more than tripled, reaching over 21,600 billion CFA francs by the end of 2025 and could approach 24,800 billion CFA francs by December 31, 2026. In this exclusive interview with Financial Afrik, Oulimata Ndiaye, Director of UMOA-Titres, deciphers this transformation, the decrease in yields observed in 2026, the issue of banks’ exposure to sovereigns, the first Ivorian twenty-year issuance, and the reforms aimed at transitioning the regional market from primarily a primary market to a truly liquid and deep capital market. The regional…

From November 2, 2026, a mobile money customer in the UEMOA can now hold up to 4 million CFA francs (about $6,900) with the same issuer, compared to the previous limit of 2 million CFA francs. The total amount of monthly top-ups can now reach 15 million CFA francs (about $25,900), up from the previous...

Guinea reached a new milestone in its strategy for local transformation of mineral resources on October 9, 2026. The first gold ingots refined on national territory by Nimba Gold Refinery were shipped for export, less than four months after President Mamadi Doumbouya’s decision to end the export of raw gold. This operation is now placed...

Reappointed as Prime Minister after the resignation of his government, El Moctar Ould Djay returns with a team where continuity, internal promotions, experience returns, and notable exits intersect. Interior and Energy concentrate two of the most significant changes. Naha Hamdi Mouknass returns to Health, Mohamedou Ould M’Haimid moves to Economic Affairs, and Aïssata Lam takes...

Sonatel held an Extraordinary General Meeting (EGM) on Thursday, October 8, 2026 at 3:00 PM GMT via video conference. At the heart of this meeting: the project to split the telecom operator’s stock in a ratio of 1 for 10. An essentially technical operation, but one that could profoundly change the accessibility and trading conditions...

Sonatel held an Extraordinary General Meeting (EGM) on Thursday, October 8, 2026 at 3:00 pm GMT, via video conference. At the center of this meeting: the project to split the telecom operator’s stock in a ratio of 1 for 10. A primarily technical operation, but one that could profoundly change the accessibility and trading conditions...

Sixty Guinean workers have left Guinea for China to receive specialized training in train driving. Ultimately, they are expected to take control of the locomotives of the Transguinean, the double-track railway of over 650 kilometers connecting the Simandou deposits to the port of Morébaya. An operation that places training and skills transfer at the heart...

The Mauritanian Prime Minister, El Moctar Ould Djay, presented the resignation of his government to President Mohamed Ould Cheikh El Ghazouani on Friday, October 9, 2026. This resignation comes less than 24 hours after the publication of the report by the independent investigation commission chaired by Ousmane Mamoudou Kane on the fires at two electrical...

📅 Thursday, October 8, 2026 – market closing All African finance 👑 JOIN THE MADIBA COMMUNITY Subscribe and join the Madiba community for premium financial information. 🔗 financialafrik.com/subscription 1️⃣ TOP NEWS IN AFRICAN FINANCE Monetary decisions, financing operations, and IPOs that matter this Thursday. 1. UEMOA – BCEAO: In its note published on October 8,...

Astana, the capital of Kazakhstan, in the heart of Central Asia. For an African reader, this region is sometimes distant. It brings together five former Soviet republics – Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan – sandwiched between Russia to the north, China to the east, the Caspian Sea to the west, and, further south, Afghanistan and Iran. Kazakhstan is the territorial giant: an immense continental country, rich in oil, gas, uranium, and minerals, located on several routes connecting China, Russia, Europe, and the Caspian Sea. About 3,000 kilometers to the southwest is Oman, a sultanate on the Arabian Peninsula and…

By Locéni Compaoré, Ouagadougou. The Burkinabe government adopted, on October 8, 2026, in the Council of Ministers, the draft budget law for the year 2027. The text provides for 4,220.4 billion CFA francs (approximately 7.22 billion dollars) in revenue for 4,839.4 billion CFA francs (8.28 billion dollars) in expenses. Agriculture, industrialization, defense, and social sectors:...

The Independent Commission of Inquiry into the fires at SOMELEC’s transformation substations, chaired by former minister Ousmane Mamoudou Kane, delivers particularly harsh conclusions on the failures surrounding the two fires on August 21 and 22, 2026 in Nouakchott. Without considering the possibility of a deliberate act, the report highlights a series of technical, contractual, and...

The FAGACE Institute organized the second session of its Executive Program on October 6 and 7, 2026, focusing on bank financial analysis, SME scoring, and credit decision-making. This session brought together professionals from various financial institutions in the sub-region for two days of sharing expertise, analyzing professional practices, and studying concrete situations. Through this Executive Program, the FAGACE Institute aims to offer a practical, demanding training program directly connected to the challenges faced by professionals in the financial sector, drawing on the expertise and experience of recognized practitioners. The session was held under the institutional oversight of Dr. Basile Tchakounte,…

Born in 2020 in the UK in the wake of the betPawa ecosystem and led by two Danish entrepreneurs already familiar with African tech, PawaPay continues to expand its presence across the continent. The pan-African mobile money payments aggregator has just obtained a Payment Service Provider (PSP) license from the Bank of Mozambique, through its...

Velocity, a London-based fintech specializing in international payments and treasury management in stablecoins, and CrissCross, a payment and exchange infrastructure company based in South Africa with a regulated entity in Canada, announced on October 8, 2026 a partnership aimed at better connecting global liquidity in digital assets to African financial systems. Founded in 2025 and...

In order to meet the financing needs of its budget, the State of Burkina Faso, through its Directorate General of the Treasury and Public Accounting (DGTCP), obtained a total amount of 40 billion CFA francs (72 million dollars) on Wednesday, October 7, 2026 from investors operating on the financial market of the West African Economic...

Paris – October 7, 2026. African entrepreneurs do not need charity. They need capital. This is the message that Tony Elumelu delivered in Paris, calling on investors and development institutions to rethink their approach to the new generation of African entrepreneurs. Speaking at the gala dinner of the French-African Foundation, held at the Ministry of Foreign Affairs, the Nigerian businessman and philanthropist stated that the future of relations between France and Africa should be based on investment, entrepreneurship, and risk sharing. Tony Elumelu, CFR, Chairman of Heirs Holdings, acknowledged the complexity of the history between France and Africa, while expressing…

The Shelter Afrique Development Bank (ShafDB) is launching its first sustainable bond on the WAEMU regional financial market. The pan-African institution aims to raise 60 billion CFA francs (approximately 100 million USD) to finance affordable and sustainable housing projects in West Africa. The Shelter Afrique Development Bank (ShafDB) is opening a new chapter in its...

Lighthouse Capital, a private equity firm founded in South Africa, is launching a $50 million fund for high-growth companies in South Africa and Kenya. The fund will target industries such as manufacturing, fintech, agribusiness, and technology. Lighthouse Capital aims to focus on the underserved segment of mid-sized African businesses. The private equity firm, based in...

Bloomfield Investment Corporation has assigned the African Fund for Guarantee and Economic Cooperation (FAGACE) a long-term rating of A+ and a short-term rating of A1, in local currency, both with a stable outlook. The rating, valid from July 2026 to June 2027, highlights the improvement in governance framework, the progress of commitments, and the strengthening of risk management mechanisms. FAGACE Rating Sheet 2026 FAGACE benefits from a high credit quality as judged by Bloomfield Investment Corporation. In the long term, the agency considers the protective factors to be “good”, even though risks may increase during periods of economic pressure. In…

Dakar, October 6, 2026 – SUNU Assurances IARD Senegal announces the appointment of Mr. Albert SAGNA as General Manager, effective as of October 1, 2026. This appointment is part of the development dynamic of SUNU Assurances IARD Senegal, driven by a constant commitment to its clients and partners. An expertise forged at the heart of the Senegalese market Holder of a degree in Insurance and a diploma in Enterprise Risk Management obtained at ESA Paris, Albert SAGNA has built most of his career in the insurance sector in Senegal, where he has accumulated over twenty years of experience. After working…

1️⃣ TOP AFRICAN FINANCE NEWS 1. Morocco — T2S Group Holding: The company closed a capital increase of 798,944 new shares on October 2 at a price of 178.40 MAD, totaling 142.53 million MAD. Subscription allocation is expected on October 6, with new shares admitted on October 12. [1] 2. Nigeria — AXA Mansard Insurance:...

NSIA Bank Benin is turning a new page in its governance. Since October 1, 2026, the institution is led by Edmond Koukou Adjikpè, appointed Managing Director, while Nina-Armelle Vignon Guendehou is reappointed as Deputy Managing Director. A duo on which the bank intends to rely on to accelerate its development while consolidating its governance and risk management mechanisms. With over 22 years of experience in banking, finance, and development finance, Edmond Koukou Adjikpè comes with a strong focus on financing the economy and structuring complex operations. Before joining NSIA Bank Benin, he held positions such as Chief Public-Private Partnership &…

Senegalese writer Cheikh Hamidou Kane, author of the mythical “L’Aventure ambiguë”, has passed away. With him disappears one of the great intellectual minds of Senegal and Francophone Africa, a man whose work has spanned over half a century by questioning the relationship between tradition, faith, modernity, and the West. A library is gone. Born on April 2, 1928 in Matam, in northern Senegal, Cheikh Hamidou Kane belonged to a generation of African intellectuals who were directly confronted with the upheavals of colonization, independence, and the construction of new states. Initially educated in a Quranic school before joining French education, he…