Author: The Editorial Staff

In May 2025, more than a hundred mining licenses were revoked within a few days, with little explanation, following an announcement broadcast on national television. The transparency claimed by the government is accompanied by a certain degree of opacity when it comes to natural resources, which are the country’s wealth and, above all, its only current development engine. Several international companies had their licenses revoked, including the Guinean subsidiary of AngloGold Ashanti and Predictive Discovery, both active in the gold sector. Arrow Minerals (bauxite) and Falcon Energy Materials (graphite) also had their licenses revoked. Dozens of license holders feel aggrieved…

Following an auction of 91-day treasury bills organized on Thursday, August 7, 2025, the State of Benin raised an amount of 33 billion CFA francs (59.4 million dollars) on the financial market of the West African Monetary Union (UMOA). The amount put up for auction by the issuer was 30 billion CFA francs. After the...

At the end of their Ordinary General Meeting (AGM) on July 8, 2025, the shareholders of Carthage Cement, a company specializing in cement production, decided to allocate the result of the 2024 fiscal year to the Retained Earnings category, announced the leaders of this company based in Tunis. Retained earnings in Tunisian financial statements refer to the balance of undistributed results from previous fiscal years, which is carried over to the current fiscal year. This balance can be an undistributed profit (positive result) or a carried-over loss (negative result). As of December 31, 2024, Carthage Cement recorded a profit of…

Thanks to a rebound in the price of its eurobonds, Angola recovered 200 million USD of guarantees initially deposited with JPMorgan in May, the Ministry of Finance announced. According to Reuters, this restitution is part of a total return swap contract concluded last December between Luanda and the American bank, for a total amount of...

In charge of the Central African Securities Exchange (BVMAC) since January 2022 after his appointment a few months earlier, Cameroonian Louis Banga Ntolo has earned the trust of the board of directors, who approved on August 1, 2025, the decision to keep him in his position for a second term. The announcement was made by...

United Capital Plc continues its regional expansion with the launch of United Capital Asset Management West Africa Limited (UCAMWAL), its new subsidiary dedicated to asset management in the West African Economic and Monetary Union (WAEMU). The group plans to deploy at least five mutual funds by the end of 2025. Already operational in eight countries (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo), UCAMWAL has launched two funds denominated in CFA francs, accessible to savers in the sub-region. “We could end this year with no less than five funds. We are confident in the impact of this…

The Africa Go Green (AGG) fund, managed by Cygnum Capital, an investment bank specializing in emerging markets, has granted a loan facility of 15 million euros to Kasada, a hotel investment platform in Africa, for the development of a green-certified hotel project in Ivory Coast. The announcement was made by the organization through a press...

For the Financial Sector Transformation Strategy 2025-2035, the Namibian government’s roadmap includes the launch of at least five new instruments each year, with the goal of increasing the number of national and international investors by 70% by 2035. The information was announced on July 28, 2025, during a joint event organized by the central bank (Bank of Namibia), the Ministry of Finance, and the Financial Supervisory Authority NAMFISA in the capital Windhoek. The roadmap also aims for a 75% increase in assets under management and a significant strengthening of local participation in the Namibian Stock Exchange. All of these initiatives…

On Thursday, August 7, 2025, Ivory Coast commemorates the 65th anniversary of its independence, marking more than six decades of national construction. Since 1960, the country has faced challenges and undertaken reforms to consolidate its unity and assert its place in the concert of nations. According to the President of the Republic, this symbolic date...

FlyGabon, operated by Afrijet Business Service, announced earlier this week the reception of a new ATR 42-600, marking the transition to a fleet composed solely of this model. A second aircraft is expected in 2026. These planes are in addition to a fleet of five ATR 72-600. The company serves 17 regular destinations, including four...

Ghana is in mourning. Two government ministers, along with six other people, perished on Wednesday morning in a helicopter accident in the south of the country. The military aircraft, carrying five passengers and three crew members, crashed while en route from the capital Accra to Obuasi, about 250 kilometers further north. The circumstances of the...

In Nigeria, President Bola Tinubu has enacted a comprehensive reform of the insurance sector under the Insurance Industry Reform Act (NIIRA) 2025, according to a statement made on Tuesday, August 5 by his spokesperson, Bayo Onanuga. This reform consolidates legislation that has been in place for several decades. It sets higher capital requirements, mandates mandatory...

The British energy group BP recorded a net profit of USD 1.63 billion in the second quarter (Q2) of 2025, compared to a loss of USD 129 million a year earlier. This performance is attributed to the reduction of exceptional charges and asset revaluation, particularly in the liquefied natural gas (LNG) sector. Although underlying net...

Royal Air Maroc (RAM) is in the green. According to the Minister of Transport and Logistics, Abdelssamad Kayouh, the company recorded huge financial performances for the year 2024. The company not only achieved a turnover close to 20 billion dirhams (2.20 billion dollars), a record, but also settled all its tax obligations for an amount...

Moody’s Ratings has upgraded the outlook of ASR Re Limited’s Baa1 rating to positive, while maintaining the current rating. This decision, announced in a report published on Tuesday, August 5, reflects increasing confidence in the trajectory of the Bermuda-based reinsurer, which is active within the Africa Specialty Risks (ASR) group. The confirmation of the Baa1...

The Senegalese Ministry of Energy, Petroleum and Mines has released, on Tuesday, August 5, 2025, the monthly production report relating to the country’s two flagship projects: Sangomar (oil) and GTA (liquefied natural gas). This document provides an updated overview of operational performance for the month of July 2025, confirming the gradual increase in the Senegalese...

André Wameso officially assumed his duties on August 4, 2025 as the new governor of the Central Bank of Congo (BCC), during a handover ceremony held at the institution’s headquarters in Kinshasa in the presence of the Minister of Finance. Appointed by presidential decree on July 23, he succeeds Malangu Kabedi Mbuyi, who is now...

In Egypt, the Board of Directors of the Financial Regulatory Authority (FRA) has issued a decision introducing a new solvency margin framework for insurance and reinsurance companies operating in Egypt. This initiative is part of the implementation of Unified Insurance Law No. 155 of 2024, and reflects FRA’s strategic direction to enhance proactive supervision and...

Ecobank Transnational Incorporated (ETI) has announced its intention to sell its subsidiary Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc, a leading bank based in Malawi. This operation, which marks the complete exit of the group from the Mozambican market, comes as part of a broader strategic reconfiguration of its scope of activity and shareholding....

Kasada, the leading pan-African hotel investment platform, announced on August 6, 2025 the conclusion of a €15 million financing with the Africa Go Green Fund (AGG), managed by Cygnum Capital. This funding will support the construction of a sustainable hotel complex in Angré, the Ivorian economic capital. The project will include a 170-room hotel operated under an international brand from the Accor group, coworking spaces branded Wojo, as well as a dedicated space for MICE activities (Meetings, Incentives, Conferences and Exhibitions). This will be the first EDGE certified hotel in this rapidly growing area of Abidjan. The aim of this…

A new industrial era is opening in Senegal with the signing, on Tuesday, August 5, of a strategic agreement between SICAP SA and APIX SA, marking the launch of a major project in the Special Economic Zone (SEZ) of Diass, a locality located about 40 km southeast of Dakar. On 66 hectares of land, an ultra-modern concrete prefabrication factory will soon be established, supported by a colossal investment of $100 million. As a result of a Sino-Senegalese partnership, the project involves Chinese companies Zhenhuai and CAID joining forces with the Senegalese company SICAP SA, with structured financial support from CORIS…

The Ivorian-Ghanaian Cocoa Initiative (CIGCI) praised, on Wednesday, August 6, 2025, the Ghanaian government’s initiative to increase cocoa producers’ incomes. In an official statement, the organization expressed its support for the decision to raise the guaranteed price to production to $5,040 per ton for the 2025/2026 campaign, compared to $3,100 the previous season. A historic increase of over 60%, which puts Ghana at the forefront of countries that pay their cocoa farmers the best. CIGCI sees this decision as a strategic turning point for the sustainability of the sector. “A fair price for producers is the first step towards a…

By Junior MBUYI – International financial expert, founder of JPG Consulting Partners While banking rates remain historically low on the continent, French banks are gradually withdrawing from the African market. Is this a simple strategic readjustment or an indicator of a deeper geopolitical shift? The essential question remains: who will finance Africa tomorrow, at a time when Europe is disengaging and China is boldly advancing its pieces? 1. A now structural withdrawal Since 2023, announcements have been following one after the other like dominoes. Société Générale is selling or considering selling most of its African subsidiaries (Morocco, Chad, Congo, Guinea,…

The turnover of the Ivorian water distribution company (SODECI), a subsidiary of the ERANOVE group, increased by 8% at the end of the first quarter of 2025 compared to the same period in 2024, announced the leaders of this company based in Abidjan. This turnover amounted to 41.642 billion CFA francs (75 million dollars) compared...

By El Hadji Abdoulaye Seck Economist-researcher at the National School of Public Administration of Quebec. The Economic and Social Recovery Plan (PRES) 2025-2028 presented by the Prime Minister offers us the opportunity to open a debate on the foundations, objectives, and perspectives of the recovery of our economy. To better appreciate the challenges of the PRES, it is appropriate, out of a duty of memory, to briefly review the various economic recovery efforts that have marked the history of Senegal. In the midst of droughts, oil shocks, and deteriorating public finances, Senegal launched an Economic and Financial Recovery Program (PREF)…

On July 16, 2025, Africa Global Logistics Congo (AGL) successfully transported and loaded a Rig Floor and a Rig Floor trailer onto a ship for an oil sector subcontractor. Our teams, specifically trained for this type of operation, spared no effort in studying its feasibility, conducting a meticulous check-in process covering everything from suitable equipment to safety measures and operator preparation. This survey ensured a safe operation for users and personnel in charge. With a height of 8m and a weight of 115 tons, these machines required specific equipment for transfer from the handling yard via a loading dock 1800m…

It is the President of the ECOWAS Commission who affirms this. The Eco, the single currency of the ECOWAS, will be launched as early as 2027. Omar Alieu Touray, received by Gambian Adama Barrow, specified that the adoption will be gradual. “ECOWAS will no longer wait for all countries to meet convergence criteria. The idea is to launch the single currency with those who are ready,” he said. This is a significant turnaround. In 2020, the countries of the CFA franc zone, which then had the best macroeconomic ratios (inflation below 3%, budget deficit below 4%, public debt below 70%…

It is the president of the ECOWAS Commission who affirms it. The Eco, the single currency of ECOWAS, will be launched as early as 2027. Omar Alieu Touray, received by Gambian Adama Barrow, specified that the adoption will be gradual. “ECOWAS will no longer wait for all countries to meet the convergence criteria. The idea is to launch the single currency with those who are ready,” he said. This is a significant turnaround. In 2020, the countries of the CFA franc zone, which then had the best macroeconomic ratios (inflation below 3%, budget deficit below 4%, public debt below 70%…

Chaabi International Bank Offshore (CIBO), the offshore bank of the BCP Group, has been distinguished by Citi Bank, which awarded it the Straight Through Processing (STP) Excellence Award 2024. This prestigious award recognizes the outstanding performance of CIB Offshore in automated payment processing, with rates reaching 100% for cash payments and 99.8% for commercial payments. It also highlights the operational rigor and high level of quality of the processes implemented by this subsidiary in the management of international operations. Through this distinction, CIB Offshore reaffirms its commitment to providing its clients and partners with a smooth and secure service, aligned…

Following a simultaneous issuance of Treasury assimilable bonds (BAT) of 364 days and Treasury assimilable bonds (OAT) of 3 and 5 years organized on August 4, 2025 on the UMOA financial market, the State of Mali, through its Public Treasury, strengthened its budget by 21.720 billion CFA francs (39.096 million dollars). The issuer had put...