Author: The Editorial Staff

The BRVM closed the day of Friday, August 22, 2025 in a delicate balance between the strength of the industry and energy sectors and the decline of telecoms and discretionary consumption. The Composite index gained +0.14% to 319.04 points, bringing its annual performance to +15.59%. The BRVM 30 remains unchanged at 154.80 points, while the...

On Wednesday, August 20, Prime Minister Ousmane Sonko gathered the entire Senegalese employers’ organization in the Prime Minister’s office: CNES (National Confederation of Employers of Senegal), MEDS (Movement of Companies of Senegal), CNP (National Employers’ Council), CIS (Senegal Investors Club), and UNACOIS (National Union of Traders and Industrialists of Senegal). This strong image reflects a...

SUNU Bank Togo announced, in a statement from its board of directors dated August 22, 2025, a restructuring plan aimed at strengthening its financial solidity. The plan includes the closure of certain branches, job transformations, and a reduction in staff for economic reasons. However, the management assures that this reorganization will have “no impact” on...

During the week of August 18 to 24, 2025, strategic raw materials show contrasting trajectories: gold has held steady around $3,338 per ounce in a climate of monetary anticipation, iron has rebounded slightly despite a global surplus, aluminum has risen to $2,620 per ton driven by the industry, copper has remained under pressure after a...

S&P Global Ratings offered Kenya a symbolic and strategic respite by upgrading its long-term sovereign rating to ‘B’ from ‘B-‘ on August 22, 2025, with a stable outlook. This rare signal in an African environment saturated with rating downgrades. The agency praised the temporary dissipation of external liquidity risks that were threatening Nairobi. Indeed, the...

The Ivorian water distribution company (SODECI), a subsidiary of the Eranove group, has decided to pour a stream of cash to its shareholders, even if it means forgetting that its own margins are drying up. On September 30, 2025, the distributor will pay out 3.6 billion CFA francs in gross dividends (6.48 million dollars) for...

On August 21, 2025, El Amana Bank did what only great institutions know how to do: receive, with the discreet grace of established establishments, those now designated as the winners of the Financial Afrik Hackathon. In the impeccably ordered lounges of the institution, Amadou Sulayman Bal, Director of Development, Performance and Promotion, and Ahmed Ahmed Ely, Head of the Business Agency, distributed tokens of attention with the restraint of those who know that authority is demonstrated more than displayed. By their side, Dia El Hadj, Director of Financial Afrik Mauritania, embodied the bridge between the vibrant world of new ideas…

Interview with Didier Drogba, Torchbearer of the Republic of Côte d’Ivoire Interview conducted by Ramata Soré, journalist, CNN Prize 2006. Didier Drogba, born on March 11, 1978 in Abidjan, is much more than a footballer: he is a conscience in motion, a deep voice that resonates far beyond the stadiums, a heart beating for Africa. From 2004 to 2012, and then in 2014-2015, he wrote one of Chelsea FC’s greatest epics in England, scoring 164 goals, including the memorable one on May 19, 2012 in the final of the prestigious Champions League, an equalizing goal and a decisive penalty kick,…

The Minister of Mines, Industry and Technological Development (Minmidt), Fuh Calistus Gentry, on August 19, 2025, officially handed over the mining permit for the gold mine in Mborguene, a locality straddling the Bétaré-Oya and Garoua Boulaï districts in the East region, to the company Cameroon Mining Company (Caminco SA), represented by its CEO, Roger Bogne....

In a message to the nation delivered on the occasion of Gabon’s independence celebration on August 16, 2025, President Brice Clothaire Oligui Nguema expressed concern about “the low mobilization of young Gabonese for the 25 billion CFA francs (around 44 million USD) specifically created to finance their entrepreneurial projects.” The Gabonese head of state then...

Senegal aims to become self-sufficient in its gas supply by 2026, announced Prime Minister Ousmane Sonko. This initiative should allow the country to save 140 billion CFA francs and reduce the cost of electricity for households. “We no longer want to import gas. We will source locally. The necessary measures have already been taken to...

In Ghana, the world’s leading cocoa producer alongside Ivory Coast, the setting of the purchase price for the 2025/2026 campaign has sparked strong protests. A coalition of several hundred thousand producers has expressed their dissatisfaction with the price announced by COCOBOD, the public regulator, and threatens to ban access to their plantations by control agents....

MTN group has appointed Karl Toriola, who has been in charge of MTN Nigeria since March 2021, as vice president for Francophone Africa. In this role, he will oversee operations in strategic high-growth markets including Cameroon, Ivory Coast, Benin, and Congo Brazzaville. With significant experience, the Nigerian has previously held the position of vice president...

According to figures from the Gabonese Ministry of Economy, Participations, Debt and Cost of Living, between 2023 and 2024, the country sold nearly 9,716 new cars. This performance generated a total turnover of 310 billion CFA francs (542 million USD). In detail, the year 2023 saw a peak in the sale of these new cars....

The Kenyan group KCB has started negotiations to acquire a bank in Ethiopia within the next 18 months as part of its expansion plan, following Addis Ababa’s decision announced last June to allow international lenders to operate there. With this planned acquisition, the Kenyan bank hopes to become a major player in a sector dominated...

The turnover of the Metallurgical Company of Imiter (SMI), a subsidiary of the Managem group, operating the silver deposit of Imiter in Eastern Morocco, recorded a 10% increase at the end of the first half of 2025 compared to the same period of the 2024 fiscal year, announced the leaders of this company based in...

Mali raised on August 20, 2025, in the UMOA financial market, an amount of 18.796 billion CFA francs (33.834 million dollars) through a simultaneous auction of Treasury assimilable bills (BAT) of 364 days and assimilable Treasury bonds (OAT) of 3 and 5 years. The issuer had put up for auction the sum of 20 billion...

In South Africa, the overall consumer price inflation reached 3.5% on a year-on-year basis in July 2025, up from 3.0% in June. This rate remains within the target range of 3% to 6% set by the central bank. On a monthly basis, inflation stood at 0.9% in July, compared to 0.3% in June. Overall, inflation...

Ghana International Bank (GHIB) and Vista Bank Group formalized a strategic partnership on August 11, 2025, during the CNVERGE ’25 conference in London, aimed at improving access to trade financing in West African markets. As part of this alliance, GHIB becomes Vista Bank’s main correspondent banking partner in five countries – Gambia, Senegal, Sierra Leone,...

The Ghanaian government made a payment of $708.1 million in coupons on bonds issued under the Domestic Debt Exchange Programme (DDEP) on Tuesday, August 19. This transfer, the fifth of its kind since the debt restructuring in 2023, was widely seen by investors as a signal of the Treasury’s commitment to honoring its financial obligations....

Egypt and Japan have concluded 12 agreements and letters of intent covering several key sectors during the Egypt-Japan Investment Forum, held on August 18, 2025 in Yokohama, on the sidelines of the ninth Tokyo International Conference on African Development (TICAD 9), announced the Egyptian Prime Minister’s Office. These agreements aim to boost bilateral investments, strengthen...

In Cameroon, between January and June 2025, the local subsidiary of Mobile Telephone Networks (MTN) Group, the South African telecommunications giant, achieved a turnover of 201.4 billion XAF (nearly 360 million USD), representing an 18.4% increase year-on-year. This information is contained in the results published by MTN Group. The telecommunications group attributes this performance to...

It is a working visit that the International Monetary Fund (IMF) is conducting in Senegal from August 19 to 27 with the aim of reviewing the measures taken to clean up finances, and also discussing a new aid program. Thus, in a fairly tense financial context, the delegated technical mission will continue discussions with the...

ValU, the Egyptian fintech specializing in consumer financing and a subsidiary of EFG Holding, has successfully closed its 17th securitization bond issuance, amounting to 460.7 million Egyptian pounds ($9.4 million USD). This operation marks the first step of a securitization program of 10 billion EGP ($204 million USD) recently approved. Rated Prime 1 (sf), the...

Tunisia’s production of crude oil continues to decline. According to the report from the National Energy and Mines Observatory, production has dropped by 9% in one year, reaching 629 thousand tonnes (kt) by the end of June 2025, compared to 691 kt a year earlier. This significant decrease is reflected in a daily average dropping...

13 billion US dollars is the level of revenue that the Congolese government aims to achieve for the 2026 budget year. Gathered at the Kinshasa Financial Center, Deputy Prime Minister in charge of Budget, Adolphe Muzito, and Finance Minister, Doudou Fwamba, held a working session on Tuesday, August 19, 2025 with financial authorities to define...

Jaiz Bank Plc, the first Nigerian Islamic bank, announced that it has reached the recapitalization threshold set by the Central Bank of Nigeria (CBN), while unveiling a new strategy to increase its capital to 150 billion naira (197 million USD) in the medium term. This announcement, made on August 19, 2025 in Abuja during the...

The Kenyan government has announced optimistic forecasts for 2025, expecting accelerated economic growth in the years to come despite the increase in US tariffs and other challenges. This was stated by President William Ruto on Wednesday, August 20 during a press conference where Kenya and Japan concluded a yen-denominated loan agreement, the details of which...

Woodside Energy Ltd, the Australian oil giant, announced on Tuesday, August 19, a 24% decrease in its underlying net profit after tax for the first half of 2025, to $1.25 billion, in line with market estimates. This decline is mainly due to the drop in oil prices, as well as high depreciation costs related to...

Afrigroup Holding, based in Yaoundé, has obtained approval from the Inter-African Insurance Markets Conference (CIMA) to create two new companies, one dedicated to life insurance and the other to non-life insurance. This is a new field of activity for the group, which is already present in banking, healthcare, food, general trade, and real estate. This...