Author: The Editorial Staff

Benin confirms its upward trajectory on the African economic scene. The International Monetary Fund (IMF) approved, on Wednesday, June 18, 2025, a disbursement of $90 million to the country, highlighting “solid” economic performance and exemplary budget management. This decision comes after the sixth review of the MEDC/FEC program (Extended Credit Facility and Extended Fund Facility)...

Morocco has just reached a strategic milestone in its transition to sustainable agriculture. It is among the six African countries selected to benefit from the Acumen Resilient Agriculture Fund II (ARAF II), a $132 million investment fund aimed at strengthening the climate resilience of small-scale farmers on the continent. By joining this exclusive circle alongside Côte d’Ivoire, Egypt, Ghana, Nigeria, and Uganda, the Kingdom confirms its commitment to supporting the adaptation of the agricultural sector to the challenges of climate change. This new funding illustrates the recognition of Morocco’s strategy in smart and inclusive agriculture. A vision of sustainable and…

The National Telecommunications Company of Senegal (SONATEL) will proceed, on July 16, 2025, to the payment of semi-annual interest and partial repayment of the capital of its bond loan named “Sonatel 6.50% 2020-2027” for an amount of 11.514 billion CFA francs (20.726 million dollars), announced the leaders of this company based in Dakar. The semi-annual...

The State of Mali will repay, on July 12, 2025, a debt of 27.824 billion CFA francs (50.084 million dollars) from its bond loan called “State of Mali 6.50% 2019-2027”. In order to mobilize resources for the financing of certain investments planned in the 2019 budget, the State of Mali, through the National Treasury and...

Rabat, June 19, 2025 – Morocco Telecom is undergoing a transformation. The telecommunications giant has decided to break away from its dual governance model (Management Board and Supervisory Board) to adopt a unified structure centered around a Board of Directors. Officially, the stated objective is clear: “to strengthen the strategic coherence and decision-making efficiency of the Group.” In reality, this shift raises more questions than it answers. The newly formed Board of Directors is nothing more than a recycling of the old Supervisory Board. All its members are being reappointed, seemingly to better lock in the internal power balances. Behind…

Abuja, June 17, 2025 – The 4th annual meeting of the Africa Sovereign Investors Forum (ASIF) was held from June 15 to 17 in Abuja, Nigeria, under the theme: “Harnessing African sovereign funds to mobilize global capital for transformative development in Africa”. This strategic meeting brought together African sovereign funds, institutional investors, and international partners around a common ambition: to make sovereign investment a sustainable lever for the transformation of the continent. On this occasion, Ithmar Capital (Morocco) and the Nigeria Sovereign Investment Authority (NSIA) concluded a collaboration agreement to create a common sovereign investment platform. This initiative aims to…

Kinshasa, June 19, 2024 – Rawbank closes the year 2024 with robust results, confirming the relevance of its responsible growth strategy and its position as the leading bank in the Democratic Republic of Congo. Net banking income amounts to USD 514 million, up 6.2% year-on-year. Net profit reaches USD 212.7 million, reflecting sustained profitability despite a challenging economic environment. The bank reports a return on equity (ROE) of 32.99%, a return on assets (ROA) of 3.43%, and a Basel III solvency ratio of 20.44%, demonstrating a solid financial foundation. Gross loan portfolio reaches USD 2.08 billion (+34%), while deposits increase…

These agreements are part of the TDB Group’s regional energy access financing platform, supported by the World Bank’s ASCENT program as part of the “Mission 300” initiative to connect 300 million Africans to electricity by 2030. Cape Town, June 19, 2025 – The Trade and Development Bank Group (TDB Group) has reached a milestone by signing a series of financial agreements with two major distributed energy (DRE) and clean cooking sector companies: Burn Manufacturing and Ignite Power, on the sidelines of the Africa Energy Forum (AEF). The immediate goal is to provide access to clean energy to three million people…

Abidjan, June 19, 2025 – Société Générale Côte d’Ivoire (SGCI) announces the appointment of Wilfried Assi as Director of Communication and Foundation, effective June 16, 2025. This appointment is part of a dynamic to strengthen the bank’s image strategy, social responsibility, and community engagement. With over 18 years of international experience, Wilfried Assi brings proven expertise in strategic communication, marketing, ESG (Environment, Social, and Governance), and talent development to SGCI. A graduate of ESCA at INP-HB and holder of an Executive Master with triple certification from HEC Paris, Wilfried Assi began his career in 2009 at Unilever, as part of…

The Senegalese Treasury officially launched, on Thursday, June 19 in Dakar, a bond issue through a public offering of 300 billion CFA francs (approximately 457.35 million euros). This operation, included in the 2025 Finance Law and the strategic framework of the Senegal 2050 Project, aims to mobilize resources for financing the national budget, especially projects...

Zimbabwe has just set a new national record for tobacco production, with over 300 million kilograms of leaves sold since the opening of the marketing season in March, for a value exceeding one billion US dollars, announced the Zimbabwean Tobacco Industry and Marketing Board (TIMB) on Wednesday, June 18. This volume surpasses the previous record of 296 million kilograms reached in 2023, confirming a remarkable growth in the sector. “The 2025 season is historic. As of June 18, Zimbabwe has officially crossed the threshold of 300 million kilograms of tobacco sold,” said Chelesani Tsarwe, TIMB’s public affairs manager. According to…

The Nigerian bank Zenith Bank Plc has announced its intention to exit the regulatory forbearance regime imposed by the Central Bank of Nigeria (CBN) by June 30, 2025. This decision comes in the context of strengthening banking supervision by the regulator, especially regarding credit concentration limits. “In relation to forbearance granted on other credit facilities,...

The Egyptian Financial Regulatory Authority (FRA) has adopted new rules regulating insurance and reinsurance brokerage, as part of the implementation of unified insurance law No. 155 of 2024. This reform aims to professionalize the sector, strengthen consumer protection, and align the market with international standards. The decision requires brokers to register on the FRA’s electronic platform within 45 days, extends the validity of licenses to five years, and sets a minimum social capital of 5 million EGP (approximately 111,000 USD). Companies must also open two branches within three years, have a qualified board of directors, and report any cessation of…

African sovereign funds are gradually emerging as essential levers for financing the Sustainable Development Goals (SDGs), according to the Sovereign Impact Report 2025 published by IE University. Facing an estimated annual financing gap of $4.2 trillion to achieve the SDGs by 2030, these instruments, still modest in volume compared to Asian or Middle Eastern giants,...

“In a context of transformation of African financial markets, the Central Depository/Clearing Bank (DC/BR) of the West African Economic and Monetary Union (WAEMU) asserts itself as a pillar of stability and innovation. Between digitalization of subscriptions, reform of settlement deadlines, and regional cooperation, the institution is deeply modernizing the mechanisms for processing and securing financial transactions. Its Director General, Birahim Diouf, presents the major ongoing developments and the strategic vision of the DC/BR to enhance the attractiveness of the regional market. The DC/BR occupies a central position in the WAEMU regional financial market ecosystem. As a systemic market infrastructure, it…

Luanda, June 19, 2025 – The 25th Annual General Assembly of the African Trade & Investment Development Insurance (ATIDI), formerly known as ATI, opened in Angola, a country firmly committed to economic diversification and openness to investments. This edition in Luanda marks an important milestone for the pan-African institution – its quarter-century of existence – and a recognition of Angola’s growing role as a strategic regional player. An official opening in a country undergoing transformation In the prestigious setting of the Intercontinental Hotel in Luanda, the opening speeches emphasized the convergence between the ambitions of ATIDI and those of Angola,…

Vienna, June 18, 2025 – On the sidelines of the 4th High-Level Forum of the Organization of the Petroleum Exporting Countries (OPEC), held in Vienna under the theme “Shaping our Future Through Transition”, the Islamic Republic of Mauritania secured a commitment of $2 billion in financing from the Arab Coordination Group (ACG). As the guest of honor at this edition, Mauritanian President Mohamed Cheikh El Ghazouani was welcomed by the President of the OPEC Fund for International Development (OFID), Dr. Abdulhamid Alkhalifa, and the President-elect of the African Development Bank (AfDB), Mauritanian Sidi Ould Tah. The Mauritanian head of state…

The Treasury of Burkina Faso received on June 18, 2025, in the financial market of the West African Economic and Monetary Union (WAEMU), an amount of 32.999 billion CFA francs (59.399 million dollars) following a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) of 3,...

The Moroccan tourism sector has achieved an unprecedented performance, with 7.2 million visitors welcomed between January and May 2025. This sustained growth is the result of a proactive strategy, as indicated in a statement from the ministry in charge. This figure represents a 22% increase compared to the same period in 2024, with an additional...

Asante Gold (CSE: ASE), a gold producer active in Ghana, has secured financing of $470 million to clean up its financial structure, support the expansion of its mining operations at Bibiani and Chirano, and prepare for its listing on the TSX Venture Exchange (TSXV), scheduled for mid-August. The transaction combines several financial instruments, including a...

Morocco and Rwanda have reached a new milestone in their bilateral cooperation by signing a structuring military agreement in Rabat on Wednesday, June 18, aimed at strengthening their ties in the fields of defense and security. Signed on the sidelines of the official visit of the Rwandan Minister of Defense, Juvenal Marizamunda, received by his...

Economic and development issues were at the heart of the friendship and cooperation visit of the Guinean transitional President, General Mamadi Doumbouya, to Ivory Coast on Tuesday, June 17, 2025. Ivorian President Alassane Ouattara and his Guinean counterpart jointly expressed their willingness to strengthen bilateral exchanges in key sectors. Trade between the two countries, estimated at 150 million euros per year according to the World Trade Organization (WTO), has significantly increased by 78% according to Ivorian President Alassane Ouattara. However, the two countries aim to take economic cooperation to a higher level, particularly in the energy, mining, transportation, and infrastructure…

The signing of an agreement last April between Sunrev Solar, a Chinese giant in solar components, and the authorities of the Suez Canal Economic Zone (SCZONE) allowed Egypt to take a major step in the development of its green industrial infrastructure. This led, on June 17, 2025, to the execution of a project estimated at...

A decisive step has just been taken in the reconciliation process between the Democratic Republic of Congo (DRC) and Rwanda. According to concordant sources within the US State Department, the two countries initialed a draft peace agreement in Washington on Tuesday, June 17, marking a significant advance in ongoing diplomatic efforts. This document, the result...

With 415 billion CFA francs in assets under management at the end of May 2025, Harvest Asset Management crosses a symbolic threshold and consolidates its leadership in the CEMAC zone. This milestone marks a new advancement in the sustained growth trajectory that the company has experienced since its creation. In an ever-changing financial environment, this...

It is now official: Société Générale Maroc gives way to Saham Bank. The announcement was made on June 18, 2025 in Casablanca, during a press conference chaired by Ahmed Yacoubi, chairman of the bank’s management board. This new name marks the completion of the acquisition of the Moroccan subsidiary of Société Générale by the Saham...

Ivory Coast confirms its leadership position in green financing. This Tuesday, June 17, 2025, Ivorian authorities officially announced the receipt of a second carbon payment of 15 million dollars, approximately 9 billion CFA francs, as part of the Emission Reductions Payment Project (PRE) around the Taï National Park. This payment brings the total received by the country to 50 million dollars (30 billion CFA francs) for its efforts to reduce CO₂ emissions, under a contract signed with the World Bank and financed by the Forest Carbon Partnership Facility (FCPF). The announcement was made in Abidjan, during a press conference in…

N’Djamena, Chad – June 19, 2025. Coris Bank International officially launched its brand in Chad on June 18, 2025, marking a strategic step in strengthening its pan-African presence and commitment to financial inclusion. The launch ceremony was held under the presidency of Marshal Mahamat Idriss Déby Itno, President of the Republic, Head of State, represented on this occasion by Mr. Tahir Hamid Nguilin, Minister of State, Minister of Finance, Budget, Economy, Planning and International Cooperation. The event brought together a wide range of personalities: government representatives, diplomats, economic actors, financial partners, as well as members of the national and international…

Bloomfield Investment Corporation, the pan-African rating agency, confirmed, following its latest rating committee (June 2025), the credit ratings of BOA Burkina Faso, a subsidiary of the Bank of Africa group. The bank thus retains its long-term A+ rating and short-term A1 rating, both with a stable outlook, indicating satisfactory credit quality despite a challenging economic and security environment. Economic resilience and strong fundamentals In its analysis, Bloomfield notes that the Burkinabe economy showed robust growth of 5.5% in 2024, a significant increase from the 3% recorded in 2023, demonstrating some resilience in a still concerning security context. For BOA Burkina…

Abidjan, June 2025 – Following its latest assessment, Bloomfield Investment Corporation has confirmed the long-term rating of Bank of Africa Côte d’Ivoire (BOA CI) at A+, with a stable outlook, and maintained its short-term rating at A1-, while upgrading its outlook from stable to positive. This rating reflects the financial strength of the bank in an environment characterized by a tightening of the BCEAO’s monetary policy. A dynamic banking environment despite a stricter monetary context The Rating Committee notes that the Ivorian banking sector continues to grow, despite the increase in key rates by the BCEAO – with a weekly…