Author: The Editorial Staff

The Consumer Price Index (CPI) in South Africa recorded a moderate increase of 0.2% in May compared to April, according to data published by Statistics South Africa on Wednesday, June 18. The overall inflation remained stable at 2.8% on an annual basis, unchanged from the previous month, as expected by analysts. Meat, main driver of...

The Olkaria geothermal project by the public company Kenya Electricity Generating Company (KenGen) is 70% completed and has received key equipment, paving the way for increased development of renewable energy in the country. The project is located in Hell’s Gate National Park, Kenya, about 120 kilometers from the capital, Nairobi. Once completed, as stated in a press release on Wednesday, June 18, the Olkaria I geothermal project is expected to provide 63 megawatts of renewable energy to the Kenyan national grid, further solidifying the country’s position as a global leader in geothermal energy. The public company announced that two steam…

The economic capital of Ivory Coast welcomed, on June 17 and 18, 2025, the President of the Republic of Guinea, General Mamadi Doumbouya, as part of a visit of friendship and work. This official visit is part of a strong willingness of both countries to strengthen their bilateral cooperation, with a particular focus on economic...

Between 2020 and 2024, Cameroon has a deficit in its foreign exchange operations at the Central Bank of Central African States (BEAC) window of 1.6 trillion CFA francs (2.8 billion USD). This information was revealed during the “Finance Week” in Yaoundé on June 17, 2025 by the national director of the Central Bank for Cameroon,...

The turnover of Sucrivoire, specialized in the production and marketing of sugar, recorded a 13% decrease at the end of the first quarter of 2025 compared to the same period of the 2024 fiscal year, announced the leaders of this company based in Borotou-Koro, a locality located in the Northwest of Côte d’Ivoire. The company’s...

By Abderrahmane MEBTOUL, professor of Universities . Professor at universities, international expert in geostrategy, director of energy studies at the Ministry of Energy – Sonatrach 1964-1976 – President of the energy transition commission of the 5+5+Germany 2019-2021 – Doctor of State 1974 – Abderrahmane MEBTOUL – member of several international organizations What are the possible scenarios of the Israel-Iran conflict? The current conflict between Iran and Israel has implications for the Middle East but concerns the whole world. Between geopolitical flare-ups and strategic maneuvers, markets are heating up. As military tensions between Israel and Iran intensify, analysts are revising their…

Octopus Energy, a British group active in clean energy technologies, announced on Wednesday, June 18, the launch of its first African energy fund. The goal is to boost investments in one of the most promising renewable energy markets in the world. With an initial budget of $60 million, this new instrument named “Octopus Energy Power...

Nigeria is reaching a new milestone in its energy strategy. For the first time, a shipment of 90,000 tons of gasoline produced by the Dangote refinery will be heading to Asia, marking the country’s first export outside of West Africa since the launch of the mega-oil facility. Since its commissioning in 2024, the refinery, with a capacity of 650,000 barrels per day, had previously reserved its exports for West African markets. This shift in direction reflects a growing ambition to establish itself on the global energy stage. According to Reuters, the Swiss company Mercuria Energy Group, specializing in oil and…

The Central Bank of Namibia has decided, on Wednesday, June 18, to keep its main key rate unchanged at 6.75%. This decision was unanimously adopted by its monetary policy committee, and consequently maintains the commercial banks’ prime rates at 10.50%. This direction aims to preserve the Namibian dollar’s peg to the South African rand, while supporting the national economic activity. According to the Central Bank, the Namibian economy grew during the first four months of 2025, albeit at a more moderate pace than during the same period in 2024. This growth was mainly driven by the mining, tourism, commercial, transportation,…

Atlas Investment and Food Industries (AIFI), listed on the Cairo Stock Exchange, announced a net loss of 1.668 million Egyptian pounds (approximately 34,000 USD) for the first three months of 2025, compared to 1.943 million pounds (nearly 38,670 USD) a year earlier, representing an improvement of 14.13%. The non-consolidated earnings per share remains unchanged at 0.003 EGP. This reduction in losses reflects the initial effects of the rationalization program launched by the group to cope with an ongoing challenging economic environment. Efforts focus on optimizing stocks, reducing non-essential expenses, and diversifying towards new export markets. For the full year 2024,…

In May 2025, the annual inflation rate in South Africa remained unchanged at 2.8%, in line with analysts’ forecasts, according to data released on Wednesday, June 18 by the national statistics agency. This level, below the midpoint of the 3 to 6% target set by the South African Reserve Bank (SARB), has been observed since...

Senegal has just reached a decisive step in its sustainable urban development policy. In an official statement received on June 17, 2025, the World Bank announces the approval of a concessional financing of $100 million through the International Development Association (IDA), aimed at deeply transforming urban mobility in the Dakar agglomeration, while preparing for the...

The Congolese Minister of Justice and Keeper of the Seals, Constant Mutamba, announced his resignation on Tuesday, June 17, 2025, to the President of the Republic, Félix-Antoine Tshisekedi Tshilombo. This decision comes just 48 hours after the National Assembly lifted his immunity, authorizing legal proceedings against him. According to sources cited by Jeune Afrique, the resignation was accepted by the head of state, following a discussion that lasted nearly an hour. A formal confirmation letter is expected to be sent to the president’s office and that of the Prime Minister, Judith Suminwa Tuluka, on Wednesday. The now former Minister of…

The Ghana Chamber of Mines predicts a moderate increase in gold production by the end of 2025, despite operational challenges and the closure of certain mines. According to its outlook announced on Monday, June 16, production could reach between 4.4 and 5.1 million ounces, supported in particular by the performance of small mining operations which...

The Bank of Tanzania (BOT) has signed agreements to purchase 20% of the gold extracted from the country in order to increase its foreign reserves. The four agreements were signed on Monday, June 16 in Dodoma, the capital, with Geita Gold Mining, Shanta Gold Mining Company, Buckreef Gold Company, and Geita Gold Refinery. This is...

Between May 30 and June 6, 2025, the General Tax Directorate (DGI) collected 932 billion Congolese francs, equivalent to approximately 327 million US dollars, marking an 18.32% increase compared to the previous week (787.7 billion CDF), according to the latest economic outlook note published by the Central Bank of Congo (BCC). This performance positions the...

In line with its strategy to mobilize internal and regional resources, the State of Senegal, through the Public Treasury, will launch a bond issue through a Public Offering (APE) on June 19, 2025, with an amount of 300 billion CFA francs. This financial operation, open to national, regional, and international savings, will extend until June 30, 2025. This new fundraising is part of a dynamic to finance development projects with strong socio-economic impact, particularly in priority sectors such as infrastructure, education, health, water, energy, agriculture, and digital technology. According to financial authorities, this bond issue also aims to strengthen the…

Coris Bank International officially launched its Chadian subsidiary on June 18, marking its entry into the banking market of the Central African Economic and Monetary Community (CEMAC). The new entity, Coris Bank International Chad, takes over from the former Société Générale Chad, whose acquisition was finalized on February 31, 2024. The tenth market for the group, Chad becomes Coris’ first presence in Central Africa. Already firmly established in the West African Economic and Monetary Union (UEMOA) where it is among the three largest banking groups, Coris continues its continental expansion with a strategy focused on high-potential areas. The board of…

It is on the peaceful shores of the Ébrié lagoon in Abidjan that Dr Monique Nsanzabaganwa granted us an exclusive interview, on the occasion of the publication of her book Seed. A meeting reflecting her work: clear-sighted, dense, and inhabited by a quiet conviction. In this essay with biographical undertones, the former Vice President of the African Union Commission, who has also served as a minister in Rwanda and as the former Deputy Governor of its central bank, addresses the major challenges facing the African continent, while outlining the contours of a possible future. The title, Seed, alone summarizes the…

It is on the peaceful shores of the Ebrié lagoon in Abidjan that Dr Monique Nsanzabaganwa granted us an exclusive interview on the occasion of the publication of her book Seed. A meeting that reflects her work: clear-sighted, dense, and inhabited by a quiet conviction. In this essay with biographical accents, the former Vice President of the African Union Commission, who has also served as a minister in Rwanda several times and as the former Deputy Governor of its central bank, reflects on the major challenges facing the African continent while outlining the contours of a possible future. The title,…

At the end of a simultaneous auction of treasury bills (BAT) with maturities of 182 and 355 days, as well as treasury bonds (OAT) with a 3-year maturity, Guinea Bissau raised an amount of 15 billion CFA francs (27 million dollars) on the West African Monetary Union (UMOA) financial market on Tuesday, June 17, 2025....

Luanda, Angola – June 17, 2025 The African Trade & Investment Development Insurance (ATIDI) will hold its 25th Annual General Assembly (AGA) from June 18 to 21, 2025 in Luanda, Angola, under the theme: “Turning risk into opportunity, ensuring a sustainable future”. This milestone event marking a quarter century of activity is a key step for the continent’s multilateral insurer, a central player in financing trade and investment in Africa. The event will bring together high-level representatives from ATIDI’s 24 African member states, its 13 institutional shareholders, as well as strategic partners, funders, and development financial institutions. The agenda includes:…

In Gabon, President Brice Clotaire Oligui Nguema inaugurated on Monday, June 16, in Libreville, the official opening of a clean water pumping station, in the presence of the President of the African Development Bank (AfDB), Akinwumi Adesina. With a total cost of 117.4 million euros, this infrastructure is a key component of the Integrated Program for Drinking Water Supply and Sanitation in Libreville (PIEAPAL). Financed by a loan of 75.4 million euros from the AfDB, complemented by a second loan of 42 million euros from the Africa Growing Together Fund (co-managed with the Bank of China) as well as a…

Former French Prime Minister François Fillon was sentenced on Tuesday, June 17 to four years in prison with a suspended sentence, along with a fine of 375,000 euros and five years of ineligibility. The Paris Court of Appeal found him guilty of embezzlement of public funds in the case of the fictitious jobs of his wife Penelope, who held a position as a parliamentary assistant without justification for actual work. This decision comes after a third trial ordered by the Court of Cassation, which definitively confirmed Mr. Fillon’s guilt while overturning the one-year prison sentence handed down in May 2022.…

The pan-African financial services group United Capital reached a new milestone in its regional expansion strategy on Monday, June 16 in Abidjan. Through its subsidiary United Capital Asset Management West Africa Limited (UCAMWAL), the group officially launched two new investment funds approved by the Financial Markets Authority of the West African Economic and Monetary Union...

The African Development Bank (AfDB) has approved financing of 19.6 million euros for the second phase of the Cabeólica expansion project, a flagship initiative in the renewable energy sector in Cape Verde. This is the first national project on a large scale combining wind production and energy storage systems with batteries (BESS), according to a...

Fitch Ratings agency upgraded Ghana’s long-term foreign currency issuer default rating (IDR) from “Restricted Default” (RD) to “B-” on Monday, June 16, with a stable outlook. This decision, according to Fitch, reflects the normalization of relations between Ghana and a significant majority of its external commercial creditors. Additionally, the agency anticipates a gradual improvement in the country’s ability to meet its foreign currency obligations. The service of debt denominated in foreign currencies, including domestic dollar bonds, is expected to reach 1.2% of GDP (1.2 billion USD) in 2025, and then 1.4% (1.9 billion USD) in 2026. These forecasts are based…

The president of the Malian transition, Assimi Goita, officially launched the construction of a state-owned gold refinery in partnership with the Russian group Yadran. The infrastructure aims to strengthen local processing and reduce losses from exports in a crucial gold sector for the national economy. The joint venture, named SOROMA-SA, is 62% owned by the...

Ekuity Capital has entered the shareholding of the New Era Fund I, an Early Stage investment fund dedicated to innovative startups in Tunisia. This operation brings the amount of the first closing to 7 million euros, out of a target size of 15 million. Alongside Smart Capital and UGFS North Africa, already present in the...

The British company Resolute Mining announced on Monday, June 16, the discovery of a significant gold deposit in the department of Doropo, in the northeast of Ivory Coast. This new deposit, with reserves estimated at over 100 tons of gold, represents a major advancement for the Ivorian mining sector. During a meeting with Prime Minister...