Author: The Editorial Staff

The Togo wants to make cost reduction a major lever to transform its aviation sector. The Director General of the Togo National Civil Aviation Agency (ANAC Togo), Colonel Abdou Ahabou Idrissou, provided details on Thursday, July 2, on the sidelines of the launch of the ECOWAS Economic Oversight Committee for Air Transport. According to the...

The external position of the Economic and Monetary Community of Central Africa (CEMAC) remains under pressure. According to the Monetary Policy Report of June 2026 published on Thursday, July 2 by the Bank of Central African States (BEAC), foreign exchange reserves stood at 7,248 billion CFA francs (approximately 12.62 billion US dollars) at the end...

Coris Bank International Togo (CBI Togo) closed the 2025 financial year with increased financial indicators, according to data from the bank consulted by Financial Afrik. It reported total assets of 615.5 billion CFA francs (approximately 1.07 billion dollars at the exchange rate as of July 1, 2026) at the end of December 2025, compared to...

The Ethiopian bank Abay Bank was admitted on June 25, 2026 to the main market of the Ethiopian Securities Exchange (ESX), under the code ABAYB, becoming the fifth company listed on this still recent financial market. According to information published by the Exchange, this listing marks a new milestone in the development of the Ethiopian...

In the DRC, President Félix Tshisekedi has reappointed André Wameso as Governor of the Central Bank of Congo (BCC), by presidential decree made public on Tuesday, June 30. In the same text, Charlotte Mulengezi and Jean-Marcel Bikayembe were appointed deputy governors of the issuing institution. These appointments mark a choice of continuity at the helm...

Meeting in an ordinary general assembly on June 30, 2026, the shareholders of NSIA Bank Ivory Coast approved the accounts for the year ended December 31, 2025 and validated the distribution of a total envelope of 19 billion CFA francs (approximately 34 million dollars) as dividends. This decision marks a year of growth for one...

This Wednesday, July 1st, the Three Lions and the Leopards face off in the round of 16 of the North American World Cup. Before the showdown on the field, the match of numbers pits two economic universes and two currencies that are worlds apart; everything except, perhaps, ambition. Kick-off: David versus Goliath of GDP. On one side, the United Kingdom (of which England is a member with nearly 85% of the country’s total GDP), the fifth largest economy in the world with a GDP of 4.260 trillion dollars in 2026 and a per capita income of around 61,246 dollars. On…

Before facing each other on the field, Switzerland and Algeria are already engaged in a close duel in the columns of statistics. Size of the economy, wealth per capita, growth, inflation, employment: on the field of aggregates, the two nations come with very different weapons. On one side, the precise and prosperous Swiss machinery. On the other, the Algerian push, younger, wider, faster. As they enter this Round of 16, Switzerland presents itself with the thickness of an economic favorite. With a GDP of 1,040 billion USD in 2025, the Confederation operates in a different dimension than Algeria, credited with…

The insurance sector in Algeria started 2026 at a nearly unchanged pace, according to data published on June 28, 2026 by the National Insurance Council (CNA). In the first quarter, the overall market turnover stood at 57.3 billion dinars (approximately 430 million USD), representing a very limited increase of 0.2% year-on-year. This apparent stability, however,...

The Central African Banking Commission consulted the banking and financial profession on eight draft texts covering payment services, minimum banking services, indexing of bad payers, liquidity of EMFs, supervision of deposit and consignment funds, as well as the treatment of inactive accounts and unclaimed assets. The meeting took place from June 22 to 24, 2026,...

After the auction of the mansion on Avenue Foch, seized in the so-called “ill-gotten gains” case, Equatorial Guinean Vice President Teodoro Nguema Obiang Mangue is taking a tougher stance and denouncing “colonial” practices by France. A new diplomatic front is thus opening between Paris and Malabo. Three days after the sale by the Agency for...

The President of the Republic, Bassirou Diomaye Faye, continues to renew the decision-making centers of the State. At a meeting on July 2, 2026, the Council of Ministers approved a new wave of appointments marked by the replacement of the Directors General of the General Delegation for Rapid Entrepreneurship of Women and Youth (DER/FJ), the...

Nairobi – On the occasion of its 25th anniversary, the African Trade & Investment Development Insurance (ATIDI) released its 2025 Annual Report on July 2, 2026, a special edition that traces a quarter of a century of intervention in financing development, facilitating investments, and managing risks in Africa. Under the theme “Empowering Africa: Risk Managed, Growth Unlocked,” this publication highlights the evolution of ATIDI, from a regional agency providing political risk insurance to one of the leading African institutions mobilizing investments and mitigating risks. In twenty-five years of operation, ATIDI states that it has supported $93 billion in trade and…

Senegal will host the 7th meeting of the High-Level Committee on Peace and Security of the West African Economic and Monetary Union (UEMOA) on July 10, 2026 in Dakar, under the presidency of the Senegalese head of state, Bassirou Diomaye Diakhar Faye, who is the current chair of this strategic body. This meeting takes place in a context marked by persistent security threats in West Africa, including terrorism, cross-border crime, and institutional fragilities. The discussions will focus on the evolving security situation in the eight member states of the Union, as well as the assessment of the implementation of decisions…

“Africa must produce its own science to conquer its technological sovereignty” In a context where Africa is accelerating its investments in infrastructure, but remains heavily dependent on technologies and knowledge produced abroad, Mohammed VI Polytechnic University aims to establish a new development model based on research, innovation, and entrepreneurship. In this interview with Financial Afrik, its president, Hicham El Habti, discusses the university’s ambition to build African scientific sovereignty, the challenges of artificial intelligence, the valorization of research, and the levers to transform knowledge into a driver of competitiveness and economic transformation for the continent. Africa is investing heavily in…

“The success of this securitization operation illustrates Ecobank’s ability to mobilize its pan-African network and regional financial markets to address a fundamental issue: enabling more families to access decent housing while strengthening real economy financing” In a context where housing needs continue to grow across West Africa, financial institutions are called upon to innovate to mobilize more resources for the real economy. It is in this dynamic that Ecobank is participating in the first multi-country mortgage securitization operation carried out in the UEMOA area, bringing together five of its subsidiaries around the same ambition: sustainably strengthening housing financing while contributing…

The Moroccan Association of Capital Investors (AMIC) is opening a new chapter in its history. Meeting at the General Assembly on June 29, 2026, the organization unanimously elected Omar Bekkali as its president, replacing Hassan Laaziri, at the end of a term marked by strengthening the institutional role of the association and consolidating the Moroccan...

The World Bank Group is scaling up its engagement in Guinea. The institution has approved a new Country Partnership Framework (CPF) covering the period 2027-2033, aimed at supporting the country’s economic transformation with a central goal: creating more quality jobs through better governance, more efficient infrastructure, and a more dynamic private sector. This new partnership foresees $2.1 billion in commitments from the World Bank, to which should be added almost a billion dollars in financing, investments, and guarantees mobilized by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). In total, the envelope could exceed $3 billion,…

“For the first time in its 56-year history, the International Organization of La Francophonie (OIF) is publicly auditioning candidates for its leadership. A revolution whose outcome will be decided in November for the designation of the successor to Rwandan Louise Mushikiwabo, who is also a candidate. Everything, or almost everything, will be decided in Paris, this Tuesday, June 30. In a room where, traditionally, the art of compromise is cultivated, La Francophonie is preparing to break with half a century of habits. An extraordinary Ministerial Conference (CMF) brings together the foreign ministers of the member states and governments for a…

While African states seek to accelerate the realization of their infrastructure in a context of budget constraints, fragmentation of international funding, and increased competition to attract private capital, the question of project preparation becomes central. For Financial Afrik, Mouhamad Rassoul Dieng, founder of MOPAT Group, discusses the barriers that still prevent many African projects from reaching financial closure, the role of public-private partnerships, and the need to move from a logic of announcement to a logic of execution. Interview by Daniel Djagoué Many African projects still struggle to reach financial closure or execution phase. What, in your opinion, are the…

The ECOWAS Investment and Development Bank (BIDC) and the government of the Nigerian state of Taraba signed three loan agreements totaling $268 million on June 26, 2026. The goal is to support industrialization, strengthen rice production, and develop the energy supply through a 50 MW solar power plant. Signed at the regional institution’s headquarters in Lomé, Togo, the agreements commit the BIDC and the Taraba State authorities to an investment program focusing on three strategic areas: industry, agriculture, and energy. The ceremony was attended by the President of BIDC, Dr. George Agyekum Donkor, and the Executive Governor of Taraba State,…

Burkina Faso announced on Friday, June 26, the rupture of its diplomatic relations with France, in a decision presented by the authorities as an act of “responsibility” and “sovereignty”. In a statement relayed by the national television RTB, the Burkinabe government asserts that the conditions for a relationship based on “mutual respect”, “reciprocal trust”, “non-interference”...

By Ismael Sy, Casablanca. Capital increases of this magnitude are rarely insignificant. The one being prepared by the Moroccan agri-food group Cartier Saada is even one of the most significant recently observed on the Casablanca Stock Exchange in terms of the size of the issuer. Meeting on June 24, the Board of Directors decided to...

The African Trade and Investment Development Agency (ATIDI) will bring together key African and international decision-makers from June 30 to July 3, 2026 in Nairobi, Kenya, for its 26th Annual General Meeting (AGM), coinciding with the institution’s 25th anniversary. Under the theme “Empowering Africa: Risk Managed, Growth Unlocked”, this edition comes at a time when...

After four months as Acting CEO of the African Guarantee Fund (AGF), Constant N’Zi was confirmed as the CEO during the institution’s 15th Annual General Meeting held on June 23, 2026. This appointment, endorsed by the board of directors, marks a new chapter for this African specialist in credit guarantee dedicated to small and medium-sized...

By Rodrigue Fénelon Massala, Kinshasa. China has taken a new step in strengthening its economic relations with Africa by authorizing Standard Bank, the largest bank on the African continent in terms of assets, to jointly settle transactions in yuan in 19 African countries. This decision is part of Beijing’s strategy to increase the international use...

An international investigation sheds light once again on the fortune of the Bongo family. Coordinated by Le Monde with the Organized Crime and Corruption Reporting Project (OCCRP) as part of the OpenLux project, it highlights the hidden wealth of Fabrice Andjoua Bongo Ondimba, one of the sons of former president Omar Bongo, through a network...

Burkina Faso announced on Friday, June 26, 2026, the immediate severance of its diplomatic relations with France. In a statement signed by the government spokesperson, Burkinabe authorities justify this decision by a “thorough evaluation” of the bilateral relations, stating that the conditions for a partnership based on “mutual respect, mutual trust, non-interference, and respect for...

Interview conducted by Ismaila Sy, permanent correspondent in Casablanca. Closed on June 15 in just 24 hours, the securitization operation of residential mortgage loans (RMBS) carried out by five subsidiaries of the Ecobank Group confirms the market’s appetite for the ZAKA program. In this interview with Financial Afrik, Yedau OGOUNDELE, Managing Director of AFINHAB, and Adji Sokhna M’BAYE, Managing Director of BOAD Titrisation, decrypt the challenges of this financial engineering serving housing. The housing deficit in the West African Economic and Monetary Union (UEMOA), estimated at 3.5 million units, increases by 800,000 each year due to demographic pressure and rapid…

Burkina Faso officially opens subscriptions for its new Sukuk loan of 75 billion FCFA on Friday, June 26, 2026, an operation that marks a new step in the state’s strategy to diversify sources of financing on the regional financial market of the UEMOA. Arranged by Image Finance Internationale, the issuance has a maturity of nine years (2026-2035) and offers an annual profit margin of 6.80%. The certificates, issued at a nominal value of 10,000 FCFA, target both institutional investors and individuals willing to participate in the financing of public projects through an instrument compliant with Islamic finance principles. The operation…