Author: The Editorial Staff

The EFF Geneva 2026 brings together African issuers, European Islamic financial institutions, and the diaspora around ethical investment GENEVA, October 4, 2026 — The Ethical Finance Forum Geneva 2026 (EFF Geneva 2026) opens tomorrow, October 5, at the Hotel President Wilson in Geneva. Organized by AIIF Global Advisory, this two-day event brings together African sovereign issuers, Islamic financial institutions, ethical wealth managers, and diaspora representatives with a common goal: Developing ethical finance in Europe and transforming diaspora savings into productive investment in Africa. The Forum also welcomes leading European institutions in wealth management and Sharia-compliant financial services, illustrating the growing…

Three days before the meeting with its external creditors, Bassirou Diomaye Faye receives the CEO of the first Egyptian bank. Officially, the discussion is about trade. But the establishment of NBE in Dakar and the mobilization of new financing appear in the background. The timing is hard to ignore. On Saturday, October 3, 2026, in...

The battle over the governance of the structures holding the Castel Group is taking a legal turn. Ten out of the twelve economic beneficiaries involved contest the maintenance of Investment Beverage Business Management (IBBM) in its current configuration and have initiated legal proceedings in Singapore. They particularly oppose Romy Castel’s efforts to appoint three new directors within IBBM. The family conflict surrounding the control structures of the Castel Group is escalating. In a statement dated October 2, 2026, several branches of the Castel family claim to contest the actions taken by Romy Castel to modify the board of directors of…

Airtel Money is reaching a new milestone in its London Stock Exchange debut. Airtel Africa’s mobile financial services subsidiary launched its offer to British retail investors on October 2, 2026, at a price of 1.96 British pounds per share (approximately 2.59 dollars). This price values the company at 5.3 billion pounds, or approximately 7 billion...

Nearly 200 direct jobs expected in Touba and Sandiara Dakar, October 1, 2026 – WE! Fund, a subsidiary of the Sovereign Strategic Investment Fund (FONSIS), is investing 1 billion CFA francs (approximately 1.8 million dollars) in two Senegalese SMEs: Mayawa Agro-Industrie, producer of Aïnou mineral water in Touba, and Amar Bio Solutions, specialized in ecological...

Attijariwafa bank is reaching a new milestone in its African expansion. The Moroccan banking group, chaired by Mohamed El Kettani, has reached an agreement with Société Générale to take control of Société Générale Ghana, a move that directly opens the doors to one of the main English-speaking banking markets in West Africa. The agreement announced...

The Dangote group officially launched its oil refinery and petrochemical complex project in Lamu, Kenya, on September 30, 2026, in the presence of Kenyan President William Ruto and Aliko Dangote, CEO of Dangote Group. According to Afreximbank, which welcomed the start of the project on October 1, the investment is estimated at around $16 billion....

The Central Bank of West African States (BCEAO) published, on Wednesday, September 30, 2026, the new list of participants authorized to open the Platform for Interoperable Instant Payment System (PI-SPI) services to the public. In total, 175 institutions and providers are now involved in the eight countries of the West African Economic and Monetary Union. Senegal leads with 43 participants, followed by Ivory Coast with 38, Burkina Faso with 20, Mali with 19, Benin with 18, Togo with 17, Niger with 13, and Guinea-Bissau. The list published by the BCEAO confirms an opening of the system beyond traditional banks. It…

The global venture capital market is undergoing a significant restructuring in 2026. While investment amounts are skyrocketing in major global hubs, particularly in the United States and China, India and Africa are showing two different trajectories but a similar underlying phenomenon: a much more stringent selection of funded projects. In India, the slowdown is evident....

His Majesty King Mohammed VI received, on Tuesday at the Royal Palace in Rabat, Mrs. Fatima Ezzahra El Mansouri, coordinator of the collegiate leadership of the Authenticity and Modernity Party (PAM), whom He appointed as Prime Minister and tasked with forming the new executive, according to a statement from the Ministry of the Royal Household, Protocol and Chancellery. This appointment marks a turning point in Moroccan political life: Mrs. El Mansouri becomes the first woman to be called upon to lead the government of the Kingdom of Morocco. A lawyer by training, former mayor of Marrakech and until now Minister…

Yaoundé – Dakar, June 2026. — A Luxembourg fund announces the establishment of a financing facility of 25 million euros for the benefit of Afriland First Bank Cameroon, headquartered in Yaoundé. This operation aims to strengthen the bank’s financing capabilities for the Cameroonian private sector, particularly businesses and projects with high development potential. The transaction was facilitated by the intermediary and support of the firm Temas, based in Dakar, which played a crucial role in connecting the parties, structuring the operation, and supporting the financing process. An operation aimed at strengthening real economy financing This new facility is part of…

“The stock of the Banque Internationale pour l’Industrie et le Commerce du Bénin (BIIC) recorded the biggest weekly decline on the BRVM for the period from September 21 to 25, 2026. The stock fell by 15.83% to close at 8,510 FCFA, in a movement that resembles more of a technical correction than a deterioration of...

A.P. Moller Capital, a Danish investment fund, has announced the sale of its stake in Powergas, a major player in compressed natural gas (CNG) in Nigeria, to a consortium led by Ardova Plc and including Diadem Energy. The transaction marks the fund’s exit from its first investment made through its vehicle Africa Infrastructure Fund I...

📅 Friday, September 25, 2026 – African markets closing All African finance 👑 JOIN THE MADIBA COMMUNITY Subscribe and join the Madiba community for premium financial information. 🔗 financialafrik.com/subscription ━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1️⃣ TOP NEWS IN AFRICAN FINANCE 1. Airtel Money – exclusive interview with Financial Afrik: Ian Ferrao, CEO of Airtel Money, explains that the planned listing in London should bring “greater strategic flexibility” for African growth. The subsidiary is present in 13 markets and has over 50 million active monthly customers. The proposed operation is based on the sale of existing shares; Airtel Africa holds 77.85% of the capital and…

Lomé, September 24, 2026 – Under the chairmanship of Serge Ekue, Chairman of the Board of Directors and President of the West African Development Bank (BOAD), the Board of Directors of the institution approved new operations and interventions for a total amount of 157.5 billion FCFA. This 152nd session of the Board, held in a hybrid format in Lomé, also approved the BOAD’s interim accounts as of June 30, 2026, and gave a favorable opinion on the recovery status of loan receivables as of August 31, 2026. With these new approvals, the cumulative amount of financing committed by the bank…

The pan-African banking group Ecobank announces a financing plan of $2.6 billion by 2030, aimed at supporting women-led businesses and structuring agricultural value chains on the continent. The announcement was made in Lomé, following the celebrations of its 40th anniversary. At the close of its anniversary year, the Ecobank Group unveiled a new strategic roadmap...

On the occasion of World Maritime Day, celebrated on September 24, Financial Afrik spoke with Sarah Ndaw, Vice President of Sales at Webb Fontaine. The expert analyzes the ongoing changes in the African maritime sector, the challenges related to streamlining port flows, and the increasing role of artificial intelligence in building the ports of tomorrow. “African port challenges are not only related to physical infrastructure” What are the main obstacles to the efficiency and competitiveness of African ports today? African ports play an essential role in the trade and economic development of the continent, but their performance is hindered by…

Airtel Money announced on Wednesday, September 23, 2026, its intention to list its shares on the main market of the London Stock Exchange (LSE). The operation will be supported by the International Finance Corporation (IFC), which has committed to invest up to £67.2 million, or approximately $90 million. The offer will exclusively involve the sale...

The Guinean government plans to launch a new bond issuance through a public offering (APE) for an amount of 2,500 billion Guinean francs (approximately 455 million dollars), according to information reported by Confidentiel Afrique. The operation, scheduled for September 25, 2026 in Conakry, would have a maturity of five years with an annual interest rate...

📅 Tuesday, September 22, 2026 – market closing, a day after the equinoxAll African finance 👑 JOIN THE MADIBA COMMUNITYSubscribe and join the Madiba community for premium financial information.🔗 financialafrik.com/subscription ━━━━━━━━━━━━━━━━━━━━━━━━━━━1️⃣ TOP NEWS FROM AFRICAN FINANCE 1. Pan-African – Airtel Money: According to Reuters citing the Financial Times, Airtel Africa’s mobile money subsidiary is preparing for an IPO in London aiming for a valuation of $8 to $9 billion and raising at least $800 million. 2. BRVM – Sonatel: The group is holding Open Days from September 22 to October 7, focused on informing shareholders about the proposed stock split…

Five out of seven public calls for savings launched by the State of Senegal since January 2024. This statistic alone gives an idea of the role played by Invictus Capital & Finance in the mobilization of Senegal’s public savings on the regional financial market. The Dakar-based SGI is once again in charge of the second...

CDG Invest Growth takes a minority stake in Little Mamma Group, one of the fast-growing players in the restaurant industry in Morocco. The operation, carried out through the Capmezzanine V fund, FPCC-RFA, combines the acquisition of shares and capital increase and aims to accelerate the deployment of the group’s brands. Moroccan international footballer Yassine Bounou...

The Dutch development bank FMO is strengthening its commitment to the Ivorian cocoa industry. It has just granted a working capital facility of 20 million euros, approximately 13.1 billion CFA francs, to Ivory Cocoa Products (ICP), one of the main local cocoa processors in Ivory Coast. With a duration of four years, the financing includes...

Senegal confirms its position as the leading market in the West African Economic and Monetary Union (WAEMU) in microfinance and electronic money. As of December 31, 2025, Senegalese institutions held 26.5% of the assets in the microfinance sector of the Union, while electronic money institutions (EMIs) established in the country accounted for 29.7% of the...

Casablanca – The Société Nouvelle des Conduites d’Eau (SNCE), a historic Moroccan player in hydraulic infrastructure, is opening a new chapter in its development with the entry of CDG Invest Growth (CIG) and Mediterrania Capital Partners (MCP) into its capital. The two investors will jointly acquire, alongside other co-investors, a stake in the group founded in 1961 by the Laraqui family. The family will remain a reference shareholder and continue to support the company’s management. However, the operation is subject to the usual regulatory approvals, including approval from the Competition Council. This alliance marks the arrival of institutional investors in…

One year, to the day, after Sidi Ould Tah took office as President of the African Development Bank, much water will have flowed under the bridges of the unlikely Ébrié lagoon. Enough, in any case, to distinguish the concrete outlines of a doctrine. Elected in May 2025 and taking office on September 1 of the...

One year, to the day, after Sidi Ould Tah took office as President of the African Development Bank, much water will have flowed under the bridges of the unlikely Ébrié lagoon. Enough, in any case, to distinguish the concrete outlines of a doctrine. Elected in May 2025 and taking office on September 1 of the...

One year to the day after Sidi Ould Tah took office as President of the African Development Bank, much water will have flowed under the bridges of the unlikely Ébrié lagoon. Enough, in any case, to distinguish the concrete outlines of a doctrine. Elected in May 2025 and taking office on September 1 of the...

At the end of two weeks of tough negotiations, from August 19 to September 1, 2026, Senegal and the International Monetary Fund reached an agreement at the staff level on a new program of $2.2 billion, or about 1,243 billion CFA francs, over 36 months. The agreement still needs approval from the IMF management and...

Banking landscape in Niger confirms in 2025 a two-speed configuration: a dominant SONIBANK, driven by its national roots, and a group of regional private banks led by BOA Niger, Ecobank Niger, and Coris Bank International Niger. According to the 2025 annual report of the UMOA Banking Commission, the Nigerien banking sector remains concentrated around a...