Author: The Editorial Staff

The Board of Directors of Banque Centrale Populaire (BCP), meeting on December 17, 2025 under the chairmanship of Mrs. Naziha Belkeziz, appointed Mr. Adil Rzal as General Director in charge of Group Risks. Prior to this appointment, Adil Rzal held the position of Chairman of the Management Board of Banque Populaire de Rabat-Kénitra, where he...

The State of Benin, through its Public Treasury, raised 100 billion CFA francs (approximately 180 million dollars) on Tuesday, December 16, 2025, on the financial market of the West African Economic and Monetary Union (UEMOA), following an auction of Treasury bonds (OAT) with maturities of 4, 6, and 10 years. The amount offered at auction...

BRED Madagasikara Banque Populaire announces that it has concluded a financing agreement with the Filatex Group for the extension and construction of two photovoltaic solar power plants with a total capacity of 4 MW, located in Tuléar and Nosy Be. With an electrification rate limited to about 33%, Madagascar faces a strong dependence on thermal power, especially heavy fuel oil (HFO) and diesel (LFO). In this context, the development of renewable energies is a priority. This financing contributes concretely to achieving the Sustainable Development Goals (SDGs), in particular SDG 7 (Clean and affordable energy) and SDG 13 (Climate action). The…

Moroccan groups are taking back shares held by French banks, signaling a silent reshaping of the banking landscape in Morocco. Is it time for the Moroccanization of banks? Although not widely publicized, the banking sector is undergoing a silent revolution. The acquisition of Crédit du Maroc by the Holmarcom group, led by Hassan Bensalah, is...

The Republic of Congo has announced the reopening of its international bond issued in November 2025, for an amount of $260 million, as part of its active public debt management strategy. The operation concerns the same bond instrument as the initial issuance: a 9.875% coupon, with a final maturity in November 2032. Repayment will be...

London – The 17th replenishment of the African Development Fund (ADF) of the African Development Bank (AfDB), which opened yesterday in the British capital, started with a strong signal. The Arab Bank for Economic Development in Africa (BADEA) announced a contribution of $800 million, significantly more than the $550 million left vacant by the withdrawal...

OLEA announces the acquisition of Marsh Botswana, now renamed OLEA Botswana, thus finalizing five years of collaboration with Marsh McLennan. According to the group’s official statement, this operation “aims to strengthen local capabilities, ensure continuity of service, and offer increased proximity to clients.” The integration of Marsh Botswana is part of a structured expansion strategy,...

On Saturday, December 13, 2025, in Dakar, the closing ceremony of SONACOS’ fiftieth anniversary took on a special dimension when its CEO, El Hadj Ndane Diagne, delivered a dense, solemn, and strategic speech. As the peanut sector faces increased foreign competition, price volatility, and a sensitive debate around export taxes, the head of the National Oilseed Company of Senegal emphasized the vital role of the company in food sovereignty and the lives of millions of rural people. This final stage, after Louga, Diourbel, Kaolack, and Ziguinchor, highlighted the deeply national character of this fiftieth anniversary. “SONACOS is not just a…

Cairo, Egypt, December 13, 2025 – The African Export-Import Bank (Afreximbank), Africa’s premier multilateral financial institution, reached a historic milestone today with the groundbreaking ceremony for the African Trade Center of Afreximbank (AATC) in the new Egyptian capital, which will also house the Bank’s new global headquarters. Located in the diplomatic district of the new capital, approximately 45 kilometers east of Cairo, the African Trade Center of Afreximbank will be situated in a modern and strategically planned environment bringing together ministries, foreign embassies, and international organizations. It will be the first facility of its kind in the North African region.…

Nearly twenty years after the historic introduction of Maroc Telecom, the Casablanca Stock Exchange has just turned a decisive page. The listing of the Société Générale des Travaux du Maroc (SGTM), closed on December 8, has triggered a rare enthusiasm: nearly 173,000 subscribers, 171 billion dirhams (approximately 17 billion dollars) in demand, which is 34...

Shelter Afrique Development Bank (ShafDB) makes a big move: economist and former Beninese Prime Minister Lionel Zinsou has been elected President of the Board of Directors at the 149th meeting held on December 11. He succeeds Dr. Chii Akporji. By his side, Said Athman Mtwana is appointed as Vice President of the board. This new...

Holmarcom group confirmed, in a statement released on December 12, 2025, that it has entered into exclusive talks with BNP Paribas for the acquisition of the majority stake of 67% held by the French bank in the capital of Banque Marocaine pour le Commerce et l’Industrie (BMCI). This clarification comes after several market rumors about...

By Hamat Zugulu, N’Djamena . Long marked by low financial inclusion and a concentration on a few major issuers, the Chadian banking sector is undergoing a profound transformation driven by digitalization, the arrival of new operators, and a dynamic of reforms initiated under the impetus of the authorities. Despite a population estimated at 20 million...

Salim Raiss has been appointed General Manager Morocco for all entities of AGL (Africa Global Logistics) in Morocco. His mission will be to lead the development of the company’s activities in Morocco and strengthen its position in this strategic market. This appointment is part of the company’s overall strategy to strengthen its presence in the region, especially to launch and support the growth related to the numerous investment projects planned in the Kingdom in the coming years. An engineer in agri-food industries in France, Salim Raiss began his career in the agri-food industry, notably at Unilever and Danone, before joining…

The IPO of CashPlus has been effective since December 8, 2025. The IPO, which was oversubscribed 64 times, has been a resounding success, raising 750 million dirhams (approximately 69.8 million euros) through a combination of capital increase and share sale. According to the prospectus consulted by Financial Afrik, the Moroccan fintech company attracted over 80,000 subscribers, making it the second IPO of 2025 in Morocco, after Vicenne’s in July. The amount raised, 750 million dirhams, is divided between two distinct parts: 400 million dirhams allocated to capital increase for the acceleration of the development of its super-app integrating payment cards,…

Mauritania held its Insurance General Assembly on December 8 and 9, 2025, a strategic event organized in partnership with FINACTU and under the supervision of the Central Bank of Mauritania (BCM), which has been regulating the sector since September 2025. This transfer of supervision, coupled with a strong desire to reform the market, marks the beginning of a vast transformation aimed at restoring insurance to its rightful place in the national financial system. For two days, insurance companies, intermediaries, legal professionals, security forces, financial institutions, technical partners, and ecosystem actors gathered for workshops, panels of international experts, and consultation sessions.…

The Sovereign Strategic Investment Fund of Senegal (FONSIS) has launched a partnership call for the realization of the Dakar Millennium Center (DMC), a large-scale integrated urban project that aims to transform a strategic site of 37 hectares in Ouakam, on the West Corniche, into a world-class business district. The official document detailing the call for applications specifies the technical requirements, participation modalities, and economic ambitions of the project. A structuring project at the heart of the West Corniche Mandated to enhance one of Dakar’s most strategic lands, FONSIS intends to make the DMC a mixed urban destination, combining high-level tertiary,…

On December 8, the DP World Foundation reaffirmed its commitment to education in Senegal by organizing a large ceremony to distribute school kits to three schools located around the future Port of Ndayane: Kholpa, Niangal 1, and Ndayane. Completely renovated as part of the “Classes of Hope” program, these establishments welcomed the DP World teams as well as local administrative and traditional authorities who came to witness the completion of several months of work and support. In the morning, the delegations visited the schools, raised the flag, attended cultural performances by the students, and symbolically distributed the kits offered by…

Douala, December 5, 2025 — It is now official: Standard Chartered has finalized the transfer of all its operations in Cameroon to Access Bank Cameroon, thus reaching a major milestone in its global strategy of simplification and reduction of its footprint. Decided in April 2022 as part of a broad disengagement plan from several markets...

Dubai, December 8, 2025 – The BUTEC Group announced the successful closure of financing for a major project involving the design, construction, operation, and transfer (Build-Own-Operate-Transfer, BOOT) of two thermal power plants with a total capacity of 50 MW in Burkina Faso. This strategic investment aims to urgently secure and strengthen the national electricity supply under a five-year Power Purchase Agreement (PPA) between the National Electricity Company of Burkina (SONABEL) and the BUTEC Power Generation subsidiary of the group. The two power plants covered by the contract will be located in Kaya and Koudougou, two cities in the central part…

The UEMOA regional debt market has so far managed to absorb the sharp rise in Senegalese issuance following the suspension, last year, of the $1.8 billion IMF program, according to a new report from S&P Global Ratings published on December 8, 2025. According to the agency, Senegal remains by far the largest issuer in the...

London/Libreville, December 8, 2025 – Assala Energy has just surpassed a strategic threshold by reaching 57,068 barrels of oil per day in operated production, an unprecedented level that confirms the growing strength of the oil group after its change in shareholding. This performance comes a year after the entry of Gabon Oil Company (GOC) as...

London, December 5 – Rawbank, a leading bank in the Democratic Republic of Congo, has been elected Bank of the Year 2025 in DRC by The Banker, a publication of the Financial Times group and a global reference in the banking sector. This distinction, awarded to a single institution per country, rewards banks that stand out for the strength of their model, the consistency of their strategy, and their measurable contribution to the development of their economy. A prize awarded through rigorous and independent evaluation The “Bank of the Year” award distinguishes institutions that, during the evaluated period, have demonstrated…

Between 2022 and 2024, developing countries have experienced an unprecedented situation in half a century: they have repaid 741 billion dollars more than they have borrowed, transforming external debt into a new mechanism of net resource extraction, according to the World Bank. This spectacular reversal of financial flows, where repayments far exceed new loans, is...

The Digital Africa Summit, held on Friday in Dakar, highlighted Senegal’s emergence as a future digital hub on the continent. In front of a gathering of ministers, operators’ leaders, international experts, and innovation actors, GSMA delivered a strategic study that, for the first time accurately quantifies the potential economic impact of digital reforms. According to...

It was in Washington that the presidents of the Democratic Republic of Congo and Rwanda, Félix Tshisekedi and Paul Kagame, signed a peace agreement on Thursday, December 4th. “It is a ‘great miracle’,” commented American Donald Trump. The main objective of this agreement is to create the conditions for the end of the war in...

It is a turning point for the Burkinabe energy landscape. The well-known TotalEnergies Burkina brand, familiar to motorists and consumers, changes its name and now becomes “Barka Energies”. This change comes after the acquisition of the Burkinabe subsidiary of TotalEnergies by Coris Invest Group, owned by businessman Idrissa Nassa, founder of Coris Bank International and...

After the takeover of SAAR Benin, now known as Nobila Assurance, the new player in the Benin insurance market has big dreams. Despite the historically narrow and underpenetrated market, its leaders aim to make it a reference company that meets the challenges of the time, with promising prospects. Exclusive interview. Interview by Daniel Djagoué What is Nobila Assurance’s vision today and how does the company intend to strengthen its position in the Beninese market? With the majority stake acquisition in SAAR Benin, now Nobila Assurances, businessman Salif Ouédraogo envisions turning it into a high-performing citizen company to reposition in the…

The Minister of State, Minister of Economy, Finance, Debt and Participation, in charge of fighting against the high cost of living, Henri-Claude Oyima, also Vice-President of the Government ad interim, presented the structuring orientations of the 2026 budget as well as the strict rules that will now frame public management. In front of Government members, administrative officials, and public partners, he recalled that the directives of the President of the Republic, General Brice Clotaire Oligui Nguema, impose on the executive a profound transformation based on discipline, performance, and the restoration of economic sovereignty. Adopted unanimously by the National Assembly and…

The Regional Mortgage Refinancing Fund of the UEMOA (CRRH-UEMOA) held its last Commitment Committee meeting today, bringing the amount of refinancing authorized in 2025 to 60 billion CFA francs for nine (09) banks in the Union based in Benin, Burkina Faso, Côte d’Ivoire, Senegal, and Togo. The total amount of support granted by the institution since its creation now reaches 440 billion CFA francs. This performance, made possible by the mobilization of long-term resources on financial markets and from development partners, marks a decisive acceleration in the implementation of the 2023-2027 strategic plan. 2025 was marked by a major advancement…