Author: The Editorial Staff

The International Air Transport Association (IATA) is calling on African governments to make aviation a priority lever for economic growth, social development, and connectivity. With an estimated contribution of $75 billion to the continent’s GDP and 8.1 million supported jobs, the African aviation sector is expanding, with an expected growth rate of 4.1% per year by 2044. “Support for aviation underpins employment, trade, and tourism,” said Somas Appavou, IATA’s regional director for Africa. During a virtual conference dedicated to Africa on Wednesday, July 30, the international organization defined three key priorities: first, improving safety and security. Despite progress, the implementation…

In a notice published in the official journal on July 28, 2025, the Tanzanian government has banned foreigners from participating in 15 specific types of activities, ranging from general trade to service provision such as travel, mobile money, hairdressing, media, and light industry. Other services include offering domestic, office, and environmental cleaning services, small-scale mining...

NEM Insurance Plc released its financial statement as of June 30, 2025, confirming a strong growth in its assets, which reached approximately 1.07 billion dollars (159.9 billion nairas), compared to around 812.9 million dollars (121.9 billion nairas) at the end of the 2024 financial year. This growth reflects a strong performance in the first half...

The General Authority of the Suez Canal Economic Zone (SCZone) has signed an investment contract with CWA Textiles, an Egyptian company specialized in spinning, weaving, embroidery, and knitting, to establish a new factory in Sokhna, southwest of Suez. The announcement was made on Wednesday, July 30th by the SCZone. With a value of 19.9 million...

To revive its national airline, Guinea is counting on an African investment company: Gewan Africa Holding. The Guinean Ministry of Transport announced on Wednesday, July 30, 2025, the signing of a memorandum of understanding with this Holding for the revival of Air Guinea. The Guinean Civil Aviation Authority (AGAC) and Gewan Africa have indeed signed...

Bangui, the capital of the Central African Republic, will host from July 30, 2025, until August 2, the African Caucus of the Bretton Woods institutions, namely the International Monetary Fund (IMF) and the World Bank. This is an annual meeting during which central bank governors and ministers from around twenty African countries, as well as...

The Ethiopia Agricultural Insurance Consortium (AICE) was officially launched by the Swiss company Pula Advisors. This ambitious initiative aims to extend index-based insurance to 3 million small-scale farmers by 2026. The consortium brings together five Ethiopian insurers, Nyala Insurance, Oromia Insurance, Abay Insurance, Ethiopian Insurance Corporation (EIC), and Africa Insurance Company. This initiative also benefits...

Crédit Agricole Egypt Bank (CIEB) has released its financial results for the first half of 2025, reporting a decline in profits compared to the same period of the previous year. For the period from January 1st to June 30th, 2025, the bank recorded a consolidated net profit of 3.554 billion EGP (approximately 74.0 million USD)...

to the Chadian government, the ten-year national plan for the circular economy (2025-2035), adopted on July 29, 2025, aims to reduce unvalued waste by 40%. Supported by the African Development Bank (AfDB), this plan aims to create more than 25,000 green jobs to strengthen access to electricity through local solutions, such as energy from waste....

an agreement signed in September 2024 between the Indian group Arise Integrated Industrial Platforms (Arise IIP) and the Autonomous Port of Douala (PAD), Cameroonian Prime Minister Joseph Dion Ngute launched construction works on July 24, 2025, by Arise IIP of a 500-hectare industrial zone in Douala, the country’s economic capital. The cost of these works,...

The energy transition in the Sahel region takes a new step with the announcement by the African Development Bank (AfDB) of a $7 million financing to support the construction of an 18 MW solar power plant in Dédougou, western Burkina Faso. This project is part of the Desert-to-Power initiative, a flagship program of the AfDB...

The trade deficit of Morocco increased by 18.4% to reach 162 billion dirhams (around 15.4 billion euros) at the end of June 2025, compared to the same period of the previous year, according to data published on Tuesday, July 29 by the Office of Changes. Imports grew by 8.9% on an annual basis to around...

Canal+ SA, a major global player in media and entertainment, has finalized its first credit line by raising over 285 million euros through its first Schuldschein loan. Announced by the group in a press release published on Tuesday, July 29, this oversubscribed financial operation comes a few months after its listing on the London Stock...

Ariana Resources plc, based in London, announced in May that the latest explorations on its Dokwe gold project, located in the Tsholotsho district in Zimbabwe, reveal a potential of over one million ounces of gold. Based on current metal prices, this resource would represent approximately $3.29 billion. This project, located 110 kilometers from Bulawayo, has...

Endeavour Mining, listed on the London Stock Exchange, as well as the producers Faboula Gold and Bagama Mining, have signed a memorandum of understanding with the Malian government to adopt the provisions of the new mining code, enacted in August 2023. This decision marks a turning point in the relations between the State and gold...

AM Best has confirmed the financial strength rating (FSR) of B- (Fair), the long-term issuer credit rating (Long-Term ICR) of “bb-” (Fair), as well as the Egyptian national scale rating of aa+.EG (Superior) of Egyptian Takaful Property and Liability Insurance Company (EGTAK), a joint-stock company based in Egypt. The outlook associated with these ratings remains...

Orange SA has revised upwards its profit forecasts for the year, boosted by sustained growth in Africa and the Middle East. Despite a slight decrease in overall revenue, this region is more than ever the main driver of the group’s performance. The announcement made on Tuesday, July 29th by the telecom group reports a 12.8%...

At the end of the 2024 fiscal year, Bank Al-Maghrib (BAM), the Moroccan Central Bank, achieved a profit of 6.459 billion dirhams (710.598 million dollars), announced the leaders of this issuing institute based in Rabat. Compared to the 2023 fiscal year where it stood at 5.105 billion dirhams (561.624 million dollars), this profit saw an increase of 27%. “The increase of +1.354 billion dirhams in net income is mainly explained by the growth in results from the management of foreign exchange reserves (+1.264 billion dirhams), the conduct of monetary policy (+840.729 million dirhams) and non-recurring income (+549.853 million dirhams),” explain…

Attawfiq Microfinance, a subsidiary of the BCP Group, has obtained the AML 30001 certification (2025 version), an international reference in the fight against money laundering and the financing of terrorism (LAB/FT) issued by the independent body COFICERT. This certification attests to the robustness of the compliance, governance, and internal control system implemented by the institution in the fight against money laundering and terrorism financing (LAB/FT). It evaluates the mechanisms adopted by Attawfiq Microfinance related to risk management, in compliance with international standards. With this distinction, Attawfiq Microfinance becomes the first microfinance institution in Morocco to be certified AML 30001. This…

Conakry, July 30, 2025 – Thiam & Associates advised Hillside Triumph as the sole advisor in its majority acquisition of the capital of LafargeHolcim Guinea, a leading cement producer in the Republic of Guinea. Following this strategic transaction, the company changes its name to Ciments de Guinée S.A., a name that reaffirms its national roots and historical presence in the local economy. This operation concerns one of the most successful assets of the LafargeHolcim group in West Africa. In a context marked by the growth of the mining sector and infrastructure in Guinea, this takeover paves the way for the…

Nairobi, July 31, 2025 – Shelter Afrique Development Bank (ShafDB) has signed a strategic agreement with the Arab Bank for Economic Development in Africa (BADEA) for a concessional financing of $120 million to support its capital increase program. This financing aims to enable eligible member states to settle and increase their subscriptions to the capital of the pan-African institution specializing in affordable housing and urban development. This innovative mechanism, supported by BADEA, offers cascade loans on competitive terms, thus facilitating the involvement of member states in strengthening the bank’s capital. The agreement marks a crucial step in consolidating the financial…

Africa Global Logistics Congo was awarded the CSR 2025 prize during a QHSE seminar organized by the Group, bringing together all representatives of this department in the countries where it is present, totaling more than 60 French and English-speaking collaborators. This trophy is awarded annually to one of the entities of the AGL group to reward its outstanding performance in implementing the group’s CSR policy. This distinction rewards the strong commitment of the Congolese subsidiaries of Africa Global Logistics to stakeholders and the numerous impactful actions carried out by each entity: AGL Congo and Congo Terminal. The strengths of the…

At the end of the first half of 2025, the net banking income (NBI) of the African Automobile Credit Company (SAFCA), operating under the trade name Alios Finance Côte d’Ivoire and specializing in leasing, recorded a 20% increase compared to the same period in 2024, announced the leaders of this company based in Abidjan. This...

On July 31, 2025, we will celebrate a new edition of the International Day of African Women. This day, more than just a symbolic ritual, is an opportunity to remind that Africa will not develop without its women, who represent more than 50% of our populations – and especially that it will only develop sustainably with them in leadership roles, both in society and in business, technology, finance, or agriculture. But beyond speeches, an imperative emerges: to transform ambitions into strategies, and strategies into systems. For this, we must dare to combine three dimensions that are often compartmentalized: technical expertise,…

The new hub strengthens Yango Group’s long-term strategy on the continent by supporting local innovation, entrepreneurship, and digital infrastructure development. Abidjan, Ivory Coast, July 24, 2025 – Yango Group, a technology company based in Dubai and present in over 30 countries, announces the opening of its new African regional office in Abidjan. This hub will coordinate the group’s growing operations across the continent, marking a new chapter in Yango’s long-term commitment to Africa. With nearly 200 employees already on the ground, the company plans to strengthen its local capabilities over the next year. Launched for the first time in Ivory…

“In Ivory Coast, the battle for digital sovereignty is entering a new phase. ST Digital, a young company aiming to be a key player in the African cloud industry, will soon inaugurate its very first datacenter in Ivory Coast, located in the VITIB zone of Grand-Bassam. This Tier III strategic infrastructure is designed as the cornerstone of a sovereign cloud ecosystem in Francophone Africa. This opening will complement ST Digital’s DataCenter Infrastructure footprint in Africa, following Cameroon and preceding Gabon. As a reminder, ST Digital’s projected network is as follows: A flagship project for a growing market Announced for the…

On the occasion of the 26th anniversary of his accession to the throne, King Mohammed VI delivered a speech on July 29, 2025, focusing on the economic, social, and diplomatic progress of the Kingdom, while calling for a more balanced territorial development. The sovereign highlighted Morocco’s entry into the category of countries with “high human development”, citing the decrease in multidimensional poverty from 11.9% in 2014 to 6.8% in 2024, and the advancement of macroeconomic indicators despite a challenging global context. Morocco, he emphasized, maintains sustained growth, with an industrial revival marked by increased exports in the automotive, aerospace, and…

Burkina Faso takes a new step towards energy transition with the financing of the Dédougou photovoltaic solar power plant, amounting to 6 million euros or 3,935,742,000 FCFA. The operation combines a concessional loan of 2.5 million euros and a repayable grant of 3.5 million euros, supported by FMO, the Dutch entrepreneurial development company. The project is also supported by the Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB). The financing agreement was signed in Paris on July 18, in the presence of technical and financial partners, developer Qair, as well as legal representatives from A&O Shearman…

The total resources mobilized by the State of Senegal increased by 10.2% in the first quarter of 2025 compared to the same period in 2024, according to data from the Directorate of Forecasting and Economic Studies (DPEE) based in Dakar. These total resources are estimated at 1032.5 billion CFA francs (1.858 billion dollars) at the...

At the end of a simultaneous auction of Treasury Bills (BAT) of 351 days and Treasury Bonds (OAT) of 3 years organized on Monday, July 28, 2025 on the financial market of the West African Monetary Union (UEMOA), the Public Treasury of Guinea Bissau raised an amount of 13.750 billion XOF (24.750 million dollars). The...