Author: The Editorial Staff

Africa Specialty Risks (ASR), a pan-African provider of insurance and reinsurance solutions, has entered into a strategic partnership with the Nairobi International Financial Centre Authority (NIFCA) to support a $2 billion risk reduction initiative aimed at enhancing Kenya’s attractiveness to international investors. This partnership is part of a broader effort to position Nairobi as a...

The African Continental Free Trade Area (ZLECAf) is taking a decisive step towards operationalizing its ambitions. For the first time since its implementation, one of its key tools, the Adjustment Fund Credit Fund, has just granted a $10 million loan to Telecel Global Services Ltd, a subsidiary of the Telecel group based in Mauritius. This...

In a press release issued on July 7, 2025, the International Monetary Fund (IMF) announced that, with the Cameroonian authorities, it has reached an agreement at the staff level on the eighth reviews of the programs under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF), as well as on the third review...

Sabodala Gold Operations (SGO), the Senegalese subsidiary of Canadian group Endeavour Mining, invested 313 billion CFA francs ($521.7 million) in Senegal in 2024, representing 92% of its annual turnover, according to its general manager, Abdoul Aziz Sy. During the presentation of the group’s 2024 CSR report, Mr. Sy specified that local purchases (payments to national...

The Algerian insurance market generated a total volume of premiums of 56.9 billion Algerian dinars (approximately 439 million dollars) in the first quarter of 2025, marking an annual increase of 13.3%, according to data published by the National Insurance Council (CNA). This figure includes international acceptances as well as retakaful operations. The sector continues to...

Accra, Ghana – July 7, 2025 – The Board of Directors of the ECOWAS Investment and Development Bank (BIDC) has approved a $120 million financing facility for Engineers & Planners Limited (E&P), a leading local mining and construction company in Ghana, for the acquisition of the Black Volta gold mine. This transaction marks a significant step towards the creation of the first fully indigenous Ghanaian mining company, 100% locally owned, in line with global standards for local participation and sustainable resource development. This agreement, which began approximately 18 months ago, was formalized at a signing ceremony attended by senior government…

International oil companies BP and Shell have signed cooperation agreements with the National Oil Corporation (NOC) of Libya to conduct joint studies on the potential for oil and gas exploration and production in several oil fields, NOC announced in a statement on Monday, July 7th. The agreement with BP includes conducting technical studies to assess...

Deon Geyser, appointed CEO of Liquid Networks, a subsidiary of Cassava Technologies, last February, announced his resignation after 4 months of service. Causing a shockwave in the African telecommunications sector. This decision comes as the company faces major financial difficulties and increased pressure from its creditors. In this role, Deon Geyser, former CEO of Liquid...

According to data from the Central Bank of Nigeria (CBN), the naira, the national currency, recorded a slight appreciation of 0.23 this Monday on the main foreign exchange markets (the exchange rate on Friday, July 4 was at 1,528.56 NGN/USD and this Monday, July 7: 1,528.33 NGN/USD), following the gradual resumption of international use of...

to the Medium-Term Economic and Budgetary Programming Document 2026-2028 currently being examined by Parliament, in 2024, Cameroon’s wage bill reached 1,522.8 billion CFA francs (2.7 billion USD). This is 32.3 billion CFA francs (nearly 58 million USD) more than the 1,490.5 billion CFA francs (2.6 billion USD) initially planned for the period under review, and an increase of 12.2% compared to the 1,357 billion CFA francs (2.4 billion USD) in 2023. The salaries of public servants in 2024 accounted for 38.6% of annual tax revenues, a rate higher than the tolerance threshold (35%) in the Central African Economic and Monetary…

A new strategic turning point is looming for the African film industry with the alliance between the International Finance Corporation (IFC), the African Development Bank (AfDB) and EbonyLife Media. This collaboration aims to create a pan-African investment vehicle dedicated to the audiovisual sector, with the ambition of structuring financing and amplifying the production of African...

United Bank for Africa (UBA) has officially filed a lawsuit to challenge the controversial sale of 60% stake in the Ibadan Electricity Distribution Company (IBEDC) by the Asset Management Corporation of Nigeria (AMCON), a transaction worth 100 billion naira (67 million USD). The bank denounces an “illegal, opaque and detrimental transaction to its interests and...

At the end of the first quarter of 2025, the profit of Bernabé Côte d’Ivoire, specializing in the distribution of hardware products, recorded a 121% increase compared to the same period in the 2024 fiscal year, announced the leaders of this company based in Abidjan. This profit increased from -76,180 million CFA francs (-137,125 dollars)...

Guinea has reached a strategic milestone in the construction of its industrial future with the official inauguration of Preparatory Classes for Grandes Écoles (CPGE) in Sebhory, in the sub-prefecture of Mitty, prefecture of Dalaba, in the heart of Fouta Djallon. The ceremony was presided over by the Minister of Higher Education, Scientific Research and Innovation,...

In a record-breaking deal for the healthcare sector in Egypt, investment bank EFG Hermes led a $190 million investment in Alameda Healthcare, the country’s leading private healthcare group. This major transaction was carried out on behalf of pan-African fund Development Partners International (DPI) and a consortium of international investors. The operation, primarily structured as a...

On Monday, July 7, 2025, a new international training session organized by the Federation of African National Insurance Companies (FANAF) opened in Saly, Senegal. The meeting is themed: “Digitalization of insurance operations in the CIMA zone – understanding and mastering the new regulatory framework for successful implementation.” Chaired by Évelyne Fassinou, President of the Training...

Out of the 282.2 billion XAF (around 505 million USD) raised on the public securities market of the Bank of Central African States (BEAC) from January to March 2025, the Cameroonian public treasury used 169.5 billion XAF (303 million USD) to repay old loans that had come due. This represents 60% of the funds mobilized....

After three years of suspension, Nigerian banks are gradually resuming international transactions on debit cards denominated in Naira. United Bank for Africa (UBA) and Wema Bank have recently announced the reactivation of this service, marking a significant step in the liberalization of foreign exchange operations in Nigeria. In separate statements, the two institutions confirmed that...

Old Mutual Ltd has promoted Prabashini Moodley to the position of CEO of its new Life & Savings division, effective August 1, 2025. She reports directly to the group’s CEO, Jurie Strydom. The division comprises four units, namely Personal Finance, Wealth Management, Corporate, and Mass & Foundation Cluster, excluding banking activities, which will be directly...

Stanbic IBTC Holdings Plc has successfully raised 148 billion naira ($99 million) in a rights issue, achieving a subscription rate of 122%. This operation is in line with the new recapitalization requirements imposed by the Central Bank of Nigeria (CBN) to strengthen the country’s banking sector. Launched to comply with the new regulatory directive from...

M2T, a payment institution of the BCP Group, is launching its “CHAABI PAYMENT” offer dedicated to the acceptance and acquisition of multichannel payments, as part of its new status as a merchant acquirer. With nearly 25 years of experience in payment services and relying on a vast network of proximity through the Tasshilat and Chaabi Cash brands, M2T is taking a new step with the launch of “CHAABI PAYMENT”, a simple, accessible, and secure payment solution. Designed for professionals (local merchants, craftsmen, liberal professions, small and medium-sized enterprises, and large companies), the offer allows for the acceptance of payments by…

With the launch of the NSIA Benin compartment as part of the Keur Samba program, the BOAD Securitization management company signs a historic first on the Beninese market – and confirms its leading role in transforming financing models within the UEMOA. BOAD Securitization has just structured the very first securitization operation ever carried out on...

The issue is causing a stir in African diplomatic and sports circles and beyond. In a commercial transmitted to the official broadcasters of the 2024 Africa Women’s Cup of Nations, taking place in Morocco from July 5 to 26, 2025, the Confederation of African Football (CAF) shows a map of the Kingdom without Western Sahara,...

The PMI index for Egypt’s non-oil private sector fell in June 2025, dropping to 48.8 from 49.5 in May, according to data released on Sunday, July 6 by S&P Global. It remains below the 50.0 threshold, which separates expansion from contraction, for the fourth consecutive month, signaling a further deterioration in activity. This decline notably...

Bank Al-Maghrib has officially joined the Pan-African Payment and Settlement System (PAPSS), making Morocco the 17th country to join this regional infrastructure aimed at facilitating cross-border payments in Africa. Launched in January 2022 in Accra and developed by the African Export-Import Bank (Afreximbank), in partnership with the African Union and the AfCFTA Secretariat, PAPSS is...

In an Africa where economic stakes have become grounds for subtle but formidable confrontations, Cameroon is evolving its strategic priorities. From June 30 to July 6, 2025, the General Directorate of External Research (DGRE) organized a high-level training dedicated to augmented economic intelligence. For this session deemed “strategic,” it called upon Dr. Guy Gweth, one of the most renowned experts on the continent in intelligence and economic warfare, to train 50 Intelligence professionals. A discreet but assertive rise in power In influential circles, few doubt today that economic warfare is the most pernicious form of modern conflict: informational influence, asset…

Launched in 2011 at an estimated cost of $4 billion, the Grand Renaissance Dam (GERD), located on the Blue Nile, is now completed. Ethiopian Prime Minister Abiy Ahmed announced on Thursday, July 3, 2025, in front of Parliament, that the official inauguration of this massive hydroelectric project will take place next September. A true engineering feat, the dam stands as the largest energy project ever undertaken on the African continent. With an electricity production capacity of 5,000 megawatts, double the current capacity of Ethiopia, the GERD represents a strategic investment for energy self-sufficiency, industrialization, and regional integration. The structure, 1.8…

Guaranty Trust Holding Company Plc (NGSE:GTCO), better known as GTBank, is taking a new strategic step by announcing its intention to raise nearly $100 million through a listing on the main market of the London Stock Exchange (LSE). This move is part of a dynamic to strengthen its international visibility and adjust to the new recapitalization regulation imposed by the Central Bank of Nigeria (CBN). Based in Lagos, GTCO is one of the leading banking groups in West Africa, with subsidiaries in banking, insurance, asset management, and fintech. Formerly known only for its banking subsidiary GTBank Nigeria, the institution has…

Beyond the tactical lessons that the war schools from Saint-Cyr to West Point may draw, the lightning conflict of June 2025 between Israel and Iran reveals a strategic reality of a different kind: modern warfare is won – or lost – on the financial front as well. For twelve days, two powers with weakened economies clashed in a logic of costly, if not absurd, mutual destruction. And while Israeli air superiority was never in question, Iran’s ability to strike at the heart of the enemy’s territory shifted the focus of this war towards a new reality: that of a budgetary…

By Mame Diarra Ndiaye Sobel, Executive Director, Agenda Africa The 4th International Conference on Financing for Development (FfD4), opened in Seville on June 30, 2025, was supposed to be a decisive moment: a platform aimed at revitalizing the Sustainable Development Goals (SDGs) and correcting the asymmetries of a global financial order on its last legs. However, as official interventions and high-level panels unfolded, a sense of unreality settled in: that of a global theater where words are strong, diagnoses repeated… but actions continuously postponed. And this sounds like admissions of incapacity that are part of a cycle of predictable failures.…