Author: The Editorial Staff

The Democratic Republic of Congo and Rwanda officially signed a peace agreement on June 27, 2025 in Washington, United States, marking a major step in efforts to de-escalate tensions between the two neighboring countries. The ceremony was held under the presidency of US Secretary of State Marco Rubio, in the presence of US President Donald...

From June 26 to 28, 2025, during the International African Creation Fair (SICA) in Abidjan, ORUN Studios officially launched its activities. Presented as the creative showcase of the Africa Currency Network (ACN), a member of the Kigali International Financial Centre (KIFC), the studio revealed a unique immersive installation, showcasing African stories through cutting-edge visual technologies....

Three years after entering the capital of AFG Holding, AfricInvest signs an exemplary exit, realizing a targeted support strategy in the transformation of a regional banking player into an integrated financial powerhouse. Between 2022 and 2025, the partnership between AfricInvest and the Ivorian banking group enabled a doubling of the balance sheet total, from 3 to nearly 6 billion dollars. The growth of the loan portfolio is equally significant: +79%, reaching 2.5 billion dollars. Net banking income more than doubled, and return on equity (ROE) now exceeds 28%. This performance is the result of a strategic capital contribution, combined with…

In Cameroon, the pre-campaign for the October 2025 presidential election has taken an unexpected turn with the entry into the race of two historical figures from Paul Biya’s regime. Issa Tchiroma Bakary and Bello Bouba Maïgari, both loyal ministers for decades, have just declared their candidacies for the highest office, shaking the traditional power base in place. On June 26, 2025, just one day after leaving the government, Issa Tchiroma announced that he was running for the presidency. He, who was successively Minister of Communication and then Employment, known for his unwavering loyalty to Paul Biya, made a critical turn…

The National Assembly of Senegal adopted, on Saturday, June 28, the Supplementary Budget Law (LFR) 2025, a crucial budget text that revises the country’s financial balances. Out of the 139 voting deputies, 126 voted in favor, 11 against, and 2 abstained, confirming broad parliamentary support despite an economic context marked by uncertainties and the recent publication of the audit report by the Court of Auditors. Presented as the financial translation of the National Transformation Agenda “SENEGAL 2050”, this LFR 2025 revises downwards several macroeconomic indicators that were included in the initial budget law adopted at the end of last year.…

Libreville, June 28, 2025 – The PORTEO BTP Gabon group, the Gabonese state, and BGFI Bank have formalized a strategic partnership for the financing and construction of the Alembé – Lopé – Carrefour Leroy – Mykouyi road, during a ceremony presided over by the Head of State, Brice Clotaire Oligui, at the presidential palace. This project aims to transform a difficult road into a modern and accessible corridor, thus stimulating regional integration and economic growth. The road, which will connect several key provinces (Moyen-Ogooué, Ogooué-Ivindo, Ogooué-Lolo, and Haut-Ogooué), is considered a vital infrastructure for opening up many localities. Its development…

Abuja, Nigeria, June 28, 2025 – Following its 32nd Annual General Meetings held from June 25 to 28, 2025 in Abuja, the shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the new President and Chairman of the Board. He becomes the fourth leader to head the pan-African bank since its establishment in 1993. His term is set to begin in September 2025, succeeding Professor Benedict Oramah, who has been in office since 2015. A Cameroonian national, Dr. Elombi has been with Afreximbank since 1996. Initially recruited as a lawyer, he has steadily climbed the ranks…

The Federation of African National Insurance Companies (FANAF) is preparing for a major deadline. In February 2026, at its 50th General Assembly scheduled in Abidjan, the pan-African organization will have to appoint its new president to replace Gabonese Cesar Ekomie Afene, who has been in office since 2020. Two figures in the sector are already emerging: Ivorian Mamadou G.K. Koné and Senegalese Mamadou Faye. Currently the president of the Association of Insurance Companies of Côte d’Ivoire (ASACI), Mamadou G.K. Koné heads Sanlam Allianz CI, an entity resulting from the merger of two insurance heavyweights. Re-elected as the head of ASACI…

London, June 27, 2025 – The international group Gerald, specialized in metal trading, has issued a warning against two tender offers issued by the Congolese company Soremi SA for the sale of 10,000 tons of copper cathodes and 40,000 tons of zinc ingots. According to Gerald Group, these tender offers are deemed illegal, issued without valid authorization, and in violation of several court decisions made in the jurisdictions of Hong Kong and the British Virgin Islands (BVI). Soremi SA, operating in the Boko Yanga mining corridor in the Republic of Congo, is a subsidiary of Soremi Investments Ltd (SIL), a…

Abidjan, June 27, 2025 – The Board of Directors of the pan-African industrial group Eranove has endorsed the appointment of Ahmadou Bakayoko as Chief Executive Officer, replacing Marc Albérola, who held the position since 2009. This relay, presented as a strategic transition, marks a new milestone in the group’s trajectory, active in the management of public electricity and water services in Africa. “After 16 years at the helm of Eranove, I proposed a governance transition to allow the Group to continue its development, in a logic of continuity and operational excellence,” said Marc Albérola. He said he was “happy to…

The Congolese Senate approved, on Wednesday, June 25, 2025, during a plenary session in Brazzaville, the ratification of a new financing from the World Bank (WB) aimed at strengthening budget management and inclusive growth in the Republic of Congo. With an amount of 46.3 billion CFA francs (equivalent to 70.6 million euros), this third support...

Ethiopia will start exporting crude oil to the international market for the first time in its history starting from September, according to Prime Minister Abiy Ahmed speaking in a discussion with industry stakeholders and journalists. This East African country began its oil extraction and exploitation activities six years ago. After a long period of preparation,...

By enacting four major tax laws on June 25, 2025, Nigerian President Bola Tinubu is leading the country in a structural overhaul of its public revenue mobilization policy. These texts, praised by business circles and economists, aim to improve tax collection, reduce regulatory distortions, and boost the economic competitiveness of a country grappling with a...

Algeria aims to export one million tons of green hydrogen per year by 2040. The announcement was made by the Director of Exploration at the Ministry of Energy, Sofiane Dekkiche, on Thursday, June 26, 2025, on the sidelines of the 12th edition of the scientific and technical days (JST) of Sonatrach, the state-owned company responsible...

The State of Senegal, through its Public Treasury, raised an amount of 225.5 billion CFA francs (406 million dollars) on the West African Monetary Union (UMOA) financial market on Friday, June 27, 2025, following a targeted auction of Treasury assimilable bonds (BAT) with a maturity of 364 days and assimilable Treasury bonds (OAT) of 3 and 5 years. The Senegalese Public Treasury had put up for auction an amount of 205 billion CFA francs and received total bids of 264.302 billion CFA francs, representing a coverage rate of 128.93%. Out of the total bids, the issuer retained 225.5 billion CFA…

On June 21, 2025, in Parakou, Paulin Akponna, then Minister of Energy, Water, and Mines, caused a stir by publicly denouncing a massive embezzlement of public funds within his ministry. Referring to “tens of billions” of CFA francs that had disappeared, he blamed his predecessor, Samou Seïdou Adambi, without naming him. Since no evidence was provided, his statements were deemed untimely at the highest level of the state. Five days later, on June 26, his dismissal was officially announced by decree, in the absence of President Patrice Talon, who was currently on a trip to Brazil. José Tonato was appointed…

Libreville, June 27, 2025 – BGFI Holding Corporation, the parent company of the pan-African banking group BGFIBank, is preparing to take a major strategic step with its listing on the Central African Securities Exchange (BVMAC) scheduled for July 15, 2025. The operation, which could raise between 80 and 100 billion CFA francs, marks a turning point in the trajectory of this financial institution present in more than ten African countries and in Europe. Held in Libreville on June 25, the Extraordinary General Meeting of shareholders endorsed three key decisions: the IPO, a capital increase of 15.7 billion CFA francs, and…

Al Ahly Pharos, the investment banking arm of the National Bank of Egypt (NBE), announced its collaboration with Arab African International Bank to lead the second securitization bond issuance under the twelfth Capital Securitization program, worth 4.7 billion Egyptian pounds (approximately $100 million). In this operation, Al Ahly Pharos and Arab African International Bank act...

Burkinabe state-owned enterprises achieved remarkable performances in 2024, with a total revenue of 3,090 billion CFA francs (approximately $5.51 billion), compared to 1,910 billion in 2023, representing a 61.7% increase. This growth is attributed to the integration of new state-owned companies and the improvement in the performance of existing enterprises, according to an official report...

The World Bank has approved additional financing of $41.3 million, through the International Development Association (IDA), to strengthen the economic inclusion of undereducated or uneducated Beninese youth. The announcement was made in a statement released on Wednesday, June 25. This additional funding will support the implementation of the Youth Inclusion Project (PRODIJ), with the aim...

AXIAN Telecom, the pan-African telecommunications giant, has reached a new strategic milestone with the successful issuance of a $600 million bond, with the price set on June 25, 2025. The oversubscribed operation resulted in the issuance of senior notes due in 2030 with a coupon of 7.250% and a yield of 7.375%, below the initial forecast of 7.875%. This tightening of conditions reflects the sustained interest of investors, with the order book reaching nearly three times the proposed amount. The operation allows AXIAN Telecom, present in nine African markets including Tanzania, Madagascar, Uganda, and the DRC, to refinance its existing…

Ivory Coast has reached a new milestone in its strategy to add value locally to cocoa with the inauguration, on Thursday, June 26, of the industrial complex TRANSCAO PK 24, located in the commune of Anyama, north of Abidjan. The inaugural ceremony was presided over by the Vice President of the Republic of Ivory Coast,...

Kenyan start-up Peach Cars has raised $11 million in a Series A funding round led by Suzuki Global Ventures (SGV), aimed at transforming the African used car market through a digital platform focused on trust, transparency, and accessibility. The round brought together several Japanese institutional investors. Suzuki Global Ventures, the venture capital arm of Suzuki...

As the curtain falls on Professor Benedict Oramah’s presidency, the numbers and achievements attest to a profound transformation of Afreximbank, both financially and strategically. At the helm of the institution since June 2015, the Nigerian economist leaves behind a solidly capitalized bank, expanded in its missions, and has become essential in the African financial landscape. Unprecedented financial results Between September 2015 and April 2025, Afreximbank’s assets and guarantees multiplied by eight, reaching $43.5 billion. Annual revenue increased from $408 million to $3.24 billion, while net profit reached $1 billion in 2024, compared to $125 million a decade earlier. Equity jumped…

On the eve of the formal General Meetings of the African Export-Import Bank (Afreximbank), scheduled for June 28 in Abuja, Nigeria, all eyes are turning towards the succession of the outgoing president, Professor Benedict Oramah. While the process remains shrouded in strict secrecy, several reliable sources mention Cameroonian Dr George Elombi as the favorite to lead the institution. Quiet but influential, Dr Elombi has been serving as Executive Vice President in charge of corporate governance and legal services since 2015. Recruited in 1996, he is considered an institutional memory of the bank, having accompanied its gradual expansion for nearly three…

The International Monetary Fund (IMF) has approved an immediate disbursement of approximately $758 million to Ivory Coast, under the programs supported by the Extended Credit Facility (ECF), the Extended Fund Facility (EFF), and the Resilience and Sustainability Facility (RSF). The announcement was made in a statement released on Wednesday, June 25. According to the IMF,...

The Zambian economy grew by 4.5% in the first quarter of 2025, up 2.3 points from the same period last year, the Zambian Statistics Agency announced on Thursday, June 26. This performance is mainly attributable to the strong momentum in several key sectors, including agriculture, forestry and fishing, as well as mining and quarrying, information...

The British government has ended its support for the Xlinks project, which was supposed to transport solar and wind energy from Morocco to the UK via a nearly 4,000 km long underwater cable, the longest in the world. Estimated at 25 billion pounds (33 billion USD), this mega project was supposed to cover up to...

AXIAN Telecom, the pan-African telecommunications giant, has reached a new strategic milestone with the successful issuance of a $600 million bond, priced on June 25, 2025. The oversubscribed operation resulted in the issuance of senior notes due in 2030 with a coupon of 7.250% and a yield of 7.375%, below the initial forecast of 7.875%....

The pan-African banking group Ecobank Transnational Incorporated (ETI) has launched a $250 million fundraising through the issuance of additional Tier 1 (AT1) equity instruments, aimed at strengthening its capital base and supporting its strategic growth. This decision follows an extraordinary general meeting (EGM) held in late May in Lomé, Togo, during which shareholders approved the...