Author: The Editorial Staff

Russian President Vladimir Putin gave his approval on Tuesday, June 24, to the agreement allowing Egypt to repay in rubles the $25 billion loan it obtained from Russia for the construction of the Dabaa nuclear power plant. This strategic project is being carried out by the Russian state-owned company Rosatom on the Egyptian Mediterranean coast....

The Central Depository/Clearing Bank (DC/BR) of the West African Monetary Union (UMOA) gathered economic press actors in Abidjan on Wednesday, June 25 for an exchange session. This meeting is part of an educational approach aimed at popularizing ongoing structural projects in the regional financial market. At the heart of the discussions: speeding up the settlement-delivery cycle, a strategic issue for the modernization of the regional financial market.

The government of the Democratic Republic of Congo (DRC) raised $55.107 million, according to the results of an auction held on June 24, 2025. This operation, organized by the Ministry of Finance, was based on the issuance of three-month Treasury bills, exceeding the initial target of $40 million with a coverage rate of 140.32%. This...

In its Economic Outlook Note 2025 published this Thursday, June 26, the World Bank paints a contrasting picture of the Gabonese economy. While GDP growth reached 2.9% in 2024, mainly supported by the oil sector and the resumption of public works, this progress remains insufficient to stop the worsening of poverty, which now affects more than a third of the population (34.6%). According to this report, the economic rebound recorded last year is mainly based on traditional drivers: hydrocarbons and public investments. Inflation has indeed decreased, but the deterioration of public accounts, linked to the drop in oil revenues and…

Throughout the 32nd General Assemblies of the African Export-Import Bank (Afreximbank) in Abuja, the Gabonese Minister of Economy, Finance, Debt and Public Investments, Henri-Claude Oyima, was highly sought after and engaged in strategic commitments. The highlight of his participation was the securing of a concessional loan of $200 million, aimed at supporting ongoing economic reforms in Gabon. This long-term financial support contributes to strengthening the government’s capacity to stabilize its budgetary balances while boosting productive investment. Following this, Minister Oyima signed a Memorandum of Understanding (MoU) worth $3 billion with Afreximbank. This ambitious partnership aims to support the development of…

Special envoy to AAM2025 – Abuja In a packed room at the Transcorp Hilton in Abuja, at the heart of the 32nd Annual Meetings of Afreximbank, Jason Miller, former communication strategist for Donald Trump, delivered a sharp – sometimes unsettling, often impactful – vision of the future relations between Africa and the United States. It was neither a diplomatic speech nor a conventional address, but a political statement tinged with an assumed commercial strategy: for Miller, it is no longer the time for promises, but for partnerships. Trump’s former advisor begins by outlining a continent on the verge of takeoff.…

The economic capital of Ivory Coast is hosting, since this Wednesday, June 25, the sub-regional symposium of media from the West African Economic and Monetary Union (UEMOA), bringing together economic journalists from the eight member states of the organization. The event, organized by the UEMOA Media Platform, is taking place on June 25 and 26,...

The Libyan National Oil Company (NOC) has signed a memorandum of understanding with the Turkish Petroleum Corporation (TPAO) for the realization of geological and geophysical studies in four offshore areas. The agreement was concluded in Istanbul and announced this Wednesday, June 25 by the NOC. The document was signed by the chairman of the NOC...

Egypt is preparing to triple its liquefied natural gas (LNG) import capacity, reaching 2,250 million cubic feet per day as of early July 2025, compared to only 1,000 million the previous year. The announcement was made by the Egyptian government. On site, Prime Minister Mostafa Madbouly inspected the port infrastructure and the new regasification ship...

The Ghanaian Parliament approved on Tuesday, June 24, 2025, a $2.8 billion debt restructuring agreement with a group of 25 creditor countries, including China, France, the United States, Germany, and the United Kingdom. This agreement marks a key milestone in the IMF-supported recovery program aimed at helping the country overcome its most serious economic crisis...

South Africa attracted 11.7 billion rand (approximately $661.5 million) in foreign direct investments (FDI) in the first quarter of 2025, according to data released on Thursday, June 26 by the South African Reserve Bank (SARB). This is the highest level recorded since the second quarter of 2024, compared to 7.5 billion rand in the last...

Equity Group Holdings shareholders have given their approval for the opening of a representative office in the United Arab Emirates (UAE), marking the Kenyan financial group’s first international foray outside of the African continent. This development also makes Equity the first Kenyan bank to establish a presence in the Middle East, in a context of...

The National Telecommunications Regulatory Agency (ANRT) officially authorized, on June 23, 2025, the creation of two joint ventures between Maroc Telecom (Itissalat Al-Maghrib) and Inwi (Wana Corporate), marking a major milestone in the evolution of the Moroccan digital landscape. Named FiberCo and TowerCo, these entities, dedicated to the deployment of optical fiber and the sharing...

Wale Odutola has been appointed as the Managing Director of Nigerian group ARM, effective July 2025. He succeeds Jumoke Ogundare, who is stepping down after a decade at the helm of the company. The group has also announced the appointment of Osahon Ogiemudia as Executive Director. This major leadership transition within the group comes following...

The French construction group NGE has signed a new major contract in Senegal for the restoration of three major sites on Saint-Louis Island, classified as a UNESCO World Heritage Site. The contract, entrusted by the National Agency for the Promotion of Investments and Major Works (APIX), is part of a vast program of urban requalification...

The National Telecommunications Office of Burkina Faso (ONATEL) S.A will pay its shareholders on July 21, 2025, for the year 2024, a net total dividend of 12.887 billion CFA francs (23.198 million dollars), announced the leaders of this company based in Ouagadougou. Compared to the 68 million shares that make up the company’s share capital,...

The Central Depository/Clearing Bank (DC/BR) of the West African Economic and Monetary Union (WAEMU) gathered economic press actors in Abidjan on Wednesday, June 25 for an exchange session. This meeting is part of an educational approach aimed at popularizing ongoing structural projects in the regional financial market. At the heart of the discussions: accelerating the...

A new lithium-ion battery materials production plant was inaugurated on Wednesday, June 25, 2025 in Jorf Lasfar, Morocco. This project, led by the joint venture COBCO, a partnership between the Moroccan pan-African fund Al Mada and the Chinese group CNGR Advanced Materials, represents an investment of around $1.8 billion. Covering an area of over 200...

Lomé, June 25, 2025 – The West African Development Bank (BOAD) continues its commitment to financing development in the UEMOA. Meeting via videoconference for its 146th ordinary session, the institution’s Board of Directors, chaired by Serge Ekue, approved 13 new operations for a total amount of 273.3 billion FCFA, bringing BOAD’s cumulative financing since 1976 to 9,774.5 billion FCFA. In addition to approving the minutes of the previous session held in Dakar, the directors praised the mid-term performance of the 2025 exercise and gave a favorable opinion on the status of debt recovery as of May 31. Diversified financing in…

Abuja, June 25, 2025 – One of the highlights of the first day of the Afreximbank Annual Meetings was the presentation of the joint economic report African Trade and Economic Outlook (ATEO) and African Trade Report (ATR) 2025, unveiled by Dr. Yemi Kale, Chief Economist and Managing Director in charge of research and international cooperation. This report provides a candid assessment, yet full of opportunities, of the African economy in an increasingly fragmented international context. According to economists at the African Export-Import Bank, the continent recorded a growth of 3.3% in 2024, below pre-COVID levels but higher than forecasts. For…

Abuja, June 25, 2025 – The Pan-African Payment and Settlement System (PAPSS), a flagship initiative of Afreximbank in partnership with the African Union Commission and the AfCFTA Secretariat, has reached a major milestone with the official launch of the African Currency Marketplace, a unique platform designed to streamline cross-border payments in local currencies across Africa. Named African Currency Marketplace, this new feature aims to eliminate reliance on strong currencies (such as the dollar or euro) in trade between African countries. The principle: allow a transaction to initiate in a local currency and end in another, without intermediate conversion into a…

Abuja, June 25, 2025 – The Pan-African Payment and Settlement System (PAPSS), a flagship initiative of Afreximbank in partnership with the African Union Commission and the AfCFTA Secretariat, has reached a major milestone with the official launch of the African Currency Marketplace, a groundbreaking platform designed to streamline cross-border payments in local currencies across Africa. Named the African Currency Marketplace, this new feature aims to eliminate dependence on strong currencies (such as the dollar or euro) in commercial exchanges between African countries. The principle: allow a transaction to initiate in a local currency and conclude in another, without intermediate conversion…

The World Bank has approved a concessional financing of $115 million for Senegal, aimed at supporting its budget reform efforts, improving public financial management, and strengthening domestic resource mobilization. The announcement was made in a statement released on Tuesday, June 24. This financing, provided by the International Development Association (IDA), consists of two components, including...

Egypt has relaunched its sovereign sukuk issuance program on international markets with a new $1 billion operation, the Ministry of Finance announced in a statement released on Wednesday, June 25. This second issuance, compliant with sharia law, offers an annual yield of 7.875% and matures in three years. It was carried out as a private...

The Africa Finance Corporation (AFC) announced on Tuesday, June 24, the official entry of the Republic of Angola into its capital as a sovereign shareholder, through a strategic investment of $184.8 million. This operation will strengthen the partnership between Angola and the pan-African institution specializing in infrastructure financing and demonstrates the country’s confidence in the AFC’s mission: to catalyze sustainable development and regional integration through structuring projects. Already a member of the AFC since 2022, Angola is thus taking a new step in its collaboration with the Company. This new capital contribution is part of a continental dynamic aimed at…

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new natural gas exploration blocks to several international companies, with a total estimated investment of $245 million. The announcement was made on Wednesday, June 25 by the Ministry of Petroleum and Mineral Resources, following the international bidding campaign launched through the Egypt Upstream Gateway (EUG)...

Burundi has officially commissioned the Jiji hydroelectric power plant, located in the province of Bururi. With a capacity of 49.5 megawatts once fully completed with the twin Mulembwe plant, this strategic project marks a major step towards the country’s energy self-sufficiency. The project is co-financed to the tune of $320 million by the African Development...

During its second quarterly meeting of the year 2025, held on Tuesday, June 24, the Council of Bank Al-Maghrib (BAM) decided to keep its key rate unchanged at 2.25%. This decision comes in an international context marked by high uncertainty related to geopolitical tensions and the new trade policies of the United States, which continue...

The Shelter Afrique Development Bank (ShafDB) has signed a $15 million loan agreement with the Mauritanian Investment Bank (BMI) to support the construction of affordable housing in Mauritania. This agreement, signed in Nouakchott, is intended to co-finance the construction of 1,000 housing units in the mining town of Zouératt in northern Mauritania, as well as...

Nigeria and Brazil signed a one billion dollar agreement on Tuesday, June 24, aimed at strengthening their cooperation in several strategic sectors, including agriculture, food security, energy, and defense. The announcement was made at the opening of the second Nigeria-Brazil Strategic Dialogue Mechanism in Abuja by Nigerian Vice President Kashim Shettima. At the heart of...