Author: The Editorial Staff

Uganda has dethroned Ethiopia to become the top coffee exporter in Africa, according to an announcement from the Ugandan Ministry of Agriculture, Animal Industry and Fisheries published on Tuesday, June 24. In May 2025, the country shipped 793,445 bags of 60 kg coffee, totaling 47,606.7 tons, generating record revenues of $243 million. This performance marks...

TIB Development Bank, a government-owned development bank in Tanzania, has secured a concessional loan of 30 billion Tanzanian shillings (11 million USD) from the East African Development Bank (EADB) to support small and medium-sized enterprises (SMEs). This financing is intended to provide preferential loans, with repayment periods of up to 15 years. This loan is...

Abuja, June 25, 2025 – The African Export-Import Bank (Afreximbank) opened its 32nd Annual Meetings (AAM2025) in the Nigerian capital Abuja on Wednesday, June 25. A major event, focused on African trade integration, bringing together over 6,000 participants, including heads of state, ministers, leaders of financial institutions, businessmen, billionaires, and hundreds of journalists from across the continent. The historical role of the institution in developing the continent’s financial infrastructure and promoting intra-African trade was highlighted by various speakers. Speaking, Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), recalled Afreximbank’s spectacular rise: “Established in 1993 with an initial capital…

The revenue and donations of the general budget mobilized by the State of Senegal as of March 31, 2025 amounted to 1,027.82 billion CFA francs (1.85 billion dollars), representing an execution rate of 21.44% of the initial Budget Law (LFI) forecasts, according to the budget execution report for the first quarter of 2025 released by...

The State of Ivory Coast, through its Public Treasury, raised on June 24, 2025 on the financial market of the West African Monetary Union (UMOA) an amount of 71.499 billion CFA francs (128.698 million dollars) through a simultaneous auction of Treasury assimilable bonds (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT)...

During the third edition of the Finance Week organized in Douala by EcoMatin, the Cameroonian group Prometal was praised for its exceptional trajectory in the industrial landscape of Central Africa. Two awards were presented to them: the Industrial Investment Leadership Award in the CEMAC zone for the year 2024, and the Industrial Leadership Award in Cameroon, given to its CEO, Hayssam El Jammal. A double recognition for a group that has made Cameroon a regional pillar in the steel transformation. An industrial strategy on a regional scale The first award crowns an ambitious industrial expansion strategy. In 2024, Prometal strengthened…

Coris Bank International (CBI) shareholders will receive a net global dividend of 17.76 billion FCFA (32 million dollars) on July 7, 2025, for the 2024 financial year, announced the leaders of this bank based in Ouagadougou. With 32 million shares making up the Bank’s share capital, the net dividend per share amounts to 555 FCFA compared to 790 FCFA in 2023, representing a decrease of 235 FCFA. Compared to its price of 10,290 FCFA on Tuesday, June 24, 2025, on the Regional Stock Exchange (BRVM) where CBI is listed, CBI’s stock has a yield of 5.39%. At the end of…

In a context where more than 400 million Africans remain outside formal financial services, despite the rise of fintechs and mobile phone usage, the AfricaNenda Foundation and the Nigeria Inter-Bank Settlement System (NIBSS, the technical arm of the payment infrastructure in Nigeria jointly owned by commercial banks and the Central Bank) have made a strong...

In a joint statement released on June 24, 2025, the BRICS countries (Brazil, Russia, India, China, South Africa, as well as the new expanded members) strongly condemned the recent military attacks against the Islamic Republic of Iran. The statement, issued by the Brazilian Ministry of Foreign Affairs, considers these strikes a violation of international law...

The International Finance Corporation (IFC), a branch of the World Bank Group dedicated to the private sector, has granted a loan of 3.7 billion dirhams (approximately 370 million euros) to the Maroc Telecom group. This long-term financing aims to improve mobile connectivity and internet quality in the operator’s subsidiaries in Chad and Mali, according to...

Cotonou, June 24, 2025 – The Institute for Inclusive Digital Africa (IIDIA) and the Agency for Information Systems and Digital (ASIN) today launched the Regional Laboratory of Innovation and Digital Technologies in Cotonou, with a groundbreaking inaugural project: the development of the first voice-to-voice artificial intelligence model in the Fon language. Conceived as a true turning point in terms of digital sovereignty, this innovation aims to remove a massive barrier to digital inclusion: the language barrier. In West Africa, where more than 1,000 languages coexist, digital services are mainly aimed at French or English speakers. The Fon language, spoken by…

Nigerian group Access Bank PLC has completed the acquisition of Standard Chartered Bank’s retail banking and wealth management operations in Tanzania. This transaction, formalized on June 20, 2025, is part of a broader strategic repositioning of the British bank, initiated in 2022, aimed at exiting certain non-priority markets. The divestiture is part of the disinvestment...

Mali and Russia have taken a new step in strengthening their bilateral relations by signing several economic and commercial cooperation agreements in Moscow on Monday, June 23, during a meeting between Russian President Vladimir Putin and the Malian transitional president, Colonel Assimi Goïta. According to a statement from the Kremlin, the two heads of state had in-depth discussions that led to the conclusion of several strategic partnerships, including a cooperation agreement in the field of nuclear energy. This initiative demonstrates a common desire to expand cooperation in key and sensitive sectors. Among other commitments is the creation of an intergovernmental…

Djiboutian President Ismaïl Omar Guelleh officially inaugurated, on Monday, June 23, the new headquarters of the Ministry of Energy, responsible for Natural Resources. Erected in the heart of the Serpent Plateau, on the site of the old Djibouti train station, this brand new complex marks a major turning point in the modernization of the country’s administrative infrastructure. Funded entirely by the Republic of Djibouti, the project mobilized an estimated budget of 4.8 billion Djiboutian francs (approximately 27 million US dollars) and required two years of work. Designed with the technical expertise of the China Communication Construction Company (CCCC), this construction…

Senegal is facing a sharp increase in its public debt, exacerbated by a decrease in external financing, a significant rise in debt service, and increased pressure on public finances. The situation is causing serious concerns both nationally and internationally, especially with the International Monetary Fund (IMF). According to official figures, by the end of the...

Fitch Solutions warns of the vulnerability of the Ghanaian economy to a possible decrease in global gold prices. This situation would significantly weaken the country’s international reserves and destabilize the cedi, reinforcing the risks of inflation and economic slowdown in this West African country. As the leading African producer and one of the main producers...

The net banking income (NBI) of Bank Of Africa (BOA) Senegal, a subsidiary of the Moroccan banking group BMCE Bank, recorded a 2.36% increase at the end of the first quarter of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Dakar. According to the bank’s activity...

In Mali, Barrick Mining’s office in Bamako reopened on Monday, June 23, after several months of closure due to a tax dispute. The site’s administration is now being handled by a judicial administrator appointed by the court, as part of a procedure triggered by accusations of non-payment of taxes. This resumption follows a judicial decision...

The Morocco Telecom group has announced the successful completion of its first private bond issue, raising an amount of 3 billion dirhams (approximately 272.7 million euros) on the Moroccan market. This operation is part of the group’s financial transformation and optimization strategy, according to a statement released on Monday, June 23. The main objective is...

AfricInvest has achieved the first exit of its flagship fund, AfricInvest Fund IV, with a size of 411 million USD, by selling its stake in AFG Holding, a pan-African banking group based in Ivory Coast. According to the pan-African private equity manager, this investment, finalized in the second quarter of 2025, marks a key milestone...

AfricInvest has realized the first exit of its flagship fund, AfricInvest Fund IV, with a size of $411 million, by selling its stake in AFG Holding, a pan-African banking group based in Ivory Coast. According to the pan-African private equity manager, this investment, completed in the second quarter of 2025, marks a key milestone in...

Fitch Ratings maintained Gabon’s sovereign rating at CCC on June 20, 2025, reflecting a perceived high level of risk. According to Fitch, this decision is explained by the country’s persistent dependence on volatile oil revenues, challenges in public finance management, and limited access to external and regional financing. However, this evaluation comes in the context of a successful political transition and economic measures that Gabonese authorities believe have not been adequately taken into account. Reasons given by Fitch Ratings The agency highlights that, despite a per capita GDP relatively higher than some peers rated in the same category, Gabon faces…

Embed Financial Group Holdings (EFGH), an insurtech company based in Singapore, has appointed Eric Mboma as the Chief Executive Officer for Africa, a decision that marks a key milestone in the company’s expansion strategy on the African continent. With the appointment of Eric Mboma, the group aims to accelerate its impact and distribution strategy through new strategic partnerships across its four markets on the continent, including Botswana, Zimbabwe, South Africa, and Nigeria. “Thanks to his knowledge and abilities, EFGH will be on track to accelerate its expansion, as well as its intention to ‘democratize finance’,” said Dennis Ng, the group’s…

During his official visit to China, which began on June 22, 2025, Senegalese Prime Minister Ousmane Sonko signed a series of strategic agreements that mark a turning point in Senegal’s ambition to modernize its transportation system. These agreements, made with Chinese public and private partners, are part of the Hangzhou Economic Forum and reflect a clear desire to accelerate the country’s energy and industrial transition. At the heart of these commitments is a tripartite partnership between the Land Transport Development Fund (FDTT), the Urban Transport Financing Association (AFTU), and China Africa Investment and Development (CAID). Together, these entities will launch…

The Egyptian giant Valu, a subsidiary of EFG Holding, is now listed on the Egyptian Stock Exchange (EGX), becoming the first consumer credit company to enter the market, as announced in a press release on Monday, June 23. EFG Holding completed this operation through a distribution of dividends in kind. A 20.49% stake in the capital was indeed distributed to shareholders, funded by undistributed profits, at a rate of one Valu share for every 3.33 EFG Holding shares. The operation is valued at approximately 7.13 million USD (335 million EGP). “The listing conditions have been met, particularly in terms of…

Former Zimbabwean swimmer Kirsty Coventry officially took the reins of the International Olympic Committee (IOC) on Monday, June 23 in Lausanne, becoming the first woman to lead the world’s most influential sports organization. At 41, she begins an eight-year term at the head of the institution, which she knows well having climbed the various ranks...

Gabonese President Brice Oligui Nguema officially announced, in a video statement broadcast on Sunday, June 22, the imminent launch of his own political party. The event is scheduled for June 28 during a gathering at the Palais des Sports in Libreville. This initiative comes a little over two months after his victory in the presidential...

Beltone Leasing & Factoring, an Egyptian subsidiary of Beltone Holding, has secured a financing of 20 million USD from two impact funds managed by the German investor Finance in Motion: the SANAD Fund for MSMEs and the Green Growth Fund (GGF). The financing is evenly split between the two funds, each providing 10 million USD...

In Tunisia, former President Moncef Marzouki has been sentenced in absentia to 22 years in prison, announced the specialized criminal chamber for terrorism cases at the Tunis Court of First Instance on Friday, June 20. This sentence, with immediate effect, also targets his former advisor Imed Daïmi and the former head of the bar association, Abderrazak Kilani. All three are accused of allegedly endangering state security. This judicial decision marks Marzouki’s third conviction. The former president had already been sentenced to eight years in prison in 2023, and an additional four years in previous cases. Since his exile in Paris,…

The Democratic Republic of Congo has opened a new era in its cooperation with international development partners. This Saturday, June 21 in Kinshasa, the Congolese Minister of Finance, Doudou Fwamba Likunde Li-Botayi, signed a series of financing agreements with Albert Zeufack, World Bank Director of Operations for the DRC. These new financial commitments, totaling nearly 2 billion US dollars, aim to strengthen the country’s capacities in key sectors such as energy, governance, infrastructure, digitalization, and resilience to growing urban challenges. Among the projects involved is the development of the Inga 3 hydroelectric site, a large-scale continental project set to transform…