Author: The Editorial Staff

It’s a turning point for the Guinean mining industry. Just three months after its creation, Nimba Mining Company (NMC), the first 100% national mining company, made its first shipment of 200,000 tonnes of high-quality bauxite from the port of Kamsar this morning. This rapid launch confirms the country’s desire to take control of the valorization...

The Republic of Congo is making its comeback on international financial markets after nearly 20 years of absence, raising $670 million through a new eurobond at 9.875% maturing in November 2032. The repayment will be made in five equal tranches between 2028 and 2032. This market operation, led by Citigroup and rated CCC+ by Fitch...

Djibouti took a major political step on November 2 by adopting a constitutional reform removing the age limit to run for presidential election. This provision, set at 75 years since 2010, had so far prevented President Ismaïl Omar Guelleh — 77 years old — from seeking a new term in April 2026. The amendment, adopted...

As we celebrate the 10th anniversary of the Paris Agreement, the climate crisis – more than ever – is at the heart of global concerns. Financial Afrik asked Erick Maville, President of Santé en Entreprise (SEE Association) specializing in advocacy, policy development, and management of CSR and innovation programs in health, what should be the contribution of the African private sector to the main development goals (SDGs.) The international NGO SEE Association, which he founded in 2011, commissioned the first CSR & Health 2024 barometer, the second edition of which will be presented at the 4th edition of the FORAS…

“In the third quarter of 2025, the profit of NSIA Bank Côte d’Ivoire, a member of the financial group of the same name, recorded a 6% increase compared to the same period of the 2024 fiscal year, announced the leaders of this banking institution based in Abidjan. This profit amounted to 25.037 billion CFA francs...

BISSAU, Guinea-Bissau, November 3, 2025 – Chevron is entering the offshore exploration sector in Guinea-Bissau through two blocks in the MSGBC basin. Chevron Guinea Bissau Exploration I, Ltda., a 100% Chevron subsidiary, will be the operator of offshore blocks 5B (Carapau exploration permit) and 6B (Peixe Espada exploration permit), with a 90% interest in each block. Petroguin, the country’s national oil company, holds the remaining 10%. The operation has received all required regulatory approvals. “Chevron is pleased to open a new chapter with Guinea-Bissau, in line with its exploration strategy to enhance its overall portfolio of high-quality concessions,” said Liz…

The Central African Financial Market Supervisory Commission (COSUMAF) has approved the introduction to the stock exchange of BGFI Holding Corporation, the parent company of the Gabonese banking group BGFIBank, according to a statement released on November 3. This approval comes two weeks after the decision of the Libreville Commercial Court, which dismissed a group of...

Abidjan, October 30, 2025 — The process of modernizing the regional financial market of the West African Economic and Monetary Union (UMOA) is taking a new step. The Board of Directors of the Central Securities Depository/Clearing Bank (DC/BR), meeting on Tuesday, October 21, 2025 in Abidjan under the chairmanship of Mr. Faman Touré, approved the regulatory provisions endorsing the transition from a settlement-delivery cycle of T+3 to T+2. The effective implementation of this reform is scheduled for next December. This decision, authorized by the Financial Markets Authority of UMOA (AMF-UMOA), marks a major evolution towards a more modern and efficient…

Gold: ~ 4,000 USD/oz (≈4,000). Zinc: ~ 3,055 USD/ton (~3,054). Iron ore: ~ 105 USD/ton. Aluminum: ~ 2,892 USD/ton (~2,892). Copper: ~ 5,0878 USD/lb. Lithium: ~ 80,550 CNY/ton (~11,000 USD/ton). The Malian government has revoked over 90 mining exploration permits, including those held by subsidiaries of international companies, citing non-compliance with new legal requirements. The...

Senegal is taking a new step in realizing its national strategy for sustainable and inclusive housing. The National Bank for Economic Development (BNDE) and the Social Housing Fund (FHS) signed a memorandum of understanding on Friday, October 31, marking the operational implementation of the Green Fund for Social Housing, an innovative financial mechanism aimed at supporting the ecological transition of the housing sector. The signing ceremony, presided over by Momath Talla Ndao, Secretary of State for Housing, took place in Dakar in the presence of Mamadou Faye, CEO of BNDE, and Ibrahima Diop, administrator of FHS. This agreement, through a…

A few days before the Africa Financial Summit (AFIS) 2025, which will be held on November 3 and 4, 2025 in Casablanca, the economic capital of Morocco, its initiator and CEO of the Jeune Afrique Group, Amir Ben Yahmed, reflects on the ambitions of this pan-African platform. At the heart of the project: financial sovereignty, mobilization of domestic capital, acceleration of continental integration, and Africa’s place in the global technological revolution. A brief, direct exchange with a key player in the African financial ecosystem. AFIS is being held for the second consecutive time in Morocco. What motivates this choice? Morocco…

The Public Procurement Regulatory Authority (ARCOP) released its 2023 report on Friday, October 31, 2025. The document highlights the central role of public procurement in the country’s transformation, with a record volume of 2,864 billion CFA francs, or approximately $4.7 billion, an increase of 136% compared to 2022. Senegal sends a strong signal to its...

From our Special Envoy in Luanda, Daniel DJAGOUE With $18 billion in commitments and a new financial architecture, the continent is laying the groundwork for strategic autonomy in financing its integration projects. $18 billion for a new era Closed on October 30th in Luanda, the 3rd Summit on the financing of infrastructure development in Africa...

Ethiopia seems to be reaching a decisive milestone on the path to financial stability. In six years, the country’s external debt has decreased from 23 billion to 4.5 billion dollars, according to figures provided by Prime Minister Abiy Ahmed to the House of People’s Representatives on October 28, 2025. This reduction was made possible, according...

The Organization for the Development of the Senegal River (OMVS) is accelerating its transformation. Under the leadership of its High Commissioner, Mohamed ABDEL VETAH, the regional institution is entering a new phase: data governance, technological innovation, and youth inclusion at the heart of the basin management strategy. Gathered in Dakar on October 30, 2025, the national coordinators and leaders of the System’s companies (SOGED, SOGEM, SOGENAV, SOGEOH, SEMAF) have taken a decisive turn. OMVS is no longer content with managing a river: it now aims to model it, study it, and project it into the future. On the agenda, three…

The Nigerian government has introduced a 10% tax on income generated from short-term financial investments, ending an exemption that has been in place for years to stimulate the capital market. According to a circular published by the Federal Inland Revenue Service (FIRS), this tax applies to interest income from short-term Treasury bills, short-term corporate bonds,...

After 17 years of a partnership deemed unbalanced with CNPC, Niger is changing its strategy. A high-level negotiation committee, created by presidential decree last July, is tasked with renegotiating the terms of oil cooperation. Among the ten strategic committees set up, the oil committee crystallizes all the issues. In the corridors of power in Niger, a strategic turning point is taking place. On July 29, 2025, the President of the Republic signed decree No. 2025-404/PRN establishing ten negotiation committees in critical sectors. Oil, mining, agriculture, transportation, new technologies… All the levers of the national economy are concerned. But it is…

Mauritania has unveiled its 2024 EITI Report, confirming a year marked by the consolidation of extractive transparency and a significant increase in gold mining activity. The country produced 22.3 tons of gold during the year, with nearly 19.4 tons coming from Tasiast (TMLSA), supplemented by 1.97 tons from artisanal gold mining and 0.97 tons from...

Conakry, October 28, 2025 – The Republic of Guinea has officially launched the Simandou 2040 program, a roadmap aimed at structuring the country’s economic transformation around the development of the Simandou iron ore deposit and its associated railway and port infrastructure. The strategic document was handed over to the head of state, General Mamadi Doumbouya, by Djiba Diakité, chief of staff of the Presidency and president of the Simandou Strategic Committee, during a ceremony held at the Mohammed V Palace in Conakry. This initiative follows on from the decision of the Council of Ministers on May 30, 2024, which called…

From our Special Envoy in Luanda, Daniel Djagoué The 3rd African Summit on Infrastructure Financing, opened on October 28, 2025 in Luanda, Angola, aims to be a decisive turning point. Far from past promises, Africa asserts its desire to finance and govern its own projects. “We are not here to talk about numbers, but to build a connected, modern, and resilient Africa,” said Angolan President João Lourenço, host of the summit and current President of the African Union. Facing a financing deficit estimated between 130 and 170 billion dollars per year, the Angolan head of state emphasized that infrastructure is…

South Africa is set to welcome the first large-scale titanium dioxide production plant on the continent. This industrial project is supported by the African Development Bank (AfDB) with a $75 million investment, marking a major step forward in Africa’s industrialization strategy and its quest for productive autonomy. The financing, approved this week by the board...

At the end of September 2025, Ecobank Transnational Incorporated (ETI) confirms its growth momentum despite a mixed macroeconomic environment in Africa. The pan-African banking group reports a pre-tax profit of $656.6 million, up 33% from the same period in 2024 (about $494 million). The consolidated net profit also increases at the same pace, reaching $454.5...

The ECOWAS Investment and Development Bank (BIDC) signed a $10 million credit line with Vista Bank Sierra Leone on Monday, October 27, 2025. This agreement aims to strengthen financing for small and medium-sized enterprises (SMEs), support local institutions, and promote female entrepreneurship and youth in the country. During the signing ceremony, BIDC President Dr. George Agyekum Donkor emphasized the crucial role of SMEs in regional economic resilience and competitiveness. According to him, the development of a dynamic entrepreneurial ecosystem, particularly in productive sectors such as agriculture and agro-industry, is essential to enhance food security, develop local value chains, and increase…

Mediterrania Capital Partners (MCP), a pan-African private equity fund, announces a strategic co-investment of 100 million euros in Coris Holding, the second largest banking group in the UEMOA by total assets. This operation, carried out with several European development finance institutions – FMO, BII, BIO and Impact Fund Denmark – aims to strengthen the group’s equity and finance its organic and external expansion. Founded by Idrissa Nassa and firmly established in ten countries in West and Central Africa, Coris Holding has over one million clients and 2,200 employees. Its historical positioning in favor of financing SMEs, a pillar of the…

The Caisse des Dépôts et Consignations du Bénin (CDC Benin) launched the IDERA initiative on October 16, 2025, a unique program dedicated to promoting and financing structuring projects led by Beninese women. Convinced that economic equality is a driver of sustainable growth, CDC Benin sees IDERA as a real lever for transformation and empowerment of women in the national economy. Economic inclusion of women: a national growth issue In Benin, women represent 51.2% of the population and contribute to nearly 59.7% of the national economy. However, they remain predominantly active in the informal sector: 80% of micro-enterprises are owned by…

In a strong statement dated October 27, 2025, AFG Bank Madagascar puts an end to rumors: no, billionaire Maminiaina Ravatomanga, exiled to Mauritius following the hasty departure of Andry Rajoelina after the “GenZ” uprising, is neither a shareholder nor a beneficiary of the bank. The bank dismisses “unfounded allegations”, insinuating financial sanctions and irregular cross-border...

An investment of $12 billion has just been mobilized for the first phase of the China-Congo Industrial City project, signed on October 23, 2025 between the government of the Democratic Republic of Congo and the Sino-Congo Special Zone (SCSZ) consortium. This partnership, it is said, is part of the dynamic of economic diversification and industrial...

On October 25, 2025, in Cairo, the new president of the African Export-Import Bank (Afreximbank), Dr. George Elombi, presented a roadmap structured around institutional continuity and industrial and technological reorientation of the bank’s mandate. His dense and technical inaugural speech defines the operational priorities and political risks that the institution intends to face. Institutional continuity...

Loceni Compaoré, Ouagadougou. Burkina Faso has been removed from the Financial Action Task Force (FATF) grey list. The announcement was made on October 24, 2025 by the Ministry of Economy and Finance, following the FATF plenary held in Paris. This decision marks the culmination of a long process initiated since February 2021, when the country...

Loceni Compaoré, Ouagadougou. The Financial Action Task Force (FATF) has officially removed Burkina Faso from its grey list of jurisdictions under enhanced monitoring. This decision, announced during the plenary held on October 24, 2025 in Paris, marks a major institutional victory for the Sahelian country, which has been engaged in a complete overhaul of its...