Author: The Editorial Staff

They are now listed on the BRVM since January 22, 2025, the “FCTC SONABHY 8.1% 2025-2031” bonds. The ceremony marking this first listing took place in Ouagadougou. The secondary market of the BRVM recorded a new listing on January 22, 2025. These are the “FCTC SONABHY 8.1% 2025-2031” bonds. Since that day, this security listed...

Driven by the historic surge in gold and silver, Managem has risen to the second position in terms of market capitalization on the Casablanca Stock Exchange. This performance illustrates the strong comeback of mining values in a Moroccan market undergoing significant sectoral restructuring. The Moroccan mining group Managem reached the second position in market capitalization...

“The Governor of the Central African States Bank (BEAC) left no room for ambiguity. Interviewed by the newspaper Le Jour, Yvon Sana Bangui is clear: “There will be no devaluation in Central Africa. It will not happen.” The head of the issuing institute goes further. He explains that the recent agitation was caused by an...

The Kenya Pipeline Company, the national oil transportation company in Kenya, has started the process of listing on the Nairobi Stock Exchange (NSE). The company has opened the sale of a 65% stake on Monday, January 19, hoping to raise 106.3 billion shillings ($824.67 million). Approved by the Capital Markets Authority (CMA) and the Nairobi...

Whether at the national, regional, or continental level, central bank digital currencies (CBDCs) are gradually emerging as a new instrument for monetary sovereignty and payment efficiency. In Morocco, the e-dirham project is progressing, but without a set timeline. True to its tradition of caution, Bank Al-Maghrib favors a gradual and experimental approach. A global dynamic,...

The final of the 35th Africa Cup of Nations will be played on Sunday, January 18, 2026 in Rabat between Senegal’s Lions of Teranga and Morocco’s Lions of the Atlas. A historic poster, the first at this level between two continental references. Twenty-four hours before kick-off, the two assets are exchanging at par in an electrified market. The FIFA ranking confirms the balance: Morocco is ranked 13th in the world, the first African team; Senegal follows in 20th position, second on the continent. The gap is real but contained, without a clear premium or exploitable discount. The valuation confirms this…

The State of Senegal raised a total of 154 billion CFA francs on the financial market of the West African Economic and Monetary Union (UMOA) on Friday, January 16, 2026, following an auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of 3 and 5 years. Initially,...

Since January 2, 2026, the Regional Stock Exchange (BRVM) has undertaken a structural overhaul of its Official Stock Exchange Bulletin (BOC), with a clear objective: to strengthen market transparency and improve the readability of stock market information for all investors, both institutional and individual. This modernization is based on three major developments. Firstly, a thorough clarification of bond securities, now grouped into readable and coherent categories: traditional bonds (sovereign, regional and international financial institutions, companies), GSS bonds (Green, Social & Sustainability), Securitization Funds of Receivables (FCTC), SUKUK and similar securities, as well as convertible bonds. The specific highlighting of GSS…

The State of Guinea-Bissau raised 15 billion CFA francs on the financial market of the West African Monetary Union on Tuesday, January 13, 2026, through a simultaneous auction combining Treasury bills (BAT) with maturities of 91 and 364 days and Treasury bonds (OAT) with a maturity of 3 years. Facing a targeted offer of 15...

Closed at the end of November in Brazil, COP30 was an opportunity to call on the international community to support the green industrialization of the African continent. On site, several industrialists, including the giant CMOC, are already trying to approach their strategies for exploiting the continent’s resources in a more responsible manner, whose role in favor of the global energy transition is already essential. At the same time, structuring ecological projects are gradually emerging across the continent, giving it an increasingly central place in the green economy. Africa remains the main victim of climate change The figures alone summarize the…

The Regional Mortgage Refinancing Fund of the West African Economic and Monetary Union (CRRH-UEMOA) has reached a decisive milestone in its development with the listing of its “Social Bond CRRH-UEMOA 6.00% 2025-2040” on the Luxembourg Stock Exchange on Monday, January 12, 2026. This financial center is now recognized as the global reference in sustainable finance,...

The Burkina Faso has recorded a new ministerial reshuffle with the establishment of the Rimtalba II government, whose composition was made public in the evening of January 12, 2025. This new government team consists of 22 members, divided between 19 full ministers and 3 deputy ministers. Among the highlights of this reshuffle are two new...

The OPEC Fund for International Development (OPEC Fund) is on an official mission in Côte d’Ivoire, led by its president Abdulhamid Alkhalifa, to strengthen strategic cooperation with the African Development Bank Group (AfDB) and advance joint efforts towards sustainable development in Africa. A highlight of this visit was the AfDB-OPEC Fund Partnership Day, held at...

The AfricaMed Business Forum (AMBF) will hold its third edition in Casablanca on January 16 and 17, 2026, on the sidelines of the Africa Cup of Nations (CAN). This strategic edition will be entirely dedicated to the development and structuring of the sports industry in Africa, around the theme: “From 0.5% to 5% of GDP: the Decade of the African Sports Industry”. Through this ambition, the Forum aims to reposition sports as a true industrial sector, capable of becoming a structuring driver of economic growth, job creation, innovation, and continental integration. Long perceived mainly as a field of performance and…

At the helm of Al Mada Holding (parent company of Attijariwafa Bank) for over ten years, Hassan Ouriagli passed away on January 10 in Paris from a pulmonary embolism. He had been hospitalized four days earlier in critical condition. A discreet and insightful executive, the deceased was one of the architects of the repositioning of...

Banque Outarde has won its legal victory against the company International Company of Trade and Services (ICTS) SUARL, as well as against its personal guarantors Aboubakar Diagne and Mame Sémou Diouf, following a commercial court decision. The dispute concerned the recovery of a bank debt resulting from financing granted by Banque Outarde to ICTS SUARL,...

In Morocco, Tariq Sijilmassi, former Chairman of the Executive Board of the Crédit Agricole group, is making his comeback at the head of Tessera Capital, a new investment bank. After several years of relative withdrawal from the banking scene, Tariq Sijilmassi makes a highly commented return with the creation of Tessera Capital, a new investment...

Dakar, January 7, 2026.The Inter-African Institute for Training in Insurance and Business Management (IFAGE SA) will hold its fourth official graduation ceremony on Friday, January 16, 2026, starting at 4:30 pm, at the King Fahd Palace in Dakar, Senegal. Under the theme “Contribution of the financial sector to climate resilience and sustainable development”, this ceremony will mark a historic double first: the graduation of the first cohort of the Professional Master’s in Accounting, Control, and Audit, as well as the first cohort of the Professional Certification in Reinsurance in Francophone Africa. This edition has a special symbolic significance, coinciding with…

The Burkinabe government claims to have thwarted a new coup attempt targeting Captain Ibrahim Traoré, in the night from Saturday 3 to Sunday 4 January 2026. According to authorities, the plot involved the assassination of the head of state as well as several military and civilian personalities. In a statement and an intervention on public...

The Council of Ministers of the West African Economic and Monetary Union (UEMOA) held its fourth ordinary session on December 29, 2025, for the year 2025, at the headquarters of the Central Bank of West African States (BCEAO) in Cotonou, Republic of Benin, under the presidency of Mr. Aboubakar NACANABO, Minister of Economy and Finance of Burkina Faso, its current President. Also present at the meeting were Mr. Abdoulaye DIOP, President of the UEMOA Commission, Mr. Jean-Claude Kassi BROU, Governor of the BCEAO, Mr. Serge EKUE, President of the West African Development Bank (BOAD) and Mr. Kossi TENOU, President of…

Algerian President Abdelmadjid Tebboune terminated the functions of the governor of the Bank of Algeria, Salah Eddine Taleb, on Tuesday, according to a statement from the presidency. The interim position has been entrusted to vice-governor Mouatassem Boudiaf, with no official clarification on the reasons for the revocation or the duration of the transition. Appointed on...

Driven by a combination of favorable macroeconomic factors – controlled disinflation, lower interest rates, strong investment recovery, and increased liquidity – the Casablanca Stock Exchange closes the year 2025 with a historic performance. The MASI index increases by 25%, market capitalization surpasses the symbolic threshold of 1,000 billion dirhams for the first time, and IPOs...

By Thierno Seydou Nourou Sy, Founder and President of Nourou Financial Consulting Dakar – Senegal. The proposed sale of Société Générale France’s shares in Société Générale Senegal, as well as the potential decision of the Senegalese government to exercise its pre-emption right, must be rigorously analyzed beyond emotional reactions and strictly political readings. This operation is part of a global dynamic of restructuring the international banking sector and centrally raises the question of the financial sovereignty of African economies. For a country like Senegal, the stakes go far beyond simply taking over a banking asset. It involves the structuring of…

As every year comes to an end, Financial Afrik unveils its list of the 100 personalities who are transforming Africa, a ranking that has become a pan-African reference. The 126th issue of Financial Afrik, available online since December 15th, reflects the diversity of profiles, destinies, and inspirations that all share the transformative impact of creating jobs and prosperity. For this edition, the Financial Afrik Awards event will take place on January 22nd and 23rd in The Gambia, at the heart of a regional dynamic full of opportunities and renewed ambitions. The selection process for the FAA winners is based on…

The 2025 stock market year in Africa does not lend itself to quick readings. The raw comparison of indices, without distinction between stock performance, exchange rate effect, and position in the macroeconomic cycle, inevitably leads to misunderstandings. This is precisely what the cross-analysis of performances expressed in dollars, euros, and local currency reveals. Expressed in...

Announced by Prime Minister Ousmane Sonko on December 11th, the decrease in electricity prices will take effect from January 1st, 2026, according to the Regulatory Council of the Energy Sector Regulation Commission (CRSE). According to the same source, this decrease will mainly affect low-income households whose consumption generally falls within the range (from 0 to...

L’Archer Securities, a subsidiary of the L’Archer Group, stands out in the brokers and asset managers category, confirming its growing role in the financial markets of the CEMAC zone. Led by Gilles Tchamba, the L’Archer Group continued its trajectory of sustained growth in 2025, driven in particular by the increasing strength of its historical subsidiary. L’Archer Securities reached a strategic milestone with over 3,000 billion CFA francs raised in the capital markets since 2020 under the impetus of the L’Archer Group, a result that reflects the confidence of issuers and investors. Throughout the year, the company strengthened its position through…

The Central Bank of Egypt and Afreximbank have taken a major step in structuring the African gold economy with the signing, on December 30, 2025 in Cairo, of a memorandum of understanding establishing a pan-African gold bank program. This strategic initiative aims to formalize the gold value chains on the continent, strengthen the reserves of...

Widely circulated in the financial market, an official document from the Cameroonian Ministry of Finance confirms the suspension, for the months of November and December 2025, of automatic debits in favor of the Road Maintenance Fund (FER), a measure intended to allow the public Treasury to cope with immediate cash flow tensions. Dated November 11,...

The Mauritanian private company Global Aviation is getting closer to its official entry into the Senegalese aviation market. Engaged for nearly three years in the process of obtaining its operating authorization, the company reached a decisive milestone with the completion, on Friday, December 26, 2025, of a demonstration flight on the Dakar-Ouagadougou route, under the supervision of inspectors from the Flight Safety Department of the National Civil Aviation and Meteorology Agency (ANACIM). This technical step is one of the final requirements of the process leading to the obtaining of the Air Operator Certificate (AOC), a regulatory document authorizing a company…