Author: The Editorial Staff

At the end of the first half of 2025, the net banking income (NBI) of the African Automobile Credit Company (SAFCA), operating under the trade name Alios Finance Côte d’Ivoire and specializing in leasing, recorded a 20% increase compared to the same period in 2024, announced the leaders of this company based in Abidjan. This...

On July 31, 2025, we will celebrate a new edition of the International Day of African Women. This day, more than just a symbolic ritual, is an opportunity to remind that Africa will not develop without its women, who represent more than 50% of our populations – and especially that it will only develop sustainably with them in leadership roles, both in society and in business, technology, finance, or agriculture. But beyond speeches, an imperative emerges: to transform ambitions into strategies, and strategies into systems. For this, we must dare to combine three dimensions that are often compartmentalized: technical expertise,…

The new hub strengthens Yango Group’s long-term strategy on the continent by supporting local innovation, entrepreneurship, and digital infrastructure development. Abidjan, Ivory Coast, July 24, 2025 – Yango Group, a technology company based in Dubai and present in over 30 countries, announces the opening of its new African regional office in Abidjan. This hub will coordinate the group’s growing operations across the continent, marking a new chapter in Yango’s long-term commitment to Africa. With nearly 200 employees already on the ground, the company plans to strengthen its local capabilities over the next year. Launched for the first time in Ivory…

“In Ivory Coast, the battle for digital sovereignty is entering a new phase. ST Digital, a young company aiming to be a key player in the African cloud industry, will soon inaugurate its very first datacenter in Ivory Coast, located in the VITIB zone of Grand-Bassam. This Tier III strategic infrastructure is designed as the cornerstone of a sovereign cloud ecosystem in Francophone Africa. This opening will complement ST Digital’s DataCenter Infrastructure footprint in Africa, following Cameroon and preceding Gabon. As a reminder, ST Digital’s projected network is as follows: A flagship project for a growing market Announced for the…

On the occasion of the 26th anniversary of his accession to the throne, King Mohammed VI delivered a speech on July 29, 2025, focusing on the economic, social, and diplomatic progress of the Kingdom, while calling for a more balanced territorial development. The sovereign highlighted Morocco’s entry into the category of countries with “high human development”, citing the decrease in multidimensional poverty from 11.9% in 2014 to 6.8% in 2024, and the advancement of macroeconomic indicators despite a challenging global context. Morocco, he emphasized, maintains sustained growth, with an industrial revival marked by increased exports in the automotive, aerospace, and…

Burkina Faso takes a new step towards energy transition with the financing of the Dédougou photovoltaic solar power plant, amounting to 6 million euros or 3,935,742,000 FCFA. The operation combines a concessional loan of 2.5 million euros and a repayable grant of 3.5 million euros, supported by FMO, the Dutch entrepreneurial development company. The project is also supported by the Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB). The financing agreement was signed in Paris on July 18, in the presence of technical and financial partners, developer Qair, as well as legal representatives from A&O Shearman…

The total resources mobilized by the State of Senegal increased by 10.2% in the first quarter of 2025 compared to the same period in 2024, according to data from the Directorate of Forecasting and Economic Studies (DPEE) based in Dakar. These total resources are estimated at 1032.5 billion CFA francs (1.858 billion dollars) at the...

At the end of a simultaneous auction of Treasury Bills (BAT) of 351 days and Treasury Bonds (OAT) of 3 years organized on Monday, July 28, 2025 on the financial market of the West African Monetary Union (UEMOA), the Public Treasury of Guinea Bissau raised an amount of 13.750 billion XOF (24.750 million dollars). The...

Ecobank Group has unveiled strong half-year results for the first six months of 2025, with pre-tax profit up 23% to $398 million and net banking income reaching $1.1 billion, a 12% annual increase. A sign of increased operational efficiency, the operating ratio has fallen to 49.1%, its lowest level in over a decade. This performance illustrates the pan-African group’s ability to generate value despite a mixed macroeconomic environment in several of its key markets. Customer deposits increased by $3.4 billion to $23.9 billion, with 83% in low-cost deposits. In a context of margin pressure, this financing structure is a strategic…

President Alassane Ouattara (82 years old) announced on Tuesday, July 29, his candidacy for a 4th term at the helm of Ivory Coast. The former Africa director of the International Monetary Fund (IMF) is running under the banner of the Rally of Houphouetists for Democracy and Peace (RHDP), his party. “After deep reflection, I have...

The African Development Bank (AfDB) Group has approved a $30.25 million financing to support a program aimed at enhancing climate resilience in the agricultural sector in Benin, particularly in the most vulnerable areas in the north of the country. The announcement was made by the institution in a press release issued on July 25, 2025....

South African venture capital firm HAVAÍC announced on Tuesday, July 29 in a press release that it has successfully completed the second closing of its African Innovation Fund 3, bringing total commitments to 50 million USD. This round of 25 million USD has attracted institutional investors including Sanlam Multi-Manager, making one of its first forays...

NSIA Bank has obtained the international MSI 20000 certification for its entities in Senegal, Benin, Togo, and Guinea. This distinction, awarded by the certification body COFICERT, was presented during an official ceremony held on June 25, 2025. After Ivory Coast in 2023, this new wave of certifications reinforces the regional expansion strategy of the pan-African...

Gathered on July 22, 2025 in Kampala, MTN Uganda shareholders approved the separation of the mobile money business from the telecommunications operator’s main communication branch in order to empower the new company and increase its revenue. This structural separation will give rise to a new fintech entity called MTN Mobile Money Uganda Limited. The MTN...

Strongly committed to economic and social development, BIA Niger, a subsidiary of the pan-African group Banque Centrale Populaire (BCP), has donated a modern and fully equipped hospitalization unit for the diabetology and endocrinology service at the Amirou Boubacar Diallo Hospital in Niamey. Covering an area of 320 m², this modern infrastructure fully funded by the bank includes four common rooms, seven individual rooms, a therapeutic education room, as well as consultation, care, and administrative spaces. The objective is to significantly improve the reception and treatment conditions for patients with chronic diseases, especially diabetes, which is growing rapidly in Niger. The…

In a statement released on July 28, 2025, the Board of Directors of BGFI Holding Corporation (BHC) announced the temporary postponement of its initial public offering on the Central African Securities Exchange (BVMAC). This decision, made in consultation with the Central African Financial Market Supervisory Commission (COSUMAF), aims to ensure the smooth running of the process as a legal procedure is ongoing. Indeed, a group of shareholders has taken the Libreville Commercial Court to challenge certain aspects of the operation. The BGFIBank group, the parent company of BHC, indicates that it will wait for the outcome of this procedure before…

Assurances La Providence, a non-life insurance company based in Dakar, has announced the appointment of Mrs. Awa Coulibaly as CEO. She succeeds Ndeye Khady Diop, who is retiring after several years leading the company. A seasoned professional in the sector, Awa Coulibaly has over 30 years of experience in insurance. Prior to her appointment, she held the position of Deputy CEO within the same company, where she contributed to the structuring and consolidation of activities. This transition to the CEO position comes at a time of consolidation in the Senegalese insurance sector, marked by increased competition and the need for…

The results of Tunisia’s foreign trade during the first half of 2025 showed a slight decline of 0.6% compared to the first half of 2024, according to data from the National Institute of Statistics (INS) based in Tunis. These exports reached 31.773 billion dinars (10.803 billion dollars) compared to 31.953 billion dinars (10.864 billion dollars)...

The African Risk Capacity (ARC) has disbursed $3.38 million to the government of Malawi after triggering the parametric drought insurance coverage recorded during the 2024/2025 agricultural season. This payment includes $3.07 million for the classic sovereign policy and $311,000 for the advance coverage. Malawi had taken out a dual coverage, classic and early, with ARC...

United Capital Plc has announced a 57% growth in its revenue in the first half of 2025, with the indicator increasing from 15.15 billion naira (19.7 million USD) to 23.76 billion naira (30.9 million USD). During the same period, it is learned that the profit after taxes has increased by 54%, reaching 11.89 billion naira...

On July 23, 2025, the World Bank approved the inclusion of Angola, Burundi, Malawi, Seychelles, and Zambia in phase 2 of the Regional Emergency Preparedness and Inclusive Recovery (REPAIR) program. This program allows for the rapid disbursement of emergency funds, usually within less than seven working days, to support relief and recovery efforts after major...

As of June 30, 2025, BH Assurance announces that it has achieved a total turnover of 109.3 million dinars (approximately 38 million dollars), compared to 103.3 million dinars in the same period in 2024, representing a 6% year-on-year growth. This performance is mainly explained by the strong performance of non-life insurance activities. Non-life insurance generated...

Asara Resources, an Australian company, announces that it has raised approximately 16.7 million USD through an institutional placement in two tranches, in order to accelerate exploration work on its gold project Kada, located in eastern Guinea. In a press release published on Monday, July 28, Asara indicates that this financing received strong support from Australian...

Africa experienced a significant relaxation in the insurance market in the second quarter of 2025, in a regional context (IMEA – India, Middle East, and Africa) marked by increased competition and improved reinsurance capacity. This is revealed in the latest report presenting the Global Insurance Market Index published by Marsh, a global insurance services company...

Access Bank UK Limited, a 100% subsidiary of Access Bank Plc, has finalized the acquisition of a majority stake of 76% in AfrAsia Bank Limited, the fourth commercial bank in Mauritius. The transaction, completed on July 24, 2025, has received all necessary regulatory approvals, including from the Bank of Mauritius and the Financial Services Commission,...

During a meeting with representatives of the Gabon Business Federation (FEG) on July 24, 2025, the Minister of Economy, Henri-Claude Oyima, informed economic operators of the government’s willingness to involve the private sector in the development of the 2026 Finance Law. According to the Gabonese government official, through this outreach, the State aims to create...

Ghana and France signed a historic bilateral agreement on July 25, 2025, under the G20 Common Framework, marking a major step forward in the country’s recovery process. By becoming the first bilateral creditor to conclude such an agreement, Paris formalizes the memorandum of understanding signed in June 2024 with the Official Creditors Committee, which it...

In its 2024 annual report, the Central Bank of Central African States (BEAC) reveals that “in 2024, the total volume of currency in circulation within the six countries (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad) of the Economic and Monetary Community of Central Africa (CEMAC) is estimated at 5,363.3 billion CFA francs...

It is a project led by LG Energy Solution, a South Korean giant in storage solutions, and the Chinese Yahua Group specialized in lithium processing. This future refining unit has been declared by the Moroccan government as strategic. Representatives of the two groups were in Morocco on July 23, 2025 to discuss the feasibility conditions...

The South African government has approved a new guarantee facility of 94.8 billion rand ($5.34 billion USD) for Transnet, the state-owned railway and port logistics company facing an unprecedented structural crisis. This new funding, announced on Sunday, July 27, comes in addition to a guarantee of 51 billion rand ($2.87 billion USD) already announced in...