Author: The Editorial Staff

New York – Ali Al Shammari, the CEO of Global South Utilities (GSU), the Emirati company specialized in energy infrastructure, was honored at the 2026 Reuters Energy Awards with the “Growth Leader of the Year” award. This distinction recognizes his leadership in deploying renewable energy projects and large-scale infrastructure, his ability to establish long-term strategic partnerships, and his role in accelerating impactful projects for global South economies. Under his leadership, Global South Utilities continues to expand in Africa, the Middle East, and Asia, with a growing portfolio of investments in energy infrastructure, power grids, and solutions promoting the transition to…

Appointed by presidential decree, Thione Niang now holds the position of Itinerant Ambassador to the Presidency of the Republic of Senegal. A mission that he summarizes with clarity and commitment. “As Itinerant Ambassador, and under the authority of the President of the Republic, I work to strengthen the image of Senegal and attract investments and strategic partnerships,” he explains. “I lead the nation branding and soft power strategy, mobilize influential diaspora and international investors, cultivate high-level relationships, advise the President on geopolitical issues, and act as Special Envoy for flagship national projects.” This roadmap places economic attractiveness and international influence…

The election of Sonia Mezzour as president of the Moroccan Association of Exporters (ASMEX) on June 23 in Casablanca did not mark the end of a cycle in a climate of consensus. On the contrary. The very noticeable absence of the outgoing president, Hassan Sentissi El Idrissi, overshadowed the election and revealed the deep divergences...

Dakar – New development in the CENTIF case involving Senegalese businessman Mouhamad Rassoul Dieng. In a statement released on June 25th, he claims to have voluntarily appeared before the investigating judge and the financial judicial unit to provide additional evidence aimed at, according to him, closing the procedure. Mouhamad Rassoul Dieng specifies that he participated...

Long touted as the African showcase for central bank digital currencies, eNaira is changing course. In its Nigeria Payments System Vision 2028, a new three-year roadmap published on June 5, 2026 by the Central Bank of Nigeria (CBN), the regulator acknowledges the low adoption of its CBDC and shifts towards a more pragmatic approach: making...

The Senegalese National Electricity Company (Senelec) is tightening the screws. In a management note published on June 22, the company announces that all its suppliers will be required to enter their invoices on its new “e-invoice” platform, starting from July 31. This initiative is part of Senelec’s project to digitize its financial and accounting procedures....

Kenya has reached a new milestone in the economy of family transfers. According to the 2025 Remittances Household Survey Report, published in mid-June 2026 by the Central Bank of Kenya (CBK), the National Bureau of Statistics (KNBS), and their partners, Kenyan households received 931.8 billion shillings between June 2024 and May 2025, a record level that confirms the growing importance of the diaspora in financing daily life. The United States remains by far the largest source of these flows, accounting for 43.5% of the total, ahead of Germany and Australia. Beyond the amount, the report highlights the transformation of transfer…

Just a few months after its implementation, digital payment taxation is already showing its limitations. According to the Quarterly Budget Execution Report (RTEB) as of March 31, 2026, the fiscal measures of the Economic and Social Recovery Plan generated only 54.2 billion CFA francs, against a quarterly forecast of 94.8 billion, resulting in a realization rate of 57.2%. This revenue shortfall highlights the new taxes applied to digital services and transactions. The Senegalese Ministry of Finance attributes this underperformance to difficulties in identifying the tax base and ensuring effective collection of the new taxes. This is indicative of the complexity…

The Central Bank of West African States (BCEAO) has announced the extension of the mandatory connection deadlines to the Interoperable Instant Payment System (PI-SPI) Platform, the regional infrastructure designed to revolutionize digital payments in the West African Economic and Monetary Union (UEMOA). Launched on September 30, 2025, the PI-SPI platform is one of the most...

Mali is taking back control of its historic telecommunications operator. Following a strategic agreement with Maroc Telecom, the Malian government has once again become the majority shareholder of the Société des télécommunications du Mali (SOTELMA), increasing its stake from 49% to 56% of the capital. This rebalancing marks the end of seventeen years during which...

On Tuesday, June 23, 2026, in Rabat for its second quarterly session of the year, the Bank Al-Maghrib Council decided to keep its key rate unchanged at 2.25%, considering that inflation remains generally in line with the price stability objective, despite a suddenly deteriorating international environment. This decision extends the line adopted last March and...

The Africa Finance Corporation (AFC) is making a strong move in Lomé. The pan-African institution for infrastructure financing has just closed a sovereign facility of 108.3 million euros for the benefit of the Togolese government, aimed at deeply modernizing the national agricultural sector. This is a groundbreaking operation in the country, where the AFC is...

Niger has notified the Secretary-General of the United Nations of its withdrawal from the Rome Statute, the founding treaty of the International Criminal Court (ICC). The notification was recorded on June 18, 2026, and, in accordance with Article 127 of the Statute, the withdrawal will only take effect on June 18, 2027. Until this date,...

With nearly 90% of the seats in the House of Peoples’ Representatives, the Prosperity Party secures an overwhelming majority. A victory that reinforces the institutional stability of the country and gives visibility to investors, in a context marked by significant economic and security challenges. Ethiopia is entering a new political phase. Prime Minister Abiy Ahmed...

The Castel group counterattacks. Following Romy Castel’s public criticism of the proposed sale of the Cameroon Sugar Company (Sosucam), two boards of directors – Somdia and DF Holding – have come out of their reserve to defend the group’s governance and refute point by point the accusations of the founder’s heiress. In a statement published...

“With the appointment of Majdouline Fakih as its general manager, Saham Capital Gestion is entering a new phase of development in a Moroccan asset management sector undergoing transformation. This decision reflects both a strategic continuity and a desire to strengthen expertise in an increasingly competitive market, where performance and the sophistication of management strategies are becoming key differentiating factors. The Moroccan asset management sector continues its gradual restructuring phase, driven by governance adjustments, increasing expertise, and growing sophistication of management teams. In this context, Saham Capital Gestion takes a strategic step forward with the appointment of Majdouline Fakih as General…

The change in governance at the top of SanlamAllianz marks the end of a first step in building the first pan-African insurer and the beginning of a much more demanding cycle. By succeeding Heinie Werth, the architect of the merger between Sanlam and Allianz’s African operations, Hennie Nel inherits a continental-sized group whose power is...

The Housing Finance Agency of the West African Economic and Monetary Union (AFINHAB), formerly the Regional Mortgage Refinancing Fund of the WAEMU (CRRH-WAEMU), continues to expand its shareholder base. The institution specializing in housing credit refinancing welcomes three new banking shareholders: the National Bank for Economic Development (BNDE) of Senegal, the International Bank for Industry...

Ekoué Djro Glokpor, the new national director of the Central Bank of West African States (BCEAO) for Togo, was officially introduced to members of the National Credit Council (CNC) on June 18, 2026. His appointment comes at a time when Togolese authorities and the Central Bank are showing a willingness to better direct financing towards very small, small, and medium-sized enterprises, as well as towards agriculture and housing, all of which are considered strategic segments for the country’s economic transformation. Beyond the symbolic aspect, Ekoué Djro Glokpor’s appointment confirms him as a true product of the BCEAO. The new head…

The Association of Large Enterprises of Togo (AGET) has a new face. Gathered at the annual general assembly on June 19, 2026 in Lomé, the members of the Togolese employers’ federation elected Charles Kokouvi Gaffan, CEO of Africa Global Logistics-Togo (AGL-Togo), as the president of the organization for a three-year term. He succeeds Jonas Aklésso Daou, CEO of Zener International Holding Group, who led AGET for six years, two consecutive terms – a record of longevity since the association was created. A familiar figure in the Togolese private sector, the new head of the employers’ organization led Bolloré Transport &…

The battle around the Cameroon Sugar Company (Sosucam) is reaching a new level. After revelations about the proposed sale by Somdia, an agro-industrial subsidiary of the Castel group, of its 88.36% stake in Cameroon’s leading sugar producer, Romy Castel, daughter of founder Pierre Castel, is now publicly speaking out. In a statement released on June...

The Lomé-Tokoin Airport Company (SALT) and T-OIL, a Togolese public company specializing in the purchase, storage, and distribution of petroleum products and derivatives, have signed two strategic agreements laying the foundations for decarbonized aviation and a regional energy hub in Lomé. This took place on the sidelines of the African Air Transport Convention and Exhibition...

Lomé, the capital of Togo, was the setting for an exceptional tribute ceremony dedicated to two iconic figures of African entrepreneurship: Gervais Koffi Djondo and Paul Kammogne Fokam on Saturday, June 20. These two builders, whose journeys have deeply impacted the economic landscape of the continent, were celebrated for their remarkable contribution to the development...

The market continues to respond to the requests of the Senegalese Treasury. Following an auction of Treasury bills (BAT) with a maturity of 364 days and Treasury bonds (OAT) with maturities of 3, 5, and 7 years, the State of Senegal raised, on Friday, June 19, 107.124 billion CFA francs (nearly 193 million dollars) from...

The sovereign rating of Ivory Coast continues to gain credibility on international markets. Fitch Ratings has confirmed the country’s long-term foreign currency issuer default rating at “BB”, with a stable outlook, thus reinforcing the position of the Ivorian Treasury among the strongest signatures in the African continent. In its analysis dated June 12, 2026, Fitch...

“The Moroccan railway sector welcomes a new leader at its helm. Mounir Bensalah has been appointed General Manager of Colas Rail Morocco, a subsidiary of the French group Bouygues specializing in railway infrastructure. This appointment marks a new milestone in the career of a manager who combines solid technical, industrial, and institutional experience. Formerly the...

Burkina Faso continues to diversify its sources of financing with the launch of a Sukuk issuance of 75 billion CFA francs, aimed at mobilizing resources in the regional financial market. Subscriptions will be open from June 26, 2026. The operation, arranged by Image Finance Internationale, has a maturity of nine years (2026-2035) and offers an annual profit margin of 6.80%. The nominal value of each share is set at 10,000 CFA francs, making the issuance accessible to both institutional investors and individuals. It also benefits from a BB+ rating with a stable outlook, a factor that reinforces investor confidence. This…

The government of the Democratic Republic of Congo (DRC) raised 32.9 million US dollars during a Treasury Bonds auction held on June 16, 2026 on the domestic financial market. Announced by the Ministry of Finance, this initiative aimed to strengthen state budget financing through local market resources and consolidate the development of the Congolese public...

A new step has just been taken in Stellantis’ development strategy in Morocco. AXA Credit Morocco officially changes its name to become Stellantis Salaf Morocco, thus marking the complete integration of the credit institution into the automotive manufacturer’s ecosystem. This transformation comes a few months after the acquisition, in September 2025, of 80% of AXA...

Casablanca Stock Exchange started the week on an exceptional note. Boosted by the announcement of a framework agreement between Washington and Tehran aimed at ending tensions in the Middle East and reopening the Strait of Hormuz, the Moroccan market recorded one of its best performances of the year. The flagship index MASI closed the session...