Author: The Editorial Staff

Senegal aims to become self-sufficient in its gas supply by 2026, announced Prime Minister Ousmane Sonko. This initiative should allow the country to save 140 billion CFA francs and reduce the cost of electricity for households. “We no longer want to import gas. We will source locally. The necessary measures have already been taken to...

In Ghana, the world’s leading cocoa producer alongside Ivory Coast, the setting of the purchase price for the 2025/2026 campaign has sparked strong protests. A coalition of several hundred thousand producers has expressed their dissatisfaction with the price announced by COCOBOD, the public regulator, and threatens to ban access to their plantations by control agents....

MTN group has appointed Karl Toriola, who has been in charge of MTN Nigeria since March 2021, as vice president for Francophone Africa. In this role, he will oversee operations in strategic high-growth markets including Cameroon, Ivory Coast, Benin, and Congo Brazzaville. With significant experience, the Nigerian has previously held the position of vice president...

According to figures from the Gabonese Ministry of Economy, Participations, Debt and Cost of Living, between 2023 and 2024, the country sold nearly 9,716 new cars. This performance generated a total turnover of 310 billion CFA francs (542 million USD). In detail, the year 2023 saw a peak in the sale of these new cars....

The Kenyan group KCB has started negotiations to acquire a bank in Ethiopia within the next 18 months as part of its expansion plan, following Addis Ababa’s decision announced last June to allow international lenders to operate there. With this planned acquisition, the Kenyan bank hopes to become a major player in a sector dominated...

The turnover of the Metallurgical Company of Imiter (SMI), a subsidiary of the Managem group, operating the silver deposit of Imiter in Eastern Morocco, recorded a 10% increase at the end of the first half of 2025 compared to the same period of the 2024 fiscal year, announced the leaders of this company based in...

Mali raised on August 20, 2025, in the UMOA financial market, an amount of 18.796 billion CFA francs (33.834 million dollars) through a simultaneous auction of Treasury assimilable bills (BAT) of 364 days and assimilable Treasury bonds (OAT) of 3 and 5 years. The issuer had put up for auction the sum of 20 billion...

In South Africa, the overall consumer price inflation reached 3.5% on a year-on-year basis in July 2025, up from 3.0% in June. This rate remains within the target range of 3% to 6% set by the central bank. On a monthly basis, inflation stood at 0.9% in July, compared to 0.3% in June. Overall, inflation...

Ghana International Bank (GHIB) and Vista Bank Group formalized a strategic partnership on August 11, 2025, during the CNVERGE ’25 conference in London, aimed at improving access to trade financing in West African markets. As part of this alliance, GHIB becomes Vista Bank’s main correspondent banking partner in five countries – Gambia, Senegal, Sierra Leone,...

The Ghanaian government made a payment of $708.1 million in coupons on bonds issued under the Domestic Debt Exchange Programme (DDEP) on Tuesday, August 19. This transfer, the fifth of its kind since the debt restructuring in 2023, was widely seen by investors as a signal of the Treasury’s commitment to honoring its financial obligations....

In Cameroon, between January and June 2025, the local subsidiary of Mobile Telephone Networks (MTN) Group, the South African telecommunications giant, achieved a turnover of 201.4 billion XAF (nearly 360 million USD), representing an 18.4% increase year-on-year. This information is contained in the results published by MTN Group. The telecommunications group attributes this performance to...

Egypt and Japan have concluded 12 agreements and letters of intent covering several key sectors during the Egypt-Japan Investment Forum, held on August 18, 2025 in Yokohama, on the sidelines of the ninth Tokyo International Conference on African Development (TICAD 9), announced the Egyptian Prime Minister’s Office. These agreements aim to boost bilateral investments, strengthen...

It is a working visit that the International Monetary Fund (IMF) is conducting in Senegal from August 19 to 27 with the aim of reviewing the measures taken to clean up finances, and also discussing a new aid program. Thus, in a fairly tense financial context, the delegated technical mission will continue discussions with the...

ValU, the Egyptian fintech specializing in consumer financing and a subsidiary of EFG Holding, has successfully closed its 17th securitization bond issuance, amounting to 460.7 million Egyptian pounds ($9.4 million USD). This operation marks the first step of a securitization program of 10 billion EGP ($204 million USD) recently approved. Rated Prime 1 (sf), the...

Tunisia’s production of crude oil continues to decline. According to the report from the National Energy and Mines Observatory, production has dropped by 9% in one year, reaching 629 thousand tonnes (kt) by the end of June 2025, compared to 691 kt a year earlier. This significant decrease is reflected in a daily average dropping...

Jaiz Bank Plc, the first Nigerian Islamic bank, announced that it has reached the recapitalization threshold set by the Central Bank of Nigeria (CBN), while unveiling a new strategy to increase its capital to 150 billion naira (197 million USD) in the medium term. This announcement, made on August 19, 2025 in Abuja during the...

13 billion US dollars is the level of revenue that the Congolese government aims to achieve for the 2026 budget year. Gathered at the Kinshasa Financial Center, Deputy Prime Minister in charge of Budget, Adolphe Muzito, and Finance Minister, Doudou Fwamba, held a working session on Tuesday, August 19, 2025 with financial authorities to define...

The Kenyan government has announced optimistic forecasts for 2025, expecting accelerated economic growth in the years to come despite the increase in US tariffs and other challenges. This was stated by President William Ruto on Wednesday, August 20 during a press conference where Kenya and Japan concluded a yen-denominated loan agreement, the details of which...

Woodside Energy Ltd, the Australian oil giant, announced on Tuesday, August 19, a 24% decrease in its underlying net profit after tax for the first half of 2025, to $1.25 billion, in line with market estimates. This decline is mainly due to the drop in oil prices, as well as high depreciation costs related to...

Afrigroup Holding, based in Yaoundé, has obtained approval from the Inter-African Insurance Markets Conference (CIMA) to create two new companies, one dedicated to life insurance and the other to non-life insurance. This is a new field of activity for the group, which is already present in banking, healthcare, food, general trade, and real estate. This...

At the end of December 2024, the Banking Commission of the UMOA supervised a total of 478 entities, including 160 credit institutions, 18 financial companies, 286 large decentralized financial systems (SFD) and 14 electronic money institutions (EME). Thirty-three systemically important banks (SIBs) were included in this landscape. During the year, the supervisory body carried out...

In order to meet its budgetary needs, the State of Ivory Coast, through its Public Treasury, raised on August 19, 2025 on the financial market of the West African Monetary Union (UMOA) an amount of 109.999 billion CFA francs (198 million dollars) through a simultaneous issuance of Treasury Bills (BAT) with a maturity of 364...

Family Bank is looking to raise approximately $46.3 million (6 billion Ksh) through an ongoing private placement for the growth of its business. The Kenyan private bank states that it will use the funding to support the growth of its operations. A private placement involves the sale of shares or securities directly to private investors,...

In Morocco, the National Office of Railways (ONCF) plans to secure a new financing of 202 million euros from the German public development bank KfW. This initiative comes a few months after the World Bank granted a loan of 350 million dollars in June. Both supports are part of the “Close intra-metropolitan service” program, aimed...

A Federal High Court in Abuja has ordered the temporary freezing of the bank assets of Mele Kolo Kyari, former Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, the national oil company. The injunction concerns four accounts opened at Jaiz Bank, including two linked to the Guwori Community Development and the Guwori Community...

The Central Bank of Congo (BCC) announced on Monday, August 18, 2025, that it had sold 50 million US dollars to commercial banks at a rate of 2,776 CDF for 1 USD. This intervention, according to a statement from the BCC, aims to stabilize the national currency in a context marked by strong inflationary pressures...

The military in power in Ouagadougou made this decision on Monday, August 18, 2025, following the publication of a United Nations report pointing to “violations against children” related to the ongoing armed conflict in Burkina Faso. Appointed Resident Coordinator of the United Nations System (UNS) in Burkina in July 2024, Carol Flore-Smereczniak is now declared...

In a decree made public on August 18, 2025, the President of the Republic, Paul Biya, authorizes the Minister of Finance (Minfi), Louis Paul Motaze, to resort to domestic and external borrowing for a total amount of 930 billion CFA francs (1.7 billion USD). According to this document, these funds will be used to finance...

Takaful insurance premiums reached 94.9 million Moroccan dirhams (approximately 8.7 million euros) in 2024, representing a 44.1% increase compared to the previous year, according to the 12th annual report on financial stability. This growth is mainly driven by the life branch, with 80.8 million MAD (7.4 million euros; +38.3%), followed by the fire branch, which...

Ghana is preparing to introduce a regulatory framework dedicated to Islamic finance by the end of 2025, with the ambition of strengthening financial inclusion and attracting new capital. This structuring reform aims to consistently regulate banking, capital markets, and insurance through a robust Sharia governance framework. The Central Bank (BoG), the Securities and Exchange Commission,...