Author: The Editorial Staff

Organizer of the AfroGlobal Connect Forum, Thione Niang sees Guinea as more than just a country undergoing reconstruction: it is a symbol of African rebirth. In this exclusive interview with Financial Afrik, the entrepreneur and founder of AfroGlobal Connect shares his deep conviction: Guinea is ready to embody the awakening of a giant, at the crossroads of political ambition, youth, and human capital. Interview by Dia El Hadji Ibrahima ⸻ Financial Afrik: You traveled through several continents before launching AfroGlobal Connect. How did this initiative come about? Thione Niang: After a long journey through 17 countries in America, Europe, Asia,…

From October 9 to 12, 2025, Brussels will host the 11th edition of the Rebranding Africa Forum (RAF), dedicated to a future theme: “The challenges of artificial intelligence for Africa”. A subject that places the continent at the heart of major global economic and technological transformations. The opening will be marked by the President of Cape Verde, José Maria Neves, a supporter of a digital Africa, and Paule Renée Etogo-Ebongué, CEO of RAF, will remind the forum’s mission: to change the narrative about Africa by highlighting its innovation potential. Another highlight: Dr. Georges A. Donkor, President of the ECOWAS Investment…

Lomé, October 3, 2025 – The Central Bank of West African States (BCEAO) has updated the list of financial institutions authorized to offer services of the Instant Payment Interbank Platform (PI-SPI) to the public. This update confirms the growing importance of the digital payment ecosystem in the Union, with 62 institutions spread across the eight member countries. A progressive and balanced expansion throughout the Union Senegal leads with 15 participants, followed by Ivory Coast (13) and Mali (8). Burkina Faso has 7 institutions, Togo 6, Benin 5, and finally Guinea-Bissau and Niger with 4 each.This distribution illustrates BCEAO’s commitment to…

An important delegation from the Kingdom of Saudi Arabia, the guest of honor, led by His Excellency Eng. Khalid A. Al-Falih, Minister of Investment, is expected tonight in Dakar to participate in the meeting Invest in Senegal. Composed of 51 companies from strategic sectors – petrochemicals, energy, oil and gas infrastructure, technologies, and logistics –...

Abidjan, October 6, 2025 — Thunder in the Ivorian mining sector. The pan-African conglomerate Atlantic Group, led by Koné Dossongui, has announced the signing of an agreement with Barrick Mining Corporation for the acquisition of the Tongon gold mine, located in the north of Ivory Coast, as well as several adjacent exploration permits. This historic...

A few days before the opening of the Invest in Senegal 2025 Forum, scheduled for October 7th and 8th in Dakar, the World Bank Group is preparing a show of strength. Behind the institutional staging, the objective is clear: to reaffirm the centrality of Senegal in the financing strategy for development in West Africa, through...

Parakou resonated this Saturday with songs and cheers from supporters who came to witness the inauguration of the presidential duo supported by the movement. Amidst the enthusiastic applause, Romuald Wadagni was officially designated as a candidate, alongside Mariam Chabi Talata, the current Vice President of the Republic. From the first minutes of his speech, the tone was marked by his sincerity and personal connection. The current Minister of Economy and Finance, sometimes perceived as a reserved technocrat, chose to share his story, recalling his childhood memories in the city of Kobourou: “As a child, I accompanied my father, who was…

MBTP SA is establishing itself as a key player in the construction sector in the Democratic Republic of the Congo with the recent delivery of two major projects, notably the new headquarters of the Constitutional Court and the completion of the Raxio data center in Kinshasa. These achievements, inaugurated last June, demonstrate the company’s ability to successfully complete large-scale projects within respected deadlines and according to the most demanding international standards. The new building of the Constitutional Court, a pyramid-shaped structure inspired by the Nyiragongo volcano, is an exceptional work. Located on Place Royale in the Gombe commune, this building…

The Senegalese tax system has been the victim of a major cyber-attack claimed by a criminal group, Black Shrantac, which announces that they have stolen 1 TB of sensitive data related to the country’s finances and administration. This data was extracted from the General Directorate of Taxes and Domains (DGID), a key organization in Senegal’s...

Faced with the controversies sparked by the so-called “migrant crisis”, Mauritanian writer Mbarek Beyrouk, known for his novels imbued with memory and humanity, wanted to emphasize a truth that he considers fundamental: Mauritania has never stopped being a land of welcome. Through his work, Beyrouk has often explored the invisible boundaries that divide men and societies, the fractures of the desert, and the buried solidarities in history. In the same vein, he now reminds that the criticisms directed at his country are, in his opinion, unjustified and disconnected from the tradition of hospitality that is at the core of the…

Djeddah – Kampala, October 2, 2025 – The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group (IsDB), has successfully disbursed a financing of 30 million US dollars to Uganda Development Bank Limited (UDBL). This strategic financing marks ICD’s first financing operation in Uganda and the East Africa region, representing a significant step in its efforts to support the development of the private sector in its sub-Saharan African member countries. Structured as a Murabaha of commodities, ICD’s financing is expected to enable local small and medium-sized enterprises (SMEs) to access medium…

AfricInvest Europe, the French subsidiary of the AfricInvest Group, approved by the AMF, has just completed the first closing of the third generation of the Franco-African Funds (FFA) at around €50 million. With its dedicated team based in Paris, AfricInvest Europe has now reached approximately €150 million in assets under management, and has invested in...

Munich, October 2, 2025 – As part of its preparatory work for the introduction of the digital euro, the European Central Bank (ECB) has finalized the framework agreements related to the five negotiated procedures concerning the future digital currency (see also the notice published in the Official Journal of the European Union). The consortium led...

Two people were killed on Wednesday evening in Lqliaâ, near Agadir, during clashes between gendarmes and young protesters gathered under the banner “Gen Z 212”, a direct reference to Morocco’s telephone code. According to local authorities, quoted by the official agency MAP, “law enforcement officers were forced to use their service weapons, in self-defense, to repel an assault attempt against the premises of the territorial brigade, in an attempt to seize ammunition, equipment, and weapons.” A generational protest This episode is part of a climate of increasing tension between Moroccan urban youth and institutions. Inspired by similar movements in Africa…

The Senegalese National Electricity Company (SENELEC) announced on Wednesday, October 1st, that it has issued a bond of 120 billion CFA francs (approximately $214 million), named the “FCTC SENELEC 2025-2030” operation, labeled as a Green Bond and Sustainability-Linked Bond (SLB). This transaction, a first of its kind in Africa for a public company, is intended...

The Agency for the Promotion of Investments in Mauritania (APIM), attached to the Prime Minister’s Office, has changed its leadership. Since September 30, 2025, it has been under the leadership of Tah Ahmed Meouloud, an economist by training and a figure from the business world. With a long career in the private sector, where he has held strategic positions and led structuring projects, the new general manager brings expertise considered crucial for the future. His mission is clear: to reposition Mauritania as an attractive destination in a global environment marked by increased competition among countries to attract foreign capital. To…

Since Wednesday at 4:00 AM UTC, the African Growth and Opportunity Act (AGOA) no longer exists. Twenty-five years after its launch by Bill Clinton, this trade bridge between the United States and 32 African countries has expired in the deafening silence of Washington. Neither the White House nor Donald Trump deemed it necessary to comment,...

Abidjan, September 29, 2025. One could have expected a clash of arguments, the classic opposition between the Wall Street practitioner and the activist intellectual from Dakar. But the panel dedicated to monetary sovereignty, held on the sidelines of the CGECI Academy and moderated by Adama Wade, Editor-in-Chief of Financial Afrik, turned into a duet of almost harmonious voices on the nature and limits of the CFA franc. On one side, Achille Ekeu, an American of Cameroonian origin, a business banker in Washington, former executive of PNC Bank, and founder of the Washington Valuation Group. His words, shaped in the rigors…

Sanlam Morocco is not immune to the restructuring climate that is shaking up the Moroccan insurance market. By the end of June 2025, the insurer recorded a global turnover decline of 3%, a direct consequence of the strategic repositioning of the Life business. The net profit plunges to 169 million dirhams (≈17.4 million USD), compared...

Sanlam Morocco is not immune to the restructuring climate shaking up the Moroccan insurance market. By the end of June 2025, the insurer recorded a global turnover down by 3%, a direct consequence of the strategic repositioning of the Life activity. The net profit plunges to 169 million dirhams (≈17.4 million USD), compared to 245...

September 30, 2025 marks a historic milestone for the West African Economic and Monetary Union (UEMOA). On this date, the Central Bank of West African States (BCEAO) officially launched the Instant Payment – Interoperable Payment System (PI-SPI), designed to transform financial transactions in the eight union countries. The list of first authorized participants reveals strong...

N’Djamena – September 30, 2025. The President of the Republic of Chad, Mahamat Idriss Déby Itno, awarded Ali Chimmari, CEO of the Emirati company Global South Utilities (GSU), the Order of “First Class National Knight” during an official ceremony held in the capital N’Djamena. This distinction recognizes the major success achieved with the solar project “Noor Chad,” completed in record time. Inaugurated on September 27th, the power plant was built in just eight months, despite environmental and logistical challenges. It is the largest energy project ever undertaken in the history of Chad, with a production capacity of 50 megawatts and…

The Africa50 group has made its choice: Sérgio Pimenta, former Vice President for Africa at the IFC, officially takes over the executive leadership of the Infrastructure Acceleration Fund (IAF). The sudden departure of Vincent Le Guennou, the architect of the initial growth of the fund, had left a void. To manage the interim period, Africa50...

By Rodrigue Fénelon Massala, special envoy to New York On the sidelines of the 80th session of the United Nations General Assembly (UNGA), the Zindi platform, in partnership with Dalberg Data Insights, the International Center for AI Research and Ethics (ICAIRE), and the Kenyan presidency, released its 2025 report on youth employability in Kenya. The results reveal the decisive impact of data science and artificial intelligence (AI) challenges on access to employment, confirming the emergence of new professional dynamics in the digital age. During the high-level parallel event titled “Empowering Nations for Inclusive Prosperity in the AI Era”, Zindi presented…

By Rodrigue Fénelon Massala, special envoy to New York On the sidelines of the 80th session of the United Nations General Assembly (UNGA), the Zindi platform, in partnership with Dalberg Data Insights, the International Center for AI Research and Ethics (ICAIRE), and the Kenyan presidency, released its 2025 report on youth employability in Kenya. The results reveal the decisive impact of data science and artificial intelligence (AI) challenges on access to employment, confirming the emergence of new professional dynamics in the digital age. During the high-level side event titled “Empowering Nations to Ensure Inclusive Prosperity in the AI Era”, Zindi…

Senegal is currently implementing 214 development projects with a total amount of nearly 12,000 billion CFA francs (approximately 19.2 billion USD), announced Amadou Bao, director of project and program performance monitoring and evaluation at the Ministry of Economy, Planning and Cooperation in Dakar on September 25, 2025. These projects involve 32 state implementing agencies and...

Metal markets remain mixed: gold hits records, zinc and aluminum rise, copper stabilizes, while lithium corrects. In Africa, states assert their mining sovereignty through nationalizations and new regulations, while major projects (Simandou, Loulo-Gounkoto, cross-border zones) generate as much hope as tension. Gold hits $3,640/ounce The yellow metal is trading around $3,640/ounce, close to its highest...

Rabat regains its “Investment Grade” status, lost in 2021 due to the repercussions of the health crisis. The American rating agency Standard & Poor’s announced, following its mission to Morocco in September 2025, the upward revision of the Kingdom’s sovereign rating. The country thus regains its “Investment Grade” status, lost in 2021 due to the...

Morocco reaches a new milestone in the consolidation of its railway network on September 24, 2025 with the launch by His Majesty King Mohammed VI of an investment program of 20 billion dirhams (2 billion dollars), financed to the tune of 70% by the National Office of Railways (ONCF) and 30% by the Region. This...

Burkina Faso, under the presidency of Captain Ibrahim Traoré, is conducting a large-scale market test with a bond issuance of 120 billion CFA francs, divided into three tranches. Structured by a national consortium – SBIF, Coris Bourse, SA2IF, and Image Finances Internationales – and placed by a wide syndicate of regional SGI, the operation offers...