Author: The Editorial Staff

From July 9 to 11, 2025, Donald Trump is organizing a mini-summit at the White House with five African presidents. Namely, those of Senegal, Gabon, Guinea-Bissau, Liberia, and Mauritania. Officially, this summit aims to strengthen economic and security ties between the United States and these “strategic” countries on the African Atlantic coast. This is a...

According to a study evaluating the sustainable management of mineral resources in Cameroon, commissioned by the African Minerals Development Centre of the African Union and funded by the European Union Technical Assistance Facility (EU-TAF) as well as instruments of the African Continental Free Trade Area (AfCFTA), the Geological and Mineral Information System, covering the period from 1929 to the present, has some shortcomings. In addition to data considered mostly outdated, the evaluation mentioned above highlights that the lack of funding is an obstacle to carrying out geological mapping. There is also “insufficient standardization of data that are not consistently shared…

WASHINGTON, July 9, 2025 — The World Bank has approved a concessional financing of 57.5 million euros as additional funding for the Program for Employment, Economic Transformation, and Recovery in Senegal focused on results. This financing will enhance support for the Senegalese government’s Accelerated Program for Competitiveness and Employment (PACE), a flagship initiative aimed at unlocking the potential of the private sector, creating jobs, and stimulating inclusive economic growth. The additional financing will expand the program’s scope in four key result areas: strengthening competitiveness, promoting the adoption of innovative technologies, improving access to financing, and fostering private investment. It will…

At the end of a simultaneous issuance of Treasury bills (BAT) with a maturity of 364 days and Treasury bonds (OAT) with maturities of 3, 5, 7, and 10 years, Mali, through its Public Treasury, obtained on Wednesday, July 9, 2025, an amount of 43.999 billion CFA francs (79.199 million dollars) in the West African...

The State of Senegal will proceed on July 26, 2025 to the payment of semi-annual profits and partial repayment of the capital of its Islamic bond named “SUKUK State of Senegal 6% 2016-2026” for an amount of 13.631 billion CFA francs (24.536 million dollars). The net profit amounts to 1.131 billion CFA francs and the...

BlueFive Capital, an international investment company, announced today that it has successfully closed the BlueFive Reef Private Equity Fund I. This $2 billion fund is registered in the Abu Dhabi Global Market (ADGM) and targets private equity investments in large-cap companies in GCC countries. The fund will be managed from Abu Dhabi and will focus on majority and minority investments in large and fast-growing companies and conglomerates in the United Arab Emirates and other GCC countries, with a focus on five key sectors: healthcare, technology, hospitality, aviation, and industry. The fund will leverage the momentum resulting from the region’s economic…

Sustainably mobilizing internal financial resources to finance priority public investments is one of the objectives put forward by the government of the Democratic Republic of Congo (DRC), which is preparing to create a Deposits and Consignments Fund. The new instrument will have an initial capital of 150 million US dollars, according to details provided by...

In Morocco, the insurance sector continued its positive momentum in 2024, with a total turnover increasing by 5.1%, reaching 58.8 billion dirhams (6.54 billion dollars), according to a statement from the Committee for Coordination and Monitoring of Systemic Risks (CCSRS). This announcement was made following the 21st committee meeting, held on Monday, July 7 in...

Following an indicative term sheet (a non-binding document that is the first formal step in negotiating a transaction) with the Gabon Special Economic Zone (GSEZ), as the national airport manager, the African Import-Export Bank (Afreximbank), BGFIBank Gabon and AFG Bank Cameroon will mobilize 190 billion CFA francs (330 million USD) for the construction and operation...

On July 8, 2025, on the sidelines of the multilateral summit convened in Washington by US President Donald Trump on the exploitation of critical minerals, Gabonese President Brice Clotaire Oligui Nguema oversaw the signing of a 290 billion CFA francs (500 million USD) agreement between Gabon and the American company Millenial Potash. According to the...

Between 2014 and 2024, in Cameroon, the General Directorate of Taxes (DGI) recorded 320,000 new taxpayers, with the related figures increasing from 80,000 to 400,000. This represents a 400% increase over ten years. The information was revealed on July 3, 2025 by the Minister of Finance, Louis Paul Motaze, during his appearance at the National...

The Egyptian Insurers Federation (IFE) is considering launching new car insurance products based on the actual use of vehicles, such as pay-as-you-drive (PAYD) insurance and smart policies. This direction was announced in its weekly bulletin on July 6, 2025. This initiative is part of a strategy to offer more innovative insurance solutions tailored to new...

“I am in favor of a FANAF of proximity, action, and transformation” With a career of over four decades in insurance in Francophone Africa, Evelyne Fassinou embodies a rare blend of technical expertise, strategic leadership, and societal commitment. A candidate for the presidency of FANAF for the term 2026-2029, she positions herself as the voice of an insurance industry rooted in African realities, oriented towards action, and serving development. A native of Benin, trained at the University of Paris Panthéon-Sorbonne and the Institute of Insurance in Paris, Evelyne Fassinou began her career within the African Union in Côte d’Ivoire, which…

Peter Ndegwa, CEO of Safaricom, tops the list of highest-paid executives at the Nairobi Stock Exchange (NSE), with an estimated annual salary of $2.2 million for the 2024 fiscal year. This amount places the head of the Kenyan telecom operator far ahead of other listed executives, confirming Safaricom’s position as one of the most successful and influential companies in the region. Mr. Ndegwa’s compensation, equivalent to approximately 283 million Kenyan shillings, includes base salary, bonuses, non-monetary benefits, and performance incentives. This increase is mainly due to the company’s strong performance, both in Kenya and in Ethiopia, where Safaricom is actively…

Emirates Global Aluminium (EGA), the parent company of Guinea Alumina Corporation (GAC), announced on Wednesday, July 9, 2025, the termination by the Guinean Government of its basic agreement with its Guinean subsidiary. A decision that according to GAC, will result in the loss of over 2,000 jobs, including employees and subcontractors. Since the fall of 2024, GAC operations have been suspended. The Guinean Government has blocked the exports of bauxite and the company’s access to the shared railway network. In addition, Compagnie des Bauxites de Guinée (CBG), a state-owned company, has stopped delivering bauxite to the United Arab Emirates. Since…

By Rodrigue Fenelon Massala On the sidelines of the United States-Africa summit convened by President Donald Trump and focused on critical minerals, Gabonese President Brice Clotaire Oligui Nguema marked a major diplomatic milestone. On July 8, 2025 in Washington, he oversaw the signing of a strategic agreement between the Gabonese government and the American company Millenial Potash. This partnership is for the development of the Mayumba potash deposit, located in the southern province of Nyanga, for a total amount of 500 million dollars. The first tranche of financing, estimated at 5 million dollars, will be dedicated to feasibility studies, before…

A heated controversy is currently pitting Azumah Resources Ghana Limited, the company holding the Black Volta mining project, against the Ghanaian company Exploration & Production Company Limited (E&P), over the development and financing conditions of this gold deposit located in the Upper West region of Ghana. In a statement released on July 9, 2025, Azumah Resources expressed concern over E&P’s public statements, which it describes as “misleading”, stating that they harm Ghana’s reputation in international mining investment circles. Azumah claims that, despite statements in the press, E&P has neither made a formal investment offer nor proposed concrete financing for the…

From July 7 to 8, 2025, Daniel Mukoko Samba, Vice Prime Minister and Minister of National Economy, led a high-level economic mission to Abu Dhabi (United Arab Emirates). This initiative is part of the Congolese government’s strategy to diversify its economic partnerships and structurally transform its mining and energy sectors. At the end of this mission, two non-disclosure agreements were signed between NG9 Holding, a leading Emirati multisector conglomerate, and two Congolese companies: – KIPAY Energy, carrying an ambitious hydroelectric and solar project with a total capacity of 166 megawatts in the province of Haut-Katanga. The project aims to address…

As part of the promotion of sustainable solutions in the packaging sector, the Association of Packaging Professionals in Ivory Coast (APECI) organized an Afterwork on June 27, 2025 in Cocody on the theme: “Packaging at the heart of the circular economy”. This meeting is part of the dynamics of the “Packaging Elephants 2025” competition, which...

The African insurance sector has recorded nearly 100 bankruptcies of insurers and reinsurers in the past 25 years, reveals the 2025 edition of the Global Catalogue of Bankrupt Insurers, published by the Property and Casualty Insurance Compensation Corporation (PACICC). Between 2000 and 2024, 96 African insurance and reinsurance companies, representing 9.9% of the global total,...

Guaranty Trust Holding Company (GTCO), Nigeria’s leading financial institution in terms of market capitalization, reached a historic milestone on Wednesday, July 9, by listing on the London Stock Exchange (LSE). It is the very first Nigerian bank to be listed on the main market of the British financial center. The group, valued at over 2.9...

The China Development Bank (CDB) has granted a loan of 2.1 billion yuan (292.5 million USD) to the Southern African Development Bank (DBSA). The agreement was signed on Tuesday, July 8 in Rio de Janeiro, on the sidelines of the annual meeting of the BRICS interbank cooperation mechanism. This funding will support projects in strategic...

Old Mutual Life Assurance Kenya (OMLAK) has appointed Martin Karenju as Chief Executive Officer and Managing Director, effective July 1, 2025. This strategic decision marks a new phase of consolidation and growth for the insurer, a subsidiary of the pan-African group Old Mutual Limited. With over 17 years of experience in African markets, Martin Karenju...

Independent power producer Globeleq, based in Cape Town, and its partner African Rainbow Energy have finalized the financing for the Red Sands project, a 153 MW / 612 MWh battery energy storage system (BESS) located in the Northern Cape province. The project secured financing of 5.4 billion rand (300 million USD), provided by Absa Bank...

The Malian justice system has made a decision in an emblematic case. Bouaré Fily Sissoko, former Minister of Economy and Finance, was sentenced to ten years in prison in the case of the presidential Boeing and military equipment. This verdict concludes nearly two years of complex legal proceedings, with significant symbolic importance in the fight...

An important step towards opening up the northeast of the Democratic Republic of Congo was taken on Friday, July 4, 2025, with the signing of a $257 million concession contract. The agreement focuses on the rehabilitation and modernization of the Kisangani-Ubundu railway section, a strategic axis for national logistics. This partnership was concluded between the Congolese government and a consortium bringing together the South Korean company KECC and the Congolese company Masco Energies, with financial support from Equity BCDC bank. “We are happy to reach this milestone. With the feasibility studies completed and conclusive, we are now ready to enter…

Equatorial Coca-Cola Bottling Company (ECCBC) officially announced on July 8, 2025, the conclusion of a strategic agreement with Coca-Cola Beverages Africa (CCBA) and The Coca-Cola Company (TCCC) for the acquisition of two major entities: Voltic (GH) Limited and West African Refreshments Limited (WARL). Voltic, specialized in the water sector in Ghana, is a subsidiary of...

The International Monetary Fund (IMF) Board of Directors has approved a new disbursement of $367 million to Ghana, as part of the fourth review of the Extended Credit Facility agreement. This payment brings the total financing allocated to the country to about $2.3 billion since the beginning of the program, according to a statement released...

In June 2025, the inflation rate in Tunisia remained stable at 5.4%, according to data from the National Institute of Statistics (INS) based in Tunis. “This stability is explained, on the one hand, by the acceleration in the rate of increase in prices of the Restaurants, cafes and hotels group (11% in June 2025 compared...

The Confederation of African Football (CAF) and Danone, a leading player in nutrition in Africa, announce the signing of an agreement making Danone an Official Partner of the TotalEnergies CAF Africa Cup of Nations (CAN), Morocco 2025 and the TotalEnergies CAF Women’s Africa Cup of Nations (Women’s CAN), Morocco 2024, which will take place in July and December 2025. This partnership strengthens Danone’s commitment to promoting health through nutrition on the African continent, where sport and nutrition play an essential role at all ages of life. A concrete presence at the heart of the competitions Building on its legacy from…