Author: The Editorial Staff

As part of its strategy to combat inflation, the State of Gabon has agreed to the creation of a purchasing center called the “National Purchasing Center of Gabon (CEAG)”. The information was made public on August 12, 2025 by the government following the Council of Ministers held the same day under the chairmanship of the...

With 135,200 millionaires and 21 billionaires totaling nearly $2,500 billion in investable assets (2023 figures), Africa now represents a significant portion of global wealth – and the number of millionaires is expected to grow by 65% over the next ten years, according to the Africa Wealth Report 2024 by Henley & Partners/New World Wealth. Africa is witnessing the emergence of a new generation of fortunes, particularly thanks to booming sectors such as agro-industry, the financial sector, extractive industries, and digital technology. Faced with this unprecedented concentration of capital, a structural question arises: how can this wealth be transformed into sustainable…

Two executives of the African People’s Party – Ivory Coast (PPA-CI, opposition), including Lida Kouassi Moise, former Minister of Defense under Laurent Gbagbo, were brought before the Anti-Terrorism Section of the Abidjan Court on Monday, August 11, 2025. This measure follows acts of violence committed on August 1, 2025 in Yopougon, in the West of...

Statistics South Africa published data on Tuesday, August 12, highlighting an increase in the official unemployment rate. For the second quarter, the indicator rose to 33.2% at the end of June 2025, compared to 32.9% in March. Statistics South Africa notes in its publication that the number of unemployed people increased to 8.367 million in...

In a statement released on August 10, 2025, the African Refiners & Distributors Association (Arda) emphasizes that energy security is a vital imperative for the development of the continent. According to the pan-African organization for the downstream oil sector, energy sovereignty is not limited to infrastructure construction, but conditions the economic and social future of...

In a recent report, the African Development Bank (AfDB) reveals that in 2024, the volume of non-performing loans reached 205 billion CFA francs (around 357 million USD), up by 19.8% on an annual basis. The AfDB also reports that these loans now represent 10.2% of the total outstanding credits, compared to 8.6% in 2023. The...

During the African Caucus 2025 held in Bangui from July 31 to August 2, 2025, the Central African president, Faustin-Archange Touadéra, expressed his wish to see United Bank for Africa establish itself in the Central African Republic (CAR). This was during an audience granted to Tony Elumelu, CEO of the Nigerian group. The realization of...

Absa Bank Kenya PLC recorded a 9% increase in after-tax profit to 11.7 billion Kenyan shillings (79 million USD) for the first half of 2025, with a return on equity of 26.5%. Revenue stood at 31.5 billion KShs (213 million USD), slightly down due to lower interest rates, according to the bank’s financial report released...

As part of the Integrated Development and Development Program of the Dja Mining Loop (PADI-Dja), on August 12, 2025, the Cameroonian Minister of Economy, Planning and Regional Development (Minepat), Alamine Ousmane Mey, and the President of the Central African Development Bank (BDEAC), Dieudonné Evou Mekou, signed a financing agreement totaling 142.5 billion CFA francs (approximately...

The French mining group Eramet is adapting its strategy in Gabon in response to the new regulations announced by the Gabonese government, which plans to ban the export of raw manganese starting in January 2029. This legislative shift aims to encourage local processing of ores and strengthen national industrialization. In this context, Eramet announced on...

In its latest economic outlook on the country’s public debt, the Congolese Amortization Fund (CCA) informs that the Public Treasury must repay a debt of 1,072.6 billion CFA francs (1.9 billion USD) by the end of December 2025. “This amount represents the majority of the remaining annual effort, after a first part of the year...

Will this umpteenth attempt be successful? South Africa, trying to “bend” the United States, announced through its Minister of Trade, Parks Tau, that it will present a revised offer to Washington on Tuesday, August 12, as part of a trade agreement. The goal of this offensive is to reduce the 30% customs duty rate imposed...

In 2024, the net profit of insurance companies in Morocco increased by 2.9% to reach approximately €407 million, according to the 12th annual report on financial stability jointly published by Bank Al-Maghrib (BAM), the Insurance and Social Welfare Supervisory Authority (ACAPS) and the Moroccan Capital Market Authority (AMMC). This increase is the result of the...

Kenyan Minister of Transport, Davis Chirchir, announced on Monday, August 11, the issuance in September of a securitized bond of 175.75 billion Kenyan shillings (1.36 billion USD) on both local and international markets. This product will mainly be used for road construction, but will also be used to finance the expansion of Nairobi’s Jomo Kenyatta...

Beltone Financial Holding (BTFH) has released its consolidated results for the first half of 2025, showing a revenue of 6.3 billion EGP (approximately 130.49 million USD), up 115% year-on-year. Net profit amounted to 1.3 billion EGP (approximately 26.94 million USD), representing a 60% annual increase. The group’s total non-banking credit portfolio reached 34.8 billion EGP...

The Israeli strike that killed six journalists, including five linked to Al Jazeera, has reignited diplomatic tensions between Israel and the European Union. Reporters Without Borders (RSF) denounces a “targeted massacre” and calls for the suspension of the EU-Israel Association Agreement, a strategic trade partnership worth over 46 billion euros in annual exchanges. The attack,...

The President of the African Development Bank (AfDB), Akinwumi Adesina, and Ethiopian Airlines’ Chief Commercial Officer, Nesfin Tasew Bekele, signed a $500 million financing agreement on Monday, August 11 in Addis Ababa to support the construction of the new Ethiopian airport, a massive project estimated at $10 billion, with completion expected in 2029. Located in...

Nigeria maintains its opposition to welcoming people deported from the United States, said Kimiebi Ebienfa, spokesperson for the Nigerian Ministry of Foreign Affairs. He emphasized that the country, already facing heavy socio-economic challenges, could not take on an “additional burden.” In an interview with the Saturday Punch newspaper on August 9, Mr. Ebienfa insisted that no American pressure would persuade Abuja to accept certain deported foreigners, especially those coming directly from prison. “Even if other African countries do it, Nigeria will not accept them,” he said. This position contrasts with that of Rwanda, Eswatini, or South Sudan, which have recently…

A glimmer of hope for energy in the Democratic Republic of Congo. The American company Symbion Power LLC, based in New York, announced on Saturday, August 9, its intention to invest $700 million to convert methane gas from Lake Kivu into electricity on the Congolese side. The information was reported by the economic agency Bloomberg...

BNA Insurance will make its debut on the main market of the Tunis Stock Exchange on Thursday, August 14, 2025, marking an important milestone in its stock market journey. Previously listed on the over-the-counter market of the Tunis Stock Exchange (BVMT), the company is now joining compartment A through a direct listing. The operation concerns...

Tesla officially granted 96 million shares to its CEO, Elon Musk, on August 4, 2025, valued at an estimated $29 billion (€25.09 billion). The goal is to keep the founder at the helm of the company, despite a long legal saga surrounding his previous compensation plan. In January 2024, the Delaware Chancery Court had invalidated...

The conclusions of the webinar organized on August 12, 2025, by the ECOWAS Bank for Investment and Development (EBID) call for a strategic realignment of infrastructure financing. The institution aims to make private capital long peripheral the central driver of a catch-up plan estimated at over US$100 billion. In West Africa, the infrastructure gap is not just a matter of physical delay roads, ports, power grids but a major drag on productivity, competitiveness, and regional integration. Entitled “Financing Sustainable Infrastructure through Private Sector Mobilization”, the webinar brought together institutional investors, development bankers, and others. Experts analyzed the roadmap to turn…

The company Africa Global Logistics (AGL) formerly Bolloré Transports & Logistics Ivory Coast will pay its shareholders on August 29, 2025, for the 2024 financial year, a net total dividend of 5.008 billion CFA francs (9.014 million dollars), announced the leaders of this company based in Abidjan. Based on the 54,435,300 shares that make up...

At the end of a simultaneous auction of Treasury assimilable bills (BAT) of 364 days and assimilable Treasury bonds (OAT) of 3, 5 and 7 years organized on Tuesday, August 12, 2025 on the financial market of the West African Economic and Monetary Union (WAEMU), the Public Treasury of Burkina Faso collected a total amount...

The State of Togo, through its Public Treasury, successfully raised on August 11, 2025 from investors in the West African Monetary Union (UMOA) financial market a total of 33 billion CFA francs (59.4 million dollars) through an auction of 91-day Treasury bills. The issuer had put up for auction an amount of 30 billion CFA...

Business registrations of all types in Benin increased by 27.4% in March 2025 compared to the previous month, according to data from the National Institute of Statistics and Demography (INStaD) based in Cotonou. These registrations amounted to 2,554 compared to 2,004 in February 2025, representing an increase of 550 when adjusted for seasonal variations. The...

Moody’s Ratings has upgraded the Financial Strength Rating (IFSR) of Zambia-based Klapton Reinsurance Limited (KlaptonRe) from Caa2 to Caa1, with a stable outlook. According to the agency, this improvement is due to the rapid growth of the insurer’s activities and assets outside the country, reducing its exposure to the local operating environment and risks associated...

Egyptian Gulf Bank (EGBE) announced a consolidated net profit of 1.674 billion EGP (approximately 34.69 million USD) for the period from January 1 to June 30, 2025, compared to 1.297 billion EGP (approximately 26.88 million USD) a year earlier, representing a 28% increase. However, the standalone net profit stood at 938.85 million EGP (approximately 19.45...

Egyptian President Abdel Fattah Al-Sisi has renewed Mohamed Farid Saleh’s mandate as head of the Financial Regulatory Authority (FRA) for one year, starting from August 7, 2025. This is his fourth term in this key position for the Egyptian financial sector since his appointment in August 2022. Mohamed Farid holds several strategic positions: he is...

The pan-African banking group Ecobank expects to maintain a positive momentum in the second half of 2025, provided that no new global economic shock or increase in US tariffs hinders its progress, said its CEO Jeremy Awori in an interview with Reuters. In the first half of the year, the group based in Lomé (Togo)...