Author: The Editorial Staff

In a joint statement released on June 24, 2025, the BRICS countries (Brazil, Russia, India, China, South Africa, as well as the new expanded members) strongly condemned the recent military attacks against the Islamic Republic of Iran. The statement, issued by the Brazilian Ministry of Foreign Affairs, considers these strikes a violation of international law...

The International Finance Corporation (IFC), a branch of the World Bank Group dedicated to the private sector, has granted a loan of 3.7 billion dirhams (approximately 370 million euros) to the Maroc Telecom group. This long-term financing aims to improve mobile connectivity and internet quality in the operator’s subsidiaries in Chad and Mali, according to...

Cotonou, June 24, 2025 – The Institute for Inclusive Digital Africa (IIDIA) and the Agency for Information Systems and Digital (ASIN) today launched the Regional Laboratory of Innovation and Digital Technologies in Cotonou, with a groundbreaking inaugural project: the development of the first voice-to-voice artificial intelligence model in the Fon language. Conceived as a true turning point in terms of digital sovereignty, this innovation aims to remove a massive barrier to digital inclusion: the language barrier. In West Africa, where more than 1,000 languages coexist, digital services are mainly aimed at French or English speakers. The Fon language, spoken by…

Nigerian group Access Bank PLC has completed the acquisition of Standard Chartered Bank’s retail banking and wealth management operations in Tanzania. This transaction, formalized on June 20, 2025, is part of a broader strategic repositioning of the British bank, initiated in 2022, aimed at exiting certain non-priority markets. The divestiture is part of the disinvestment...

Mali and Russia have taken a new step in strengthening their bilateral relations by signing several economic and commercial cooperation agreements in Moscow on Monday, June 23, during a meeting between Russian President Vladimir Putin and the Malian transitional president, Colonel Assimi Goïta. According to a statement from the Kremlin, the two heads of state had in-depth discussions that led to the conclusion of several strategic partnerships, including a cooperation agreement in the field of nuclear energy. This initiative demonstrates a common desire to expand cooperation in key and sensitive sectors. Among other commitments is the creation of an intergovernmental…

Djiboutian President Ismaïl Omar Guelleh officially inaugurated, on Monday, June 23, the new headquarters of the Ministry of Energy, responsible for Natural Resources. Erected in the heart of the Serpent Plateau, on the site of the old Djibouti train station, this brand new complex marks a major turning point in the modernization of the country’s administrative infrastructure. Funded entirely by the Republic of Djibouti, the project mobilized an estimated budget of 4.8 billion Djiboutian francs (approximately 27 million US dollars) and required two years of work. Designed with the technical expertise of the China Communication Construction Company (CCCC), this construction…

Senegal is facing a sharp increase in its public debt, exacerbated by a decrease in external financing, a significant rise in debt service, and increased pressure on public finances. The situation is causing serious concerns both nationally and internationally, especially with the International Monetary Fund (IMF). According to official figures, by the end of the...

Fitch Solutions warns of the vulnerability of the Ghanaian economy to a possible decrease in global gold prices. This situation would significantly weaken the country’s international reserves and destabilize the cedi, reinforcing the risks of inflation and economic slowdown in this West African country. As the leading African producer and one of the main producers...

The net banking income (NBI) of Bank Of Africa (BOA) Senegal, a subsidiary of the Moroccan banking group BMCE Bank, recorded a 2.36% increase at the end of the first quarter of 2025 compared to the same period in 2024, announced the leaders of this banking institution based in Dakar. According to the bank’s activity...

In Mali, Barrick Mining’s office in Bamako reopened on Monday, June 23, after several months of closure due to a tax dispute. The site’s administration is now being handled by a judicial administrator appointed by the court, as part of a procedure triggered by accusations of non-payment of taxes. This resumption follows a judicial decision...

The Morocco Telecom group has announced the successful completion of its first private bond issue, raising an amount of 3 billion dirhams (approximately 272.7 million euros) on the Moroccan market. This operation is part of the group’s financial transformation and optimization strategy, according to a statement released on Monday, June 23. The main objective is...

AfricInvest has realized the first exit of its flagship fund, AfricInvest Fund IV, with a size of $411 million, by selling its stake in AFG Holding, a pan-African banking group based in Ivory Coast. According to the pan-African private equity manager, this investment, completed in the second quarter of 2025, marks a key milestone in...

AfricInvest has achieved the first exit of its flagship fund, AfricInvest Fund IV, with a size of 411 million USD, by selling its stake in AFG Holding, a pan-African banking group based in Ivory Coast. According to the pan-African private equity manager, this investment, finalized in the second quarter of 2025, marks a key milestone...

Fitch Ratings maintained Gabon’s sovereign rating at CCC on June 20, 2025, reflecting a perceived high level of risk. According to Fitch, this decision is explained by the country’s persistent dependence on volatile oil revenues, challenges in public finance management, and limited access to external and regional financing. However, this evaluation comes in the context of a successful political transition and economic measures that Gabonese authorities believe have not been adequately taken into account. Reasons given by Fitch Ratings The agency highlights that, despite a per capita GDP relatively higher than some peers rated in the same category, Gabon faces…

Embed Financial Group Holdings (EFGH), an insurtech company based in Singapore, has appointed Eric Mboma as the Chief Executive Officer for Africa, a decision that marks a key milestone in the company’s expansion strategy on the African continent. With the appointment of Eric Mboma, the group aims to accelerate its impact and distribution strategy through new strategic partnerships across its four markets on the continent, including Botswana, Zimbabwe, South Africa, and Nigeria. “Thanks to his knowledge and abilities, EFGH will be on track to accelerate its expansion, as well as its intention to ‘democratize finance’,” said Dennis Ng, the group’s…

During his official visit to China, which began on June 22, 2025, Senegalese Prime Minister Ousmane Sonko signed a series of strategic agreements that mark a turning point in Senegal’s ambition to modernize its transportation system. These agreements, made with Chinese public and private partners, are part of the Hangzhou Economic Forum and reflect a clear desire to accelerate the country’s energy and industrial transition. At the heart of these commitments is a tripartite partnership between the Land Transport Development Fund (FDTT), the Urban Transport Financing Association (AFTU), and China Africa Investment and Development (CAID). Together, these entities will launch…

The Egyptian giant Valu, a subsidiary of EFG Holding, is now listed on the Egyptian Stock Exchange (EGX), becoming the first consumer credit company to enter the market, as announced in a press release on Monday, June 23. EFG Holding completed this operation through a distribution of dividends in kind. A 20.49% stake in the capital was indeed distributed to shareholders, funded by undistributed profits, at a rate of one Valu share for every 3.33 EFG Holding shares. The operation is valued at approximately 7.13 million USD (335 million EGP). “The listing conditions have been met, particularly in terms of…

Former Zimbabwean swimmer Kirsty Coventry officially took the reins of the International Olympic Committee (IOC) on Monday, June 23 in Lausanne, becoming the first woman to lead the world’s most influential sports organization. At 41, she begins an eight-year term at the head of the institution, which she knows well having climbed the various ranks...

Gabonese President Brice Oligui Nguema officially announced, in a video statement broadcast on Sunday, June 22, the imminent launch of his own political party. The event is scheduled for June 28 during a gathering at the Palais des Sports in Libreville. This initiative comes a little over two months after his victory in the presidential...

Beltone Leasing & Factoring, an Egyptian subsidiary of Beltone Holding, has secured a financing of 20 million USD from two impact funds managed by the German investor Finance in Motion: the SANAD Fund for MSMEs and the Green Growth Fund (GGF). The financing is evenly split between the two funds, each providing 10 million USD...

In Tunisia, former President Moncef Marzouki has been sentenced in absentia to 22 years in prison, announced the specialized criminal chamber for terrorism cases at the Tunis Court of First Instance on Friday, June 20. This sentence, with immediate effect, also targets his former advisor Imed Daïmi and the former head of the bar association, Abderrazak Kilani. All three are accused of allegedly endangering state security. This judicial decision marks Marzouki’s third conviction. The former president had already been sentenced to eight years in prison in 2023, and an additional four years in previous cases. Since his exile in Paris,…

The Democratic Republic of Congo has opened a new era in its cooperation with international development partners. This Saturday, June 21 in Kinshasa, the Congolese Minister of Finance, Doudou Fwamba Likunde Li-Botayi, signed a series of financing agreements with Albert Zeufack, World Bank Director of Operations for the DRC. These new financial commitments, totaling nearly 2 billion US dollars, aim to strengthen the country’s capacities in key sectors such as energy, governance, infrastructure, digitalization, and resilience to growing urban challenges. Among the projects involved is the development of the Inga 3 hydroelectric site, a large-scale continental project set to transform…

Australian company West Wits Mining has raised approximately $9.6 million to finance the launch of its gold project Qala Shallows, located in the Witwatersrand Basin, one of the most prolific gold deposits in the world. The Qala Shallows project, the first phase of the Witwatersrand Basin Project (WBP), located in northeastern South Africa near Johannesburg,...

The board of the Regulatory and Control Authority for the Markets of Strategic Mineral Substances (ARECOMS) announced on June 21, 2025, the extension of the temporary suspension of cobalt exports in the Democratic Republic of Congo (DRC). This measure applies to all forms of exploitation, whether industrial, semi-industrial, or small-scale or artisanal. This is an...

Kenya has become the fourth largest beneficiary of project financing from the African Development Bank (AfDB) in a single year. Nairobi has surpassed five countries to reach this rank in terms of development financing in 2024. William Ruto’s country is behind South Africa, Morocco, and Nigeria in terms of funding granted by the AfDB in...

The energy transition in Zambia takes a major step forward with the signing of a $26.5 million financing agreement for the development of the 32 MWc Ilute solar project in the west of the country. This project will be implemented by an Independent Power Producer (IPP) under an innovative model that aims to mobilize private...

The Democratic Republic of Congo (DRC) and Uganda have signed a new memorandum of understanding to continue and strengthen their military cooperation against armed groups active in eastern DRC. The agreement, signed on Friday, June 20, aims to intensify the joint operation “Shujaa,” launched in November 2021 to combat rebels from the Allied Democratic Forces...

A shockwave is hitting the global aviation industry. Qatar, Bahrain, Iraq, Kuwait, and the United Arab Emirates simultaneously announced on Monday, June 23, the temporary closure of their airspace to all civilian traffic. This unprecedented measure plunges the international air transport into a crisis situation unprecedented since the Covid-19 pandemic. At the origin of this chain reaction, an attack of Iranian missiles targeting the American airbase of Al Udeid in Qatar – the largest US military installation in the Middle East. Six projectiles were fired in the night, in retaliation for American strikes targeting Iranian nuclear facilities in Fordo, Natanz,…

According to an exclusive report from The Research Insights, a platform for research and data information and analysis, the global market for humanoid robots is expected to experience unprecedented growth, increasing from $1.81 billion in 2025 to $4.04 billion in 2030, with a compound annual growth rate (CAGR) of 17.5%. This rapid progression will be supported by increasing demand for intelligent automation, advancements in artificial intelligence technologies, and a shortage of skilled labor in several key sectors, as stated in the 210-page document. A market driven by AI, cloud, and security needs The market growth is attributed to a series…

Kenya is in advanced negotiations with China to raise 358 billion shillings (approximately $2.77 billion) on the Chinese financial markets to finance the resumption of the standard gauge railway (SGR) project between Naivasha and Malaba, at the Ugandan border. The financing would involve the issuance of a Panda Bond, a yuan-denominated bond issued by a foreign country and sold on the Chinese market. China, already the main financial partner for the first two phases of the SGR (Mombasa-Nairobi and Nairobi-Naivasha), would once again play a key role through this new bond issuance structure. Two Kenyan Treasury officials are currently in…