Author: The Editorial Staff

Abuja, June 25, 2025 – The Pan-African Payment and Settlement System (PAPSS), a flagship initiative of Afreximbank in partnership with the African Union Commission and the AfCFTA Secretariat, has reached a major milestone with the official launch of the African Currency Marketplace, a unique platform designed to streamline cross-border payments in local currencies across Africa. Named African Currency Marketplace, this new feature aims to eliminate reliance on strong currencies (such as the dollar or euro) in trade between African countries. The principle: allow a transaction to initiate in a local currency and end in another, without intermediate conversion into a…

Abuja, June 25, 2025 – The Pan-African Payment and Settlement System (PAPSS), a flagship initiative of Afreximbank in partnership with the African Union Commission and the AfCFTA Secretariat, has reached a major milestone with the official launch of the African Currency Marketplace, a groundbreaking platform designed to streamline cross-border payments in local currencies across Africa. Named the African Currency Marketplace, this new feature aims to eliminate dependence on strong currencies (such as the dollar or euro) in commercial exchanges between African countries. The principle: allow a transaction to initiate in a local currency and conclude in another, without intermediate conversion…

Egypt has relaunched its sovereign sukuk issuance program on international markets with a new $1 billion operation, the Ministry of Finance announced in a statement released on Wednesday, June 25. This second issuance, compliant with sharia law, offers an annual yield of 7.875% and matures in three years. It was carried out as a private...

The World Bank has approved a concessional financing of $115 million for Senegal, aimed at supporting its budget reform efforts, improving public financial management, and strengthening domestic resource mobilization. The announcement was made in a statement released on Tuesday, June 24. This financing, provided by the International Development Association (IDA), consists of two components, including...

The Africa Finance Corporation (AFC) announced on Tuesday, June 24, the official entry of the Republic of Angola into its capital as a sovereign shareholder, through a strategic investment of $184.8 million. This operation will strengthen the partnership between Angola and the pan-African institution specializing in infrastructure financing and demonstrates the country’s confidence in the AFC’s mission: to catalyze sustainable development and regional integration through structuring projects. Already a member of the AFC since 2022, Angola is thus taking a new step in its collaboration with the Company. This new capital contribution is part of a continental dynamic aimed at…

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new natural gas exploration blocks to several international companies, with a total estimated investment of $245 million. The announcement was made on Wednesday, June 25 by the Ministry of Petroleum and Mineral Resources, following the international bidding campaign launched through the Egypt Upstream Gateway (EUG)...

Burundi has officially commissioned the Jiji hydroelectric power plant, located in the province of Bururi. With a capacity of 49.5 megawatts once fully completed with the twin Mulembwe plant, this strategic project marks a major step towards the country’s energy self-sufficiency. The project is co-financed to the tune of $320 million by the African Development...

During its second quarterly meeting of the year 2025, held on Tuesday, June 24, the Council of Bank Al-Maghrib (BAM) decided to keep its key rate unchanged at 2.25%. This decision comes in an international context marked by high uncertainty related to geopolitical tensions and the new trade policies of the United States, which continue...

The Shelter Afrique Development Bank (ShafDB) has signed a $15 million loan agreement with the Mauritanian Investment Bank (BMI) to support the construction of affordable housing in Mauritania. This agreement, signed in Nouakchott, is intended to co-finance the construction of 1,000 housing units in the mining town of Zouératt in northern Mauritania, as well as...

Nigeria and Brazil signed a one billion dollar agreement on Tuesday, June 24, aimed at strengthening their cooperation in several strategic sectors, including agriculture, food security, energy, and defense. The announcement was made at the opening of the second Nigeria-Brazil Strategic Dialogue Mechanism in Abuja by Nigerian Vice President Kashim Shettima. At the heart of...

Uganda has dethroned Ethiopia to become the top coffee exporter in Africa, according to an announcement from the Ugandan Ministry of Agriculture, Animal Industry and Fisheries published on Tuesday, June 24. In May 2025, the country shipped 793,445 bags of 60 kg coffee, totaling 47,606.7 tons, generating record revenues of $243 million. This performance marks...

TIB Development Bank, a government-owned development bank in Tanzania, has secured a concessional loan of 30 billion Tanzanian shillings (11 million USD) from the East African Development Bank (EADB) to support small and medium-sized enterprises (SMEs). This financing is intended to provide preferential loans, with repayment periods of up to 15 years. This loan is...

Abuja, June 25, 2025 – The African Export-Import Bank (Afreximbank) opened its 32nd Annual Meetings (AAM2025) in the Nigerian capital Abuja on Wednesday, June 25. A major event, focused on African trade integration, bringing together over 6,000 participants, including heads of state, ministers, leaders of financial institutions, businessmen, billionaires, and hundreds of journalists from across the continent. The historical role of the institution in developing the continent’s financial infrastructure and promoting intra-African trade was highlighted by various speakers. Speaking, Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), recalled Afreximbank’s spectacular rise: “Established in 1993 with an initial capital…

The revenue and donations of the general budget mobilized by the State of Senegal as of March 31, 2025 amounted to 1,027.82 billion CFA francs (1.85 billion dollars), representing an execution rate of 21.44% of the initial Budget Law (LFI) forecasts, according to the budget execution report for the first quarter of 2025 released by...

The State of Ivory Coast, through its Public Treasury, raised on June 24, 2025 on the financial market of the West African Monetary Union (UMOA) an amount of 71.499 billion CFA francs (128.698 million dollars) through a simultaneous auction of Treasury assimilable bonds (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT)...

During the third edition of the Finance Week organized in Douala by EcoMatin, the Cameroonian group Prometal was praised for its exceptional trajectory in the industrial landscape of Central Africa. Two awards were presented to them: the Industrial Investment Leadership Award in the CEMAC zone for the year 2024, and the Industrial Leadership Award in Cameroon, given to its CEO, Hayssam El Jammal. A double recognition for a group that has made Cameroon a regional pillar in the steel transformation. An industrial strategy on a regional scale The first award crowns an ambitious industrial expansion strategy. In 2024, Prometal strengthened…

Coris Bank International (CBI) shareholders will receive a net global dividend of 17.76 billion FCFA (32 million dollars) on July 7, 2025, for the 2024 financial year, announced the leaders of this bank based in Ouagadougou. With 32 million shares making up the Bank’s share capital, the net dividend per share amounts to 555 FCFA compared to 790 FCFA in 2023, representing a decrease of 235 FCFA. Compared to its price of 10,290 FCFA on Tuesday, June 24, 2025, on the Regional Stock Exchange (BRVM) where CBI is listed, CBI’s stock has a yield of 5.39%. At the end of…

In a context where more than 400 million Africans remain outside formal financial services, despite the rise of fintechs and mobile phone usage, the AfricaNenda Foundation and the Nigeria Inter-Bank Settlement System (NIBSS, the technical arm of the payment infrastructure in Nigeria jointly owned by commercial banks and the Central Bank) have made a strong...

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...