Author: The Editorial Staff

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)...

In the first semester of 2025, Madagascar saw a 10.8% decrease in its exports, according to a recent report from the country’s central bank. Vanilla, the main export product, was particularly affected with a 29.2% drop, due to a 29.4% decrease in volumes, as a result of an oversupply following an exceptional harvest in 2024....

The Federal Inland Revenue Service (FIRS), the central tax authority of Nigeria, which plays a crucial role in revenue mobilization, modernization of tax administration, and support for national economic policies, has deployed a national electronic invoicing system called Merchant-Buyer Solution (MBS). This launch, following a pilot phase started in November 2024, marks a major step...

The Reserve Bank of Zimbabwe is now encouraging banks to reduce their effective statutory reserves to 15%, in order to ease liquidity and stimulate lending, even as the country faces a severe financial crisis. Currently, reserve requirements can reach 30%, forcing banks to hold onto a large portion of unused deposits and limiting their ability...

Of the 13.115 trillion CFA francs (22.7 billion USD) of direct debt of the central government, corresponding to 40% of Cameroon’s Gross Domestic Product (GDP) in the first half of 2025, 64.9%, or 8.512 trillion CFA francs (approximately 14.8 billion USD), comes from external loans. This announcement was made by the Autonomous Amortization Fund (CAA)...

The Moroccan government presented, on Friday, August 8, the framework of the draft budget law (PLF) for 2026, setting an ambitious course: to increase growth to 4.5%, contain the budget deficit to 3% of GDP, and stabilize public debt at 65.8%, while reducing social and territorial inequalities. This budget, which the executive wants to be...

Thousands of opponents took to the streets of Abidjan to say “No to a fourth term!” for President Alassane Ouattara, less than three months before the presidential election scheduled for October 25. While the demonstration, organized by the Democratic Party of Ivory Coast (PDCI) and the African Peoples Party-Ivory Coast (PPA-CI), took place peacefully, it...

President Bola Tinubu has signed the 2025 Insurance Sector Reform Act in Nigeria (NIIRA), ushering in a new phase of modernization after over twenty years of implementing the 2003 law. The reforms have been praised by various stakeholders, who see it as an opportunity to boost an industry that has a weak market penetration. Following...

Former Chadian Prime Minister and opposition leader Succès Masra was sentenced on August 9, 2025, to 20 years in prison and to pay one billion CFA francs in damages to the State. The court found him guilty of “spreading messages with racist and xenophobic content”, “criminal association” related to the intercommunal conflict in Mandakao, as...

Following a 48-hour visit to Niamey for friendship and work, Chadian President Mahamat Idriss Déby Itno and his Nigerien counterpart Abdourahamane Tiani announced, in a joint statement published on Thursday, August 7, their intention to strengthen their cooperation in the areas of security, economy, and commerce. On the security front, the two heads of state...

Suez Canal Bank recorded a strong increase in net profit after taxes of 70.56%, reaching approximately $102.8 million (3.083 billion EGP) in the first half of 2025, compared to $60.2 million (1.807 billion EGP) in the same period in 2024. This information was contained in financial statements published by the bank. Meanwhile, net interest income...

The African Reinsurance Corporation (Africa Re) has launched a new index-based livestock insurance (IBLI) product in Nigeria in partnership with the Livestock Productivity and Resilience Support Project (L-PRES). This coverage aims to protect livestock farmers against losses related to drought and pasture degradation. Based on a parametric approach, the product uses satellite data to monitor...

Infinity Power has won a contract to build two photovoltaic solar power plants in Côte d’Ivoire, aimed at providing clean and affordable electricity to over 400,000 households, schools, hospitals, and businesses, especially in remote areas. According to a joint statement released on Thursday, August 8, the joint venture formed by Infinity (Egypt) and Masdar (United...

Starting from Thursday, August 7, 2025, South African products exported to the United States will be subject to a 30% customs duty, the highest rate applied to an African country. Pretoria denounces a “punitive” action related to its pro-Brics geopolitical positioning. This measure concerns sectors such as automotive, textile, agriculture, among others, which were previously...