Author: The Editorial Staff

The West African Development Bank (BOAD) is strengthening its support to Burkina Faso with the approval of a loan of 5.9 billion CFA francs (approximately $10.5 million) for the continuation of work on the new international airport in Donsin, a flagship project for the opening up and modernization of Burkina Faso’s air transport. Located about...

Ghana is taking a new step in modernizing its agriculture. The government has indeed signed, with Italy, a financing agreement of 154 million euros aimed at supporting agricultural and climate resilience, as part of a comprehensive program for sustainable land development and enhancement. The agreement, concluded on the sidelines of the 8th edition of the...

The candidate of the Cameroonian opposition, Issa Tchiroma Bakary, proclaimed his victory in the presidential election of October 12 on Monday evening, calling on the outgoing president Paul Biya to recognize “the truth of the ballot boxes”. “Our victory is clear. It must be respected,” said Mr. Tchiroma in a message posted on his Facebook...

Gold Flirts with Historical Highs -Wednesday, October 8, 2025. Gold has crossed the $4,000/oz mark, strengthened by global macroeconomic uncertainty. The yellow metal has risen by 51% in one year and 135% in three years. One of the explanatory factors for this trend is the strong pressure from Donald Trump on the Fed governor to...

The government of Ivory Coast honored Barthélemy Kouamé, designated as the 2nd Laureate of the National Excellence Award in the category of Media Development. The distinction was presented this Wednesday by the Minister of Communication and government spokesperson, Amadou Coulibaly, during an official ceremony held in Abidjan, in the presence of several personalities from the media, culture, and economy sectors. This recognition celebrates the journey of a professional committed to promoting a free, ethical, and development-contributing press. Barthélemy Kouamé, an entrepreneur and journalist by training, has dedicated over two decades to structuring and enhancing the Ivorian and African media sector.…

Dakar, October 12, 2025 – The State of Senegal carried out, from September 22 to October 10, 2025, the closure of its third Public Call for Savings (APE) of the year, for a total amount mobilized of over 450 billion CFA francs, representing a coverage rate exceeding 150% compared to the initial target of 300...

By Leila Ben Hassen, member of the Financial Afrik Awards jury. “Africa’s oceans are not just geographical boundaries – they are economic lungs, climate shields, and engines of transformation.” With over 30,000 kilometers of coastline and some of the richest marine ecosystems on the planet, Africa possesses exceptional natural capital. However, vision alone is not enough to unlock this potential. What the continent needs today is blue finance, this catalytic capital capable of transforming maritime opportunities into sustainable, investable, and resilient growth. What is blue finance – and why now? Blue finance encompasses financial instruments and investments aimed at supporting…

The 2022-2023 general report of the Court of Auditors was submitted to the Mauritanian Head of State on October 8, 2025, by the President of the Court of Auditors, Mr. Hemid Ould Ahmed Taleb. The document, a copy of which was obtained by Financial Afrik, paints a stark picture of the management of public affairs...

Antananarivo is in turmoil on October 11, 2025, with some of the largest demonstrations since the start of the uprising by young members of the “Gen Z” collective. In the morning of this Saturday, soldiers from the CAPSAT camp in Soanierana, under the command of Colonel Michaël Andrianirina, announced that they were “standing on the...

Attijariwafa Bank has announced the appointment of Daouda Coulibaly as Regional Director for West Africa. This designation is part of the strengthening of the regional governance of the Moroccan banking group, which is present in around twenty countries on the continent. Mr. Coulibaly, who has been the General Manager of Attijari West Africa (AWA) since 2021, will retain his current responsibilities while taking on his new regional coordination duties. He is also the Deputy General Manager and a member of the group’s Coordination and Synergies Committee. The new organization aims to accelerate the development of Attijariwafa Bank’s activities in West…

Dakar, October 9, 2025 – On the sidelines of the Invest in Senegal Forum and under the chairmanship of Mr. Birame Souleye Diop, Minister of Energy, Petroleum and Mines, the Sovereign Strategic Investment Fund of Senegal (FONSIS) held a roundtable on the financing of the Renewable Energy and Energy Efficiency Fund (REEF), a major lever for financing the energy transition. Developed by FONSIS in collaboration with the Africa Climate Foundation (ACF) and the Global Green Growth Institute (GGGI), the Senegal Green Energy Fund aims to catalyze private sector investments in support of green growth and energy sovereignty of Senegal and…

Addis Ababa, October 9, 2025 (ENA) – Ethiopian Airlines has reached a major economic milestone by officially launching the shipment of goods under the African Continental Free Trade Area (AfCFTA). The first batch of products – including meat, fruits, and various agricultural products – has been shipped to Somalia, Kenya, and South Africa, by land...

The West African Development Bank (BOAD) has reached a decisive milestone by successfully issuing a historic €1 billion bond with a 15-year maturity on the international financial market – a record for an African multilateral development bank. This operation, led by a syndicate composed of BNP Paribas, JP Morgan, Natixis, and SMBC, was met with...

Dakar, October 2025 – On the sidelines of the Invest in Senegal 2025 Forum held in the Senegalese capital, Haytham El Maayergi, Executive Vice President of Afreximbank in charge of the Global Trade Bank, praised the strength of the business climate in Senegal. According to this experienced banker, “Senegal is an attractive destination for investment.” Stability, security, and regulatory clarity: the keys to attractiveness According to Mr. El Maayergi, Senegal has several decisive advantages for international investors. “Stability and security are essential parameters for any investor,” he emphasizes, adding that the clarity of the regulatory framework enhances the confidence of…

By partnering with the Islamic Bank of Senegal (BIS), the International Finance Corporation (IFC), a member of the World Bank Group, signed its first Islamic financing in sub-Saharan Africa on Tuesday, October 7. This milestone marks a significant progress for financial inclusion and strengthening support for micro, small and medium enterprises (MSMEs), which are true...

The Invest in Senegal 2025 Forum (FII Senegal) opened on Tuesday, October 7th at the Abdou Diouf International Conference Center (CICAD), under the high patronage of President Bassirou Diomaye Faye. With the ambition of making Senegal a flagship destination for foreign capital, the event brings together heads of state, international investors, and private sector actors...

Insights on the Yakaar project Dakar, October 8, 2025. Saudi Arabia confirms its strong comeback on the Senegalese energy scene with an estimated investment of $2 billion, formalized on the sidelines of the Invest in Senegal 2025 Forum. The Kingdom’s delegation was led by His Excellency Engineer Khalid A. Al-Falih, Minister of Investment and former...

The United Kingdom will host the 17th session of announcements of contributions to the African Development Fund (ADF) in December, marking a strong political step in the 2026-2028 cycle of the concessional window of the African Development Bank (AfDB) Group.A signal of the expected return from a historical contributor, which, after years of budgetary caution, reshuffles the cards of international solidarity in favor of African development. The announcement, made by Baroness Jenny Chapman, British Minister of State for Development and Africa, following a meeting with Sidi Ould Tah, President of the AfDB Group, on the sidelines of the United Nations…

As emerging markets worldwide continue to face financial difficulties, the spotlight will once again be on the $100 billion annual trade finance deficit in Africa. To help bridge this gap, Afreximbank will host the 25th edition of its flagship Trade Finance Seminar (ATFS2025) in Abidjan from November 4th to 6th, 2025. Discussions will explore innovative financing structures designed to unlock new trade opportunities, with a focus on supporting small and medium-sized enterprises (SMEs), which represent over 90% of businesses on the continent but remain underserved by traditional banks. A one-day factoring workshop will follow on November 7th, 2025. ATFS2025 will…

Organizer of the AfroGlobal Connect Forum, Thione Niang sees Guinea as more than just a country undergoing reconstruction: it is a symbol of African rebirth. In this exclusive interview with Financial Afrik, the entrepreneur and founder of AfroGlobal Connect shares his deep conviction: Guinea is ready to embody the awakening of a giant, at the crossroads of political ambition, youth, and human capital. Interview by Dia El Hadji Ibrahima ⸻ Financial Afrik: You traveled through several continents before launching AfroGlobal Connect. How did this initiative come about? Thione Niang: After a long journey through 17 countries in America, Europe, Asia,…

From October 9 to 12, 2025, Brussels will host the 11th edition of the Rebranding Africa Forum (RAF), dedicated to a future theme: “The challenges of artificial intelligence for Africa”. A subject that places the continent at the heart of major global economic and technological transformations. The opening will be marked by the President of Cape Verde, José Maria Neves, a supporter of a digital Africa, and Paule Renée Etogo-Ebongué, CEO of RAF, will remind the forum’s mission: to change the narrative about Africa by highlighting its innovation potential. Another highlight: Dr. Georges A. Donkor, President of the ECOWAS Investment…

Lomé, October 3, 2025 – The Central Bank of West African States (BCEAO) has updated the list of financial institutions authorized to offer services of the Instant Payment Interbank Platform (PI-SPI) to the public. This update confirms the growing importance of the digital payment ecosystem in the Union, with 62 institutions spread across the eight member countries. A progressive and balanced expansion throughout the Union Senegal leads with 15 participants, followed by Ivory Coast (13) and Mali (8). Burkina Faso has 7 institutions, Togo 6, Benin 5, and finally Guinea-Bissau and Niger with 4 each.This distribution illustrates BCEAO’s commitment to…

An important delegation from the Kingdom of Saudi Arabia, the guest of honor, led by His Excellency Eng. Khalid A. Al-Falih, Minister of Investment, is expected tonight in Dakar to participate in the meeting Invest in Senegal. Composed of 51 companies from strategic sectors – petrochemicals, energy, oil and gas infrastructure, technologies, and logistics –...

Abidjan, October 6, 2025 — Thunder in the Ivorian mining sector. The pan-African conglomerate Atlantic Group, led by Koné Dossongui, has announced the signing of an agreement with Barrick Mining Corporation for the acquisition of the Tongon gold mine, located in the north of Ivory Coast, as well as several adjacent exploration permits. This historic...

A few days before the opening of the Invest in Senegal 2025 Forum, scheduled for October 7th and 8th in Dakar, the World Bank Group is preparing a show of strength. Behind the institutional staging, the objective is clear: to reaffirm the centrality of Senegal in the financing strategy for development in West Africa, through...

Parakou resonated this Saturday with songs and cheers from supporters who came to witness the inauguration of the presidential duo supported by the movement. Amidst the enthusiastic applause, Romuald Wadagni was officially designated as a candidate, alongside Mariam Chabi Talata, the current Vice President of the Republic. From the first minutes of his speech, the tone was marked by his sincerity and personal connection. The current Minister of Economy and Finance, sometimes perceived as a reserved technocrat, chose to share his story, recalling his childhood memories in the city of Kobourou: “As a child, I accompanied my father, who was…

MBTP SA is establishing itself as a key player in the construction sector in the Democratic Republic of the Congo with the recent delivery of two major projects, notably the new headquarters of the Constitutional Court and the completion of the Raxio data center in Kinshasa. These achievements, inaugurated last June, demonstrate the company’s ability to successfully complete large-scale projects within respected deadlines and according to the most demanding international standards. The new building of the Constitutional Court, a pyramid-shaped structure inspired by the Nyiragongo volcano, is an exceptional work. Located on Place Royale in the Gombe commune, this building…

The Senegalese tax system has been the victim of a major cyber-attack claimed by a criminal group, Black Shrantac, which announces that they have stolen 1 TB of sensitive data related to the country’s finances and administration. This data was extracted from the General Directorate of Taxes and Domains (DGID), a key organization in Senegal’s...

Faced with the controversies sparked by the so-called “migrant crisis”, Mauritanian writer Mbarek Beyrouk, known for his novels imbued with memory and humanity, wanted to emphasize a truth that he considers fundamental: Mauritania has never stopped being a land of welcome. Through his work, Beyrouk has often explored the invisible boundaries that divide men and societies, the fractures of the desert, and the buried solidarities in history. In the same vein, he now reminds that the criticisms directed at his country are, in his opinion, unjustified and disconnected from the tradition of hospitality that is at the core of the…

Djeddah – Kampala, October 2, 2025 – The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group (IsDB), has successfully disbursed a financing of 30 million US dollars to Uganda Development Bank Limited (UDBL). This strategic financing marks ICD’s first financing operation in Uganda and the East Africa region, representing a significant step in its efforts to support the development of the private sector in its sub-Saharan African member countries. Structured as a Murabaha of commodities, ICD’s financing is expected to enable local small and medium-sized enterprises (SMEs) to access medium…