Author: The Editorial Staff

Driven by a combination of favorable macroeconomic factors – controlled disinflation, lower interest rates, strong investment recovery, and increased liquidity – the Casablanca Stock Exchange closes the year 2025 with a historic performance. The MASI index increases by 25%, market capitalization surpasses the symbolic threshold of 1,000 billion dirhams for the first time, and IPOs...

By Thierno Seydou Nourou Sy, Founder and President of Nourou Financial Consulting Dakar – Senegal. The proposed sale of Société Générale France’s shares in Société Générale Senegal, as well as the potential decision of the Senegalese government to exercise its pre-emption right, must be rigorously analyzed beyond emotional reactions and strictly political readings. This operation is part of a global dynamic of restructuring the international banking sector and centrally raises the question of the financial sovereignty of African economies. For a country like Senegal, the stakes go far beyond simply taking over a banking asset. It involves the structuring of…

As every year comes to an end, Financial Afrik unveils its list of the 100 personalities who are transforming Africa, a ranking that has become a pan-African reference. The 126th issue of Financial Afrik, available online since December 15th, reflects the diversity of profiles, destinies, and inspirations that all share the transformative impact of creating jobs and prosperity. For this edition, the Financial Afrik Awards event will take place on January 22nd and 23rd in The Gambia, at the heart of a regional dynamic full of opportunities and renewed ambitions. The selection process for the FAA winners is based on…

The 2025 stock market year in Africa does not lend itself to quick readings. The raw comparison of indices, without distinction between stock performance, exchange rate effect, and position in the macroeconomic cycle, inevitably leads to misunderstandings. This is precisely what the cross-analysis of performances expressed in dollars, euros, and local currency reveals. Expressed in...

Announced by Prime Minister Ousmane Sonko on December 11th, the decrease in electricity prices will take effect from January 1st, 2026, according to the Regulatory Council of the Energy Sector Regulation Commission (CRSE). According to the same source, this decrease will mainly affect low-income households whose consumption generally falls within the range (from 0 to...

L’Archer Securities, a subsidiary of the L’Archer Group, stands out in the brokers and asset managers category, confirming its growing role in the financial markets of the CEMAC zone. Led by Gilles Tchamba, the L’Archer Group continued its trajectory of sustained growth in 2025, driven in particular by the increasing strength of its historical subsidiary. L’Archer Securities reached a strategic milestone with over 3,000 billion CFA francs raised in the capital markets since 2020 under the impetus of the L’Archer Group, a result that reflects the confidence of issuers and investors. Throughout the year, the company strengthened its position through…

The Central Bank of Egypt and Afreximbank have taken a major step in structuring the African gold economy with the signing, on December 30, 2025 in Cairo, of a memorandum of understanding establishing a pan-African gold bank program. This strategic initiative aims to formalize the gold value chains on the continent, strengthen the reserves of...

Widely circulated in the financial market, an official document from the Cameroonian Ministry of Finance confirms the suspension, for the months of November and December 2025, of automatic debits in favor of the Road Maintenance Fund (FER), a measure intended to allow the public Treasury to cope with immediate cash flow tensions. Dated November 11,...

The Mauritanian private company Global Aviation is getting closer to its official entry into the Senegalese aviation market. Engaged for nearly three years in the process of obtaining its operating authorization, the company reached a decisive milestone with the completion, on Friday, December 26, 2025, of a demonstration flight on the Dakar-Ouagadougou route, under the supervision of inspectors from the Flight Safety Department of the National Civil Aviation and Meteorology Agency (ANACIM). This technical step is one of the final requirements of the process leading to the obtaining of the Air Operator Certificate (AOC), a regulatory document authorizing a company…

Burkina Faso is projecting a growth rate of 6.6% in 2026. This is the result of the State budget project for the year 2026 in Burkina Faso, adopted by the members of the legislative National Assembly on December 27, 2025. Revenue projections are set at 3,431,526,595,000 CFA francs, representing a 4% increase compared to the...

Senegal has just reached a major milestone in its strategy to mobilize domestic resources. According to an official statement signed on Friday, December 26 by the Communication Unit of the Ministry of Finance and Budget, the State has mobilized approximately 560 billion CFA francs or 854 million US dollars at the end of the fourth...

The ECOWAS Bank for Investment and Development (EBID) has approved over $101 million in funding for critical infrastructure and projects in Sierra Leone and Guinea. The approvals, made during the Bank’s 94th Board Session, exemplify how regional development institutions are advancing global priorities, from clean energy transition to digital governance, through targeted, high-impact investments. Chairing the session, the President and Chairman of the Board of Directors, Dr George Agyekum Donkor, underscored the broader significance of the commitments. “These investments are more than regional undertakings; they are actionable blueprints for achieving the United Nations Sustainable Development Goals,” stated Dr. Donkor. “By…

The BMCI acquisition by Holmarcom brings back the option of a merger in the Moroccan banking landscape. For the first time in two decades, the same group would own two listed banks. What plausible scenario could unfold? The Moroccan banking sector is experiencing a unique moment. The ongoing deal regarding the acquisition of BMCI by...

Through its Africa Tour 2025, Casablanca Finance City (CFC) asserts a clear ambition: to make Casablanca a financial and strategic pivot for African economic integration. From Cotonou to Lomé, then Accra, this West African tour highlights rapidly changing economies, emerging logistics hubs, and a new geography of capital on the continent. In an African context marked by accelerated reconfiguration of value chains, increased quest for capital sovereignty, and reinforced competition between regional financial hubs, Casablanca Finance City aims to consolidate its role as a platform for continental interconnection. The CFC Africa Tour 2025, which took the Moroccan delegation to Benin,…

Following an auction of Treasury assimilable bonds (OAT) with maturities of 2 and 4 years, organized on Friday, December 26, 2025 on the UMOA financial market, the public Treasury of Benin raised 55 billion CFA francs (approximately 99 million dollars), exceeding the initial target set at 50 billion CFA francs. The operation generated strong investor...

Senegal has officially presented its EITI 2024 Report, with data confirming its effective entry into the oil and gas era and opening a new chapter in its economic development. The launch ceremony, held on Tuesday, December 23 in Dakar, brought together public authorities, technical partners, and stakeholders in the extractive sector around a common goal: transforming natural wealth into a sustainable lever for growth and stability. According to the report data, the overall contribution of the extractive sector reached 455 billion CFA francs in 2024, or approximately 758 million US dollars, marking a doubling in less than five years. This…

The Board of Directors of the Casablanca Stock Exchange has unanimously appointed Mr. Nasser Seddiki as General Director. This decision, made in accordance with legal and statutory provisions, will take effect on January 19, 2026. It marks an important step in the strategic trajectory of the Moroccan stock market infrastructure, at a time when the...

At the end of a targeted auction of Treasury assimilable bonds (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) with maturities of 3 and 5 years, the Senegalese Public Treasury collected on Wednesday, December 24, 2025, an amount of 59.997 billion CFA francs (108 million dollars) on the West African Monetary...

Abidjan, December 19, 2025 – Groupe Dayo, a player specialized in insurance brokerage, is strengthening its presence in West Africa with the opening of its subsidiary in Côte d’Ivoire. This new establishment is part of the group’s growth dynamics and reflects its commitment to sustainably support economic actors in the sub-region. Already recognized for its expertise, rigor, and performance-oriented approach, Groupe Dayo now offers its know-how in risk management, insurance program structuring, and claims management to the Ivorian market. “We are particularly pleased to open an insurance brokerage company in Côte d’Ivoire, my native country. This establishment reflects our commitment…

Guinea crosses a key institutional threshold in steering its transformation agenda with the creation of a dedicated Delivery Unit for the Simandou 2040 Program. Directly attached to the Presidency of the Republic, this unit for execution and performance management signifies a change in method: less announcements, more measurable results. Conceived as a fifteen-year economic vision, Simandou 2040 goes beyond the strict framework of the mega mining project. It aims to convert iron ore revenue into a lever for structural transformation, through an integrated industrial corridor, heavy infrastructure (rail, roads, energy), specialized economic zones, and an upgrade of human and digital…

Senegalese President Bassirou Diomaye Faye inaugurated, on December 16, 2025, the first national assembly plant for military vehicles, located on the International Industrial Platform of Diamniadio and led by ISEVEM, Senegalese Military Vehicle Industry. Senegal is thus taking a decisive step in its strategy of industrial and security empowerment. This infrastructure marks a strategic turning point. According to authorities, it reflects Dakar’s desire to reduce its external dependence, increase its projection capabilities, and structure a true defense industrial base. Developed on 200 hectares in two phases, the complex aims for an annual production of 1,000 vehicles and the creation of…

In Senegal, the first National Diaspora Day (NDD), held on December 17, 2025 at the Abdou Diouf International Conference Center (CICAD), is seen as a decisive step in the country’s economic and social transformation strategy. President Bassirou Diomaye Faye reaffirmed an ambitious vision: to place the diaspora at the heart of the Senegal 2050 framework and make it a driver of economic sovereignty, innovation, and modernization of the state. “The diaspora is not just a source of financial transfers; it is a strategic lever for economic and technological transformation,” said the head of state, praising a community that is “talented,…

Yaoundé, December 12, 2025 – Afriland First Bank Cameroon is taking a new step in strengthening its executive governance. During a regular session, the bank’s board of directors approved the appointment of Mr. Ayissi Dieudonné Hervé as Deputy General Manager, a strategic decision aimed at consolidating the management team and supporting the implementation of the...

The Board of Directors of Banque Centrale Populaire (BCP), meeting on December 17, 2025 under the chairmanship of Mrs. Naziha Belkeziz, appointed Mr. Adil Rzal as General Director in charge of Group Risks. Prior to this appointment, Adil Rzal held the position of Chairman of the Management Board of Banque Populaire de Rabat-Kénitra, where he...

The State of Benin, through its Public Treasury, raised 100 billion CFA francs (approximately 180 million dollars) on Tuesday, December 16, 2025, on the financial market of the West African Economic and Monetary Union (UEMOA), following an auction of Treasury bonds (OAT) with maturities of 4, 6, and 10 years. The amount offered at auction...

BRED Madagasikara Banque Populaire announces that it has concluded a financing agreement with the Filatex Group for the extension and construction of two photovoltaic solar power plants with a total capacity of 4 MW, located in Tuléar and Nosy Be. With an electrification rate limited to about 33%, Madagascar faces a strong dependence on thermal power, especially heavy fuel oil (HFO) and diesel (LFO). In this context, the development of renewable energies is a priority. This financing contributes concretely to achieving the Sustainable Development Goals (SDGs), in particular SDG 7 (Clean and affordable energy) and SDG 13 (Climate action). The…

Moroccan groups are taking back shares held by French banks, signaling a silent reshaping of the banking landscape in Morocco. Is it time for the Moroccanization of banks? Although not widely publicized, the banking sector is undergoing a silent revolution. The acquisition of Crédit du Maroc by the Holmarcom group, led by Hassan Bensalah, is...

The Republic of Congo has announced the reopening of its international bond issued in November 2025, for an amount of $260 million, as part of its active public debt management strategy. The operation concerns the same bond instrument as the initial issuance: a 9.875% coupon, with a final maturity in November 2032. Repayment will be...

London – The 17th replenishment of the African Development Fund (ADF) of the African Development Bank (AfDB), which opened yesterday in the British capital, started with a strong signal. The Arab Bank for Economic Development in Africa (BADEA) announced a contribution of $800 million, significantly more than the $550 million left vacant by the withdrawal...

OLEA announces the acquisition of Marsh Botswana, now renamed OLEA Botswana, thus finalizing five years of collaboration with Marsh McLennan. According to the group’s official statement, this operation “aims to strengthen local capabilities, ensure continuity of service, and offer increased proximity to clients.” The integration of Marsh Botswana is part of a structured expansion strategy,...