Author: The Editorial Staff

Casablanca Stock Exchange started the week on an exceptional note. Boosted by the announcement of a framework agreement between Washington and Tehran aimed at ending tensions in the Middle East and reopening the Strait of Hormuz, the Moroccan market recorded one of its best performances of the year. The flagship index MASI closed the session...

Photo: Mory Diané (right), founder of Scanning Systems and Commissioner Ngabo Seli Mbogo, in charge of the common market of CEMAC. Central Africa could soon rely on the expertise of a West African operator to modernize its borders. The Economic and Monetary Community of Central Africa (CEMAC) is indeed in advanced negotiations with Scanning Systems for the design, financing, and implementation of four pilot Joint Control Posts (PCJ). An operation that, if finalized, will mark an important step in the modernization of trade corridors in the sub-region and in the rise of an African actor specialized in trade facilitation infrastructures.This…

The BSIC Group continues to diversify its sources of financing by tapping into the regional financial market of the WAEMU through a securitization operation of 45 billion CFA francs. The issuance, called “FCTC BSIC C-1 7.25% 2026-2033”, involves 4.5 million securities with a nominal value of 10,000 CFA francs each, offering an annual yield of...

According to exclusive information from Financial Afrik, the pan-African group SAAR Assurance has just finalized a majority stake in the Insurance and Reinsurance Company (CAR), marking its entry into the Mauritanian market. This operation, subject to regulatory approvals, represents a strategic step for the group, which continues its expansion across the continent. Present in nine...

Africa is reaching a new milestone in its quest for food and industrial sovereignty. The Africa Finance Corporation (AFC) announced on June 15, 2026, a $600 million financing for Greenview Fertilizer Corporation, the holding company that oversees the fertilizer activities of the Dangote Group. This funding is part of a $7 billion XXL expansion program aimed at strengthening the urea production capacity of the continent and breaking its dependence on imports. Beyond the financial aspect, the operation illustrates the growing determination of pan-African institutions to build industrial infrastructure that meets the challenges of food security, industrialization, and economic transformation on…

The permanent closure of Air France’s representation in Mali marks a new stage in the reconfiguration of air transport in West Africa. Three years after the suspension of its flights to Bamako, the French company officially ends its commercial presence in the country as of June 30, 2026, according to a correspondence consulted by Agence...

During the 2026 edition of the Africa CEO Forum, Mohamed Diop, Africa Deputy General Manager of Africa Global Logistics (AGL), spoke to Financial Afrik about the logistical challenges accompanying the continent’s economic transformation. Faced with geopolitical tensions, the rise of the AfCFTA, and the acceleration of regional trade, he discusses the strategic role of multimodal corridors, the still underutilized potential of river transport, and the necessary investments to strengthen intra-African connectivity. According to Mohamed Diop, the future of African trade lies in better-integrated infrastructure, increased digitalization of procedures, and enhanced cooperation between public and private actors. Interview conducted by Daniel…

The Palais de Lomé (Togo) has been hosting the very first exhibition of the “Toyota Tsusho CFAO African Art Award” since June 11, 2026. Through this award, Toyota Tsusho Corporation and CFAO have a clear ambition: to make African contemporary art a means of circulating ideas, imaginaries, and narratives between Africa, Asia, and Europe. Designed as a long-term platform rather than a one-time reward, this Award aims to provide emerging artists from the continent with increased visibility, institutional recognition, and concrete development opportunities. A prize designed as a tool for influence The organizers immediately set the stage: “Africa is now…

The investment vehicle Zafiri has announced its commercial launch with an initial raise of $176 million aimed at accelerating the deployment of decentralized renewable energy in sub-Saharan Africa. Managed by Inspired Evolution, this permanent capital fund brings together the IFC, a member of the World Bank Group, the African Development Bank Group, The Rockefeller Foundation,...

BGFI Holding is preparing to launch, in September 2026, the second tranche of its capital increase for an amount of 81 billion CFA francs, after a first operation that had raised 45.3 billion CFA francs. This new issuance is expected to increase the group’s float from 3.85% to 10%, in line with the requirements of...

At the end of a simultaneous auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of 3, 5, and 7 years organized on Wednesday, June 2, 2026, the Burkinabe Public Treasury raised an amount of 44 billion CFA francs (79.2 million dollars) on the West African Monetary...

OLEA, the pan-African insurance broker, continues to expand its presence on the continent with the official opening of its subsidiary in Mauritania, following the receipt of regulatory approvals. This new establishment now brings the total number of countries covered by the group to 27, strengthening its presence in one of the most dynamic markets in...

The South African banking giant Standard Bank no longer wants to play second fiddle in Kenya. The group, present in the country through Stanbic Bank, now has an unequivocal goal: to become the top Kenyan bank by 2030. To achieve this, it is willing to change scale and acknowledges, for the first time with such...

At the end of a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) of 3 and 5 years organized on Tuesday, June 16, 2026 on the financial market of the West African Monetary Union (UMOA), the Ivorian Public Treasury collected 110 billion CFA francs (198...

AXIAN Energy, the energy branch of the AXIAN Group, is reaching a new milestone in its African development. The company announced on June 16th the signing of a $60 million financing facility with The Mauritius Commercial Bank (MCB), one of the leading banks in the Indian Ocean. This line of credit is intended to support...

Benin and Niger continue their diplomatic rapprochement. In a joint statement published on June 16, 2026, the two governments announced that the joint committee of experts tasked with examining the conditions for the reopening of the common border has completed its first cycle of work and submitted its conclusions to the presidents of both countries....

[1.00 USD = 9.238060 MAD] The merger between Sanlam Morocco and Allianz Morocco is entering its decisive phase. After several months of preparation, regulatory approvals, and structural adjustments, the two insurers are preparing to finalize an operation that could reshape the insurance landscape in Morocco and give rise to one of the most powerful players...

During the General Assemblies of Shelter Afrique Development Bank (ShafDB) held in Rabat, Morocco, Thierno Habib Hann, the institution’s CEO, granted an exclusive interview to Financial Afrik. In this exchange, he discusses the persistent challenges of housing and urban development in Africa, a sector facing a deficit estimated at several tens of millions of units across the continent. He also explains the motivations and ambitions that led to the transformation of Shelter Afrique into a Development Bank, an evolution aimed at strengthening its intervention capacity, mobilizing more resources, and effectively supporting States, developers, and investors in financing housing, urban infrastructure,…

Guinea launched the construction of the Chalco alumina refinery on the Lisso-Demougala site, located just over 40 kilometers from Boffa, on Saturday, June 13, 2026. The ceremony was co-chaired by General Amara Camara, Secretary General of the Presidency, and Djiba Diakité, Chairman of the Strategic Committee of Simandou, in the presence of government representatives, industrial partners, and local communities. According to information provided during the event, the project represents an estimated investment of one billion dollars and plans for a production capacity of 1.2 million tons of alumina per year. This unit adds to the refinery projects led by SPIC…

When he receives the call informing him that he has won the Yidan Prize 2025 for education development, Mamadou Amadou Ly is in Oxford. On the other end of the line, the announcement is historic: for the first time since the creation of this award in 2017, an African is honored by what is often referred to as the “Nobel Prize of Education.” As the Executive Director of the NGO Associates in Research and Education for Development (ARED), Mamadou Amadou Ly becomes the first Senegalese and the first African to receive this international award presented by the Yidan Foundation, a…

Facing the tightening conditions for accessing bank credit and the magnitude of financing needs in African economies, investment funds are gradually emerging as one of the most credible instruments to support the continent’s transformation ambitions. It is in this perspective that the second edition of the Dakar Business Connect (DBC) Forum was held on June 13, 2026 in Dakar, organized by the economic magazine “Le Marché” around the theme: “Investment funds in Senegal: a vector of public financing and a catalyst for entrepreneurship?”. Bringing together more than 320 participants from the banking, insurance, financial, entrepreneurial, academic, and institutional sectors, this…

By Christine Holzbauer, in Paris A high-tension summit in the midst of an international crisis opens in Évian this Monday. While Paris highlights the involvement of key partners like Kenya and talks about the re-convergence of wealthy countries in favor of global growth, for non-governmental organizations (NGOs), the math doesn’t add up. In a series...

Madagascar/France. According to our information, the subsidiary of Amarante Internationale in Madagascar had its contract with the State suddenly cancelled at the end of May. Since January 2020, the French company specializing in airport security was managing five airports in the Great Island, a contract that also included a comprehensive training plan for ground staff....

Former Communications Director of the West African Development Bank (BOAD), Serge Bouah, launches The West Office (TWO), a pan-African platform connecting public institutions, local authorities, businesses, and a pool of senior African experts. “The initiative aims to highlight the experience accumulated by former senior executives, consultants, business leaders, and sector specialists to meet the growing expertise needs of African states and organizations,” explains Mr. Bouah. Positioned as the first B2G and B2B platform dedicated to African senior expertise, The West Office aims to provide quick access to what it calls the “institutional memory” of the region. The model is based…

Convicted by the Australian Federal Court, mining giant Fortescue must pay the largest compensation ever awarded in favor of an indigenous people: 108 million US dollars. This historic ruling provides a critical analysis for African states, whose regulatory frameworks in the face of international operators sometimes lack enforceability. An Australian ruling that will go down in history On May 12, 2026, a historic decision by the Australian Federal Court sent a strong signal to the global extractive industry regarding the legal weight of the rights of local communities. The court sentenced mining giant Fortescue, led by its billionaire founder Andrew…

The 2026 Annual Meetings of Afreximbank, scheduled to take place from June 21 to 24 in El Alamein, Egypt, will ultimately not be held. According to information gathered by Financial Afrik, Egyptian authorities have decided to cancel all major continental events planned in the resort town, citing the health risks associated with the Ebola epidemic...

NAB Consulting announces the completion of a structured financing, co-arranged with Coris Bank Niger, of 250 million euros for the benefit of the State of Niger, obtained from Afreximbank This structured financing of 250 million euros granted by the African Export-Import Bank (Afreximbank), for the benefit of the State of Niger through the Ministry of...

During the General Assemblies of Shelter Africa Development Bank held from June 9 to 11 in Rabat, Lionel Zinsou, Chairman of the institution’s Board of Directors, granted an interview to Financial Afrik. This was an opportunity to discuss the bank’s ambitions following its transformation, the challenge of housing finance in Africa, and the specific role of Morocco, “a continental reference in housing policy and social housing finance.” What are your impressions after these three-day assemblies? Listen, these were three very enriching days because we were in a country, Morocco, which has great experience in this field. There were visits to…

At its annual meetings on June 9 and 10, 2026, Shelter Afrique Development Bank (ShafDB) in Rabat unveiled much more than a new institutional identity. The organization, established in 1981 to address the housing financing deficit in Africa, is undergoing a fundamental transformation that could permanently alter the urban financing landscape on the continent. By officially becoming a multilateral development bank, the institution is expanding its mandate, strengthening its resource mobilization capabilities, and positioning itself as a player in African urban development. This transformation is significant. For over four decades, Shelter Afrique primarily operated as a financier of real estate…

The Regional Mortgage Refinancing Fund of the West African Economic and Monetary Union (CRRH-UEMOA) is changing its identity and will now be known as AFINHAB. The announcement was made by its general director, Yedau Ogoundélé, on June 11, on the sidelines of the BOAD Development Days, marking a new stage in the evolution of this...