Author: The Editorial Staff

According to the monthly economic outlook on Cameroon’s public debt released on July 31, 2025 by the Autonomous Amortization Fund (CAA), as of the end of June 2025, the outstanding public debt of the country stands at 14.105 trillion CFA francs (24.5 billion USD). This represents 43% of the Gross Domestic Product (GDP). The body...

Stanbic Bank, the Kenyan subsidiary of South African group Standard Bank, has increased its interim dividend to 3.80 KSh (about 0.029 USD) per share for the six months ending in June 2025, doubling the payout compared to the same period last year. The bank stated that the increase aims to use unused capital productively and...

President Umaro Sissoco Embaló dismissed Prime Minister Rui Duarte de Barros on Thursday, who had been in office since December 2023, according to a presidential decree made public in the evening. He is replaced by Braima Camará, an influential figure in the ruling party Madem G15. This change comes in a tense context, just four...

On the African continent, the week of August 4-10 reaffirmed power dynamics. The ruthless hierarchies describe financial markets often lacking liquidity and … courageous reforms. In this stagnation, Johannesburg (JSE), a giant with over USD 1.23 trillion, remains the stock market Amazon: 8 to 10 billion USD exchanged each week, volumes that most exchanges do not see in a quarter. Casablanca, with 70 billion USD, third behind Egypt, continues to attract institutional investors and alpha hunters facing the limits of a market still too national. Nigeria (USD 60 billion) remains essential, but focused on a few big players – for…

In the discreet but ruthless world of collective management in Central Africa, the year 2024 confirmed what insiders already knew: the heavyweights dictate the game and the competition often settles for playing second fiddle. As of December 31, 2024, the snapshot of the Collective Investment Schemes (CIS) market in the CEMAC region consecrates, unsurprisingly, Harvest Asset Management as the absolute master of the game, with a total asset under management flirting with 346 billion CFA francs (approximately 574 million dollars), representing 36.08% of market share. Behind, Elite Capital Asset Management SA honors its position with 181.78 billion CFA francs in…

The State of Senegal successfully raised an amount of 40 billion CFA francs (72 million dollars) on the West African Monetary Union (UMOA) financial market on Friday, August 8, 2025, after a simultaneous auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of 3 and 5 years....

The Nigerian Stock Exchange (Nigerian Exchange – NGX) closed the week on a positive note, with the All-Share index rising by 3.18% to 145,754.91 points, while the market capitalization reached $57.63 billion (92.215 trillion NGN). According to data released by the NGX, investors traded 8.736 billion shares for a total value of $84.11 million (134.577 billion NGN) in 180,290 transactions during the past week. In comparison, the previous week had recorded 4.847 billion shares for $93.60 million (149.755 billion NGN) in 174,267 transactions, representing an 11.3% decrease in the value of exchanges on a weekly basis. Most active sectors: The…

After flirting with the skies, crossing the mythical threshold of 12,000 billion CFA francs in market capitalization, the Regional Stock Exchange (BRVM) is experiencing a backlash. In the week of August 4 to 10, there is a brutal drop towards the 10,000 billion mark. The correction is orchestrated by a targeted defiance towards financial heavyweights and utilities. The flagship indices are eroding: BRVM Composite (-0.44% at 311.72 points), BRVM 30 (-0.48%) and BRVM Prestige (-1.05%). Investors are arbitrating without mercy, letting go of financial stocks and accumulating industrial ones. The low liquidity testifies to the wait-and-see attitude. Only 4.16 million…

By Professor Amath Ndiaye, FASEG-UCAD. For decades, a part of the African public opinion has been led to believe that the operations account held at the French Treasury represented a kind of money “confiscated” by France. This perception does not stand up to recent facts. In 2023, the BEAC – central bank of the CEMAC – received 196.7 billion CFA francs in interest on its reserves placed at the French Treasury, an increase of 358% compared to 2022. These returns are directly related to the rise in the ECB’s key rates, applied according to modalities set by monetary agreements (minimum…

WASHINGTON, December 3, 2024 – According to the latest edition of the World Bank’s International Debt Report, developing countries spent an unprecedented $1.4 trillion on servicing their external debt in 2023, with interest payments reaching their highest level in twenty years. Interest payments increased by nearly a third, totaling $406 billion, putting strain on budgets that could be allocated to critical areas such as health, education, and the environment. The data reveals that financial pressure was most intense in the poorest and most vulnerable countries, those eligible for loans from the World Bank’s International Development Association (IDA). In 2023, these…

In a political context marked by calls for national unity and persistent internal tensions, President Félix Tshisekedi presented, by presidential decree read on RTNC on August 7 by his spokesperson Tina Salama, the new government team, named Suminwa II. This composition, aimed at being broader and more inclusive, marks the entry of several political figures from different backgrounds, including former Prime Minister Adolphe Muzito. However, the absence of opposition leader Martin Fayulu and any representative from his party already raises questions and analysis. Some key figures from the previous government have been retained in their positions, including Jacquemain Shabani, Jean-Pierre…

By Ali Al-Shammari, CEO of Global South Utilities, a subsidiary of Resources Investment in Abu Dhabi. Today, the real question is no longer “Why invest in countries of the global South?” but rather “How to redesign the map of global investment to fully include them?” According to some international studies, countries classified as belonging to the global South will represent approximately 54.5% of the global GDP in 2025. Yet, they continue to be perceived, in many analyses, as areas marked by development gaps, rather than future poles. For decades, major investments have headed north, where markets are stable, infrastructure is…

The African Development Bank (AfDB) has announced its commitment as a lead financier in mobilizing $7.8 billion for the construction of a new airport in Ethiopia. This ambitious project, supported by the outgoing president of the Bank, Akinwumi Adesina, aims to provide the country with the largest airport in Africa by 2029, with an estimated annual capacity of 100 million passengers. In a statement released on Thursday evening, the AfDB emphasized that its designation as the lead on this project reflects its catalytic role in developing strategic infrastructure on a continental scale and its proven ability to structure complex transactions.…

In May 2025, more than a hundred mining licenses were revoked within a few days, with little explanation, following an announcement broadcast on national television. The transparency claimed by the government is accompanied by a certain degree of opacity when it comes to natural resources, which are the country’s wealth and, above all, its only current development engine. Several international companies had their licenses revoked, including the Guinean subsidiary of AngloGold Ashanti and Predictive Discovery, both active in the gold sector. Arrow Minerals (bauxite) and Falcon Energy Materials (graphite) also had their licenses revoked. Dozens of license holders feel aggrieved…

Following an auction of 91-day treasury bills organized on Thursday, August 7, 2025, the State of Benin raised an amount of 33 billion CFA francs (59.4 million dollars) on the financial market of the West African Monetary Union (UMOA). The amount put up for auction by the issuer was 30 billion CFA francs. After the...

At the end of their Ordinary General Meeting (AGM) on July 8, 2025, the shareholders of Carthage Cement, a company specializing in cement production, decided to allocate the result of the 2024 fiscal year to the Retained Earnings category, announced the leaders of this company based in Tunis. Retained earnings in Tunisian financial statements refer to the balance of undistributed results from previous fiscal years, which is carried over to the current fiscal year. This balance can be an undistributed profit (positive result) or a carried-over loss (negative result). As of December 31, 2024, Carthage Cement recorded a profit of…

Thanks to a rebound in the price of its eurobonds, Angola recovered 200 million USD of guarantees initially deposited with JPMorgan in May, the Ministry of Finance announced. According to Reuters, this restitution is part of a total return swap contract concluded last December between Luanda and the American bank, for a total amount of...

In charge of the Central African Securities Exchange (BVMAC) since January 2022 after his appointment a few months earlier, Cameroonian Louis Banga Ntolo has earned the trust of the board of directors, who approved on August 1, 2025, the decision to keep him in his position for a second term. The announcement was made by...

United Capital Plc continues its regional expansion with the launch of United Capital Asset Management West Africa Limited (UCAMWAL), its new subsidiary dedicated to asset management in the West African Economic and Monetary Union (WAEMU). The group plans to deploy at least five mutual funds by the end of 2025. Already operational in eight countries (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo), UCAMWAL has launched two funds denominated in CFA francs, accessible to savers in the sub-region. “We could end this year with no less than five funds. We are confident in the impact of this…

The Africa Go Green (AGG) fund, managed by Cygnum Capital, an investment bank specializing in emerging markets, has granted a loan facility of 15 million euros to Kasada, a hotel investment platform in Africa, for the development of a green-certified hotel project in Ivory Coast. The announcement was made by the organization through a press...

For the Financial Sector Transformation Strategy 2025-2035, the Namibian government’s roadmap includes the launch of at least five new instruments each year, with the goal of increasing the number of national and international investors by 70% by 2035. The information was announced on July 28, 2025, during a joint event organized by the central bank (Bank of Namibia), the Ministry of Finance, and the Financial Supervisory Authority NAMFISA in the capital Windhoek. The roadmap also aims for a 75% increase in assets under management and a significant strengthening of local participation in the Namibian Stock Exchange. All of these initiatives…

On Thursday, August 7, 2025, Ivory Coast commemorates the 65th anniversary of its independence, marking more than six decades of national construction. Since 1960, the country has faced challenges and undertaken reforms to consolidate its unity and assert its place in the concert of nations. According to the President of the Republic, this symbolic date...

FlyGabon, operated by Afrijet Business Service, announced earlier this week the reception of a new ATR 42-600, marking the transition to a fleet composed solely of this model. A second aircraft is expected in 2026. These planes are in addition to a fleet of five ATR 72-600. The company serves 17 regular destinations, including four...

Ghana is in mourning. Two government ministers, along with six other people, perished on Wednesday morning in a helicopter accident in the south of the country. The military aircraft, carrying five passengers and three crew members, crashed while en route from the capital Accra to Obuasi, about 250 kilometers further north. The circumstances of the...

In Nigeria, President Bola Tinubu has enacted a comprehensive reform of the insurance sector under the Insurance Industry Reform Act (NIIRA) 2025, according to a statement made on Tuesday, August 5 by his spokesperson, Bayo Onanuga. This reform consolidates legislation that has been in place for several decades. It sets higher capital requirements, mandates mandatory...

The British energy group BP recorded a net profit of USD 1.63 billion in the second quarter (Q2) of 2025, compared to a loss of USD 129 million a year earlier. This performance is attributed to the reduction of exceptional charges and asset revaluation, particularly in the liquefied natural gas (LNG) sector. Although underlying net...

Royal Air Maroc (RAM) is in the green. According to the Minister of Transport and Logistics, Abdelssamad Kayouh, the company recorded huge financial performances for the year 2024. The company not only achieved a turnover close to 20 billion dirhams (2.20 billion dollars), a record, but also settled all its tax obligations for an amount...

Moody’s Ratings has upgraded the outlook of ASR Re Limited’s Baa1 rating to positive, while maintaining the current rating. This decision, announced in a report published on Tuesday, August 5, reflects increasing confidence in the trajectory of the Bermuda-based reinsurer, which is active within the Africa Specialty Risks (ASR) group. The confirmation of the Baa1...

The Senegalese Ministry of Energy, Petroleum and Mines has released, on Tuesday, August 5, 2025, the monthly production report relating to the country’s two flagship projects: Sangomar (oil) and GTA (liquefied natural gas). This document provides an updated overview of operational performance for the month of July 2025, confirming the gradual increase in the Senegalese...

André Wameso officially assumed his duties on August 4, 2025 as the new governor of the Central Bank of Congo (BCC), during a handover ceremony held at the institution’s headquarters in Kinshasa in the presence of the Minister of Finance. Appointed by presidential decree on July 23, he succeeds Malangu Kabedi Mbuyi, who is now...