Author: The Editorial Staff

In Egypt, the Board of Directors of the Financial Regulatory Authority (FRA) has issued a decision introducing a new solvency margin framework for insurance and reinsurance companies operating in Egypt. This initiative is part of the implementation of Unified Insurance Law No. 155 of 2024, and reflects FRA’s strategic direction to enhance proactive supervision and...

Ecobank Transnational Incorporated (ETI) has announced its intention to sell its subsidiary Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc, a leading bank based in Malawi. This operation, which marks the complete exit of the group from the Mozambican market, comes as part of a broader strategic reconfiguration of its scope of activity and shareholding....

Kasada, the leading pan-African hotel investment platform, announced on August 6, 2025 the conclusion of a €15 million financing with the Africa Go Green Fund (AGG), managed by Cygnum Capital. This funding will support the construction of a sustainable hotel complex in Angré, the Ivorian economic capital. The project will include a 170-room hotel operated under an international brand from the Accor group, coworking spaces branded Wojo, as well as a dedicated space for MICE activities (Meetings, Incentives, Conferences and Exhibitions). This will be the first EDGE certified hotel in this rapidly growing area of Abidjan. The aim of this…

A new industrial era is opening in Senegal with the signing, on Tuesday, August 5, of a strategic agreement between SICAP SA and APIX SA, marking the launch of a major project in the Special Economic Zone (SEZ) of Diass, a locality located about 40 km southeast of Dakar. On 66 hectares of land, an ultra-modern concrete prefabrication factory will soon be established, supported by a colossal investment of $100 million. As a result of a Sino-Senegalese partnership, the project involves Chinese companies Zhenhuai and CAID joining forces with the Senegalese company SICAP SA, with structured financial support from CORIS…

The Ivorian-Ghanaian Cocoa Initiative (CIGCI) praised, on Wednesday, August 6, 2025, the Ghanaian government’s initiative to increase cocoa producers’ incomes. In an official statement, the organization expressed its support for the decision to raise the guaranteed price to production to $5,040 per ton for the 2025/2026 campaign, compared to $3,100 the previous season. A historic increase of over 60%, which puts Ghana at the forefront of countries that pay their cocoa farmers the best. CIGCI sees this decision as a strategic turning point for the sustainability of the sector. “A fair price for producers is the first step towards a…

By Junior MBUYI – International financial expert, founder of JPG Consulting Partners While banking rates remain historically low on the continent, French banks are gradually withdrawing from the African market. Is this a simple strategic readjustment or an indicator of a deeper geopolitical shift? The essential question remains: who will finance Africa tomorrow, at a time when Europe is disengaging and China is boldly advancing its pieces? 1. A now structural withdrawal Since 2023, announcements have been following one after the other like dominoes. Société Générale is selling or considering selling most of its African subsidiaries (Morocco, Chad, Congo, Guinea,…

The turnover of the Ivorian water distribution company (SODECI), a subsidiary of the ERANOVE group, increased by 8% at the end of the first quarter of 2025 compared to the same period in 2024, announced the leaders of this company based in Abidjan. This turnover amounted to 41.642 billion CFA francs (75 million dollars) compared...

By El Hadji Abdoulaye Seck Economist-researcher at the National School of Public Administration of Quebec. The Economic and Social Recovery Plan (PRES) 2025-2028 presented by the Prime Minister offers us the opportunity to open a debate on the foundations, objectives, and perspectives of the recovery of our economy. To better appreciate the challenges of the PRES, it is appropriate, out of a duty of memory, to briefly review the various economic recovery efforts that have marked the history of Senegal. In the midst of droughts, oil shocks, and deteriorating public finances, Senegal launched an Economic and Financial Recovery Program (PREF)…

On July 16, 2025, Africa Global Logistics Congo (AGL) successfully transported and loaded a Rig Floor and a Rig Floor trailer onto a ship for an oil sector subcontractor. Our teams, specifically trained for this type of operation, spared no effort in studying its feasibility, conducting a meticulous check-in process covering everything from suitable equipment to safety measures and operator preparation. This survey ensured a safe operation for users and personnel in charge. With a height of 8m and a weight of 115 tons, these machines required specific equipment for transfer from the handling yard via a loading dock 1800m…

It is the President of the ECOWAS Commission who affirms this. The Eco, the single currency of the ECOWAS, will be launched as early as 2027. Omar Alieu Touray, received by Gambian Adama Barrow, specified that the adoption will be gradual. “ECOWAS will no longer wait for all countries to meet convergence criteria. The idea is to launch the single currency with those who are ready,” he said. This is a significant turnaround. In 2020, the countries of the CFA franc zone, which then had the best macroeconomic ratios (inflation below 3%, budget deficit below 4%, public debt below 70%…

It is the president of the ECOWAS Commission who affirms it. The Eco, the single currency of ECOWAS, will be launched as early as 2027. Omar Alieu Touray, received by Gambian Adama Barrow, specified that the adoption will be gradual. “ECOWAS will no longer wait for all countries to meet the convergence criteria. The idea is to launch the single currency with those who are ready,” he said. This is a significant turnaround. In 2020, the countries of the CFA franc zone, which then had the best macroeconomic ratios (inflation below 3%, budget deficit below 4%, public debt below 70%…

Chaabi International Bank Offshore (CIBO), the offshore bank of the BCP Group, has been distinguished by Citi Bank, which awarded it the Straight Through Processing (STP) Excellence Award 2024. This prestigious award recognizes the outstanding performance of CIB Offshore in automated payment processing, with rates reaching 100% for cash payments and 99.8% for commercial payments. It also highlights the operational rigor and high level of quality of the processes implemented by this subsidiary in the management of international operations. Through this distinction, CIB Offshore reaffirms its commitment to providing its clients and partners with a smooth and secure service, aligned…

Following a simultaneous issuance of Treasury assimilable bonds (BAT) of 364 days and Treasury assimilable bonds (OAT) of 3 and 5 years organized on August 4, 2025 on the UMOA financial market, the State of Mali, through its Public Treasury, strengthened its budget by 21.720 billion CFA francs (39.096 million dollars). The issuer had put...

By Axel Nodinot, Journalist, specialist in Asia-Pacific Imagine your astonishment when, strolling through the streets of a large German city, you would discover a church where people come to pray for the Nazi soldiers who died in combat. This revisionist madness exists right in the center of Tokyo, just a stone’s throw from the Kokyo, the palace of the imperial family. At the Yasukuni Shinto shrine, among large alleys, cherry trees, and old tea houses, the Japanese honor the two million “deities” who fell during the colonial invasions of the empire (1868-1945) and during the “Great East Asian War” –…

Bonn, August 5, 2025 – The United Nations Convention to Combat Desertification (UNCCD) is undergoing a significant change with the appointment of Yasmine Fouad as Executive Secretary. The former Minister of Environment of Egypt is taking over from Ibrahim Thiaw, who has been in office since 2019, during a ceremony held at the organization’s headquarters in Bonn, Germany. Ibrahim Thiaw, a Mauritanian national, has marked his tenure with increased mobilization around land restoration and resilience to droughts. Under his leadership, the UNCCD has supported major initiatives such as the Great Green Wall in Africa, the Green Initiative for the Middle…

1 Swiss franc (CHF) ≈ 1.14 US dollar (USD). He was the most influential man in the world. A German engineering professor who became the grand orchestrator of global capitalism. Every winter, in the plush heights of Davos, Klaus Schwab brought together heads of state, CAC 40 executives, Silicon Valley billionaires, Hollywood stars, and representatives of NGOs. He didn’t just convene the world, he organized it. For over 50 years, he was the face and architect of the World Economic Forum, the man through whom great ideas of international cooperation passed… but also the most vehement criticisms. At 88, the…

The Ghanaian government announced on Monday, August 4, 2025, a spectacular increase in the cocoa production price. Local producers will now receive $5,040 per ton, or approximately €4,353. This represents a 62.58% increase compared to the previous campaign, where the price was set at $3,100. This decision, which increases the share of the FOB price (export price) paid to farmers to nearly 70%, marks a clear break in the support policy for cocoa growers and gives Ghana a decisive social and political advantage in the discreet war between the world’s top two cocoa producers. Meanwhile, in Côte d’Ivoire, the price…

The Banque nationale d’Algérie (BNA) closed the 2024 fiscal year with a net profit exceeding 48 billion Algerian dinars, or approximately 331 million euros, according to a statement released after its annual general meeting. The total balance sheet of the institution amounted to 5,807 billion dinars (40.05 billion euros). Furthermore, during the first half of...

On the money market of the West African Economic and Monetary Union (UEMOA), the average amount of funding granted by the BCEAO recorded a slight decrease of 0.2% in June 2025 compared to the previous month, according to data from the Central Bank of West African States (BCEAO) based in Dakar. These fundings amounted to...

CFAO Mobility Côte d’Ivoire shareholders, specializing in vehicle distribution, will receive a net dividend of 1.450 billion CFA francs (2.611 million dollars) for the 2024 fiscal year, scheduled for August 19, 2025. This dividend represents 8 CFA francs per share, down from the 15.87 CFA francs paid out the previous year, a decrease of 7.87 CFA francs. As of August 1, 2024, CFAO Mobility Côte d’Ivoire shares were trading at 655 CFA francs, offering a yield of 1.22%. This dividend, which is equivalent to 16% of the nominal value of the share (50 CFA francs), comes after a year marked…

African stock markets showed mixed performances this week, with notable gains for some exchanges and instabilities for others. The Nigerian Stock Exchange continues to outperform, recording a rise of +5.07%, bringing its July performance to +16.57%. MTN Nigeria dominated, with a 20.00% increase in its market capitalization. The Nigerian market remains strong and largely supported by the growth of telecommunications and mobile financial services. In Malawi, the Lilongwe Stock Exchange (MSE) saw an impressive surge with a gain of +5.03%, bringing its annual performance to +128.49%, supported by a significant rebound of Standard Bank Malawi (+34.31%). The Ghanaian Stock Exchange…

The Regional Stock Exchange (BRVM) closed this week on a positive note, marked by a 0.55% increase in the BRVM Composite index, which stood at 313.1 points, compared to 311.4 the previous week according to the weekly bulletin from SGI FGI. However, the BRVM 30 and BRVM Prestige indices recorded declines of 0.85% to 151.49 points and 1.30% to 129.27 points, respectively. This upward trend was supported by the “Industry” (+10.08%), “Agriculture” (+2.66%), “Transport” (+2.13%), “Distribution” (+1.91%), and “Other Sectors” (+0.13%). On the other hand, the “Public Services” (-1.36%) and “Finance” (-0.81%) sectors exerted negative pressure on the market. Stock…

Sokhna Maïmouna Diop leaves CBAO Attijariwafa to take over NSIA Bank Senegal Change in governance at the helm of NSIA Bank Senegal. Sokhna Maïmouna Diop has been appointed as the general manager of the institution, succeeding Ivorian Alexandre N’Dri. She is also leaving CBAO, a subsidiary of Attijariwafa bank, where she has been serving as deputy general manager in charge of retail and corporate banking for Senegal, Benin, Burkina Faso, and Niger since 2022. Her departure marks a significant change for CBAO, where she has spent over a decade holding various positions of increasing responsibility: strategy, financial control, finance, operations,…

After being welcomed triumphantly in Nouakchott on July 11 by a large crowd upon his return from the YES Africa 2025 Summit in Marrakech, Ba Bocar Abdoulaye, Vice President of the Pan-African Youth Union, actively participated in the Fintech Mauritania Hackathon, held from July 17 to 23 at the Fasaq Hotel. The young leader engaged in a question-and-answer session right after a notable opening panel, during which he emphasized the central role of his generation in the political, economic, and digital transition that Africa is undergoing. His motto is unequivocal: “Impossible is not African.” Interview conducted by Mayo Sow, Nouakchott…

The Central Bank of West African States (BCEAO) has just published, on August 1, 2025, a series of major instructions aimed at clarifying and regulating financial and commercial operations between the UEMOA countries and the rest of the world. Among these new instructions are: – Instruction No. 15-07-2025-RFE, specifying the procedures for producing periodic reports for the competent authorities. This measure aims to enhance the traceability of operations carried out by authorized intermediaries and ensure better control of financial flows by imposing a harmonized reporting format, a defined frequency, and strict submission deadlines. – Instruction No. 14-07-2025-REF, setting the conditions…

Construction materials prices in Senegal rose by 0.4% in June 2025 compared to the previous month, according to data from the National Agency of Statistics and Demography (ANSD) based in Dakar. “This evolution is mainly due to the increase in prices of basic materials (+0.4%), paint (+2.1%), as well as waterproofing materials (+1.6%),” notes the...

The lawyer and business law practitioner, Me Alain Fénénon, announces the publication of the second edition of his reference book entitled Guide for Directors and Administrators of Companies in Ohada Law. This updated version is part of a context of strengthening corporate governance standards in the OHADA (Organization for the Harmonization of Business Law in Africa) area. This revised and expanded edition includes several new developments. It notably devotes a chapter to mechanisms for resolving disputes between directors, administrators, and companies, and introduces concepts that are still relatively unexplored in African company law such as professional ethics, corporate social responsibility…

Mauritania and China have taken a new step in their strategic partnership with the signing, on Thursday, July 31 in Nouakchott, of a memorandum of understanding within the framework of the Global Security Initiative (GSI). Launched by Beijing two years ago, this initiative promotes a security approach based on dialogue, cooperation, and the rejection of...

Ecobank Ghana Plc released its unaudited consolidated financial statements for the half-year ended June 30, 2025 on July 31, 2025, reporting sustained growth in profitability despite a challenging economic environment. The bank announced a net profit of $49.9 million (763.5 million GHS), an increase of 18.7% compared to $42.0 million (643.4 million GHS) in the...

The Central Bank of Central African States (BEAC) has launched a mobile application called “BEAC NG2020” to allow citizens and professionals to verify the authenticity of banknotes in circulation, as part of its fight against counterfeit money. The application allows for the verification of Type 2020 banknotes by comparing visible and tactile security features with...