Author: The Editorial Staff

The Insurance and Reinsurance Company Astrée, a subsidiary of the Banque de Tunisie Group and listed on the Tunis Stock Exchange, has published its activity indicators for the second quarter of 2025, confirming a sustained growth momentum and good risk management. As of June 30, 2025, Astrée achieved a total turnover of 172.1 million Tunisian...

The President of the Gabonese Republic, Brice Clotaire Oligui Nguema, was received on Friday, August 1st at the Presidential Palace in Ankara by his Turkish counterpart, Recep Tayyip Erdoğan, as part of an official visit focused on strengthening bilateral relations between Gabon and Turkey. According to a statement from the Gabonese presidency. During this meeting, the two heads of state exchanged views in private, reaffirming their common will to deepen a strategic, sustainable, and mutually beneficial partnership. Following the meeting, a working session involving the official delegations of both countries led to the signing of eight protocol agreements, covering key…

The Monetary Policy Committee (MPC) of the Reserve Bank of Malawi has decided, following its third meeting of the year held on July 30 and 31, 2025, to maintain its policy rate at 26.0%. It was also decided that the Lombard rate would remain set at 20 basis points above the policy rate, while the...

The Central Bank of West African States (BCEAO) informs the public that the official launch of the Interoperable Instant Payment System Platform (PI-SPI) is scheduled for Tuesday, September 30, 2025. In this perspective, an important step was taken with the launch, on June 5, 2025, of real-life usage tests. This phase allows a sample of customers, selected by participating institutions (banks, microfinance institutions, electronic money issuers), to perform interoperable instant operations, such as fund transfers and payments, regardless of the type of account used. This phase will confirm the system’s performance in real-life conditions, particularly in terms of reliability, security,…

The supply of bank credit in the West African Economic and Monetary Union (UEMOA) increased by 10% at the end of 2024 compared to 2023, according to data from the Central Bank of West African States (BCEAO) based in Dakar. The volume of loans put in place amounted to 21,831.2 billion CFA francs (39.296 billion...

Senegalese Prime Minister Ousmane Sonko presented his National Economic Recovery Plan (PNRE) on Friday, August 1st, in Dakar, which is seen as the government’s response to a critical budgetary situation. Announced in front of government members and the press, this plan aims to reposition the Senegalese state as a central player in economic recovery, with...

The organizers of the Structured Finance Africa (SFA Forum), an event whose very first edition is scheduled for September 25, 2025 in Dakar (Senegal), held a press conference on Thursday, July 31. Context, key themes, objectives, and expected impacts, among others, were on the agenda of this virtual meeting announcing the forum with the theme: “Financial Innovations and Structural Transformation of African Economies: Securitization, Sustainable Financing, and Sovereignty.” Jointly organized by Invictus Capital & Finance, KF Securitization, and Development Finance Advisory (DFA), three major players in financial structuring in West Africa, this event takes place in a context of strong…

Mali, Niger, and Burkina Faso officially announced, since July 2024, their decision to create a joint investment bank, a new financial tool aimed at supporting large development projects in their respective countries and strengthening their economic integration. Nearly a year later, in May 2025, the foundation stone of the future financial institution called ‘Confederal Bank...

The mining giant B2Gold has obtained authorization from the Malian government to start underground operations at the Fekola mine in the southwest of the country. At the same time, the company is setting up a new regional entity where the state’s participation is strengthened. Over 9,300 meters of underground development have been completed. Underground gold...

The South African government, in partnership with the World Bank, is set to launch a Credit Guarantee Vehicle (CGV) with an initial capital of $500 million to accelerate private investments in electricity transmission infrastructure, announced the South African National Treasury. Designed to remove financial risk barriers, the CGV will take the form of an independent...

East African Breweries Limited (EABL), a Nairobi-listed regional brewer, has reported a 12.2% annual growth in profit after two years of slowdown, thanks to the decrease in exchange losses due to the stability of the Kenyan shilling. Profit for the year ended in June 2025 increased by 12.2% to reach $94.4 million (12.19 billion Kenyan...

Facing the humanitarian emergency in the East of the Democratic Republic of Congo, the international community is mobilizing. Fifteen million USD has just been unlocked to finance the first phase of a comprehensive recovery and resilience plan for populations affected by armed conflicts, especially in the provinces of North Kivu and South Kivu. Coordinated by...

The purchase price of cotton seed for the 2025-2026 campaign has been set at 310 FCFA/kg for the 1st choice and 285 FCFA/kg for the 2nd choice, announced the Minister of State, Minister of Agriculture, Rural Development and Food Production, Kobenan Kouassi Adjoumani, on Thursday, July 31st. According to him, the state support also allows...

TotalEnergies Marketing Ghana Plc announced a record net profit in the first half of 2025, up 47% from the previous year, reaching approximately $16.0 million (GHS 168.2 million). This performance is mainly due to improved fuel margins and enhanced operational efficiency. Revenue increased by 6.6% to around $345 million (GHS 3.6 billion), while gross profit...

Kenya Airways and Air Tanzania signed a memorandum of understanding (MoU) on July 28, 2025 in Dar es Salaam, aimed at strengthening their strategic cooperation in the aviation sector. The agreement covers several areas of collaboration, including personnel training, engineering, aircraft maintenance, technical operations, freight, maintenance and repair services (MRO), security, and innovation. The goal...

The Governor of the Bank of Ghana, Johnson Asiama, announced at a press conference on Wednesday, July 30, that the Monetary Policy Committee (MPC) “voted to lower the policy rate by 300 basis points to 25%”. This is the largest decrease in its history, as inflation is rapidly slowing down in the gold, oil, and...

Inflation in Kenya recorded a notable decrease in July 2025, standing at 4.1% on an annual basis, down from 4.6% in June, according to data released on July 31 by the Kenya National Bureau of Statistics (KNBS). This is the lowest level since April 2020, reinforcing expectations of price stability in the months ahead. The...

Sterling Financial Holdings Company Plc (Sterling HoldCo), the parent company of Sterling Bank, recorded a significant 157% increase in after-tax profits in the first half of 2025, reaching 41.78 billion nairas (53.9 million USD) compared to 16.26 billion (21 million USD) in the same period in 2024. These unaudited results, published on July 30 on...

AXA Mansard Insurance Plc, a subsidiary of global giant AXA, has released its financial results for the second quarter and the first half ending on June 30, 2025. These results reveal a marked decline in the financial performance of the Nigerian insurer, in a still constrained local economic context. In the second quarter of 2025,...

Former Nigerian President Goodluck Jonathan has been appointed to the position of United Nations Special Envoy for the global crisis. This historic appointment is supported by the five permanent members of the Security Council (United States, United Kingdom, France, China, Russia). The Nigerian will thus make history by becoming the first African to hold this...

The Board of Directors of the Central Bank of Tunisia (BCT) decided on Wednesday, July 30 to maintain the key interest rate at 7.50%, after having lowered it in March for the first time in five years. This decision comes in a context of gradual disinflation, but still uncertain. According to a statement published on...

First National Bank (FNB) has announced the appointment of Ghana Msibi as the new CEO of FNB Business. This change, the bank emphasizes in a statement released on Thursday, July 31, is part of a desire to accelerate the growth of local businesses, with a focus on innovation and expanding access to financing. FNB presents...

Antananarivo, July 31, 2025 – Ivorian banker Gervais Atta has been elected as the head of the Southern African Development Community Business Council (SADC Business Council), with unanimous support from the Malagasy employers’ organization. This appointment comes as Madagascar is preparing to assume the rotating presidency of the SADC at the state level for the current year. Comprising the main employers’ organizations of the 16 member states, the SADC Business Council serves as the official interface between the private sector and regional institutions. It plays a strategic role in economic integration, facilitating intra-regional trade, and promoting investment within the SADC.…

On July 31, 2025, Orabank officially inaugurated a new premium agency in the heart of Almadies, a prestigious neighborhood in Dakar favored by the economic and diplomatic elites. This strategic opening marks a new step in the upscale development of the banking network in Senegal, with the stated ambition of attracting a wealthy clientele composed of executives, entrepreneurs, and high-income individuals. Located on the prestigious Almadies road, the agency aims to showcase the group’s premium offering, combining contemporary design, refined customer space, and personalized services. It targets individuals with high potential and business leaders seeking wealth management advice, investment solutions,…

The African Development Bank (AfDB) approved on July 29, 2025, a loan of $144.27 million to Niger to support the first phase of an ambitious program aimed at improving access to energy, reforming the governance of the sector, and boosting the country’s economic competitiveness. Named the Support Program for Governance and Competitiveness in the Energy...

The International Air Transport Association (IATA) is calling on African governments to make aviation a priority lever for economic growth, social development, and connectivity. With an estimated contribution of $75 billion to the continent’s GDP and 8.1 million supported jobs, the African aviation sector is expanding, with an expected growth rate of 4.1% per year by 2044. “Support for aviation underpins employment, trade, and tourism,” said Somas Appavou, IATA’s regional director for Africa. During a virtual conference dedicated to Africa on Wednesday, July 30, the international organization defined three key priorities: first, improving safety and security. Despite progress, the implementation…

In a notice published in the official journal on July 28, 2025, the Tanzanian government has banned foreigners from participating in 15 specific types of activities, ranging from general trade to service provision such as travel, mobile money, hairdressing, media, and light industry. Other services include offering domestic, office, and environmental cleaning services, small-scale mining...

NEM Insurance Plc released its financial statement as of June 30, 2025, confirming a strong growth in its assets, which reached approximately 1.07 billion dollars (159.9 billion nairas), compared to around 812.9 million dollars (121.9 billion nairas) at the end of the 2024 financial year. This growth reflects a strong performance in the first half...

The General Authority of the Suez Canal Economic Zone (SCZone) has signed an investment contract with CWA Textiles, an Egyptian company specialized in spinning, weaving, embroidery, and knitting, to establish a new factory in Sokhna, southwest of Suez. The announcement was made on Wednesday, July 30th by the SCZone. With a value of 19.9 million...

To revive its national airline, Guinea is counting on an African investment company: Gewan Africa Holding. The Guinean Ministry of Transport announced on Wednesday, July 30, 2025, the signing of a memorandum of understanding with this Holding for the revival of Air Guinea. The Guinean Civil Aviation Authority (AGAC) and Gewan Africa have indeed signed...