Author: The Editorial Staff

The Financial Market Council (CMF) and the General Insurance Committee (CGA) have formalized the signing of a cooperation and information exchange agreement, marking a new step in the coordination between the regulators of the financial and insurance sectors in Tunisia, according to a statement published on Thursday, July 24. Signed by Jouda Khemiri, president of the CGA, and Hatem Smiri, president of the CMF, this agreement was concluded during a ceremony held at the headquarters of the General Insurance Committee, in the presence of several executives from both institutions. It aims to strengthen the efficiency and transparency in supervising financial…

The Banque Extérieure d’Algérie (BEA) announced on July 23, 2025, that it had successfully carried out a bond issue of 15 billion Algerian dinars (approximately $111 million) for the Tosyali Algeria steel group, marking a strategic financial operation in support of national industrial development. As the lead arranger for the placement syndicate, BEA hailed this...

Attijariwafa Ventures, a venture capital fund and investment vehicle of Attijariwafa bank group dedicated to financing high-impact technological startups, has announced its participation in the $8 million round of funding for the Ghanaian digital bank Affinity Africa. This fundraising also involved renowned international investors, including Backed VC (UK), Grazia Equity (Germany), and Enza Capital (Kenya/UK),...

Yango, the digital platform, inaugurated its regional headquarters in Abidjan on July 24, 2025. “The opening of the regional office in Abidjan represents a major milestone for us… Ivory Coast is our largest and most advanced market in Africa, a showcase for our digital ecosystems. Thanks to its advanced digital adaptation, this market is not...

According to the annual report published by the Ministry of Economy, Planning and Regional Development (Minepat), the total outstanding domestic credit increased from 5,404.2 billion CFA francs (9.5 billion USD) in 2023 to 8,309.3 billion CFA francs (14.6 billion USD) in 2024, representing a 7.3% year-on-year increase. Minepat attributes this performance to “the significant increase...

Algeria and Italy concluded on Wednesday, July 23, 2025, on the sidelines of the 5th session of the Algerian-Italian Intergovernmental Summit in Rome, an agreement worth one billion euros for the construction of a pre-reduced iron steel plant in Algeria. The project is led by a consortium formed by CEIP Scarl (bringing together twelve Italian...

The first quarter of the 2025 fiscal year marks a clear turning point in Airtel Africa’s profitability trajectory, with a pre-tax profit of $273 million, up 269% from the previous year. This figure alone represents 41% of the annual pre-tax profit achieved in the previous fiscal year, which ended in March 2025. This level of...

According to the conclusions of the board meeting held in Yaoundé on July 11, 2025, during the 2024 budget year, Electricity Development Corporation (EDC), the public infrastructure company in the electricity sector in Cameroon, achieved a net profit of 20.5 billion CFA francs (35 million USD). An increase of 12 billion CFA francs, after taxes...

It is a new step taken in the process of resolving the crisis between the Democratic Republic of Congo (DRC) and Rwanda. The two parties have reached a consensus on the principles of voluntary return of refugees, under the intervention of the United Nations High Commissioner for Refugees (UNHCR), according to a joint statement signed...

The global market for commercial credit insurance saw a significant decrease of nearly 25% in 2024 in both the number and value of claims, according to the latest data jointly published by the Lloyd’s Market Association (LMA), the International Underwriting Association (IUA), and the London & International Insurance Brokers’ Association (LIIBA). However, Africa remained at the center of this dynamic, accounting for 71% of claims reported worldwide, far ahead of Europe (14%), the Americas (10%), and Asia (5%). This annual survey, conducted by A2Z Risk Services, identified 185 claims totaling over 400 million dollars, a decrease of over 100 million…

As the election for the future Director-General of UNESCO approaches, the competition is heating up. Each party is refining its strategy, including Congo, which has launched a diplomatic tour in southern Africa since July 22 to support the candidacy of Firmin Matoko for the position of Director-General. This tour takes place in a crucial geopolitical and diplomatic context aimed at obtaining the decisive support of the Southern African Development Community (SADC) bloc, which had strategic relations with Congo in the past. Once a rear base for several liberation movements in the fight against colonialism and apartheid, Brazzaville has allies in…

Fly Gabon, the young airline, continues its ambition to shine in the African sky. On July 25, 2025, it officially received an Airbus A320 at Libreville’s Léon Mba International Airport, marking a decisive step in its regional development strategy. The ceremony took place in the presence of the President of the Republic, Brice Clotaire Oligui Nguema, who hailed a moment of regained sovereignty: “Today, we are resolutely setting out to conquer the sky. By welcoming an Airbus A320, which strengthens the fleet of our national airline Fly Gabon, we reaffirm our regained sovereignty in the aviation sector, and more broadly…

The AES states – Mali, Burkina Faso, Niger – are making great strides towards the creation of a Confederation Bank for Investment and Development (BCID). An ambitious project, promoted as the instrument of Sahelian economic sovereignty, intended to finance infrastructure, industrialization, and agricultural transformation. On paper, the idea is appealing: a bank of the states, by the states, for the states. In reality, the details remain unclear, the financing uncertain, and the operational capacity largely speculative. The announced initial capital – 500 billion CFA francs – is significant on the scale of the AES, but modest compared to the colossal…

In the context of its CSR commitment and participation in the “Green Plan” program of the National Institute of Directors of Ivory Coast (INAD-CI), Banque Atlantique, a subsidiary of the pan-African group Banque Centrale Populaire (BCP), continues its action in favor of forest preservation in Ivory Coast. On Saturday, June 28, 2025, the bank organized a new reforestation campaign covering five hectares in the classified forest of Bétéfia, near Yamoussoukro. With this second operation, the total reforested area since the beginning of the partnership in 2024 now reaches ten hectares, out of a total goal of 25 hectares by 2029.…

By Dr. Mohamed H’MIDOUCHE, CEO, Inter Africa Capital Group In a context of accelerated energy transition and increasing pressure for the decarbonization of economies, Africa holds a major strategic asset: its abundant reserves of critical minerals – cobalt, lithium, nickel, rare earths, graphite, and copper. These resources are essential for the production of batteries, wind turbines, electric vehicles, and low-carbon technologies. However, without strong and sustainable governance, this advantage can turn into a curse. Hence the urgent need for an African ESG framework adapted to these specific challenges. During the 20th session of the African Ministerial Conference on the Environment…

Moody’s has upgraded the outlook of Ecobank Transnational Incorporated (ETI) from “negative” to “stable”, while confirming the B3/Not Prime ratings for its short and long-term debts. This decision is based on the improvement of the group’s fundamentals and the progress of the recapitalization of Ecobank Nigeria, its main subsidiary. In its report published on Wednesday,...

In the first quarter of 2025, Senegal’s trade deficit decreased by 305.5 billion CFA francs (550 million dollars), according to data from the Direction of Forecasting and Economic Studies (DPEE) based in Dakar. This trade deficit stands at 238.9 billion CFA francs, due to the increase in goods exports (+173.3 billion) combined with a decrease in imports (-150.2 billion). “Thus, as highlighted by the DPEE in its conjuncture note, during this period, the import coverage rate by exports is estimated at 85.5% compared to 69.0% the previous month.” During the first quarter of 2025, goods exports are estimated by the…

New face at the helm of the Central Bank of the Congo (BCC). By presidential decree made public this Wednesday, July 23, André Wameso was officially appointed governor of the issuing institute, succeeding Malangu Kabedi Mbuyi. This appointment marks a new milestone in the career of a technocrat known for his rigor and expertise in economic management. Until his appointment, André Wameso held the position of deputy chief of staff to the head of state, in charge of economic and financial issues. Before joining the Presidency in April 2021, Mr. Wameso had been one of the five roving ambassadors of…

Isuzu East Africa, a regional vehicle assembler, plans to test the Kenyan electric vehicle (EV) market with the launch of its first battery-powered truck before the end of the year. The company is positioning itself to meet the country’s evolving transportation needs as part of a broader global transition towards sustainable mobility solutions. In an interview with Financial Afrik, Rita Kavashe, Chairperson of the Board and Managing Director of Isuzu East Africa, stated that one of the main concerns regarding the introduction of a new electric vehicle to the Kenyan market and the reason it took them some time before…

While Angola is striving to stabilize its declining crude oil production, the country has reached a new milestone with the start of the Begónia project, which will contribute 30,000 barrels per day to national production. The announcement was made on Wednesday, July 23 by the National Agency for Oil, Gas and Biofuels (ANPG). Located about 150 kilometers off the coast, Begónia represents the country’s first inter-block subsea development, connecting blocks 17 and 17/06 at depths ranging from 800 to 1,200 meters. The project connects five subsea wells to the existing infrastructure of the FPSO Pazflor, located in block 17, for…

The Congolese government continues the modernization of the N’djili International Airport, a strategic gateway to the Democratic Republic of the Congo. A major project, estimated at $570 million, includes the construction of a new state-of-the-art terminal of 50,000 m², capable of accommodating up to 5 million passengers per year, compared to around 800,000 currently. It...

Santam Limited, one of South Africa’s leading general insurers, has received principle approval from Lloyd’s of London to establish a reinsurance syndicate based in the United Kingdom. This authorization is subject to meeting operational requirements set by Lloyd’s. South African regulatory approvals have already been obtained, while final underwriting approval is expected in the fourth...

For the first six months of 2025, cement manufacturer Lafarge Africa Plc reported a profit after tax of 132.7 billion naira (88.5 million USD), a significant increase compared to the 29.4 billion naira (19.6 million USD) recorded in the same period in 2024. Revenue also increased by 75%, reaching 517 billion naira (344.7 million USD),...

The Kenyan government has officially launched its very first fertilizer insurance program, a joint initiative between the Ministry of Agriculture and several private sector partners. This innovative scheme aims to protect smallholder farmers against climate-related risks, such as drought and floods, while enhancing the resilience of the agricultural sector. Developed in partnership with Pula Advisors,...

DP World Trade Finance has mobilized over 1 billion USD in working capital for businesses based in emerging markets, according to a company statement released on Wednesday, July 23rd. This financing was made possible through DP World’s exclusive loans and partnerships with over 32 financial institutions, including J.P. Morgan, Standard Bank, and Nedbank. The initiative aims to address a portion of the global trade finance gap, estimated at 2.5 trillion USD by various international institutions. DP World’s model is based on integrating financing into its logistics operations. The company provides both capital and real-time visibility on supply chains, enabling faster…

The Guarantee Fund for Priority Investments (FONGIP) signed three major agreements on Tuesday, July 22, with the Ministry of Tourism and Handicrafts of Senegal. This triggers a new dynamic of regional financing to allow regional financial institutions to play a central role in supporting the hospitality and crafts sectors, which are strategic but often penalized...

The Nigerian Senate has approved President Bola Tinubu’s plan to borrow over $21 billion in external loans to fill the deficit in the 2025 federal budget, announced Solomon Adeola, chairman of the credit committee, on Tuesday, July 22. The borrowing program includes loans of 4 billion euros (approximately $4.7 billion), 15 billion Japanese yen (approximately...

The Oyass Capital fund, born from a strategic partnership between FONSIS (Sovereign Strategic Investment Fund of Senegal) and the German bank KfW as part of the G20’s Compact with Africa initiative, launched its first operations on Tuesday, July 22 by injecting 2.7 billion CFA francs (4.5 million USD) into two Senegalese SMEs with high potential:...

Breton Technology, the African subsidiary of the 15th Metallurgical Construction Group, a Chinese state-owned company, delivered around thirty fully electric mining trucks to a copper extraction site in Zambia on Sunday, July 20, 2025. This initiative marks the first large-scale deployment of this type of vehicles on the African continent. These vehicles, designed to operate...

The Actuarial Society of South Africa (ASSA) has launched a unique framework to help life and health insurers assess the impact of climate change on mortality and morbidity. This new tool, developed by a group of actuaries, aims to model the health effects of extreme weather events on policyholders, especially in the most vulnerable areas...