Author: The Editorial Staff

The Nigerian economy recorded a 3.13% year-on-year growth in the first quarter of 2025, according to the National Bureau of Statistics (NBS), which recently revised its GDP calculation base to better reflect the current economic structure. The gross domestic product is now estimated at 372,822 billion naira (approximately 243.7 billion dollars), after a rebase from...

A new page is turned, another is written with determination and ambition. The Brown Family, led by the vision of Mr. Eddie Ford BROWN, shareholder and former Regional CEO French-speaking Africa of Prudential Africa, announces the total takeover of activities resulting from the joint venture between Prudential plc and the Beneficial Group, initiated in 2019, and the birth of a new entity: Belife Insurance. As a result of a strategic decision shared with Prudential Plc, this turning point marks the Brown Family’s commitment to continue the mission initiated since 1974 in Africa. All of Prudential Plc’s operations in French-speaking Africa,…

“GTA Assurances, a subsidiary of the Banque Centrale Populaire (BCP) Group, has handed over two modern sanitary blocks to the public primary schools Centrale C/E and Gadjanga, located respectively in the prefectures of Blitta and Agou. Intended for more than 1,400 students, this program aims to ensure a healthy and inclusive educational environment, an essential factor for academic success, especially for young girls. This action is part of the three-year community engagement plan launched in 2022 by GTA Assurances, in partnership with the Ministry of Primary and Secondary Education of Togo. It reflects GTA Assurances’ commitment to sustainably support public…

Ghana has reached a major milestone in the fight against climate change by transferring 11,733 tons of carbon credits to Switzerland, becoming the first African country to issue credits compliant with the Paris Agreement. This operation, considered the largest in the world in terms of volume of carbon credits registered in this framework, was carried out through Ghana’s national carbon registry and transferred to the Klik Foundation via the Swiss emission trading registry. It is part of a bilateral agreement signed in 2020 between the two nations, in accordance with Article 6 of the Paris Agreement. These carbon credits, called…

In her forward-looking vision to position her country and make the country’s seaport more attractive, the new president of Namibia has succeeded in attracting the Nigerian oil giant Dangote Petroleum Refinery, which has announced its intention to build a major oil terminal in the strategic port of Walvis Bay. Aliko Dangote, Africa’s richest man, is preparing to build fuel storage tanks with a capacity of at least 1.6 million barrels of gasoline and diesel. These tanks will supply countries in Southern Africa, including Namibia, Botswana, Zambia, Zimbabwe, and potentially the southeastern part of the Democratic Republic of the Congo, positioning…

In Gabon, the World Bank has some reservations about acquiring stakes in companies. This information is revealed in a conjuncture note recently made public by the international financial institution. The note mentions some of these acquisitions, such as “the acquisition, through the state-owned company Gabon Oil Company (GOC), of two oil producers, Assala Energy and...

The reduction of the protection deficit against natural disasters requires increased mobilization around innovative insurance solutions, participants affirmed at a parallel event organized within the framework of the G20 in South Africa. The event, held on July 17, 2025 in Durban, emphasized the central role that insurance can play in managing climate risks and the...

In order to stimulate American investments in the Democratic Republic of Congo (DRC) and modernize the mining sector through the use of advanced technologies, the Congolese government signed a principle agreement with the American company KoBold Metals on July 17, 2025 in Kinshasa. The agreement aims to strengthen cooperation in the field of mining exploration,...

According to the results of the liquidity offer of 430 billion CFA francs (762 million USD) issued on July 15, 2025 by the Central Bank of Central African States (BEAC) to commercial banks in the countries of the Economic and Monetary Community of Central Africa (CEMAC), they expressed needs of 639.1 billion CFA francs (approximately...

Three commercial banks operating in Cameroon want to take control of the Cameroonian subsidiary of the French banking group Société Générale by buying the shares currently held by the State (83.68%), following the agreement reached between the two parties and announced on July 15, 2025 by the Cameroonian Minister of Finance, Louis Paul Motaze. These banks are BGFIBank, NSIA Bank, and Zenith Bank. These credit institutions would like to take advantage of the government’s willingness, expressed by the Cameroonian Minister of Finance, Louis Paul Motaze, to open the capital of Société Générale Cameroon “to national and/or international financial partners”. First…

In Chad, a presidential decree signed on July 7, 2025 puts an end to the existence of the National Electricity Company (SNE), created in 2011, to make way for Tchadienne d’électricité (TchadElec), which becomes the public concessionaire of electrical energy in the country, with 100% of its shares owned by the Chadian state. This transformation...

Mozambique has obtained support from the World Bank for the construction of the Mphanda Nkuwa hydroelectric power plant, a $6.4 billion project aimed at strengthening its position in the regional energy market. The World Bank’s financial contribution is estimated at $1.4 billion, mainly for transmission lines and guarantees and assurances necessary to mobilize private financing. With a capacity of 1,500 megawatts, the project is part of Mozambique’s strategy to become a major electricity exporter within the Southern African Development Community (SADC). Mozambican President Daniel Chapo declared that the country aims to become an energy hub for the region. The infrastructure…

The Insurance Regulatory Authority of Uganda (IRA) has called on taxi drivers to take out car insurance, especially for third-party liability, in order to protect themselves against unforeseen risks and protect their loved ones. This call was made by the Director General of the IRA, Alhaj Kaddunabbi Ibrahim Lubega, during an awareness session held at the Insurance Tower with members of the Uganda Taxi Operators Federation (UTOF). This initiative aimed to better explain how third-party liability car insurance works and inform drivers about ongoing reforms. The goal is to increase the rate of enrollment in this mandatory insurance. The IRA,…

The Central Bank of South Sudan (BoSS) has taken a major step in digitizing the national economy by announcing, on July 18, 2025, the official recognition of Mobile Money as a legal means of payment for the purchase of goods and services throughout the country. This decision is part of the BoSS’s strategic plan for...

The Nigerian banking sector shone at the Euromoney Awards for Excellence 2025, with the ceremony taking place on July 17th in London. Two heavyweights of the country, Zenith Bank Plc and Wema Bank, were recognized, showcasing the strength and innovation of the Nigerian financial system on the international stage. Zenith Bank was awarded the prestigious title of “Best Bank in Nigeria”. This award reflects its outstanding performance, commitment to excellence, and ability to generate significant value for its customers and shareholders. The bank stands out for its consistency: leading in Tier-1 Capital for the sixteenth consecutive year according to The…

The automotive sector continues to attract the attention of the highest Algerian authorities. After entrusting the management of this strategic issue to the council of ministers, President Abdelmadjid Tebboune, during a press meeting, openly discussed the situation of Renault Algeria, whose assembly plant has been idle for five years. The Renault factory, inaugurated in November...

The Nairobi Stock Exchange (NSE) has received approval from the Capital Markets Authority (CMA) to remove the requirement of a minimum of 100 shares per transaction. Starting from August 1, 2025, investors will be able to buy and sell shares individually. According to the NSE, this measure aims to broaden access to the stock market,...

Togo is embarking on a new dynamic to strengthen the resilience of its agricultural sector through the implementation of a national agricultural insurance project. A series of multi-stakeholder consultations were held on July 10 and 11 in Lomé, with the objective of co-creating an insurance mechanism adapted to local realities. These discussions allowed stakeholders in...

The Ugandan insurance sector continued its growth momentum in the first quarter of 2025, according to statistics published by the Insurance Regulatory Authority of Uganda (IRA). The overall market turnover stood at 571 billion Ugandan shillings (approximately 154.9 million USD), representing a 12.51% increase compared to the 507.5 billion UGX (129.9 million USD) collected in...

During the mid-term review meeting in 2025, which took place on Tuesday, July 15, 2025 in Abidjan, the General Directorate of the Treasury and Public Accounting (DGTCP) announced that $696.81 million (394 billion XOF) had been paid to 1,828 state suppliers and service providers, out of a total amount of one billion dollars (567 billion...

To better protect against the effects of environmental crimes on its territory, the Cameroonian government, through the Ministry of Forestry and Wildlife (Minfof), has developed a document entitled “Code of Ethics and Deontology for the personnel of the water and forest department assigned to the protected areas of the national territory”. This guide for eco-guards...

The government of Lagos State in Nigeria has adopted an innovative parametric insurance designed to cover risks related to flooding. Developed by the Insurance Development Forum (IDF), this solution aims to ensure quick compensation for affected populations and businesses, while facilitating the reconstruction of disaster-stricken areas. This mechanism was created through a tripartite partnership involving...

The Rwandan public investment company Crystal Ventures Ltd (CVL) has appointed Nick Barigye as its new Chief Executive Officer, replacing Jack Kayonga who had been in this position since March 2020. This appointment comes in the context of accelerated regional expansion for CVL, whose portfolio is now estimated at $1.8 billion, covering strategic sectors ranging...

Senegal has reached a decisive turning point in its strategy to secure access to drinking water with the signing of the renegotiated contract for the construction of the Grande Côte seawater desalination plant, in partnership with the Saudi giant ACWA Power. This structuring project is now at the heart of the national economic ambitions within...

France officially ended its permanent military presence in Senegal on Thursday, July 17, 2025, after over sixty years of uninterrupted deployment. This withdrawal was mainly a promise from the new Senegalese president, Bassirou Diomaye Faye, elected in March 2024, to revise the military agreements signed with the former colonial power. Through a ceremony held at Camp Geille in Dakar, French military authorities handed over the last two military installations: Camp Geille and the military stopover at Dakar airport. The transfer took place in the presence of the Senegalese Chief of Staff, General Mbaye Cissé, and General Pascal Ianni, commander of…

By Pierre-Samuel Guedj, sustainability expert, economic diplomacy and government relations, President of Affectio Mutandi & of the RSE & ODD commission of CIAN Long confined to defending commercial interests and seeking foreign direct investments, economic diplomacy in Africa is undergoing a paradigm shift. At a time when climate, social, and governance issues are becoming decisive in global economic decision-making, sustainability, ESG criteria (environment, social, governance), and corporate social responsibility (CSR) are emerging as the new languages of power and geopolitical credibility. Sustainability and sovereignty: the ongoing transformation Far from being a passing trend, sustainability has become a matter of sovereignty…

London, July 21, 2025 – The Emerging Africa & Asia Infrastructure Fund (EAAIF), a fund of the Private Infrastructure Development Group (PIDG) managed by Ninety One, announced a $40 million investment in Axian Telecom’s five-year $600 million bond issuance. This contribution is part of a $160 million anchor investment made alongside the International Finance Corporation (IFC), British International Investment (BII), DEG (Germany), and Proparco (France). The issuance attracted strong interest from investors, with demand exceeding $1.3 billion, resulting in an oversubscription rate of 2. This financing is intended to support Axian Telecom’s investments in its subsidiaries operating in Madagascar, Senegal,…

By Master Ibrahima DIAWARALawyer, Registered at the Bar of Senegal on 06.02.1987. Holding a Master’s degree in Business Law. The initial finance law of 2025, in its various provisions, abolished articles 700 to 705 of the General Tax Code. This discreet manner of proceeding could suggest a desire to strengthen fiscal arbitrariness against the taxpayer.Indeed, these suppressions seem to be driven by the idea of ​​strengthening the powers of the tax administration by placing it beyond the scope of any external control that could create a contradictory mechanism for controlling and verifying its exorbitant powers.The tax administration, which, by law, has the…

Thunderclap in the Guinean bauxite sector. The Société des Bauxites de Guinée (SBG), a subsidiary of the sprawling conglomerate Monaco Resources Group – now renamed Sonel Investment – has lost its mining license. This decision, which occurred in mid-June against a backdrop of civil and criminal disputes, coincides, by pure chance or geopolitical synchrony, with the Principality of Monaco being blacklisted by the European Union, following the tightening of the FATF on money laundering. Based on the Rock, Sonel Investment presents itself as a global player, firmly anchored in natural resources, energy, logistics, and agri-business, with a turnover exceeding one…

Côte d’Ivoire continues to dominate the regional financial market. On July 17, 2025, the Ivorian Public Treasury successfully raised 96.25 billion XOF, equivalent to 173.25 million dollars, on the West African Economic and Monetary Union (WAEMU) financial market, following a simultaneous issuance of Treasury bills and bonds. The operation initially targeted a volume of 87.5 billion XOF, but investor confidence was demonstrated by an oversubscription of 149.9%, with 131.16 billion XOF in proposals. The Treasury accepted 73.38% of the offers, favoring Treasury assimilable bonds (OAT) with maturities of 3, 5, and 7 years, offering attractive gross yields ranging from 7.41%…