Author: The Editorial Staff

By Rodrigue Fenelon Massala In Equatorial Guinea, authorities have obtained a significant revision of the cost of several infrastructure projects entrusted to Sogea-Satom. Following a technical audit carried out by an international firm mandated by the State, the amount of work remaining to be done has been reduced from 35 billion to 19 billion FCFA,...

In Senegal, the Regional Customs Directorate of the South (DRS) confirms its strategic role in the economic and territorial security of the country. Following a six-day tour of the main customs units in the southern zone, the Director General of Customs praised, on Tuesday, June 9, remarkable results marked by an increase in tax revenues and an intensification of the fight against illicit trafficking. This field mission covered the customs offices of Ziguinchor, Séléty, Kalifourou, Sénoba, and Vélingara, as well as the subdivisions of Ziguinchor and Kolda, which oversee a total of 19 customs units deployed in a highly strategic…

Africa is gradually reshaping its financial landscape. In Lagos, Nigeria, on Thursday, June 4, 2026, the Africa Finance Corporation (AFC) announced that it had finalized a record-breaking syndicated loan of $2 billion, the largest fundraising in its history. Initially set at $1.6 billion, the operation was increased by $400 million due to strong demand from international banks, reflecting growing confidence in African infrastructure. The announcement, made from the headquarters of the pan-African institution, highlights a structural shift in global capital flows to Africa: Asian banks are now emerging as major players in financing the continent, alongside traditional European and Gulf…

In parallel with the General Assemblies of Shelter Afrique Development Bank (ShafDB) held in Rabat on June 9th, Senegal has taken a new step in its policy of social and sustainable housing. The Social Housing Fund (FHS) and the Rwandan group ADHI International have signed a Memorandum of Understanding for the realization of a pilot project of 1,000 integrated, affordable and EDGE-certified homes, for a total estimated investment of 39 billion CFA francs. This large-scale partnership is in perfect line with the country’s new strategic roadmap, the “Vision Senegal 2050”, initiated by the President of the Republic, His Excellency Bassirou…

At a time when African languages are receiving increasing attention in public policies, educational systems, and inclusion strategies, Alassane Ba, former leader of Shelter Afrique, former senior official of the African Development Bank, and former Acting CEO of Africa50, contributes to this linguistic valorization effort with the publication of a unique work: Specialized French-Pulaar Banking/Finance Lexicon. More than just a terminological collection, this work is a methodical attempt to translate some of the most sophisticated concepts of modern economics, accounting, banking, and financial markets into an African language. The author, a seasoned investment banker with thirty-seven years of experience, former…

Breaking News. Burkina Faso has just successfully completed one of the most significant financial operations in its recent history. According to information obtained by Financial Afrik, the first tranche of the Diaspora Bond launched on May 6, 2026, recorded 151.5 billion CFA francs in subscriptions at its closure on June 6, surpassing the initial target...

As part of a $150 million contract secured in a joint venture with AD Ports Group, the Congolese company is preparing to build the future container terminal in Pointe-Noire. It is both a consecration and a challenge. MBTP, one of the most active construction groups in the sub-region, has been selected as part of a consortium awarded a maritime works and surface development contract valued at approximately $150 million for the construction of the new Noatum Ports container terminal in Pointe-Noire. The contracts were signed on May 7, 2026 in Brazzaville, in the presence of the Congolese Prime Minister, Anatole…

By Ismael Sy, Rabat. The 45th Annual General Meeting of the Shelter Afrique Development Bank (ShafDB) opens on June 9, 2206 in Rabat, under the sign of a challenge that has become central to African economies: financing the accelerated urbanization of the continent. The opening ceremony is attended by Nadia Fettah Alaoui, the Chairman of...

Simandou 2040 and President Doumbouya’s Vision for Guinean Youth At the closing of the fifth edition of the Guinea Entrepreneurship and Employment Fair (SADEN) on June 5, 2026, the Minister Director of the Presidency, Mr. Djiba Diakité, delivered a powerful message: Guinea’s true wealth is its men and women—long before its minerals. For three days, Conakry vibrated to the rhythm of SADEN—the Guinea Entrepreneurship and Employment Fair, in its 5th edition. Entrepreneurs from all corners of the country, committed institutions, technical and financial partners, and above all: a determined, creative youth ready to build. It was in this context that…

For the fiscal year 2025, shareholders of Coris Bank International (CBI) will receive a net total dividend of 28.8 billion XOF (52 million USD) on June 19, 2026, as announced by the leaders of this banking institution based in Ouagadougou. Compared to the 32 million shares that make up the Bank’s share capital, the net...

The secondary market for UEMOA public securities experienced an exceptional week from June 1st to 5th, 2026. Exchanges reached 159.5 billion CFA francs, up 224% from the previous week, while the number of transactions surged by 150% to 75 operations. The number of active participants increased by 89% and the number of instruments traded by...

The Inter-African Institute for Insurance and Business Management (IFAGE) and the College of Insurance Kenya (COI), based in Nairobi, signed a Memorandum of Understanding (MoU) on June 6, 2026 in Cairo, dedicating the creation of a pan-African network for insurance education. Bringing together IFAGE for West and Central Africa, particularly the CIMA zone, and COI for East Africa, this partnership is part of a common vision: to promote insurance education rooted in African realities, open to innovation, and resolutely focused on professional excellence. The collaboration between the two institutions will focus on the development of joint academic programs, student and…

While Africa displays one of the fastest demographic growth rates in the world, social protection remains the Achilles’ heel of the continent’s development. According to a comprehensive study published in June 2026 by the FINACTU Group, a consulting firm specializing in financial and social sectors in Africa, less than 15% of Africans currently benefit from...

ks before the presidential election on October 25, 2025, President Alassane Ouattara announced a historic farmgate price of 2,800 CFA francs per kilogram for the 2025-2026 cocoa campaign. Presented as a victory for producers, this decision would, however, precipitate the sector into one of the most serious marketing crises in its recent history. This is...

In a report entitled “Cocoa Sector in Côte d’Ivoire: Anatomy of a Crisis (2012-2026)”, published in June 2026, AfroInvest provides a detailed analysis of the mechanisms that led Côte d’Ivoire, the world’s leading cocoa producer, from the euphoria of record prices to an unprecedented marketing crisis. Signed by Marcelin Dev and based on data from...

Bank Of Africa Niger’s stock is among the best performing bank stocks on the BRVM in recent months. In just six months, the stock has gained nearly 40%, highlighting investors’ persistent appetite for banking stocks in the West African Economic and Monetary Union (UEMOA). However, this surge in stock price contrasts with the operational difficulties...

The stock market of the Regional Stock Exchange (BRVM) closed the week of June 5, 2026 on a decidedly positive note. The three main indices all rose, with the BRVM Composite gaining 2.75% to 437.24 points, the BRVM 30 advancing by 2.92% to 205.37 points, and the BRVM Prestige by 2.94% to 170.97 points. This...

Egyptian fintech company Blnk has reached a new milestone. The company specialized in point of sale financing (POS financing) announced on June 8 a combined raise of $37.1 million, consisting of $12.5 million in equity and $24.6 million in local debt financing. The Series A funding round was led by Algebra Ventures, with participation from the SANAD Fund for MSME, Endeavor Catalyst, and Emirates International Investment Company (EIIC). On the debt side, several Egyptian financial institutions participated in the operation, including Suez Canal Bank, Bank Albaraka, National Bank of Egypt, Corplease, Globalcorp, and BM Lease. Founded in 2021, Blnk aims…

The global market for maritime insurance, cargo transport, and logistics entered a paradoxical phase in 2026. On one hand, insurance premiums continue to decline due to increased competition among insurers and the arrival of new capacities. On the other hand, geopolitical tensions in the Middle East abruptly revive the risk of war on strategic maritime...

The President of the Republic, Romuald Wadagni, continues to structure his presidential apparatus. By decree No. 2026-340 of June 1, 2026, he appointed Nicolas Simel Ndiaye as coordinator of the Presidential Strategic Support Office (BASE-PR), a new entity placed under the direct authority of the head of state. This appointment comes the day after the official creation of the Strategic Support Office, as stipulated by decree No. 2026-339. The structure is part of the governance framework put in place since Romuald Wadagni’s inauguration on May 24, with the ambition to accelerate the implementation of government reforms and priority projects. According…

Kadotien Alassane Soro, Country Head of Yango Ivory Coast and Regional Head for Francophone Africa, spoke with Financial Afrik on the sidelines of the Africa CEO Forum 2026 held last May. From the evolution of Yango beyond mobility to the rise of Yango Tech, including artificial intelligence, logistics, and digital regulation issues, he decrypts the transformations reshaping the African digital economy. Mr. Soro believes that Francophone Africa currently has the necessary conditions to become one of the main drivers of technological innovation on the continent, provided that market integration and regulatory framework harmonization are accelerated. Yango first made a name…

Buy the rumor, sell the news MARKET EDITORIAL African markets are entering the second semester with a mix of optimism and selectivity. Behind the spectacular performances displayed by several stock exchanges, a deeper reality emerges: Africa is gradually rediscovering the virtues of market financing. With a 63% increase since the beginning of the year, Ghana...

Since June 5, Rabat has been hosting the 5th Summit of Africanity dedicated to African female leadership. Over fifty prominent personalities representing twenty nationalities have responded to the call of the Africanity Trophy Foundation (FTA), ICESCO, and their media partner Financial Afrik. Beyond academic and diplomatic exchanges, this meeting illustrates the rise of a parallel African diplomacy driven by intellectual, economic, cultural, and associative networks. A diplomacy of bridges rather than borders, of which Nassrallah Belkhayate appears today as one of the most consistent promoters. Through the Africanity Foundation, he has managed to bring together diplomats, academics, entrepreneurs, politicians, and…

For a long time a spectator of the revolution of 100% mobile banks, Attijariwafa Bank is trying to take the lead. With the launch of “Simple”, presented on May 25, 2026 as Morocco’s first true neobank, the group chaired by Mohamed El Kettani seeks not so much to create a new bank (in a field...

On the occasion of the 2026 edition of the Africa CEO Forum, Kamel Koné, Deputy General Manager of HYDRODRILL SA and President of GESPETROGAZ-CI, shares his analysis of the challenges and opportunities that come with the growth of the African oil sector. Local content, access to financing, skills development of national companies, and cooperation between continent actors: he advocates for greater integration of African companies to better capture the value generated by the continent’s energy resources. Interview by Daniel DJAGOUE In a context of revitalization of the oil sector in Côte d’Ivoire, how do you evaluate the positioning of local…

In Dakar, Senegal has just opened a new chapter in its financial governance. The first Financial Mediation and Education Forum, organized on June 4 and 5, 2026 by the Observatory of the Quality of Financial Services (OQSF), brings together for the first time the entire financial ecosystem around an issue that has become strategic: restoring and consolidating trust in a financial system undergoing significant changes. In a context marked by the growing importance of mobile money, fintechs, banking digitization, and new financial services, these forums aim to reposition financial mediation not just as a simple mechanism for resolving disputes, but…

During the 2026 edition of the Africa CEO Forum, held on May 14 and 15 in Kigali, Abdou Diop, Managing Partner of Forvis Mazars, gave an interview to Financial Afrik. Governance of family businesses, financing of African champions, regional integration, risk management, and evolution of leadership on the continent: he provides his analysis of the main challenges that African companies must overcome to successfully scale up and establish themselves sustainably in regional and international markets. As an advisor to African multinationals, you observe from the inside the breaking points in growth trajectories. Beyond capital and market access, what governance and…

What if one of the most underestimated barriers to the continent’s growth was not the lack of projects, ambition, or even capital, but the low capacity to absorb shocks? This is the argument put forward in the white paper “Unlocking Africa’s Growth Potential: The Strategic Role of Insurance and Reinsurance”, published on the occasion of the 2026 Africa CEO Forum in Kigali. The report suggests considering insurance and reinsurance not just as technical products reserved for financial actors, but as instruments of economic stability, budget protection, and long-term capital mobilization. The observation is simple: an economy that does not know…

“‎This fund is used to do what is not said,” said Laurent Gbagbo during his presidency By Loceni Compaoré, Ouagadougou Almost all countries in the world have provided for political funds (sovereign funds) in their public financial architecture to allow the top officials of sovereign institutions to be shielded from certain constraints. Debates on the...

Riga. From West Africa to the shores of the Baltic Sea, the Regional Stock Exchange (BRVM) continues to set an example. Invited by the European Bank for Reconstruction and Development to its 35th Annual Meeting and Business Forum, the CEO of BRVM, Edoh Kossi Amenounve, presented on June 5, 2026 in Riga the unique experience...