Author: The Editorial Staff

Luanda, June 19, 2025 – The 25th Annual General Assembly of the African Trade & Investment Development Insurance (ATIDI), formerly known as ATI, opened in Angola, a country firmly committed to economic diversification and openness to investments. This edition in Luanda marks an important milestone for the pan-African institution – its quarter-century of existence – and a recognition of Angola’s growing role as a strategic regional player. An official opening in a country undergoing transformation In the prestigious setting of the Intercontinental Hotel in Luanda, the opening speeches emphasized the convergence between the ambitions of ATIDI and those of Angola,…

Vienna, June 18, 2025 – On the sidelines of the 4th High-Level Forum of the Organization of the Petroleum Exporting Countries (OPEC), held in Vienna under the theme “Shaping our Future Through Transition”, the Islamic Republic of Mauritania secured a commitment of $2 billion in financing from the Arab Coordination Group (ACG). As the guest of honor at this edition, Mauritanian President Mohamed Cheikh El Ghazouani was welcomed by the President of the OPEC Fund for International Development (OFID), Dr. Abdulhamid Alkhalifa, and the President-elect of the African Development Bank (AfDB), Mauritanian Sidi Ould Tah. The Mauritanian head of state…

The Treasury of Burkina Faso received on June 18, 2025, in the financial market of the West African Economic and Monetary Union (WAEMU), an amount of 32.999 billion CFA francs (59.399 million dollars) following a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) of 3,...

The Moroccan tourism sector has achieved an unprecedented performance, with 7.2 million visitors welcomed between January and May 2025. This sustained growth is the result of a proactive strategy, as indicated in a statement from the ministry in charge. This figure represents a 22% increase compared to the same period in 2024, with an additional...

Asante Gold (CSE: ASE), a gold producer active in Ghana, has secured financing of $470 million to clean up its financial structure, support the expansion of its mining operations at Bibiani and Chirano, and prepare for its listing on the TSX Venture Exchange (TSXV), scheduled for mid-August. The transaction combines several financial instruments, including a...

Morocco and Rwanda have reached a new milestone in their bilateral cooperation by signing a structuring military agreement in Rabat on Wednesday, June 18, aimed at strengthening their ties in the fields of defense and security. Signed on the sidelines of the official visit of the Rwandan Minister of Defense, Juvenal Marizamunda, received by his...

Economic and development issues were at the heart of the friendship and cooperation visit of the Guinean transitional President, General Mamadi Doumbouya, to Ivory Coast on Tuesday, June 17, 2025. Ivorian President Alassane Ouattara and his Guinean counterpart jointly expressed their willingness to strengthen bilateral exchanges in key sectors. Trade between the two countries, estimated at 150 million euros per year according to the World Trade Organization (WTO), has significantly increased by 78% according to Ivorian President Alassane Ouattara. However, the two countries aim to take economic cooperation to a higher level, particularly in the energy, mining, transportation, and infrastructure…

The signing of an agreement last April between Sunrev Solar, a Chinese giant in solar components, and the authorities of the Suez Canal Economic Zone (SCZONE) allowed Egypt to take a major step in the development of its green industrial infrastructure. This led, on June 17, 2025, to the execution of a project estimated at...

A decisive step has just been taken in the reconciliation process between the Democratic Republic of Congo (DRC) and Rwanda. According to concordant sources within the US State Department, the two countries initialed a draft peace agreement in Washington on Tuesday, June 17, marking a significant advance in ongoing diplomatic efforts. This document, the result...

With 415 billion CFA francs in assets under management at the end of May 2025, Harvest Asset Management crosses a symbolic threshold and consolidates its leadership in the CEMAC zone. This milestone marks a new advancement in the sustained growth trajectory that the company has experienced since its creation. In an ever-changing financial environment, this...

It is now official: Société Générale Maroc gives way to Saham Bank. The announcement was made on June 18, 2025 in Casablanca, during a press conference chaired by Ahmed Yacoubi, chairman of the bank’s management board. This new name marks the completion of the acquisition of the Moroccan subsidiary of Société Générale by the Saham...

Ivory Coast confirms its leadership position in green financing. This Tuesday, June 17, 2025, Ivorian authorities officially announced the receipt of a second carbon payment of 15 million dollars, approximately 9 billion CFA francs, as part of the Emission Reductions Payment Project (PRE) around the Taï National Park. This payment brings the total received by the country to 50 million dollars (30 billion CFA francs) for its efforts to reduce CO₂ emissions, under a contract signed with the World Bank and financed by the Forest Carbon Partnership Facility (FCPF). The announcement was made in Abidjan, during a press conference in…

N’Djamena, Chad – June 19, 2025. Coris Bank International officially launched its brand in Chad on June 18, 2025, marking a strategic step in strengthening its pan-African presence and commitment to financial inclusion. The launch ceremony was held under the presidency of Marshal Mahamat Idriss Déby Itno, President of the Republic, Head of State, represented on this occasion by Mr. Tahir Hamid Nguilin, Minister of State, Minister of Finance, Budget, Economy, Planning and International Cooperation. The event brought together a wide range of personalities: government representatives, diplomats, economic actors, financial partners, as well as members of the national and international…

Bloomfield Investment Corporation, the pan-African rating agency, confirmed, following its latest rating committee (June 2025), the credit ratings of BOA Burkina Faso, a subsidiary of the Bank of Africa group. The bank thus retains its long-term A+ rating and short-term A1 rating, both with a stable outlook, indicating satisfactory credit quality despite a challenging economic and security environment. Economic resilience and strong fundamentals In its analysis, Bloomfield notes that the Burkinabe economy showed robust growth of 5.5% in 2024, a significant increase from the 3% recorded in 2023, demonstrating some resilience in a still concerning security context. For BOA Burkina…

Abidjan, June 2025 – Following its latest assessment, Bloomfield Investment Corporation has confirmed the long-term rating of Bank of Africa Côte d’Ivoire (BOA CI) at A+, with a stable outlook, and maintained its short-term rating at A1-, while upgrading its outlook from stable to positive. This rating reflects the financial strength of the bank in an environment characterized by a tightening of the BCEAO’s monetary policy. A dynamic banking environment despite a stricter monetary context The Rating Committee notes that the Ivorian banking sector continues to grow, despite the increase in key rates by the BCEAO – with a weekly…

The Consumer Price Index (CPI) in South Africa recorded a moderate increase of 0.2% in May compared to April, according to data published by Statistics South Africa on Wednesday, June 18. The overall inflation remained stable at 2.8% on an annual basis, unchanged from the previous month, as expected by analysts. Meat, main driver of...

The Olkaria geothermal project by the public company Kenya Electricity Generating Company (KenGen) is 70% completed and has received key equipment, paving the way for increased development of renewable energy in the country. The project is located in Hell’s Gate National Park, Kenya, about 120 kilometers from the capital, Nairobi. Once completed, as stated in a press release on Wednesday, June 18, the Olkaria I geothermal project is expected to provide 63 megawatts of renewable energy to the Kenyan national grid, further solidifying the country’s position as a global leader in geothermal energy. The public company announced that two steam…

Between 2020 and 2024, Cameroon has a deficit in its foreign exchange operations at the Central Bank of Central African States (BEAC) window of 1.6 trillion CFA francs (2.8 billion USD). This information was revealed during the “Finance Week” in Yaoundé on June 17, 2025 by the national director of the Central Bank for Cameroon,...

The economic capital of Ivory Coast welcomed, on June 17 and 18, 2025, the President of the Republic of Guinea, General Mamadi Doumbouya, as part of a visit of friendship and work. This official visit is part of a strong willingness of both countries to strengthen their bilateral cooperation, with a particular focus on economic...

The turnover of Sucrivoire, specialized in the production and marketing of sugar, recorded a 13% decrease at the end of the first quarter of 2025 compared to the same period of the 2024 fiscal year, announced the leaders of this company based in Borotou-Koro, a locality located in the Northwest of Côte d’Ivoire. The company’s...

By Abderrahmane MEBTOUL, professor of Universities . Professor at universities, international expert in geostrategy, director of energy studies at the Ministry of Energy – Sonatrach 1964-1976 – President of the energy transition commission of the 5+5+Germany 2019-2021 – Doctor of State 1974 – Abderrahmane MEBTOUL – member of several international organizations What are the possible scenarios of the Israel-Iran conflict? The current conflict between Iran and Israel has implications for the Middle East but concerns the whole world. Between geopolitical flare-ups and strategic maneuvers, markets are heating up. As military tensions between Israel and Iran intensify, analysts are revising their…

Octopus Energy, a British group active in clean energy technologies, announced on Wednesday, June 18, the launch of its first African energy fund. The goal is to boost investments in one of the most promising renewable energy markets in the world. With an initial budget of $60 million, this new instrument named “Octopus Energy Power...

Nigeria is reaching a new milestone in its energy strategy. For the first time, a shipment of 90,000 tons of gasoline produced by the Dangote refinery will be heading to Asia, marking the country’s first export outside of West Africa since the launch of the mega-oil facility. Since its commissioning in 2024, the refinery, with a capacity of 650,000 barrels per day, had previously reserved its exports for West African markets. This shift in direction reflects a growing ambition to establish itself on the global energy stage. According to Reuters, the Swiss company Mercuria Energy Group, specializing in oil and…

Atlas Investment and Food Industries (AIFI), listed on the Cairo Stock Exchange, announced a net loss of 1.668 million Egyptian pounds (approximately 34,000 USD) for the first three months of 2025, compared to 1.943 million pounds (nearly 38,670 USD) a year earlier, representing an improvement of 14.13%. The non-consolidated earnings per share remains unchanged at 0.003 EGP. This reduction in losses reflects the initial effects of the rationalization program launched by the group to cope with an ongoing challenging economic environment. Efforts focus on optimizing stocks, reducing non-essential expenses, and diversifying towards new export markets. For the full year 2024,…

The Central Bank of Namibia has decided, on Wednesday, June 18, to keep its main key rate unchanged at 6.75%. This decision was unanimously adopted by its monetary policy committee, and consequently maintains the commercial banks’ prime rates at 10.50%. This direction aims to preserve the Namibian dollar’s peg to the South African rand, while supporting the national economic activity. According to the Central Bank, the Namibian economy grew during the first four months of 2025, albeit at a more moderate pace than during the same period in 2024. This growth was mainly driven by the mining, tourism, commercial, transportation,…

Senegal has just reached a decisive step in its sustainable urban development policy. In an official statement received on June 17, 2025, the World Bank announces the approval of a concessional financing of $100 million through the International Development Association (IDA), aimed at deeply transforming urban mobility in the Dakar agglomeration, while preparing for the...

In May 2025, the annual inflation rate in South Africa remained unchanged at 2.8%, in line with analysts’ forecasts, according to data released on Wednesday, June 18 by the national statistics agency. This level, below the midpoint of the 3 to 6% target set by the South African Reserve Bank (SARB), has been observed since...

The Congolese Minister of Justice and Keeper of the Seals, Constant Mutamba, announced his resignation on Tuesday, June 17, 2025, to the President of the Republic, Félix-Antoine Tshisekedi Tshilombo. This decision comes just 48 hours after the National Assembly lifted his immunity, authorizing legal proceedings against him. According to sources cited by Jeune Afrique, the resignation was accepted by the head of state, following a discussion that lasted nearly an hour. A formal confirmation letter is expected to be sent to the president’s office and that of the Prime Minister, Judith Suminwa Tuluka, on Wednesday. The now former Minister of…

The Ghana Chamber of Mines predicts a moderate increase in gold production by the end of 2025, despite operational challenges and the closure of certain mines. According to its outlook announced on Monday, June 16, production could reach between 4.4 and 5.1 million ounces, supported in particular by the performance of small mining operations which...

The Bank of Tanzania (BOT) has signed agreements to purchase 20% of the gold extracted from the country in order to increase its foreign reserves. The four agreements were signed on Monday, June 16 in Dodoma, the capital, with Geita Gold Mining, Shanta Gold Mining Company, Buckreef Gold Company, and Geita Gold Refinery. This is...