Author: The Editorial Staff

Budget revenues from the Togolese extractive sector amounted to 119.4 billion CFA francs (approximately 215 million USD) in 2023, according to the latest report from the Extractive Industries Transparency Initiative (EITI). This amount is slightly dominated by tax revenues (53.39%) ahead of non-tax revenues (46.61%). The previous year, budget revenues stood at 15 billion CFA...

Cairo, February 9, 2026 – Qatari banking group QNB Group continues to upscale in North Africa with the official launch of its Private Banking services within its subsidiary QNB Egypt. A strategic initiative aimed at attracting wealthy clients seeking personalized, highly secure, and integrated services. This new offering is based on a dedicated team of...

In Gabon, a dispute between the National Social Security Fund (CNSS) and the National Health Insurance and Social Welfare Fund (CNAMGS) and the company CLIKAFRIK is taking on a sensitive political dimension. The issue at hand is a contract worth a total of 3.24 billion CFA francs, signed on August 14, 2023, and now contested...

The Federation of African National Insurance Companies (FANAF) is celebrating half a century of existence in Abidjan starting from Monday, February 9th, in service of the development of the African insurance sector. Fifty years marked by a constant ambition: to reconcile the populations of the continent with insurance, in a context where protection against risks...

The Heads of State of the Economic and Monetary Community of Central Africa (CEMAC) decided on January 22, 2026 in Brazzaville to repatriate assets held outside the zone by States and export revenues of companies, especially those from hydrocarbons, the mining sector, and raw materials. This is a measure on which the Bank of Central African States (BEAC) is fully committed. On January 30, in a meeting with the Deputy Assistant Secretary for African Affairs at the U.S. Department of State in Yaoundé (Cameroon), Governor Yvon Sana Bangui reiterated these new guidelines aimed at ensuring that revenues generated by exports…

The UEMOA Court of Justice, ruling publicly and contradictorily, in first and last instance, in matters of community law, on January 28, 2026, on the sanctions adopted or endorsed by the Conference of Heads of State and Government (CCEG) of the Union against Mali on January 9, 2022, declared the latter illegal and nullified them. The decision rendered on January 28, 2026 by the UEMOA Court of Justice marks a major turning point in the legal and economic history of the Union. By annulling the economic and financial sanctions adopted in January 2022 against Mali by the Conference of Heads…

Dakar, February 4, 2026 – The World Bank Group will undertake an official high-level mission to Senegal from February 5 to 13, as part of strengthening its strategic partnership with national authorities. The delegation will be led by Ousmane Diagana, Vice President for West and Central Africa, and Ed Mountfield, Vice President and Chief Financial...

By Louceni Compaoré, Ouagadougou. The tax squeeze tightens in Ouagadougou. In 2026, the authorities of Burkina Faso implement a major tightening of the VAT collection system: the withholding tax officially increases from 20% to 30%. This decision follows a 2025 already marked by unprecedented tax pressure on taxpayers. The General Tax Directorate, the country’s main revenue agency, had intensified its collection and control operations. The numbers speak for themselves: Never before had the Burkinabe tax administration deployed such a wide range of measures to secure its revenues. With the increase of the VAT withholding tax to 30%, the State is…

Johannesburg, South Africa, February 4, 2026: – The Republic of South Africa officially joined the Establishment Agreement of the African Export-Import Bank (Afreximbank) today, the main multilateral financial institution in Africa, marking the official entry of the largest African economy into the circle of Bank members and announcing the financial sovereignty of both parties. This membership follows the historic approval of the accession by the South African Parliament in 2025, cementing a strategic partnership between the main African multilateral bank and the continent’s industrial powerhouse. South Africa becomes the 54th state to join the Bank’s constitutive agreement, a historic step…

General Manager of Vitach Guinea, Kaba Boubacar discusses, with Financial Afrik, the ongoing projects of his company, and the necessity of public-private partnerships. “Major energy projects cannot be carried out without PPPs,” he said in Banjul (Gambia), on the sidelines of the 7th edition of the Financial Afrik Awards held on January 22 and 23, 2026.

The Togolese fintech company Ollo Africa announced an increase in its capital, raising its equity from 68 million CFA francs to 1 billion CFA francs (approximately 1.8 million USD). This operation reflects the entry of Togolese and American business angels into the capital alongside the founding shareholders, according to a statement released by the company on Tuesday, February 3. “This capital increase represents a turning point for Ollo Africa. It validates our approach: digitizing rotating savings and credit associations while preserving their social essence,” said Mawuna Koutonin, the CEO of the fintech. He commented on this operation as a “confidence”…

“At a time when regional financial markets are gaining depth and sophistication, IMPAXIS Securities stood out in 2025 with a series of structuring and innovative operations in the regional financial market. Sovereign and corporate borrowings, labeled operations, unprecedented securitizations: the past year marks a turning point for the management and intermediation company. Its Managing Director, Ababacar S. Diaw, looks back on the operations, the added value of Impaxis, and its prospects. 1. Strategic vision and positioning How would you describe Impaxis’ strategic orientation in the past year? First of all, allow us to thank our partners for their trust and…

The Regional Stock Exchange achieves a historic milestone. As of January 30, 2026, the capitalization of the stock market exceeds for the first time the symbolic threshold of 14,000 billion CFA francs, reaching 14,069.66 billion CFA francs. Compared to December 31, 2025, the regional financial market shows a 5.54% increase, representing almost 739 billion CFA francs of additional value created in less than a month. This performance reflects a particularly dynamic start to the year, driven by both the rise of several large capitalizations and a significant increase in market activity. Several leading stocks have contributed to this surge, including…

Banjul, Gambia — January 23, 2026. On the sidelines of the Financial Afrik Awards gala, the jury named Birahim Diouf Financialer of the Year, recognizing a career marked by rigor, continuity, and an intimate understanding of market infrastructures. The choice was made following a thorough deliberation, based on the comparative analysis of several prominent profiles, presented in Financial Afrik issue 126. Quietly, the jury selected a determining criterion: the successful transition from a settlement-delivery cycle of J+3 to J+2, a structural reform that reflects a maturation of the regional financial market and its gradual alignment with international standards. Director General…

Atlantic Microfinance For Africa (AMIFA) emerged in 2025 as one of the undisputed champions of financial inclusion on the continent, a position praised at the Financial Afrik Awards. Created in 2014 by the Banque Centrale Populaire Group, AMIFA now operates a pan-African network of 8 operational subsidiaries, with over 1,100 employees and nearly 100 branches, serving micro-entrepreneurs, SMEs, women, and youth directly. At the group level, cumulative disbursements reach around 200 billion CFA francs for more than 12,000 loans granted, with a loan portfolio estimated at 112 billion CFA francs in 2024 and a resource portfolio close to 89 billion…

Concerto, a French group specializing in economic intelligence, strategic communication, and public affairs, welcomes CAPZA as a minority investor in its capital. The investor holds approximately 30% of the capital, with no change in governance. Announced on January 29th, the operation is intended to support the trajectory of the French group founded in 2016 by François Hurstel, who has made emerging markets its main playing field. Present in Abidjan, Dakar, Nairobi, Cape Town, Casablanca, Tunis, Dubai, and Paris, the company aims to accelerate its development by consolidating its presence in existing markets while expanding into new markets, particularly in English-speaking…

Concerto, a French group specialized in economic intelligence, strategic communication and public affairs, welcomes CAPZA as a minority investor in its capital. The investor holds around 30% of the capital, with no change in governance. Announced on January 29, the operation is intended to support the trajectory of the French group founded in 2016 by François Hurstel, who has made emerging markets its main playing field. Present in Abidjan, Dakar, Nairobi, Cape Town, Casablanca, Tunis, Dubai, and Paris, the company aims to accelerate its development by consolidating its existing locations while opening up new markets, particularly in English-speaking Africa and…

The Indian group Tata continues to strengthen its presence in Morocco. After the automotive sector, engineering, and forays into strategic sectors, the conglomerate takes a new step with the establishment of Tata Consultancy Services Maroc SARL AU (TCS Maroc), a subsidiary owned 100% by Tata Consultancy Services Limited. Established on January 23, 2026, with an...

Facing the persistence of irregular migration among young people, the International Commission on Human Rights, Funds and Relief (IHRC-RFT) organized, on Thursday, January 29, 2025, in Dakar, a strategic seminar focused on the theme “Youth, migration and local opportunities: staying and building resilient futures”. The initiative is part of the national dynamic for the implementation of the National Strategy to Combat Irregular Migration (SNLMI) and aims to strengthen structural responses to a phenomenon with major human, economic and social consequences. Bringing together representatives of the State, technical and financial partners, migration experts, civil society actors and young leaders, the meeting…

Casablanca, January 26, 2026 – As part of the implementation of the new Investment Charter, a key pillar of the national strategy aimed at boosting productive investment and job creation, BANK OF AFRICA is reinforcing its historical commitment to Very Small, Small and Medium Enterprises by launching PME INVEST by BOA, a comprehensive offer dedicated...

The agency for the management and promotion of public securities in the UMOA zone, Umoa-Titres, held the 8th edition of the Public Securities Markets Meetings (REMTP) on Tuesday, January 27 and Wednesday, January 28 in Lomé. An event during which the platform for listing, trading, and transactions of public securities was officially activated.

Congo Terminal processed 1,219,164 Teus in 2025. The company has crossed the threshold of handling over 1.2 million containers per year for the first time. This achievement coincides with the construction of a new port platform at the East Pier of the port of Pointe-Noire. “Since the start of the concession in 2009, we have multiplied by 6 the volume of containers handled, going from 200,000 to over 1.2 million TEUs. We now aim to reach the threshold of 2 million containers handled by 2027 with the commissioning of the new port platform currently under construction,” explains Anthony Samzun, General…

After Abidjan in 2025, the UMOA Public Securities Market Meetings, organized by the UMOA – Securities agency, are taking place in Lomé (Togo) for their 8th edition. This regional gathering, officially launched on Tuesday, January 27, ends this Wednesday after two days of work by key market players, including national Treasuries, investors, and financial sector specialists from 8 countries of the West African Economic and Monetary Union (UEMOA). As highlighted by Georges Barcola, the Minister of Finance and Budget of Togo, these meetings are taking place in a particularly demanding macroeconomic context marked, for UEMOA member states, by a sustained…

Effective since October 4, 2025, the 1% tax on all cash payments had not been applied by the Senegalese National Electricity Company (Senelec), sparing its customers unlike other companies such as SenEau and Senegalaise des eaux. Indeed, since Wednesday, January 28, the Senegalese electricity giant has decided to implement this new tax. From now on, every electricity consumer will have to pay a stamp duty of 1% on their cash payments. This initiative is in line with the new fiscal policy adopted by the Senegalese authorities, aiming mainly to mobilize more funds. This new levy on cash payments comes at…

The transitional government of Guinea-Bissau has reached a significant milestone in its economic development with the launch of dredging works at the Port of Bissau. The launch ceremony, presided over by Mr. Ilídio Vieira Té, Prime Minister and Minister of Finance, took place in the presence of Mr. Florentino Mendes Pereira, Minister of Transport, Telecommunications...

Alger, Algeria, January 26, 2026 (ECA) – The Executive Secretary of the United Nations Economic Commission for Africa, Mr. Claver Gatete, met today with the President of Algeria, H.E. Mr. Abdelmajid Tebboune, at the beginning of his working visit to the country, aimed at strengthening cooperation with Algeria and identifying priorities for bilateral cooperation. During their meeting, President Tebboune expressed his strong intention to strengthen cooperation with the ECA, with a particular focus on strategic priorities such as statistics, monitoring the implementation of public policies, digitization, governance, and South-South cooperation. Africa is capable of extraordinary achievements, including in the manufacturing…

The Norwegian police announced on Monday, January 26, the indictment of an oil company as well as two of its executives in Norway, in connection with an alleged corruption case linked to the oil sector in the Republic of Congo. Authorities suspect the payment of several million dollars in bribes to close associates of the...

Career banker, the new CEO of Holding Al Mada will have as her primary mission to steer the group’s investment policy towards strategic sectors of the future. Focus on the first woman at the helm of the Royal Holding. January 16, 2026 marks a major turning point in the group’s history. Following the death of Hassan Ouriagli, an emblematic figure in the national economy, the board of directors of the Al Mada holding appointed Noufissa Kessar as President and CEO, with immediate effect. Al Mada, formerly the National Investment Company (SNI), is much more than a mere financial consortium. Acting…

UMOA-Titres, the regional agency for the management and promotion of public securities in the UMOA zone, launched, on Tuesday, January 27 in Lomé, the platform for listing and trading public securities. Named UT Marché, this new tool aims to modernize and energize the secondary market for public securities in the region, and to meet the expectations of investors and regulators for a more efficient and attractive market. Officially activated jointly by the CEO of Umoa Titres, and the Governor of the Central Bank of West African States (BCEAO), this platform covers several issues listed by Oulimata Ndiaye DIASSE: strengthening price…

Morocco and Senegal have signed 17 cooperation agreements on the sidelines of the fifteenth session of the high-level joint commission of the Moroccan-Senegalese partnership, which opened on Monday, January 26th. This was in the presence of Senegalese Prime Minister Ousmane Sonko on a working visit to Rabat. According to the various parties, this step reflects the strength of bilateral relations and the willingness of both countries to expand the areas of strategic partnership to include vital sectors such as agriculture, industry, employment, education, infrastructure, and the digital economy. It is learned that this session provided an opportunity to review the…