Author: The Editorial Staff

Conakry, September 8, 2025 – PayCard, a major player in fintech in Guinea, announces the official launch of its international money transfer service, in partnership with THUNES, a global leader in cross-border payments. With this new feature, PayCard account holders can now send money to over 60 countries in Africa, Europe, America, Asia, and the Middle East, directly from the PayCard application, to an electronic wallet or a bank account. An innovation serving individuals and businesses Available 24/7 through the “Transfer” tab of the PayCard application, this service guarantees: – Transparent and competitive fees – Fast processing times – Optimal…

The trade deficit of Morocco widened by 18.4% in the first half of 2025 to 161.9 billion dirhams (18 billion dollars) compared to the same period a year earlier, according to data from Bank Al-Maghrib (BAM), the Moroccan Central Bank based in Rabat. “This evolution is the result of an 8.9% increase in imports to...

Both companies will expand access to diversified portfolios, focusing on retirement and wealth management channels. Baltimore (Maryland) and New York (NY), September 4, 2025 – Goldman Sachs and T. Rowe Price today announce a strategic collaboration to offer a range of solutions integrating public and private markets, specially designed to meet the needs of investors...

With the appointment of Sylvain Olivier IBRAIMA as a partner, Deloitte Francophone Africa continues its expansion in the strategic markets of Benin, Togo, and Niger. This strengthening is part of the firm’s strategy to consolidate its position as a leader in advisory services in the region. Having arrived in Benin two years ago, this seasoned expert boasts over fifteen years of experience in several African countries, including Senegal, Burkina Faso, Gabon, and Ivory Coast. A recognized advisor to governments, international institutions, and large companies, he has built a reputation as a pragmatic and committed strategist. A graduate of IAE Paris…

Libreville, September 8, 2025 – The Council of Ministers, chaired by Brice Clotaire Oligui Nguema, has outlined the main points of the 2026 budget bill, set at 7,233.3 billion CFA francs and based on the zero-based budgeting method. This budget aims for a growth of 7.9% thanks to a record investment effort of 3,321.5 billion...

The yellow metal continues its dizzying ascent, reaching a new peak at over $3,650 per ounce, representing a gain of nearly 9% in just two weeks. This meteoric rise reflects the nervousness of the markets in the face of military tensions and the specter of a trade war that, in the darkest scenarios, could lead...

The rejection of the Prime Minister reflects the budget impasse. Credit rating agencies and markets are now scrutinizing France’s ability to restore its financial credibility. François Bayrou became on Monday the first head of government of the Fifth Republic to be overthrown by a vote of confidence. But beyond the political symbolism – 364 votes...

Dakar, September 7, 2025 – President Bassirou Diomaye Faye, on the proposal of Prime Minister Ousmane Sonko, carried out a major ministerial reshuffle on Saturday evening marked by the departure of General Jean-Baptiste Tine from the Interior and Ousmane Diagne from Justice. These strategic portfolios are respectively entrusted to Mouhamadou Bamba Cissé and Yacine Fall,...

The group Attijariwafa bank, under the leadership of its CEO Mohamed El-Kettani, announced a significant change in its organizational chart with the promotion of Rachid Kettani to the position of Deputy CEO, in charge of the Retail Banking Division. This decision reflects the bank’s desire to strengthen its management and support its development strategy in...

Dakar, September 6, 2025 – Faced with accumulated losses exceeding 100 billion FCFA and negative equity of 156 billion FCFA by the end of 2024, La Poste du Sénégal is embarking on a vast recovery and revival plan. The Prime Minister announced a two-phase roadmap: recovery (September-December 2025) and revival (2025-2029). Among the priority measures...

The African Solidarity Fund, a multilateral African financial institution for guarantees, is strengthening its foundations for a new era of solidarity and development. Libreville, Thursday, September 4, 2025 – The 4th Ordinary Session of the Board of Governors of the African Solidarity Fund (ASF) was held via videoconference, under the chairmanship of Mr. Henri-Claude OYIMA, Minister of State, Minister of Economy, Finance, Debt and Participation, in charge of the Fight against the High Cost of Living in Gabon, and current President of the Board of Governors of the ASF. In addition to Gabon, a founding member, the fourth Ordinary Session…

ADDIS ABABA, September 4, 2025 – The Ethiopian Ministry of Finance confirmed on Thursday that former Governor of the National Bank of Ethiopia (NBE), Mamo Mihretu, will be joining an international institution, just days after resigning. An official tribute was paid to him on September 4 at the ministry headquarters, in the presence of Prime...

Kinshasa, September 5, 2025 – Rawbank, a leading bank in the Democratic Republic of Congo, announces the appointment of three new executives to its governance bodies. These decisions are part of the preparation for the 2026-2030 strategic plan and reflect the bank’s desire to strengthen its organization, support its growth, and align its practices with...

Kinshasa, the capital of the DRC, vibrated to the rhythm of the 14th edition of the triennial Congress of the Union of African Architects (AUA), organized from August 27 to 28, 2025. No less than 44 countries were represented, with over 200 architects, urban planners, engineers, researchers, and decision-makers taking part in this continental meeting...

The Moroccan industrial group OCP, founded in 1920 under the name Office chérifien des phosphates, has a new leader at the helm of its subsidiary dedicated to the continent. Hajar Alafifi has been appointed CEO by the board of directors of OCP Africa with immediate effect on Monday, September 1st. In this role, Hajar Alafifi...

KIGALI, September 4, 2025 (Reuters) – Rwanda will unveil the first public flight of a pilotless electric air taxi in Africa at the Aviation Africa 2025 Summit, scheduled for September 10 and 11 in Kigali. This demonstration, carried out in partnership with China Road and Bridge Corporation (CRBC), is intended to mark a milestone in the development of advanced air mobility on the continent. The chosen aircraft, the EHang EH216-S, is a vertical takeoff and landing (eVTOL) aircraft capable of carrying two passengers. With 16 electric motors and a carbon fiber structure, it has a range of 35 km and…

Rothschild & Co significantly strengthens its presence in the Middle East. The group has announced the signing of a partnership agreement with Liechtensteinische Landesbank (LLB) for the integration of its wealth management activities in the United Arab Emirates (UAE). This operation marks a key step in the bank’s development strategy in a rapidly growing market....

The largest refinery in Africa, the Dangote refinery, is facing technical challenges similar to those observed in some Middle Eastern facilities. A leak of catalysts in the gasoline production unit is compromising its ability to meet the growing global demand for fuels. Located in Nigeria and with a capacity of 610,000 barrels per day, the refinery experienced a breakdown in its diesel production unit. According to sources close to the matter, leaks of catalysts and various malfunctions led to the temporary shutdown of the unit. The incident comes after a significant increase in diesel exports from the refinery, which had…

At 48 years old, Romuald Wadagni embodies a rare style of leadership: discreet, constant, and effective. His “calm strength” has been established over a decade of rigorous financial management, and it is this same quality that is driving him towards a presidential candidacy. The numbers speak for themselves: a growth of 7.5% in 2024, a deficit kept below 3% of GDP, and tax revenues increasing by over 2 percentage points of GDP in two years. International financial successes – $750 million raised in 2024, then $500 million in 2025 – have strengthened Benin’s credibility and allowed for the funding of…

The results for the first half of 2025 position Ecobank Côte d’Ivoire among the banking references in the UEMOA market. As of June 30, Net Banking Income increased by 10% to reach 63.7 billion FCFA, driven by balanced growth in credit and service activities. Gross Operating Income improved significantly to 34.7 billion FCFA (+13%), despite...

CAIRO, September 3, 2025 – The African Export-Import Bank (Afreximbank, or “the Group”) has released its consolidated results for the first half of 2025, confirming the strength of its model despite an unfavorable global environment. In a context of persistent geopolitical tensions, ongoing inflationary pressures, currency volatility, and tightening international financing conditions, the pan-African institution...

Casablanca – The African Finance Summit (Africa Financial Summit – AFIS), whose 5th edition will be held on November 3 and 4, 2025, is becoming an essential platform to overcome the fragmentation of the African financial sector. This was stated on Tuesday in Casablanca by Olivier Noël, Secretary General of the summit. During the launch...

Companies listed on the Casablanca Stock Exchange are showing a significant increase in their net debt, which reached 72.5 billion dirhams (≈ 7.25 billion USD) at the end of June 2025, up 10% from 2024. This dynamic raises questions about the financial health and investment capacity of Moroccan companies in an increasingly competitive economic environment....

Libreville – In a rare occurrence, the Central African Securities Exchange (BVMAC) closed its session on September 2, 2025 without recording any transactions, neither in the stock market nor in the bond market. The BVMAC All Share index remained unchanged at 997.31 points, as did the market capitalization, stable at 443.1 billion CFA francs, with...

London, August 11, 2025. The Chedid Capital group, led by its founder and CEO Farid Chedid, continues its international expansion with the launch of Momentum Risk Solutions UK, a managing general agent (MGA) based in London. Under the operational direction of Edward Traboulsi, this new entity specializes in political risks, financial institutions, and other technical...

The Court of Cassation sentenced former Minister of Justice Constant Mutamba to three years of hard labor for embezzlement of public funds on Tuesday, September 2. The case involved a sum of 19 million dollars, initially allocated for the construction of a modern prison in Kisangani, in the Tshopo province. In addition, the highest court...

The Central Bank of the Republic of Guinea (BCRG) received a new batch of banknotes on Sunday, August 31, intended to supply commercial banks’ counters and ATMs. The announcement, made in a context of strong liquidity tensions, aims to address the social and economic emergency. According to the BCRG, this operation aims to alleviate the...

Since this Sunday, August 31, Dakar is hosting the 2025 edition of the African Food Systems Forum (AFSF), considered the largest global event dedicated to agriculture and food. Under the theme “African youth, driving collaboration, innovation, and implementation of agri-food system transformation”, the event will take place until September 5 at the Abdou Diouf International...

The Central Bank of West African States (BCEAO) has approved 9 new payment institutions within the UEMOA, according to information from Financial Afrik gathered from financial market players. In Côte d’Ivoire, Feexpay SA, Cinetpay Africa SA, and Dunya Digital Payment SA CI have been authorized. Intouch Guinea-Bissau has obtained its approval in Guinea-Bissau, while in Senegal, Samir Money Senegal SA, Versus Finances Tech-SA, Copay SA, and SESA Digital Finance SA have joined the list. In Togo, Intouch Togo has also been approved. These new entrants bring the total number of approved payment institutions in the Union to 20, up from…

India is strengthening its presence in Africa. Between 1996 and 2024, New Delhi claims over $75 billion in investments on the continent, making it one of the top five foreign investors. This figure was announced by the Minister of State for Foreign Affairs, Kirti Vardhan Singh, during the 20th India-Africa Business Conclave held in New...