Author: The Editorial Staff

The World Bank Group is scaling up its engagement in Guinea. The institution has approved a new Country Partnership Framework (CPF) covering the period 2027-2033, aimed at supporting the country’s economic transformation with a central goal: creating more quality jobs through better governance, more efficient infrastructure, and a more dynamic private sector. This new partnership foresees $2.1 billion in commitments from the World Bank, to which should be added almost a billion dollars in financing, investments, and guarantees mobilized by the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). In total, the envelope could exceed $3 billion,…

“For the first time in its 56-year history, the International Organization of La Francophonie (OIF) is publicly auditioning candidates for its leadership. A revolution whose outcome will be decided in November for the designation of the successor to Rwandan Louise Mushikiwabo, who is also a candidate. Everything, or almost everything, will be decided in Paris, this Tuesday, June 30. In a room where, traditionally, the art of compromise is cultivated, La Francophonie is preparing to break with half a century of habits. An extraordinary Ministerial Conference (CMF) brings together the foreign ministers of the member states and governments for a…

While African states seek to accelerate the realization of their infrastructure in a context of budget constraints, fragmentation of international funding, and increased competition to attract private capital, the question of project preparation becomes central. For Financial Afrik, Mouhamad Rassoul Dieng, founder of MOPAT Group, discusses the barriers that still prevent many African projects from reaching financial closure, the role of public-private partnerships, and the need to move from a logic of announcement to a logic of execution. Interview by Daniel Djagoué Many African projects still struggle to reach financial closure or execution phase. What, in your opinion, are the…

The ECOWAS Investment and Development Bank (BIDC) and the government of the Nigerian state of Taraba signed three loan agreements totaling $268 million on June 26, 2026. The goal is to support industrialization, strengthen rice production, and develop the energy supply through a 50 MW solar power plant. Signed at the regional institution’s headquarters in Lomé, Togo, the agreements commit the BIDC and the Taraba State authorities to an investment program focusing on three strategic areas: industry, agriculture, and energy. The ceremony was attended by the President of BIDC, Dr. George Agyekum Donkor, and the Executive Governor of Taraba State,…

Burkina Faso announced on Friday, June 26, the rupture of its diplomatic relations with France, in a decision presented by the authorities as an act of “responsibility” and “sovereignty”. In a statement relayed by the national television RTB, the Burkinabe government asserts that the conditions for a relationship based on “mutual respect”, “reciprocal trust”, “non-interference”...

By Ismael Sy, Casablanca. Capital increases of this magnitude are rarely insignificant. The one being prepared by the Moroccan agri-food group Cartier Saada is even one of the most significant recently observed on the Casablanca Stock Exchange in terms of the size of the issuer. Meeting on June 24, the Board of Directors decided to...

The African Trade and Investment Development Agency (ATIDI) will bring together key African and international decision-makers from June 30 to July 3, 2026 in Nairobi, Kenya, for its 26th Annual General Meeting (AGM), coinciding with the institution’s 25th anniversary. Under the theme “Empowering Africa: Risk Managed, Growth Unlocked”, this edition comes at a time when...

After four months as Acting CEO of the African Guarantee Fund (AGF), Constant N’Zi was confirmed as the CEO during the institution’s 15th Annual General Meeting held on June 23, 2026. This appointment, endorsed by the board of directors, marks a new chapter for this African specialist in credit guarantee dedicated to small and medium-sized...

By Rodrigue Fénelon Massala, Kinshasa. China has taken a new step in strengthening its economic relations with Africa by authorizing Standard Bank, the largest bank on the African continent in terms of assets, to jointly settle transactions in yuan in 19 African countries. This decision is part of Beijing’s strategy to increase the international use...

An international investigation sheds light once again on the fortune of the Bongo family. Coordinated by Le Monde with the Organized Crime and Corruption Reporting Project (OCCRP) as part of the OpenLux project, it highlights the hidden wealth of Fabrice Andjoua Bongo Ondimba, one of the sons of former president Omar Bongo, through a network...

Burkina Faso announced on Friday, June 26, 2026, the immediate severance of its diplomatic relations with France. In a statement signed by the government spokesperson, Burkinabe authorities justify this decision by a “thorough evaluation” of the bilateral relations, stating that the conditions for a partnership based on “mutual respect, mutual trust, non-interference, and respect for...

Interview conducted by Ismaila Sy, permanent correspondent in Casablanca. Closed on June 15 in just 24 hours, the securitization operation of residential mortgage loans (RMBS) carried out by five subsidiaries of the Ecobank Group confirms the market’s appetite for the ZAKA program. In this interview with Financial Afrik, Yedau OGOUNDELE, Managing Director of AFINHAB, and Adji Sokhna M’BAYE, Managing Director of BOAD Titrisation, decrypt the challenges of this financial engineering serving housing. The housing deficit in the West African Economic and Monetary Union (UEMOA), estimated at 3.5 million units, increases by 800,000 each year due to demographic pressure and rapid…

Burkina Faso officially opens subscriptions for its new Sukuk loan of 75 billion FCFA on Friday, June 26, 2026, an operation that marks a new step in the state’s strategy to diversify sources of financing on the regional financial market of the UEMOA. Arranged by Image Finance Internationale, the issuance has a maturity of nine years (2026-2035) and offers an annual profit margin of 6.80%. The certificates, issued at a nominal value of 10,000 FCFA, target both institutional investors and individuals willing to participate in the financing of public projects through an instrument compliant with Islamic finance principles. The operation…

New York – Ali Al Shammari, the CEO of Global South Utilities (GSU), the Emirati company specialized in energy infrastructure, was honored at the 2026 Reuters Energy Awards with the “Growth Leader of the Year” award. This distinction recognizes his leadership in deploying renewable energy projects and large-scale infrastructure, his ability to establish long-term strategic partnerships, and his role in accelerating impactful projects for global South economies. Under his leadership, Global South Utilities continues to expand in Africa, the Middle East, and Asia, with a growing portfolio of investments in energy infrastructure, power grids, and solutions promoting the transition to…

Appointed by presidential decree, Thione Niang now holds the position of Itinerant Ambassador to the Presidency of the Republic of Senegal. A mission that he summarizes with clarity and commitment. “As Itinerant Ambassador, and under the authority of the President of the Republic, I work to strengthen the image of Senegal and attract investments and strategic partnerships,” he explains. “I lead the nation branding and soft power strategy, mobilize influential diaspora and international investors, cultivate high-level relationships, advise the President on geopolitical issues, and act as Special Envoy for flagship national projects.” This roadmap places economic attractiveness and international influence…

The election of Sonia Mezzour as president of the Moroccan Association of Exporters (ASMEX) on June 23 in Casablanca did not mark the end of a cycle in a climate of consensus. On the contrary. The very noticeable absence of the outgoing president, Hassan Sentissi El Idrissi, overshadowed the election and revealed the deep divergences...

Dakar – New development in the CENTIF case involving Senegalese businessman Mouhamad Rassoul Dieng. In a statement released on June 25th, he claims to have voluntarily appeared before the investigating judge and the financial judicial unit to provide additional evidence aimed at, according to him, closing the procedure. Mouhamad Rassoul Dieng specifies that he participated...

Long touted as the African showcase for central bank digital currencies, eNaira is changing course. In its Nigeria Payments System Vision 2028, a new three-year roadmap published on June 5, 2026 by the Central Bank of Nigeria (CBN), the regulator acknowledges the low adoption of its CBDC and shifts towards a more pragmatic approach: making...

The Senegalese National Electricity Company (Senelec) is tightening the screws. In a management note published on June 22, the company announces that all its suppliers will be required to enter their invoices on its new “e-invoice” platform, starting from July 31. This initiative is part of Senelec’s project to digitize its financial and accounting procedures....

Kenya has reached a new milestone in the economy of family transfers. According to the 2025 Remittances Household Survey Report, published in mid-June 2026 by the Central Bank of Kenya (CBK), the National Bureau of Statistics (KNBS), and their partners, Kenyan households received 931.8 billion shillings between June 2024 and May 2025, a record level that confirms the growing importance of the diaspora in financing daily life. The United States remains by far the largest source of these flows, accounting for 43.5% of the total, ahead of Germany and Australia. Beyond the amount, the report highlights the transformation of transfer…

Just a few months after its implementation, digital payment taxation is already showing its limitations. According to the Quarterly Budget Execution Report (RTEB) as of March 31, 2026, the fiscal measures of the Economic and Social Recovery Plan generated only 54.2 billion CFA francs, against a quarterly forecast of 94.8 billion, resulting in a realization rate of 57.2%. This revenue shortfall highlights the new taxes applied to digital services and transactions. The Senegalese Ministry of Finance attributes this underperformance to difficulties in identifying the tax base and ensuring effective collection of the new taxes. This is indicative of the complexity…

The Central Bank of West African States (BCEAO) has announced the extension of the mandatory connection deadlines to the Interoperable Instant Payment System (PI-SPI) Platform, the regional infrastructure designed to revolutionize digital payments in the West African Economic and Monetary Union (UEMOA). Launched on September 30, 2025, the PI-SPI platform is one of the most...

Mali is taking back control of its historic telecommunications operator. Following a strategic agreement with Maroc Telecom, the Malian government has once again become the majority shareholder of the Société des télécommunications du Mali (SOTELMA), increasing its stake from 49% to 56% of the capital. This rebalancing marks the end of seventeen years during which...

On Tuesday, June 23, 2026, in Rabat for its second quarterly session of the year, the Bank Al-Maghrib Council decided to keep its key rate unchanged at 2.25%, considering that inflation remains generally in line with the price stability objective, despite a suddenly deteriorating international environment. This decision extends the line adopted last March and...

The Africa Finance Corporation (AFC) is making a strong move in Lomé. The pan-African institution for infrastructure financing has just closed a sovereign facility of 108.3 million euros for the benefit of the Togolese government, aimed at deeply modernizing the national agricultural sector. This is a groundbreaking operation in the country, where the AFC is...

Niger has notified the Secretary-General of the United Nations of its withdrawal from the Rome Statute, the founding treaty of the International Criminal Court (ICC). The notification was recorded on June 18, 2026, and, in accordance with Article 127 of the Statute, the withdrawal will only take effect on June 18, 2027. Until this date,...

With nearly 90% of the seats in the House of Peoples’ Representatives, the Prosperity Party secures an overwhelming majority. A victory that reinforces the institutional stability of the country and gives visibility to investors, in a context marked by significant economic and security challenges. Ethiopia is entering a new political phase. Prime Minister Abiy Ahmed...

The Castel group counterattacks. Following Romy Castel’s public criticism of the proposed sale of the Cameroon Sugar Company (Sosucam), two boards of directors – Somdia and DF Holding – have come out of their reserve to defend the group’s governance and refute point by point the accusations of the founder’s heiress. In a statement published...

“With the appointment of Majdouline Fakih as its general manager, Saham Capital Gestion is entering a new phase of development in a Moroccan asset management sector undergoing transformation. This decision reflects both a strategic continuity and a desire to strengthen expertise in an increasingly competitive market, where performance and the sophistication of management strategies are becoming key differentiating factors. The Moroccan asset management sector continues its gradual restructuring phase, driven by governance adjustments, increasing expertise, and growing sophistication of management teams. In this context, Saham Capital Gestion takes a strategic step forward with the appointment of Majdouline Fakih as General…

The change in governance at the top of SanlamAllianz marks the end of a first step in building the first pan-African insurer and the beginning of a much more demanding cycle. By succeeding Heinie Werth, the architect of the merger between Sanlam and Allianz’s African operations, Hennie Nel inherits a continental-sized group whose power is...