Author: The Editorial Staff

Proparco and Digital Africa have officially launched two new financing programs dedicated to the African tech ecosystem: Choose Africa VC and Digital Africa Seed Fund. This dual initiative, unveiled on June 11, 2025 at the “Quai des Futurs” event, alongside Vivatech, aims to support African start-ups in their growth and enhance the continent’s attractiveness to...

Egypt is taking a new strategic step in the valorization of its mining resources with the launch of a vast industrial complex dedicated to the production of phosphoric acid on the Abou Tartour plateau in the New Valley. This large-scale project, with a total investment of 658 million dollars, marks a major advancement towards high...

Guinea has just reached a major milestone in its ambition to become a key player in global supply chains for critical minerals. On Friday, June 27, the Guinea Chamber of Mines and Critical Minerals Africa Group officially signed a “historic” memorandum of understanding (MoU) in London. This strategic commitment aims to attract massive investments and...

The Moroccan economy recorded a robust growth of 4.8% in the first quarter of 2025, compared to 3% in the same period in 2024, according to data published on Monday, June 30 by the High Commission for Planning (HCP). This dynamism is mainly due to the recovery of agricultural production, the strength of non-agricultural activities,...

The International Monetary Fund (IMF) approved a new disbursement of $448.4 million (equivalent to 326.47 million Special Drawing Rights – SDR) in favor of Tanzania on Friday, June 27. This financial support comes under the Extended Credit Facility (ECF) and the second review of the Facility for Resilience and Sustainability (FRS) agreement. According to the...

The Egyptian economy posted a quarterly growth of 4.77% in the third quarter of the fiscal year 2024/2025, marking its highest level in three years. This performance, announced on June 30 by the Ministry of Planning, Economic Development, and International Cooperation, contrasts sharply with the rate of 2.2% recorded at the same period last year. Over the first nine months of the fiscal year, the average growth stands at 4.2%, compared to 2.4% a year earlier, confirming a strong recovery in activity despite a still uncertain global economic context. According to the Minister of Planning, Dr. Rania Al-Mashat, this progress…

Absa Mauritius, a Mauritian subsidiary of the South African group Absa, plans to increase its green financing to 30 billion Mauritian rupees ($664 million USD) by 2030, up from 8 billion by the end of 2024. This initiative aims to support the climate goals of Mauritius, which has committed to reducing its greenhouse gas emissions...

The European Bank for Reconstruction and Development (EBRD) has chosen Nairobi to establish its first African headquarters, thereby strengthening its commitment to sub-Saharan Africa. The announcement was made on the sidelines of the fourth International Conference on Development Financing held in Seville, Spain, where Kenyan President William Ruto hailed the decision as a lever to...

Eni, the Italian oil and gas group, inaugurated on Saturday, June 28, 2025, a vegetable oil production plant in Loudima, in the Bouenza department in southern Congo-Brazzaville. The industrial installation, named Agri-hub Arturo Bellezza, will produce up to 30,000 tons of vegetable oil per year, from locally grown sunflower and soybeans, mainly by Congolese farmers...

Vista Group Holding announced on June 30, 2025, the completion of the majority acquisition of Société Générale Burkina Faso. The process was initiated in June 2023, as part of Société Générale’s strategy to withdraw from several subsidiaries in sub-Saharan Africa. With this operation, Vista takes control of one of Burkina Faso’s historical banking institutions, strengthening...

Dakar, June 30, 2025 – Fintech Wave Mobile Money, one of the leaders in mobile money in Africa, announced a fundraising of 117 million euros through a loan led by Rand Merchant Bank (RMB). This strategic operation, supported by a consortium of international development financial institutions – including British International Investment (BII), Finnfund, and Norfund – aims to strengthen Wave’s expansion in its key markets and to extend access to digital financial services to millions of underbanked people. Already active in eight countries, mainly in West Africa, Wave aims to consolidate its presence in markets such as Senegal, Ivory Coast,…

During the AFREXIMBANK Annual Meetings held in Abuja, Nigeria, a strategic partnership agreement was signed on June 27, 2025 between the Tunisia Consortium for African Development (TUCAD), represented by its president, Mr. Anis Jaziri, and Ms. Kanayo Awani, Executive Vice President of AFREXIMBANK. The ceremony was attended by Mr. Mourad Abdesslem, Vice-Governor of the Central Bank of Tunisia (BCT), Mr. Mohsen Antit, Ambassador of Tunisia to Nigeria, Mr. Aymen Zoghbi, Director of the Trade, Investment and Corporate Finance Department at AFREXIMBANK, and Mr. Hafedh Ben Aifa, North Africa Regional Manager at the bank. This ambitious partnership aims to support TUCAD…

Beijing, June 30, 2025 – Distinguished ambassadors, dignitaries, and university officials gathered on Thursday, June 26, at Tsinghua University in China to mark the official launch of the Hazem Ben-Gacem scholarship program for Arab students, a historic initiative aimed at providing students from Arab League countries with globally recognized education, while fostering academic excellence and intercultural collaboration. This year, the scholarship program will fund six students from Arab League member countries pursuing graduate studies at this historic university. This is the first scholarship specifically aimed at students from Arab countries at Tsinghua University. Its objective is to strengthen Sino-Arab relations.…

An exit that illustrates the limits of some listed SMEs… Abidjan, June 26, 2025 – The logistics company Movis Côte d’Ivoire (Movis CI) has officially been delisted from the Regional Stock Exchange (BRVM) following its Public Withdrawal Offer (OPR), marking the end of its listing on the regional financial market. The operation, which took place from April 21 to May 21, 2025, involved 111 shares representing 0.0133% of the company’s share capital, which is the entirety of its float. Offered at a unit price of 40,000 CFA francs (approximately 66.85 dollars), the shares were fully repurchased by the majority shareholder,…

Despite the withdrawal of the United States, the member states of the United Nations approved, on June 25, 2025, the Seville Compromise, the final document of the fourth international conference on development financing. This decision, the result of several months of multilateral negotiations, marks an important step in mobilizing resources to achieve the Sustainable Development Goals (SDGs) by 2030. This text, supported by a majority of states, will be officially adopted at the Seville summit, scheduled from June 30 to July 3. It does not propose a new roadmap, but strengthens the commitments of the Addis Ababa Action Agenda of…

After June 6, 26, 27, and 28, protesters announce a return to the streets as early as Tuesday, July 1, the start date of the municipal elections campaigns scheduled for July 17. Here is the update. Markets sparsely attended, shops closed, streets almost deserted… This was the situation observed from June 26 to 28 in...

The Democratic Republic of Congo and Rwanda officially signed a peace agreement on June 27, 2025 in Washington, United States, marking a major step in efforts to de-escalate tensions between the two neighboring countries. The ceremony was held under the presidency of US Secretary of State Marco Rubio, in the presence of US President Donald...

From June 26 to 28, 2025, during the International African Creation Fair (SICA) in Abidjan, ORUN Studios officially launched its activities. Presented as the creative showcase of the Africa Currency Network (ACN), a member of the Kigali International Financial Centre (KIFC), the studio revealed a unique immersive installation, showcasing African stories through cutting-edge visual technologies....

Three years after entering the capital of AFG Holding, AfricInvest signs an exemplary exit, realizing a targeted support strategy in the transformation of a regional banking player into an integrated financial powerhouse. Between 2022 and 2025, the partnership between AfricInvest and the Ivorian banking group enabled a doubling of the balance sheet total, from 3 to nearly 6 billion dollars. The growth of the loan portfolio is equally significant: +79%, reaching 2.5 billion dollars. Net banking income more than doubled, and return on equity (ROE) now exceeds 28%. This performance is the result of a strategic capital contribution, combined with…

In Cameroon, the pre-campaign for the October 2025 presidential election has taken an unexpected turn with the entry into the race of two historical figures from Paul Biya’s regime. Issa Tchiroma Bakary and Bello Bouba Maïgari, both loyal ministers for decades, have just declared their candidacies for the highest office, shaking the traditional power base in place. On June 26, 2025, just one day after leaving the government, Issa Tchiroma announced that he was running for the presidency. He, who was successively Minister of Communication and then Employment, known for his unwavering loyalty to Paul Biya, made a critical turn…

The National Assembly of Senegal adopted, on Saturday, June 28, the Supplementary Budget Law (LFR) 2025, a crucial budget text that revises the country’s financial balances. Out of the 139 voting deputies, 126 voted in favor, 11 against, and 2 abstained, confirming broad parliamentary support despite an economic context marked by uncertainties and the recent publication of the audit report by the Court of Auditors. Presented as the financial translation of the National Transformation Agenda “SENEGAL 2050”, this LFR 2025 revises downwards several macroeconomic indicators that were included in the initial budget law adopted at the end of last year.…

Libreville, June 28, 2025 – The PORTEO BTP Gabon group, the Gabonese state, and BGFI Bank have formalized a strategic partnership for the financing and construction of the Alembé – Lopé – Carrefour Leroy – Mykouyi road, during a ceremony presided over by the Head of State, Brice Clotaire Oligui, at the presidential palace. This project aims to transform a difficult road into a modern and accessible corridor, thus stimulating regional integration and economic growth. The road, which will connect several key provinces (Moyen-Ogooué, Ogooué-Ivindo, Ogooué-Lolo, and Haut-Ogooué), is considered a vital infrastructure for opening up many localities. Its development…

Abuja, Nigeria, June 28, 2025 – Following its 32nd Annual General Meetings held from June 25 to 28, 2025 in Abuja, the shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the new President and Chairman of the Board. He becomes the fourth leader to head the pan-African bank since its establishment in 1993. His term is set to begin in September 2025, succeeding Professor Benedict Oramah, who has been in office since 2015. A Cameroonian national, Dr. Elombi has been with Afreximbank since 1996. Initially recruited as a lawyer, he has steadily climbed the ranks…

The Federation of African National Insurance Companies (FANAF) is preparing for a major deadline. In February 2026, at its 50th General Assembly scheduled in Abidjan, the pan-African organization will have to appoint its new president to replace Gabonese Cesar Ekomie Afene, who has been in office since 2020. Two figures in the sector are already emerging: Ivorian Mamadou G.K. Koné and Senegalese Mamadou Faye. Currently the president of the Association of Insurance Companies of Côte d’Ivoire (ASACI), Mamadou G.K. Koné heads Sanlam Allianz CI, an entity resulting from the merger of two insurance heavyweights. Re-elected as the head of ASACI…

London, June 27, 2025 – The international group Gerald, specialized in metal trading, has issued a warning against two tender offers issued by the Congolese company Soremi SA for the sale of 10,000 tons of copper cathodes and 40,000 tons of zinc ingots. According to Gerald Group, these tender offers are deemed illegal, issued without valid authorization, and in violation of several court decisions made in the jurisdictions of Hong Kong and the British Virgin Islands (BVI). Soremi SA, operating in the Boko Yanga mining corridor in the Republic of Congo, is a subsidiary of Soremi Investments Ltd (SIL), a…

Abidjan, June 27, 2025 – The Board of Directors of the pan-African industrial group Eranove has endorsed the appointment of Ahmadou Bakayoko as Chief Executive Officer, replacing Marc Albérola, who held the position since 2009. This relay, presented as a strategic transition, marks a new milestone in the group’s trajectory, active in the management of public electricity and water services in Africa. “After 16 years at the helm of Eranove, I proposed a governance transition to allow the Group to continue its development, in a logic of continuity and operational excellence,” said Marc Albérola. He said he was “happy to…

The Congolese Senate approved, on Wednesday, June 25, 2025, during a plenary session in Brazzaville, the ratification of a new financing from the World Bank (WB) aimed at strengthening budget management and inclusive growth in the Republic of Congo. With an amount of 46.3 billion CFA francs (equivalent to 70.6 million euros), this third support...

Ethiopia will start exporting crude oil to the international market for the first time in its history starting from September, according to Prime Minister Abiy Ahmed speaking in a discussion with industry stakeholders and journalists. This East African country began its oil extraction and exploitation activities six years ago. After a long period of preparation,...

By enacting four major tax laws on June 25, 2025, Nigerian President Bola Tinubu is leading the country in a structural overhaul of its public revenue mobilization policy. These texts, praised by business circles and economists, aim to improve tax collection, reduce regulatory distortions, and boost the economic competitiveness of a country grappling with a...

Algeria aims to export one million tons of green hydrogen per year by 2040. The announcement was made by the Director of Exploration at the Ministry of Energy, Sofiane Dekkiche, on Thursday, June 26, 2025, on the sidelines of the 12th edition of the scientific and technical days (JST) of Sonatrach, the state-owned company responsible...