Author: The Editorial Staff

In Benin, a €45 million solar program led by Axian Energy in partnership with the Sika Capital fund was officially launched on August 27, 2025. The objective is to provide electricity to around 50,000 households through the construction of four solar power plants located in Bohicon, Parakou, Djougou, and Natitingou. According to information, the infrastructure...

Niamey, August 28, 2025 – The State of Niger has successfully raised 10 billion CFA francs (around 18 million dollars) on the financial market of the West African Economic and Monetary Union (UEMOA), but at a particularly high cost. The issuance of Treasury bills with a maturity of 364 days, launched by the public Treasury,...

Coffee exports, a cornerstone of the Ethiopian economy, generated $268 million in July 2025, according to figures released by the Ethiopian Coffee and Tea Authority. According to Sahlemariam Gebremedhin, Director of Public Relations and Communication at the institution, the target set for the month was 53,480 tonnes, with an expected revenue of $216.4 million. However,...

The Nigerian stock market experienced a heavy underperformance on Wednesday, August 27, with a loss of 324 billion nairas, marking its first significant decline of the week. According to data from the Nigeria Exchange Limited (NGX), the market capitalization, which stood at 89.696 billion nairas (approximately 58 billion USD) at the opening, decreased by 0.36%...

In Dakar, amidst the constant flow of cars crowding the main streets, one figure stands out. Behind the wheel of her vehicle, 33-year-old Khady Diop confidently navigates through her rides. A mother of two boys, this former seamstress chose to trade needles and fabrics for a steering wheel, entering a profession where women are still...

Milan, August 28, 2025 – Football meets structured investment. AC Milan, in partnership with Detect Pro Fund, announces the opening of its first Pro Academy in Ivory Coast, in Dimbokro. More than just a training center, this project is presented as a hub combining sporting excellence, education, and personal development, driven by the AC Milan Method. Founded in 2022 by Africa Capital Markets Corporation, Detect Pro Fund specializes in identifying and valuing young African talents, with a sustainable investment logic. Its partnership with the rossoneri club reflects the rise of a new approach: considering the training of footballers as a…

Dakar, August 28, 2025 – The Agricultural Bank (LBA) has launched a securitization operation of receivables amounting to 80 billion CFA francs on the regional financial market of the UEMOA. The operation, structured in the form of a bond loan through a public call for savings, is housed in the Common Fund for Receivables Securitization...

Burkina Faso is entering the big leagues of technology with the launch of Aïobi, the first DeepTech in West Africa, founded by Burkinabè entrepreneur Bowendsom Nikiema. The goal is to transform the “invisible” aspects of African companies – the operational tasks that absorb 90% of working time – into levers of performance and competitiveness. Trained between Ouagadougou, Nantes, and Sydney, with dual degrees and certifications in agile management and Lean Six Sigma, Bowendsom Nikiema is leveraging his international expertise for Africa. After supporting the digital transformation of groups like BURVAL Corporate, he now aims to take African champions to a…

The Abidjan Naval Repair and Industrial Maintenance Company (CARENA), a subsidiary of Africa Global Logistics (AGL) and SOFIA, is taking a new step in its development. The company specialized in naval repair in West Africa has just announced the acquisition of a 12,000-ton floating dock, which will be delivered to its Abidjan shipyard in October...

Coris Bank International SA (CBI SA) confirms its strength and central role in financing the Burkinabe economy. The banking group based in Ouagadougou (Burkina Faso) reported a net profit of 33.7 billion CFA francs for the first half of 2025, a slight increase of 0.66% compared to the same period in 2024. As of June...

Algésiras, August 25, 2025 – After taking control of FRS Iberia Maroc in January 2024, DFDS continues its expansion in the Mediterranean by announcing the acquisition of two ferries from the company Naviera Armas. This strategic operation strengthens the Danish group’s presence on the Algésiras-Tanger Med and Algésiras-Ceuta routes, at the heart of the Strait...

The BRVM closed the day of Friday, August 22, 2025 in a delicate balance between the strength of the industry and energy sectors and the decline of telecoms and discretionary consumption. The Composite index gained +0.14% to 319.04 points, bringing its annual performance to +15.59%. The BRVM 30 remains unchanged at 154.80 points, while the...

On Wednesday, August 20, Prime Minister Ousmane Sonko gathered the entire Senegalese employers’ organization in the Prime Minister’s office: CNES (National Confederation of Employers of Senegal), MEDS (Movement of Companies of Senegal), CNP (National Employers’ Council), CIS (Senegal Investors Club), and UNACOIS (National Union of Traders and Industrialists of Senegal). This strong image reflects a...

SUNU Bank Togo announced, in a statement from its board of directors dated August 22, 2025, a restructuring plan aimed at strengthening its financial solidity. The plan includes the closure of certain branches, job transformations, and a reduction in staff for economic reasons. However, the management assures that this reorganization will have “no impact” on...

During the week of August 18 to 24, 2025, strategic raw materials show contrasting trajectories: gold has held steady around $3,338 per ounce in a climate of monetary anticipation, iron has rebounded slightly despite a global surplus, aluminum has risen to $2,620 per ton driven by the industry, copper has remained under pressure after a...

S&P Global Ratings offered Kenya a symbolic and strategic respite by upgrading its long-term sovereign rating to ‘B’ from ‘B-‘ on August 22, 2025, with a stable outlook. This rare signal in an African environment saturated with rating downgrades. The agency praised the temporary dissipation of external liquidity risks that were threatening Nairobi. Indeed, the...

The Ivorian water distribution company (SODECI), a subsidiary of the Eranove group, has decided to pour a stream of cash to its shareholders, even if it means forgetting that its own margins are drying up. On September 30, 2025, the distributor will pay out 3.6 billion CFA francs in gross dividends (6.48 million dollars) for...

On August 21, 2025, El Amana Bank did what only great institutions know how to do: receive, with the discreet grace of established establishments, those now designated as the winners of the Financial Afrik Hackathon. In the impeccably ordered lounges of the institution, Amadou Sulayman Bal, Director of Development, Performance and Promotion, and Ahmed Ahmed Ely, Head of the Business Agency, distributed tokens of attention with the restraint of those who know that authority is demonstrated more than displayed. By their side, Dia El Hadj, Director of Financial Afrik Mauritania, embodied the bridge between the vibrant world of new ideas…

Interview with Didier Drogba, Torchbearer of the Republic of Côte d’Ivoire Interview conducted by Ramata Soré, journalist, CNN Prize 2006. Didier Drogba, born on March 11, 1978 in Abidjan, is much more than a footballer: he is a conscience in motion, a deep voice that resonates far beyond the stadiums, a heart beating for Africa. From 2004 to 2012, and then in 2014-2015, he wrote one of Chelsea FC’s greatest epics in England, scoring 164 goals, including the memorable one on May 19, 2012 in the final of the prestigious Champions League, an equalizing goal and a decisive penalty kick,…

The Minister of Mines, Industry and Technological Development (Minmidt), Fuh Calistus Gentry, on August 19, 2025, officially handed over the mining permit for the gold mine in Mborguene, a locality straddling the Bétaré-Oya and Garoua Boulaï districts in the East region, to the company Cameroon Mining Company (Caminco SA), represented by its CEO, Roger Bogne....

In a message to the nation delivered on the occasion of Gabon’s independence celebration on August 16, 2025, President Brice Clothaire Oligui Nguema expressed concern about “the low mobilization of young Gabonese for the 25 billion CFA francs (around 44 million USD) specifically created to finance their entrepreneurial projects.” The Gabonese head of state then...

Senegal aims to become self-sufficient in its gas supply by 2026, announced Prime Minister Ousmane Sonko. This initiative should allow the country to save 140 billion CFA francs and reduce the cost of electricity for households. “We no longer want to import gas. We will source locally. The necessary measures have already been taken to...

In Ghana, the world’s leading cocoa producer alongside Ivory Coast, the setting of the purchase price for the 2025/2026 campaign has sparked strong protests. A coalition of several hundred thousand producers has expressed their dissatisfaction with the price announced by COCOBOD, the public regulator, and threatens to ban access to their plantations by control agents....

MTN group has appointed Karl Toriola, who has been in charge of MTN Nigeria since March 2021, as vice president for Francophone Africa. In this role, he will oversee operations in strategic high-growth markets including Cameroon, Ivory Coast, Benin, and Congo Brazzaville. With significant experience, the Nigerian has previously held the position of vice president...

According to figures from the Gabonese Ministry of Economy, Participations, Debt and Cost of Living, between 2023 and 2024, the country sold nearly 9,716 new cars. This performance generated a total turnover of 310 billion CFA francs (542 million USD). In detail, the year 2023 saw a peak in the sale of these new cars....

The Kenyan group KCB has started negotiations to acquire a bank in Ethiopia within the next 18 months as part of its expansion plan, following Addis Ababa’s decision announced last June to allow international lenders to operate there. With this planned acquisition, the Kenyan bank hopes to become a major player in a sector dominated...

The turnover of the Metallurgical Company of Imiter (SMI), a subsidiary of the Managem group, operating the silver deposit of Imiter in Eastern Morocco, recorded a 10% increase at the end of the first half of 2025 compared to the same period of the 2024 fiscal year, announced the leaders of this company based in...

Mali raised on August 20, 2025, in the UMOA financial market, an amount of 18.796 billion CFA francs (33.834 million dollars) through a simultaneous auction of Treasury assimilable bills (BAT) of 364 days and assimilable Treasury bonds (OAT) of 3 and 5 years. The issuer had put up for auction the sum of 20 billion...

In South Africa, the overall consumer price inflation reached 3.5% on a year-on-year basis in July 2025, up from 3.0% in June. This rate remains within the target range of 3% to 6% set by the central bank. On a monthly basis, inflation stood at 0.9% in July, compared to 0.3% in June. Overall, inflation...

Ghana International Bank (GHIB) and Vista Bank Group formalized a strategic partnership on August 11, 2025, during the CNVERGE ’25 conference in London, aimed at improving access to trade financing in West African markets. As part of this alliance, GHIB becomes Vista Bank’s main correspondent banking partner in five countries – Gambia, Senegal, Sierra Leone,...