Author: The Editorial Staff

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...

The Housing Finance Agency of the West African Economic and Monetary Union (AFINHAB), formerly the Regional Mortgage Refinancing Fund of the WAEMU (CRRH-WAEMU), continues to expand its shareholder base. The institution specializing in housing credit refinancing welcomes three new banking shareholders: the National Bank for Economic Development (BNDE) of Senegal, the International Bank for Industry...

Ekoué Djro Glokpor, the new national director of the Central Bank of West African States (BCEAO) for Togo, was officially introduced to members of the National Credit Council (CNC) on June 18, 2026. His appointment comes at a time when Togolese authorities and the Central Bank are showing a willingness to better direct financing towards very small, small, and medium-sized enterprises, as well as towards agriculture and housing, all of which are considered strategic segments for the country’s economic transformation. Beyond the symbolic aspect, Ekoué Djro Glokpor’s appointment confirms him as a true product of the BCEAO. The new head…

The Association of Large Enterprises of Togo (AGET) has a new face. Gathered at the annual general assembly on June 19, 2026 in Lomé, the members of the Togolese employers’ federation elected Charles Kokouvi Gaffan, CEO of Africa Global Logistics-Togo (AGL-Togo), as the president of the organization for a three-year term. He succeeds Jonas Aklésso Daou, CEO of Zener International Holding Group, who led AGET for six years, two consecutive terms – a record of longevity since the association was created. A familiar figure in the Togolese private sector, the new head of the employers’ organization led Bolloré Transport &…

The battle around the Cameroon Sugar Company (Sosucam) is reaching a new level. After revelations about the proposed sale by Somdia, an agro-industrial subsidiary of the Castel group, of its 88.36% stake in Cameroon’s leading sugar producer, Romy Castel, daughter of founder Pierre Castel, is now publicly speaking out. In a statement released on June...

The Lomé-Tokoin Airport Company (SALT) and T-OIL, a Togolese public company specializing in the purchase, storage, and distribution of petroleum products and derivatives, have signed two strategic agreements laying the foundations for decarbonized aviation and a regional energy hub in Lomé. This took place on the sidelines of the African Air Transport Convention and Exhibition...

Lomé, the capital of Togo, was the setting for an exceptional tribute ceremony dedicated to two iconic figures of African entrepreneurship: Gervais Koffi Djondo and Paul Kammogne Fokam on Saturday, June 20. These two builders, whose journeys have deeply impacted the economic landscape of the continent, were celebrated for their remarkable contribution to the development...

The market continues to respond to the requests of the Senegalese Treasury. Following an auction of Treasury bills (BAT) with a maturity of 364 days and Treasury bonds (OAT) with maturities of 3, 5, and 7 years, the State of Senegal raised, on Friday, June 19, 107.124 billion CFA francs (nearly 193 million dollars) from...

The sovereign rating of Ivory Coast continues to gain credibility on international markets. Fitch Ratings has confirmed the country’s long-term foreign currency issuer default rating at “BB”, with a stable outlook, thus reinforcing the position of the Ivorian Treasury among the strongest signatures in the African continent. In its analysis dated June 12, 2026, Fitch...

“The Moroccan railway sector welcomes a new leader at its helm. Mounir Bensalah has been appointed General Manager of Colas Rail Morocco, a subsidiary of the French group Bouygues specializing in railway infrastructure. This appointment marks a new milestone in the career of a manager who combines solid technical, industrial, and institutional experience. Formerly the...

Burkina Faso continues to diversify its sources of financing with the launch of a Sukuk issuance of 75 billion CFA francs, aimed at mobilizing resources in the regional financial market. Subscriptions will be open from June 26, 2026. The operation, arranged by Image Finance Internationale, has a maturity of nine years (2026-2035) and offers an annual profit margin of 6.80%. The nominal value of each share is set at 10,000 CFA francs, making the issuance accessible to both institutional investors and individuals. It also benefits from a BB+ rating with a stable outlook, a factor that reinforces investor confidence. This…

The government of the Democratic Republic of Congo (DRC) raised 32.9 million US dollars during a Treasury Bonds auction held on June 16, 2026 on the domestic financial market. Announced by the Ministry of Finance, this initiative aimed to strengthen state budget financing through local market resources and consolidate the development of the Congolese public...

A new step has just been taken in Stellantis’ development strategy in Morocco. AXA Credit Morocco officially changes its name to become Stellantis Salaf Morocco, thus marking the complete integration of the credit institution into the automotive manufacturer’s ecosystem. This transformation comes a few months after the acquisition, in September 2025, of 80% of AXA...

Casablanca Stock Exchange started the week on an exceptional note. Boosted by the announcement of a framework agreement between Washington and Tehran aimed at ending tensions in the Middle East and reopening the Strait of Hormuz, the Moroccan market recorded one of its best performances of the year. The flagship index MASI closed the session...

Photo: Mory Diané (right), founder of Scanning Systems and Commissioner Ngabo Seli Mbogo, in charge of the common market of CEMAC. Central Africa could soon rely on the expertise of a West African operator to modernize its borders. The Economic and Monetary Community of Central Africa (CEMAC) is indeed in advanced negotiations with Scanning Systems for the design, financing, and implementation of four pilot Joint Control Posts (PCJ). An operation that, if finalized, will mark an important step in the modernization of trade corridors in the sub-region and in the rise of an African actor specialized in trade facilitation infrastructures.This…

The BSIC Group continues to diversify its sources of financing by tapping into the regional financial market of the WAEMU through a securitization operation of 45 billion CFA francs. The issuance, called “FCTC BSIC C-1 7.25% 2026-2033”, involves 4.5 million securities with a nominal value of 10,000 CFA francs each, offering an annual yield of...

According to exclusive information from Financial Afrik, the pan-African group SAAR Assurance has just finalized a majority stake in the Insurance and Reinsurance Company (CAR), marking its entry into the Mauritanian market. This operation, subject to regulatory approvals, represents a strategic step for the group, which continues its expansion across the continent. Present in nine...

Africa is reaching a new milestone in its quest for food and industrial sovereignty. The Africa Finance Corporation (AFC) announced on June 15, 2026, a $600 million financing for Greenview Fertilizer Corporation, the holding company that oversees the fertilizer activities of the Dangote Group. This funding is part of a $7 billion XXL expansion program aimed at strengthening the urea production capacity of the continent and breaking its dependence on imports. Beyond the financial aspect, the operation illustrates the growing determination of pan-African institutions to build industrial infrastructure that meets the challenges of food security, industrialization, and economic transformation on…

The permanent closure of Air France’s representation in Mali marks a new stage in the reconfiguration of air transport in West Africa. Three years after the suspension of its flights to Bamako, the French company officially ends its commercial presence in the country as of June 30, 2026, according to a correspondence consulted by Agence...

During the 2026 edition of the Africa CEO Forum, Mohamed Diop, Africa Deputy General Manager of Africa Global Logistics (AGL), spoke to Financial Afrik about the logistical challenges accompanying the continent’s economic transformation. Faced with geopolitical tensions, the rise of the AfCFTA, and the acceleration of regional trade, he discusses the strategic role of multimodal corridors, the still underutilized potential of river transport, and the necessary investments to strengthen intra-African connectivity. According to Mohamed Diop, the future of African trade lies in better-integrated infrastructure, increased digitalization of procedures, and enhanced cooperation between public and private actors. Interview conducted by Daniel…

The Palais de Lomé (Togo) has been hosting the very first exhibition of the “Toyota Tsusho CFAO African Art Award” since June 11, 2026. Through this award, Toyota Tsusho Corporation and CFAO have a clear ambition: to make African contemporary art a means of circulating ideas, imaginaries, and narratives between Africa, Asia, and Europe. Designed as a long-term platform rather than a one-time reward, this Award aims to provide emerging artists from the continent with increased visibility, institutional recognition, and concrete development opportunities. A prize designed as a tool for influence The organizers immediately set the stage: “Africa is now…

The investment vehicle Zafiri has announced its commercial launch with an initial raise of $176 million aimed at accelerating the deployment of decentralized renewable energy in sub-Saharan Africa. Managed by Inspired Evolution, this permanent capital fund brings together the IFC, a member of the World Bank Group, the African Development Bank Group, The Rockefeller Foundation,...

BGFI Holding is preparing to launch, in September 2026, the second tranche of its capital increase for an amount of 81 billion CFA francs, after a first operation that had raised 45.3 billion CFA francs. This new issuance is expected to increase the group’s float from 3.85% to 10%, in line with the requirements of...

At the end of a simultaneous auction of Treasury Bills (BAT) with a maturity of 364 days and Treasury Bonds (OAT) with maturities of 3, 5, and 7 years organized on Wednesday, June 2, 2026, the Burkinabe Public Treasury raised an amount of 44 billion CFA francs (79.2 million dollars) on the West African Monetary...

OLEA, the pan-African insurance broker, continues to expand its presence on the continent with the official opening of its subsidiary in Mauritania, following the receipt of regulatory approvals. This new establishment now brings the total number of countries covered by the group to 27, strengthening its presence in one of the most dynamic markets in...

The South African banking giant Standard Bank no longer wants to play second fiddle in Kenya. The group, present in the country through Stanbic Bank, now has an unequivocal goal: to become the top Kenyan bank by 2030. To achieve this, it is willing to change scale and acknowledges, for the first time with such...

At the end of a simultaneous auction of Treasury assimilable bills (BAT) with a maturity of 364 days and Treasury assimilable bonds (OAT) of 3 and 5 years organized on Tuesday, June 16, 2026 on the financial market of the West African Monetary Union (UMOA), the Ivorian Public Treasury collected 110 billion CFA francs (198...

AXIAN Energy, the energy branch of the AXIAN Group, is reaching a new milestone in its African development. The company announced on June 16th the signing of a $60 million financing facility with The Mauritius Commercial Bank (MCB), one of the leading banks in the Indian Ocean. This line of credit is intended to support...

Benin and Niger continue their diplomatic rapprochement. In a joint statement published on June 16, 2026, the two governments announced that the joint committee of experts tasked with examining the conditions for the reopening of the common border has completed its first cycle of work and submitted its conclusions to the presidents of both countries....

[1.00 USD = 9.238060 MAD] The merger between Sanlam Morocco and Allianz Morocco is entering its decisive phase. After several months of preparation, regulatory approvals, and structural adjustments, the two insurers are preparing to finalize an operation that could reshape the insurance landscape in Morocco and give rise to one of the most powerful players...