Author: Rédaction Financial Afrik

The ECOWAS Bank for Investment and Development (EBID), through its Regional Fund for Agriculture and Food (RFAF), has signed a USD 600,000 Seed Funding Agreement with the Global Green Growth Institute (GGGI). This partnership provides a significant boost to the West African Initiative for Climate-Smart Agriculture (WAICSA) project, marking a decisive step in regional efforts to expand climate-resilient agricultural value chains across ECOWAS. The signing ceremony, held at EBID Headquarters in Lomé, Togolese Republic, on December 11, 2025, reaffirmed the collaborative partnership between both institutions in support of sustainable agricultural transformation. The Seed Fund will play a catalytic role in…

The ECOWAS Bank for Investment and Development (EBID) has welcomed Her Excellency Francia Elena Márquez Mina, Vice President of the Republic of Colombia, to its Headquarters on December 9,2025. The historic visit, led by the first Afro-Colombian Vice President, marks a significant advancement in cooperation between Latin America and West Africa. During high-level talks, both parties agreed to develop an Operational Cooperation Framework to guide strategic engagement for the development of projects, knowledge sharing, and resource mobilisation. Priority sectors were identified, including investment in climate-resilient, value-added agribusiness and Information and Communication Technology (ICT) as catalysts for inclusive growth. Vice President…

Douala, 5 December 2025 – We are pleased to announce the successful handover of Standard Chartered’s Cameroon business to Access Bank Cameroon. The hand over is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.  In April 2022, Standard Chartered strategically decided to divest from a number of markets, including Cameroon. Today’s migration to Access Bank marks a completion of the divestment and a new chapter for Access Bank.  Anna Asonganyi, Chief Executive for Standard Chartered Cameroon remarked, “this transition represents a pivotal moment for Standard Chartered as we refocus our efforts on our core strengths. Our priority throughout this process...

The Rome Process/Mattei Plan Financing Facility (RPFF) Governing Council convened for its first-ever in-person meeting in Rabat, Morocco, on the margins of the Africa Investment Forum (AIF). The Governing Council approved the RPFF’s 2026 work plan, which targets commitments of close to €100 million. These resources are expected to leverage more than €550 million in co-financing from the African Development Bank’s ordinary resources. The investments will advance inclusive growth, enhance essential service delivery, build climate resilience, and address the root causes of irregular migration. This meeting marks an important milestone for the RPFF, which was approved by the African Development…

Jeddah – Kampala, 2 October 2025 – The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, has successfully disbursed a USD 30 Mn financing facility to Uganda Development Bank Limited (UDBL) in Uganda.  This strategic facility marks ICD’s first Line of Finance transaction in Uganda and the broader East Africa region, representing a significant milestone in its efforts to support private sector development across its member countries in Sub Saharan Africa.  ICD’s funding, structured under a long-term Commodity Murabaha, is expected to empower local Small and Medium Enterprises (SMEs) by enabling access to medium- and long-term resources for productive investments.   Uganda’s agribusiness, education, investment in fixed assets (including land, building, machinery, equipment) manufacturing, and healthcare sectors are set to…

Lomé, Togo, 29 September 2025 — The Board of Directors of the ECOWAS Bank for Investment and Development (EBID), during its 93rd Ordinary Session convened at the Bank’s headquarters in Lomé,approved a totalofUSD 308.631 million to catalyse strategic investments in clean energy, industrial development, and sustainable growth across West Africa. The session was presided over by Dr. George Agyekum Donkor, President and Chairman of the Board of Directors. Dr.Donkor underscored thatthe newly approved financing will advance strategic public and private sector initiatives aligned with EBID’s mandate to promote sustainable development throughout the ECOWAS region by strengthening regional integration and fostering…

On 20 September 2025, more than 150 employees of Africa Global Logistics Congo participated in Cleanup Day, the global day dedicated to cleaning up the planet. The teams cleaned more than 40,000 m² of a median strip located in the logistics zone to protect the environment. ‘Our employees’ commitment to this event demonstrates their ownership of our environmental charter. We are working towards a zero-waste goal and doing everything we can to keep our workspaces clean,’ explains Erlette Raïssa DEKAMBI, CSR Manager. World Cleanup Day is a global event that mobilises citizens to pick up rubbish in order to protect…

London, United Kingdom, 14 August 2025 – Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), and Mr. Ashok Kumar Vartia, Chief Executive of India Exim Bank, London Branch, today signed a commercial credit line agreement for an amount of USD 40 million in London. The London Branch of India Exim Bank hosted His Excellency, the President of EBID, Dr. George Agyekum Donkor, and his team for the signing ceremony. India Exim Bank, through its global network of offices and wide range of financial, advisory and…

Press Release Casablanca, Kingdom of Morocco, November 12 2024 – Amid an unprecedented reconfiguration of the African financial industry, the Africa Financial Industry Summit (AFIS) 2024 will bring together private sector leaders and government representatives from across the continent and around the world with one goal: to develop strategies that enable African finance to become a driver of development, economic growth, and resilience. The event, founded by Jeune Afrique Media Group in 2021, co-hosted by the International Finance Corporation (IFC), hosted with the with the Ministry of Economy and Finance and Bourse de Casablanca will take place this year in…

Banjul, The Gambia – October 23, 2024 The Institute for Inclusive Digital Africa (IIDiA) and the Central Bank of The Gambia (CBG) are holding a technical training workshop on the Mojaloop real-time payment switch. This intensive capacity-building program, supported by the Bill & Melinda Gates Foundation, will empower Gambian financial institutions with essential skills to implement and operate this interoperability infrastructure. From October 23 to November 1, 2024, IIDiA and Mojaloop will host an intensive training program in Banjul. The workshop will focus on providing technical expertise in Mojaloop’s open-source tools and technologies, ensuring that participants—including Digital Financial Service Providers, Microfinance Institutions,…

Kenya has settled the balance of $556.97 million of the 2014 Eurobond that was maturing in June 2024, using a part of the proceeds of a $1.2 billion World Bank loan. The Central Bank of Kenya has said in its latest weekly briefing that the move has pushed the reserves above the four-month statutory requirement...

Kenyans from around the world have taken to the streets to protest against the Finance Bill for the second week, even as the government says it is open to dialogue. The diaspora communities in Washington, DC are up in arms to reject the finance bill that has introduced a raft of new taxation measures including...

The proceedings of the first regular session of the Council of Ministers of the West African Monetary Union (WAMU) for the year 2024 began this Thursday, March 28 in Dakar. Gathered at the headquarters of the Central Bank of West African States (BCEAO), several items are on the agenda, notably the examination of the report...

The Eighth Regional Forum for Sustainable Development (ARFSD 2022) concluded today, with the adoption of the Kigali Declaration on Good Practices and Solutions to Strengthen the Implementation of the Sustainable Development Goals in Africa . Adopted by the 54 Member States present, the Kigali Declaration urges African countries to link mutually reinforcing policies for sustainable development and post-COVID-19 recovery to ensure an inclusive exit from the pandemic. The document calls on African countries to take advantage of new tools, innovative solutions and technologies, including through strengthened partnerships with the private sector, academia, non-governmental organizations, civil society and other stakeholders. ,…

BH Assurance, an insurance company operating in Tunisia, signed, on March 2, 2022, a technological partnership agreement with Axxis Systems, the Spanish subsidiary of ERP insurance, for the overhaul of its information system. Presented as a leader in the digitalization of the insurance sector in the country, the insurer indicates that it declares itself, through...

The Algerian Fund for Start-ups (AFS) has granted 510 million Algerian dinars (about 3.5 million USD) in financing to initiators of innovative projects, said its director of participations, Hachani Okba, on March 5, 2022 in Algiers. . According to the official who was speaking at the 2nd edition of the National Conference of Start-ups, the...

The course of the price of a barrel of oil continues impetuously. Consequence of the sanctions imposed on Moscow in the context of the war in Ukraine. Indeed, the data show a rise in the price of a barrel of Brent from the North Sea to 139.13 dollars on Sunday March 6 around 11 p.m....

Since December 20, the share price of Ecobank Transnational Incorporated (ETI) on the Regional Stock Exchange (BRVM) of the West African Economic and Monetary Union (UEMOA) has left its floor value of 13 CFA francs, on which it had been frozen for 18 months. The stock has since moved in a very volatile fashion. In the space of two months, the title has experienced variations of up to +100% (going from 13 F CFA to 27 F CFA), then equally marked declines, until returning in recent days to levels close to the floor price, with a last price quoted at…

It is through a press release published Thursday, March 3 that the Senegalese Ministry of Foreign Affairs and Senegalese Abroad informs that it has sent to the Ukrainian ambassador in Dakar, a note of verbal protest against a process of enlistment of volunteers to help Kiev against the Russian military offensive. Serious facts, according to...

Albert Ouédraogo, economist and specialist in business development and management, was appointed Prime Minister of Burkina Faso on Thursday 3 March. An announcement made by presidential decree six weeks after the January 24 coup. Originally from Dori, a city in the north-east of the country, the new tenant of the prime minister, a civilian as...

Inflation continues to panic the counters in the Uemoa zone. Its rate fell from 6% in December 2021 to 6.5% in January 2022 according to data from the monthly statistics bulletin published on Wednesday March 2 by the Central Bank of West African States (BCEAO). By country, Mali records the highest rate with 8.7%. It...

The UN General Assembly voted Wednesday, March 2, a resolution condemning the Russian military intervention in Ukraine. Of the 193 member countries of the Organization, 141 countries (including 28 in Africa approved the text), against 5 five who voted against. These are Russia, Belarus, North Korea, Syria and Eritrea, the only African country in this list. For their part, 35 States abstained. Among them, China and 14 African states: Senegal, Mali, South Africa, Angola, Algeria, Uganda and Tanzania, among others. In detail, this resolution “deplores in the strongest terms Russia’s aggression against Ukraine” and affirms “its attachment to the sovereignty,…

The International Finance Corporation (IFC), a member of the World Bank Group, announced on February 28, 2022, the appointment of Kyle Kelhofer as Senior Regional Representative for Benin, Ghana, Liberia, Sierra Leone and Togo . The American thus succeeds Ronke-Amoni Ogunsulire and will have to focus on supporting private sector growth, job creation and post-Covid-19...

The African Union (AU) spoke out, on February 28, 2022, on the accusations of racist behavior which are multiplying at the borders of Ukraine. Saying in particular “concerned” by the “shocking and racist” reports according to which Africans wanting to leave the country at war against Russia are the subject of different treatment. In a...

The work of the national assizes of the texts of the constitutional charter of the transition in Burkina Faso ended on the night of Monday February 28 to Tuesday March 1. The document subsequently signed by Lieutenant-Colonel Paul-Henri Sandaogo Damiba (photo) provides for a period of three years for the transition from the date of...

The war in Ukraine weighs on African currencies. Naira jostled by port chaos. The CEDI is losing ground against the dollar. The Rand rebels. The Egyptian pound immunized by the Chinese vaccine. The Kenyan Shilling blames expensive oil. Headwinds on the Ugandan shilling. The Tanzanian Shilling bets on gas. The Ugandan Shilling bets on Europe. Here are the trends of the main currencies of Africa for the week of February 28 to March 06, 2022 presented by AZA Finance, the largest non-bank foreign exchange broker in Africa, with a transaction volume of more than 1 billion dollars per year. War…

The current events in Ukraine, invaded since Thursday, February 24 by Russian troops, do not leave the United States and the European Union, two great allies of Kiev, indifferent. Both parties have decided to wage war on Russia by hitting it on the wallet, even if they do not intervene militarily on the ground. On...

The inaugural act of the celebration of the 45th anniversary of the African Guarantee and Cooperation Fund (Fagace) took place this Thursday, February 24 in Cotonou. It was in the presence of the director general of the institution, the representative of the Beninese Minister of Economy and Finance, partners of the institution and personalities at various levels. It is, according to the director general, Ngueto Tiraina Yambaye, a ceremony that launches the celebration. In his opening speech, he paid tribute to the founders of Fagace before recalling the chronology of its creation. “The only thing missing in the link of…

Uhuru Kenyatta formalized, Thursday, February 24, his support for the candidacy of Raila Odinga, his former opponent. The Kenyan president has indeed called on his supporters to vote for the 76-year-old presidential candidate scheduled for August 9. This support is announced at the expense of the current vice-president, William Ruto, candidate of the United Democratic...

The Central Bank of Kenya (CBK) launched this Wednesday, February 23, the National Payments Strategy at an event that brought together representatives of key regional and international institutions. The document covers the period 2022-2025 and aims to consolidate the gains made since then in the Mobile Money sub-sector, and “to pave the way towards a...