News

The government members did not meet this first Wednesday of August for the ordinary council of ministers. The absence of this institutional meeting, which has become monthly under President Romuald Wadagni, is due to the government’s departure on leave. This summer break marks a pause in the ministerial agenda after a period of intense activity […]

The city of Casablanca has entrusted a consortium that includes Nareva, Kanadevia Inova, and I-Environment Investments with the task of constructing a large waste treatment and recovery center in Médiouna. The facility is expected to process around 4,000 tons of household waste per day and produce electricity from non-recyclable waste. Casablanca aims to transform part […]

Dangote Petroleum Refinery & Petrochemicals is preparing for an introduction on the Nigerian Exchange with the goal of raising about $5 billion. The operation could be completed in October 2026, following the publication of a prospectus expected in September, pending approval from the Securities and Exchange Commission of Nigeria. The Dangote refinery could conduct one […]

A joint security operation has been underway for several days by Sudan and Egypt on either side of their border to combat gold smuggling networks. This initiative follows the decision of the Sudanese Security and Defense Council to take enhanced measures against trafficking that significantly contributes to financing the war. Sudan is one of the […]

The National Economic Council of Nigeria approved, on Tuesday, August 4, 2026, the refinancing of Project Gazelle, an important financing mechanism backed by future crude oil sales. The operation is intended to reorganize the repayment conditions of this debt, without specifying its amount, duration, or the new volumes of crude oil involved. Nigeria has initiated […]

Côte d’Ivoire and Botswana have signed a cooperation agreement in the mining and energy sectors. The partnership is intended to promote the sharing of experiences in governance of natural resources, skills development, and local processing of minerals. Côte d’Ivoire wants to leverage Botswana’s experience to accelerate the development of its extractive industry. The two countries […]

The ECOWAS Investment and Development Bank and Coris Holding have signed a financing agreement of 80 million euros, which is approximately 52.5 billion CFA francs. This line of credit is intended to strengthen the funding capacity of the banking group, particularly for small and medium-sized enterprises in West Africa. The ECOWAS Investment and Development Bank […]

Ghana’s President John Dramani Mahama has asked the Ministry of Energy to consider amending the rules that require local refineries to pay for crude oil produced in the country in dollars. The aim is to reduce their exposure to exchange rate risk and the pressure on national foreign exchange reserves. Ghana is looking to review […]

The Cotonou city hall has invited individuals who have already obtained a grave reservation in the municipal cemeteries of Akpakpa and PK14 to verify and update their files. Those concerned have a period of 60 days to complete the necessary formalities. The Cotonou city hall announced, in a statement dated August 5, 2026, the launch […]

Africa could generate an additional $77 billion in exports by further developing trade among its economies. According to Afreximbank, most of this potential is concentrated in manufactured and semi-processed goods, while the implementation of the African Continental Free Trade Area faces several structural obstacles. Trade between African countries remains significantly below the continent’s potential. The […]

Seven OPEC+ members have decided to increase their production targets by 188,000 barrels per day starting September 2026. This new hike aims to complete the gradual phasing out of a voluntary reduction of 1.65 million barrels per day that was initiated in 2023. However, the alliance has not yet finalized its policy for the last […]

First HoldCo, the parent company of First Bank of Nigeria, plans to bring back to market a block of 10.43 billion shares representing nearly 25% of its capital. Temporarily held by RC Investment Management, this stake is valued between 1.3 and 1.4 trillion naira at the current stock price, compared to 323.4 billion naira at […]

Bank of America has expanded Simbah Mutasa’s responsibilities by appointing him head of its investment banking activities across the African continent. The banker, who previously oversaw the South African market, will now coordinate the advisory and financing operations of the American institution at the regional level. Bank of America has promoted Simbah Mutasa to the […]

Microfinance institutions in the West African Economic and Monetary Union recorded an improvement in the quality of their credit portfolio at the end of 2025. The gross deterioration rate stood at 7.5%, down from 8.9% a year earlier, but remains significantly above the generally accepted norm of 3% in the sector. The quality of the […]

Nigeria has started exporting a new quality of crude oil from OML 18 thanks to the FSO Cawthorne, a floating storage unit with a capacity of 2.2 million barrels. Supported notably by NNPC and Sahara Group, this infrastructure illustrates the rise of national companies in a sector long dominated by international oil companies. The Nigerian […]

Flutterwave plans to acquire a banking institution in East Africa as part of its expansion into financial services. The co-founder and CEO of the Nigerian fintech, Olugbenga Agboola, has not revealed which country is involved, nor the identity of the targeted bank, or the financial terms of the operation. Flutterwave is furthering its relationship with […]

The Islamist insurgents shebabs announced on Sunday, August 2, the capture of Teedaan, a strategic locality in central Somalia, after 24 hours of fighting against government forces. Residents from nearby areas confirmed to Agence France-Presse that intense clashes had taken place in the area. In a brief statement, the Shebabs claim to have inflicted losses […]

Africa Global Logistics Côte d’Ivoire closed the 2025 fiscal year with a net profit of 784.9 million FCFA, compared to 21.1 billion FCFA in 2024. This decrease of 96.3% occurs despite a 7.4% increase in revenue. Africa Global Logistics Côte d’Ivoire experienced a significant contraction in profitability in 2025. The company’s net result stood at […]