All the latest Economy news: updates, analysis, videos and live results.
Togo confirms its positive momentum on the WAEMU public securities market, with a new success recorded during its first outing in June 2025. The operation, conducted on June 5th, enabled the Togolese Treasury to raise 22 billion FCFA, exceeding the initial target of 20 billion FCFA. Investor confidence remains strong. The operation generated significant interest, […]
The first locally designed and operated onshore oil terminal has been commissioned in Nigeria. The loading of the first quantities of crude onto a tanker was carried out at the Otakikpo terminal, with a capacity of 360,000 barrels per day, reported The Nation newspaper. The site was built by the Nigerian company Green Energy International […]
At the end of his term as head of the Central Office for Combating Illicit Enrichment (OCLEI), Moumouni Guindo submitted the institution’s final report to the Malian authorities. A groundbreaking document that reviews eight years of anti-corruption efforts, marked by progress but also serious issues to address. Since its inception, the OCLEI has handled 63 […]
In Burkina Faso, an investigation conducted between 2020 and 2024 revealed a vast fraud system involving the embezzlement of about 34 million liters of subsidized fuel, with damage estimated at over 7 billion CFA francs for the State. This fraud specifically involves 13 industrial units (quarries, construction companies, production units), all found in violation after […]
On Thursday, May 29, Sidi Ould Tah, former Minister of Economy of Mauritania, was elected president of the African Development Bank (AfDB) Group following a decisive vote concluded in the third round. The election was enthusiastically welcomed by Benin, a key supporter of his candidacy. Sidi Ould Tah’s appointment signals a strategic shift for the […]
Despite investing over one billion euros in tourism since 2016, Benin remains isolated by air. Without a national airline to connect Cotonou to major capitals, the country’s ambitions struggle to take off. With low connectivity, lost economic opportunities, and increased regional competition, the creation of a Beninese carrier has become a strategic imperative. For several […]
A historic milestone has been reached for the Glo-Djigbé Industrial Zone (GDIZ), which has officially completed its first shipment of garments to French fashion brand GEMO. This achievement marks a decisive step in Benin’s ambition to become a key player in West Africa’s textile industry. It reflects the combined efforts of the Beninese government and […]
The administration of the Autonomous Port of Cotonou (PAC) has taken a new step in its strategy to modernize and streamline port operations. In an official memo dated May 22, 2025, PAC Director General Bart Johan Jozef Van Eenoo announced a major reform: a reorganization of the conditions under which export container stuffing operations may […]
Western companies in the commodities and shipping sectors are reportedly consulting legal firms to assess the possibility of resuming business ties with Russia, amid speculation that U.S. sanctions against Moscow could be eased, the Financial Times reports. According to the paper, President Donald Trump’s apparent intent to rebuild ties with the Kremlin is opening up […]
The French Days 2025 kicked off this Wednesday, April 30, offering consumers a full week of promotions across a wide range of products. Launched in 2018 by several major French retailers, this sales event was designed to rival Black Friday by offering significant discounts on various items. French Days 2025 are a unique opportunity to […]
is stepping up its stance against the flood of low-cost parcels arriving from China. In a context marked by a surge in ultra-cheap deliveries, the government is aiming to dismantle a system it deems both unfair to local retailers and harmful to public finances. On Thursday, four ministers—including Amélie de Montchalin—visited Roissy Airport to […]
The French government plans to eliminate or merge a third of its public agencies and institutions starting next year, in a bid to reduce a budget deficit deemed too high. The announcement was made by Amélie de Montchalin, Minister of Public Accounts, during an interview on CNEWS. “In 2025, the state will undertake the largest […]
Christine Lagarde, President of the European Central Bank (ECB), is set to take over leadership of the World Economic Forum (WEF), held annually in Davos, Switzerland, following the end of her term in 2027, according to SonntagsZeitung, citing sources within the organization. According to these sources, Peter Brabeck-Letmathe, who was appointed interim chairman of the […]
Gold futures for June 2025 delivery have reached a new all-time high, surpassing $3,500 per ounce on the Comex exchange. As of 03:30 (UTC), gold was trading at $3,500.10 per ounce, up 4.59%. By 03:45, the precious metal had slightly slowed its rise, trading at $3,499.70—an increase of 4.77%. Meanwhile, Brent crude futures for June […]
Russia will supply Senegal with seed batches, assist in the introduction of organic fertilizers, and train agri-food specialists, announced Modou Gueye Seck, advisor to the Senegalese Prime Minister on agriculture and director of the Department of Financing and International Partnerships at the Ministry of Agriculture, Food Sovereignty, and Livestock. According to Seck, the priority projects […]
Senegalese Prime Minister Ousmane Sonko has reaffirmed his government’s commitment to breaking away from the CFA franc, which he considers incompatible with the country’s ambitions. Ousmane Sonko, who became Senegal’s Prime Minister in April 2024, has openly voiced his opposition to the CFA franc (FCFA), arguing that it no longer aligns with the nation’s economic […]
Mali approves transfer of Bougouni lithium mine exploitation permit, marking a key step toward production launch On Wednesday, April 16, 2025, the Malian government approved, during a Council of Ministers meeting, the transfer of the exploitation permit for the major lithium mine located in Foulaboula, within the Bougouni Circle. The permit has been granted to […]
As part of its economic diversification strategy, Nigeria has signed a mining cooperation agreement with South Africa. The announcement was made on Thursday by Nigeria’s Minister of Solid Minerals, Dele Alake, who reaffirmed the government’s commitment to reducing the country’s heavy reliance on oil revenues. This bilateral partnership aims to strengthen collaboration between the two […]
The International Monetary Fund (IMF) has approved the immediate disbursement of $129 million to Mali under the Rapid Credit Facility. This funding will help the Sahelian country effectively address the aftermath of the 2024 floods. The country led by General Tiani is set to receive significant financial support to cope with the severe impact of […]
Starting May 1st, Ghana will prohibit foreigners from operating in the artisanal gold market. The decision, announced by the Ghana Gold Board—the state agency in charge of regulating the gold sector—marks a significant shift for Africa’s leading gold producer. The stated objective is to increase state revenues from gold exploitation while combating smuggling and capital […]
