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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 […]
The bilateral partnership between Ottawa and Cotonou has reached a historic milestone. Canada has officially opened its very first full-fledged embassy in Benin. The Canadian diplomatic representation has established its premises in the building housing the MTN Benin General Directorate, located in the heart of the business district in Cotonou. Until now, diplomatic relations between […]
The Minister Delegate to the President of the Republic responsible for National Defense, Gildas Agonkan, received on Tuesday in Cotonou General Christopher Gwabin Musa, Minister of Defense of the Federal Republic of Nigeria. This official visit is part of the efforts to strengthen cross-border military cooperation and to consolidate efforts in the fight against insecurity […]
The entry of Benin into the era of bicameralism marks a pivotal moment. Tomorrow, Thursday, August 6, 2026, the 25 members of the Senate will meet for a decisive session. The personalities that make up the second chamber will gather tomorrow Thursday at the Palace of Governors in Porto-Novo for a crucial plenary session that […]
Starting from the 2027-2028 season, CANAL+ will exclusively broadcast the main men’s club competitions of UEFA in more than 40 countries in Sub-Saharan Africa. The agreement covers the Champions League, Europa League, and Conference League until 2031. CANAL+ is enhancing its football offering in Africa. The audiovisual group has acquired the exclusive broadcasting rights for […]
Cybercrime caused at least $5 billion in direct economic damages in Africa in 2025, according to INTERPOL’s 2026 report on cyber threats on the continent. The organization particularly warns about the increasing use of artificial intelligence, now involved in 55% of reported cases, while the technical and judicial capabilities of states remain insufficient. The rapid […]
The issuance of presidential decrees aims to demonstrate that Paul Biya is still in office, while his prolonged absence from Cameroon raises questions about a potential vacancy in power. Since June 7, 2026, the head of state has been outside the country without any public appearance or direct speech. On August 3, several presidential acts […]
The African Development Bank has approved funding of 20 billion CFA francs, which is about 35.15 million USD, aimed at strengthening public finance management in Senegal. The announcement was made on Monday, August 3, by the institution in a statement. This funding is intended to improve the collection of state revenues. It also aims to […]
The trial for the murder of Martinez Zogo continued on Monday in Yaoundé with the testimony of Colonel Jean-Pierre Otolou, who conducted the initial investigations. The former radio host had been found dead near Soa, on the outskirts of the Cameroonian capital, in January 2023. According to this investigator, the most compromising exchanges between Justin […]
Gabon has raised a total of 920 million dollars in international markets, far exceeding its initial target of 750 million dollars. This operation comes as the country faces budget tensions and still high borrowing costs. The Gabonese authorities present this fundraising as a sign of renewed investor confidence in the country. Analyst Cédrick Jiongo, a […]
