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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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
Islamic finance continues to gain ground in the West African Economic and Monetary Union, supported by licenses issued by the Central Bank of West African States. The number of institutions authorized to operate in this sector rose from two in 2018 to 21 by the end of 2025, according to the BCEAO’s 2025 annual report. […]
In the Democratic Republic of Congo, mining companies are now required to reserve 10% of their share capital for Congolese nationals, in accordance with the revisions to the Mining Code adopted in 2018. The moratorium granted by the Ministry of Mines expired on July 31, paving the way for the implementation of this measure starting […]
Mozambique will allocate €1.2 billion, approximately $1.4 billion, to the rehabilitation and modernization of the Cahora Bassa hydroelectric dam. The ten-year program aims to strengthen the electricity production and transmission infrastructure of this strategic facility for Southern Africa. The investment will be made by Hidroeléctrica de Cahora Bassa, the public operator of the dam. The […]
