Although Senegal is going through a period of financial turbulence, the government’s transparency and responsiveness could prove crucial in restoring the...
The operation will involve two bonds with 5- and 8-year maturities, offering fixed rates of 6.50% and 6.80%, to fund public projects. Burkina Faso's...
The operation will involve two bonds with 5- and 8-year maturities, offering fixed rates of 6.50% and 6.80%, to fund public projects. Burkina Faso's...
The international agency explains this rating by the improvements in the economic environment in WAEMU, even though political tensions continue in Niger,...
The international agency explains this rating by the improvements in the economic environment in WAEMU, even though political tensions continue in Niger,...
The report highlights that this record is nearly four times below the continent's needs, which are projected to reach around $190 billion annually...
The report highlights that this record is nearly four times below the continent's needs, which are projected to reach around $190 billion annually...
The American rating agency cited the strength of Benin's economic and financial fundamentals to explain the revision of its outlook, despite the unstable...
The American rating agency cited the strength of Benin's economic and financial fundamentals to explain the revision of its outlook, despite the unstable...
United Bank for Africa experienced a 20.2% rise in pre-tax profit, reaching 603.48 billion naira (about $422 million) in the first nine months of...
United Bank for Africa experienced a 20.2% rise in pre-tax profit, reaching 603.48 billion naira (about $422 million) in the first nine months of...
In Senegal, SMEs make up 98% of the economy, yet they only access 9% of available credit, largely due to the banking sector's reluctance to lend.
The...
In Senegal, SMEs make up 98% of the economy, yet they only access 9% of available credit, largely due to the banking sector's reluctance to lend.
The...
After focusing on North Africa since its launch in 2010, the Egyptian VC firm plans to gradually expand its operations into sub-Saharan Africa, starting...
After focusing on North Africa since its launch in 2010, the Egyptian VC firm plans to gradually expand its operations into sub-Saharan Africa, starting...
African countries need to reform their tax systems, which currently average around 17% of GDP, according to UNECA. Key priorities include broadening the...
African countries need to reform their tax systems, which currently average around 17% of GDP, according to UNECA. Key priorities include broadening the...
Sub-Saharan Africa continues to capture investor interest, especially in mining, energy, and tech. The region’s natural resources, growing population, and...
Sub-Saharan Africa continues to capture investor interest, especially in mining, energy, and tech. The region’s natural resources, growing population, and...
While the projected tax revenues for 2024 in Côte d'Ivoire are estimated at CFA6,121.40 billion (just over $10 billion), the collection rate as of...
While the projected tax revenues for 2024 in Côte d'Ivoire are estimated at CFA6,121.40 billion (just over $10 billion), the collection rate as of...
Gide’s Casablanca, Tunis, Brussels and Shanghai offices are assisting Votorantim Cimentos on the sale of its subsidiaries in both Morocco and...
Gide’s Casablanca, Tunis, Brussels and Shanghai offices are assisting Votorantim Cimentos on the sale of its subsidiaries in both Morocco and...
British investment firm Helios continues to expand its commitment to the food sector in North Africa. It is seeking a substantial minority stake in...
British investment firm Helios continues to expand its commitment to the food sector in North Africa. It is seeking a substantial minority stake in...
Mali plans to repay about $1.015 billion in domestic debt under its 2024 budget plan.
The Malian government is set to raise nearly CFA200 billion...
Mali plans to repay about $1.015 billion in domestic debt under its 2024 budget plan.
The Malian government is set to raise nearly CFA200 billion...
Gide’s Casablanca, London and Brussels offices assisted the International Finance Corporation (IFC, part of the World Bank Group), FIPAR Holding (an...
Gide’s Casablanca, London and Brussels offices assisted the International Finance Corporation (IFC, part of the World Bank Group), FIPAR Holding (an...
Gide advised Somdia, a subsidiary of the French group Castel, on the sale of its wheat flour production units in Cameroon and Congo to the Cameroonian...
Gide advised Somdia, a subsidiary of the French group Castel, on the sale of its wheat flour production units in Cameroon and Congo to the Cameroonian...
Now sitting at 65th on the list of the world's richest people, the head of Dangote Group has reached a new peak in wealth, according to the index. This...
Now sitting at 65th on the list of the world's richest people, the head of Dangote Group has reached a new peak in wealth, according to the index. This...
Senegal's first Islamic microfinance institution has signed a loan agreement with Fonsis. This funding will help expand the availability of Islamic...
Senegal's first Islamic microfinance institution has signed a loan agreement with Fonsis. This funding will help expand the availability of Islamic...
KINEDEN Commodities SA, one of the largest Ivorian sustainable cocoa traders, has secured nearly €60 million from a pool of international banks to...
KINEDEN Commodities SA, one of the largest Ivorian sustainable cocoa traders, has secured nearly €60 million from a pool of international banks to...
AfricInvest and Proparco have approved investments in Lapaire, a fast-growing eyewear company, to support its expansion across Africa. AfricInvest...
AfricInvest and Proparco have approved investments in Lapaire, a fast-growing eyewear company, to support its expansion across Africa. AfricInvest...
The private sector arm of the AFD group has extended a third loan to Microfinance Solidaire since 2016. This funding will support the lending activities...
The private sector arm of the AFD group has extended a third loan to Microfinance Solidaire since 2016. This funding will support the lending activities...
JP Morgan Chase & Co, the largest U.S. bank with assets totaling $3.875 trillion, will open a representative office in Kenya under the name JP...
JP Morgan Chase & Co, the largest U.S. bank with assets totaling $3.875 trillion, will open a representative office in Kenya under the name JP...
Ecobank is working hard to overcome the challenges its Nigerian branch is facing. On September 16, 2024, the bank shared some encouraging news with...
Ecobank is working hard to overcome the challenges its Nigerian branch is facing. On September 16, 2024, the bank shared some encouraging news with...
Shareholders of BOA Côte d'Ivoire have approved a capital increase to CFA40 billion by incorporating reserves and issue premiums. This move aims to...
Shareholders of BOA Côte d'Ivoire have approved a capital increase to CFA40 billion by incorporating reserves and issue premiums. This move aims to...
The newly formed company aims to serve nearly 12 million low-income Egyptians, offering insurance products tailored to their needs.
Axa Egypt, a leading...
The newly formed company aims to serve nearly 12 million low-income Egyptians, offering insurance products tailored to their needs.
Axa Egypt, a leading...
Even though the growth is small, it’s mostly thanks to the strong performance of non-life insurance.
Morocco's insurance market (both life and non-life)...
Even though the growth is small, it’s mostly thanks to the strong performance of non-life insurance.
Morocco's insurance market (both life and non-life)...
The continued lack of activity since 2009 shows that investors have little interest in bonds listed on the Algiers Stock Exchange, preferring instead to...
The continued lack of activity since 2009 shows that investors have little interest in bonds listed on the Algiers Stock Exchange, preferring instead to...
Ecobank Transnational Incorporated (ETI), a leading pan-African bank, has announced plans to raise up to $600 million through a new senior unsecured...
Ecobank Transnational Incorporated (ETI), a leading pan-African bank, has announced plans to raise up to $600 million through a new senior unsecured...
The investment aims to reduce the critical funding gap faced by African climate tech startups.
On October 3, 2024, the International Finance Corporation...
The investment aims to reduce the critical funding gap faced by African climate tech startups.
On October 3, 2024, the International Finance Corporation...
The African Development Bank Group has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective...
The African Development Bank Group has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective...
BOA Mali’s net profit surged in the first half of 2024, reaching CFA4.8 billion, driven by a 44% drop in risk costs and a modest 4% increase in net...
BOA Mali’s net profit surged in the first half of 2024, reaching CFA4.8 billion, driven by a 44% drop in risk costs and a modest 4% increase in net...
When it becomes operational, this market will provide additional funding for SMEs, which are vital to driving economic growth in the UMOA region.
The...
When it becomes operational, this market will provide additional funding for SMEs, which are vital to driving economic growth in the UMOA region.
The...
Côte d'Ivoire remains the top issuer and most active player on the regional financial market, accounting for nearly 40% of the funds sought this fourth...
Côte d'Ivoire remains the top issuer and most active player on the regional financial market, accounting for nearly 40% of the funds sought this fourth...
ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems in Africa, is pleased to announce the...
ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems in Africa, is pleased to announce the...
The strong performance of Attijariwafa Bank’s Ivorian subsidiary was mainly fueled by a 10% rise in operating profit and a 7% increase in net banking...
The strong performance of Attijariwafa Bank’s Ivorian subsidiary was mainly fueled by a 10% rise in operating profit and a 7% increase in net banking...
Following Gabon's example, the "debt-for-nature" approach is becoming more popular in Africa, particularly among nations with heavy debt burdens and rich...
Following Gabon's example, the "debt-for-nature" approach is becoming more popular in Africa, particularly among nations with heavy debt burdens and rich...
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