Senegal is facing liquidity challenges, with its debt reaching 107% of GDP. The government has pledged reforms to ensure greater transparency, and talks are underway about restructuring local bank debt. At the IMF, officials have expressed support for the country, with ongoing efforts to find solutions to stabilize the situation. Senegal’s international bonds are holding steady on the market,...

Senegal's President Diomaye Faye believes that a complete overhaul of the country’s financial and accounting institutions is crucial to bring about a real shift in economic and financial governance. Senegal's President Bassirou Diomaye Faye has called for a new regulation on the conditions and methods of issuing government bonds, along with a more efficient organizational framework to manage...

In 2024, the euro steadily weakened against the dollar, dropping from 1.12 USD/EUR in September to about 1.02 USD/EUR by January 2025, directly causing the CFA franc to lose ground against the dollar. The CFA franc went through a turbulent year in 2024, with significant ups and downs in the foreign exchange market. The common currency used by eight West African nations lost 4.06% of its value...

Camtel, Cameroon’s national telecom company, is taking steps to improve its services. Yesterday, the company’s CEO, Judith Yah Sunday, concluded a training session for 75 new recruits in the fields of information technology and satellite solutions. According to Yah Sunday, this initiative is in response to the growing issue of network quality deterioration, caused by insufficient preventive...

The growth of Africa’s BNPL market is largely driven by its seamless integration into e-commerce platforms as an appealing alternative to traditional payment methods, along with its expanding use in sectors like healthcare and education financing. The Buy Now, Pay Later (BNPL) market in Africa is expected to grow at an average annual rate of 14.8% between 2025 and 2030, reaching a total value...

In recent years, Côte d'Ivoire has stepped up efforts to reshape its economy and society, working to lift people out of poverty and reduce inequality. Those efforts have made a real difference, bringing the poverty rate down from 55% in 2011 to 37.5% in 2021. Côte d'Ivoire aims to raise its average income per capita to $4,000 within the next five years. This goal is part of the upcoming...

At least 48 people–including several women and a child–died last Saturday in Western Mali. They were killed in a gold mine collapse, according to local sources which stressed that the search for additional victims is ongoing. The mine, an illegal operation, experienced a collapse in open shafts that had been abandoned by industrial companies. Victims were buried when the earth caved in, and...

Copper is essential for building and operating data centers, which are expanding rapidly due to the rise of artificial intelligence (AI). This increased demand for copper adds to the already growing needs related to the energy transition. BHP, the mining giant, has projected that global copper demand will surge to 50 million tonnes by 2050, a significant increase from the current 32 million...

Benin’s army neutralized 17 attackers in Banikoara, a town in the north of the country, during an assault on February 15, according to local media reports. The attack led to an exchange of gunfire, resulting in the deaths of six Beninese soldiers. So far, no further details have been provided. This marks the second attack in early 2025. The previous assault, on Wednesday, January 8, left 28...

The Democratic Republic of Congo (DRC) produced over 2 million tonnes of refined copper in 2023, according to the International Copper Study Group. This figure is expected to grow with the commissioning of Ivanhoe Mines' new smelter, but much of this increased supply is already tied to China. The DRC exported 1.48 million tonnes of refined copper to China in 2024, up 71% year-on-year. According...