In less than two weeks, Côte d’Ivoire has raised more than CFA480 billion ($774 million) on the regional market. This success reflects the country’s strong reputation among investors. Since the start of the year, Côte d’Ivoire has issued over 160 new securities, intensifying its fundraising efforts. On November 26, the country raised CFA275 billion ($443 million). It followed this with...

In Q2 2024, Nigeria's exports amounted to 17,545 billion naira ($11.2 billion), while imports totaled 13,497 billion naira. Nigeria's trade balance showed a surplus of 5.8 trillion naira (around $3.7 billion) in Q3 2024, according to the "Foreign Trade in Goods Statistics" report from the National Bureau of Statistics (NBS), released on December 6. The report reveals a...

Francophone Africa is no longer just another option; it has become, in many ways, a destination in its own right. With regulatory reforms, a surge in venture capital, and growing sector diversification, the region is making its mark. Major investors are establishing a presence, and impact-driven projects are on the rise. However, significant challenges still remain. Structural reforms, the rise...

Underserved communities in Africa usually face key challenges in the financial and telecoms landscape. Leveraging innovative technology and partnerships can help in addressing these most pressing socio-economic challenges. EGroupX, a fintech and connectivity firm, has launched in South Africa’s financial and telecom sector, offering services like a mobile virtual network operator (MVNO) and...

Internet access is essential for economic and social activities like online education, e-commerce, and remote work. Poor connectivity and frequent outages hinder growth and productivity. Reliability and consistency from service providers are crucial to support these activities in today’s digital-driven world. Nigeria’s Competition and Consumer Protection Commission (FCCPC) launched an...

With this grant, the EU reiterates its commitment to supporting Côte d'Ivoire's development, further strengthening their strategic partnership. Over the past decade, bilateral trade grew to €9.2 billion in 2023, according to EU data. The European Union (EU) has announced a new investment of €153 million ($161.87 million) in Côte d'Ivoire between 2025 and 2027. This announcement...

Air transport in West Africa faces significant challenges. High ticket prices, outdated airport infrastructure, and weak regional integration have kept the sector underdeveloped. However, local political and economic leaders are increasingly focused on improving aviation, recognizing its key role in economic development. Since December 2022, intra-African air connectivity has returned to...

Benin’s public debt is mostly external, totaling $7.8 billion, while domestic debt is $3.13 billion. These represent 37.7% and 15.2% of the country’s GDP, according to the CAGD. As of September 2024, Benin's public debt has reached CFA6,843.84 billion (about $11 billion), representing 52.8% of the country's GDP, according to the latest report by the national sinking fund...

Following the suspension of uranium production in October 2024, Orano decided in November to cut back on specific expenses related to its mining operations in Niger. This decision, rejected by the government, came after the company could not export its uranium for several months. Authorities in Niger have taken operational control of Orano's local subsidiary, Somaïr. The French company...

Perseus Mining acquired the Nyanzaga gold project this year, potentially its fourth gold mine in Africa. Though it delayed to secure the necessary approvals, the company intends to start gold production by early 2027. Perseus Mining announced on December 5, 2024, that the final investment decision (FID) for the Nyanzaga gold mine has been postponed to January 2025. FID was expected for the end...