Net profit reaches CFA413.6bn ($744m), with 21.5% margin Data and broadband fuel revenue growth of 8.3% to CFA1,923bn Board proposes CFA1,933 dividend as cash flow remains strong Senegalese telecom group Sonatel closed 2025 with consolidated net profit of CFA413.6bn ($744m), up 5.1% from 2024, representing a net margin of 21.5%. Net income attributable to the group stood at CFA341.9bn,...

Total banking assets reach CFA7,586bn ($13.7bn), up 9% year on year State-owned BIIC holds nearly 25% market share with CFA1,885.86bn in assets Possible merger with Société Générale Bénin could add around CFA300bn in assets Total assets of banks operating in Benin stood at CFA7,586bn ($13.7bn) as of December 31, 2025, up 9% year on year, according to data from the Professional...

Democratic Republic of the Congo selected a public-private partnership to pave 258 km of National Road No. 27 in Ituri province. The project carries an estimated total cost of about $1.54 billion, with upfront investment needs of $408.3 million. The concession will run for 25 years under a Build–Operate–Transfer model and include tolling to ensure returns. According to a...

West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan with support from Boston Consulting Group. BOAD exceeded its 2021–2025 Djoliba targets by reaching 107.4% of objectives and committing $5.2 billion. The bank strengthened capital by $900 million and secured $704 million in hybrid bonds. BOAD initiated preparations for its...

Four East African countries signed an agreement creating the DESSU Corridor Authority on February 15 in Djibouti. The multimodal corridor will link the Red Sea to the Great Lakes and connect landlocked economies to Djibouti’s ports. The African Development Bank finances the project and says it will cut transport costs and boost regional trade. The four countries signed the agreement...

As digital payments continue to expand across Francophone Africa, the ecosystem is moving into a more mature phase where the core challenge is no longer access alone, but reliability, interoperability and user trust. The rise of mobile money, the diversification of market participants and the surge in transaction volumes now require stronger infrastructure capable of supporting long-term adoption...

Ghana paid 10 billion cedis ($910 million) in interest under its Domestic Debt Exchange Programme (DDEP). Authorities made the payment fully in cash, marking the second coupon without any in-kind component. The government restructured nearly 137 billion cedis of domestic bonds after losing market access in 2022. The Ghanaian government announced on February 18, 2026, that it paid 10...

Sumitomo Corporation suspended production at the Ambatovy nickel-cobalt mine after Cyclone Gezani hit Madagascar. Ambatovy delivered 28,000 tonnes of nickel in the year to March 2025, well below its designed capacity of 60,000 tonnes. Sumitomo wrote down its Ambatovy asset to zero in fiscal 2024, taking an 89 billion yen ($579 million) impairment. Sumitomo Corporation said on February 18,...

Aurum Resources plans to launch construction of its Boundiali gold project in 2026. The project currently hosts 2.41 million ounces of identified gold resources. The company aims to complete prefeasibility and definitive feasibility studies and secure key permits before a final investment decision. Australia’s Aurum Resources plans to launch the construction phase of its Boundiali gold...

MTN Group secured IHS Towers’ board approval for a $8.50 per share offer valuing the company at $6.2 billion. MTN already holds about 25% of IHS Towers and aims to regain control of tower assets it previously sold. The parties target completion by end-2026, subject to shareholder, regulatory and NYSE delisting approvals. South Africa’s MTN Group moved closer to acquiring...