Cameroon considers new IMF program for 2026-2029 Finance Minister warns support loss risks fiscal, FX instability IMF aid key to CEMAC reserve stability, says BEAC governor A decision on whether to conclude a new economic and financial program between Cameroon and the International Monetary Fund (IMF) for 2026-2029 will soon be submitted to President Paul Biya for approval. The move...

BOA boosts capital by $115.9M via free share issuance 4.5M new shares distributed; stock price remains stable Group operates in 18 African nations, Europe, Asia, and U.S. Bank of Africa (BOA) announced on Monday, November 3, that it has completed a capital increase of 1.078 billion Moroccan dirhams (approximately $115.9 million) to strengthen its financial position. The move,...

BGFIBank commits $210M for Kribi oil refinery project New 30,000 bpd refinery to cut fuel imports, boost GDP SNH, Ariana Energies lead project; construction began in July BGFIBank Cameroon, a subsidiary of Gabonese banking group BGFI Holding, has officially committed to raising $210 million to finance the Cstar project, a new oil refinery planned for the port city of Kribi in...

Nigeria delays $2.3B Eurobond after Trump’s militant threat Government awaits market stability, final Justice Ministry approval Moody’s upgrades rating amid reforms, debt issuance still planned Nigeria has slightly delayed the launch of its $2.3 billion Eurobond issuance following comments from President Donald Trump, who threatened military action against Islamist militants...

A South African delegation visited Vietnam and Malaysia to promote meat exports to Asia. Talks are underway to open markets for beef, pork, and lamb in Southeast Asia. Asia already accounts for about 55% of South Africa’s $409.6 million meat export revenue. South Africa aims to expand its meat exports across Asian markets. A delegation led by Agriculture Minister John...

Ghana’s rice producers report over 200,000 tons of unsold stock amid import surges. Imports of milled rice rose 77% between 2021 and 2025, outpacing local production. The government tasked NAFCO to buy surplus stocks and stabilize the market. Ghana’s rice industry is raising alarms over rising imports that threaten local producers and undermine national efforts to achieve...

Nigerian eurobonds fell slightly after Donald Trump threatened military intervention. The 2051 eurobond dropped 0.5 cent before recovering, trading just below 92 cents per dollar. Analysts expect limited market impact as investors remain confident in Nigeria’s reforms. Nigerian sovereign bonds slipped slightly on Monday following remarks by U.S. President Donald Trump, who...

Two ships arrived at Morebaya Port as Guinea readies its first Simandou iron ore shipments. The $20 billion project includes a 650 km railway and major port upgrades. The IMF projects Simandou will raise Guinea’s GDP by 26% by 2030. Guinea is preparing to export its first shipments of iron ore from the Simandou mine, following the arrival on November 2 of two vessels—the...

Blue Gold secured $140 million to revive the Bogoso-Prestea mine amid a legal dispute over its ownership. Local firms like Health GoldFields and Engineers & Planners are emerging as key players in gold mining. The trend reflects a regional push for stronger local participation in West Africa’s mining industry. On November 5, Nasdaq-listed miner Blue Gold announced that it...

Prospect Resources will sell its 90% stake in the Step Aside Lithium project in Zimbabwe. The sale proceeds will fund development of its Mumbezhi copper project in Zambia. Weak lithium prices contrast with strong copper demand and rising market prices. Australian miner Prospect Resources announced on November 5 the signing of an agreement to sell its 90% stake in the Step Aside...