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Page : 72 - Results of 711 to 720 from 16852 Results

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02/08/2025
• Presidential Decree 2019-034 transformed PAD from landlord to master developer, allowing PAD to monetise surplus plots and diversify revenue, exactly the playbook used by  Rotterdam, Durban, and Singapore.• PAD’s 360 bn CFA intake is a textbook BOT cash-flow stack: 264 m CFA fixed rent yearly (6.6 bn total), 3 % variable on turnover (≈ 30 bn), 985 m CFA signing bonus, plus...
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01/08/2025
Credit stress rose as NPLs hit 14.3% by Nov 2024, driven by BEAC's rate hike to 6.75%. Concentration in top banks (54% assets) holds 75% of bad loans, with deposits shifting to cash hoarding. A $550 million Eurobond and CFA131 billion loan offer relief for State Owned Enterprises' arrears, but refinancing risks loom. Cameroon’s banking system ended 2024 with a paradox: most...
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01/08/2025
Solarcentury has launched the first 25 MW phase of the Mailo solar project. Electricity is now sold on the Southern African Power Pool without a PPA. The plant is set to reach 118 MW, with 500 MW more planned across the region. UK-based Solarcentury Africa has commissioned the first 25 MW phase of its Mailo solar power plant in Zambia, the company announced on July 30. The...
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01/08/2025
A new bilateral commission will oversee energy, education, and security projects. The initiative follows President Traoré’s visit to Russia in May 2025. Trade reached $753.5 million in 2024 and is expected to grow further. Burkina Faso and Russia have set up a joint intergovernmental commission to strengthen their strategic partnership. The announcement was made on July 30,...
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01/08/2025
The government of Côte d’Ivoire will allocate CFA25.3 billion (about $44 million) to support its cotton sector in the 2025/2026 season, Agriculture Minister Kobenan Kouassi Adjoumani announced on July 31. This is more than double the CFA11.9 billion ($20.7 million) granted for the previous campaign. The increased subsidy will help maintain the producer price for first-grade seed cotton...
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01/08/2025
 NDPHC aims to commercialize 200 MW from idle plants, pending regulator approval. Nigeria generates only 4,000-6,000 MW despite 14,000 MW installed capacity. Poor coordination and delays block power sales, straining producers like NDPHC. Nigerian power company Niger Delta Power Holding Company (NDPHC) plans to commercialize 200 megawatts (MW) of its unused electricity...
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01/08/2025
 MSC to launch Iroko service on Sept 10, directly linking China, Singapore, and West Africa. Route reduces transshipment, cutting transit times to ports like Pointe-Noire and Lagos. Part of MSC's expansion amid growing Asia-Africa trade; includes 24,000-TEU ships. Mediterranean Shipping Company (MSC) announced a new direct service, Iroko, connecting China and Singapore with...
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01/08/2025
• COBAC orders CEMAC banks & MFIs to comply with Islamic-finance rules by 31 Dec 2025, using only approved Islamic windows.• Regulation 04/22/22 defines instruments, mandates Sharia boards, enables Islamic windows or standalone banks in CEMAC.• By July 25 Islamic finance runs via windows: no standalone bank yet, BDEAC’s window active, SME usage & events rising. Banking and microfinance...
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01/08/2025
Rawbank announced in a statement dated 23 July 2025 the appointment of Françoise Lungangi Kitundu as an independent director, with the approval of the Central Bank of Congo (BCC). She has also been appointed Chair of the bank’s Audit Committee and now sits on the Remuneration Committee. The purpose of this appointment is to strengthen the oversight and governance bodies of the country’s...
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31/07/2025
• Attijariwafa Bank’s H1 2025 net income rose 19.8% to 5.9B dirhams.• Strong loan growth and lower risk costs boosted performance.• Operating cash flow fell sharply to -11.6B dirhams, raising short-term concerns. Moroccan banking group Attijariwafa Bank reported a net income (group share) of 5.9 billion dirhams ($645 million) as of June 30, 2025, a 19.8% increase from 4.9 billion...
 

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