The WAEMU currency has achieved an unprecedented peak against the Nigerian currency-naira, reaching 2.45 naira per franc as of January 15, 2024. This information, reported by the Central Bank of Nigeria, presents a unique set of opportunities for WAEMU investors who are eyeing financial products, bolstered by the enhanced purchasing power that a robust CFA franc offers. However, making effective...

This funding is a further boost to strengthen Ivorians' resilience to the challenges of climate change. The International Monetary Fund (IMF) announced it has approved the disbursement of $1.3 billion to support the government of Côte d'Ivoire’s efforts against climate change. In a Feb.16 statement, the lender reported that the resources will be allocated under the Resilience and...

Senegal's Constitutional Council has ruled against the postponement of the presidential election, deeming it unconstitutional. However, the high court has not provided any guidance on resolving the current political deadlock. The ruling declared the law pushing the presidential election to December 15, 2024, and allowing President Macky Sall to oversee the transition period after his term ends,...

Airbus SE (stock exchange symbol: AIR) reported consolidated Full-Year (FY) 2023 financial results and provided guidance for 2024.“In 2023 we recorded strong order intake across all our businesses and we delivered on our commitments. This was a significant achievement given the complexity of the operating environment,” said Guillaume Faury, Airbus Chief Executive Officer. “We will continue...

After a decade of consistent growth, the volume of investment captured by African startups has seen a year-on-year decline in 2023. This drop is attributed to a combination of primarily external factors, but a recent report sheds light on the decrease as a realignment of investment strategies. According to a recently released report by Briter Bridge, the investment volume in African tech...

The healthtech industry in Africa showed resilience over the past year, only dipping 2% in funding. In contrast, the broader African tech world saw a substantial 39% decrease in fundraising. Healthcare consulting firm Salient Advisory published a report on Monday providing an overview of fundraising activity in the sector in 2023. According to this document entitled "2023 Roundup: Investments in...

In a bid to boost free trade under the implementation of the African Continental Free Trade Area (AfCFTA), several models have been proposed to revamp the railway system. These proposals aim to address existing transportation hurdles and enhance intra-African trade efficiency. In Late December, South African trade research group Tralac issued a report proposing cheaper alternatives to rebuilding...

Transparency International observed in its latest Corruption Perceptions Index (CPI) little improvement in anti-corruption efforts across all African countries, although some stand out. The best performances were notably noted in countries like Seychelles, Angola, and Côte d'Ivoire. Transparency International recently issued its Corruption Perceptions Index (CPI) for 2023. The organization...

In early January 2023, the Military Government of Burkina Faso launched the Patriotic Support Fund (PSF) to boost citizen engagement in restoring security nationwide. This initiative has successfully raised just over CFA99 billion, which is around $162.2 million, to aid in the fight against terrorism. The government, announcing the extension of the PSF for an additional year starting from...

From March 2023 to January 2024, AGL Côte d'Ivoire carried out the end-to-end logistics of the medical equipment, ordered by the Ivorian Ministry of Health and intended for the hospitals of the cities hosting the CAF TotalEnergies Africa Cup of Nations, Côte d'Ivoire 2023 matches. AGL Côte d'Ivoire's operational teams carried out the air transit, storage, delivery and installation of 6...