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Taxing mobile money: Ghana scrapped it, Cameroon kept it

Governments across Africa tried to tax digital transfers. Ghana’s levy became so unpopular it was abolished. Cameroon’s is still collected. Which approach raised money, and which drove people back to cash? In 2022, two governments made the same bet within weeks of each other. Ghana introduced an electronic transfer levy on mobile money and other...

Nigeria’s banks have recapitalised. What does that mean for the rest of Africa?

The Central Bank of Nigeria gave its banks two years to raise capital, with a deadline in March 2026. The consequences reach far beyond Lagos — including into Central Africa, where Nigerian banks are among the largest foreign players. In 2024, the Central Bank of Nigeria ordered a sharp increase in minimum capital, with the...

Buying land back home: the diaspora’s most expensive mistake

Every Central African family abroad knows a version of the story: money sent for a plot, a house half built, a title that turns out to belong to someone else. Property is the diaspora’s favourite investment and its most litigated one. For most of the diaspora, the first investment at home is land. It is...

Diaspora bonds: Nigeria did it in 2017, so why not Cameroon?

Central Africa’s diaspora sends money home every month. No CEMAC state has ever asked it to lend. Nigeria raised $300m from its diaspora in 2017. The idea deserves a serious look, not a slogan. A diaspora bond is a sovereign bond sold to citizens abroad, usually in small denominations, often at a rate below the...

Africa-France Impact Coalition: five months after Nairobi, time to check the numbers

On Sunday 4 October, Emmanuel Macron hosted the business leaders of the Africa-France Impact Coalition at the Élysée Palace, with Benin’s President Romuald Wadagni as guest of honour. Five months after the Nairobi summit, the coalition is becoming a permanent fixture. That leaves three questions about the €23 billion announced in May: what it covers,...

Six Days to AFSIC 2026: Who Will Be in the Room, and What They Want

In six days, on 13 October, London once again becomes, for forty-eight hours, the place where part of Africa’s financing gets negotiated. The thirteenth edition of AFSIC – Investing in Africa opens at the Park Plaza Westminster Bridge with the fullest programme in its history, just as the money bound for the continent is concentrating...