In an effort to stabilize the Congolese franc, the Central Bank of Congo (BCC) has recently announced the sale of $50 million to the country’s commercial banks. This operation, executed at an exchange rate of 2,776 Congolese francs per US dollar, aims to alleviate pressure on the exchange rate and curb speculative activity surrounding the...

The Development Bank of Central African States (BDEAC) has approved a financing package of 7 billion CFA francs for Molsa Groupe S.A. to finalize the construction of a four-star hotel in Malabo, the capital of Equatorial Guinea. The agreement, signed on August 18, 2025, represents a significant milestone in the country’s drive to expand its...

Ecobank Group has reached a significant milestone with the signing of a share purchase agreement between Nedbank Group Ltd. and Bosquet Investments Ltd., the private investment vehicle of Alain Francis Nkontchou, for the acquisition of a 21.22% equity stake in ETI. The transaction, subject to regulatory approval, represents a strong vote of confidence in the...

In 2024, the volume of bank loans classified as at risk surged to CFAF 205 billion, according to the African Development Bank. This nearly 20% year-on-year increase pushed the ratio of non-performing loans to 10.2% of total outstanding credit—its highest level in several years. Libreville – The latest report from the African Development Bank (AfDB)...

In a time of rapid economic transformation, Africa’s banking sector is emerging as a strategic pillar for development and regional integration. The continent’s top 30 banks, spanning both mature markets and fast-growing economies, are posting strong performances fueled by diversified portfolios, demographic growth, and the rise of intra-African trade. Their influence now extends far beyond...

Visa has announced the appointment of Aminata Kane Ndiaye as Senior Vice President for West and Central Africa. She will oversee a strategic region covering 23 markets, with the regional headquarters based in Abidjan. Proven, Multidimensional Leadership Before joining Visa, Aminata Kane amassed over a decade of experience in digital financial services and telecommunications. She...

Heirs Holdings celebrates 15 years of impact, catalyzing transformation across Africa through strategic investments in critical sectors. The group has a $10.2 billion portfolio spanning 24 countries across four continents. (Heirs Holdings) Founded in 2010 by Tony O. Elumelu, CFR, Heirs Holdings embodies Elumelu’s core philosophy of Africapitalism: combining profit with impact, transforming lives, and...

London, October 14–15, 2025 — Africa’s industrial future will take center stage at AFSIC – Investing in Africa 2025, as the UK’s flagship development initiative, Manufacturing Africa, hosts a high-impact investment session: the Manufacturing Deals Pitch Room. This 90-minute showcase will feature a select group of investment-ready African manufacturing businesses pitching directly to a curated...

In a bold move to stabilize one of Africa’s most strategic industrial assets, Afreximbank has committed $1.35 billion to refinance the debt of the Dangote refinery, part of a $4 billion syndicated package. This landmark deal not only safeguards the future of the world’s largest single-train refinery but also signals a turning point in Africa’s...