The Appeal of Conscience Foundation announced today that His Eminence Timothy Cardinal Dolan, the Archbishop of New York, and Tony Elumelu Chairman of Heirs Holdings, The United Bank for Africa, and Founder of the Tony Elumelu Foundation, will be honored with the Appeal of Conscience Award at the foundation’s Annual Gala, taking place on September...

Africa’s future depends on bold financial institutions. With solid ratings, robust assets, and global recognition, Afreximbank is positioning itself as the bridge between emerging potential and world-class credibility. In a global financial landscape defined by uncertainty and growing economic polarization, the African Export-Import Bank (Afreximbank) has emerged as a pivotal institution for trade finance and...

In August 2025, Alain and Cyrille Nkontchou took a bold step forward in their mission to reshape Africa’s banking landscape. Through their pan-African investment fund Enko Capital and the private vehicle Bosquet Investments Ltd, they executed two major deals that are redefining the continent’s financial power dynamics. On August 15, Bosquet Investments Ltd — owned...

As Africa undergoes rapid economic transformation, Verdant Capital emerges as a key player in inclusive finance. With a footprint spanning over 25 African countries, the firm is leveraging microfinance and SME lending to unlock sustainable growth, while navigating macroeconomic volatility through risk-mitigation strategies and regional diversification. Africa’s investment landscape is shifting. Fueled by demographic growth,...

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...