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Economic News

Powering Africa's Climate Transition: SEFA and CCG Join Forces

The African Development Bank's Ten-Year Strategy identifies climate change as one of Africa's major challenges, noting that it jeopardises economies and increases fragility. As impacts intensify, every African country and economic sector will face grow...

Published on Feb 03, 2026

Africa Investment Forum 2025 Draws $15.3 Billion Interest for 39 Bankable Projects in Rabat

The Africa Investment Forum (AIF) 2025 generated $15.3 billion in investor interest for 39 bankable projects during the Market Days held in Rabat, confirming the platform’s position as the leading African marketplace for investment-ready opportunities.

According to the President of the African Development Bank Group, Dr. Sidi Ould...

Published on Feb 02, 2026

UEMOA Trade Balance (H1 2025): Côte d’Ivoire Confirms Its Role as a Regional Pillar

In the first half of 2025, the trade balance of UEMOA countries presented a mixed picture, oscillating between surpluses driven by raw materials and persistent deficits due to a strong dependence on imports. Behind the numbers lies a region still dominated by the export of primary products, with very uneven performance across countries and globa...

Published on Jan 31, 2026

Africa at a financial turning point: building stronger markets for meaningful impact

As Africa faces growing development financing needs amid a challenging global economic environment, efforts are underway to reshape the continent’s financial architecture in order to mobilize capital more effectively and deliver tangible socio-economic impact.

On January 31, 2026, the African Development Bank Group (AfDB) published...

Published on Jan 31, 2026

Nigeria Flares 204 Billion Cubic Feet of Gas in 2025 Despite High Utilization Rate

Nigeria flared nearly 204 billion standard cubic feet of natural gas in 2025, representing about 7.54% of its total gas production, despite a gas utilization rate exceeding 92%, according to data from the energy sector. The figures highlight ongoing structural challenges in gas management in Africa’s largest oil producer.

During 20...

Published on Jan 30, 2026

Wave, in Partnership with Visa and Ecobank, Launches a Virtual Card to Accelerate Financial Inclusion in Africa

Dakar, Senegal, January 23, 2026 – Wave, in partnership with Visa and Ecobank Senegal, has officially launched a virtual payment card integrated into the Wave app, designed for users in Senegal. This innovation reflects the shared ambition of the...

Published on Jan 30, 2026

Côte d’Ivoire: Montage Gold Announces First Gold Pour at the Koné Mine Before End of 2026

Canadian mining company Montage Gold has confirmed a major milestone for its Koné gold project in northern Côte d’Ivoire, announcing that the first gold pour is expected by the end of the fourth quarter of 2026. This preliminary step...

Published on Jan 30, 2026

WEGO Group Chooses Côte d’Ivoire for Its First Francophone African Site

On January 27, 2026, Madame Solange Amichia, Director General of CEPICI, held a meeting with a delegation from the pharmaceutical group WEGO, led by its CEO, Mr. Shen Fu, regarding an investment project in the pharmaceutical industry, a priority sector for Côte d’Ivoir...

Published on Jan 30, 2026

Angola: After the DRC and Gabon, the Strategic Sector Targeted by Ivorian Group SCHIBA under João Lourenço

The economic push of West African companies toward the southern part of the continent is becoming increasingly clear. At the Presidential Palace in Luanda, a high-level meeting was held on Tuesday between the Angolan Head of State and an Ivorian indust...

Published on Jan 28, 2026

Ivory Coast: A Heavy Food Import Bill

Each year, Ivory Coast spends over 3.8 billion US dollars on imported food products. This dependence raises questions about the country’s food sovereignty, particularly amid volatile global markets and increasingly frequent climate-related shocks.

According to an infographic published by Sika Finance, the most imported products in...

Published on Jan 28, 2026

Sub-Saharan Africa: Solid Growth but Deep Challenges for Employment and Per Capita Income

The economy of Sub-Saharan Africa is expected to experience increased growth over the next two years, according to the latest projections from the World Bank and other international organizations. However, this favorable trajectory masks persistent structural difficulties, particularly in terms of employment and improving living standards.

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Published on Jan 28, 2026

Côte d’Ivoire Ranked 6th Investment Hub in Africa’s Hydrocarbon Sector in 2025

In 2025, the African oil and gas investment landscape shows a strong concentration around a few major markets. However, a new destination is now emerging as a key player: Côte d’Ivoire, ranked sixth among Africa’s leading upstream inv...

Published on Jan 27, 2026