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Economic News

Gozem Sets Its Sights on Abidjan

Gozem is taking a strategic turn. The Francophone leader in mobility and on-demand delivery plans to launch its operations in Côte d’Ivoire by the end of 2026, according to reports published Wednesday by Jeune Afrique.

Published on Jan 14, 2026

Africa and Arab Development Institutions Strengthen Strategic Partnership

Abidjan, 13 January 2026 – The African Development Bank Group (AfDB) and the institutions of the Arab Coordination Group...

Published on Jan 14, 2026

Ranking of the Least Risky African Countries for Investors in 2025 (Henley & Partners)

Most African countries rank low in the table due to poor performance across several indicators, including political stability, governance, external accounts, and climate change resilience.

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Published on Jan 14, 2026

Forbes 2026 Ranking | Africa’s Billionaires

Beaten last year by South African billionaire Johann Rupert, Nigerian business magnate Aliko Dangote has reclaimed the top spot among Africa’s wealthiest individuals. His compatriot Abdul Samad Rabiu has also entered the continent’s Top 5....

Published on Jan 14, 2026

Lagos–Abidjan Coastal Ferry: A Project with Regional Logistics Ambitions

According to recent statements attributed by the local press to Ghanaian Minister of Transport Joseph Bukari Nikpe, a maritime consulting firm has been appointed to accelerate the development of a coastal ferry service along the Lagos–Abidjan mar...

Published on Jan 13, 2026

Innovation and Financial Inclusion in Côte d’Ivoire: CDC-CI Takes a Stake in a Fintech

The Caisse des Dépôts et Consignations of Côte d’Ivoire (CDC-CI) has acquired an equity stake in Green-Pay, alongside Orange Côte d’Ivoire Participations, with the aim of strengthening innovation and financial inclu...

Published on Jan 13, 2026

Côte d’Ivoire Cocoa Sector Faces Serious Crisis Amid Multinational Pressure

The cocoa sector in Côte d’Ivoire is currently facing a severe situation that once again exposes the deep imbalance of power between the Coffee-Cocoa Council (CCC), local producers, and Western multinational corporations controlling cocoa e...

Published on Jan 12, 2026

UBA Group Raises Capital to CFAF 195 Billion in Line with Central Bank of Nigeria Requirements

United Bank for Africa (UBA) has successfully completed a major new phase of its recapitalization process. The Nigerian banking group raised ₦178.3 billion (approximately CFAF 69.5 billion) through a rights issue that closed on 19 September 2025. Published on Jan 12, 2026

WAEMU: Banking Liquidity Contracts to CFAF 4,350 Billion in Q3 2025

In the WAEMU region, banking liquidity is showing signs of measured improvement. In the third quarter of 2025, banks in the zone slightly rebuilt their own cash positions, while their reliance on refinancing from the Central Bank of West African States...

Published on Jan 12, 2026

AfDB Group and OPEC Fund Strengthen Partnership with $2 Billion Co-Financing Commitment

The African Development Bank Group and the The OPEC Fund for International Development signed today in Abidjan an amended Memorandum of Understanding, reinforcing their long-standing partnership and reflecti...

Published on Jan 12, 2026

Côte d’Ivoire: Customs Exceed CFA 3,372 Billion Revenue Target Despite Electoral Tensions

Côte d’Ivoire’s customs administration closed the 2025 fiscal year on a particularly strong note, exceeding its revenue target of CFA 3,372 billion (approximately $6.02 billion USD). The performance was announced on December 30, 2025,...

Published on Jan 11, 2026

Ranking of Africa’s Most Developed Financial Markets in 2025 (Absa Group)

South Africa and Mauritius top the ranking of Africa’s most developed financial markets in 2025, according to a report published on Thursday, October 16, 2025, by South African financial services group Absa Group and the Official Monetary and Fin...

Published on Jan 11, 2026