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Economic News

Starlink in Côte d’Ivoire from July 2026: What It Really Means for Ivorians

American satellite internet provider Starlink is expected to begin operations in Côte d’Ivoire in July 2026 following official confirmation from the Ivorian authorities. This development marks a key step in the country’s ongoing digit...

Published on Jun 11, 2026

Côte d’Ivoire: Outstanding 2025 Performance Propels BNI to Become the Country’s Second-Largest Bank

In just one year, the National Investment Bank (BNI) has significantly improved its standing within Côte d’Ivoire’s banking sector. As of December 2025, the institution surpassed the FCFA 3 trillion mark in total assets—a key in...

Published on Jun 11, 2026

SME competitiveness, digital transformation, sustainable agriculture: Côte d’Ivoire secures over FCFA 16 billion from the EU

Côte d’Ivoire is strengthening its position within international cooperation and development financing networks. The country has secured investments exceeding €25 million, or approximately FCFA 16.39 billion, from the European Union (E...

Published on Jun 11, 2026

Tony Elumelu Named Chairman-Designate of Seplat Energy in Planned Leadership Transition

Seplat Energy has announced a planned leadership transition that will see Nigerian business leader Tony Elumelu take over as chairman of its board in a move aimed at supporting the company’s next phase of growth.

According to a statement released by the company and published through the Nigerian Exchange and financial news platform...

Published on Jun 11, 2026

UEMOA Inflation Eases in Early 2026 Driven by Strong Agricultural Output

Inflation across the West African Economic and Monetary Union (UEMOA) has eased in the first quarter of the year, supported by improved agricultural output, even as global energy prices continue to exert pressure on the region’s economies, according to central bank data and regional economic assessments.

The downward trend in infla...

Published on Jun 11, 2026

Côte d’Ivoire Expands Participation in INTERREG MAC with €25M+ in Strategic Projects

Côte d’Ivoire’s participation in the INTERREG MAC Programme has reached a new milestone, with the country now involved in ten major projects representing more than €25 million in investments. This was highlighted during a meeting between Ivorian authorities and officials of this ambitious cooperation programme between Euro...

Published on Jun 11, 2026

SETAO Côte d’Ivoire shows signs of recovery as major infrastructure projects boost activity.

Ivorian construction company SETAO Côte d’Ivoire is showing signs of recovery after years of financial difficulties, reporting a sharp increase in revenue and a significantly reduced net loss as major infrastructure projects begin to drive business activity.

The company nearly doubled its revenue in 2025 to 3.9 billion CFA fr...

Published on Jun 09, 2026

Côte d’Ivoire secures €103.14 million funding for PROSER II electricity expansion programme

The African Development Bank (AfDB) Group has approved a financing package of €103.14 million (approximately 67.65 billion CFA francs) for the second phase of the Electricity Access Expansion Support Programme (PROSER II) in Côte d’Ivoire.

The programme aims to expand electricity access across the country, with a target...

Published on Jun 08, 2026

Morocco emerges as Africa’s leading industrial power as West Africa rises

Morocco has emerged as Africa’s leading industrial power for the first time, surpassing South Africa, according to recent industrial performance assessments associated with the African Development Bank Group’s industrialization outlook.

The shift reflects Morocco’s sustained strategy of industrial upgrading over the pas...

Published on Jun 08, 2026

Ghana Launches $3.5 Billion AgriConnect Compact to Transform Agriculture

ACCRA — The Government of Ghana has launched the AgriConnect Compact, a major agricultural transformation programme valued at $3.5 billion (approximately 2,100 billion CFA francs), aimed at modernizing the country’s agricultural sector between 2026 and 2030.

The initiative is supported by the World Bank Group and several inte...

Published on Jun 08, 2026

Cameroon launches operational phase of Kribi Hydrocarbons Terminal project

The Société camerounaise des dépôts pétroliers (SCDP) and the Port Authority of Kribi (PAK) have officially launched the operational phase of the future Kribi Hydrocarbons Terminal (THK), a major strategic energy infrastructure project in Central Africa.

The project, approved at the highest level of the...

Published on Jun 08, 2026

Republic of the Congo Allocates 255.89 Billion CFA Francs to Debt Service in March 2026

The Republic of the Congo allocated approximately 255.89 billion CFA francs to servicing its public debt in March 2026, according to data published by the national Debt Management Office (Caisse congolaise d’amortissement).

The figure highlights the continued heavy burden of debt repayment on public finances, with the majority of p...

Published on Jun 08, 2026