Economy

The sovereign debt profile of Bénin has just reached a new milestone. By raising the long-term debt rating from B1 to Ba3, Moody’s now places Cotonou in the ‘BB/Ba’ category of sovereign signatures, moving one step closer to ‘investment grade’ status. The stable outlook attached to this decision indicates that the agency does not foresee […]

Star Oil Tchad and Zone Auto Join Forces to Elevate Automotive Lubricant Standards in N’Djamena A landmark partnership between Star Oil Tchad and Zone Auto will expand the distribution of authentic TotalEnergies lubricants, accompanied by the launch of a new retail outlet in the heart of N’Djamena. — 4 min read N’Djamena, Tchad — A […]

The **Grand Tortue Ahmeyim (GTA) gas project**, a significant energy venture jointly operated by the American firm **Kosmos Energy** across the maritime border of **Senegal** and **Mauritania**, is once again in the spotlight. The Texas-based company has issued fresh details regarding the ramp-up of this transnational field, which commenced its initial phase of commercial production […]

Japan’s decade-long partnership fuels Cameroon’s development The Japanese government has channelled over $646 million into Cameroon’s economy since the Japan International Cooperation Agency (JICA) established operations in the country in 2006. The announcement came during a high-level meeting in Yaoundé between Cameroon’s Minister of Economy, Planning and Territorial Development, Alamine Ousmane Mey, and JICA Vice […]

The Board of Directors of the Gabonese Pension and Family Benefits Fund for State Employees (CPPF) convened its first ordinary session of 2026 on July 31 in Libreville. Under the leadership of Jean Blaise Nguema Mba, the session focused on critical agenda items, including the approval of financial reports for 2024 and 2025, alongside a […]

President Alassane Ouattara affirmed Côte d’Ivoire’s sustained development trajectory, underscoring its dynamic economy. The nation continues to achieve one of the highest annual growth rates in the region and globally, a testament to its robust economic fundamentals. This declaration was made during his traditional address to the Nation on the evening of August 6th, marking […]

Gabon seeks to boost economy through mining sector growth The Gabonese government is positioning mining as a cornerstone of economic diversification, aiming to counterbalance the gradual decline in oil production. Recent months have seen a surge in investment commitments, alongside intensified exploration and research activities across multiple provinces. Officials now project that mining could contribute […]

Ryanair boosts Morocco connections with 17 new winter routes Ryanair is rolling out its most ambitious winter flight program yet in Morocco, adding 17 new routes that will connect the kingdom to destinations across Europe. Seven of these new connections will depart from Rabat, making the capital the biggest beneficiary of the expansion. In total, […]

The World Bank is channeling a significant 340 billion FCFA package to Senegal, a commitment whose details have been recently unveiled by the Presidency of the Republic. This announcement, made public from Dakar, forms part of an ongoing process to rebalance financial arrangements between the Senegalese state and its traditional development partners. It arrives as […]

During a high-profile official visit to Cotonou last August 5th, the Canadian delegation, led by Anita Anand, underscored a transformative agenda: placing women’s empowerment, digital inclusion, and economic resilience at the heart of bilateral cooperation. This wasn’t symbolic rhetoric—it was backed by substantial financial commitments and strategic decisions shaping the economic future of both nations. […]

Gabon, a Central African nation long reliant on its dwindling oil reserves, is now charting a bold new course toward mining dominance. The government has unveiled a sweeping strategy, backed by hundreds of millions in fresh investments, to transform the country into a global minerals powerhouse within the next five years. Exploration and development activities […]