The governments of Guinea-Bissau, Burkina Faso, Benin and Senegal raised a combined CFA 174.5 billion ($299 million) on the West African regional government securities market between Aug. 10 and Aug. 14, 2026.
The four auctions attracted bids worth CFA 332.65 billion, more than twice the initial funding requirement of CFA 160 billion, re...
Published on Aug 18, 2026
Olam Agri has completed the acquisition of Asia Africa Rubber Industry S.A. (ASAF), a move that will add 176,000 metric tonnes to the company’s annual natural rubber processing capacity in Côte d’Ivoire.
The acquisition, completed through Olam Agri subsidiary Panasia International FZCO, is expected to nearly double Olam...
Published on Aug 18, 2026
US-based energy company Genser Energy has secured €456 million, equivalent to about CFA 299 billion, to accelerate the development of its energy infrastructure across West Africa.
The financing, secured from RMB, Absa and Standard Bank, will support the company’s regional expansion and the completion of several ongoing energy...
Published on Aug 18, 2026
China is stepping up efforts to expand the use of the yuan in Africa as trade and financial ties deepen, giving African companies and governments more options to settle transactions directly in the Chinese currency rather than relying on the U.S. dollar. China-Africa trade reached a record $348 billion in 2025, up nearly 18% from the previous ye...
Published on Aug 18, 2026
The Economic Community of West African States (ECOWAS) is stepping up efforts to establish a regional carbon market platform as the region faces an estimated $294 billion in climate financing needs.
Representatives from member states, regional and international institutions, development partners and technical experts met in Abuja for a t...
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Côte d’Ivoire has maintained its position as the world’s leading producer and exporter of raw cashew nuts, underscoring the growing importance of the crop to the country’s economy.
Ivory Coast’s cashew production exceeded 1.5 million metric tons in 2025, accounting for more than 25% of global output, accordi...
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Côte d’Ivoire has opened a new regional information centre of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), strengthening the region’s capacity to combat money laundering, terrorist financing and other forms of financial crime.
Economy, Finance and Budget Minister Adama Coulibaly p...
Published on Aug 13, 2026
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, is investing $25 million in equity in Jumia Technologies AG to support the expansion of digital commerce infrastructure across Africa.
The investment, announced on Aug. 12, is part of a broader $50 million equity financing round for Jumia. The fu...
Published on Aug 13, 2026
Côte d’Ivoire has approved three public-private partnership agreements that will add around 735 megawatts of electricity generation capacity to the national grid, as the country seeks to keep pace with rising power demand and support economic growth.
The agreements were approved by the Council of Ministers on Aug. 5, 2026, an...
Published on Aug 11, 2026
The African Continental Free Trade Area (AfCFTA) Secretariat has signed a 20-year, $3.1 billion concession agreement to modernize customs systems across Africa, in a move aimed at reducing border delays, improving trade facilitation and accelerating intra-African commerce.
The agreement, signed with Nigerian company Bergmans Security Con...
Published on Aug 11, 2026
Canada has announced approximately C$17 million in funding for seven projects in Benin and across West Africa, targeting women’s economic empowerment, education, energy, border security and regional police cooperation.
The announcements were made by Canadian Foreign Affairs Minister Anita Anand during her visit to Benin and Cô...
Published on Aug 11, 2026
FinDev Canada, Canada’s bilateral development finance institution, has committed a €40 million ($46.5 million) loan to NSIA Banque Côte d’Ivoire to expand financing for small and medium-sized enterprises, support women-led businesses and fund climate-related projects.
The investment, equivalent to about 26.2 billio...
Published on Aug 11, 2026
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