Niger: BOA Niger Confirms Recovery Path With Q1 Profit Up 29 Percent

Bank of Africa Niger's first-quarter 2026 activity report confirms the recovery narrative that management outlined after a difficult 2025, with net profit rising 29% year-on-year… Read more »

Cote d'Ivoire: Nestlé Côte d'Ivoire Posts Strongest Q1 in Years On Volume Growth

Nestlé Côte d'Ivoire, the Yopougon-based food manufacturer and subsidiary of the Swiss group, posted its best first-quarter result in recent years, with net profit… Read more »

Burkina Faso: BOA Burkina Faso Revenue Falls As Country Risk Weighs On Lending

Bank of Africa Burkina Faso, the Ouagadougou-based lender and BMCE Group subsidiary, opened 2026 with net profit of 4.52 billion FCFA ($8.1 million) in the first quarter, down 13%… Read more »

South Africa: Shiprazor Raises $2.65m Seed to Cut E-Commerce Delivery Costs

Shiprazor, a Cape Town-based e-commerce logistics platform, raised $2.65 million in seed funding to help online merchants cut delivery costs, improve checkout conversion and manage… Read more »

Cote d'Ivoire: Société Générale Côte d'Ivoire Profit Falls As Investment Costs Rise

Société Générale Côte d'Ivoire, the Abidjan-based subsidiary of the French banking group, reported net profit of 24 billion FCFA ($42.9 million)… Read more »

South Africa: South Africa's Secha Capital Reaches Second Close of $40m Impact Fund

Secha Capital has reached a second close for its growth-focused fund, Secha Capital Impact Fund II, targeting a final size of $40 million. Read more »

Burkina Faso: Coris Bank Profit Up 22 Percent in Standout First-Quarter Results

Coris Bank International, the Ouagadougou-based lender listed on the BRVM, delivered a first-quarter result that stands out across the regional banking sector, with net profit… Read more »

Africa: Google Selects 15 African Ai Startups for Accelerator Programme

Google has selected 15 African startups for its latest AI-focused accelerator, targeting early-stage companies building solutions across key sectors including fintech, agriculture… Read more »

Cote d'Ivoire: SMB Sees Sharp Profit Drop On Maintenance Halt, Oil Price Surge

SMB, the Abidjan bitumen refiner, saw profit fall 45% in the first quarter of 2026 to 1.49 billion FCFA ($2.7 million) from 2.71 billion FCFA ($4.9 million) a year earlier -- a… Read more »

Cote d'Ivoire: Bernabé Swings to Loss As New Division Weighs On Earnings

Bernabé Côte d'Ivoire, the Abidjan-based industrial supplies and building materials distributor, swung to a net loss of 65.6 million FCFA ($117,200) in the first… Read more »

Nigeria: French Retailer Carrefour Enters Nigeria, Guinea in Franchise Deals

Carrefour said it will enter Nigeria and Guinea through franchise agreements with local partners, expanding its footprint in West Africa. The move is part of its Carrefour 2030… Read more »

West Africa: Genesis Capital Sells a WAEMU-First $76m Private Energy Green Bond

Genesis Capital has pulled off a first for West African capital markets, advising on a CFAF 42.65 billion ($76.5 million) green bond for Ivory Coast solar developer Poro Power 1… Read more »

North Africa: Egypt's Talaat Moustafa Group Plans $27b City East of Cairo

Talaat Moustafa Group plans to build a new mixed-use city valued at EGP1.4 trillion, or about $27 billion, on the outskirts of Cairo. The project, called "The Spine," will be… Read more »

Senegal: Sonatel First-Quarter Revenue Grows 7 Percent On Data, Mobile Money Demand

Groupe Sonatel, the Orange-branded telecom operator spanning Senegal, Mali, Guinea, and Sierra Leone, opened 2026 with revenue growth of 6.9% to XOF 504.2 billion ($904 million at… Read more »

Kenya: Sama to Cut Over 1,100 Jobs in Nairobi After Meta Contract Ends

Sama will lay off more than 1100 employees in Nairobi after Meta Platforms ended a key content and data annotation contract. The company said it issued redundancy notices to 1108… Read more »

Egypt: Egypt's Invia Raises $1.2m to Scale SME Finance Management Platform

INVIA has raised $1.2 million from angel investors and strategic backers to expand its AI-powered financial platform for small and medium-sized businesses. Founded in 2023 by Yehia… Read more »

Ghana: MTN Completes Ghana Mobile Money Spinoff to Scale Fintech Unit

MTN Group has completed the separation of its mobile money business in Ghana, as it moves to position fintech as a standalone growth unit. The company said its Ghana subsidiary,… Read more »

Kenya: Safaricom Moves M-Pesa Users to Unified App in Consolidation Push

Safaricom has begun migrating users from its standalone M-PESA app to a new platform, My OneApp, as it consolidates services and strengthens its position in Kenya's digital finance… Read more »

Nigeria: Paga Founder Moves to Group CEO As Fintech Targets Expansion

Tayo Oviosu is stepping back from day-to-day operations at Paga after 17 years, moving into a Group CEO role as the company restructures its leadership. Read more »

Burkina Faso: Bank of Africa Burkina Faso Confirms to Pay Dividends On April 23

Bank of Africa Burkina Faso (BRVM: BOABF), a unit of Morocco's BMCE Group, will pay a net dividend of 397 XOF ($0.70) per share on April 23, 2026, for the 2025 financial year, the… Read more »

Cote d'Ivoire: Boa Côte d'Ivoire Plans to Distribute $47.5m in Dividends for 2025

Bank of Africa Côte d'Ivoire (BRVM: BOAC), a unit of Morocco's BMCE Group, posted a net profit of 35.54 billion XOF ($62.4 million) for the year ended December 31, 2025,… Read more »

Cote d'Ivoire: TotalEnergies Ci Net Profit Falls 3 Percent to 9.09b Xof in 2025

TotalEnergies Marketing Côte d'Ivoire (TTLC), the BRVM-listed fuel retailer and unit of TotalEnergies, posted a net profit of 9.09 billion XOF ($15.9 million) for the year… Read more »

South Africa: Coca-Cola Plans to Invest $1b in South Africa Expansion Through 2030

Coca-Cola Co. will invest 17.6 billion rand in South Africa through 2030 to expand production and distribution. The company said the funding will support capacity growth and… Read more »

Mali: Bank of Africa Mali Profit Rises 21 Percent On Reduced Bad Loans

Bank of Africa Mali (BRVM: BOAM) Sposted a 21% rise in net profit for the year ended December 31, 2025, a result that cuts against the grain for a bank operating in one of the… Read more »

Cote d'Ivoire: Palmci Revenue Rises but Profit Slips As Input Costs Bite

PALMCI, the Abidjan-based palm oil producer listed on the BRVM, grew revenue by nearly 15% in fiscal 2025 to XOF 197.6bn ($347.1M), driven by stronger sales of manufactured… Read more »