Cote d'Ivoire: Servair Abidjan Q1 Revenue Holds Steady but Profits Take a Hit

Servair Abidjan (BRVM: ABJC), the airline catering and airport services company at Abidjan's Félix Houphouët-Boigny International Airport, kept revenue roughly flat in… Read more »

Cote d'Ivoire: Nei-Ceda's Losses Narrow As Revenue Surge Signals Season Recovery

NEI-CEDA (BRVM: NEIC), the Abidjan publisher controlled by France's Hachette Livre, still lost money in the first quarter of 2026 -- but the scale of improvement in revenue tells a… Read more »

Africa: Bank of Africa Senegal Q1 Profit Grows As Credit Demand Picks Up

Bank of Africa Senegal (BRVM: BOAS), the Dakar-based lender within the BMCE Group, opened 2026 on a stronger footing, growing net profit by about 10% year-on-year 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 »

Cote d'Ivoire: Sicable Posts Loss in Q1 As Maintenance Halt, Metal Price Surge Bite

Sicable, the Abidjan-based electric cable maker and Ivorian subsidiary of Italy's Prysmian Group, swung to a net loss of 221.7 million FCFA ($397,500) in the first quarter of 2026,… 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 »

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 »

West Africa: Ivorian Lender BICICI Profit Jumps 39 Percent On Higher Revenue

BICICI, the Abidjan-based, BRVM-listed lender now owned by an Ivorian state consortium, posted a 39% jump in net profit for the year ended December 31, 2025 -- the clearest sign… Read more »

Africa: BRVM Main Index Falls Below 400 Points As Stocks Extend Decline

The BRVM stock market extended its decline during the week, with major indices closing lower amid cautious investor sentiment. Read more »

South Africa: SA-Based Ai Diagnostics Raises $5.2m to Expand TB Screening Tech

AI Diagnostics has raised ZAR85 million, or about $5.2 million, to scale its tuberculosis screening platform. The funding will support clinical research, product development and… Read more »

Nigeria: Renew Capital Launches Venture Lab to Back African Fintech Founders

Renew Capital has launched a new programme to support startups building financial products for small businesses. The initiative, called the Renew Venture Lab: EmFi Series, aims to… Read more »

West Africa: Nigeria Inflation Hits Two-Decade High As Fuel Costs Surge

Nigeria's monthly inflation rate rose to a more than two-decade high in March, driven by higher fuel costs linked to global energy tensions. Consumer prices increased 4.2%… Read more »

Cote d'Ivoire: BOA Côte d'Ivoire Sets May 6 Dividend Payment Date

BRVM said Bank of Africa Côte d'Ivoire (BOAC) will pay a dividend of 594.528 FCFA per share for the 2025 financial year, according to a market notice released on April 17. Read more »

Cote d'Ivoire: Genesis Capital Advises On $65m Green Bond for Ivorian Solar Project

Genesis Capital has advised on a CFA42.65 billion, or $65 million, green bond issuance to finance a solar power project in Côte d'Ivoire. The deal reportedly marks the first… 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 »

South Africa: South Africa's Refiant Raises $5m to Build Efficient Ai Models

South African startup Refiant AI has raised $5 million in a seed round to develop tools that reduce the size and energy use of artificial intelligence models. The funding will… Read more »

Africa: Dangote Plans to Sell About 10 Percent of Refinery in IPO Across Africa

Aliko Dangote plans to sell about 10% of Dangote Petroleum Refinery and Petrochemicals in a multi-exchange listing across Africa, targeting 2026. The offer is part of a plan to… 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 »

Egypt: Edafa Acquires Egypt-Based Cyclex in Push Into Circular Economy

Edafa Venture has acquired Egypt-based Cyclex in a six-figure deal, as it expands its focus on sustainability and circular economy investments. Read more »

Egypt: Raedbots Launches As Egypt's First Local Industrial Robotics Maker

Raedbots has launched in Egypt as a local manufacturer of industrial robots, targeting growing demand for automation across factories and warehouses. Read more »

Egypt: Egypt's Reme-D Raises $500k to Scale Cost-Saving Diagnostics Solution

Reme-D has raised $500,000 from Global Innovation Fund to expand its molecular diagnostics platform across Africa and the Middle East. Read more »

Cote d'Ivoire: Socgen Cote d'Ivoire Profit Holds Flat On Higher Credit Costs

Societe Generale Cote d'Ivoire (BRVM: SOGB) held net profit virtually unchanged in 2025, delivering XOF 101.4 billion ($181 million) against XOF 101.2 billion ($180.7 million) the… Read more »

Benin: BOA Benin Profit Jumps As Strong Revenues Mask Rising Bad Loans

Bank of Africa Benin posted a modest rise in net profit for the year ended December 31, 2025, but the headline masks a story of growing credit stress underneath -- bad loan… Read more »

Cote d'Ivoire: Alios Finance Launches $2.7m BRVM Public Offer to Shore Up Capital

Alios Finance Côte d'Ivoire has launched a CFA1.5 billion capital increase, about $2.7 million, through a public offering on the BRVM. The transaction will involve the… Read more »