ECONOMY

Nigeria’s gasoline import bill dropped by 96.15% in the first quarter of 2026, according to data from the National Bureau of Statistics. Long dependent on refined fuels from abroad despite being a major oil producer, the country is seeing its…

The African Development Bank raised €1.25 billion through a seven-year social bond, its first euro issuance of 2026. Driven by strong demand from institutional investors, this operation will finance social projects in African member countries, particularly in infrastructure, health, education,…

The union of agents at the Autonomous Port of Lomé has filed a three-day strike notice, scheduled from June 25 to June 27, 2026, to protest against the non-fulfillment of its social demands. If this action proceeds, it could disrupt…

The Beninese customs administration is embarking on a major strategic turning point. Appointed on Wednesday, June 3, 2026, in a Council of Ministers by President Romuald Wadagni, Colonel Raouf Malèhossou Aboudou officially took up his duties on Monday, June 8,…

Senegal has redeemed two sovereign bonds denominated in euros and dollars ahead of schedule, just days before a technical mission from the IMF is expected in Dakar in mid-June. This financial gesture occurs in a context of debt under scrutiny,…

Appointed head of the customs administration, Raouf Malèhossou delivered his first official reaction regarding the trust placed in him by the head of state. In a post on his Facebook page, Raouf Malèhossou spoke about his appointment as Director General…

Benin confirms its rise in power regarding public finance governance. According to the results of the Open Budget Survey (OBS), reported by several media outlets including Peace FM, the country ranks first in Africa and second globally in terms of…

Niger and Algeria strengthen their cooperation in the oil sector. Three memorandums of understanding were signed in Algiers between Sonatrach and Sonidep, covering exploration, drilling, and distribution of petroleum products, at a time when Niamey seeks to diversify its energy…

The restructuring of the governmental apparatus following the inauguration of the new President of the Republic, along with the consideration of his priority orientations, necessitates a profound adjustment of the state’s budgetary architecture. These substantial adjustments compared to the initial…

At the cabinet meeting on Wednesday, June 3, 2026, President Romuald Wadagni and his government made several appointments. At the end of today’s cabinet meeting, Albert Montcho was appointed as the Director General of the Budget. He thus assumes responsibility…

Benin ranks 24th among African countries in the 2025 Industrialization Index published by the African Development Bank, with a score of 0.5519 out of 1. But beyond this ranking, the country stands out particularly for one of the most significant…

Ivory Coast confirms its rising industrial power on the African continent. According to the 2025 edition of the Industrialization Index in Africa published by the African Development Bank, the country ranks 10th in Africa for the period 2010-2024, with a…

With a nominal GDP expected to exceed 100 billion dollars by 2026, Côte d’Ivoire is confirming its status as the leading economic power in UEMOA. Driven by cocoa processing, the rise of hydrocarbons, port infrastructure, and steady growth, it is…

A significant reform of monetary law was recently adopted by Beninese lawmakers, strengthening penalties against the refusal to accept banknotes and coins issued by the Central Bank of West African States (BCEAO). This vote comes in a context where the…

General Abdourahamane Tiani met with Stephen G. Roman, CEO of Global Atomic, in Niamey to discuss the Dasa uranium project in the Agadez region. Presented as one of the most advanced high-grade deposits in the world, the site’s commissioning has…

The Director-General of the National Agency for Market Management (ANaGeM), Eunice Kiniffo, announced a name change for two major market hubs in the country. According to her, the Mathieu Kérékou commercial hub will bear the name Tokpa Yoyo, while the…

Benin is stepping up the pace. By a ministerial decree signed on March 11, 2026, Romuald Wadagni, the Minister of State in charge of the Economy and Finance, has deeply restructured the mechanism responsible for monitoring the application of the…

From May 1, 2026, China will remove tariffs on African products from 53 partner countries. For Franck Adjagba, Benin’s ambassador to Beijing, this measure is not only commercial; it could become a driver to structurally transform Benin’s economy through industrialization.…

The President of the Republic of Benin, Patrice Talon, received on Wednesday, March 4, 2026, at the Palais de la Marina the activity report of the transitional mandate of the Economic and Social Council. The official ceremony took place in…

The Board of Directors of the African Development Bank (AfDB) approved on February 27, 2026 an equity stake of €6.5 million in the capital of the Saviu II fund from its headquarters in Abidjan. This decision marks a major milestone…

Through a series of decisions at the start of 2026, the Public Markets Regulatory Authority (ARMP) sanctioned several companies and their leaders for producing falsified documents in the context of public tenders. According to information from Lamarinabj, ARMP investigations revealed…

Benin stands out across Africa in the 2025 edition of the Corruption Perceptions Index (CPI), published recently by the international organization Transparency International. Cet indice, référence mondiale pour mesurer la perception de la corruption dans le secteur public, classe 182…

Benin successfully carried out an international fundraising of $850 million on January 22, 2026, marked by the inaugural issue of a $500 million sovereign Sukuk. A historic operation, the first of its kind for an African state, which demonstrates the…

Two major Swiss companies specializing in commodity trading have agreed to collaborate with the administration of U.S. President Donald Trump to facilitate the flow of Venezuelan oil, RFI reported in an article picked up by the international press. This move…

Benin opened 2026 with an auction of 60 billion CFA francs on the regional debt market, on January 7, marking a new step in its financing strategy. According to information reported by Ecofin Agency, the subscription exceeded the proposed amount,…

Benin is actively pursuing its strategy to mobilize internal resources. The Beninese Public Treasury successfully raised 60 billion FCFA on the WAEMU regional financial market, following a public debt issuance operation carried out at the beginning of January 2026. This…

The Nigerian Electricity Regulatory Commission has reported substantial receivables held by Nigeria from three West African countries for electricity supply under cross-border bilateral contracts. According to the report published by the regulatory authority for the third quarter of 2025, Togo,…

The 2025 edition of the Economic Freedom Index by “The Heritage Fondation”, reported by Agence Ecofin, paints an unflattering picture for the African continent. In the majority of countries, barriers to economic freedom remain strong, driven by persistent corruption, burdensome…

At its 149th meeting held on 11 December 2025 in Nairobi, the Board of Directors of Shelter Afrique Development Bank (ShafDB) elected former Beninese Prime Minister Lionel Zinsou as the institution’s president. Specializing in housing finance, urban development and related…

This commissioning responds to the need to improve traffic flow on this major stretch, which regularly faces heavy traffic. The decision aligns with the provisions of Order No. 032 of 29 June 2018, which sets out the rules for collecting…