ECONOMY

Donald Trump expressed his support for a ban on U.S. diesel exports as prices have surpassed $6 per gallon and stock levels remain exceptionally low in the United States.

The ARMP dismissed Groupe S.L. Sécurité Privée's appeal against SONEB and lifted the suspension on lots 2 to 5 of a two-year security framework agreement.

The dollar is trading at around 7,400 to 7,500 Sudanese pounds on the parallel market after exceeding 8,400 last week. In several cities, traders have closed their businesses in response to price volatility, while the cost of basic goods has…

The ARMP declared the appeal from the Association of Insurance Brokers of Benin inadmissible, submitted four business days late, and authorized the resumption of the selection process for the broker responsible for the insurance policies of the Cotonou municipality.

Saudi Arabia has restarted the East-West pipeline to Yanbu. The partial resumption, which bypasses Hormuz, has caused Brent to drop by over $2.

Donald Trump says he is negotiating a significant purchase agreement with Minsk to reduce potash costs for American producers. The initiative follows the easing of sanctions on Belaruskali, in a market where Canada largely dominates U.S. supplies.

The ARMP rejected SOPEF ET FILS' appeal against its exclusion from a computer market at the Autonomous Port of Cotonou, despite an offer that was 63.39 million FCFA excluding taxes lower than the provisional award amount.

Aliko Dangote plans to redirect over $10 billion towards electricity in Africa over the next three to four years, potentially abandoning his steel project.

The National Competition Authority has yet to be established in Benin, more than a year after the decree issued on July 30, 2025, which outlined its organization and missions.

The Gabonese budget proposal for 2027 plans to raise 1,144.1 billion FCFA from international markets. At the same time, debt financial charges are expected to increase by nearly 37%, while budget investment will decline by 110.7 billion FCFA.

In Bédiala and Arrah, producers are echoing SYNAPCI's strike order against the guaranteed cocoa price, maintained at 1,200 FCFA per kilogram. The union is also demanding the resignation of the Director General of the Coffee-Cocoa Council.

The revised finance bill lowers revenue projections, raises energy subsidies to 790.3 billion FCFA, and cuts planned investments by 555 billion.

In response to declining supplies from the Middle East, Europe is turning to South Korea. Energy Aspects forecasts a jet fuel deficit of 510,000 barrels per day in the fourth quarter.

The National Transport Company, formed from the merger of Sogatra and Trans’Urb, will start with 149 vehicles. The reform ends free transport and introduces fares tailored for students, families, and other user categories.

Excluded for the manner in which it completed its submission letter, GROUP SMP SARL is to be reinstated in the evaluation of an IT contract for Weather-Benin. The ARMP ruled the rejection irregular and ordered the resumption of the bid…

A circular from the Ministry of Economy and Finance prioritizes locally manufactured products in public procurement. Replacing a targeted local product with an imported item requires prior authorization from the minister.

Gabon plans to ban imports of broiler chicken starting January 1, 2027. The United States has raised concerns with Libreville at the WTO, prompting the government to seek a legal and diplomatic strategy to avoid a trade dispute.

General Invasion, initially disqualified for listing the tender file number instead of the SIGMAP reference on its guarantee, must be reinstated in the contract for components intended for SoNaMA's connected meters, as decided by the ARMP.

The U.S. and Chinese economic leaders are set to meet in New York ahead of the Trump-Xi summit. AI, rare earths, tariffs, and U.S. purchases are among the issues that could impact the trade truce.

By the end of June 2026, the Beninese state had mobilized 2,329.6 billion FCFA in revenues and financing. Budget expenditures and cash outlays reached 2,125.4 billion in commitments, representing 51.2% of the revised annual forecasts.

The project will be executed in two phases, with Copperbelt Energy Corporation expected to be the buyer of the electricity. Approximately 640 jobs are anticipated during construction and operation.

A $294.49 million private complex is set to be developed in the heart of Nairobi Railway City, featuring a 10,000-seat indoor arena, along with a hotel, apartments, retail spaces, and event venues.

The Benin Chamber of Commerce reviewed and voted on its 2027 budget proposal, set at 6.6 billion FCFA. The investment will absorb 2.1 billion, with expected results on formalization, employment, and businesses across the 77 municipalities.

The Ugandan shilling has lost nearly 6% against the dollar since the beginning of September. To contain the pressure on the currency, the Bank of Uganda is raising the reserve requirement for commercial banks from 11% to 13.5% starting September…

Remittances to Africa reached $124.2 billion in 2025, an 86% increase over ten years. Egypt leads the continent with $41.5 billion, followed by Nigeria at $22.8 billion, according to the new IFAD report.

Nigeria's current account surplus surged by 67.9% in the second quarter of 2026, reaching $7.54 billion. The increase in exports and diaspora transfers strengthened the country's external position.

The South African Special Tribunal has annulled the 85.34 million rand extension of a contract made in 2019 by South African Airways with Flyfofa. The company must detail the amounts received and its costs, then return any unjust profits or…

The Kenyan government plans to allocate 1 billion shillings to the KNTC to purchase locally produced rice before allowing imports. The announcement primarily targets the harvests from Mwea and other rice-growing areas in the country.

A Chinese consortium led by SPIC and Chinalco is proposing to invest over $3 billion in a rail and port corridor between Santou and Cape Verga. The project is designed to evacuate up to 77 million tons of bauxite annually.

Ivory Coast plans to launch its first national gold refining unit in Abidjan by the first half of 2027. At full capacity, it is expected to process around 100 tonnes and is part of the SIMEP initiative, which aims to…