06/04/2026 - Index/Markets

TAAG Angola Airlines: State Injects $186 Million

06/04/2026 - Index/Markets

06/04/2026 - Companies

06/04/2026 - Index/Markets Raw materials

06/04/2026 - Raw materials

06/04/2026 - Raw materials

06/04/2026 - Economy/Forex

Kenyan Banks: Profits Soar§§§--=--§§§<p class="MsoNormal">The Kenyan banking sector confirms its solidity. In 2025, the country's banks recorded historic profits despite a context marked by falling interest rates, illustrating a gradual transformation of their economic model and strong resilience.</p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">According to data compiled by Abojani Investment Limited, the cumulative net after-tax profit of 11 listed banks jumped by 15.7%, reaching 280.4 billion Kenyan shillings (2.16 billion dollars), compared to 242.3 billion (1.86 billion dollars) in 2024.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">This performance marks a clear recovery after the levels observed in previous years, notably 83 billion shillings in 2020 and 143 billion in 2021. The institutions concerned include Equity Group Holdings, KCB Group, Co-operative Bank of Kenya, NCBA Group, Absa Bank Kenya, and Standard Chartered Kenya.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">According to analysts, this dynamic is largely explained by a more stable macroeconomic context. Inflation has returned to the Central Bank of Kenya's targets, while interest rates have fallen, the currency has stabilized, and economic activity has strengthened.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">"These factors have collectively supported strong banking results," emphasized Purity Chege, referring to an overall improvement in the operational environment.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">Beyond the economic situation, the transformation of the revenue model also explains these performances. Banks are less and less dependent on interest income, with growth now coming more from non-credit sources.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">Faced with moderate loan expansion, institutions have strengthened their operational efficiency and diversified their activities, particularly by favoring low-risk investments and ancillary revenues.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><b><span lang="en-US">Solid Prospects Despite Uncertainties<o:p></o:p></span></b></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p class="MsoNormal"><span lang="en-US">With more than seven banks having equity capital exceeding 100 billion shillings, the sector appears well-capitalized and capable of absorbing potential shocks. Nine of the eleven banks have seen their profits increase, with their revenues exceeding their expenses.<o:p></o:p></span></p><p class="MsoNormal"><span lang="en-US">&nbsp;</span></p><p> </p><p class="MsoNormal"><span lang="en-US">Despite international uncertainties, particularly those related to tensions in the Middle East, Kenyan banks thus appear well-positioned to maintain their momentum, supported by comfortable liquidity and solid fundamentals.<o:p></o:p></span></p>

03/04/2026 - Sectors

Strengthening Digital Infrastructure in Nigeria: 1000 New Telecom Towers

03/04/2026 - Sectors

Monetary Policy: Central Bank Eases Key Interest Rate

03/04/2026 - Sectors

Private Sector: AfDB and APIM Strengthen Partnership to Mobilize More Funding

03/04/2026 - Sectors

Housing Finance in Abidjan: Shelter Afrique to set up in Côte d'Ivoire

03/04/2026 - Sectors

Agriculture: $98 million for an agricultural mechanization program in Central African Republic

03/04/2026 - Sectors

Nigerian Agricultural Sector: World Bank Approves $500 Million Credit

03/04/2026 - Sectors

Return on Investment: BOA Côte d'Ivoire Announces $47.5 Million in Dividends

03/04/2026 - Sectors

BCEAO: Official List of Approved Credit Institutions in the Union Known

03/04/2026 - Sectors

Debt: Mozambique Repays USD 701.4 Million to the IMF

03/04/2026 - Index/Markets

Public Treasury: Benin collects 22 billion FCFA

03/04/2026 - Index/Markets

Regional Stock Exchange: Coris Bank International Achieves Best Stock Market Performance§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt; line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Coris Bank International Burkina Faso achieved the best performance on the stock market with a 7.47% increase in its share price at the close of trading on Thursday, April 2, 2026, at the Regional Stock Exchange (BRVM). &nbsp; <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The share price of this security thus rose from 13,850 FCFA the day before to 14,885 FCFA on April 2, 2026, an increase of 1,035 FCFA. Compared to Wednesday, March 31, 2026, when it was trading at 13,800 FCFA, this increase stands at 1,085 FCFA.<br> <br> The Board of Directors of Coris Bank International (CBI) has convened shareholders for an Ordinary General Meeting (OGM) on April 16, 2026, to, among other agenda items, examine and approve the accounts for the financial year ended December 31, 2025. The Board preferred to reserve the announcement of the year's results for the shareholders. In the third quarter of 2025, CBI achieved a net profit of 52.9 billion FCFA, an increase of 6.30% compared to the third quarter of 2024, thanks in particular to good operational performance and controlled cost of risk. The bank's other indicators also showed positive growth, such as net banking income, which stood at 101.3 billion FCFA, up 9.7% compared to September 30, 2024.<br> <br> The bank's management believed that this momentum would continue into the last quarter of 2025, with the implementation of actions identified during the annual strategic retreat, held from October 3 to 4, 2025, in Ouagadougou on the theme: "In a rapidly changing environment, what innovative strategies to consolidate performance, strengthen resilience, and affirm CBI SA's leadership?" On another note, following the bank's rating reassessment process, Bloomfield Investment Corporation confirmed the AA rating with a stable long-term outlook in local currency and A1 with a stable short-term outlook in local currency. This decision thus confirms the bank's solidity, the quality of its governance, and its leading position within the national and regional banking landscape.<br> <br> All these aspects are likely to reassure investors who are positively sanctioning CBI by acquiring its shares in anticipation of future dividends for the 2025 financial year. As a reminder, this bank paid a net dividend per share of 555 FCFA on July 7, 2025, for the 2024 financial year.<br> <br> The Top 5 highest share price increases are occupied respectively by Coris Bank International Burkina Faso (up 7.47% to 14,885 FCFA), SETAO Côte d’Ivoire (up 7.35% to 3,140 FCFA), Sicable Côte d’Ivoire (up 6.29% to 3,885 FCFA), Sucrivoire Côte d’Ivoire (up 4.62% to 1,810 FCFA), and TotalEnergies Marketing Sénégal (up 3.08% to 3,350 FCFA).<br> <br> The Flop 5 largest share price decreases are occupied by Eviosys Packaging SIEM Côte d’Ivoire (down 3.80% to 1,900 FCFA), AGL Côte d’Ivoire (down 3.64% to 1,855 FCFA), Tractafric Motors Côte d’Ivoire (down 2.36% to 4,765 FCFA), Loterie Nationale du Bénin (down 1.79% to 3,850 FCFA), and BOA Mali (down 1.71% to 4,600 FCFA).<br> <br> The total value of transactions fell to 998.182 million FCFA compared to 1.157 billion FCFA on April 1, 2026.<br> As for stock market capitalization, it increased from 15,757.410 billion FCFA the day before to 15,793.082 billion FCFA on Thursday, April 2, 2026, an increase of 35.672 billion.<br> <br> That of the bond market recorded a decrease of 2.195 billion FCFA, settling at 11,956.863 billion FCFA compared to 11,959.058 billion FCFA the day before.<br> <br> The indices showed disparate movements. The BRVM composite index rose by 0.23% to 409.62 points compared to 408.69 points the day before. As for the BRVM 30 index, it also increased by 0.21% to 191.90 points compared to 191.49 points the day before. The BRVM Prestige index, for its part, fell by 0.03% to 159.56 points compared to 159.61 points previously. As for the BRVM Principal index, it rose by 0.64% to 286.65 points compared to 284.82 points the day before.&nbsp;<br> <br> The BRVM Composite Total Return index (Overall Market Return Index) recorded a positive change of 0.22% to 157.73 points compared to 157.38 points the day before.</span></p>

03/04/2026 - Raw materials

Gold: Price per tola increases by 3,400 rupees in Pakistan§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">At the end of the week</span><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">, gold prices</span><span style="font-size:14.0pt;line-height:107%; font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;increased</span> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">in Pakistan, following the upward trend in the international market.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">In the local market, the price of gold per tola reached 490,362 rupees, an increase of 3,400 rupees during the day.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">Similarly, 10 grams of gold sold for 420,406 rupees after an increase of 2,915 rupees, according to rates released by the All-Pakistan Jewelers and Gemstones Association (APGJSA).<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">On Thursday</span><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;, the price of gold per tola reached 486,962 rupees after a decrease of 7,100 rupees during the day.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The international gold price increased by 34 dollars to reach 4,676 dollars per ounce (with a 20-dollar premium).<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Meanwhile, the price of silver increased by 160 rupees to reach 7,794 rupees per tola.</span></p>

03/04/2026 - Economy/Forex

Currency: yuan strengthens as dollar stabilizes§§§--=--§§§<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">This Friday, the </span><span style="font-size:14.0pt; line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">Chinese yuan</span><span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif">&nbsp;strengthened against the dollar, as the American currency stabilized and attention turned to the release of US employment data later in the day.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">&nbsp;</span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The dollar stabilized on Friday after gaining on Thursday, as Trump's threat to bomb Iran "back to the Stone Age" heightened risks in a war now in its fifth week, dashing hopes for a swift resolution to a conflict that is squeezing oil supplies and fueling inflation.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The dollar index, which measures the greenback against a basket of six currencies, was up 0.058% at 100.04.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The dollar had jumped the previous day on safe-haven demand, when US President Donald Trump indicated that the Iranian conflict would drag on.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The yuan is expected to remain resilient in the second quarter, supported by China's high energy self-sufficiency rate, its significant strategic reserves, and growing demand for renewable energy, MUFG analysts said.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family: &quot;Bookman Old Style&quot;,serif">The spot yuan opened at 6.8930 per dollar on Friday and was last trading 37 pips stronger than the previous session's close.<o:p></o:p></span></p><p> <span style="font-size:14.0pt;line-height:107%;font-family:&quot;Bookman Old Style&quot;,serif; mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-bidi-font-family: &quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;mso-ansi-language:FR; mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The offshore yuan traded at 6.8846 yuan per dollar, up about 0.1% in Asian markets.</span></p>