The Democratic Republic of Congo has made a remarkable entry into international financial markets. The country raised $1.25 billion in its first Eurobond issuance, with investor demand nearly four times greater than the amount sought.
This transaction, carried out under conditions deemed competitive, reflects market confidence in the country's economic potential. Still low debt, at around 20% of GDP, the importance of strategic mineral resources such as cobalt and copper, as well as a favorable environment surrounding critical minerals, have fueled this enthusiasm.
The funds raised are intended to finance several infrastructure projects, including a new terminal at Kinshasa airport, roads, a ring road, and a hydroelectric power plant. The goal is to accelerate the country's modernization and support growth.
This success sends a strong signal to the DRC, although questions remain about the transparency in the use of funds and the long-term sustainability of this new debt.
African banks: record profits despite disparities
The African banking sector has reached a historic milestone, with $107 billion in revenue recorded last year, according to McKinsey. This first places African banks among the most profitable in the world, with a return on equity of 19%, well above the global average.
This growth is driven by high interest margins, the rise of digital services and the development of African players, in a context of gradual withdrawal of several international banks.
But this growth remains concentrated: five countries—South Africa, Nigeria, Egypt, Kenya, and Morocco—generate nearly 70% of the sector's revenue. And despite its performance, the African banking system remains exposed to economic risks, including inflation, public debt, and commodity price volatility.
Senegal: Agribusiness as an engine of growth
The 15th International Exhibition of Agri-Food Industries and Technologies (SIAGRO), in Dakar, emphasized the strategic role of agriculture and agribusiness in the economic development of Africa.
In the face of global crises, participants emphasized the urgent need to strengthen food sovereignty. The event also provided entrepreneurs with a platform to forge partnerships, find new markets, and foster innovation.
For the organizers, SIAGRO goes beyond trade by promoting connections between public and private actors, particularly in the WAEMU area.
This 15th edition brought together 300 foreign delegates and 110 exhibitors from 11 countries.
