The African Tribune

The Nigerien subsidiary of pan-African banking group Bank of Africa (BOA) is defying conventional stock market logic. Listed on the Regional Securities Exchange (BRVM) in Abidjan, BOA Niger has seen its share price climb 40% in recent weeks, even after issuing a profit warning and reporting a sharp drop in net earnings. This stark contrast between deteriorating financial indicators and rising market enthusiasm raises questions about what is driving the price action. Profit warning fails to deter buyers Ordinarily, a profit warning from a subsidiary of Moroccan group BMCE Bank of Africa would be expected to weigh heavily on the stock. On the West African exchange, such announcements typically trigger a rapid sell-off as investors anticipate lower future dividends. BOA Niger, however, is buc...

Colonel Michaël Randrianirina arrived in Libreville last Friday to hold talks with President Oligui Nguema.The meeting took place within the framework of deepening friendship and cooperation between Gabon and Madagascar. The President of the Refoundation of the Republic of Madagascar carried out a 48-hour working and friendship visit to Libreville. During the visit, the Malagasy leader was received in audience at the Palais Rénovation by President Brice Clotaire Oligui Nguema. Discussions centered on strengthening bilateral cooperation as well as the refoundation process under way in Madagascar.On this occasion, the Malagasy delegation attended a presentation by Professor Guy Rossatanga-Rignault dedicated to the key stages of Gabon’s transition and the principles that guided the return to ...

Cameroon eyes strategic partnership with South Korean industrialistSouth Korean industrialist Dr. Hae-Jung Jung plans major investments in Cameroon, focusing on cocoa and industry, following a meeting with Trade Minister Luc Magloire Mbarga Atangana.In a forward-looking move to broaden market access for Cameroonian cocoa through short supply chains, the country's Minister of Trade, Luc Magloire Mbarga Atangana, dispatched multiple letters in November 2024 to key figures in the global chocolate industry, one of whom was Dr. Hae-Jung Jung from South Korea.Dr. Jung recently accepted the minister's invitation and made a working visit to Cameroon, culminating in a meeting on June 5, 2026, at the minister's office.Responding to the minister's call to elevate the value of Cameroonian cocoa beans ...

France's new ambassador in Rabat champions a 'franco-moroccan method' A day after presenting his credentials, Philippe Lalliot chose the Paris Peace Forum spring meeting at UM6P for his first public address. Before a diplomatic audience, he linked defense of international law, water cooperation, and preparation for upcoming bilateral milestones tied to a nearly 350-million-euro program. Confronted by the entrenchment of crises and shockwaves that spare no nation today, Philippe Lalliot clarified the relevance of multilateral rules. "International law is not dead. Its founding principles are just. It must be defended on principle, because it is precisely the shield of those who have none," he stated, stressing its nature as a common good. For the diplomat, international law remains...

Pastef stands more united than ever behind a single man: Ousmane Sonko. He was overwhelmingly re-elected as party leader during Saturday's congress. Removed from the prime minister's post two weeks ago by President Bassirou Diomaye Faye, the former head of government — now president of the National Assembly — used the occasion to further cement his role as an opposition figure to the head of state. With a majority in the assembly, Pastef “will ensure that the people's interests are safeguarded,” he declared. How do you see the evolution of relations between Sonko and Diomaye Faye in the months ahead? We want your reactions. By Harouna Ousmane — Reporter