Panafrica News

The Minister of Finance, Cheikh Diba, disclosed in a parliamentary address that the Plan de Redressement Économique et Social (PRES) has mobilized 63.4 billion West African CFA francs this year. These figures were revealed amid ongoing tense negotiations with the International Monetary Fund (FMI), prompting Waly Diouf Bodian, a senior advisor to Prime Minister Ousmane Sonko, to defend the government’s economic recovery strategy. Progress lags behind 2026 revenue targets The PRES, unveiled by Prime Minister Sonko on August 1, 2024, outlines a broader financial mobilization of 5,667 billion West African…

The Chad cotton industry is set for a major revival with a fresh injection of 22.5 million USD from France, aimed at revitalizing the sector and ensuring long-term stability. As the second-largest cotton producer in Central Africa, behind only Cameroon, Chad has struggled with fluctuating production in recent years. To address this challenge, the Ministry of Production and Agricultural Industrialization launched the Chadian Cotton Basin Agricultural and Territorial Development Project (DEBACO) on May 13. With a total investment of 19.35 million EUR, this five-year initiative is fully funded by the…

The safety of Bamako is no longer a given. Once a forbidden topic, this harsh reality now dominates daily discussions across the city. On May 19, 2026, the rural commune of Siby, just 30 kilometers from the capital, became the stage for an unprecedented assault that exposed the fragility of Mali’s security situation. Flames at the gates of the capital In the afternoon of that day, the highway linking Bamako to Guinea erupted into chaos. Witnesses recounted how armed assailants on motorcycles converged on the national road near Siby, intercepting…

The President of the Togolese Council, Faure Gnassingbé, hosted a pivotal meeting on Monday in Lomé with Dr. George Elombi, Chairman of the Afreximbank Board. The high-level discussions centered on deepening the strategic partnership between Togo and the pan-African financial institution, with a sharp focus on unlocking investment potential across key economic sectors. boosting industrial transformation and local resource valorization During the closed-door session, both leaders examined concrete pathways to accelerate Togo’s industrial transformation agenda. Central to the conversation were the country’s phosphate sector, the development of energy infrastructure to…

Sénégal: Forum du Justiciable rejects any link between Ndiaga Seck case and Prime Minister Babacar Ba, President of the Forum du Justiciable, has firmly rejected claims suggesting a connection between Prime Minister Ousmane Sonko and the arrest of Ndiaga Seck, describing such insinuations as malicious. His stance highlights growing concerns about the ethical handling of judicial matters in Sénégal. Forum du Justiciable defends Ousmane Sonko amid Ndiaga Seck controversy In a strongly worded statement, Babacar Ba, leader of the Forum du Justiciable, emphasized that Ousmane Sonko, as head of government,…

economic investigation2026 Tabaski in Senegal: why the sheep feast is pushing families into debt Every year, millions of Senegalese families plunge into debt to buy a sheep for Tabaski. From rotating savings clubs to microfinance lenders and informal loan sharks, an entire ecosystem of debt has grown around a religious celebration now turned social crisis. While Morocco has found a solution, Senegal still waits. Two weeks before Tabaski, the same anxiety grips fathers of families in Dakar—from working-class neighborhoods to the Almadies. The price of a sheep has climbed again:…

The legal saga involving Fadilou Kéita, Director-General of Senegal’s Caisse des Dépôts et Consignations (CDC), and two prominent figures from Kaolack has intensified. This Wednesday, Serigne Mboup, the city’s mayor, and Habibou Lèye, operations manager of the ‘Cœur de Ville’ urban renewal project, were summoned to Dakar’s urban security offices for questioning. The move follows the formal filing of a complaint by the CDC chief, escalating a dispute that has taken on political dimensions. Challenging powerful local figures in Kaolack Serigne Mboup, a respected business leader and former president of…