Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

West African banks post record $1.2bn profit as citizens struggle

Bank notes and coins. Photo by Steve Buissinne @ Pixabay
Bank notes and coins. Photo by Steve Buissinne @ Pixabay

Alhousseiny Djigo

Alhousseiny Djigo is an experienced financial journalist based in Dakar.
  • WAEMU banks report nearly $1.2bn profit in first half of 2025
  • Analysts warn gains may fuel inequality as SMEs and citizens struggle

 

DAKAR, SENEGAL – Banks in the West African Economic and Monetary Union (WAEMU) reported record net profits of 650 billion CFA francs ($1.2bn) in the first six months of 2025.

Stay ahead with Real time Updates

Recent Business

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
18/11/2025
1 hour ago
Ahmed Boulor
Read More »
A happy cocoa farmer. Photo @ Pixabay
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
18/11/2025
2 hours ago
Evans Effah
Read More »
A shopper at a supermarket. Photo @ Unsplash
Nigeria’s annual inflation slowed to 16% in October
17/11/2025
19 hours ago
Dulue Mbachu
Read More »
Custom Research

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
17/11/2025
23 hours ago
Wanderi Kamau
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
16/11/2025
1 day ago
Kent Mensah
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
14/11/2025
3 days ago
Alhousseiny Djigo
Read More »

Latest Posts

Latest news insights

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Read More »
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
A happy cocoa farmer. Photo @ Pixabay
Read More »
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
A shopper at a supermarket. Photo @ Unsplash
Read More »
Nigeria’s annual inflation slowed to 16% in October
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire
A happy cocoa farmer. Photo @ Pixabay
Read More »
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
A shopper at a supermarket. Photo @ Unsplash
Read More »
Nigeria’s annual inflation slowed to 16% in October
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Read More »
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
A shopper at a supermarket. Photo @ Unsplash
Read More »
Nigeria’s annual inflation slowed to 16% in October
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Read More »
Australian gold miner Skylark Minerals makes $4mn push into Côte d’Ivoire
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Read More »
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Fishermen in Senegal busy at shore. Photo by Thomas de LUZE @ Unsplash
Read More »
Senegal bonds crash as government rejects debt restructuring