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

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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
29/07/2026
2 months ago
Vincent Nwanma
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
16/06/2026
3 months ago
Eric Kasongo
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
08/06/2026
3 months ago
Eric Kasongo
Read More »

Recent Politics

Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
01/10/2026
2 days ago
Kent Mensah
Read More »
Aliko Dangote, Africa's richest businessman. Photo @ Africa CEO Forum
What threatens Dangote’s $16bn Kenya refinery bet? Lamu land risk
30/09/2026
3 days ago
Maria Brook
Read More »
Dakar, Senegal © Unsplash
Senegal's debt trap tightens as restructuring deadline nears
28/09/2026
5 days ago
Alhousseiny Djigo
Read More »

Latest Posts

Latest news insights

Oil field. Photo by Redhawk Investment Group @ Pixabay
Read More »
Chariot’s Angola oil bet: Who captures the cash?
Oil refinery. Photo by Devon Chandler @ Pixabay
Read More »
Pancontinental has Namibia oil acreage. Now comes funding test
Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Read More »
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Read More »
Can Nigeria cut rates without losing control? Liquidity is the test
Oil refinery. Photo by Devon Chandler @ Pixabay
Read More »
Pancontinental has Namibia oil acreage. Now comes funding test
Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Read More »
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Read More »
Can Nigeria cut rates without losing control? Liquidity is the test
Truck at a mining site. Photo by Gansham Ramchandani @ Pexels
Read More »
Rome Resources raises £787,500 for Congo tin. Is it enough?
Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Read More »
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Read More »
Can Nigeria cut rates without losing control? Liquidity is the test
Truck at a mining site. Photo by Gansham Ramchandani @ Pexels
Read More »
Rome Resources raises £787,500 for Congo tin. Is it enough?
Software engineer and founder of RKovera, Babacar Mbengue
Read More »
Can Babacar Mbengue turn Senegal’s e-waste into opportunity?