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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.

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