Second African Stock Exchange Exhibition focuses on financial inclusion and economic sovereignty
via Lefaso.net4 min read
The second edition of the International African Stock Exchange Exhibition SIBA has opened, aiming to promote stock market culture across Africa. Léa Zagré/Rimtoumda, representing the Minister of Economy and Finance, highlighted the initiative's role in democratizing investment and expanding financial inclusion. She noted the growing interest among African citizens in financial matters and their desire to actively participate in economic financing, viewing this as a collective awareness of the importance of local savings for the continent's economic transformation. The exhibition, themed "Financial markets and financial inclusion: how to bring the Stock Exchange closer to the population?", seeks to remove barriers that keep many citizens from financial markets. The goal is to make the stock market accessible to all, including youth, entrepreneurs, traders, farmers, informal sector actors, and employees, enabling them to secure their future and contribute to economic growth. This aligns with a broader vision of economic sovereignty, encouraging investment in the national economy as a civic act to finance businesses, infrastructure, and development projects using local resources. The technical advisor to the Minister of Economy and Finance emphasized the critical need for financing in African economies, particularly for small and medium-sized enterprises, young project leaders, and businesses seeking to innovate. Financial markets are presented as a strategic solution to mobiliz
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Lefaso.net.
Burkinabe artist Elty, whose real name is Lionel Tankoano, has released his new album "Likambia," a 13-track project that explores themes of memories, emotions, and transmission. The album prominently features the Gourmantchéma language, alongside other national languages of Burkina Faso such as Mooré, Dioula, and French. Elty, known for his Afro-pop and RnB style, gained public recognition in 2022 for his sensitive lyrics and storytelling. His musical journey began in high school with rap group Trypotes and was influenced by his parents' musical tastes, including zouk and Congolese rumba. Despite studying mining and quarries, music became his primary focus. He received several awards in 2023, including the Kundé for Revelation and Hope, the PCA, and the FAMA, and was recognized as a Guinness Young Talent in 2024. The word "Likambia" means "it will not be lost" in Gourmantchéma, reflecting Elty's desire for his work to endure. Beyond the album, the "Likambia" project includes charity concerts, donations, and social activities, aiming to use art for positive impact. The album delves into universal themes like memory, family, resilience, invisible wounds, love, and personal struggles, with each track representing an emotion or experience. Elty collaborated with three artists from different generations: Maria Bissongo on the title track "Likambia," Faity Baby on "Bobo Kadigné," and Kevin Mik on "Dis-moi," emphasizing the transmission of knowledge between generations. Through "Li
CFAO Mobility officially launched its range of hybrid vehicles in Burkina Faso on Thursday, June 4, 2026, during a press conference held at its showroom. The hybrid vehicles, from Suzuki and Toyota, include models such as the Suzuki Grand Vitara, the new Suzuki Accross, the Toyota Urban Cruiser, the Corolla Cross, the new RAV4, and the Land Cruiser 300. CFAO Mobility's decision to introduce hybrid technology is based on a pragmatic analysis of the Burkinabe market, aiming to offer customers a new experience with comfortable, fuel-efficient, and environmentally friendly vehicles. These hybrid vehicles combine a thermal engine and an electric motor, recharging automatically while driving without needing an external charging station. The system intelligently manages energy, prioritizing the electric motor at low speeds, combining both for acceleration, and using the thermal engine at steady speeds. During braking and deceleration, energy is recovered to recharge the battery through a regenerative braking system, providing a smooth and quiet driving experience similar to conventional vehicles. According to General Manager Camile Wassom, these hybrid models offer customers responsible and secure driving, with the advantage of very low fuel consumption and reduced fuel budgets. While slightly more expensive initially, the investment is quickly recouped through fuel savings. Commercial and Marketing Director Ariane Liehoun/Ouédraogo added that Toyota and Suzuki hybrid vehicles are k
RIMCO MOTORS officially launched the CHERY brand in Burkina Faso on June 4, 2026, marking a significant step in the group's regional expansion strategy and its ambitions in the West African market. The event included the inauguration of its renovated showroom in Ouagadougou. This move reflects RIMCO MOTORS' confidence in Burkina Faso's economic potential and its aim to contribute to the transformation of the automotive sector through innovation, service quality, and long-term investment. The launch was attended by partners, private sector actors, and public authority representatives, including the president of the special delegation of the municipality of Ouagadougou and the minister of industry, commerce, and crafts. Philippe Huart, operations director for RIMCO MOTORS Côte d’Ivoire and Burkina Faso, presented CHERY models like the Tiggo 2 Pro, Tiggo 4 Pro, Tiggo 7 Pro, Tiggo 8 Pro, and Arrizo 5, highlighting their modern design, advanced technology, and high standards of comfort and safety. Rami Tueni, country director and branch manager for RIMCO MOTORS Burkina Faso, emphasized the company's commitment to the country's development beyond commercial objectives. CHERY, founded in 1997, is a leading Chinese automotive manufacturer and exporter, present in over 100 countries. RIMCO MOTORS, established in 2005, operates in nine African countries, distributing over twenty international brands. Headquartered in Abidjan, Côte d’Ivoire, RIMCO MOTORS is the regional automotive platf
Must ReadRomuald Wadagni, a finance expert and former minister, was inaugurated as President of Benin on May 24, 2026, after winning the April 2026 election with 94.07% of the votes. He immediately formed his government on the evening of May 24, breaking from traditional transition periods. The new government, which includes both returning and new ministers, reflects a blend of continuity and administrative reorganization, with some ministries being split, others merged, and new portfolios created. Benin's governance system does not include a Prime Minister. The first Council of Ministers meeting on May 28 decided to hold sessions monthly, on the first Wednesday of each month, instead of weekly. President Wadagni reiterated his priorities: combating extreme poverty, reducing territorial inequalities, strengthening the regionalization of public policies, and focusing on national defense and security. He urged his government to accelerate reforms to improve the living conditions of the Beninese population. On June 3, 2026, the Council of Ministers announced free schooling for all girls in public general and technical secondary education across the country, starting from the 2026-2027 academic year. This expands on existing free schooling for girls in the first cycle. To support this initiative and ensure decent learning conditions, the government allocated 20 billion FCFA to accelerate access to potable water and electricity for all public secondary schools currently lacking these facil