Author: The Editorial Staff

In a report from June 2025 following the seventh review of the economic and financial program with Cameroon, the International Monetary Fund (IMF) expresses concerns about the power purchase agreement signed between Eneo, the national electricity company, and Nachtigal Hydro Power Company (NHPC), a subsidiary of Electricité de France (EDF). The international financial institution particularly...

The International Monetary Fund (IMF) has called on the Nigerian government to revise its 2025 budget, initially set at 54,990 billion nairas (119.5 billion USD), due to the decrease in crude oil prices on the global market, according to an annual report from the Fund published on July 2 in Washington. The budget had been...

The Moroccan new car market showed strong growth in the first half of 2025, recording an increase of 36.14% compared to the same period in 2024. By the end of June, 112,026 vehicles were sold, compared to 82,226 units a year earlier. For the month of June 2025 alone, sales reached 23,298 units, up 34.14%...

In the framework of strengthening economic cooperation between the Central African Republic (CAR) and France, the latter has granted a loan of 16.4 billion CFA francs (around 29 million USD) to the Central African government to help consolidate its financial stability policy. The announcement was made to the Central African authorities by the financial advisor for Africa at the French Treasury Directorate General, Yves Charpentier, during his recent visit to Bangui. Following a working session with the Central African Minister of Finance and Budget, Hervé Ndoba, the French envoy indicated that “this budget loan, also called budget support, is designed…

MTN Nigeria has launched the first phase of its Sifiso Dabengwa data center in Lagos, a $235 million investment aimed at strengthening the country’s digital sovereignty and positioning the company in the cloud market against giants like AWS, Microsoft Azure, and Google Cloud. Located in Ikeja, this Tier III facility has an initial computing capacity...

In the context of its strategic partnership with the Confederation of African Football (CAF), Africa Global Logistics (AGL), a major player in logistics on the continent, is launching its campaign “Moving Africa Forward” on the occasion of the Women’s AFCON taking place in Morocco from July 5 to 26. “Moving Africa Forward” is AGL’s official slogan for the two football competitions taking place in Morocco this year: the Women’s AFCON 2024 (postponed to this summer) and the AFCON 2025. It embodies AGL’s commitment to supporting African football and, more broadly, contributing to the transformation of the continent. Indeed, AGL believes…

A Ugandan military helicopter carrying eight people from the African Union peacekeeping mission crashed on Wednesday, July 2, in Mogadishu, Somalia. The helicopter, operated by the Ugandan People’s Defense Forces (UPDF), crashed at Aden Adde International Airport, the main airport in Somalia, as it was attempting to land. A fire broke out immediately, quickly contained by rescue services. The helicopter was headed to Baledogle, the largest military airbase in Somalia, located about 90 kilometers northwest of the capital, Mogadishu. Three of the eight people on board were rescued and taken to the hospital of the African Union Support and Stabilization…

The British bank Barclays has updated its March 2024 report on Senegalese debt, noting a record level of debt. The country’s public debt has indeed been reevaluated at 119% of GDP in 2024, compared to 99.7% in 2023, representing an increase of 20 points in one year, according to Barclays Bank. This places Senegal as...

Khalda Petroleum, in partnership with Apache Corporation, has made significant advances in its drilling operations in the Western Desert, allowing for a significant reduction in costs and delays, the Egyptian Ministry of Petroleum and Mineral Resources announced on Tuesday, July 1st. These results are part of the national strategy to enhance the productivity of exploration...

The economic growth of Cameroon reached 3.5% in 2024, driven notably by a 1.6% increase in real GDP in the fourth quarter compared to the previous quarter, according to data released on Tuesday, July 1st by the National Institute of Statistics (INS). This performance reflects a dynamic supported by the primary and tertiary sectors, despite...

On July 2, 2025, Burkina Faso raised 38.499 billion CFA francs (approximately 69.3 million USD) on the regional financial market of the UMOA, following a combined auction of Treasury Bills (BAT) for 364 days and Treasury Bonds (OAT) for 3, 5, and 7 years. The operation is part of the country’s sovereign financing strategy, in a regional context marked by market resilience in the face of economic and security uncertainties. Key figures of the operation: – Amount requested: 35 billion CFA francs – Amount received: 40.892 billion CFA francs – Amount retained: 38.499 billion CFA francs – Coverage rate: 116.84%…

How the Omani fund has risen among the top ten performers in the world The Oman Investment Authority (OIA), the Sultanate’s financial arm, has quietly established itself as one of the top ten sovereign wealth funds in the world, according to the 2025 ranking by Global SWF. With a net profit of $4.1 billion in 2024 and over $53 billion in assets under management, the OIA has become a strategic player in Oman’s budget stability and economic transformation. Under the direct authority of the government, the OIA has strengthened its governance and transparency, receiving praise from the World Bank. This…

In May 2025, Morocco’s money supply recorded an annual increase of 7.8%, up from 6.9% last month, reaching 1.918 billion dirhams (211.051 million dollars), according to data from Bank Al-Maghrib (BAM), the Moroccan Central Bank based in Rabat. According to BAM, this increase includes “a deceleration in the growth of both bank credit to the...

The trade deficit of Morocco widened by 15.1% year-on-year, reaching 133 billion dirhams (approximately 12.31 billion euros) at the end of May 2025, compared to 115 billion dirhams (approximately 10.86 billion euros) a year earlier, according to the latest statistics published by the Office des changes. This deterioration of the trade balance is mainly explained...

Namibia is the only country in the world to have been downgraded in the latest ranking of global economies published by the World Bank on Tuesday, July 1. The country moved from the upper bracket to the lower bracket of middle-income countries, due to a decline in gross national income (GNI) per capita. According to...

The Ghanaian government plans to raise $4 billion USD over four years for the large-scale deployment of its ambitious “The 24-hours Economy” program, aimed at transforming the national productive system, boosting private sector participation, and creating massive employment, according to Dr. Ishmael Nii Amanor Dodoo, head of innovation at the Secretariat. Officially launched on July...

British International Investment (BII), the UK’s development bank, has announced investments of over $300 million to support two flagship projects in the renewable energy sector in Egypt. The announcement was made on Tuesday, July 1 following the signing of agreements with project partners. These funds aim to support the construction of a 1.1 gigawatt (GW)...

The economy of Guinea-Bissau is expected to grow by 5.1% in 2025, driven by dynamic exports and increased investments, according to forecasts published on Tuesday, July 1 by the International Monetary Fund (IMF). The institution also anticipates moderate inflation, estimated at 2%, reflecting a certain price stability in an uncertain regional context. The IMF also foresees a gradual improvement in external balances, with a reduction in the current account deficit to 5.8% of GDP, due to more favorable terms of trade. On the budgetary front, the Guinean authorities have committed to reducing the public deficit to 3.4% of GDP by…

The African Export-Import Bank (Afreximbank) has finalized the increase of its reserve-based lending facility granted to Oando Oil Limited, bringing the total amount to $375 million. With this increase, Oando is strengthening its capacity to play a leading role in the revival of oil production in Nigeria, with expected effects on employment, infrastructure, and technological development in the sector, according to a statement released on Monday, July 1. In July 2025, Afreximbank, with the support of Mercuria Asia Resources PTE Limited, concluded the extension of the facility, presented as a strategic pillar in Oando’s capital management. This partnership will enable…

According to the Cameroonian Minister of Finance (Minfi), Louis Paul Motaze, “despite a 15% to 17% increase in the price of a barrel on the international market, Iranian refineries have not been affected. The pump price therefore remains stable in Cameroon.” Translation: the conflict between Israel and Iran will not lead to an increase in fuel prices in Cameroon. Louis Paul Motaze made this statement on June 30, 2025, in front of members of the finance and budget committee of the National Assembly who were concerned about this issue. From official sources, it is learned that the Minfi’s intervention before…

The board of directors of the Banque de l’habitat de Côte d’Ivoire (BHCI) confirmed Karna Patrice Coulibaly as the managing director during its meeting on May 23, 2025. He had been appointed acting managing director in July 2024, following the resignation of Désirée Eliane Yace. This unanimous decision of the board, it is believed internally,...

The Tunisian Parliament approved, on Tuesday, July 1st, a €50 million loan agreement granted by the French Development Agency (AFD) to the Tunisian State. This financing is intended to modernize the National Office of Civil Protection and strengthen its intervention capabilities in the face of natural disasters. This loan, granted in the form of equipment...

African Rail Company has signed a $3.6 million contract with the Indian company RITES, specialized in transportation consulting and engineering, aimed at modernizing the railway networks in Zimbabwe, Mozambique, and Botswana. As part of this agreement, RITES will provide two fully refurbished Cape Gauge ALCO diesel-electric locomotives. These equipment, suitable for the narrow gauge tracks...

Cape Verde has officially been reclassified as an upper middle-income country, according to the criteria of the World Bank Group. The new classification was published on Tuesday, July 1, 2025 by the institution. This reclassification is mainly due to a significant increase of 16.8% in gross national income (GNI) per capita between 2023 and 2024....

In Cameroon, in 2024, the State managed to contain the price of domestic gas thanks to a subsidy of 52.6 billion XAF (approximately 93 million USD), an increase of 10.1 billion XAF compared to the 42.5 billion XAF (75 million USD) spent in 2023. The announcement was made by the Minister of Trade, Luc Magloire...

During its ordinary session on June 30, 2025 in Yaoundé, the Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) maintained the level of its key interest rates. According to the final communiqué of the meeting, “the interest rate on open market operations (TIAO) remains fixed at 4.5%, while the marginal lending...

ENGIE North Africa has appointed Rik De Buyserie, a Belgian national, as Chief Executive Officer, succeeding Loïc Jaegert-Huber. This strategic change at the helm of the regional subsidiary is in line with the Group’s ambitious growth policy in a key region for energy transition. In a statement released on Wednesday, July 2, ENGIE emphasized that...

Out of the 22 commercial banks licensed by the State of Cameroon as Specialists in Treasury Securities (SVT) on the public securities market of the Bank of Central African States (BEAC), four (Société Générale, Attijariwafa Bank through its local subsidiary SCB Cameroon, Ecobank, and Afriland First Bank) have been selected to lead the transaction of...

By Professor Abderrahmane Mebtoul, University Professor, International Expert, Doctor of State (1974) in Management, Chartered Accountant from the Higher Institute of Management in Lille, France. The official exchange rate of the dinar went from 4.94 dinars for 1 dollar in 1970 to 5.03 dinars in 1980. In 2001, it was 77.26 dinars for 1 dollar and 69.20 dinars for 1 euro. In 2005, the rates were 73.36 dinars for 1 dollar and 91.32 dinars for 1 euro; in 2010, 74.31 dinars for 1 dollar and 103.49 dinars for 1 euro; in 2015, 100.46 dinars for 1 dollar and 111.44 dinars…

Johannesburg, July 1, 2025 – GCR Ratings (GCR), the leading credit rating provider in Africa, has announced the appointment of Nicole Gibb as Group Head of Ratings and Research. This appointment marks a strategic milestone in the agency’s evolution, one year after its 100% acquisition by Moody’s Corporation. With over twenty years of experience in financial services, Nicole Gibb has held leadership positions at several renowned institutions, including Absa Group, Fitch Ratings, Rand Merchant Bank, and Commerzbank. Until recently, she was the Head of Credit for Non-Bank Financial Institutions at Absa, with broad responsibility for portfolios of banks, financial institutions,…