Author: The Editorial Staff

Since its establishment in the DRC, the Kibali gold mine, a subsidiary of Barrick Gold, has crossed the threshold of 6.3 billion dollars in cumulative investments in the country, according to statements made by Marc Bristow, the group’s CEO. The leader, who faced the press on July 2, 2025 in Kinshasa, emphasized that Kibali –...

Kenya Airways (KQ), the Kenyan national airline, has concluded a codeshare agreement with Qatar Airways, allowing the latter to introduce a third daily frequency between Doha and Nairobi. This agreement will enable the Kenyan national carrier to operate flights between Mombasa and Doha, marketed by Qatar Airways, starting from the upcoming winter season, which will...

The International Monetary Fund (IMF) has approved a disbursement of $262.3 million to Ethiopia, following the third review of the program supported by the Extended Credit Facility (ECF). This funding aims to address the country’s urgent needs for balance of payments and budget financing, according to a statement released on Wednesday, July 2. In its...

The National Insurance Commission (NAICOM) issued new operating licenses to SanlamAllianz Life Insurance Nigeria Ltd and SanlamAllianz General Insurance Nigeria Ltd on July 3, 2025 in Abuja, endorsing the start of operations for the new entity resulting from the merger between the Nigerian subsidiaries of Sanlam (South Africa) and German Allianz. This dual license marks...

According to official sources at the Cameroonian Ministry of Finance (Minfi), on June 30, 2025, the Cameroonian Public Treasury raised 200 billion XAF (351 million USD) on the public securities market of the Central Bank of Central African States (BEAC). The operation consisted of the issuance of assimilable treasury bonds (OTA) with maturities of 3,...

Orascom Investment Holding (OIH) announced on July 1, 2025, the approval of the acquisition of 100% of the shares of Misr Entertainment Investments, including its subsidiaries and all the stakes held by its main shareholder in these subsidiaries. The total amount of the transaction is 502.03 million Egyptian pounds (approximately 10.68 million dollars), based on...

Bloomfield Investment has maintained Fidelis Finance Burkina Faso’s long and short term ratings unchanged, a financial institution specializing in leasing, which it had assigned a year earlier, announced the leaders of this rating agency based in Abidjan. The long-term rating remains A with a stable outlook. This means that Fidelis Finance Burkina Faso presents a...

The Democratic Republic of Congo (DRC) is set to receive significant new financial support from the International Monetary Fund (IMF) as part of its three-year program supported by the Extended Credit Facility (ECF). The IMF’s Board of Directors has endorsed the program’s first review, which will result in a disbursement of approximately USD 266.7 million,...

The Kenyan economy recorded a 4.9% year-on-year growth in the first quarter of 2025, according to the latest data released by the Kenya National Bureau of Statistics (KNBS) on Thursday, July 3. This figure, slightly below the Central Bank’s forecast of 5%, reflects a slowdown compared to the 5.3% recorded in the same period in...

Bank of Tanzania (BoT), the Tanzanian central bank, has reduced its key rate by 25 basis points, bringing it down from 6.0% to 5.75%, at its monetary policy meeting on Thursday, July 3. This decision comes in a context of moderate inflation, giving the monetary institution room to further ease its policy and stimulate economic...

According to the Medium-Term Economic and Budgetary Programming Document 2026-2028, based on the Budgetary Orientation Debate (DOB) that the government is preparing to submit to Parliament, with forecasts of 1.834 trillion CFA francs (3.22 billion USD) in the first quarter of 2025, the government declares to have mobilized budgetary revenues amounting to 1.507 trillion CFA...

In 2026, the Cameroonian government plans to raise 650 billion CFA francs (approximately $1.16 billion USD) on the international market. This information is contained in the document preparing the State budget of Cameroon for the 2026 fiscal year. It does not specify whether this will be financing from international banks, multilateral institutions, a partner country,...

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 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%...

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...

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...

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 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...

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…