• CBK reduces prime rate to 9.75% following easing inflation and stable exchange rates• May 2025 inflation falls to 3.8%, below the 5% midpoint target• Rate cut aims to boost private sector lending and economic activity The Central Bank of Kenya (CBK) has reduced its prime lending rate by 25 basis points to 9.75 %, according to a statement released on Tuesday, June 10, 2025. This...

• Direct tariff impacts on African exports to the U.S. are expected to stay limited• Key risk lies in falling demand from China, which could lower global commodity prices• More than half of African countries rely on raw materials for over 60% of their export earnings The new U.S. trade tariffs introduced under the Trump administration may not hit African countries directly, but the nations...

• Nigeria posted Sub-Saharan Africa’s largest net cereal deficit in 2023 at $2 billion• Wheat and rice imports remain high despite local maize self-sufficiency• South Africa reported a net cereal surplus of $170 million due to strong corn exports Nigeria ranked as the top cereal importer in Sub-Saharan Africa in 2023, recording a net cereal deficit of $2 billion. This...

• Government plans to expand TVET access and build centers in every region• TVET funding rose 224% since 2018, but enrollment growth remains stagnant• Deputy Minister calls for stronger links between training, jobs, and industry Only 43 percent of Ghanaians aged 15 to 24 are currently enrolled in Technical and Vocational Education and Training (TVET). Ghana is now working to expand access...

• World Bank approves $350 million loan to upgrade rail transport in Greater Casablanca• Project will modernize 73 km of rail lines, benefiting over 560,000 people by 2031• Investment supports Morocco’s urbanization strategy and ONCF capacity building According to the World Bank, 70 percent of Morocco’s population will live in urban areas by 2050. This rapid urbanization poses...

For many Ghanaians, affordable internet access is not just a convenience but a necessity for education, e-commerce, financial services, and civic engagement. The Minister for Communication, Digital Technology and Innovations, Hon. Samuel Nartey George, has announced a 10% increase in data bundle values across all major mobile networks in Ghana, effective July 1, 2025. The announcement was made...

• Aura Energy plans to raise $230 million for Tiris uranium mine in Mauritania• Philip Mitchell appointed executive chairman to lead project toward investment decision• Tiris could become Mauritania’s first uranium mine, producing by 2027 Aura Energy is positioning its Tiris uranium project to become Mauritania’s first uranium mine, with a funding target of $230 million to...

• Brent crude rose 1.2% to $67.85 per barrel, its highest level in seven weeks• Market optimism grows as the U.S. and China resume trade discussions in London• Saudi Arabia plans to slightly cut oil shipments to China in July Oil prices rose yesterday, June 10, reaching their highest point in seven weeks, as markets reacted to encouraging signals from trade talks between the United...

• SARB opens fully funded scholarships for fine arts students under age 35• Creative economy projected to grow 40% by 2030 and reach 10% of global GDP• Scholarships aim to develop local talent and strengthen the cultural sector The South African Reserve Bank (SARB) has opened applications for its 2026 fine arts scholarship program. This fully funded initiative targets South African...

• MTN, Telecel, and AT to invest $150 million in network improvements by end-2025• Move follows public complaints and government pressure to improve service quality• Internet quality in Ghana ranked 98th out of 120 countries in 2024 index MTN, Telecel, and AT (formerly AirtelTigo), Ghana’s main telecom operators, have pledged to invest around $150 million to upgrade their...