The Central Bank of Nigeria has left its benchmark interest rate unchanged at 27.5% for the second time in a row. The decision was made after a Monetary Policy Committee meeting held on May 19 and May 20, 2025. According to the committee, “the relative improvements in some key macroeconomic indicators which are expected to support the overall moderation in prices in the near to medium term.”

Mining contributes just 1% to GDP but is poised to surpass oil as a key growth driver Projects like Mbe gold, Mbalam iron, and Minim Martap bauxite are advancing A new Mining Code and governance challenges define the sector’s evolving landscape Cameroon is positioning its emerging mining sector as a pillar of future economic growth, aiming to reduce reliance on declining oil...

Global calls to reduce meat consumption do not apply uniformly to Africa, where average intake is just 15 kg per capita, less than half the global average of 35 kg, per FAO data. Expert Christian Corniaux argues Africa can sustainably increase consumption, unlike high-intake regions such as Europe or North America. Regional meat trade systems in West and Central Africa support...

South Africa’s Unemployment Insurance Fund (UIF) will inject $21 million into the South African Post Office (SAPO) under the Temporary Employer-Employee Relief Scheme (TERS). The funding aims to preserve 5,956 jobs amid economic crisis and 32.9% unemployment in Q1 2025. SAPO must meet strict compliance standards and implement a recovery plan to access the funds. The...

• Chad is home to one of the world’s largest shea tree reserves, with up to 82 million trees.• The country could produce up to 800,000 tons of shea nuts per year if fully developed.• Shea butter offers more value than raw nuts, giving Chad a strong reason to invest in local processing. Chad could soon become one of the world’s leading exporters of shea butter. A new report by the...

• The Islamic Development Bank will provide Algeria with $3 billion over three years.• Funds will support development projects including expansion of the national rail network.• The announcement was made during the IsDB’s 2025 annual meetings in Algiers. The Islamic Development Bank (IsDB) will allocate a total of $3 billion to Algeria over the next three years to finance...

• The ICJ granted Equatorial Guinea sovereignty over three disputed islands in the Gulf of Guinea.• The ruling opens access to potentially oil-rich waters as the country seeks to revive its energy sector.• Real economic gains depend on exploration, investment appeal, and a coherent energy strategy. Equatorial Guinea has secured a significant legal victory that could reshape its oil future....

• Jean Bamanisa says Kinshasa needs 3,500 km of roads rebuilt at a cost of over $10 billion.• He warns that without urgent investment, the city could slide into dysfunction and decay.• Bamanisa proposes mining-backed funding and urban studies to guide long-term development. Congolese politician and entrepreneur Jean Bamanisa Saïdi has issued a stark warning over the deteriorating...

• Uganda’s telecom industry has launched a joint anti-vandalism initiative led by UCC.• Over 820 cable vandalism incidents and widespread service disruptions have been recorded.• Proposed reforms include stricter penalties and national tower surveillance integration. Uganda’s telecommunications sector has launched a unified national campaign to address the growing problem of...

• Kodal Minerals has yet to receive an export permit three months after launching its Bougouni lithium mine.• CEO Bernard Aylward publicly voiced concerns over halted exports, causing a six-month share price low.• Mali's review of pricing practices and permit transfers continues to delay spodumene shipments. Kodal Minerals is experiencing delays in securing an export license for its...