The IMF raised Sub-Saharan Africa’s growth forecast by 0.2 percentage points compared to the projections for October 2024. The region’s growth is expected to reach 4.2% in 2025. Sub-Saharan Africa’s economy is expected to grow by 3.8% in 2024, from the 3.6% projected in October 2024. This update comes from the latest "World Economic Outlook January 2025" report published by the...

The financing needs for 2025 are estimated at CFA1,200 billion ($1.9 billion), including CFA610 billion through medium- and long-term debt issuance and CFA545 billion raised on the regional financial market via Treasury bills and bonds. Benin has successfully raised $1 billion through two simultaneous operations on international markets, making it the first African country to issue...

Globalization and digitalization have pushed countries to adopt new standards in public finance. In Burkina Faso, the government aims to align the skills of its officials and professionals with these global demands. On January 15, the Council of Ministers in Burkina Faso, chaired by Transitional President Ibrahim Traoré, approved the creation of a public finance institute. According to the...

In October 2023, the African Development Bank reported that Africa’s progress on the SDGs remains uneven. With persistent challenges like poverty and limited energy access, a new study from the Brookings Institution urges a bold rethink of strategies to boost results. Africa has made progress in areas like health. Still, it remains far behind on most Sustainable Development Goals (SDGs),...

Canada’s Robex Resources has been running the Nampala gold mine in Mali since 2017. Since then, the mine has delivered 230,000 ounces of gold. Last year, the Malian government doubled its stake in the project, located 250 km from Bamako, the capital. The lifespan of Mali’s Nampala gold mine has been extended, from June to December 2026. Robex, the Canadian firm running the project, announced...

Copper is a key indicator of the global economy. This year, Donald Trump's return to power and the Chinese economy will likely affect the metal’s prices. These factors will be closely monitored in the DRC and Zambia. Rio Tinto and Glencore are discussing a potential merger. The move focuses on copper, as the metal’s price should fluctuate this year due to political decisions and the state of...

This trial highlights the Congolese government's efforts to tackle illegal mining. Found guilty of illegal mining, three Chinese nationals were recently sentenced to seven years in prison in the Democratic Republic of Congo (DRC). The sentence was issued on January 14 by the Bukavu High Court. The three men were arrested in South Kivu with ten gold bars and $400,000 in cash. The court...

The Enko Capital - Oronte consortium, a key player in African finance, announces the signing of an agreement to acquire Société Générale Mauritanie (SGM), marking a major milestone in strengthening the banking sector in Mauritania. With a long-term vision, the consortium aims to accelerate the development of a locally anchored bank operating to international standards, serving both corporate...

Galiano Gold's performance at the Asanko gold mine in 2023 reached a total production of 134,077 ounces. Although the company set final production expectations for 2024 between 120,000 and 130,000 ounces, it ultimately fell short of this target. Galiano Gold did not achieve its 2024 production target in Ghana. Galiano’s Asanko gold mine delivered only 115,115 ounces last year, against 134,077...

Angola plans to sell its surplus electricity supply, 2 GW, to its neighbors the Democratic Republic of Congo (DRC) and Zambia, as these countries struggle to meet their demands with their domestic supply. Last year, an agreement was signed to connect Angola's power grid with the DRC. Ivanhoe Mines is considering importing hydropower from Angola to ensure optimal operations at the Kamoa-Kakula...