BEAC cuts liquidity to 550B CFA as Demand was stalling but banks sought record 638.5B Demand surge follows March interest rate cut ending tightening Student loan season boosts credit appetite across sub-region The Bank of Central African States (BEAC) has seen an unexpected reversal in its monetary policy operations, as commercial bank demand for liquidity surged to a historic high just...

DRC will resume cobalt exports on Oct. 16 under strict quotas, capped at 96,600 tons annually through 2027. CMOC, which shipped 96,000 tons in 2024, is directly hit, while Glencore is more resilient thanks to diversification. Kinshasa aims to stabilize prices and push local processing, reshaping the global balance of the cobalt trade. The Democratic Republic of Congo will resume cobalt...

Zambia drafts new bills on e-communications and postal services Reforms align laws with cybersecurity, e-commerce, and digital growth Part of 2023–2027 strategy to boost trust, investment, innovation Zambia is updating its legal framework to keep pace with the growth of digital services. At its seventeenth meeting on Monday, the Cabinet approved two bills for introduction to Parliament...

Chad launches digital registry to manage mining titles and zones Reform aims to boost transparency, governance, and investment appeal Mining GDP share targeted to rise from 1% to 5% by 2030 Chadian authorities have launched a new digital system for managing mining activities across the country. The tool is designed to centralize the issuance of mining titles, secure exploration and...

In an effort to stabilize its economy and reach a deal with creditors, Ethiopia has appointed Eyob Tekalign as the new central bank governor. His mandate is to curb inflation, stabilize the Ethiopian birr, and push forward with reforms recommended by the IMF. The Ethiopian government announced the appointment of Eyob Tekalign as the new central bank governor on Friday. Tekalign, the country's...

WAEMU economy to grow 6.5% in Q3 2025, BCEAO says Growth driven by agriculture, extractives, trade, and public works Inflation easing; IMF warns of widening income gaps in bloc The West African Economic and Monetary Union (WAEMU) is projected to see economic activity grow by 6.5% in the third quarter of 2025, up from 6.1% in the same period of 2024, according to a report released in...

Congo signs digital economy deal with China’s Genew Technologies Partnership targets infrastructure, AI training, and youth skills Tied to $148M World Bank–EIB-backed Digital Transformation Project The Republic of Congo announced on Thursday that it has signed a memorandum of understanding with the Chinese technology company Genew Technologies. The partnership aims to develop the...

S&P assigns Guinea first-ever B+ sovereign credit rating Rating reflects strong mining outlook, low debt, stable inflation Boosts investor visibility; bond issuance, FDI may follow For the first time, Standard & Poor's (S&P) assigned a sovereign credit rating to Guinea on Thursday, giving it a B+ for long-term debt and B for short-term debt, with a stable outlook. This rating places the...

Global uranium output may halve post-2030, WNA warns African mines ramp up to meet rising nuclear fuel demand Investment gaps, disputes threaten timely project development Despite a 22% rebound between 2022 and 2024, when it reached 60,213 metric tons, global uranium production could fall by half after 2030 due to declining yields from active mines. This projection, made by the World...

Five African airlines launch joint MRO program to cut costs Aims to boost safety, create jobs, and retain $2.5B annually Success hinges on infrastructure, cooperation, and skilled workforce A joint initiative by Royal Air Maroc, Ethiopian Airlines MRO, EgyptAir, Kenya Airways, and SAA Technical to pool their maintenance, repair, and overhaul (MRO) efforts marks a new phase for...