• CBN gives forex bureaus until December 31, 2025, to meet new capital rules• Fewer than 10% of operators were compliant as of June 2025, says ABCON• Over 3 million jobs at risk if non-compliant bureaus are forced to shut down The Central Bank of Nigeria (CBN) has extended the deadline for foreign exchange bureaus (BDCs) to meet new capital requirements. The new deadline is now set for...

Nigeria’s Parliament is deciding whether to approve a foreign loan plan worth about $24.14 billion. President Bola Tinubu proposed the plan in late May 2025. The money would help fund important infrastructure projects in 2025 and 2026. The government says the goal is to create jobs, teach people new skills, support small businesses, reduce poverty, and improve food supply. The main focus...

• African Telecommunications Union receives ICANN funding to support IPv6 rollout• IPv6 offers scalable solutions for growing internet and device connectivity in Africa• Adoption remains low, with only 4.46% of traffic on IPv6 across the continent as of May 2025 The African Telecommunications Union (ATU) has secured a grant from the Internet Corporation for Assigned Names and Numbers...

• Chad’s telecom regulator and police dismantle illegal telecom kiosks in Ndjamena• Operation targets unauthorized operators, unidentified SIMs, and illicit transfers• Authorities to set up commission to secure digital borders and curb telecom fraud Chad’s Electronic and Postal Communications Regulatory Authority (ARCEP), in coordination with the national police, launched a major...

• World Bank lowers growth forecast to 3.7% for 2025 and 4.2% for 2026–27• Downgrade reflects rising trade barriers and weakening global conditions• Risks include debt pressures, conflicts, and geopolitical tensions The World Bank has revised its growth projections for sub-Saharan Africa, lowering its 2025 forecast to 3.7% and projecting average growth of 4.2% for 2026–27. The update...

• EU to decide next week on SES's $2.9B acquisition of Intelsat• Deal expected to receive unconditional approval after UK clearance• Merger may reshape Africa’s satellite TV landscape The acquisition of American satellite operator Intelsat by Luxembourg-based Société européenne des satellites (SES) is expected to receive unconditional approval from the European Commission next...

• Rwanda signs MoU with Cotti Coffee to raise global coffee market value• Deal includes building a Sino-Rwandan coffee demonstration park• Coffee production and exports have declined steadily since 2019 Rwanda’s Ministry of Agriculture has signed a Memorandum of Understanding (MoU) with Chinese coffee chain Cotti Coffee International to enhance the global value of Rwandan coffee. The...

• African startups raised $1.055B from Jan–May 2025, up 40% year-on-year• Egypt, South Africa, Nigeria, and Kenya attracted 84% of all funding• Egypt also led tech M&A, with 3 of 4 deals recorded continentwide African startups raised $1.055 billion during the first five months of 2025, a 40% increase compared to the same period in 2024, according to data published on June 10 by...

Border carbon taxes planned by rich nations threaten more than 500,000 South African jobs 78% of South Africa’s exports go to countries with net-zero targets or carbon pricing plans Basic metals, agriculture, and auto sectors face the highest risk without a fast energy shift A June 9 report from the Net Zero Tracker initiative warns that more than 500,000 jobs in South Africa are at risk...

Rwanda's 2025/2026 budget rises 21% to $4.8B, approved on June 9 Funds target new airport, RwandAir expansion, and key development sectors IMF forecasts continued growth, though external risks remain The Rwandan government approved on June 9 a FY2025-26 budget of over 7,000 billion Rwandan francs (about $4.8 billion), up 21% from the previous year’s revised budget. The...