• Global renewable capacity additions expected to exceed 750 GW in 2025• Renewables generate more power than coal for the first time, Ember reports• Sub-Saharan Africa set to double renewable capacity by 2030 The International Energy Agency (IEA) projects another record year for renewables. In its “Renewables 2025” report released on October 7, the agency forecasts that new global...

• The Central Bank of Kenya lowers its policy rate by 25 basis points to 9.25%• Move aims to boost private sector lending and support economic activity• This marks the eighth consecutive rate cut since August 2024 The Central Bank of Kenya (CBK) has reduced its policy rate by 25 basis points to 9.25% following the meeting of its Monetary Policy Committee (MPC) held on October 7. The...

• China rises to second place among Cameroon’s export destinations in 2024• France drops to fifth as China’s imports reach CFA535.1 billion• The Netherlands remain first, followed by China and India China has become Cameroon’s second-largest export destination, overtaking France, according to data from the National Institute of Statistics (INS) cited by Business in Cameroon. In 2024,...

• Kaspersky, Smart Africa, and Africaines in Tech have partnered to help more African women pursue careers in cybersecurity.• The initiative offers mentorship and a career test to close the 23–30% gender gap in Africa’s tech sector.• It aims to build a safer, more inclusive digital Africa amid a global shortage of cybersecurity talent. A new partnership between Kaspersky, Smart...

• The World Bank now expects Sub-Saharan Africa’s economy to grow 3.8% in 2025, up from 3.5%.• Inflation is easing, currencies are stabilizing, and private consumption is rebounding.• Despite this momentum, growth remains too weak to significantly cut poverty levels. The World Bank announced today it has raised its 2025 growth forecast for Sub-Saharan Africa to 3.8%, up from 3.5%...

• Oil majors including TotalEnergies and Chevron are calling for faster approval of exploration permits in Africa.• Governments such as Congo and Angola are revising laws and granting more licenses to attract investors.• NGOs warn that speeding up approvals could weaken environmental and public consultation standards. Major oil companies such as TotalEnergies and Chevron are urging African...

Cameroon exported 42,000 tonnes of raw cotton in Q1 2025, generating CFA47 billion ($83.5 million), showing stable revenues despite a 2.4% volume increase. National cotton production is forecast at 350,100 tonnes in 2025, signaling recovery toward the 400,000-ton strategic target of Sodecoton. Climate variability remains a risk, with droughts and irregular rainfall costing the...

The IMF said Guinea-Bissau met 7 out of 10 performance criteria under its $53.14 million Extended Credit Facility (ECF) agreement. Fiscal pressures mounted in 2025 due to lower-than-expected revenues and higher spending in the first half of the year. The IMF forecasts 5.5% GDP growth in 2025, driven by strong cashew output and improved trade terms. The International Monetary...

Moody’s reaffirmed the African Development Bank’s (AfDB) AAA rating with a stable outlook, citing strong financial fundamentals and robust shareholder backing. AfDB’s debt ratio fell to 208% in 2024, down from nearly 300% in 2019, outperforming the median of AAA-rated institutions (244%). A $3.1 billion capital increase between 2025 and 2032 is set to further strengthen the...

President Bola Tinubu requested parliamentary approval to raise $2.8 billion, including Nigeria’s first $500 million international sukuk. The $2.3 billion in new loans will finance the 2025 budget deficit and refinance eurobonds maturing in November. Fitch Ratings upgraded Nigeria’s sovereign rating to “B” in June 2025, citing major economic reforms that...