Morocco and Burundi signed 10 cooperation agreements across key sectors. Both countries adopted a 2025–2027 roadmap to deepen bilateral relations. Burundi reaffirmed its support for Morocco’s territorial integrity. Morocco and Burundi have strengthened their diplomatic and economic ties with 10 new cooperation agreements across various sectors, They also signed a new...

Over the past year, oil suppliers active in the Democratic Republic of Congo (DRC) recorded losses and shortfalls of $31.5 million, down from $288.6 million in 2023 (-89%). Daniel Mukoko Samba, Minister of the National Economy, disclosed the figures on May 6, 2025. This gap is bridged by subsidies. Without providing specific figures, Calixte Ahokpossi, mission chief of the...

Africa Global Logistics (AGL) announced an investment of CFA4 billion to expand its logistics hub in Kribi, Cameroon. The goal is to keep pace with rising container traffic at the city’s deep-sea port. Officially opened on June 8, 2022, the Kribi Logistics Hub is now entering its second phase of development. This new stage, expected to wrap up by the end of July 2025, includes 10,000 square...

On May 8, 2025, the Ministry of Transport, Communication Routes and Opening-up issued an official letter listing 240 unapproved river and lake ports slated for immediate closure. The document, referenced N° VPM/MTVCD/CAB/563/2025 and signed by Deputy Prime Minister Jean-Pierre Bemba, was addressed to the Ministry of the Interior, Security, Decentralization, and Customary Affairs. The measure...

In the Democratic Republic of Congo (DRC), state-owned Lignes Maritimes Congolaises (LMC) is about to add two vessels to its fleet, according to its Board Chairman Lambert Mende Omalanga. The executive announced the move on May 6 in Matadi, after meeting with Kongo Central Governor Grâce Bilolo.  “I have come to announce to the governor of Kongo Central province, Grâce Bilolo, that we...

Indian electric motorbike maker Spiro is entering the Cameroonian market. The company wants to promote electric mobility and support local industrial development, according to a May 10 announcement by CEO Kaushik Burman. Spiro’s plan aligns with Cameroon’s goal of developing a local automotive industry. Under the 2025 finance law, electric vehicles are now exempt from the 12.5% excise tax....

Cameroon officially launched the second container terminal at the Kribi deep-sea port on May 9. The new terminal was inaugurated during a ceremony led by Transport Minister Jean Ernest Ngallé Bibéhé Massena. According to Patrice Melom, head of the Port Authority of Kribi (PAK), the expansion has allowed the port to triple its handling capacity in just seven years. When the first terminal...

The Economic Community of West African States (ECOWAS) parliamentarians met in Lomé from May 6 to 9, 2025. They adopted recommendations to lower air ticket prices across West Africa. They urged governments to scrap several taxes starting January 1, 2026, to cut air travel costs. At the session’s close in Lomé, lawmakers demanded the removal of four taxes: ticket tax, tourism tax, solidarity...

Nigeria’s GDP grew 3.4% in 2024, the strongest since 2014, excluding COVID rebound years. Oil, gas, and services led the growth, while agriculture and manufacturing stayed weak. Reforms helped rebuild foreign reserves and cut the budget deficit to 3% of GDP. Nigeria recorded its strongest economic growth in ten years in 2024, reaching 3.4% according to the World Bank. The...

Unpaid domestic debts hit CFA363 billion by end of 2024, or 2.6% of GDP. 80% of arrears affect private firms, especially small and mid-sized businesses. Government vows zero new arrears in 2025 under IMF-backed program. Mali has promised to stop accumulating new domestic arrears in 2025. The pledge comes under its current program with the International Monetary Fund, as unpaid...