IMF forecasts Namibia's GDP growth at 3.75% in both 2025 and 2026. Recovery supported by improved weather, boosting agriculture and energy. Weak global demand, structural issues, and diamond market limit momentum. The International Monetary Fund (IMF) projects Namibia's economy to grow by 3.75% in 2025 and 2026, according to a forecast released on June 17, 2025. The recovery is...

Dangote will begin selling gasoline and diesel directly to customers, bypassing middlemen The group is launching its own logistics fleet and CNG fueling stations nationwide A credit system for bulk buyers aims to win loyalty and ease cash flow pressures Starting August 15, Dangote Group will begin selling gasoline and diesel directly to gas stations, factories, transport operators,...

• New oil find in Abu Sennan yields 1,400 barrels of crude and 1 million cubic feet of gas per day• Egypt invests $1.2 billion to drill 110 wells in 2024/2025 fiscal year• Onshore focus aims to secure energy supply and support local producers Egypt is increasing its efforts to discover new oil and gas fields as it faces a serious energy crisis. Natural gas production has dropped...

• Access Holdings finalises deal to take over Standard Chartered Bank Gambia• Standard Chartered ends its 130-year presence in the Gambian banking market• Acquisition follows Access Holdings' recent purchase of National Bank of Kenya Access Holdings, the Nigerian financial group, has officially completed its acquisition of Standard Chartered Bank Gambia. The deal was approved by the...

• Africa No Filter study links negative perceptions to weak consumer interest abroad• Over 40% of Africa-related associations in US and UK were seen as negative• Positive narratives proved more effective than stereotype denial in shifting views Stereotypes about Africa continue to shape how the continent is perceived in the United States and the United Kingdom, limiting demand for African...

• Wafa Assurance offers to acquire 51% stake in Cairo-listed Delta Insurance• Deal values Delta at EGP5 billion ($317 million), priced at EGP40 ($2.52) per share• Egypt Kuwait Holding to sell its 63.39% stake; approval pending from regulators Moroccan insurer Wafa Assurance has launched a public acquisition offer (PAO) for a majority stake in Egypt-based Delta Insurance, according to a...

• Côte d’Ivoire signs MoU with Raxio to support national data sovereignty strategy• CIV1 data center to launch in September 2024, at a cost of CFA36 billion ($63.5 million)• Facility to host sensitive government and private sector data locally Data centers are critical to digital transformation, offering secure storage and strengthening data protection. In Abidjan, the construction of a...

• USDA forecasts 8% increase in paddy rice output, reaching 2.96 million tons• Cultivated area projected to expand 8% to 850,000 hectares• Improved climate, reduced pest pressure, and policy support drive optimism In Mali, rice is the second most consumed grain after maize. Despite ongoing climatic uncertainties and security challenges, the country continues efforts to stabilize...

• Visa appoints Aminata Kane as Senior VP for West and Central Africa• Kane brings over 10 years of experience in digital finance and telecoms• She will lead efforts to expand financial inclusion and digital payments Global payment giant Visa announced on Tuesday, June 17, 2025, the appointment of Aminata Kane as Senior Vice President overseeing operations in West and Central Africa. She...

• J.P. Morgan voices confidence in Afreximbank's bonds, despite the bank's exposure to sovereign debt and potential for further rating downgrades• Afreximbank's dubious credits have hit 7.1% at end of 2024, amid concerns over debt restructuring in countries such as Ghana and Zambia• Bonds trade at a premium, offering attractive returns despite rising risks Despite a rating downgrade by...