Algeria summoned France’s chargé d’affaires over the irregular posting of 15 agents. The diplomatic dispute follows expulsions, visa blocks, and rising political tensions. Longstanding disagreements over Western Sahara, migration, and colonial memory persist. Algerian authorities demanded yesterday the immediate repatriation of several French personnel, accusing them of being...

Nigeria targets 300 billion naira (about $186.7 million) through a sukuk to build roads. The bond offers a 19.75% annual return and is open for subscription until May 20. The funds will support roadwork in all six geopolitical zones of the country. The Nigerian government has launched a 300 billion naira fundraising (about $186.7 million) through an Islamic bond known as a sukuk....

Tidjane Thiam says legal pressure forced him to quit as PDCI-RDA president He was taken off the voter list and can no longer run in the 2025 election Ernest N’Koumo Mobio will lead the party for now while it prepares for what comes next Tidjane Thiam (pictured) said late Sunday, May 11, that he is stepping down as president of the PDCI-RDA. In a video posted on his social media pages,...

 Algeria and Oman will each contribute to a $300 million joint investment fund.  The fund will target food security, mining, oil and gas, and pharmaceuticals. Several other agreements were signed, including deals in energy, mining, and education. Algeria and Oman have agreed to create a joint investment fund worth 115 million Omani rials, or about $300 million. The deal...

Senegal’s president met with Axian Group to discuss digital transformation plans. Axian aims to grow telecom and fintech services through its brand YAS Sénégal. The company plans major investments in 4G, 5G, and public-private innovation. Axian Group Strengthens Ties with Senegal to Support National Tech Transformation Senegal’s President Bassirou Diomaye Faye met on May 9 with a...

On April 24, 2025, the SNEL, the DR Congo’s power utility, signed a contract with Chint, a Chinese firm, to rehabilitate the electricity distribution network in northern Kinshasa, covering five communes: Barumbu, Gombe, Kasa-Vubu, Kinshasa, and Lingwala. Initially, the project aimed to build 60 new low- and medium-voltage cabins, modernize 35 existing cabins, and reinforce a substation and a...

Cameroon’s natural gas industry is expected to bounce back next year, after a difficult 2024. New projections from the Bank of Central African States (BEAC) show the country’s gas output could rise to 1.78 million tons in 2025, up 23% from the 1.44 million tons projected for this year. This would mark a strong recovery after a 12.6% drop in 2024 compared to 2023, when production stood at...

. Citigroup is holding talks with governments in Benin and Namibia to grow its presence. . The bank is playing a key role in Benin's bond sales and cybersecurity funding plans. . Citi is ramping up selective operations in Africa amid rising Gulf and Asian investment. Citigroup is in talks with several African governments, including those of Benin and Namibia, as part of a push to expand its...

54% of Togolese favor leaving ECOWAS for the Sahel States Alliance (AES), according to a recent survey. Support is higher among men, urban residents, and in regions like Centrale and Lomé. Togo has strengthened ties with AES members, raising the possibility of an official shift. More than half of Togolese citizens believe their country would be better off leaving the regional...

Cameroon has launched the construction of a new domestic gas filling center in Kumba, Southwest Region. The project, valued at CFA6 billion, marks the fifth such facility developed by the Hydrocarbons Price Stabilization Fund (CSPH). The groundbreaking ceremony was held on April 29, led by Trade Minister Luc Magloire Mbarga Atangana, who also chairs CSPH’s board. This new site follows similar...