Freetown, Sierra Leone’s capital Freetown, Sierra Leone Sierra Leone stands on the cusp of an economic revival, with the World Bank projecting a robust 4.4% GDP growth for 2025, up from 4.0% in 2024, driven by vibrant services, resilient agriculture, and a resurgent mining sector. Announced in the Bank’s latest regional outlook, the forecast offers…
There is a major development in the Nigerian property market aimed at bolstering the country’s financial sector. The country’s president, Bola Ahmed Tinubu, recently signed the Nigerian Insurance Industry Reform Act of 2025 into law. This landmark legislation, which is intended to ensure consumer protection and drive economic growth, mandates that all public buildings must…
In a striking display of investor confidence, Burkina Faso has shown impressive investor confidence with the oversubscription of its latest Treasury Bill and Bond offering on the West African Economic and Monetary Union (WAEMU) Securities Market by 100%, raising CFAF 43.99 billion (€67 million) against an initial target of CFAF 40 billion. The feat underscores…
Senegal’s Prime Minister, Ousmane Sonko A new economic recovery plan to improve public finances and revive the country’s economy was introduced by Senegal’sgovernment on August 1. The Prime Minister, Sonko, launched the plan at the Grand Théâtre de Dakar. It is titled “Jubanti Komm,” a term in Wolof that means “straightening the community.” The plan, according…
Côte d’Ivoire’s economy continues to shine as a regional powerhouse, with a projected GDP growth of 6.6% in 2025, driven by impressive performance in the cocoa sector and strategic reforms, according to the IMF. As the world’s largest cocoa producer, the country is capitalising on high global cocoa prices to boost export revenues, with Fitch…
In a major move to empower its cocoa farmers, the Ghanaian government has announced a 62.6% increase in the producer price of cocoa, raising it from $3,100 to $5,040 per tonne for the 2025/2026 season. The new price, which will take effect from August 7, reflects President John Mahama’s commitment to ensure farmers receive at…
The Nigerian News Agency (NAN) reports that the country’s president, Bola Tinubu, on Tuesday evening, hosted billionaire industrialist, Alhaji Aliko Dangote, at the State House in Abuja for a private discussion. The details of the meeting remain undisclosed, but economists say it demonstrates the Nigerian government’s commitment to promoting private-sector-driven progress in the oil and gas industry….
Accra, Ghana, May 27, 2025 The Ghanaian cedi has witnessed an impressive turnaround from its sharp depreciation seen in recent years and marks an all-time high in percentage terms. The numbers tell a surprising story. The currency has clawed back significant ground against major world currencies. Fresh figures from the Bank of Ghana reveal the…
Abidjan, May 24, 2025 In a deal totalling 76.6 million US dollars, signed between Côte d’Ivoire and the Arab Bank for Economic Development in Africa (BADEA), the national airline Air Côte d’Ivoire will be acquiring two Airbus A330-900 Neo aircraft with a capacity of 242 seats to launch direct and regular long-haul flights from the country’s capital, Abidjan. The two Airbus A330-900neo are expected to connect…
The government of Burkina Faso has finalised the acquisition of the Tema Multi-Purpose Terminal hydrocarbon depot in Ghana for $70 million. This strategic investment aims to bolster the Burkinabè National Hydrocarbons Company (SONABHY) by increasing its fuel storage capacity and enhancing the country’s energy security. The move also aligns with the country’s need to diversify…
