Month: February 2025

  Growth rates above 5 percent expected in close to half of the continent’s countries in 2025; 12 of world’s 20 fastest growing economies will be African Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report released by the African Development Bank (www.AfDB.org/en) on Friday. The report, unveiled on the sidelines of the 38th Ordinary […]

 As the Republic of Congo endeavors to boost its oil production to 500,000 barrels per day (bpd) by 2027 and expedite gas exploration and production, the Ministry of Hydrocarbons is simultaneously prioritizing the modernization of downstream infrastructure to address energy insecurity. With new regulatory measures, large-scale infrastructure projects and a strong push toward sustainability, the country has seen an influx of international investment, thereby strengthening Congo’s momentum toward ambitious reforms […]

 President John Dramani Mahama has urged African nations to enhance domestic resource mobilisation to reduce reliance on external funding and to foster sustainable economic growth. Speaking at a “Heads of State and Government Breakfast Dialogue” during the African Union (AU) Summit, Mahama emphasised the continent’s resilience in the face of ongoing challenges, forecasting a growth recovery of 3.7 per cent in 2024 and 4.03 per cent in 2025. “This optimistic […]

 The UN World Food Programme (WFP) has condemned the looting of thousands of tonnes of relief supplies in the city of Bukavu in the eastern Democratic Republic of the Congo (DRC), after Rwanda-backed M23 rebels swept in at the weekend, reportedly meeting little resistance In an online message on Monday, the WFP said that it “condemns the pillage of its warehouses in Bukavu in South Kivu…the food supplies kept there were meant […]