Morocco
The Casablanca Stock Exchange kicked off the week on a positive note, with the main index, MASI, rising by 1.56% to reach 18,745.31 points.
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Economy
Lesotho Declares State of Disaster Amid Uncertainty Over U.S. Tariffs
Economy
Ken Thompson Appointed as New Leader of ADB Bank
Economy
ECA Chief Urges Creation of Financial Tools Aligned with Africa’s Development Needs
Economy
MTN Uganda appoints Sylvia Elsheikh as New Chief Marketing Officer
Economy
Tiny Togo in the Shadow of Giants
Economy
Somali Government Launches Major Initiative to Reopen Roads and Alleviate Traffic in Mogadishu
Economy
Uganda Restores Access at Bunagana and Mupaka Border Crossings with DR Congo
Economy
“A Nation in Shock: Lesotho’s Textile Heart Stops Beating”
Reducing Poverty and Inequality in Africa
Economy
Africa’s Deep Inequality: Four Billionaires Wealthier Than 750 Million Citizens
Somalia’s Biihi Imaan Cige Named Africa’s Finance Minister of the Year 2025
Fire at Cairo Telecommunications Building Claims 4 Lives, Disrupts Internet and Phone Services
Three Gomba Officials Remanded Over Alleged Sale of Government Jobs
Ethiopia Faces Foreign Financing Threat After World Bank Classification Halt
Economy
dfcu Bank Sees Profit Boom, Doubles Dividend Payout in Strong 2024 Performance
Economy
Shoprite Uganda Hit with Court Order to Pay Shs 1.3 Billion in Unpaid VAT
Economy
Russian-Owned Digital Plates Company Fronted by Ugandans
Economy
Kenya Airways Restores Dreamliner to Active Service
Economy
MTN Splits Momo to Unlock New Fintech Potential
Economy
Fuel Prices for July–August Announced by EPRA
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Uganda
Uganda has unveiled a new project to empower 600 women groups nationwide through green enterprises such as renewable energy, agro-processing, and waste management. Backed by international partners, the initiative will provide training, funding, and market access to help women-led businesses grow sustainably. Leaders say the project is not only about empowering women but also driving inclusive economic growth and environmental protection.
South Africa
The South African rand held steady as traders awaited key inflation data and the central bank’s interest rate decision next week, both expected to shape market sentiment. A weaker U.S. dollar and rising jobless claims added global context to the rand’s cautious performance.
South Africa
Nedbank Group Ltd. has reached an agreement to sell its 21.2% stake in Ecobank Transnational Inc. for $100 million to Bosquet Investments, a company controlled by Alain Nkontchou, former chairman of Ecobank.
Uganda
BAT Uganda has reported a sharp decline in sales for the first half of 2025, with gross revenue falling by Shs 6.1 billion to Shs 33.5 billion and net revenue dropping 34% to Shs 18.4 billion. The company attributes the slump to illicit cigarette trade, high excise taxes, and weaker consumer demand. Despite these challenges, BAT Uganda maintained a profit before tax of Shs 5.4 billion, supported by cost reductions, though after-tax profit fell to Shs 3.8 billion. The company plans to focus on regulatory compliance, cost discipline, and collaboration with government agencies to stabilize sales.
Cameroon
Cameroon has authorized its finance minister to borrow $1.67 billion through domestic and international sources to fund development projects and clear government arrears. The funding will come from treasury bonds, domestic private lenders, and international banks. While the move aims to boost liquidity, support infrastructure, and maintain debt within CEMAC limits, analysts caution that effective use of the funds is crucial, as past borrowings have sometimes remained idle. Public debt currently stands at 43% of GDP, below the 70% CEMAC threshold, but the government has not yet specified which projects will benefit from the new borrowing.