Finance

Congo
The Treasury quietly reschedules its debts again

As the year draws to a close, Congo once more faces several repayment deadlines with its creditors. The Ministry of Finance, which has managed to reschedule almost €600m, is negotiating further deferrals.

Ethiopia
Addis Ababa puts finishing touches to its carbon credit strategy

Ethiopia will introduce legislation in early 2026 to tap into the promising carbon offset market. Discussions are underway between the government and foreign partners.

Somalia
AU draws almost total blank on Somali mission

After heading to the UN General Assembly in the hope of raising $190m, the pan-African body only received a modest pledge from the British. Doubt is still hanging over AUSSOM.

The New Guard
Nigeria, Kenya, South Africa

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

NigeriaFinancier Farouk Gumel lends his services to Botswana

KenyaRosemary Nyawira Muchangi promotes youth in mining

South AfricaFaith Sebopela, regional leader of an ANC youth league under reconstruction

East Africa
IGAD's finances in the red

Employees of the Intergovernmental Authority on Development have not been paid since the the end of last year. This is because most of the organisation's member states have not paid their annual dues.

Nigeria
The background to Lagos' upcoming $144m debt issue

Nigeria's economic capital is preparing for an imminent fundraising drive on the markets. Some 20 financial institutions are working to attract new investors.

West Africa
Orabank's recapitalisation rejected by the BCEAO

The West African Development Bank's Orabank rescue plan has been rejected by the Central Bank of West African States, which is refusing to let the BOAD finance the group's recovery.

Africa
Latest comings and goings at top of African Development Bank

Mamo Mihretu is expected to replace Beth Dunford as vice president at the AfDB, while Sidi Ould Tah has received approval from the board of directors for the appointment of his chief of staff.

Africa
The AfDB counts on Africa Investment Forum to reel in Gulf states

The AfDB's investment platform will begin a tour of several Gulf states in the next few days. It is hoping to find new investors.

Africa
Sidi Ould Tah has his work cut out at helm of AfDB

No sooner had Mauritanian Sidi Ould Tah taken up his post as head of the African Development Bank than he was faced with a real pile of sensitive issues: managing the liabilities left by his predecessor and the thorny task of recapitalising the concessional window.

Togo
New development in the Union Togolaise de Banque affair

The Union Togolaise de Banque has successfully obtained a temporary suspension of an order to pay €3.8m to Tele Mobil International.