On 10 February, Alioune Gueye, the CEO of Senegal’s state-owned oil company Petrosen, said that the firm plans to launch a USD 100m onshore oil exploration project later this year. The planned project reflects Senegal’s growing efforts to boost the state’s control over the development of the oil and gas sector, in line with President …
Senegal: Debt Pressures Cast Shadow Over $100m State-Led Oil Ambitions Read More »
On 4 February, Nigerien Justice Minister Alio Daouda announced that Niger would take legal action against French state-owned mining company Orano due to environmental degradation. Faced with worsening fiscal constraints and a worsening terrorism threat, Gen. Abdourahamane Tiani, who took over the presidency after a coup d’état on 26 July 2023, will seek to woo …
Uranium Dispute with France Shapes Niger Junta’s Investment and Security Strategy Read More »
On 22 January, Rwandan Ambassador to the US Mathilde Mukantabana told US lawmakers that Rwanda engages in “security coordination” with the March 23 rebel group, which has occupied large territories in neighbouring Eastern DRC since January 2025. For decades, Rwanda has denied any collaboration with the M23 despite multiple reports by the UN and independent …
Rwanda/DRC conflict enters a new phase as Rwanda admits backing rebels Read More »
On 20 January, Kenyan Trade Minister Lee Kinyanjui announced that Kenya had concluded a preliminary duty-free trade agreement with China. The agreement, which is expected to pave the way for a bilateral treaty, grants 98% of Kenyan exports tariff-free access to Chinese markets. It underlines Kenya’s growing preference for economic cooperation with China, amid growing …
Kenya’s Geopolitical Tightrope: New China Trade Deal Tests US Relations Read More »
On 13 January, Prime Minister Ousmane Sonko publicly ruled out restructuring the nation’s debt, which the IMF places at 132% of GDP. Sonko’s stance against debt restructuring is at least partially driven by genuine concerns over its likely impact on the country’s reputation in the international financial markets. However, political considerations, especially the need to …
Between Populism and Default: Why Senegal’s Debt Restructuring is Inevitable Read More »
Uganda’s Ministry of Information has banned live broadcasts of “riots” ahead of the 15 January general elections, a move critics fear signals a broader crackdown. The government has restricted Starlink internet services and a pattern of violence against opposition figures is increasing, including the detention of veteran leader Kizza Besigye. President Yoweri Museveni, 81, is …
Cocoa prices broke $10,000 per ton for the first time in March, amid disease outbreaks and destructive weather patterns in West Africa. Cocoa futures were as high as $10,080 in New York at the close of the first quarter, having more than doubled this year – due to expectations of a shortage of cocoa beans, …
Cocoa prices hit records as West African yields decline Read More »
A visit to Ethiopia from the International Monetary Fund (IMF) ended without a deal last week, as Addis Ababa seeks a bailout to support the restructuring of billions of dollars’ worth of external debt. In December last year, Ethiopia failed to pay a $33m bond coupon and became Africa’s latest debt defaulters. Earlier in 2023, …
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