bourrita addis abeba

Togo-Elections: Early Results Suggest the Winner is… Gnassingbé

The early results of the presidential elections in Togo held on Saturday show that incumbent President Faure Gnassingbe is poised to win with a comfortable majority. The National Independent Electoral Commission disclosed this Monday that, according to the partial official results, Faure Gnassingbe, leader of the ruling Union for the Republic Party, is in the […]

Moroccan Holmarcom group acquires majority stake in Kenyan insurance company

Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]

Tariff tensions trim Africa’s 2025 growth forecast, warns AfDB

Africa’s economic growth is expected to hit 3.9% in 2025, up from 3.3% in 2024, but still lower than previously projected, according to the African Development Bank (AfDB). In its latest African Economic Outlook report, released during its ongoing annual meeting in Côte d’Ivoire, the Bank downgraded its forecast by 0.2 percentage points, citing uncertainty […]