The article highlights Nigeria’s recent achievements in the oil sector, including the takeover of the Port Harcourt refinery and the reforms that have been put in place. The leadership of Mele Kyari of NNPC Ltd is commended for his contribution to these achievements. The Civil Society Organisations Forum stresses the importance of continuing reforms to enhance national self-reliance. These advances are seen as significant steps towards a more efficient and sustainable oil industry, thanks to inspiring leadership and sustained efforts.
Category: Economy
The Democratic Republic of Congo is preparing for legislative and provincial elections with a massive deployment of electoral materials in the Masi-Manimba region. The Independent National Electoral Commission has taken measures to ensure transparent and orderly elections, calling for accountability from all actors involved. Authorities insist on respect for electoral rules to ensure a peaceful and legitimate democratic process.
The Senate of the Democratic Republic of Congo has unanimously adopted a budget for the 2025 fiscal year, introducing a significant increase of more than 418 billion Congolese francs compared to the initial budget of the National Assembly. This decision has created heated debates within the Parliament, leading to the establishment of a joint committee to find a consensus. The discussions focus on the harmonization of revenues, expenditures, and the equitable distribution of funds, including the 40% allocated to the provinces. The stakes of this meeting are crucial to ensure the financial stability of the country. The final version of the 2025 budget will be submitted to the President of the Republic for promulgation, and the decisions taken will directly impact the lives of Congolese citizens.
The Senate unanimously passed the 2025 budget proposal, sparking debate over increased government spending. Differences emerged over revenue management and the distribution of funds to the provinces. The Joint Committee will play a key role in harmonizing the views of the two chambers. Transparency and consultation are essential for sound and effective financial management, underlining the commitment of parliamentarians to the country’s sustainable development.
The electoral campaign in Masi-Manimba was intense, highlighting the crucial issues of local development. Candidates focused on improving infrastructure, particularly roads and electricity, to stimulate the regional economy. Residents expect elected officials to take concrete action to boost agriculture and improve living conditions. The future of Masi-Manimba rests in the hands of voters, who will have the power to choose representatives committed to the progress and prosperity of the region.
The adoption of the 2025 Finance Bill by the Senate marks a decisive step for the country’s economy. The text, voted by a clear majority, was preceded by a debate highlighting key points such as the distribution of resources and the retrocession of revenues to the provinces. Adjustments were made following comments on the expenditure forecasts, the taxation of mineral water, and the management of resources in the mining code. With an overall increase, the project reflects the challenges facing the country. A joint committee was set up to harmonize the views of the Senate and the National Assembly, before promulgation by the President. This adoption reflects the commitment to transparent and efficient management of public finances, for the good of the nation and its citizens.
The Kabambare Territory region of Maniema province in the DRC is the scene of violent clashes between the Babuyu and Yakutumba militias. Residents are caught in the middle of the fighting, forcing many villagers to flee. MP Todis Emedi Amuri warns of the seriousness of the situation and calls for intervention to protect civilians. The Minister of the Interior of Maniema announces measures to restore order and protect the population. Resolving the crisis requires urgent and coordinated action to ensure the safety of civilians and build a peaceful future for the DRC.
In 2025, Africa is emerging as a growing continent, with 44 out of 54 countries posting rising growth rates. Financial conditions are improving, inflation is falling, foreign investment is increasing, and the services and manufacturing sectors are doing well. Driven by global trade and intra-regional exchanges, the African economy is thriving, offering new investment opportunities. Countries such as Senegal, Rwanda and Ethiopia stand out for their dynamism and attractiveness to investors. Africa is thus demonstrating its ability to bounce back and seize growth opportunities, suggesting a bright future based on innovation, creativity and entrepreneurship.
The recent report by the NGO Amnesty International highlights possible crimes against humanity committed during the Goma massacre in the DRC. Allegations against some army officers highlight the need for a thorough investigation to bring justice to the victims. President Tshisekedi’s State of the Nation address addresses the country’s challenges and progress, including the proposed constitutional reform. Operation “Ndobo” against urban banditry in Kinshasa aims to restore security. These events highlight the challenges of justice, governance and security in the DRC, calling for concrete measures to ensure the protection of populations and the accountability of perpetrators.
During the handover of power at Matignon on December 13, 2024, François Bayrou spoke in a context marked by the downgrading of France’s rating by Moody’s. This decision highlights the financial and political challenges facing the country, including growing public debt and worrying deficit forecasts. François Bayrou has committed to transparent and rigorous management of this colossal debt. His proactive speech suggests major challenges to be met, but demonstrates a desire to address these issues responsibly. The issue of debt and deficits remains crucial and requires a realistic and proactive approach to ensure sound financial management.