APO Group - Africa Newsroom / Press Releases Related to Africa

Source: International Monetary Fund (IMF) | Oct 13, 2025

World Cotton Day 2025: Transforming African cotton into sustainable trade

Across Africa’s cotton heartlands, farmers and artisans are navigating climate shocks, volatile prices and shifting global markets

On World Cotton Day 2025, held at FAO headquarters in Rome, Africa’s cotton producers and partners showcased how the sector is driving green growth, local value addition and sustainable trade, powering inclusive industrialization and climate-smart growth under the AfCFTA. Behind the progress is resilience. Across Africa’s cotton heartlands, farmers and…

Source: International Monetary Fund (IMF) | Oct 12, 2025

International Monetary Fund (IMF) Staff Completes Staff-Level Agreement on the Fourth Review of the Extended Credit Facility Arrangement for Somalia

Continued assistance from multilateral and bilateral partners remains crucial to support the authorities’ policy efforts, especially in light of the high uncertainty and significant downside risks

Somalia has maintained strong reform implementation and program performance. IMF staff and the Somali authorities have reached a staff-level agreement on the 4th review of Somalia’s Extended Credit Facility (ECF) arrangement. Somalia’s economy continues to show resilience, despite external headwinds, and the 2025-26 growth is expected to reach 3-3¼ percent.…

Source: International Monetary Fund (IMF) | Aug 27, 2025

International Monetary Fund (IMF) Staff Concludes Visit to Senegal

The team met with Mr. Cheikh Diba, Minister of Finance and Budget; Mr. Ahmadou Al Aminou Lo, State Minister, Minister to the President of the Republic; Mr. Boubacar Camara, Minister, Secretary General of the Government; and other senior government officials

A staff team from the International Monetary Fund (IMF), led by Mr. Edward Gemayel, visited Senegal from August 19-26, 2025, to discuss corrective measures following the Court of Auditors' report published on February 12, 2025. The mission engaged with the authorities on actions needed to address the misreporting case before…

Source: International Monetary Fund (IMF) | Jul 25, 2025

International Monetary Fund (IMF) Executive Board Concludes 2025 Article IV Consultation with Equatorial Guinea and IMF Management Approves the First and Second Reviews Under the Staff Monitored Program for Equatorial Guinea

Equatorial Guinea registered a mild economic recovery in 2024, growing by 0.9 percent following a strong contraction in 2023

The Executive Board of the International Monetary Fund (IMF) concluded today the 2025 Article IV consultation with Equatorial Guinea. IMF Management approved in June the combined first and second reviews under the Staff Monitored Program (SMP) and a 12 month SMP extension. Equatorial Guinea registered a mild economic recovery in…

Source: International Monetary Fund (IMF) | Jul 15, 2025

Mauritius' Economy Depends on Sustainable Public Finances

Fiscal sustainability relies on increasing revenues, reforming pensions, and spending more efficiently

The island of Mauritius was once the native habitat of the dodo—a striking, flightless bird that went extinct in the face of unsustainable hunting by sailors. Today, the dodo is a national symbol for the country, representing the importance of conservation and sustainability efforts. Economies are also shaped by human…

Source: International Monetary Fund (IMF) | Jul 10, 2025

Cabo Verde: International Monetary Fund (IMF) Executive Board Concludes the Sixth Review Under the Extended Credit Facility Arrangement and Approves the Requests for Extension and Augmentation of the Arrangement, and the Extension and Rephasing Under the Resilience and Sustainability Facility Arrangement

Cabo Verde’s economy continues to perform well, underpinned by tourism, robust export performance, and private consumption growth

The IMF Executive Board completed the sixth review under the Extended Credit Facility (ECF) arrangement and approved a fifteen-month extension and an augmentation equivalent to thirty percent of quota under the ECF arrangement. The Executive Board also approved a fifteen-month extension of the Resilience and Sustainability Facility (RSF) arrangement and…

Source: International Monetary Fund (IMF) | Jul 08, 2025

How to Stabilize Africa's Debt

Successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment

In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on and public debt ratios have stabilized on average. Our analytical note in the IMF’s latest Regional Economic Outlook for sub-Saharan Africa uses a…

Source: International Monetary Fund (IMF) | Jul 07, 2025

Kingdom of Lesotho: Staff Concluding Statement of the 2025 Article IV Mission

An International Monetary Fund (IMF) team led by Mr. Andrew Tiffin held meetings in Maseru with the authorities of Lesotho and other counterparts from the public and private sectors and civil society from June 4 to 17, 2025, as part of the 2025 Article IV consultation

Against a backdrop of low growth, high unemployment, and widespread poverty, Lesotho’s government-led growth model has long struggled to deliver on the authorities’ growth and development goals. Now, an additional set of external shocks has further clouded the outlook. From a modest peak of 2.6 percent in FY24/25, GDP growth…

Source: International Monetary Fund (IMF) | Jul 07, 2025

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Cameroon on the Third Review of Resilience and Sustainability Facility and Eighth Reviews of Extended Credit Facility and Extended Fund Facility

An International Monetary Fund (IMF) team, led by Ms. Cemile Sancak, Mission Chief for Cameroon, visited Yaoundé from April 30 to May 8 and held subsequent meetings

The IMF and the Cameroonian authorities have reached a staff-level agreement on the eighth reviews of the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF), and the third review of the Resilience and Sustainability Facility (RSF). Cameroon’s economy picked up slightly with real growth estimated at 3.5 percent…

Source: International Monetary Fund (IMF) | Jul 07, 2025

How Nigeria Can Unleash its Economic Potential

Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria’s progress

Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges. As discussed in our latest annual economic health check…

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