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📈 Business & Macro
- 🇰🇪 Kenya’s Economy Expands 4.9% in Q1 2025
Kenya maintained steady growth in the first quarter, with agriculture leading at 6.0% year-on-year, driven by favorable weather and increased output in milk, coffee, and horticulture. - 🇳🇬 IMF Urges Nigeria to Revise 2025 Budget
The International Monetary Fund warned Nigeria to lower its $75/barrel oil benchmark, citing falling global prices and production shortfalls. The IMF projects a 4.7% fiscal deficit unless adjustments are made.
⚡ Climate & Energy
- 🇿🇼 Zimbabwe Suffers Nationwide Blackout
A system failure at Kariba and Hwange power stations triggered a countrywide outage on 3 July, compounded by disrupted imports from South Africa, Zambia, and Mozambique. Restoration efforts are ongoing. - 🇰🇪 KETRACO Doubles Transmission Revenue
Kenya’s electricity transmission firm KETRACO reported a 75.6% revenue surge to $40 million in FY2023/24, reflecting expanded grid operations and improved fee collection.
🏛️ Geopolitics & Policy
- 🇲🇱 Goïta Granted Indefinite Presidential Term
Mali’s transitional parliament approved a renewable five-year term for Assimi Goïta, with no election timeline. The move consolidates military rule amid delayed democratic transition. - 🇸🇸 US Supreme Court Approves Deportations to South Sudan
The court cleared the Trump administration to deport eight convicted migrants from Djibouti to South Sudan, despite human rights concerns and lack of ties to the country. - 🇨🇲 Cameroon Ministers Enter Presidential Race
Former ministers Issa Tchiroma Bakary and Bello Bouba Maïgari declared candidacies for the October 2025 election, challenging President Paul Biya’s 43-year rule amid growing uncertainty over his re-election plans.
🚗 Tech & Deals
- 🇳🇬 Moove Eyes $1.2B for US Autonomous Fleet
Nigerian-founded mobility startup Moove is finalizing a $1.2 billion debt round to deploy Waymo-powered self-driving vehicles in the US. The oversubscribed round marks a major global expansion. - 🌍 British International Investment Commits $1.49B to Africa
The UK’s development finance institution BII invested $1.49 billion in African companies in 2024—a 50% increase from 2023—supporting infrastructure, fintech, and climate resilience projects.
Sources:
Kenya’s Q1 Growth Report – KNBS, IMF Nigeria Budget Warning, Zimbabwe Power Outage Coverage
KETRACO Revenue Report, Mali Parliament Decision, US Supreme Court Deportation Ruling
Cameroon Election Developments, Moove Funding Round Details
