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US warns of ‘imminent military offensive’ in Darfur

El-Fasher stood as the last Darfur state capital beyond the control of the RSF, serving as a vital humanitarian hub and providing sanctuary for a substantial number of refugees…reports Asian Lite News

The United States has issued a grave warning concerning the escalating tensions in the Sudanese city of El-Fasher, highlighting the potential for a rebel military offensive.

This development marks a significant shift in the dynamics of the country’s civil war, with El-Fasher emerging as a focal point of conflict, according to AFP report.

Over the past year, clashes between the armed forces led by Gen. Abdel Fattah Al-Burhan and the paramilitary groups under the command of Gen. Mohammed Hamdan Dagalo, known as the Rapid Support Forces (RSF), have resulted in widespread displacement throughout Sudan.

Until recently, El-Fasher stood as the last Darfur state capital beyond the control of the RSF, serving as a vital humanitarian hub and providing sanctuary for a substantial number of refugees.

However, the situation took a drastic turn in mid-April, with reports of bombardments and clashes surfacing in the city and its surrounding areas.

The US State Department has urgently called for all armed factions in Sudan to immediately halt their attacks on El-Fasher, expressing deep concern over the looming threat posed by the RSF and its affiliated militias.

In the wake of relentless shelling and airstrikes, a pro-democracy lawyers’ committee revealed alarming casualties, with at least 25 civilians reported killed in recent days.

Moreover, clashes in the eastern and northern sectors of the city have forced an estimated 36,000 individuals to flee, as documented by the UN’s Office for the Coordination of Humanitarian Affairs.

As the conflict enters its second year, both the UN and the US have sounded the alarm over the fragile peace in El-Fasher, emphasizing the catastrophic consequences of its breakdown.

El-Fasher holds paramount importance as the primary humanitarian nexus in the expansive western region of Darfur, which is home to approximately a quarter of Sudan’s 48 million inhabitants.

Throughout this and previous conflicts, Darfur has been plagued by appalling violence, further underscoring the urgency of stabilizing El-Fasher.

The State Department has condemned the reported destruction of villages west of the city by the RSF and its affiliates, while also denouncing the indiscriminate aerial bombings carried out by Sudan’s armed forces in the region.

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US to Negotiate Troop Withdrawal from Niger Amid Military Leadership Talks

The US State Department has announced that talks on a possible withdrawal would begin this week and next week in the capital Niamey…reports Asian Lite News

 The US is preparing to negotiate with the military leadership in Niger about the “organized and responsible withdrawal” of its troops from the country.

More than 1,000 US soldiers are stationed there, according to data from last year.

The US State Department has announced that talks on a possible withdrawal would begin this week and next week in the capital Niamey.

Discussions with the military junta, ongoing since July 2023, have failed to settle on a form of security cooperation that can meet the needs and concerns of both sides, the State Department said in a statement on Wednesday.

Niger was a hub for the US military’s counter-terrorism operations in the Sahel region, but Washington’s withdrawal comes in response to a demand by the military leadership which seized power in July 2023.

The junta cancelled a military cooperation agreement with the US in March, and spokesman Amadou Abdramane justified the termination with reference to “condescending behaviour” and an alleged threat of reprisals by a US delegation.

US media have already reported on the withdrawal plans and on Thursday, the New York Times said the Pentagon will also withdraw dozens of US special forces from neighbouring Chad in the days ahead.

Before the military took power, Niger was seen as a close ally in the fight against terrorism and illegal migration to Europe and a last democratic partner to the EU and US in the region.

The transition triggered a serious diplomatic crisis in the region, and neighbouring Mali and Burkina Faso have also pivoted away from the West towards Russia. Moscow sent Niger an air defence system and 100 military trainers at the start of the month.

ALSO READ-Niger Breaks Off Military Deal With US

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UAE, Kenya ink mining, tech investment deal

The Memorandum of Understanding has set the stage for investment collaboration in mining and technology sectors between UAE and Kenya….reports Asian Lite News

The United Arab Emirates and Kenya have signed an investment memorandum of understanding, setting the stage for investment collaboration in mining and technology sectors.

Simultaneously, ADQ, the Abu Dhabi-based investment and holding company, announced a finance framework agreement with Kenya’s ministry, facilitating investments in priority sectors of the Kenyan economy, with a potential investment sum of up to US$500 million.

Kenya’s mining sector boasts significant growth potential owing to its abundant reserves of gold, copper, ilmenite, tantalum, and various non-metallic minerals.

The advancement of this industry can substantially strengthen Kenya’s economy by generating employment opportunities, improving livelihoods, and positioning the nation as a prominent mining participant in Africa.

Known as the “Silicon Savannah”, Kenya is also the dominant economy in East Africa, contributing to more than 40 percent of the region’s GDP.

The MoU focuses on mineral exploration, mine development, mineral processing, refining, and mineral marketing in Kenya. One of the key objectives is to explore opportunities for technology transfer in Kenya’s mineral sector, that would support innovation and growth.

The two countries will also assess avenues for collaboration in promoting responsible stewardship of the mineral sector, with a strong emphasis on environmental, social, and governance practices, in addition to exploring avenues for collaboration in research and development within the designated sectors.

Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, said: “This Memorandum of Understanding marks a new chapter in the shared economic journey of the UAE and Kenya. Through this partnership, we are laying down the foundation for a future where sustainable mining practices, innovation, and responsible stewardship form the pillars of our mutual growth.”

“We are committed to leveraging technology to enhance capacities and establish robust governance practices that will not only propel the mineral sector but also ensure overall prosperity of our nations.”

The MoU and agreement have been signed on the heels of a bilateral investment cooperation signed to advance Kenya’s digital infrastructure sector, which was signed last month.

Meanwhile, ADQ, an Abu Dhabi-based investment and holding company, agreed to establish a finance and investment framework with the National Treasury and Economic Planning Ministry of the Republic of Kenya to explore intended investments of up to US$500 million in priority sectors of the East African country’s highly diversified economy.

The agreement aims to explore and leverage investment opportunities in Kenya to promote the growth and development of its national economy, which is the largest in the East Africa region and is projected to achieve growth between 5 and 6 percent in 2024.

Earlier this year, the two countries concluded a Comprehensive Economic Partnership Agreement (CEPA) that will enable the trading partners to capitalise on mutual opportunities in sectors including food production, mining, technology and logistics.

Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer of ADQ, said: “This agreement not only strengthens the robust economic ties between the UAE and Kenya but also underscores ADQ’s commitment to developing partnerships in key markets that complement our investment strategy, allowing other nations to benefit from the considerable and diverse expertise within our portfolio.”

“We are confident that our investment will bring forth notable opportunities that will unlock tangible value and contribute to the economic growth of Kenya and the broader East African region, harnessing its vast potential for development.”

Kenya is among East Africa’s most dynamic economies and was one of the first African countries with which the UAE initiated bilateral trade deal talks in 2022. In 2023, non-oil trade between the UAE and Kenya rose by 26.4 percent year-on-year to $3.1 billion.

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‘Sudan’s war fueled by weapons from foreign supporters’

The Rapid Support Forces’ leader, Dagalo, has reportedly received support from Russia’s Wagner mercenary group…reports Asian Lite News

The year-old war in Sudan between rival generals vying for power has sparked “a crisis of epic proportions” fueled by weapons from foreign supporters who continue to flout UN sanctions aimed at helping end the conflict, the UN political chief said Friday.

“This is illegal, it is immoral, and it must stop,” Undersecretary-General Rosemary DiCarlo told the UN Security Council.

Sudan plunged into chaos in mid-April 2023, when long-simmering tensions between its military, led by Gen. Abdel Fattah Burhan, and the Rapid Support Forces paramilitary commanded by Mohammed Hamdan Dagalo broke out into street battles in the capital, Khartoum. Fighting has spread to other parts of the country, especially urban areas and the western Darfur region.

DiCarlo painted a dire picture of the war’s impact — over 14,000 dead, tens of thousands wounded, looming famine with 25 million people in need of life-saving assistance, and over 8.6 million forced to flee their homes.

Mohamed Ibn Chambas, chair of the African Union panel on Sudan and high representative for its Silence the Guns in Africa initiative, called external interference “a major factor compounding both the efforts to negotiate a ceasefire and to stop the war.”

“As a matter of fact, external support in terms of supply of war materiel and other needs has been the main reason why this war has lasted so long,” Chambas said. “It is the elephant in the room.”

Neither DiCarlo nor Chambas named any of the foreign supporters.

But Burhan, who led a military takeover of Sudan in 2021, is a close ally of neighboring Egypt and its president, former army chief Abdel-Fattah El-Sisi. In February, Sudan’s foreign minister held talks in Tehran with his Iranian counterpart amid unconfirmed reports of drone purchases for government forces.

The Rapid Support Forces’ leader, Dagalo, has reportedly received support from Russia’s Wagner mercenary group. UN experts said in a recent report that the RSF has also received support from Arab allied communities and new military supply lines running through Chad, Libya and South Sudan.

The Arab-dominated RSF has carried out brutal attacks in Darfur on ethnic African civilians, especially the ethnic Masalit, and has taken control of most of the vast region.

Its newest target appears to be El Fasher, the capital of North Darfur. Edem Wosornu, the UN humanitarian office’s director of operations, said RSF-affiliated militias attacked and burned villages west of El Fasher on April 13.

“Since then, there have been continuing reports of clashes in the eastern and northern parts of the city, resulting in more than 36,000 people displaced,” she told the council.

Wosornu warned that “the violence poses an extreme and immediate danger to the 800,000 civilians who reside in El Fasher, and it risks triggering further violence in other parts of Darfur — where more than 9 million people are in dire need of humanitarian assistance.”

Two decades ago, Darfur became synonymous with genocide and war crimes, particularly by the notorious Janjaweed Arab militias, against populations that identify as Central or East African.

That legacy appears to have returned, with the International Criminal Court’s prosecutor, Karim Khan, saying in late January there are grounds to believe both sides may be committing war crimes, crimes against humanity or genocide in Darfur.

The RSF was formed from Janjaweed fighters by former Sudanese President Omar Al-Bashir, who ruled the country for three decades before being overthrown during a popular uprising in 2019. He is wanted by the International Criminal Court on charges of genocide and other crimes during the conflict in Darfur in the 2000s.

DiCarlo called for redoubled efforts to bring peace, saying UN Secretary-General Antonio Guterres’ personal envoy for Sudan, Ramtane Lamamra, has proposed convening a meeting with African and Arab organizations and key countries “to develop a comprehensive mediation and peacemaking strategy.”

Chambas said the AU is appealing to countries in the region not to support either side.

It is also organizing “an all inclusive political dialogue for Sudanese that will prepare the civilians for post-war transition to democratic governance,” he said.

“The war has set the country back several decades and it will take more than a generation to rebuild Sudan to its pre-war state,” Chambas said.

Earlier, German Foreign Minister Annalena Baerbock and her French counterpart Stéphane Séjourné have called on the international community to provide urgent support for Sudan at the start of an aid conference on the northeast African country in Paris.

One year after civil war erupted in the country, the Sudanese had become victims of being forgetten, in addition to being victims of displacement and hunger, Séjourné said. “Today we are placing a forgotten crisis on the agenda,” she added.

Baerbock pledged a sum of €244 million ($260 million) to Sudan and its neighbours in addition to earlier funding. She called on all countries attending the donor conference “to likewise make a contribution.” Together, a dreadful catastrophe could be avoided, she said.

“The largest refugee crisis in the world” was being played out “before our eyes,” Baerbock said. Refugee camps in southern Sudan were overflowing, with fresh arrivals every day who could not be provided for.

Food, drinking water, baby food, medicines, clothing, schooling, accommodation and “above all psychological counselling” were all in short supply, she said.

ALSO READ-UAE pledges $100m to support Sudanese people

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UK returns looted Ghana artefacts on loan after 150 years

Nigeria is also negotiating the return of thousands of 16th to 18th-century metal objects looted from the ancient kingdom of Benin and currently held by museums and art collectors across the United States and Europe…reports Asian Lite News

The United Kingdom has returned 32 gold and silver treasures stolen from the Asante Kingdom more than 150 years ago in what is today’s Ghana on a six-year loan, Ghanaian negotiators have said.

The artefacts, comprising 15 items from the British Museum and 17 from the Victoria and Albert Museum (V&A), were looted from the court of the Asante king during the turbulent 19th-century clashes between the British and the Asante people.

Ghanaian authorities have for years tried to reclaim gold treasures looted by British soldiers from the Asante kingdom, which is also known as Ashanti.

The accord will see the relics, including gold and silver regalia associated with the Asante Royal Court, showcased at the Manhyia Palace Museum in Kumasi, the capital of the Ashanti region, as part of the yearlong celebration honouring the king’s silver jubilee.

Ivor Agyeman-Duah, the chief negotiator, confirmed the items’ return, telling the AFP news agency on Saturday that they were given to the palace on loan.

It comes as international momentum and campaigning has grown for museums and institutions to have African artefacts returned from former colonial powers.

Nigeria is also negotiating the return of thousands of 16th to 18th-century metal objects looted from the ancient kingdom of Benin and currently held by museums and art collectors across the United States and Europe.

Two years ago, Benin received two dozen treasures and artworks stolen in 1892 by French colonial forces during the sacking of the royal Palace of Abomey.

“These cherished artefacts, which hold immense cultural and spiritual significance for the Ashanti people, are here as part of a loan agreement for an initial three years and renewable for another three,” Agyeman-Duah said.

“It marks a significant moment in our efforts to reclaim and preserve our heritage, fostering a renewed sense of pride and connection to our rich history,” he added, noting that the exhibition will be held from May 1.

The returned items include a 300-year-old Mponponso sword used in swearing-in ceremonies.

A gold peace pipe and gold discs worn by officials responsible for cleansing the king’s soul are also among 17 items the V&A plans to lend to the Ghanaian museum.

Objects selected from the British Museum consist mainly of royal regalia looted from the palace in Kumasi during the Anglo-Asante wars. The items will be loaned under two separate three-year agreements.

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UAE pledges $100m to support Sudanese people

The conference was attended by several countries as well as international and regional organisations aiming to further advance peace initiatives in Sudan….reports Asian Lite News

Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, participated in meetings during the International Humanitarian Conference for Sudan, held in Paris, which was co-organised by France, Germany and the European Union.

The conference was attended by several countries as well as international and regional organisations aiming to further advance peace initiatives in Sudan.

During the conference, Sheikh Shakhboot affirmed the UAE’s commitment to support international endeavours aimed at achieving a permanent and immediate ceasefire, finding a peaceful solution to the crisis, and continuing to provide aid to the Sudanese people. In this regard, the UAE pledged US$100 million to support humanitarian efforts in Sudan and its neighbouring countries.

The high-level meetings addressed initiatives aiming to establish peace in Sudan, and ways to strengthen them. The meetings culminated in the adoption of a document outlining the principles that support resolving the conflict, which has been ongoing since April 2023, in addition to reinforcing humanitarian and diplomatic efforts to address the challenges faced by the Sudanese people.

sudan crisis (https://twitter.com/UNOCHA_Sudan)

In a speech, Sheikh Shakhboot bin Nahyan commended the extensive efforts of the UAE which aim to put an end to the crisis that has inflicted severe suffering on the Sudanese people.

The UAE also called for a return to the political process in Sudan, and affirmed the importance of international and regional collaboration to advance endeavours towards achieving an immediate and permanent ceasefire, and ensuring the unhindered delivery of humanitarian aid.

Sheikh Shakhboot emphasised the UAE’s efforts and the tangible initiatives the country has provided to mitigate the severity of the humanitarian conditions in Sudan and neighbouring countries, as the total amount of relief aid provided to those affected by the conflict has reached $150 million, including medical, food and relief supplies.

Additionally, the UAE has established a comprehensive field hospital in Abéché city, in the Republic of Chad, with a cost of $20 million, the second hospital opened by the UAE to support Sudanese refugees.

He emphasised that the UAE’s aid to Sudan and neighbouring countries reflects the unwavering commitment of the wise leadership to provide humanitarian and relief support to the brotherly Sudanese people, and keenness to address humanitarian challenges and continuously extend assistance and humanitarian support to Sudan.

Sheikh Shakhboot bin Nahyan additionally reaffirmed the UAE’s position calling for an immediate and permanent ceasefire, and the reaching of a peaceful solution for the crisis by returning to the political process, stressing that this requires prioritising wisdom and reason.

The UAE also called for joint efforts and collaboration to facilitate the ending of the conflict and a resolution to the crisis, to enhance the security and stability of Sudan and prevent further loss of life, while meeting the aspirations of the brotherly Sudanese people for development and prosperity.

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Kenya proposes treaty to defuse Ethiopia-Somalia tensions


Ethiopia, landlocked, agreed on January 1st to lease 20 km (12 miles) of Somaliland’s coastline, an autonomous region within Somalia, possibly signaling recognition in exchange….reports Asian Lite News

Kenya has proposed a regional maritime treaty to defuse tensions between Ethiopia and Somalia over a deal allowing Ethiopia to set up a naval base and giving it port access in Somalia’s breakaway region of Somaliland, a top Kenyan official said on Thursday.

Landlocked Ethiopia agreed on Jan. 1 to lease 20 km (12 miles) of coastline in Somaliland, a part of Somalia which claims independence and has had effective autonomy since 1991, offering possible recognition of Somaliland in exchange.

That prompted a defiant response from Somalia and fueled concern the deal could further destabilize the Horn of Africa region.

The treaty Kenya is proposing in consultation with Djibouti and regional bloc IGAD would govern how landlocked states in the region can access ports on commercial terms, Korir Sing’oei, Kenya’s principal secretary for foreign affairs, told Reuters.

“IGAD can be able to formulate a treaty for sharing maritime resources,” he said, referring to the bloc which brings together countries in the region.

On Thursday Somalia’s President Hassan Sheikh Mohamud held a meeting with his Kenyan counterpart William Ruto in the Kenyan capital as part of efforts to find a diplomatic solution to the dispute.

“We continue to engage with all the parties with a view to ensuring that at the end of the day the region is left all stable,” Sing’oei said.

If accepted, Nairobi’s solution would offer Ethiopia “stable and predictable access to maritime resources” so it can carry out its business unhindered, while also respecting Somalia’s territorial integrity, he added.

Somalia and Ethiopia are considering the proposal, he said, and their leaders have been asked to consider meeting to take the process forward.

Sing’oei said time was of the essence since Al-Shabab militants in Somalia were using the dispute to portray the government in Mogadishu as being unable to protect Somalia’s sovereignty.

ALSO READ: Sudan prosecutors accuse ex-PM Hamdok of ‘inciting war’

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‘Sudan conflict claims thousands of civilian lives’

Monday, April 15, marks the widespread conflict’s first anniversary….reports Asian Lite News

The UN Fact-Finding Mission in Sudan reports that nearly a year of fighting in the country has left thousands of civilians dead and millions more displaced, a UN spokesman said on Thursday.

“It said that fighting between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) has killed thousands of civilians since it began in April last year,” said Stephane Dujarric, chief spokesman for UN Secretary-General Antonio Guterres.

“Over 6 million people have been displaced internally, while almost 2 million refugees have fled to neighboring countries. Nearly 24 million people need aid,” said the spokesman.

Monday, April 15, marks the widespread conflict’s first anniversary.

Dujarric said France, Germany and the European Union will co-host a Humanitarian Conference for Sudan and its Neighbors in Paris on Monday.

He said Assistant Secretary-General for Humanitarian Affairs Joyce Msuya will attend alongside other UN officials and advocate for scaled-up resources to expand aid operations in Sudan and the region. She will also advocate for improved humanitarian access so that agencies can ensure the timely delivery of life-saving supplies to communities in need.

The spokesman said the secretary-general will have a video message for the conference.

Sudan has been engulfed in violent clashes between the SAF and the RSF since April 15, 2023. The violence has killed thousands of civilians, displaced millions more, and destroyed much of the country’s infrastructure, especially in the capital of Khartoum.

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Gabon asks Ivory Coast for help to lift AU sanctions

Gabon was suspended from the African Union on August 31 after Nguema overthrew president Ali Bongo, whose family had been in power for 55 years…reports Asian Lite News

Gabon’s transitional president on Thursday asked his Ivory Coast counterpart for help in getting African Union sanctions lifted, during a meeting in Abidjan.

General Brice Oligui Nguema, who came to power in a coup last August, met Ivory Coast’s President Alassane Ouattara during a visit to the country for “work and friendship” from Thursday to Saturday.

“I am asking for the support of my elder here to plead in favor of lifting of the African Union sanctions against Gabon, and I know I can count on you,” the general said, addressing the Ivorian president.

Gabon was suspended from the African Union on August 31 after Nguema overthrew president Ali Bongo, whose family had been in power for 55 years.

He pledged to hand back the oil-rich central African country to civilian rule after a two-year transitional period.

The Economic Community of Central African States (ECCAS), which had also suspended Gabon over the coup, reinstated it in March.

Thursday’s meeting came after Gabon earlier this month launched a national dialogue intended to pave the way for elections in 2025.

In a joint statement to the press, the general said that he had given Ouattara an “update and report” on the “progress of the current dialogue in Libreville.”

He also thanked Ouattara for his “involvement” and “constant willingness to support and accompany the transition process on Gabonese soil.”

For his part, Ouattara told reporters that the meeting led to “fruitful exchanges.”

Ouattara praised Nguema for “the efforts you are making to return to constitutional normality” and for convening an “inclusive national dialogue.”

Gabon’s transitional president also plans to hold talks with the Gabonese diaspora during his visit.

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‘African economies to grow 3.4% in 2024’

According to the World Bank report, growth in the region is expected to rebound in 2024, rising from a low of 2.6 percent in 2023 to 3.4 percent in 2024, and 3.8 percent in 2025…reports Asian Lite News

Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa, but the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, according to World Bank’s latest Africa’s Pulse report.

The multinational bank suggested transformative policies were needed to address deep-rooted inequality to sustain long-term growth and effectively reduce poverty.

According to the World Bank report, growth in the region is expected to rebound in 2024, rising from a low of 2.6 percent in 2023 to 3.4 percent in 2024, and 3.8 percent in 2025.

However, this recovery remains tenuous, it asserted.

While inflation is cooling across most economies, falling from a median of 7.1 to 5.1 percent in 2024, it remains high compared to pre-COVID-19 pandemic levels.

Additionally, while growth of public debt is slowing, more than half of African governments grapple with external liquidity problems, and face unsustainable debt burdens.

Overall, the report underscored that despite the projected boost in growth, the pace of economic expansion in the region remained below the growth rate of the previous decade (2000-2014) and is insufficient to have a significant effect on poverty reduction.

Moreover, due to multiple factors including structural inequality, economic growth reduces poverty in Sub-Saharan Africa less than in other regions.

“Per capita GDP growth of 1 percent is associated with a reduction in the extreme poverty rate of only about 1 percent in the region, compared to 2.5 percent on average in the rest of the world,” said Andrew Dabalen, World Bank Chief Economist for Africa.

“In a context of constrained government budgets, faster poverty reduction will not be achieved through fiscal policy alone. It needs to be supported by policies that expand the productive capacity of the private sector to create more and better jobs for all segments of society.”

The World Bank’s Africa’s Pulse report called for several policy actions to foster stronger and more equitable growth. These include restoring macro-economic stability, promoting inter-generational mobility, supporting market access, and ensuring that fiscal policies do not overburden the poor.

Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday.

Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. This is higher than projected global averages of 2.9% and 3.2%, the report said.

The continent is set to remain the second-fastest-growing region after Asia.

The top 11 African countries projected to experience strong economic performance forecast are Niger (11.2%), Senegal (8.2%), Libya (7.9%), Rwanda (7.2%), Cote d’Ivoire (6.8%), Ethiopia (6.7%), Benin (6.4%), Djibouti (6.2%), Tanzania (6.1%), Togo (6%), and Uganda at 6%.

“Despite the challenging global and regional economic environment, 15 African countries have posted output expansions of more than 5%,” Bank Group President Dr Akinwumi Adesina said, calling for larger pools of financing and several policy interventions to further boost Africa’s growth.

Africa’s Macroeconomic Performance and Outlook, a biannual publication released in the first and third quarters of each year, complements the existing African Economic Outlook (AEO), which focuses on key emerging policy issues relevant to the continent’s development.

The MEO report provides an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments.

The latest report is calling for cautious optimism given the challenges posed by global and regional risks. These risks include rising geopolitical tensions, increased regional conflicts, and political instability—all of which could disrupt trade and investment flows, and perpetuate inflationary pressures.

President Adesina emphasised that fiscal deficits have improved, as faster-than-expected recovery from the pandemic helped shore up revenue.

He explained further: “This has led to a stabilisation of the average fiscal deficit at 4.9% in 2023, like 2022, but significantly less than the 6.9% average fiscal deficit of 2020. The stabilisation is also due to the fiscal consolidation measures, especially in countries with elevated risks of debt distress.”

He cautioned that with the global economy mired in uncertainty, the fiscal positions of the African continent will continue to be vulnerable to global shocks.

The report shows that the medium-term growth outlook for the continent’s five regions is slowly improving, a pointer to the continued resilience of Africa’s economies.

Presenting the key findings of the report, the African Development Bank’s Chief Economist and Vice President, Prof. Kevin Urama said: “Growth in Africa’s top-performing economies has benefitted from a range of factors, including declining commodity dependence through economic diversification, increasing stra­tegic investment in key growth sectors, and rising both public and private consumption, as well as positive developments in key export markets.” 

He added: “Africa’s economic growth is projected to regain moderate strength as long as the global economy remains resilient, disinflation continues, investment in infrastructure projects remains buoyant, and progress is sustained on debt restructuring and fiscal consolidation.”

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