New data from the Central Bank of Nigeria (CBN) indicates a significant increase of N17.4 trillion in federal government borrowing, which raises concerns about the growing public sector debt and the potential impact on private sector credit availability.

The Federal Government has launched a 505kW solar mini-grid in Epe, Lagos, with plans for an additional 5MW expansion aimed at enhancing electricity access and supporting economic growth.

The Federal Government of Nigeria has expressed its support for recent US sanctions imposed on Nigerian Bureau De Change (BDC) operators accused of financing terrorism. The government stated its commitment to collaborating with both domestic stakeholders and international partners to enhance national security.

Kenya Electricity Generating Company (KenGen) and the Kenya Ports Authority (KPA) have successfully reduced their exposure to state-guaranteed debt by repaying billions of shillings in outstanding loans. This development is part of Kenya's broader strategy to manage public debt risks and enhance fiscal stability, according to Sharp Daily.

The Manufacturers Association of Nigeria (MAN) has confirmed data from Vanguard Newspaper indicating a 22.5 percent decline in bank credit to manufacturers, amounting to N1.9 trillion. MAN expressed concerns that this decline could negatively impact industrial growth, increase unemployment, and hinder policy implementation, attributing the issue to high interest rates and policy gaps.

A report indicates that while Africa has seen growth in hydropower generation, Nigeria continues to face significant challenges with chronic power shortages, frequent grid failures, and a substantial electricity access deficit, despite having considerable hydropower resources.