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Hassan reelected as Tanzania's President amid Controversy

Ken Akpan The Tanzania’s electoral Commission on Saturday, November 1, 2025, declared President Samia Suluhu Hassan as the winner of the presidential election held on October 29, 2025, amid rising controversies. The commissioner declared that Hassan won with nearly 98% of the votes, an election that set off violent protests across the country this week. ALSO READ >>> Election protesters in Tanzania persist, defy Army Chief The result hands Hassan, who took power in 2021 after the death in office of her predecessor, a five-year term to govern the East African country of 68 million people. Protests erupted during Wednesday’s election for president and parliament, with some demonstrators tearing down banners of Hassan and setting fire to government buildings and police firing teargas and gunshots. Demonstrators are angry about the electoral commission’s exclusion of Hassan’s two biggest challengers from the race and what they described as widespread repression...

House of Reps gives Nod to Tinubu's $2.35bn Loan Proposal

Ben Achi
The House of Representatives in Nigeria has given a nod to President Bola Tinubu's request to borrow $2.35 billion to help finance the 2025 budget deficit and refinance maturing Eurobonds.

The approval was made on Wednesday, October 29, 2025, after the House considered the report of its Committee on Aids, Loans, and Debt Management.

Key details of the approval include:

Total amount: The borrowing plan is for a total of $2.347 billion.

Purpose: The funds are split into two components:

$1.23 billion, for funding a portion of the 2025 budget deficit.

$1.12 billion, for refinancing Nigeria's Eurobond, which reportedly matures in November 2025.

Additional issuance: Lawmakers also approved the issuance of a $500 million sovereign Sukuk bond in the international capital market. This is intended to fund infrastructure projects and diversify the country's funding sources.

Financing options: The government is authorized to raise the funds through various financial instruments, including Eurobond issuance, loan syndications, and direct borrowing from international financial institutions.

This approval follows Tinubu's request to the National Assembly earlier in October 2025.