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Browsing: Business

Discover the latest business news and insights from Africa’s thriving economies. Our Business category offers in-depth coverage of market trends, startups, investments, and economic developments across key countries like Somalia, Kenya, Ethiopia, Sudan, and South Africa. Stay informed about regional trade, policy updates, and opportunities shaping the future of African industries. Whether you’re an investor, entrepreneur, or simply curious about Africa’s economic landscape, our expert analysis and up-to-date news will keep you ahead. Explore the dynamic world of African business now!

AfDB, ECOWAS Sign $11.18 Million Deal to Boost Rice Production in West Africa

The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) have signed an $11.18 million agreement…

South African Firm Acquires Scotland’s Only Gold Mine, Plans to Restart Operations

A South African mining company has acquired a majority stake in Scotland’s only gold mine, with plans to resume production.…

Ghana Abolishes COVID-Era Taxes to Meet IMF Loan Conditions

Ghana’s new government has announced the removal of several taxes introduced during the COVID-19 pandemic, citing the economic strain they…

IMF Suspends Aid to Senegal Over Undeclared Debts

The International Monetary Fund (IMF) has halted financial assistance to Senegal following the discovery of undisclosed debts in a report…

Namibia to Introduce Visa-on-Arrival to Boost Tourism and Investment

Namibia will implement a visa-on-arrival policy for international investors and tourists starting April 1, 2025, aiming to simplify entry procedures…

Nigeria Secures $200M Deal to Expand Renewable Energy in Rural Areas

Nigeria has signed a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of…

Morocco’s Tourism Breaks Records with Remarkable Growth in 2025

Morocco’s tourism sector is witnessing a strong surge, with nearly 2.7 million arrivals recorded at border posts by the end…

Algeria to Import One Million Sheep to Control Eid al-Adha Prices

Algeria will import one million sheep ahead of this year’s Eid al-Adha to control rising prices and ensure more citizens…

Nigeria’s NNPC in Talks to Extend Crude Supply Deal with Dangote Refinery

Nigeria’s state-owned oil company, NNPC Ltd, is in talks with the Dangote Oil Refinery to extend a crude supply contract…

Nigeria: Governor Admits ₦1 Trillion Loan for Infrastructure May Have Been a Miscalculation

Niger State Governor Mohammed Bago has acknowledged that securing a ₦1 trillion loan for infrastructure development may have been an…

Nigeria’s Anti-Corruption Agency Recovers Nearly $500 Million in One Year

Nigeria’s Economic and Financial Crimes Commission (EFCC) announced that it recovered nearly $500 million in proceeds of crime last year,…

Egypt’s Inflation Rate Drops Sharply in February

Egypt’s annual consumer inflation rate fell to 12.5% in February, nearly half of January’s 23.2%, according to official data released…

Tanzania to Import Affordable Electricity from Ethiopia to Address Power Shortages

The Tanzanian government has defended its decision to import electricity from Ethiopia through Kenya, citing economic and technical benefits in…

How China-Africa Cooperation is Reshaping Global Development

Africa and China’s growing partnership is significantly impacting global development, with China emerging as Africa’s largest trading partner for 16…

DRC Halts Cobalt Exports to Stabilize Prices, Raising Global Concerns

The Democratic Republic of Congo (DRC) has temporarily suspended cobalt exports in an attempt to control falling prices. However, experts…

Botswana Launches Strategy to Boost Economic Growth Through AfCFTA

Botswana has introduced a national strategy to expand its economy and strengthen its role in African trade under the African…

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