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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!

Kenya to Host Africa’s Premier Air Cargo Event in 2025

Nairobi, Kenya, will host “Air Cargo Africa 2025”, one of the continent’s most significant logistics events, from February 19 to…

South Africa’s B20 Delegation to Drive Global Collaboration at WEF 2025

A delegation from B20 South Africa, led by Sherpa Cas Coovadia and co-chaired by Mxolisi Mgojo and Nonkululeko Nyembezi, is…

Tongaat Hulett Zimbabwe to Cut 1,000 Jobs Amid Economic Struggles

Sugar producer Tongaat Hulett Zimbabwe has announced plans to reduce its workforce by 1,000 employees by August this year, as…

Angola’s Endiama Targets $2.27B Revenue with 15.1M Carats in 2025

Angola’s state-owned diamond company, Endiama, is forecasting a significant boost in production and revenue for 2025, with an expected yield…

Angola, France to Strengthen Ties with €430 Million Deal Amid Regional Concerns

French President Emmanuel Macron is hosting Angolan President João Lourenço for a two-day state visit beginning Thursday, marking a significant…

Nigeria’s Oil Output Rises by 26% Amid Crackdown on Theft

Nigeria’s oil and gas reserves saw modest increases in 2024, with crude oil production rising by 26% from April 2023…

Africa Adds 2.5 GW of Solar Capacity in 2024

Africa installed an additional 2.5 GW of solar capacity in 2024, bringing the continent’s total capacity to 19.2 GW, according…

African Union Unveils Bold Agricultural Strategy to Achieve Food Security by 2035

The African Union (AU) has unveiled a bold new agricultural development strategy aimed at transforming the continent’s agri-food systems, boosting…

Egypt and Tanzania Discuss Mining Collaboration

Minister of Petroleum and Mineral Resources Karim Badawi of Egypt met with Tanzania’s Deputy Minister of Minerals, Steven L. Kiruswa,…

Nigeria’s Inflation Climbs for Fourth Consecutive Month

Nigeria’s inflation rate continued its upward trend in December, rising to 34.80% from 34.60% in November, marking the fourth consecutive…

Egypt Unveils Plans to Boost Mining Sector at FMF 2025

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, highlighted the country’s ambitions to enhance its mining activities and projects…

South Africa Recognized as a Model for African Renewable Energy Projects: IRENA

At the 15th session of the International Renewable Energy Agency (IRENA) Assembly in Abu Dhabi, IRENA’s Director General for Energy…

Rwanda Confirms First Oil Discovery in Lake Kivu

Rwanda has announced its first oil discovery in Lake Kivu, confirming the presence of 13 oil reservoirs in the region,…

Libya: Turkish Airlines Resumes Flights to Benghazi After 10-Year Hiatus

Turkish Airlines has resumed flights from Istanbul to Benghazi, Libya, after a decade-long suspension, the Turkish Minister of Transport and…

Kenya Leads as African Startups Secure $2.01B in 2024

In 2024, African startups raised $2.01 billion across 182 funding deals, marking a 30.7% decline compared to the $2.9 billion…

Barrick Gold Halts Mali Operations Following Gold Seizure by Government

Canadian mining giant Barrick Gold has announced a temporary suspension of operations at its Loulo-Gounkoto mine in Mali after the…

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