Browsing: Business

South Africa’s annual inflation rate dropped sharply to 2.8% in October, marking the lowest level since June 2020, with falling…

Africa faces significant risks from money laundering, terrorism financing, and the emerging threat of proliferation financing, posing challenges to financial…

Botswana’s newly elected President, Duma Boko, has announced ambitious plans to diversify the country’s diamond-dependent economy by tapping into the…

Cocoa prices climbed sharply on Tuesday, with London cocoa reaching a four-month high, driven by fears of unfavorable growing conditions…

Namibia’s state-owned electricity utility, NamPower, is aiming to raise $450 million to enhance the country’s energy production capacity, reducing its…

Nigerian President Bola Tinubu’s administration has proposed a ₦47.9 trillion budget for the 2025 fiscal year, marking a 35% increase…

South Africa’s power utility, Eskom, is seeking a 36% electricity tariff increase, sparking widespread opposition during nationwide public hearings hosted…

Zimbabwe’s move to align electricity tariffs with actual costs has triggered a surge in energy sector investments, potentially easing the…

The South African rand saw a modest decline in early trading on Tuesday, trading at 17.9650 against the U.S. dollar,…

Activity in Merkato, Addis Ababa’s largest commercial hub, has come to a standstill as merchants protest the government’s mandatory receipt-based…

Australian gold miner Resolute Mining has agreed to pay Mali’s military-led government $160 million to settle a tax dispute, following…

Australian mining company Resolute Mining has reached an agreement to pay $160 million to the government of Mali in a…

A total of 105,367 Kenyans have secured employment abroad, with opportunities in countries such as the United Kingdom, Canada, Australia,…

Saudi Arabia is playing a leading role in advancing equitable energy transitions across Africa, leveraging the continent’s vast renewable resources…

The Central African Republic (CAR) has successfully convinced the Kimberley Process (KP), the international body overseeing the global diamond trade,…

Nigeria’s deepwater oil sector has emerged as one of the most competitive globally, climbing from the bottom quartile of 13…

President Cyril Ramaphosa has authorized the deployment of 1,100 South African National Defence Force (SANDF) soldiers to assist police in…

De Beers’ CEO expressed confidence that the company will soon finalize a long-awaited diamond sales agreement with Botswana, following a…

China Nonferrous Metal Mining Company (CNMC) has unveiled plans to invest $1.6 billion in Zambia, signaling a major boost for…

Nigeria has unveiled plans for a 47 trillion naira ($28.18 billion) budget for 2025, based on an oil price assumption…

The European Union has seen a significant decline in gas imports this year, with a 1.7-fold drop in the first…

In FORBES AFRICA’s inaugural list of South Africa’s top CEOs, corporate leaders showcase their ability to navigate a nation marked…

The National Bank of Ethiopia (NBE) revised its foreign currency policy today, granting exporters more flexibility in managing their earnings.…

The Kenyan shilling weakened slightly against the dollar on Wednesday amid a global strengthening of the U.S. currency following the…

South African citrus growers and other businesses are expressing growing concerns that their duty- and quota-free access to U.S. markets…

Uganda’s government has announced a dramatic 98% reduction in external borrowing to address the country’s mounting debt. This move comes…

The prestigious Africa Oil Week (AOW) conference, a major event in the global energy sector, will be moving from Cape…

Mali is demanding approximately $160 million from Resolute Mining Ltd. to settle a tax dispute after the Australian gold producer’s…

3rd Qatar-Africa Business Forum (QABF) set to take place in Marrakech, Morocco, on November 16-17. The forum, part of the…

The Tanzanian government has committed Sh25 trillion ($9 billion) to fund a range of infrastructure projects across the country, with…

Zambia’s central bank governor, Denny Kalyalya, has cautioned that the rally in the U.S. dollar following Donald Trump’s election victory…

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s average daily crude oil production rose slightly to 1.33…

Octopus Energy, in partnership with British actor Idris Elba, has launched its first renewable energy project in Africa with the…

The Central African Republic (CAR) is seeking to persuade the Kimberley Process (KP) to lift the diamond export embargo that…

On Monday, a group of Tunisian traders gathered outside the Bengardane municipality, located near the Libyan border, to protest the…

Tanzania is projected to rank sixth globally and third in Africa for graphite mining by 2050, according to a World…

European fishing vessels will soon halt operations in Senegalese waters following the expiration of a fisheries agreement between the European…

Türkiye’s exports to African nations reached $15.1 billion between January and October 2024, marking a 1.8% increase compared to the…

In a bid to strengthen its industrial base, Nigeria has finalized a $1.2 billion contract with Chinese state-owned engineering giant…

Bangladesh’s interim Prime Minister Muhammad Yunus has expressed interest in importing oil from Libya while advocating for enhanced collaboration between…

Guinea-Bissau is exploring opportunities for collaboration in green energy and decarbonisation with the State Oil Company of Azerbaijan Republic (SOCAR).…

Nigeria and China have achieved a record-breaking $15.1 billion in bilateral trade from January to September 2024, with a significant…

Three senior executives from Australian gold mining company Resolute Mining Ltd. have been detained in Mali’s capital, Bamako, in connection…

Top business leaders in Kenya convened in Nairobi today to explore strategies for broadening the reach of Kenyan businesses into…

The Benghazi Chamber of Commerce, Industry, and Agriculture has announced that the Libya International Mining Forum will take place in…

At the recent Commonwealth summit in Samoa, discussions around reparations for colonial injustices sparked renewed focus on Africa’s history of…

Red Sea Airlines, one of Egypt’s newest carriers, has partnered with Fokker Services Group (FSG) for its Boeing 737NG fleet…

Angola is preparing to launch additional multi-year oil and gas licensing rounds starting in 2026 as part of its strategy…

Nigeria has launched a strategic push to attract foreign investments into its solid minerals sector, with an initial target of…

Libya is preparing to launch its first oil exploration tender in over a decade as the country seeks to attract…

Ethiopia is taking a major step towards economic growth by repurposing wasted energy, thanks to support from the United Arab…

As Middle Eastern airlines continue to increase their operations across Africa, local carriers are facing mounting challenges to compete, raising…

The International Yarn and Fabric Sourcing Show officially opened today at the Expo Center in Casablanca, marking a key event…

Building on recent progress, the Togolese government has set an ambitious goal to double coffee production once again, aiming to…

Ghana’s petroleum revenue has reached an all-time high, driven by increased crude oil production from new wells under the Jubilee…

Ghana’s cocoa production is expected to recover in the 2024/25 crop season, supported by favorable weather conditions, according to reports…

China and the African Union (AU) have reaffirmed their commitment to deepen strategic cooperation under the Forum on China-Africa Cooperation…

Kenya’s leading telecom operator, Safaricom, has revised its earnings forecast for the year, following a significant drop in net income…

In a move that is set to reshape the country’s coffee industry, Uganda’s parliament has passed the National Coffee (Amendment)…

The third edition of the Ghana Power and Energy Expo has officially kicked off, showcasing an expanded and advanced format…

Logistics giant Grindrod has suspended its port and terminal operations in Mozambique after South Africa closed its main border with…