Browsing: Business

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…

Major oil traders Vitol, Trafigura, and BP have emerged as the primary buyers of fuel from Nigeria’s Dangote refinery, the…

Zimbabwe plans to resume discussions with creditors later this month in efforts to restructure $21 billion in external debt, aiming…

The Société Nationale des Pétroles du Congo (SNPC), Congo’s national oil company, has joined forces with the State Oil Company…

The Nigerian Tax Reform Bill, currently under review in the National Assembly, has stirred significant debate. The tax reform bill…

Swiss textile machinery leader Rieter has unveiled a bold $5 billion initiative aimed at transforming Africa’s cotton processing and textile…

The South African rand weakened against the U.S. dollar on Wednesday morning, reflecting a broader market shift as investor sentiment…

The Earthshot Prize has announced that it has successfully raised over £86 million to support innovative environmental solutions, with a…

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, revealed at the 40th edition of the Abu Dhabi International Petroleum…

South African e-commerce logistics company Pargo is making its debut in Egypt, launching its Collect and Return services at over…

As Nigeria grapples with the challenges of economic growth and development, strategic estate planning has emerged as a crucial factor…

African leaders and energy officials renewed their commitment to the African Atlantic Gas Pipeline (AAGP), a $26 billion project set…

Heirs Energies, a prominent African energy company, has confirmed its participation in African Energy Week (AEW) 2024, running from November…

Kenya’s exports to African countries saw a 26% increase in the first seven months of 2024, bolstered by enhanced shipments…

The South African rand held steady in early trading on Tuesday, reflecting cautious sentiment among investors as the United States…

Ivanhoe Mines, a prominent Canadian mining firm, has announced significant achievements at its Kamoa-Kakula Copper Complex in the Democratic Republic…

The U.S. Embassy in Tunis has announced a substantial investment of 76.5 million Tunisian Dinars (approximately $24.85 million) aimed at…

Today marks a pivotal moment in Tanzania’s graphite mining industry as the Commercial Division of the High Court in Dar…

Woodhall Capital has signed a $25 million loan agreement with the African Export-Import Bank (Afreximbank) to support Nigerian SMEs in…

The National Mining Company (NMC) inaugurated its new Board of Directors today at Petroleum House in Entebbe, marking a significant…

Algerian energy company Sonatrac announced on Sunday that it successfully delivered its first shipment of natural gas to a Czech…

Coca-Cola Beverages Africa (CCBA) has committed $50 million to expand its bottling operations in Namibia, launching a new production line…

As Egypt faces persistent inflation and currency challenges, the IMF’s fourth review could unlock $1.2 billion in funding. The discussions…

Niger’s government is challenging a decision by the French nuclear fuel company Orano to stop uranium production in the country,…

Kenya’s freshly inaugurated 17-mile expressway, largely funded by China, stretches over Nairobi’s congested traffic with sparse usage, symbolizing the heavy…

The Tanzanian government has proposed an 11.58% budget increase for 2025/26, aiming to expand from Sh49.35 trillion to Sh55.06 trillion,…

The Nigerian Upstream Petroleum Regulatory Commission has renewed Petroleum Mining Lease (PML) 52, which contains the Agbami oil field, for…

The Nigerian National Petroleum Company Ltd. (NNPC), Nigeria’s state energy firm, has joined the African Energy Week (AEW) conference in…

The International Trade Centre (ITC) is bolstering Burundi’s Vision 2040 aspirations by fostering trade growth through export development, policy support,…

Access Bank, the largest bank in Nigeria, has officially inaugurated a new branch in Hong Kong, marking a significant milestone…

South Africa’s economic stability faces significant challenges, not only from downturns and policy missteps but also from sophisticated organized crime…

Tanzania and the Democratic Republic of Congo (DRC) have formalized an agreement to enhance the Kalemie and Moba ports in…

Somalia has advanced economically with a recent IMF staff-level agreement regarding the second review of the Extended Credit Facility (ECF).…

Morocco is set to expand its industrial free zone by an additional 4,000 hectares, according to Industry and Trade Minister…

Nigerian President Bola Tinubu emphasized the importance of leveraging the long-standing relationships between Nigeria and countries such as France, China,…

The International Monetary Fund (IMF) has approved a Sh78 billion (US$605 million) disbursement to support Kenya in strengthening its fiscal…

Tanzania’s Minister for Planning and Investment, Prof. Kitila Mkumbo, announced plans to strengthen Tanzania-Russia relations to boost growth in agriculture…

The European Union (EU) has announced a significant financial support package of €75 million (approximately $81.5 million) to Zimbabwe, aimed…

A delegation from Liberia recently held crucial meetings with representatives from the Millennium Challenge Corporation (MCC), the U.S. Department of…

Senegal has successfully raised $300 million by reopening a bond initially issued in June, aimed at addressing financing needs for…

The Kenya Pipeline Company (KPC) has completed the second phase of an upgrade to the Nairobi-Eldoret pipeline, enhancing petroleum product…

The African Development Bank’s Board of Directors has approved a $54 million loan to support a 120 MW onshore wind…

Rwanda has officially started trading with Ghana through the African Continental Free Trade Area’s (AfCFTA) Guided Trade Initiative (GTI), marking…

Trade between Zimbabwe and China has surged during the first nine months of 2024, reaching a record high of $3…

Angola is grappling with a surge in loan repayments, forcing the oil-rich nation to allocate all its fiscal revenue to…

Nigeria’s central bank is prepared to utilize any necessary strategies to combat rising inflation, according to its governor, Olayemi Cardoso.…

Kenya’s ambition to promote Lamu Port as a key transit hub is facing significant challenges due to Ethiopia’s growing reliance…

Saudi Arabia is reportedly in advanced negotiations to acquire a significant stake in a copper mine in Zambia, with expectations…

Alibaba announced on Wednesday its plans to establish its first African training center in Addis Ababa, Ethiopia, in partnership with…

Mozambique will officially become a full member of the African Continental Free Trade Area (AfCFTA) in January next year, unlocking…

Angola’s Cabinda oil refinery is expected to begin production by April, having successfully completed its first phase ahead of schedule,…

The future of African asylum seekers and economic migrants in the United States hangs in the balance as the upcoming…

The African Development Bank Group’s Board of Directors has sanctioned an $8 million concessional loan to back the construction of…

Rwandan company Prime Energy PLC, a relatively unknown local renewable independent power producer until last year, has raised around Rwf9.58…

The Undersecretary of the Ministry of Transport in Libya’s Government of National Unity, Wissam Al-Idrisi, announced that fines were imposed…

Italian Prime Minister Giorgia Meloni attended the Italy-Libya Business Forum in Tripoli on Tuesday, marking her fourth visit to Libya…

The African Development Fund (ADF) has granted a $14.15 million loan to Guinea-Conakry to strengthen institutional capabilities for industrial development…

With digitalization on the rise worldwide, Ethiopia is setting ambitious goals for its digital economy. A recent report by GSMA,…

Ghana is exploring the option of importing petroleum products from Nigeria’s Dangote Oil Refinery as the facility approaches full operational…

Zimbabwe’s ruling party has officially passed a resolution to designate the bullion-backed ZiG as the country’s exclusive legal tender, marking…