Browsing: Business

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

Nigeria has been recognized as one of the top 10 African nations with the lowest fuel prices, according to recent…

The South African rand edged higher in early trading on Tuesday, rising to 17.6675 against the U.S. dollar, approximately 0.17%…

Over the past decade, diaspora remittances to Zimbabwe have surged to $16.3 billion, as Zimbabweans abroad increasingly send money home…

In the spirit of encouraging more Ugandans to take up loans, Bank of Uganda has reduced its central bank rate…

Nigeria’s central bank has signed a landmark agreement with the International Finance Corp. (IFC) to support local-currency financing, aiming to…

Indonesia’s national oil company, Pertamina, will be represented at the upcoming African Energy Week (AEW) conference from November 4-8 in…

Thousands of Kenyans eagerly seeking employment opportunities in Qatar have recently participated in recruitment interviews in Nairobi, aimed at filling…

Senegal’s $1.8 billion aid program with the International Monetary Fund (IMF), secured in 2023, is currently on hold, necessitating a…

Kenya’s Tea Sector Grows, Exporting $15 Million This Quarter Kenya’s tea sector experienced substantial growth in exports between July and…

In a strategic push to enhance bilateral relations, Uganda and Serbia held the first session of their Joint Commission for…

Adel Jumaa, the Minister of State for Cabinet Affairs in Libya’s Tripoli-based government, spoke to Italian media, with his statements…

The East African Crude Oil Pipeline (EACOP) project, valued at $5 billion, is facing debt financing challenges, prompting stakeholders like…

Starlink terminals have quickly sold out in key cities across Kenya, Nigeria, Zambia, and Zimbabwe, reflecting a strong demand for…

South Africa’s Just Energy Transition Partnership (JETP) is currently working to secure loan guarantees from international partners to unlock $9.3…

Nigerian President Tinubu spoke at the two-day “Livestock Reforms Consultation” held in the capital Abuja. Tinubu expressed concern over Nigeria’s…

Zimbabwe’s consumer inflation experienced a dramatic rise, reaching 37.2% month-on-month in October, as revealed by data released on Friday. This…

NEXTSOURCE Materials, a Toronto-listed company, announced on Thursday that it has successfully delivered its first commercial shipment of graphite concentrate…

Egypt’s Finance Minister, Ahmed Kouchouk, highlighted the urgent need to accelerate Africa’s economic transformation, urging for stronger collaboration with international…

South Africa’s Thungela Resources (TGAJ.J) is gearing up to capitalize on the decline of new coal investments globally, as CEO…

Rwanda has secured a new mineral exploration agreement with the international mining company Rio Tinto Mining and Exploration (RTX) Ltd,…

Liberia has made significant strides in enhancing its aviation sector by signing several agreements aimed at improving safety, increasing trade,…

Lesetja Kganyago, the governor of the South African Reserve Bank, stated that the rand could strengthen further if the government…

Orano has announced the suspension of operations at its Arlit uranium mine in northern Niger, effective October 31. This decision…

Mogadishu Welcomes Türkiye’s Seismic Survey Vessel Arrival Türkiye and Somalia have initiated a major energy exploration project off Somalia’s coast,…

At the 2021 UN Climate Summit, Barbados Prime Minister Mia Mottley called for greater utilization of Special Drawing Rights (SDRs),…

The Federal Government of Somalia has successfully repatriated 164 Somali nationals who had been stranded in Libya for several years,…

The Green Climate Fund (GCF) Board has approved a substantial grant of $28 million (approximately Frw37 billion) to support Rwanda’s…

South Africa’s consumer price inflation eased more than anticipated in September, falling to 3.8 percent year-on-year, the lowest rate recorded…

Zanzibar’s Minister for Tourism and Heritage, Mudrik Ramadhan Soraga, has emphasized the importance of the upcoming Tourism and Investment Expo,…

For more than a decade, improvised explosive devices (IEDs) have been the most lethal weapons used by militants in Somalia,…

The United States has allocated $458 million to help Zambian farmers access both regional and global markets. The funds, provided…

Angola has initiated a public consultation for its draft National Gas Master Plan (NGMP), marking a significant step in the…

Cape Town has been named the best city in the world for food, according to the 2024 Condé Nast Traveller…

Benin has committed $2 million to the next replenishment cycle of the African Development Fund (ADF), joining six other African…

Ethiopia’s government has initiated a public share sale for Ethio Telecom, the country’s largest state-owned telecommunications firm, as part of…

The African Development Bank will provide $100 million to fund the second phase of a wheat production project in Sudan,…

Rwanda is set to secure $184.9 million (approximately Frw 250 billion) from the International Monetary Fund (IMF) as part of…

The Agriculture and Food Authority (AFA) has announced a temporary suspension of avocado exports by sea for specific varieties in…

Libya’s political process and national reconciliation efforts were the focus of discussions between Abdullah Al-Lafi, Vice President of the Presidential…

In a significant move to strengthen West African trade and empower small businesses, the Economic Community of West African States…

Zimbabwe’s mining sector, despite its wealth of natural resources, struggles to attract substantial U.S. investment due to policy inconsistency and…

Norway-listed BW Energy is nearing its short-term goal of producing 40,000 barrels of oil per day at its Gabonese assets…

Zambia is planning to collaborate with investors to develop multiple mining licenses as part of its strategy to significantly increase…

Arrow Minerals has officially signed a memorandum of understanding (MoU) with Baosteel Resources to explore potential iron ore sales from…

Nigeria has halted Shell’s efforts to sell its entire onshore and shallow-water oil operations, while simultaneously granting approval for a…

South Africa’s mid-term budget review, set for October 30, is expected to show improved public finances, though economists are urging…

Nigeria’s goal to establish a value-added supply chain for critical minerals, including lithium, is gaining momentum through an unexpected source:…

Rwanda’s recently approved fintech strategy, endorsed by the Cabinet, aims to attract $200 million in investments into the industry by…

Uganda’s coffee export value saw a remarkable increase of 53.8% in September compared to the previous year, according to the…

The Niger State government in north-central Nigeria has secured an impressive investment of over one trillion Naira from Chinese companies…

Benghazi-based Tika Construction Chemicals Manufacturing has secured a contract to supply porcelain tile adhesive and grouting materials for the Intercontinental…

Egypt has revised its renewable energy target for 2040, lowering it from 58% to 40%, according to Petroleum Minister Karim…

President Abdel Fattah al-Sisi has warned that Egypt may be forced to re-evaluate its $8 billion agreement with the International…

Mali will begin repaying 200 billion CFA francs ($332 million) of its domestic debt next week, with plans to complete…

Zambia has been elected as a council member of the Global Green Growth Institute (GGGI), an international organization with 48…

Nairobi has been named the host city for the 2025 World Chambers Federation (WCF) Africa Summit, marking a significant milestone…

President Samia Suluhu Hassan has announced that the expansion of Tanga Port is a strategic initiative aimed at enhancing Tanzania’s…

A new report from the Africa Finance Corporation (AFC) has revealed that despite substantial investments in African ports, the improvements…

Namibia Critical Metals Inc. has successfully renewed its Environmental Clearance Certificate for mining operations on Mining License 200, which covers…

In a strategic shift, the Somali government has approved the deployment of Egyptian forces as part of the upcoming African…