Browsing: Business

Zimbabwe’s export sector is experiencing notable growth, driven by an increase in value-added products and domestic manufacturing, signaling a strong…

The African Development Bank (AfDB) has announced plans to establish a Youth Entrepreneurship Investment Bank in Nigeria as part of…

Cocoa futures experienced a sharp decline on Friday, with December ICE NY cocoa closing down by -4.13% and December ICE…

In a significant development for the agricultural sector, the governments of Zambia and the United States have officially signed a…

Parliament Approves Kindiki as Deputy President Amid Gachagua Impeachment Dispute Professor Kithure Kindiki has officially been appointed as Kenya’s new…

Egyptian Prime Minister Mostafa Madbouly has affirmed the government’s dedication to completing the first phase of the Egyptian-Saudi electricity interconnection…

Nigeria is intensifying its crackdown on crude oil theft, achieving notable progress in key oil-producing regions that have long been…

Kenyan Authorities Arrest Two in Sh5.8 Million Ivory Bust Amid Global Criticism of Trafficking Markets In a well-executed operation, Kenyan…

Kenya and South Korea have signed a significant Memorandum of Understanding (MoU) focused on transforming Kenya’s agriculture sector through innovative…

South African Energy and Electricity Minister Kgosientso Ramokgopa’s special adviser, Silas Zimu, has urged South African coal producers to temporarily…

Japan’s Toyo Corporation is set to build a solar cell factory in Ethiopia, aiming to bypass U.S. tariffs and supply…

Hundreds of Somali migrants stranded in Libya are enduring unimaginable hardships, many now regretting their decision to leave their homeland…

Kenya and Indonesia are seeking to strengthen their bilateral ties by exchanging investment projects. As part of their discussions, the…

Turkish Ambassador to Cairo, Salih Mutlu Şen, recently visited the Akay ready-made garments factory in Port Said, which produces clothing…

Algeria’s constitutional court certified President Abdelmadjid Tebboune’s reelection for a second and final term on September 14, 2023. Despite progress…

The World Cooperation Industries (WCI) Forum commenced in Istanbul on Wednesday, bringing together around 1,500 African businesspeople and representatives from…

Ethiopian Airlines, Africa’s largest airline, today began its flights to Port Sudan. The inauguration ceremony was attended by Sudanese officials…

The Democratic Republic of Congo (DRC) has voiced strong objections to the United States’ recent classification of child labor in…

JPMorgan Chase, the largest bank in the United States, is set to launch operations in Kenya and Ivory Coast this…

The Chinese-owned Dinson Iron and Steel Company (Disco), the primary industry at the Manhize Industrial Park near Mvuma, Zimbabwe, has…

Augustina Tufuor, a 30-year-old entrepreneur from Ghana, founded Tropical Snacks to create all-natural plantain chips. Despite her success, she faced…

A delegation of Canadian investors is currently exploring business opportunities in Zimbabwe, with a focus on sectors such as clean…

The South African rand saw a decline on Tuesday morning, trading at 17.6350 against the dollar, approximately 0.2% lower than…

Senegal’s government launched a comprehensive 25-year development plan on Monday, aimed at fostering economic sovereignty through enhanced competitiveness, sustainable resource…

Liberia, Africa’s oldest independent nation, has long struggled with limited internet access, particularly in remote areas where traditional internet service…

South Africa’s increasing reliance on fuel imports poses supply risks that require enhanced infrastructure for storage and transportation, according to…

Senegal, an emerging oil and gas producer, is planning to invest around 12.8 trillion CFA francs ($21 billion) in development…

A newly submitted report to Ethiopia’s Ministry of Transport has laid out plans for an ambitious reform of the country’s…

In a strategic move to modernize its military capabilities, Nigeria announced the acquisition of 24 M-346 attack jets and 10…

For centuries, Africa and the global Black population have faced systemic injustice, colonial exploitation, and economic marginalization. However, the rise…

Sibanye Stillwater (SSWJ.J) is embroiled in a $522 million compensation dispute with investment firm Appian Capital Advisory over the termination…

The European Investment Bank (EIB Global) has unveiled a €2 million (around Rwf3 billion) financing package to strengthen vaccine development…

Uganda has officially signed a contract with Turkish construction firm Yapi Merkezi to construct a 272-kilometer railway section, a strategic…

Tunisia’s recent trade data presents a mixed scenario of both strengths and challenges. While the country enjoys significant trade surpluses…

Private sector companies from Libya and Indonesia signed several trade agreements in Jakarta on Friday, covering industries such as aviation,…

The International Monetary Fund (IMF) has approved reforms that will reduce borrowing costs for its members by 36% and exempt…

The International Monetary Fund (IMF) and World Bank Group (WBG) have selected Tanzania as the second country, after Madagascar, to…

On Monday, Senegal’s government is set to unveil an ambitious plan aimed at decreasing its reliance on foreign aid and…

Moody’s has upgraded Ghana’s long-term local and foreign currency issuer ratings to “Caa2” from “Caa3” and “Ca,” respectively, in an…

International finance actors, policymakers, representatives from the private sector, and civil society have gathered in Abidjan, Côte d’Ivoire for a…

South African Tourism Minister Patricia de Lille announced she is close to terminating a service level agreement with the Small…

Set to take place in Istanbul from November 12-13, 2024, the Global Franchise & Distributorship Expo (AFEX) is gearing up…

Zambia and Chad faced off in a match that ended in a stalemate. This outcome allowed Ivory Coast to maintain…

Emirates Global Aluminium announced on Friday that bauxite exports from its subsidiary, Guinea Alumina Corporation, have been halted by customs,…

Kenya Airways (KQ) has announced the suspension of all passenger flights to Mogadishu, Somalia, effective October 14, 2024, citing operational…

Ethiopia’s Ministry of Transport and Logistics has identified a pressing need for $500 million to enhance the nation’s railway system.…

In a strategic and forward-looking move to enhance its cocoa processing capabilities, Ivory Coast is actively considering the sale of…

On Thursday, Algeria took a significant step towards strengthening international tax cooperation by signing the Multilateral Convention on Mutual Administrative…

Nigeria has begun proceedings to sanction Starlink, the satellite internet service owned by billionaire Elon Musk, following an unauthorized increase…

The Qatar Civil Aviation Authority (QCAA) and Algeria’s National Civil Aviation Agency have signed a revised air services agreement in…

President Dr. Hussein Ali Mwinyi emphasized the importance of enhancing trade relations between Zanzibar and the Comoros through renewed economic…

Rwandan President Paul Kagame has called on African governments to prioritize the growth of Small and Medium Enterprises (SMEs) as…

Algeria is set to enhance its wheat imports from Russia, with projections indicating that purchases could reach 3 million metric…

India’s partnership with Africa is crucial for the development of both India and the Global South, according to the Ministry…

Mali’s military government is seeking over 300 billion CFA ($512 million) in outstanding taxes and dividends from Barrick Gold as…

The Chinese embassy in South Africa, headed by Ambassador Wu Peng, recently hosted a briefing to discuss the outcomes of…

The Nigerian Exchange Group Plc (NGX Group) has praised the German Government and its development finance institution, Deutsche Investitions- und…

On Wednesday, the South African rand experienced a modest decline as traders awaited the highly anticipated minutes from the Federal…

BRICS TV has underscored the importance of the Ras El-Hikma development project on Egypt’s northwest coast as a key initiative…

The Ethiopian government has introduced a major increase in fuel prices, marking one of the largest overnight hikes in recent…

In a significant political move, Kenyan lawmakers have initiated the impeachment process against Deputy President Rigathi Gachagua. A decisive total…