Browsing: Business

The International Monetary Fund (IMF) announced on Friday that its staff and Ethiopia have reached an agreement on economic policies…

Tanzanian President Samia Suluhu Hassan has announced government initiatives to support small-scale miners and boost the mining sector’s contribution to…

In a landmark effort to enhance sustainable energy access, Madagascar has officially launched a new bioethanol initiative in collaboration with…

Africa Finance Corporation (AFC) has finalized concession agreements with the governments of Angola and Zambia, marking a significant step toward…

Senegal’s sovereign dollar bonds took a hit on Friday after a government audit unveiled significantly larger debt and deficit figures…

The International Monetary Fund (IMF) has officially approved a 40-month arrangement for Liberia under the Extended Credit Facility (ECF), totaling…

The Federal Republic of Somalia and the Republic of Turkiye signed an agreement on cooperation, exchange of financial intelligence, anti-money…

The Turkish Cooperation and Coordination Agency (TIKA) has officially launched restoration work on the Negashi Tomb and Mosque, a significant…

Chinese mining companies Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are advancing a lithium deposit project in collaboration…

South Africa is currently engaged in advanced discussions with Brazilian aerospace manufacturer Embraer regarding the potential purchase of the C-390…

The South African rand experienced a significant rally on Wednesday, reaching a new 20-month high against the U.S. dollar, a…

In a military operation carried out by Jubbaland security forces in Janaay Abdalla village near Kismayo on Tuesday, at least…

In a crucial development for the mining sector, the governor of South Kivu province in the Democratic Republic of Congo…

Angola’s President João Manuel Gonçalves Lourenço highlighted Africa’s growing contribution to United Nations peace missions, which have been limited by…

During the 79th United Nations General Assembly (UNGA), African countries made a unified call for reforming the UN Security Council…

Plans are underway to establish a Joint Commission for Cooperation (JCC) between Kenya and Algeria to enhance trade within the…

In a move to strengthen alliances amid growing regional tensions with Ethiopia, Somalia’s Foreign Minister Ahmed Moalim Fiqi met with…

The Zimbabwe Accountants International (ZAI) has formed a strategic partnership with the UK-based risk solutions company, Diaspora Insurance, to provide…

At least 30 bodies were discovered on a boat drifting off the coast of Senegal’s capital, according to the military…

Nigeria’s Minister of Defence, Mohammed Badaru, spoke at the 79th United Nations General Assembly, emphasizing Nigeria’s long-standing dedication to international…

In a groundbreaking move, Ethiopia has initiated its first livestock export by rail, transporting cattle from Adama in the Oromia…

In a bid to address persistent economic disparities, South Africa’s leader of the Black economic empowerment initiative has announced plans…

Tunis is set to welcome delegates from across the continent and beyond for the 8th international conference on “Financing Investment…

Kenya’s foreign exchange reserves reached a record high of 7.85 billion US dollars as of Thursday, marking an increase for…

The Commercial Bank of Ethiopia and Visa, the credit card service company, finalized a partnership agreement on Friday to enhance…

The South African Weather Service has issued a Level 8 warning for ongoing adverse weather, as snowfall continues to cover…

The World Bank has approved an additional $90 million in financing to expand the Djibouti Regional Economic Corridor, a significant…

The government of Congo-Brazzaville has announced a memorandum of understanding (MOU) with a Chinese company to initiate a hydroelectric project…

Zimbabwe’s President Emmerson Mnangagwa has canceled his planned trip to the United States for the United Nations General Assembly (UNGA)…

A helicopter belonging to the Air Force of Zimbabwe (AFZ) crashed shortly after taking off from Masvingo Airport on a…

According to the Tanzania Investment Centre (TIC), the value of investment projects surged by over 60 percent to $1.61 billion…

Two Nigerian airports have been honored by Airport Council International (ACI Africa) for their outstanding commitment to airport emergency management…

On Friday, the International Monetary Fund (IMF) announced that Sierra Leone has requested a new 38-month Extended Credit Facility (ECF)…

South Africa’s Deputy Minister of Public Works and Infrastructure Sihle Zikalala announced that South Africa’s Green Hydrogen National Programme (GHNP)…

Sudan’s annual inflation rate surged to 218.18% in August, up from 193.94% in July, exacerbating the country’s already severe economic…

Vice President Kashim Shettima has articulated Nigeria’s strategic vision to become a significant player in the global halal economy, which…

A significant development is underway in Lilongwe, where a new cannabis processing plant is being constructed, with projections suggesting it…

On Thursday, Nigerian President Bola Tinubu reaffirmed his administration’s dedication to establishing a strong financial system and a business-friendly environment…

Two weeks after the Forum on China-Africa Cooperation (FOCAC) Summit, Tanzania has announced plans to propose several priority projects to…

Namibia has reached a bilateral agreement with China to export small livestock products like sheep and goats, and is also…

Five months after its introduction, Zimbabwe’s new currency, the ZiG, is encountering significant challenges. The gold-backed ZiG, launched in April…

President Hassan Sheikh has sought Turkiye’s mediation after weeks of standoff between the federal government and the regional state of…

The Zimbabwean government is making notable efforts to bridge the gap between education and industry through initiatives that emphasize entrepreneurship…

On Wednesday, Somalia announced the capture of a senior al-Shabaab member in the central Galgadud region. The Somali National Army…

Following a six-day visit to Kenya, an International Monetary Fund (IMF) staff team has provided an update on the development…

Russia has tentatively agreed to construct a fuel pipeline in the Republic of Congo, connecting the western port of Pointe-Noire…

The European Union has announced a significant €40 million ($44.4 million) funding initiative to support Rwanda’s pharmaceutical sector. This decision…

The Somaliland Human Rights Commission (HRC) has expressed grave concerns over the extended detention of MP Mohamed Abiib at Mandera…

Jamie Dimon, CEO of JPMorgan Chase, is scheduled to visit Africa in mid-October, marking his first trip to the continent…

Nigeria’s 650,000 barrels per day (b/d) Dangote refinery has officially commenced the sale of gasoline to the domestic market, with…

Despite not having its own diamond resources, Israel ranks among the top five exporters of polished diamonds. How is this…

The Economic Community of West African States (ECOWAS) is preparing to conduct a series of investor meetings and roadshows to…

On Monday, Hussein Nayil Ahmed, the Director General of the Civil Aviation Authority, met with Mohammed Ibrahim Al-Sada, the Ambassador…

The Central Bank of South Sudan announced on Monday a new limit on cash withdrawals. From now on, the maximum…

The Egyptian cabinet has disclosed that Saudi Crown Prince Mohammed Bin Salman has instructed the Saudi Public Investment Fund (PIF)…

Ghana has experienced significant losses in its cocoa sector during the 2023/24 season, with over a third of its total…

The use of Artificial Intelligence (AI) offers a potential solution for addressing disputed elections in Zimbabwe, provided the authorities effectively…

Nigeria’s annual inflation rate saw a significant decline to a six-month low in August, which may provide policymakers with an…

Nigeria is set to benefit from a substantial N589 billion (£272.6 million) as a result of eight new partnership agreements…

Uganda is poised for a significant economic boost with the anticipated start of commercial oil production, projected to elevate the…

In 1890, British-born South African colonialists established Harare, which today stands as the capital of Zimbabwe. Located in the northeastern…