New Africa-Wide Chief Economists Network Targets Stronger Policymaking
Platform will bring together the continent's top economic advisers to strengthen evidence-based policymaking and develop coordinated responses to global economic...
Business, Trade & Economy
Business, Trade & Economy covers the forces driving Africa’s economic transformation. This section includes finance, banking, investment, trade, entrepreneurship, startups, technology, innovation, industry, manufacturing, AfCFTA opportunities and business stories shaping Africa’s growth.
Ethiopia Defies Regional Slowdown with Record $4.32 Billion Foreign Direct Investment Inflow
Foreign direct investment climbed 8% to a record $4.32 billion as sweeping macroeconomic reforms, renewable energy investments and digitalized government...
Togo Rises to Lower-Middle-Income Status in New World Bank Income Classification
Classification marks an economic milestone for Togo, as the West African country's statistical updates, economic growth and favorable exchange rate...
Ethiopia Announces $5 Billion in Foreign Currency Savings as Industrial Push Gains Momentum
The prime minister said expanded domestic production of cement, steel, glass and ceramics reduced import costs, while new industrial parks...
Ghana Settles $700 Million Eurobond Obligation Ahead of Schedule
Payment, made ahead of schedule, includes $525.2 million in principal and $174.8 million in interest under the country's debt exchange...
Trade Finance Initiative Targets East Africa’s Coffee, Leather, Creative Sectors
International Trade Centre and Equity Group Holdings to help small businesses access financing, export training and new markets through a...
Ethiopia Tops $3 Billion in Annual Coffee Export Revenue for the First Time
Government says record earnings reflect higher production, quality improvements and stronger export performance as coffee remains the country's biggest source...
Kenya Opens Government Debt Market to Global Investors Through Clearstream Link
The link will allow foreign investors to buy and hold Kenyan Treasury securities without opening local custody accounts, potentially increasing...
East Africa Moves to Deepen Cross-Border Financial Integration
African Development Fund backs regional initiative with $9 million grant to strengthen capital markets and payment systems across nine countries
Ghana, Côte d’Ivoire Deepen Cocoa Price Coordination to Shield Farmers from Market Swings
Ghana and Côte d'Ivoire are deepening coordination on cocoa pricing as the world's two largest producers seek to cushion farmers...
1,700 Refugee and Host Community Youth Receive Digital Skills Training in Kenya
The initiative combines community-based training, Microsoft certifications and employment pathways to expand digital opportunities for young people in Kenya's two...
Mali’s $190 Million Power Project to Connect 10,000 Households
African Development Bank-backed project will expand the capital's electricity network and improve power reliability for homes, businesses and industry.
Mandela Day Marked with Nationwide Acts of Service and Renewed Focus on Dignity
From new classrooms and children's books to food relief and water access, organizations across South Africa honored Nelson Mandela's legacy...
Inclusive Education Seen as Foundation for Africa’s Sustainable Growth
Quality, inclusive education is the cornerstone of Africa's sustainable future, with experts urging reforms rooted in Ubuntu and decolonization.