Cameroon, Chad Open Bridge to Boost Cross-Border Trade
YAGOUA, Cameroon — The prime ministers of Cameroon and Chad inaugurated a new bridge over the Logone River on Monday,...
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.
Afreximbank Launches $3 Billion Program to Boost Intra-African Oil Trade
CAIRO - The African Export-Import Bank (Afreximbank) announced Monday it is providing $3 billion in financing to help African countries...
Mozambique Dispatches First Shipment Under Africa’s Free Trade Agreement
BEIRA, Mozambique - Mozambique marked a major milestone Saturday as it officially launched its first shipment of goods under the...
Afreximbank Hosts 1st FOCUS Africa Forum to Boost Trade and Investment
CAIRO, Egypt (BG) – The African Export-Import Bank (Afreximbank), in collaboration with Egypt and the Group of African Ambassadors in...
Afreximbank Inaugurates Landmark African Trade Centre in Nigeria
ABUJA, Nigeria (BG) - The African Export-Import Bank (Afreximbank) inaugurated its first African Trade Centre (AATC) on Thursday in Abuja,...
Nigeria Begins $538 Million Agro-Industrial Project Across Eight States
ABUJA, Nigeria (BG) - Nigeria’s government and the African Development Bank (AfDB)have launched the first phase of a $538 million...
Egypt, France, EU sign nine financing, grant agreements worth €262 million
CAIRO, Egypt (BG) - Egypt, France and the European Union have signed nine financing and grant agreements worth €262.3 million...
Lesotho’s Economy Faces Uncertainty as U.S. Imposes Record-High Tariff
MASERU, Lesotho (BG) – Lesotho, one of Africa’s most trade-dependent economies, faces a major shock as U.S. President Donald Trump imposes...
Nigeria’s Economy on Upward Path, Finance Minister Says
ABUJA, Nigeria (BG) — Nigeria has made significant progress in stabilizing its economy, recording 3.84% GDP growth in the fourth...
First African Trade Center in Barbados to Boost Africa-Caribbean Ties
BRIDGETOWN, Barbados (BG) — In a landmark move to deepen Africa-Caribbean relations, the African Export-Import Bank (Afreximbank) on Monday laid...
Ethiopia’s First AI Startup Incubation Program Graduates Inaugural Cohort
Six-month incubation program equips entrepreneurs with mentorship, technical support and industry connections to bring AI innovations to market.
Luanda Declaration Pushes African Leaders to Turn Blue Economy Plans into Action
Declaration calls for turning Africa's blue economy strategies into measurable action, backed by financing, stronger institutions and regional cooperation
Nigerian Entrepreneur Raises $7 Million for Hair-Braiding Robot
Harvard MS/MBA graduate Yinka Ogunbiyi founded HaloBraid to ease the time and strain of professional hair braiding.
Dangote Refinery Completes $2.5B Private Equity Placement, Says Funds Will Support Expansion
Company says its private equity offering was 3.7 times oversubscribed, resulting in the issuance of about $2.5 billion in new...