Economic Diversification key to Equatorial Guinea’s Growth, World Bank says
MALABO, Equatorial Guinea (BG) — Equatorial Guinea must diversify its economy beyond oil, invest in human capital and strengthen institutions...
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.
Kenya, Afreximbank Sign $1 Billion Deal to Boost Industrialization
MOMBASA, Kenya (BG) — Kenya and Afreximbank have signed a $1 billion agreement to develop the Dongo Kundu and Naivasha...
Nigeria’s Tinubu Signs N54 Trillion 2025 Budget, Pledges Fiscal Discipline
ABUJA, Nigeria (BG) – President Bola Ahmed Tinubu has signed Nigeria’s N54.99 trillion ($36.6bn) 2025 budget into law, marking a...
Call for Investment and Economic Growth at Cameroon Economic Meetings
Yaoundé, Cameroon (BG) – A strong call for increased investment and economic revitalization took center stage at the Cameroon Economic...
Nigeria Records 3.84% GDP Growth in Q4 2024, Fastest Pace in 3 Years
ABUJA, Nigeria (BG) — Nigeria’s economy grew at its fastest pace in three years, expanding by 3.84% year over year...
African Dev’t Bank Partners with Interpol to Tackle Financial Crime in Africa
ABIDJAN, Côte d'Ivoire (BG) – The African Development Bank Group (AfDB) has partnered with the International Criminal Police Organization, or...
Ethiopia Secures $600 Million Investment for Dairy, Commercial Farming
ADDIS ABABA, Ethiopia (BG) — Ethiopia has signed a $600 million agreement to develop an Integrated Dairy and Commercial Farming...
Africa’s Economic Growth is Strengthening but Remains Vulnerable, Report Says
ADDIS ABAB, Ethiopia (BG) - Africa's economy is showing signs of recovery but remains vulnerable to global uncertainties, according to...
Somaliland Attracts Global Investors, Seeks Trump’s Recognition
DUBAI, United Arab Emirates (BG) — Somaliland is positioning itself as a strategic economic gateway in the Horn of Africa,...
Les Nations Unies saluent la résilience économique de la Côte d’Ivoire
CNUCED salue la résilience et croissance économique ivoirienne, clé pour la stabilité régionale ouest-africaine.
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...