EU-South Africa Summit Seals Historic €4.7 Billion Investment Deal
CAPE TOWN, South Africa (BG) — The eighth EU-South Africa summit, held Thursday in Cape Town, marked a significant milestone...
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.
Institutional, Policy Reforms Key to Boosting Liberia’s Economic Growth
MONROVIA, Liberia (BG) — Institutional and policy reforms are essential for driving sustainable economic growth and development in Liberia, according...
African Union, EU Strengthen Ties with €20M Capacity-Building Agreement
ADDIS ABABA, Ethiopia (BG) – The African Union (AU) and the European Union (EU) have signed a €20 million agreement...
Microsoft Invests Nearly $300M in South Africa to Expand AI, Digital Skills
JOHANNESBURG (BG) — Microsoft has announced an additional ZAR 5.4 billion ($280 million) investment in South Africa, expanding its Artificial...
Mozambique’s Growth Projected to Recover to 3% in 2025, IMF Says
MAPUTO, Mozambique (BG) – Mozambique’s economy is expected to recover in 2025, with growth projected at 3% as social conditions...
South Africa Has a Chance to Revitalize Its Economy, Report Finds
JOHANNESBURG (BG) – South Africa can achieve inclusive economic growth and job creation through targeted reforms, according to a new...
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...
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...
Morocco Names First Female Prime Minister after Historic Election
Fatima Ezzahra El Mansouri becomes Morocco’s first female prime minister after PAM wins the most seats, setting up negotiations to...
Kenya Breaks Ground on $16 Billion Dangote Refinery in Lamu
East African country launches construction of a $16 billion Dangote refinery in Lamu, a project officials say will create 60,000...
What Can Africa Achieve Without a Security Council Seat?
Africa’s push for a permanent U.N. Security Council seat remains stalled. Elsewhere, the continent is building leverage through taxes, debt,...
Uganda Casts Wide Net in Talent Hunt Ahead of 2027 AFCON
East African Country is exploring diaspora players with ancestral ties as the Cranes look to broaden their talent pool for...