South Africa Accelerates Economic Reforms to Boost Growth
PRETORIA, South Africa (BG) — South Africa has intensified its economic reform efforts to stimulate growth in 2025, focusing on...
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 Debuts Stock Exchange Amid Economic Reforms
ADDIS ABABA, Ethiopia (BG) — Prime Minister Abiy Ahmed launched the Ethiopian Securities Exchange (ESX) on Friday, marking a significant...
Mauritania Secures $27M to Modernize Energy Sector
NOUAKCHOTT, Mauritania (BG) — Mauritania and the U.S.-based Millennium Challenge Corporation (MCC) have signed a $27 million threshold grant agreement...
Tunisia Secures €80 Million Loan for Road Infrastructure Modernization
TUNIS, Tunisia (BG) — The African Development Bank (AfDB) has approved a €80.16 million loan to Tunisia to finance the...
Africa’s Critical Minerals Key to Trade and Sustainable Development
ADDIS ABABA, Ethiopia (BG) - Africa's wealth of critical minerals, including cobalt, lithium, and nickel, offers an unprecedented opportunity to...
Ethiopia Opens Banking Sector to Foreign Investment, Ushering in a New Economic Era
ADDIS ABABA, Ethiopia (BG) - Ethiopia has officially opened its banking sector to foreign investors, marking a significant step in...
Climate Tech in Sub-Saharan Africa Gets $10 Million Boost from African Dev’t Bank
ABIDJAN, Ivory Coast (BG) - The African Development Bank (AfDB) has committed $10 million from its Sustainable Energy Fund for...
Zimbabwe Launches $23.7 Million Project to Reduce Mercury Use in Artisanal Gold Mining
HARARE, Zimbabwe (BG) - Zimbabwe’s government has launched a $23.7 million project aimed at reducing mercury use in artisanal and...
Cameroon Secures €330 Million from African Development Bank to Boost Douala-N’Djamena Corridor
DOUALA, Cameroon (BG) - The African Development Bank Group (AfDB) has approved two loans totalling €330.48 million to Cameroon for...
$50 Million Financing Deal Targets Women-led Enterprises in Nigeria
RABAT, Morocco (BG) - The African Development Bank (AfDB) Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is...
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...