Nigeria’s United Capital Becomes First Foreign Investment Bank Licensed in Ethiopia
The Lagos-headquartered group also secures an investment banking license in Rwanda, taking its pan-African footprint to 12 countries across West,...
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.
New Botswana City Project Launched to Support Economic Diversification
GABORONE Botswana has launched the New Botswana City project in Gaborone, a development expected to attract investment, create jobs and...
Dangote Retains Africa’s Most Admired Brand Title for 8th Consecutive Year
The industrial conglomerate topped the 2026 Brand Africa rankings and said the honor validates its commitment to building industries and...
African Electric Mobility Firm Spiro Raises $215 Million for Continental Expansion
Fresh funding will help the company expand its battery-swapping network, boost local manufacturing and enter new African markets as demand...
African Development Bank Governors Call for Faster Reform of Continent’s Financial Architecture
At the African Development Bank Group’s 2026 Annual Meetings in Brazzaville, governors endorsed President Sidi Ould Tah’s Four Cardinal Points...
Madagascar Secures $68 Million for Economic and Governance Reforms
Financing will support public financial management, tax administration, energy access and efforts to attract private investment
Morocco Overtakes South Africa as Africa’s Leading Industrial Economy
African Development Bank's 2025 Industrialization Index ranks Morocco first on the continent, citing export diversification and sustained industrial policy reforms,...
Dangote Deepens East Africa Investment Drive
Energy, fertilizer and the continent’s push to process its own resources
World-Class Port Operator Pledges $600 Million Investment in Nigeria
Investment to support Apapa port modernization following talks at Africa CEO Forum in Kigali
Ethiopia Export Earnings Surge to $8.7 Billion in Ten Months
Ethiopia’s export revenues rose 43% to $8.71 billion in the first ten months of the current fiscal year, beating the...
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...