Burkina Faso Patriotic Fund Raises $828 million in 3 Years, Surpassing Target
Burkina Faso's Patriotic Support Fund mobilized 496.97 billion FCFA ($828 million) between 2023 and 2025, exceeding its 400 billion FCFA...
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 Commits $2.5 Billion to Dangote Refinery Financing
The African Export-Import Bank (Afreximbank) committed $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum Refinery...
West Africa Takes a New Approach to Tax Reform
A $5.52 million grant agreement signed in early March between the West African Tax Administration Forum (WATAF) and the African...
Ethiopia Draws $13.1 Billion in Investment Deals at Annual Forum
Ethiopia secured $13.1 billion in investment agreements at the conclusion of the "Invest in Ethiopia 2026" Forum in Addis Ababa,...
Africa, Latin America Seek Stronger Trade Ties at WTO Meeting
African and Latin American leaders are seeking to deepen trade and economic ties, highlighting untapped potential between the two regions...
At WTO Talks in Yaoundé, African Nations Push to Expand Cotton Value Chain
African ministers and development partners are pushing to expand cotton processing and textile production as a pathway to jobs and...
Okonjo-Iweala Urges Stronger Partnerships as WTO Launches Trade Support Program
World Trade Organization Director-General Ngozi Okonjo-Iweala on Thursday called for stronger global partnerships as a new phase of a trade...
Women Entrepreneurs Receive First Grants as Global Trade Initiative Marks a Decade
A global fund supporting women exporters began releasing its first round of grants this week as trade officials and business...
Ethiopia’s Banking Sector Gains Strength as Reforms Draw Foreign Investors
Ethiopia’s banking sector showed improved resilience and stronger financial indicators over the past fiscal year, the National Bank of Ethiopia...
Mozambique Launches $28 Million Recovery Project in Conflict-Hit North
Mozambique, the African Development Bank and the United Nations Development Programme have launched a $28 million project to rebuild livelihoods...
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...