Afreximbank Ends Fitch Ratings Relationship, Cites Misalignment
The African Export-Import Bank (Afreximbank) said Friday that it has ended its credit rating relationship with Fitch Ratings, citing concerns...
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 Clears Fourth Review as Economic Reforms Exceed Targets
Ethiopia has completed the fourth joint review of its economic reform program, with results surpassing expectations and unlocking $261 million...
Ghana Clears $1.47 Billion in Energy Debts, Restores World Bank Guarantee
The Government of Ghana paid about $1.47 billion in 2025 to clear energy sector arrears, restore a key World Bank...
Egypt Tapped as Potential Hub for Pan-African Gold Bank
The Central Bank of Egypt and African Export-Import Bank have signed a memorandum of understanding to establish a pan-African Gold...
Equatorial Guinea Moves Capital from Malabo to Ciudad de la Paz
Equatorial Guinea has officially moved its capital from the island city of Malabo to Ciudad de la Paz, or City...
Rwanda Tops Africa in World Bank Business Ready Rankings
Rwanda ranks as the top-performing economy in Africa for business readiness, according to the World Bank Business Ready 2025 report,...
Nigeria’s Tinubu Hails Economic Growth After 2025 Gains, Tax Reforms
President Bola Tinubu said Nigeria is entering a more robust phase of economic growth in 2026, citing reform gains in...
Diana Orembe Wins Africa’s Business Heroes 2025 Top Prize
Diana Orembe, co-founder of Tanzania-based biotech startup NovFeed, has won the 7th edition of the Africa’s Business Heroes (ABH) Prize...
Nigeria’s Lagos State Bonds See Strong Investor Demand
Robust investor demand for conventional and green notes boosts the state's funding plans
Namibia Repays $750 Million Eurobond, Largest Debt Maturity in Its History
Namibia has fully repaid its $750 million Eurobond issued in 2015, the country’s largest-ever debt maturity, according to a government...
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...