4 African Countries Removed from Global Illicit Finance Watchlist
Four African countries, namely Nigeria, South Africa, Mozambique and Burkina Faso, have been removed from the Financial Action Task Force...
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.
Angola Secures $124M for Youth Jobs and Entrepreneurship Boost
The Government of Angola, in partnership with the African Development Bank and the European Union, has launched the $124 million...
Nigeria Inflation Falls to Three-Year Low as Food Prices Ease
Nigeria’s inflation rate dropped to 18.02% in September, its lowest level in more than three years, as food prices eased...
Ethiopia Lays Foundation for Fertilizer Plant and Oil Refinery
Projects aim to boost Ethiopia’s self-sufficiency in energy and agriculture while fostering unity and global competitiveness.
US-Africa Trade Pact Expires Amid Growing Uncertainty
The African Growth and Opportunity Act (AGOA) has expired, marking the end of 25 years of duty-free access to the...
AU: Africa Loses $88 Billion Annually to Illicit Flows
Africa is losing an estimated $88 billion every year due to illicit financial flows, according to a new report by...
Made in Africa Spirit Sets the Tone for Trade
The Intra-African Trade Fair 2025 opened Thursday with a strong call for African nations to turn ambition into action on...
‘Africa Is Watching. The Youth Are Waiting. It Is Time for Action’
“Africa is watching. The youth are waiting. It is time for action,” declared Dr. Sidi Ould Tah on Monday as...
Ethiopia, Dangote Group Sign $2.5B Fertilizer Complex Deal
Ethiopia has signed a $2.5 billion shareholder investment agreement with Nigeria’s Dangote Group to build a massive fertilizer production complex,...
Ghana Battles to Save Cocoa Industry as Production Falls to 20-Year Low
Cocoa production in Ghana has dropped to its lowest level in two decades, prompting the government to acquire 200,000 hectares...
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...