Gabon President Sets 10% Economic Growth Target for 5th Republic
President Brice Clotaire Oligui Nguema announced Saturday that Gabon will target 10% annual economic growth under the Fifth Republic, setting...
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.
Africa50 Tops $1.4 Billion in Assets as Infrastructure Push Expands
Africa50, an African infrastructure fund, said Wednesday it has surpassed $1.4 billion in assets, reflecting rising investor confidence in large-scale...
Nigeria Needs $1.3 Trillion for Industrial Transformation, Minister Says
Nigeria needs at least $1.3 trillion in annual financing to accelerate its industrial transformation and achieve economic sovereignty, the country's...
Ethiopia’s Export Reform Drives Record-Breaking Economic Turnaround
Addis Ababa - Ethiopia earned more than $8.1 billion in export revenue this year, surpassing its target by $3 billion...
African Investment Day Builds Momentum for Pan-African Partnerships in Istanbul
ISTANBUL - African Investment Day brought together government officials, investors and industry experts on June 27 for a full day...
South Africa Accelerates Drive to Expand Intra-African Trade
JOHANNESBURG - South Africa is accelerating efforts to expand intra-African trade through the African Continental Free Trade Area, positioning itself...
Namibia Deepens Regional Ties Through Trade and Energy
PRETORIA -Namibia's President Netumbo Nandi-Ndaitwah conducted high-level visits across Southern and Eastern Africa to transform strong political ties into sustainable...
South Africa, Nigeria Lead 2025 List of Africa’s Fastest-Growing Companies
CAPE TOWN - A fresh ranking of Africa’s fastest-growing companies highlights South African and Nigerian firms as key drivers of...
Nigeria Launches $500 Million Climate Finance Platform
ABUJA - Nigeria has launched a new initiative to attract $500 million in climate funding to support clean energy, infrastructure...
‘Without Infrastructure, There’s No African Continental Free Trade Area’
ACCRA, Ghana - The African Continental Free Trade Area (AfCFTA) offers vast potential to transform Africa’s economic landscape, but without...
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...