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Business Africa

Gabon to audit public debt after securing $150m World Bank support package

Gabon has announced plans to conduct a comprehensive audit...

IMF staff deal clears path for $843.9m support package for Ivory Coast

IMF officials said the programme focuses on fiscal consolidation, debt sustainability, and structural reforms aimed at strengthening governance and boosting private sector-led growth.

WTO Urges West Africa to Strengthen Regional Value Chains and Boost Trade Competitiveness

The World Trade Organization (WTO) is encouraging West African nations to prioritize the development of regional value chains and diversify their economies away from...

Zambia Expands Space Ambitions with New Radio Telescope to Track Cosmic Events and Satellites

Zambia has made a significant leap in its space science ambitions with the unveiling of its first Transient Array Radio Telescope (TART), positioning the...

Ethiopia to Begin Trading Under AfCFTA on July 1 Amid Ongoing Foreign Exchange Pressures

Ethiopia will officially commence trading under the African Continental Free Trade Area (AfCFTA) on July 1, 2025, in a significant step toward deepening its...

Rwanda Secures Landmark WASH Loan to Drive Nationwide Water and Sanitation Transformation

Rwanda has taken a bold step in closing its infrastructure financing gap with the launch of its first major Water, Sanitation, and Hygiene (WASH)...

Hemingways Hospitality Expands into Rwanda with Acquisition of Heaven Holdings

Hemingways Hospitality, a leading luxury hospitality group based in Nairobi, has officially entered the Rwandan market with the acquisition of Heaven Holdings, a respected...

Ghana Secures Crucial $2.8 Billion Debt Relief to Reinforce Economic Recovery

Ghana has taken a major step toward stabilizing its economy with the parliamentary approval of a $2.8 billion debt relief package brokered with 25...

Equities Rally as Select SWOOT Stocks Surge and All-Share Index Nears 120,000

The Nigerian stock market maintained its bullish momentum this week, with the All-Share Index (ASI) moving closer to the 120,000-point milestone. This performance was...

Lagos State Digitizes Blood Transfusion Services with Launch of HaemoCentral and LSBTC Website

Lagos State has introduced two new digital platforms, HaemoCentral and an upgraded Lagos State Blood Transfusion Committee (LSBTC) website, to modernize the coordination, safety,...

Cocoa Prices Fall Below $9,000 as Nigeria Moves to Expand Chocolate Production

Cocoa futures have dropped below the $9,000 per ton mark, settling at $8,796 this week amid shifting global market conditions. The decline is attributed...

Dangote Cement Declares N30 Dividend Following Strong FY 2024 Performance

Dangote Cement Plc has announced a final dividend of N30 per share for the financial year ended December 31, 2024, following shareholder approval at...

NERC Transfers Regulatory Oversight of Abia Electricity Market to ASERA

The Nigerian Electricity Regulatory Commission (NERC) has formally transferred regulatory authority over Abia State’s electricity market to the Abia State Electricity Regulatory Authority (ASERA),...

Malala Fund Launches $50 Million Strategy to Advance Girls’ Education, Prioritises Nigeria

The Malala Fund has unveiled a new $50 million global grantmaking strategy aimed at accelerating progress in girls’ education, with Nigeria positioned as a...
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