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Business Africa

African Union Agency Slams Fitch’s ‘Flawed’ Afreximbank Downgrade

The African Peer Review Mechanism (APRM), a specialized agency of the African Union, has strongly criticized Fitch Ratings' recent downgrade of the African Export-Import...
Business Africa

Kenya Central Bank Cuts Main Lending Rate to 9.75%

Kenya's central bank has cut its benchmark lending rate to 9.75% from 10.00%, marking the sixth consecutive reduction in its monetary policy stance. The...
Business Africa

Africa Can Self-Fund Infrastructure with Over $4 Trillion in Domestic Assets, Says AFC

Africa holds the financial capacity to drive its own infrastructure transformation, with over $4 trillion in investable domestic capital available on the continent. This...
Business Africa

Designer Ozwald Boateng Puts Africa on World Stage at Met Gala

British-Ghanaian fashion maestro Ozwald Boateng made a striking and impactful debut at the Met Gala in New York this May, capturing hearts and minds...
Business Africa

Nigerian Crude Commands Premium: Bonny Light Edges Brent, New “Obodo” Blend Hits Market

Nigeria's crude oil benchmarks are currently experiencing a favorable market dynamic, with the nation's flagship grade, Bonny Light, trading at a slight premium over...
Business Africa

African Startups Secure $254 Million in May, Egypt Leads Investment Wave

African startups successfully raised a total of $254 million in May 2025, marking a notable month for the continent's burgeoning tech ecosystem with Egypt...
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