Many African countries have been able to retain the value of their currencies in the face of multiple economic challenges including inflation, political changes, and the dynamics of foreign markets. Strong currencies reflect fiscal policy,…
Restrictions are imposed on the use of foreign…
In an effort to shore up declining foreign reserves in one of Africa's main economies, Ethiopia has ordered banks to withhold foreign currency from businesses that are importing non-priority commodities. This move was made in…
E-commerce enters the high-growth stage in MENA
The MENA region's e-commerce industry has entered a period of stability and rapid expansion, offering more chances for e-commerce businesses. Data from the report Digital Transformation in MENA 2022 by Checkout.com, a global leader in…
South Africa: Service SMMEs can fuel economic growth
It is widely acknowledged that SMMEs are crucial to the African economy. Eight out of every ten Africans, according to the Centre for Strategic and International Studies, work for a micro, small, or medium-sized business…
South African startup iiDENTIFii raises record $15m
The biometrics start-up iiDENTIFii in South Africa has raised $15 million in expansion financing. The Dutch Entrepreneurial Development Bank, Norfund, Rabobank Partnerships, and African investment firm Arise were among the round's key investors (FMO). The…
Business leaders from South Africa, Europe to unite
The 9th "Southern Africa Europe CEO Dialogue" will bring together some of Africa's and Europe's top business figures in Johannesburg in November to discuss strategic economic links and look into collaborative investment potential in priority…
South Africa’s CEF joins African Energy Week 2022…
The optimal production and utilization of the estimated 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves on the continent is essential for ensuring that everyone has access to energy.…
Ajufo appointed as Hudson Sandler aide for W.…
Onyebuchi Ajufo has been appointed as a partner in charge of Hudson Sandler, global strategic communications and ESG consultancy, for West Africa's business. The appointment reflects Sandler’s consistent growth in Africa, driven by flagship offices…
Japanese countries still cautious on Africa: Survey
According to a Japanese government poll presented to attendees at the eighth Tokyo International Conference on African Development (TICAD 8) in Tunis last weekend, the anticipated explosion of Japanese investment in Africa remained more of…
Africa: CDC in ‘advanced’ talks to obtain monkeypox…
Although extremely advanced conversations are being held with at least two partners, according to Africa's public health ministry, the continent of 1.3 billion people still lacks even a single dosage of the monkeypox vaccine. Ahmed…
China deploying ex-PLA personnel in Africa
To safeguard its commercial interests, China is allegedly enlisting retired members of the People's Liberation Army (PLA) as covert security contractors throughout Africa. China's involvement in commerce and investment in Africa at the start of…
The Trans-Saharan Gas-Pipeline project is now moving to…
According to the Algerian news agency APS, the Algerian, Nigerien, and Nigerian ministers of energy signed a memorandum of understanding (MoU) on Thursday for the building of a 4,400 km gas pipeline across the Sahara…
Africa gets $200 billion conservation fund
A $200 billion trust fund has been established for the preservation of the approximately 8,600 protected areas encompassing 26 million square kilometers in Africa. Conservationists have urged international aid for it. One of the numerous…
US-Africa Business Summit 2022: A success story
The 14th US-Africa Business Summit 2022, which was held in Marrakech, Morocco, from July 19 to 22, was a success, according to the Ministry of Industry and Trade. The summit's attendees had the chance to…
Biden will host an African leaders’ summit in…
The President of the United States, Joe Biden, made an announcement on Wednesday that the United States and African leaders will meet for a summit on December 13, 14, and 15. He used the word…
Italy seeks out Algeria for more gas supplies
The Italian Prime Minister, Mario Draghi, traveled to Algeria on Monday in order to sign a number of agreements, one of which was an energy deal to increase gas supply and lessen his country's reliance…
Piyush Goyal urges strengthening trade links with Africa
According to Minister of Commerce and Industry Piyush Goyal, there are four crucial areas where India can be a valued partner for African countries: solar energy, infrastructure, military cooperation, and the startup ecosystem. According to…
Africa must advertise its “blue economy”
One of the most underutilized resources for promoting economic growth and development in Africa is the "blue economy," which refers to the sustainable use of ocean and coastal resources to enhance livelihoods and jobs. Nevertheless,…
Nigeria’s Worst Inflation Rate Raises Pressure For More…
Nigeria’s inflation rate surged to a five-year high in June. The National Bureau of Statistics has disclosed in its Consumer Price Index June 2022 report. The worst inflation rate has raised pressure for more interest…
