Business

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…

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…

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.…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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 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…

Businesses in Africa's largest oil producer, Nigeria, are turning to solar enterprises for mini-grids and equipment as diesel prices have risen due to rising global oil prices. However, supply restrictions may hinder their capacity to…

The Board of Directors of the African Development Bank Group has approved a 121 million-Euro loan to Senegal, a country in West Africa, to implement an emergency agricultural program.  The fund will help 850,000 small…