A new concept car from Caterpillar Inc. has drawn interest from tech and construction enthusiasts all over the world in recent months. The company is famous for making some of the toughest construction tools. They just showed off a smart pickup truck concept that is perfect for tough industrial job sites. The concept car has […]
Claude Kameni is a fashion designer from Cameroon who makes expensive clothes that are inspired by African culture. She hasn’t released a “2026 collection” yet, but she has been working on a prom couture raffle that was announced in early 2026. The winners will be chosen by February 7. These unique items are made for […]
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 twenty-first century was essentially nonexistent. It became Africa’s largest commercial partner in 2009, surpassing the US, and by 2020, […]
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 outcomes of the African Protected Areas Congress was the trust. It was the first time that African leaders, people, and […]
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 converse over a three-day period on ways to improve trade, investment, and industrial ties between our continent and the United […]
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 “enduring” to express the enduring commitment the United States has made to Africa. In a statement, the president of the […]
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 Goyal, who spoke at the opening of the 17th CII-Exim Bank conference, trade between India and African countries has been […]
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, freshwater habitats and ocean ecosystems occupy 64% of the continent, and 38 of the 55 African Union member states are […]
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 rate hikes. Reportedly, the central bank may raise interest rates again next week. Consumer prices rose 18.6 per cent from […]
Climate finance projects are becoming an increasingly important resource for East African nations as they seek to improve the economic well-being of coastal communities, support biodiversity, and take climate-related action. A high-level political forum on sustainable development is currently taking place at the headquarters of the United Nations in New York City. On the periphery […]
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 profit from the trend, with some reporting that they have started to turn away consumers because they cannot satisfy demand. […]
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 farmers, 35 per cent of whom are women, grow a targeted 38 million tons of additional wheat, corn, rice, soybeans […]
Zimbabwe will begin to sell gold coins later this month to tame inflation, the country’s central bank announced this week. The inflation in Zimbabwe continues to send costs soaring for everything from fuel to groceries. The country in southern Africa will begin issuing gold coins to its citizens as the local currency dramatically loses value. […]
It has been decades since Somalia has been open to international business, but on Sunday, the government of Somalia made the announcement that it has awarded banking licenses to two foreign firms. The Somali Central Bank said in a statement that the Egyptian bank Banque Misr and the Turkish bank Ziraat Katilim are the first […]
Egypt bulks up the most wheat in a tender with the biggest purchase in years amid the Russia-Ukraine war. Egypt is the world’s largest wheat importer, and the supply is subject to price changes on the global market. Egypt has taken the advantage of a recent price slump of wheat to bolster stockpiles because Russia’s […]
Kenya has signed a memorandum of understanding (MoU) with Saudi Aramco, a Saudi Arabian Oil Company, to help import refined petroleum products at lower prices than the global rates amid high gas prices. The National Oil Corporation of Kenya (NOCK) announced the news. Many towns in Kenya have been hit hard by an unprecedented fuel […]
Zimbabwe’s central bank plans to hike the interest rate, already the highest in the world, to 190% to control the soaring inflation. A member of the bank’s monetary policymaking committee (MPC) announced the news as the bank seeks to put a brake on soaring inflation. Persistence Gwanyanya, a member of the MPC, said the intention […]
According to the report, which was based on a survey of 200 sub-Saharan African business executives, the UAE invested $1.2 billion in Sub-Saharan Africa during the previous five years, or 88% of all investments made between January 2016 and July 2021. The paper, which Dubai Chamber commissioned, looked at a number of themes that changed […]
In the latest development, Kenya Airways has signed a deal with Eve Holding Inc to purchase 40 flying electric taxis. Kenya Airways will introduce these taxis through its subsidiary, Fahari Aviation. Brazilian company EVE UAM LLC will bring the Electric Vertical Take-Off and Landing (eVTOLs) aircraft to Kenya. eVTOL is an electric-powered cruise vehicle with […]
The cash-strapped government of Sudan has broken its pledges to acquire the country’s wheat harvest at more favorable prices, which has put the country’s grain at risk of being wasted. Farmer Modawi Ahmed is one of the hundreds of people who have worked to cultivate the grain as part of Al-Gezira, which is the largest […]