Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
A majority of new users of the Kenya Hustler Fund get their loans capped at a maximum of KSh 500. Though this limit may appear low, it is not set in stone, as the credit limit for this platform keeps on increasing over time for responsible users through an automated system of evaluation. Kenya Hustler […]
A digital revolution is being brought about within the banking sector in Africa. African Neobanking Services, Conventional banks are moving forward from the use of simple mobile banking services and are opting for a more sophisticated digital platform, AI solutions, embedded finance solutions, and cross-border payment solutions. This is aiding conventional banks to serve many […]
When most people think of booming economies, their minds drift to Dubai, Singapore, or Shanghai. But lately, another continent has quietly joined the race, Africa. While Africa’s rise is often discussed in national terms, in Nigeria, Egypt, and Kenya, the real transformation is happening city by city. From Addis Ababa’s glittering towers to Dar es […]
The latest U.S. News & World Report rankings have named the United Arab Emirates (UAE) the most economically stable country in the world. This recognition comes amid global economic uncertainty and highlights the UAE’s fiscal resilience, investor confidence, and strategic planning. The survey assessed 89 countries, measuring economic stability as a key indicator of national […]
Currently, one of the major economic elements is the currency exchange rate for Bangladesh. The Bangladeshi Taka (BDT) currency value. As a result, it is necessary for businesses, students, travelers, and investors to stay updated daily. The Significance of Today’s Exchange Rate Today, the value of Taka will change simply due to forces in the […]
Africa’s billionaires are more than just symbols of huge wealth; they are also the builders of industries, the leaders of new ideas, and the pioneers who are shaping the future. The best people in Africa are strong, creative, and good at business. For example, Nigeria is a world leader in cement and telecom, and South […]
The Central Bank of Nigeria (CBN) is still very important when it comes to setting the official exchange rates of the Naira (NGN) against the world’s major currencies as of September 2025. The Nigerian Foreign Exchange Market (NFEM) sets the official rates, which show how the government handles money and the economy. Rate of Exchange […]
The Central Bank of Nigeria (CBN) has released its updated exchange rates for Tuesday, August 26, 2025, revealing a day of mixed performance for the Naira (₦) across major global and regional currencies. While the local currency showed modest resilience against the US Dollar (USD), it recorded slight declines against other heavyweights like the Euro […]
The Central Bank of Nigeria (CBN) has released the official exchange rates for the Naira today, Monday, August 25, 2025. These rates help guide businesses, importers, and individuals dealing with international transactions. This article breaks down today’s buy and sell rates for major currencies like the US Dollar, British Pound, Euro, and others. It also […]
The announcement of sweeping U.S. tariffs in April 2025 marked a turning point in global trade relations, but the aftershocks were not limited to the world’s largest economies. Across Africa, nations reliant on gold as a source of export revenue, foreign reserves, and monetary stability found themselves exposed to a global commodities upheaval that quickly […]
Bitcoin is the world’s first decentralized digital currency, introduced in 2009 by the pseudonymous Satoshi Nakamoto. Operating on blockchain technology, it allows peer-to-peer value transfers without intermediaries like banks. With a fixed supply of 21 million coins, Bitcoin offers transparency, security, and a deflationary model that has attracted growing interest from individuals, institutions, and even […]
South African ostrich farmers expect to be affected financially, with a notice that their exports to the U.S. will incur a 30% tariff beginning on August 1 as a result of a delayed trade agreement. The tariff directly affects the trade in ostrich leather which is an especially lucrative trade for South Africa and an […]
South Africa is preparing to shake up the digital banking environment as the South African Reserve Bank (SARB) embarks on a daring initiative to modernise the tests and payment ecosystem of the country. The Payment Ecosystem Modernisation (PEM) programme will phase out traditional methods such as EFTs and even instant payments in return for more […]
Need to send products overseas from Nigeria fast and reliably? Picking the right logistics company is key. On this list we highlight 7 logistics companies from leaders like MDS and TSL to upstarts such as Fortune Global, providing fast international shipping solutions in Nigeria in 2025. 1. MDS Logistics One of the leading logistics suppliers […]
The signing of a $4 billion agreement with Dubai-based Alpha MBM Investments to build a 60,000 barrels-per-day oil refinery marks a new chapter in Uganda’s oil journey, as it is the most significant milestone in the last 13 years in Uganda’s quest for a credible investment partner. The agreement unlocks value to Uganda to realise […]
South Africans will be seeing a welcome reduction of petrol prices this August, primarily from a resilient rand that continues to absorb the impact of the global oil market’s volatility. The Central Energy Fund (CEF) has announced in its latest report that there is currently an over recovery on petrol prices which will reduce the […]
In a welcome change for consumers and businesses in Nigeria, seven banks in Nigeria have now restored international dollar payments using Naira-denominated debit cards. After almost three years of restrictions, these seven banks have revived the option for users to now perform foreign purchases and subscriptions directly, without the need of a domiciliary account or […]
Nigeria has begun its landmark tax reform process with the creation of four new laws such as Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service Act and Joint Revenue Board Act which will come into force on the 1st January 2026. Consolidated and Simplified Tax System The Nigeria Tax Act consolidates over 50 […]
The Federal Government of Nigeria is about to launch its ‘Africans for Africa’ Fund, a new financing programme that is designed to support African-led investment that will revolutionize Africa’s mining and natural resources sectors. The announcement was made in advance of the 2025 African Natural Resources and Energy Investment Summit (AFNIS), scheduled to be held […]
During the 32nd Annual Meetings of Afreximbank recently held in Abuja, Nigeria, the continent of Africa launched PAPSSCARD, the first Pan African card payment scheme. PAPSSCARD is a new Pan African payment scheme developed by the African Export Import Bank (Afreximbank) in partnership with the Pan African Payment and Settlement System (PAPSS) and Mercury Payment […]