Africa

Pan-African business news covering all 54 nations. Continental trade, AfCFTA developments, multi-country investment, and business intelligence spanning the entire African continent.

Africa’s $164bn sovereign funds eye minerals

Africa's sovereign wealth funds have surpassed $164 billion in combined assets and are repositioning as active co-investors in mining development.…

OCP secures €450m AfDB green guarantee

The African Development Bank and OCP Group signed a €450 million partial credit guarantee in Rabat on May 22, the…

Tinubu’s three-year reform scorecard is mixed

Three years into Tinubu's reforms, Nigeria's GDP averages 3.46% quarterly growth, external reserves stand at $49.26 billion and federal revenues…

Zimbabwe’s NRZ wins $150m Afreximbank rescue

Zimbabwe's National Railways of Zimbabwe is finalising a $150 million short-term loan from Afreximbank to rehabilitate railway infrastructure and refurbish…

South Africa’s June 30 shutdown arrives

Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…