Africa

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

$2bn railway rewires Southern Africa

Zimbabwe and Zambia signed a $2.18 billion MoU on April 11 to build the 311-kilometre Lion's Den to Kafue railway,…

IFC pays $111m for Morocco’s waste

The IFC approved a €95 million ($111 million) loan for Morocco's OCP Group to build a 22-million-tonne phosphogypsum storage facility…

SA wins first IFC rand loan

The IFC and Citi have signed a R1.6 billion ($98 million) rand borrowing facility that gives the World Bank's private-sector…

BlackRock’s $28bn South Africa bet grows

BlackRock's Global Infrastructure Partners chairman Adebayo Ogunlesi disclosed at a Cape Town summit that BlackRock manages $28 billion in South…

Rwanda locks in $250m IMF credit facility

The IMF Executive Board approved Rwanda's $250 million, 38-month Extended Credit Facility on June 9,…

Nigeria’s trade surplus triples to N7.55tn

Nigeria's Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71…