South African stocks soar following historic political alliance
South Africa’s main stock index has seen its biggest increase of the year demonstrating investor confidence in the country’s...
Economic and business trends in Africa.
One of Nigeria’s largest cocoa producers gets $23.3 million boost from IFC
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a $23.3 million financing deal...
Dubai firm to construct $4 billion alumina refinery in Guinea
UAE’s Emirates Global Aluminium (EGA) through its subsidiary Guinea Alumina Company (GAC) has signed an agreement with the Republic...
Australia’s energy giant Woodside begins offshore oil production in Senegal
Senegal has officially joined the ranks of oil-producing countries following the announcement of the first oil from the Sangomar...
Nigeria’s Fidelity Bank secures $40 million from Afreximbank for Union Bank UK takeover
The African Export-Import Bank (Afreximbank) has given a $40 million Intra-African Investment facility to Fidelity Bank Nigeria Plc to...
New financial mechanisms needed to address Africa’s affordable housing crisis; says Nigeria’s housing minister, Arc. Dangiwa.
Speaking at the Ministerial Roundtable on “Innovative Financing for Housing Affordability,” held during the Shelter Afrique Development Bank (SHAFDB)...
African ministers support Shelter Afrique Development Bank’s capitalization initiatives
The African ministers of housing, urban planning and development have pledged to support capital raising initiatives by pan-African premier...
Russia to set up floating nuclear power plants in Guinea
Russia and the Republic of Guinea have signed a memorandum of understanding at the St. Petersburg International Economic Forum...
Ditching the dollar: DR Congo’s central bank enforces franc-only e-payments
The Central Bank of Congo (BCC) has issued a new mandate requiring all Electronic Payment Terminals (EPTs) in the...
South Korea gives loans to Ethiopia and Tanzania for key mineral rights
Tanzania and Ethiopia have signed loan agreements with South Korea, securing billions of dollars in funding as part of...