News : Africanews

America's national debt has surpassed 40 trillion dollars for the first time - more than double what it was just 10 years ago, according to data released by the US Treasury on Wednesday.<div class="small-12 column text-center article__button"><a href="htt

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DRC: Will the copper export ban finally deliver mineral sovereignty? {Business Africa}

Business • 11:04 AM

2 min

The DRC’s cobalt and copper export ban targets billions in refining margins—but a 2,000-megawatt power shortfall could threaten its industrial ambitions, while Zambia’s copper boom is attracting billions in green-energy investment, but citizens are askin

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South Africa: Consumer inflation rate eases in July for first time in five months

Business • 3:27 PM

1 min

Statistics SA attributes the slowdown to softer food inflation, slower municipal tariff increases, and lower fuel prices.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/19/south-africa-consumer-inflatio

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Infrastructure centre of South Africa's agenda as chair of SADC

Business • 2:22 PM

1 min

South Africa says it’s putting infrastructure development at the centre of its agenda as chair of the Southern African Development Community.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/19/infrastruc

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Gazans turn to gold as hedge against financial uncertainty

Business • 2:13 PM

2 min

Palestinians buy gold at jewellery shops in downtown Gaza City, as the precious metal commodity in the war-torn territory is increasingly becoming their hedge against financial uncertainty<div class="small-12 column text-center article__button"><a href="h

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Strait of Hormuz to remain closed until US meets Iran's demands, top negotiator says

Business • 1:28 PM

3 min

More than five months into the standoff over the Strait of Hormuz, Iran's parliament speaker says the waterway will remain closed until the US meets Tehran's demands. The announcement comes as a ship transiting the Strait was hit and damaged by an "unknow

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Senegal hikes fuel prices amid surge in global oil markets

Business • 2:39 PM

1 min

Senegal has raised fuel prices in a move the government says is necessary because of the sharp rise in global oil costs.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/15/senegal-hikes-fuel-prices-amid-

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From Research to the Field: Transforming Africa’s Seed Systems

Business • 10:37 AM

9 min

On the occasion of its 20th anniversary, AGRA looks back on a transformation that starts with a seed, but goes far beyond it.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/14/from-research-to-the-field

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West Africa: gold rush reshapes the mining market [Business Africa]

Business • 10:18 AM

3 min

Soaring gold prices are reshaping the investment landscape across West Africa. In the first quarter of 2026, global demand reached 1,231 tonnes, representing a record $193 billion market up 74% year-on-year.<div class="small-12 column text-center article_

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Libya’s central bank governor resigns without explanation

Business • 6:11 PM

1 min

The governor of Libya's central bank, Naji Issa, has resigned without giving a reason, several reports said on Monday.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/10/libyas-central-bank-governor-resi

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Ghana inflation continues to ease in July as food prices fall

Business • 11:23 AM

1 min

Ghana’s inflation is easing again. Consumer prices rose 4.6% in July, down from 5.3% in June, the first monthly decline since March.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/07/ghana-inflation-con

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South African factories hit by migrant worker exodus

Business • 1:42 PM

1 min

Employers say many of the departing workers had valuable sewing skills that are hard to replace quickly, while locals are often unwilling to take the low-paying jobs.<div class="small-12 column text-center article__button"><a href="https://www.africanews.

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Decoding Nigeria’s crypto shift and transforming diaspora cash into capital {Business Africa}

Business • 1:08 PM

3 min

Nigeria’s new Virtual Asset Council could reshape Africa’s digital economy and transform cross-border payments and how Africa’s $100 billion diaspora remittances could move from family support to long-term investment.<div class="small-12 column text-cente

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DR Congo: Government bans export of copper and cobalt concentrates

Business • 10:37 AM

1 min

The decision is part of a move to increase local processing and hike revenue from the country's mineral wealth.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/08/06/dr-congo-government-bans-export-of-coppe

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Mining overhaul could raise $883 million for Mali projects

Business • 9:52 AM

2 min

Mali could raise up to 883 million dollars from recent mining reforms to help fund energy, water and transport projects, according to the country’s finance minister.<div class="small-12 column text-center article__button"><a href="https://www.africanews.c

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Guinea opts out of planned ECOWAS single currency, the eco

Business • 10:16 AM

1 min

Guinea says it’s opting out of the ECOWAS single currency. The 12 member West African economic bloc is set to launch the monetary union and eco currency in July 2027. Guinea is the first member state to say it's retaining its national currency.<div class=

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Ghana forecasts 16% fall in cocoa production following bad weather and disease

Business • 1:59 PM

1 min

Ghana is warning of a sharp drop in cocoa production next season, with output expected to fall by at least 16 percent.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/31/ghana-forecasts-16-fall-in-cocoa-

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IMF completes reviews in Egypt unlocking $1.8 billion

Business • 1:27 PM

1 min

The prime minister has welcomed the news, saying it is a renewed vote of confidence in the country's economic reform programme.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/31/imf-completes-reviews-in

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Zambia: Economic test looms for next administration [Business Africa]

Business • 4:19 PM

2 min

Zambia has managed to stabilize its economy after becoming the first sovereign to default on its debt obligations during the Covid-19 pandemic. In order to unlock growth amid risks, tough policy choices await the next administration<div class="small-12 co

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Kenya restores electricity after major power outage

Business • 1:45 PM

1 min

Power has been restored to several parts of Kenya after a widespread blackout left large areas without electricity overnight.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/30/kenya-restores-electricity

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South Sudan's president dismisses central bank governor

Business • 1:41 PM

1 min

The removal of Johnny Ohisa comes as Salva Kiir makes sweeping changes in the senior ranks of his government.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/30/south-sudans-president-dismisses-central-b

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Iran war paralyses neighbouring Iraq's crucial Umm Qasr port

Business • 2:45 PM

1 min

The blockade of the Strait of Hormuz has prevented commercial vessels from reaching the port, one of Iraq's main trade terminals and its only deep-water gateway.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2

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Businesses in Lagos try to stay afloat as fuel prices soar

Business • 10:53 AM

3 min

Lagos is almost six thousand kilometres from the Strait of Hormuz but the ongoing conflict in Iran is hitting the Nigerian city hard. Electricity almost never comes and the rising price of fuel is bringing many businesses to a near standstill.<div class="

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Israel and DR Congo pledge stronger ties during foreign minister's Jerusalem visit

Business • 4:32 PM

1 min

Speaking after the signing ceremony, Wagner said both countries are seeking to build a long-term partnership that benefits their citizens.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/27/israel-and-dr

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Zimbabwe opens first lithium processing plant becoming Africa's top producer

Business • 2:45 PM

4 min

Zimbabwe's first plant to process clean-energy metal lithium -- of which it is Africa's top producer -- is up and running, a milestone in its expanding drive to stop the wholesale export of its raw mineral wealth.<div class="small-12 column text-center ar

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Brazil's Lula vows response after US announces new tariffs

Business • 7:01 AM

1 min

President Luiz Inácio Lula da Silva on Friday said Brazil would not accept any other country "disrespecting" the nation as he commented on a the trade dispute with the United States<div class="small-12 column text-center article__button"><a href="https://

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Trump imposes double-digit tariffs on dozens of countries

Business • 9:09 AM

1 min

The United States announced extra tariffs of 10% to 12.5% on 60 economies late Thursday, saying the countries had failed to adequately enforce a ban on goods made with forced labor.<div class="small-12 column text-center article__button"><a href="https://

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African Trade: How small businesses can finally tap Into the free trade zone {Business Africa}

Business • 3:11 PM

2 min

Access to finance also remains a critical obstacle. To address this, the ITC has partnered with Equity Group to expand trade finance for priority sectors while providing entrepreneurs—particularly young business owners—with greater access to market intell

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Dangote Refinery Secures $2.5 Billion Investment to Expand Africa’s Fuel Production

Business • 2:56 PM

2 min

Nigeria's Dangote mega-refinery Thursday said it has secured $2.5 billion in investment from private investors to fund its expansion plans, as it widens its refining business to east Africa.<div class="small-12 column text-center article__button"><a href=

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US and Saudi Arabia sign new nuclear agreement paving way for kingdom to enrich uranium

Business • 10:41 AM

6 min

The U.S. and Saudi Arabia on Wednesday forged a new agreement that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program.<div class="small-12 column text-center article__button"><a href="https://www.afri

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Chad's desert east faces 'dire need' for access to water

Business • 12:51 AM

4 min

Rapid urban development and a growing population, estimated by local officials to be more than 500,000 inhabitants, have accentuated the problem<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/23/chads-d

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ECOWAS reaffirms plans to launch single currency in 2027

Business • 1:05 PM

2 min

The Economic Community of West African States, or ECOWAS, has reaffirmed plans to launch a single currency next year. But the bloc says it’s leaning towards a phased rollout.<div class="small-12 column text-center article__button"><a href="https://www.afr

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South Africa signs $1.5bn World Bank loan for infrastructure development

Business • 2:30 PM

1 min

It will help the country confront challenges in electricity supply, freight transport, and water and sanitation services that have long constrained economic growth<div class="small-12 column text-center article__button"><a href="https://www.africanews.com

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Skiing enthusiasts flock to slopes on Lesotho's Maluti Mountain

Business • 10:27 AM

2 min

Afriski says about 70 per cent of visitors come from neighbouring South Africa while the rest are mostly from across the region.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/21/skiing-enthusiasts-floc

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Ivory Coast looks to 'national champion' firms to lead economic development

Business • 1:11 PM

2 min

After years of political and economic turmoil, the last fifteen years have seen Ivory Coast return to stability and strong economic growth. Now the government is looking to so-called "national champion" businesses to fuel economic development and small an

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West African leaders approve Nigeria-Morocco gas pipeline

Business • 8:38 AM

1 min

West African leaders on Sunday signed an agreement approving the construction of a gas pipeline linking Nigeria to Morocco at a summit of regional bloc ECOWAS in Sierra Leone's capital Freetown.<div class="small-12 column text-center article__button"><a h

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Cameroon launches tax recovery operation in the gold sector

Business • 11:49 AM

1 min

This is part of a series of new measures to regain control over the gold sector to enhance its contribution to economic development.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/17/cameroon-launches-t

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How the Strait of Hormuz is monitored as US and Iran escalate attacks

Business • 4:35 PM

3 min

The Strait of Hormuz is once again the scene of fighting, with Iran and the United States States continuing to trade fire in the early hours of Thrusday. Both sides are using their own means to monitor the strategic waterway.<div class="small-12 column te

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Why Ivory Coast Attracts International investors ? [Business Africa]

Business • 10:36 AM

1 min

Ivory Coast secures more than $80 billion in international commitments to finance its 2026–2030 National Development Plan<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/16/why-abidjan-attracts-internati

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How big is the impact of the Middle East war on global travel?

Business • 3:08 PM

2 min

Days of back-and-forth strikes by the US and Iran have shaken the Middle East. The interim deal to end the conflict is in tatters. Now there are fears the region could tip back into all-out war.<div class="small-12 column text-center article__button"><a h

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EU bans purchase and import of Sudanese gold in bid to curb war economy

Business • 9:27 AM

1 min

The European Union is banning the purchase, import and transfer of Sudanese gold in a bid to curb sources of financing for the country’s devastating conflict.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026

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De Beers to pause work at S.Africa's largest diamond mine

Business • 1:59 PM

2 min

De Beers announced Monday it will pause production at South Africa's largest diamond mine for two years to reduce costs while trading conditions remained tough<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/202

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First Energy Africa Appoints Industry Veterans as African Energy Sector Adapts to Funding Shift

Business • 10:40 AM

4 min

While Africa's resource potential remains attractive, Akit argues that today's investors are focused less on what lies beneath the ground than on the stability of the governments overseeing those resources<div class="small-12 column text-center article__b

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Migrant backlash risks South Africa’s economy

Business • 6:56 AM

2 min

Economists warn that if thousands of foreign workers leave, it could damage the very businesses and jobs protesters say they want to protect.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/11/migrant-ba

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Kenya growth forecast lowered to 4.3%

Business • 2:06 PM

1 min

Kenya's economic growth is expected to slow this year, with the World Bank cutting its forecast to 4.3 percent, citing the global fallout from the US-Israeli war with Iran.<div class="small-12 column text-center article__button"><a href="https://www.afric

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Can OPEC-style alliance help Ghana, Ivory Coast beat cocoa slump? [Business Africa]

Business • 11:31 AM

2 min

Presidents Alassane Ouattara and John Mahama have agreed to revive what's being called the 'Cocoa OPEC', a coordinated strategy to harmonize farmgate prices and align crop calendars across both countries. They have invited Cameroon and Nigeria, the region

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IMF lowers global growth forecast amid geopolitical tensions

Business • 6:01 PM

1 min

It excepts the world economy to grow by 3 per cent, down from 3.5 per cent in 2025.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/08/imf-lowers-global-growth-forecast-amid-geopolitical-tensions/?utm_so

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Tanzania purchases 28 tons of gold over past 18 months

Business • 1:20 PM

1 min

Tanzania is rapidly building one of Africa's biggest gold reserves, with its central bank buying nearly 28 tonnes of gold over the past 18 months, worth an estimated 3.7 billion dollars.<div class="small-12 column text-center article__button"><a href="htt

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Dangote-backed mega oil refinery to be built in Kenya

Business • 4:35 PM

2 min

A 700,000-bpd east African oil refinery proposed by Africa's richest man, Aliko Dangote, will be built in Kenya, a senior company official said Tuesday, putting a lid on speculation over the location of the mega-project.<div class="small-12 column text-ce

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Uganda coffee exports hit by weaker prices

Business • 3:18 PM

2 min

Uganda's coffee export earnings dropped sharply in May as falling global prices and lower export volumes weighed on the country's top agricultural export. The decline highlights the vulnerability of Africa's largest coffee exporter to swings in internatio

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Egypt says it is expecting a further $1.7 billion from Europe within days

Business • 2:32 PM

1 min

It is part a $5.7 billion EU macro-financial assistance package within the framework of Europe’s strategy to stabilise Egypt's economy.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/05/egypt-says-it-is

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Ghana's inflation rises in June as high fuel prices persist

Business • 2:37 PM

1 min

Prices rose to 5.3% in June, up from 3.7% in May, with transport fares, rent, and school fees being the main drivers<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/07/03/ghanas-inflation-rises-in-june-as-h

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Mali creates state body to regulate gold trade

Business • 12:28 AM

2 min

Mali has created a new state agency to regulate its booming artisanal gold sector after uncovering major discrepancies between officially declared exports and imports reported abroad.<div class="small-12 column text-center article__button"><a href="https:

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Energy security: Heat waves test Africa's power grids [Business Africa]

Business • 11:00 AM

2 min

Across the continent, rising temperatures are driving a surge in demand for cooling and water, pushing already fragile electricity grids to the breaking point. African countries must modernize aging grids while aggressively scaling off-grid solutions<div

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Nigeria's Dangote refinery imports first crude oil from UAE

Business • 2:08 PM

1 min

Nigeria’s Dangote Petroleum Refinery has imported two cargoes of crude oil from the United Arab Emirates this month, marking its first ever purchase from a Middle Eastern supplier, S&P Global Commodity Insights reported last week.<div class="small-12 colu

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Ethiopia: Electromobility, turning point or illusion? [Business Africa]

Business • 8:49 AM

3 min

This week, we examine Ethiopia's goal of reaching 440,000 electric vehicles by 2030, featuring an interview with the CEO of Dodai. We also discuss mobile cafés in Morocco, which provide opportunities, and Lienne Shonhiwa, the founder of Manetain Organics

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United States hopes to get share of DR Congo copper production

Business • 1:37 PM

4 min

The ore is used in many products including electronic devices like smartphones and computers, as well as electrical wiring, motors, and generators.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/06/26/unit

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Court orders TotalEnergies to account for environmental impact of oil and gas products

Business • 3:36 PM

2 min

A Paris court has ordered French oil giant TotalEnergies to report the environmental consequences of emissions from its oil and gas products and explain how it plans to address them.<div class="small-12 column text-center article__button"><a href="https:/

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Can the IMF help Africa break the debt cycle? {Business Africa}

Business • 1:58 PM

3 min

Can the International Monetary Fund finally help Africa break out of its multi-generational loop of rescue and repayment and here is how Nigerian businesses are using stablecoins to bypass traditional banks to fight inflation.<div class="small-12 column t

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Angolan national airline starts a weekly service to Guangzhou in China

Business • 9:55 AM

1 min

The re-launch of the non-stop passenger route comes at TAAG implements a fleet modernisation and expansion plan.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2026/06/25/angolan-national-airline-starts-a-weekl

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