News : Africanews

“South Africa shouldn’t even be in the G’s anymore, because what’s happened there is bad.”<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/11/06/trump-says-hell-skip-g20-summit-calls-for-south-africas-remov

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Boeing settles with families of three 737 MAX crash victims

Business • 12:21 AM

1 min

Boeing has now resolved the majority of civil lawsuits linked to the two 737 MAX crashes, which together claimed 346 lives. The accidents — the Ethiopian Airlines crash in 2019 and the Lion Air crash in October 2018 — were both tied to a flawed automated

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Kenya, IMF continue talks for new bailout deal

Business • 2:11 PM

1 min

According to Treasury chief John Mbadi, the international lender wants securitized loans to fund infrastructure projects classified as sovereign debt. Nairobi objects<div class="small-12 column text-center article__button"><a href="https://www.africanews.

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Infrastructure: From foreign loans to domestic capital [Business Africa]

Business • 1:57 PM

2 min

With lenders and donors fatigued, attention is turning to underutilized domestic capital. According to the Africa Finance Corporation (AFC), Africa has $4 trillion in domestic capital that can be channeled to infrastructure financing<div class="small-12 c

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Mali revokes over 90 mining permits amid crackdown on non-compliance

Business • 7:35 AM

1 min

Mali has revoked more than 90 mining exploration permits, including those held by international companies, after officials said operators failed to meet new legal requirements.<div class="small-12 column text-center article__button"><a href="https://www.a

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Trump, Xi meet in person as US and China move to ease trade tensions

Business • 12:01 AM

1 min

US President Donald Trump returned to Washington on Thursday after a high-stakes face-to-face meeting with Chinese President Xi Jinping, calling the talks “a success” and announcing new steps to ease trade tensions between the world’s two largest economie

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Ethiopia shifts from commercial to concessional loans on foreign debts

Business • 3:16 PM

1 min

Ethiopia is currently negotiating with its creditors to convert commercial loans into concessional loans, which could significantly lower its debt interest rates.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/

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Nigeria, South Africa removed from global money-laundering watchlist

Business • 12:04 AM

5 min

Nigeria, South Africa, Mozambique, and Burkina Faso have been removed from the Financial Action Task Force’s (FATF) global “grey list.”<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/29/nigeria-south-af

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Amazon to lay off some 30,000 corporate employees

Business • 5:49 PM

2 min

It said the company needs to be organised 'more leanly' to seize opportunities provided by artificial intelligence.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/28/amazon-to-lay-off-some-30000-corpora

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Angola makes bold move to acquire De Beers stake amid strategic shift

Business • 5:03 PM

1 min

Endiama sees value in leveraging De Beers’ mining technologies and marketing infrastructure to propel Angola’s diamond industry forward.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/28/angola-makes-bo

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Nigerian billionaire plans expansion of Africa's biggest oil refinery

Business • 1:25 PM

1 min

The billionaire owner of Africa's largest refinery plans to expand its capacity to 1.4 million barrels per day to meet growing fuel needs in the continent and beyond.<div class="small-12 column text-center article__button"><a href="https://www.africanews.

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Morocco raises health and education spending in 2026 draft budget

Business • 7:47 AM

1 min

Morocco's finance ministry submitted its draft budget for 2026 to parliament on Monday.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/21/morocco-raises-health-and-education-spending-in-2026-draft-budge

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Moonshot 2025: Can Africa's Startups Challenge Global Tech Giants?{Business Africa}

Business • 3:54 PM

4 min

Moonshot 2025 closes in Lagos: Nigeria champions drive to increase intra-continental digital trade while Experts call for a unified African IP framework as creators lose billions; the AfCFTA protocol is seen as key to unlocking the continent’s $17 billion

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Gaza: Cash crisis persists despite bank reopening

Business • 9:28 AM

1 min

Today, most Palestinians in Gaza either have worn-out bank notes that merchants refuse, or go to the commission traders who have charged up to 50% since the war<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/20

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Egypt implements second fuel price hike in 2025 to curb subsidies, budget deficit

Business • 8:13 AM

2 min

Egypt implements second fuel price hike in 2025 to curb subsidies, budget deficit<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/17/egypt-implements-second-fuel-price-hike-in-2025-to-curb-subsidies-budg

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40 Years of Biya: What’s the Economic Reality in Cameroon? [Business Africa]

Business • 5:47 AM

5 min

This week: decisive elections amid economic uncertainty in Cameroon, Madagascar: protests and political crisis weigh on the economy, and strategic partnership between the EU and South Africa.<div class="small-12 column text-center article__button"><a href

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IMF warns of rising debt risks in Sub-Saharan Africa

Business • 3:57 PM

2 min

Sub-Saharan African governments are increasingly turning to local banks to fund their budgets, paying higher borrowing costs at home than abroad and putting new pressure on domestic lenders, the International Monetary Fund (IMF) warned on Thursday.<div cl

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Nestlé to cut 16,000 jobs worldwide in major restructuring move

Business • 10:53 AM

3 min

Nestlé is cutting 16,000 jobs globally to streamline operations, focus on high-return products, and shore up profitability under new CEO Philipp Navratil.<div class="small-12 column text-center article__button"><a href="https://www.euronews.com/business/2

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Morocco prepares for busy tourist season after record influx of visitors

Business • 12:47 AM

2 min

Morocco welcomed 15 millions tourists in the first nine months of 2025, according to the ministry of tourism.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/16/morocco-prepares-for-busy-tourist-season-a

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Sudan's oil production dropped after South Sudan secession, finance minister says

Business • 5:08 PM

1 min

Sudanese Finance Minister Gibril Ibrahim spoke during the Russian Energy Week Forum in Moscow on Wednesday.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/15/sudans-oil-production-dropped-after-south-su

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Morocco expands aerospace sector with new Safran engine plant

Business • 9:06 AM

1 min

Morocco’s King Mohammed VI and Crown Prince Moulay El Hassan attended on Monday the foundation stone-laying ceremony for a new aircraft engine complex by France’s Safran Group in Nouaceur, near Casablanca.<div class="small-12 column text-center article__b

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Audit reveals 17bn revenue underreporting in Congo’s mining firms

Business • 12:42 AM

2 min

A state audit has revealed that mining companies in the Democratic Republic of Congo failed to report a staggering $16.8 billion in revenue between 2018 and 2023.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/

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Botswana: New rule to promote local ownership of mines

Business • 8:42 AM

1 min

Companies are required to sell a 24% stake in new concessions to local investors if the government chooses not to buy. Botswana, the world's top diamond producer by value is keen to increase local ownership of its mineral wealth and to promote local value

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Exporters breaching DRC cobalt quotas face permanent ban, warns Tshisekedi

Business • 7:02 AM

1 min

Exporters who violate a new quota system on cobalt will be permanently banned from the Democratic Republic of the Congo, President Félix Tshisekedi has warned.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/202

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Trump threatens new 100% tariff on Chinese imports

Business • 10:06 AM

1 min

President Donald Trump said Friday that he’s placing an additional 100% tax on Chinese imports starting on Nov. 1 or sooner, potentially escalating tariff rates close to levels that in April fanned fears of a global recession.<div class="small-12 column t

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Ethiopian coffee exports earn more than $500 million in just two months

Business • 3:14 PM

1 min

Ethiopia’s coffee industry has made a strong start to the fiscal year, exporting 80,000 metric tonnes of coffee in just two months. That’s brought in more than 540 million dollars.<div class="small-12 column text-center article__button"><a href="https://w

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Gen Z Uprisings at Risk: Cyber Threats Exposed [Business Africa]

Business • 3:48 PM

5 min

This Week: Generation Z and Cybersecurity: How to Protect Digital Mobilizations Global Cybersecurity Forum in Riyadh<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/09/gen-z-uprisings-at-risk-cyber-threa

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Ivory Coast traces 40% of cocoa, But EU anti-deforestation law delayed

Business • 12:21 AM

1 min

The coming year will test whether policy reforms, digital traceability, and global market forces can push Ivory Coast — and its millions of farmers — toward a more sustainable cocoa futur<div class="small-12 column text-center article__button"><a href="ht

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World Trade Organization raises 2025 global trade growth forecast from 0.9% to 2.4%

Business • 5:02 PM

2 min

The organisation downgraded its forecast for 2026.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/08/world-trade-organization-raises-2025-global-trade-growth-forecast-from-09-to-24/?utm_source=test_mrss

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Gold prices hit historic $4,000 mark amid global uncertainty

Business • 8:40 AM

1 min

Gold is often seen as a safe-haven asset in times of crisis, and experts suggest continued volatility in global markets could keep prices elevated in the near term.<div class="small-12 column text-center article__button"><a href="https://www.africanews.co

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Ivory Coast sets new cocoa price ahead of upcoming elections

Business • 7:14 AM

2 min

President Alassane Ouattara has announced a record-high farm gate price for cocoa, setting the cost at 2,800 CFA francs (4.26 euros) per kilogram for the upcoming main harvest, ahead of presidential election on October 25 in which Mr. Ouattara is a candid

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Dangote refinery strike cuts Nigeria oil output by 600,000 barrels

Business • 10:05 AM

2 min

angote Refinery Strike Cuts Nigeria Oil Output by 600,000 Barrels<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/07/dangote-refinery-strike-cuts-nigeria-oil-output-by-600000-barrels/?utm_source=test_mrs

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US federal government enters shutdown, raising fears of global uncertainty

Business • 8:02 AM

2 min

The US federal government entered a shutdown on Wednesday after the Senate failed to agree on a last-minute spending bill.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/01/us-federal-government-enters-

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World Bank upgrades Sub-Saharan Africa growth forecast over inflation drop

Business • 12:25 AM

2 min

The World Bank raised its 2025 growth forecast for the region to 3.8% from 3.5%.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/07/world-bank-upgrades-sub-saharan-africa-growth-forecast-over-inflation-d

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How a South African vineyard is making better wine thanks to cattle and ducks

Business • 7:02 AM

3 min

A historic wine estate near Stellenbosch is turning to cattle, sheep and ducks to improve the quality of its vineyards. Hartenberg Wine Estate says it has become the first in South Africa to earn international certification for regenerative farming, pract

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Elon Musk becomes first person ever worth $500 billion

Business • 10:33 AM

1 min

Tesla CEO Elon Musk has become the first person in history to reach a personal net worth of more than half a trillion dollars.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/10/02/elon-musk-becomes-first-p

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Congo pushes back against U.S. pressure on critical minerals {Business Africa}

Business • 8:50 AM

3 min

Congo Resists U.S. Push for Minerals, Demands Local Value and Development in Global Clean Energy Race while Tunisian Biotech Startup Turns 5,000 Tonnes of Invasive Blue Crab Waste into Sustainable, Pharmaceutical-Grade Chitosan.<div class="small-12 colum

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Record gold prices propel asset values in global markets

Business • 11:46 AM

2 min

The price of gold surged to a record high of $3,870 per ounce on Tuesday, fueling a powerful rally across the sector and catapulting the market debut of Zijin Gold International, which saw its shares soar over 66% on the Hong Kong Stock Exchange.<div clas

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South Africa: state-owned utility Eskom makes first profit in eight years

Business • 10:50 AM

1 min

It's a silver lining for South Africa's electricity market and wider economy: utility Eskom made a 16 billion rand profit in the financial year ending in March 2025, the first since 2017. But some uncertainties remain.<div class="small-12 column text-cent

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After 25 years, US-Africa trade lifeline AGOA comes to an end

Business • 7:53 PM

3 min

The agreement, introduced in 2000, came to an end on Tuesday. Its potential reactivation remains uncertain.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/30/after-25-years-us-africa-trade-lifeline-agoa

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Global shipping faces fragility as trade, political tensions rise - UN

Business • 1:12 PM

1 min

Global shipping, moving over 80 per cent of the world’s merchandise trade, is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025<div class="small-12 column text-center article__bu

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Nigerian oil union's nationwide strike threatens to halt oil supply

Business • 11:00 AM

1 min

Government officials have been meeting with oil union leaders after a nationwide strike erupted over the firing of 800 workers at the Dangote Refinery, Africa’s largest.<div class="small-12 column text-center article__button"><a href="https://www.africane

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White House says Trump supports renewal of African trade initiative due to expire

Business • 9:39 AM

1 min

African businesses are on tenterhooks as they wait to see if the African Growth and Opportunity Act - a trade initiative aimed at sub-Saharan Africa - will be renewed before it expires on Tuesday. The White House says President Trump supports it but the c

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Nigeria:Dangote refinery resumes petrol sales in naira

Business • 1:44 PM

1 min

The Dangote Petroleum Refinery has reinstated the sale of petrol in the local Nigerian naira, reversing a brief suspension that had sparked concerns over fuel availability and pricing stability in Africa's largest economy.<div class="small-12 column text-

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International court blocks Niger uranium sale amid Orano dispute

Business • 9:37 AM

1 min

An international court of arbitration has temporarily blocked the sale of uranium stockpiles over a dispute between the Niger government and French mining group Orano.<div class="small-12 column text-center article__button"><a href="https://www.africanews

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Zambian farmers sue Chinese mining company over toxic spill

Business • 12:22 AM

1 min

Dozens of Zambian farmers have filed a lawsuit against Chinese company Sino-Metals Leach (SML), alleging that a massive toxic spill from its mining waste dam has contaminated their land and water, posing severe health risks and demanding millions in compe

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Sao Tomé and Principé: UN Experts help protect cocoa plantations

Business • 10:51 AM

1 min

In Sao Tomé and Principé, UN experts and the government have launched an initiative to restore ecosystems and boost sustainable cocoa production.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/19/sao-to

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DRC set to replace ban on cobalt exports with strict annual quotas

Business • 10:15 AM

1 min

The world’s top producer of the mineral says it will now control global supply through strict annual export quotas, starting October 16th.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/22/drc-set-to-re

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Botswana seeks alternative markets as US tariffs erode export competitiveness

Business • 8:28 AM

1 min

Officials say talks with China and opportunities under the African Continental Free Trade Area could cushion the blow, while domestic reforms are underway to attract investment and broaden the country’s economic base.<div class="small-12 column text-cente

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Ruto, Marco Rubio discuss Haiti, trade in New York

Business • 9:32 AM

1 min

U.S. Secretary of State Marco Rubio and President of Kenya William Ruto on Wednesday while both were in New York for the United Nations General Assembly<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/25

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Zindi report shows AI challenges boost youth employability in Kenya

Business • 12:13 AM

2 min

By encouraging youth participation in solving real-world challenges, platforms like Zindi are not only strengthening local capacity but also enabling African talent to contribute directly to the global innovation ecosystem.<div class="small-12 column text

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China hits back after Taiwan imposes chip export curbs on South Africa

Business • 4:03 PM

1 min

China has criticized Taiwan’s decision to impose export restrictions on semiconductor products bound for South Africa, calling the move ineffective and self-damaging.<div class="small-12 column text-center article__button"><a href="https://www.africanews.

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WTO chief defends agency as U.S. tariffs rattle global trade

Business • 3:33 PM

2 min

Ngozi Okonjo-Iweala has called for urgent reforms to restore stability and predictability in global trade, as pressure mounts from member states divided over trade equity, dispute resolution, and institutional transparency<div class="small-12 column text-

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Ethiopia faces unsustainable external debt, World Bank and IMF warn

Business • 1:32 PM

1 min

The World Bank and the International Monetary Fund have warned about Ethiopia's debt distress, labeling it "unsustainable."<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/23/ethiopia-faces-unsustainable

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World Trade Organization fisheries agreement comes into force, curbing harmful subsidies

Business • 7:00 AM

6 min

World Trade Organization members celebrated the entry into force on Monday of a fisheries deal that marks the global body's first multilateral agreement with environmental sustainability at its core.<div class="small-12 column text-center article__button"

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South Africa and US hold 'cordial and constructive' trade talks

Business • 2:04 PM

2 min

South African trade officials have held talks with their US counterparts in Washington, reports said Friday as Africa’s largest economy looks to repair strained relations and negotiate the lifting of heavy tariffs imposed by the United States.<div class="

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Democracy under pressure amidst Egypt's growing food crisis {Business Africa}

Business • 3:00 PM

3 min

A new report warns that Africa’s democracies are at risk as economic hardship, youth frustration, and a surge in coups while in Cairo’s Al-Wekala Market, leftover meals from luxury hotels are offering low-income families a lifeline amid Egypt’s deepening

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Federal Reserve cuts key rate for first time this year at a quarter-point

Business • 10:30 AM

6 min

The Federal Reserve cut its key interest rate by a quarter-point on Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.<div class="small-12 column text-center arti

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Trump files $15 billion defamation lawsuit against The New York Times

Business • 5:32 PM

1 min

President Donald Trump filed a $15 billion defamation lawsuit against The New York Times and four of its journalists on Monday, according to court documents. A spokesperson from the prestigious newspaper said that the suit had "no merit".<div class="small

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Dangote refinery makes first US gasoline delivery, reshaping global energy flows

Business • 3:07 PM

2 min

In a significant milestone for global energy markets, Nigeria’s massive Dangote refinery has successfully exported its first shipment of gasoline to the United States, with commodities giant Vitol and North American distributor Sunoco taking delivery this

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