News : Africanews

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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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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Japan seeks bigger role in Africa at Yokohama summit

Business • 2:33 PM

1 min

Organisers say the initiative reflects Japan’s ambition to position itself as a reliable partner in Africa’s growth, with a focus on connectivity, trade, and sustainable development.<div class="small-12 column text-center article__button"><a href="https:/

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US and China agree deal over TikTok ownership

Business • 9:54 AM

1 min

Two years after the US congress threatened to ban the Chinese-owned social media platform TikTok, Washington and Beijing say they have agreed a deal.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/16/us

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Japan unveils $5.5B plan, AI training to boost Africa ties

Business • 1:57 PM

2 min

TICAD 9, attended by roughly 50 African countries alongside global organizations, is Japan’s latest effort to reclaim influence in Africa as U.S. engagement wanes and China’s presence grows.<div class="small-12 column text-center article__button"><a href=

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African business world prepares for fourth edition of Unstoppable Africa summit

Business • 3:26 PM

1 min

“Africa must not only adapt. It has to lead," United Nations Global Compact chief Sanda Ojiambo.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/12/african-business-world-prepares-for-fourth-edition-of-u

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Iran and IAEA sign agreement amid growing tensions

Business • 8:32 AM

2 min

Iran and the International Atomic Energy Agency signed an agreement Tuesday in Cairo to pave the way for resuming cooperation<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/10/iran-and-iaea-sign-agreeme

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US President Trump to skip G20 summit in Johannesburg

Business • 11:52 AM

2 min

After months of tense relations with South Africa, US President Trump says he won't attend the G20 summit in Johannesburg. His vice president, JD Vance, will represent him.<div class="small-12 column text-center article__button"><a href="https://www.afric

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Extraordinary BRICS summit seeks to tackle global trade tensions and US tariffs

Business • 7:46 AM

1 min

On Monday, Russian President Vladimir Putin joined an extraordinary BRICS summit via video link, a virtual meeting convened by Brazil to address growing global concerns over US President Donald Trump’s sweeping trade tariffs.<div class="small-12 column te

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66,000 Kenyans to lose jobs if AGOA not renewed

Business • 9:02 AM

1 min

Kenya’s economic lifeline may soon be cut. The African Growth and Opportunity Act AGOA is set to expire on September 30, ending a key duty-free trade arrangement with the US.<div class="small-12 column text-center article__button"><a href="https://www.afr

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Burundi's Ézéchiel Nibigira appointed president of Economic Community of Central African States

Business • 8:34 AM

1 min

The Economic Community of Central African States has a new president - Burundi’s former foreign minister Ézéchiel Nibigira.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/08/burundis-ezechiel-nibigira-a

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International postal services pause parcel post to US over tariff 'ambiguity'

Business • 12:17 AM

4 min

A US executive order reinstating duty on small packages is proving to be a big headache for international postal services.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/29/international-postal-services

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Total wins new exploration permit as Congo seeks to ramp up oil production

Business • 3:48 PM

1 min

The permit is for the Nzombo area located 100km off Pointe-Noire on the Atlantic Ocean. QatarEnergy and Congolese state oil company, SNPC are Total's partners in the block's development<div class="small-12 column text-center article__button"><a href="http

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South Africa prepares for historic first G20 summit in Africa

Business • 11:10 AM

1 min

A major question marking the countdown is whether U.S. President Donald Trump will attend. He has expressed strong disapproval of South African policies—particularly land reform—and signaled he might send a representative instead.<div class="small-12 colu

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Iran: Europeans prepare sanctions as currency falls

Business • 11:08 AM

2 min

In Tehran on Thursday, Iran’s rial currency traded at over 1 million to $1. At the time of the 2015 accord, it traded at 32,000 to $1, showing the currency’s precipitous collapse in the time since<div class="small-12 column text-center article__button"><a

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DR Congo: Civil society groups call for reassessment of China mining deal

Business • 10:49 AM

2 min

They say the controversial “minerals for infrastructure” deal is still heavily skewed in the Chinese consortium's favour.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/25/dr-congo-civil-society-groups-

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South Africa looks to enhance global cooperation in face of sweeping US tariffs

Business • 10:22 AM

3 min

South African economists are urging enhanced global cooperation, stressing the urgent need to counter American trade policies that have severely disrupted exports and could exacerbate job losses in an already struggling economy.<div class="small-12 column

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The linguistic diversity of Africa and Its absence in AI development

Business • 6:18 PM

5 min

Although Africa is home to a huge proportion of the world's languages – well over a quarter according to some estimates - many are missing when it comes to the development of artificial intelligence (AI).<div class="small-12 column text-center article__bu

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Nigeria: Dangote Refinery's petrol unit may remain offline for months

Business • 10:02 AM

1 min

It was due to restart on 20 September, but an industry monitor says major repairs and equipment replacement could keep the unit shut for longer.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/05/nigeria

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Africa’s youth, tech, and green innovators reshape the continent’s business future

Business • 10:02 AM

2 min

Africa’s Youth Take the Lead in Transforming Agriculture. Dakar Forum Highlights Innovation, Jobs, and Climate-Smart Solutions while Africa’s tech scene is reaching a new stage of maturity, with startups expanding overseas and exporting their solutions<di

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Xi Jinping and Emmerson Mnangagwa announce upgraded bilateral relations

Business • 3:55 PM

2 min

Chinese President Xi Jinping and Zimbabwean President Emmerson Mnangagwa announced the upgrading of bilateral relations to an all-weather community with a shared future in Beijing on Thursday.<div class="small-12 column text-center article__button"><a hre

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KoBold Metals secures exploration permits in DRC amid U.S. mining push

Business • 1:40 PM

1 min

On September 2, the company received seven exploration permits from the Congolese government, following a memorandum of understanding signed on July 17, influenced by the Trump administration.<div class="small-12 column text-center article__button"><a hre

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Currency crisis in Bukavu: Residents struggle with damaged banknotes

Business • 11:53 AM

3 min

Residents of Bukavu struggle with damaged banknotes amid rebel control<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/09/04/currency-crisis-in-bukavu-residents-struggle-with-damaged-banknotes/?utm_source=t

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Ghana inflation slows for eighth month in a row

Business • 3:00 PM

1 min

Ghana's annual inflation rate slowed for the eighth month in a row in August, reaching its lowest level since October 2021, the government statistics service said on Wednesday.<div class="small-12 column text-center article__button"><a href="https://www.a

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Benghazi’s Modular Hospital: A Scalable Blueprint for Future-Ready Healthcare in Libya

Business • 7:13 PM

2 min

The new Modular Hospital in Benghazi is a cutting-edge healthcare facility designed to adapt and grow with the needs of the population. Its scalable architecture allows expansion from 100 to 250 beds while ensuring safety, efficiency, and quality of care.

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Kobold metals wins lithium exploration rights in Dr Congo

Business • 4:12 PM

1 min

Officials say the move could help Congo attract more investment and strengthen its role in the global green economy.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/28/kobold-metals-wins-lithium-explorat

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Africa boosts solar power with 60% surge in Chinese panel imports

Business • 11:03 AM

1 min

Experts say the switch could save millions in fuel imports, with solar paying for itself in as little as six months in places like Nigeria.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/28/africas-impo

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Russia extends gasoline export ban amid shortages, price surge

Business • 9:15 AM

1 min

Officials insist the situation is not yet “system critical,” with Moscow and major cities largely spared. But experts warn that with inflation, high demand, and continuing drone strikes, Russia’s vulnerability on the home front could deepen as the war dra

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Senegal awaits IMF resolution on debt misreporting, recovery plan ramps up

Business • 10:43 AM

1 min

Senegal is also rebasing its economy for the first time since 2018 in hopes of recalibrating its debt-to-GDP ratio to more manageable levels<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/27/senegal-awa

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Trump threatens 200% tariff hike for China if no rare-earth magnets supplied

Business • 11:22 AM

1 min

The US president threatened Beijing with a steep tariff increase if the country did not supply rare-earth magnets, which are crucial for a range of products, such as smartphones and electric vehicles, to Washington.<div class="small-12 column text-center

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SADC leaders vow to expand manufacturing, trade at Madagascar summit

Business • 2:32 PM

1 min

The meeting in Antananarivo focused on accelerating regional integration through strengthening industrial capacity, modernizing agriculture, and promoting an inclusive energy transition<div class="small-12 column text-center article__button"><a href="http

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Kenya seeks China's approval to convert dollar loan to yuan

Business • 3:36 PM

1 min

Nairobi specifically wants to reprofile the $5bn loan that Beijing underwrote for the construction of the east African country's modern railway, the finance minister told Reuters<div class="small-12 column text-center article__button"><a href="https://www

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African nations hopeful to re-negotiate Trump tariffs, fear economic fallout

Business • 8:00 AM

1 min

New trade tariffs imposed by US president Donald Trump came into effect on Thursday. Countries like South Africa and Lesotho are also hard-hit and are still hoping to re-negotiate the tariffs in the face of potentially dire consequences for their economie

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US and China extend trade truce for another 90 days

Business • 7:57 AM

2 min

The US president made the announcement on his social media platform Truth Social, just a few hours before the deadline was set to expire.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/12/us-and-china-e

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