News : Africanews

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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Business Africa: Democracy under pressure, Egypt’s food struggles, and Nigeria’s remote work boom

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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Egypt’s inflation eases as food prices drop, but some costs continue to rise

Business • 7:57 AM

3 min

Slight Improvement in Inflation as Annual Rate Declines to 13.9% Egypt’s urban inflation rate fell to 13.9% in July, down from 14.9% in June, signaling a modest improvement in the country’s economic conditions.

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In Cameroon, sustainable cocoa farming helps protect both livelihoods and wildlife

Business • 7:56 AM

3 min

Through the Congo Basin Landscapes Initiative, local Indigenous farmers in Cameroon receive training and equipment to improve yields while protecting the rainforest.<div class="small-12 column text-center article__button"><a href="https://www.africanews.c

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Ethiopia: African Development Bank to invest $500 million in new airport

Business • 12:32 AM

2 min

The African Development Bank will be leading efforts to raise as much as $8 billion for the airport's construction.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/11/ethiopia-african-development-bank-to

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From 3.1% to 7%: Tinubu sets ambitious growth goal for 2027

Business • 10:31 AM

1 min

Nigeria's president has set a target of 7% annual economic growth, aiming to lift the country out of its financial struggles. In the first quarter, Nigeria's economy grew by 3.13%, a figure boosted by a rebasing of its gross domestic product (GDP).<div cl

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Zimbabwe bans sale of second-hand clothes and nighttime vending in major towns

Business • 10:38 AM

1 min

Authorities in Zimbabwe have banned the sale of second-hand clothes in all the central business districts of all the municipalities.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/05/zimbabwe-bans-sale-

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Trump’s new tariffs rattle stock markets, trade partners

Business • 7:33 AM

1 min

Benchmarks fell in Asia, with South Korea’s Kospi dropping nearly 4% after the tariff rate for the U.S. ally was set at 15%. The U.S. dollar weakened against the Japanese yen, trading at more than 150 yen per dollar<div class="small-12 column text-center

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Ramaphosa and Trump agree to further trade talks amid U.S. tariffs

Business • 3:36 PM

1 min

The call comes against the backdrop of a 30% U.S. tariff imposed on South African imports, which has triggered serious economic concerns at home<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/07/ramapho

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India's Prime Minister vows no compromise on agriculture as US tariff war escalates

Business • 11:09 AM

2 min

US President Donald Trump has escalated levies on Indian goods to 50 per cent from 28 August.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/07/indias-prime-minister-vows-no-compromise-on-agriculture-as

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Unemployment among Black Americans jump to highest level since pandemic

Business • 5:48 PM

3 min

Women have been hit hardest, with more than 300,000 Black women losing their jobs in the first half of the year.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/06/unemployment-among-black-americans-jump

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30,000 South African jobs at risk from US tariffs

Business • 8:53 AM

2 min

US President Donald Trump hit the country with a 30% levy, one of the highest he has imposed on any nation.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/04/30000-south-african-jobs-at-risk-from-us-tar

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Small-scale gold miners in Senegal use mercury despite health risks

Business • 7:42 AM

2 min

The Senegalese government has been trying for years to ban the use of the metal, without success.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/07/27/small-scale-gold-miners-in-senegal-use-mercury-despite

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IMF lauds Senegal for strengthening economy, amending debt position

Business • 7:40 AM

1 min

Senegal recently became a major headache for the International Monetary Fund (IMF), after the country uncovered billions of dollars of debt that were hidden by the previous administration. According to the IMF, Senegal's cooperation and efforts were howev

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Ahead of hosting FIFA World Cup: Morocco to modernise airports for $4.2 billion

Business • 7:39 AM

1 min

As one of the co-hosts of the major football tournament, Morocco has announced that it would expand and modernise its airports before the World Cup in 2030. A major part of the budget will go into its biggest airport in Casablanca.<div class="small-12 col

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South Africa’s President Ramaphosa still hopeful of a trade deal with the United States

Business • 3:44 PM

1 min

US President Donald Trump’s 30 per cent tariff on all South African exports are set to come into effect on 7 August.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/01/south-africas-president-ramaphosa-s

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Lesotho gets tariff relief from US, but economic damage lingers

Business • 3:17 PM

7 min

Relief for Lesotho after US President Donald Trump announced he was cutting its tariff rate to 15 percent – down from the 50 percent he threatened in April. But a lot of damage has already been done and even if US buyers return, people could still be out

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Senegal PM Sonko unveils economic recovery plan

Business • 2:29 PM

2 min

The Senegalese government has unveiled a comprehensive economic recovery plan aimed at strengthening public finances and revitalizing the national economy.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08

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LIST: Trump puts new tariffs on 20 African nations

Business • 10:49 AM

3 min

All other African countries not on the list will maintain the 10% baseline tariff that the White House announced in April.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/01/list-trump-puts-new-tariffs-o

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Trump orders new tariffs on key U.S. trade partners

Business • 8:54 AM

1 min

Businesses and manufacturers globally are bracing for supply chain disruptions, rising costs, and further trade tensions, while economists warn the uncertainty may drag on investment and growth.<div class="small-12 column text-center article__button"><a h

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Japan bets big on African innovation ahead of TICAD9 {Business Africa}

Business • 8:28 AM

3 min

Japan Reaffirms Commitment to Africa through TICAD, ahead of its ninth summit—doubling down on collaborative investment and innovation in the face of rising global protectionism and youth unemployment while Nigeria’s $21 Billion Diaspora Remittances surpa

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US imposes steep tariffs on Brazil but key sectors are excluded

Business • 2:11 PM

2 min

President Donald Trump also unveiled sanctions on the Brazilian Supreme Court judge who is overseeing the trial of his ideological ally, former President Jair Bolsonaro.<div class="small-12 column text-center article__button"><a href="https://www.african

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Ghana cuts interest rates by 3 per cent as inflation eases

Business • 11:29 AM

1 min

The central bank says the move reflects growing confidence in the disinflation trend, which has seen consumer prices fall faster than ever before.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/07/31/ghana

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US targets India with tariffs over Russian oil purchases

Business • 11:08 AM

1 min

US is set to impose a 25 percent tariff on Indian goods, along with additional import taxes, citing India’s continued purchase of Russian oil and military equipment. President Donald Trump announced the decision on Wednesday, framing it as a response to I

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