In a significant step toward regional economic integration, Mozambique has officially gazetted its Provisional Schedule of Tariff Concessions (PSTCs) under the African Continental Free Trade Area...
DeMarcus Edwards, co-founder of Atlanta-based AI security startup DARE Labs, is emblematic of Howard University’s rising influence in tech innovation and its growing pipeline to Silicon...
By Mark-Anthony Johnson In a striking display of geopolitical chess, US President Donald Trump is set to host leaders from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal...
In a bold step toward energy self-sufficiency, the Dangote Refinery – Africa’s largest oil refining facility – is on track to become fully reliant on Nigerian...
By Des H Rikhotso Africa’s electric vehicle (EV) market has long been seen as a sleeping giant – slow to awaken but brimming with untapped potential....
By John Kourkoutas When it comes to economic ambition and strategic foresight, Rwanda is redefining what’s possible for small nations on the global stage. With a...
In the world of African venture capital, Uganda rarely makes the map. The spotlight stays fixed on Nigeria, Kenya, South Africa, and Egypt – the so-called...
By Dishant Shah Amid steady progress in post-conflict recovery, Sierra Leone is positioning itself as one of West Africa’s most promising investment destinations. With projected economic...
In one of the largest single-asset continuation fund deals to date, Robert F. Smith’s Vista Equity Partners has successfully closed a US$5.6 billion continuation vehicle to...
The Eastern Caribbean Central Bank (ECCB), headquartered in St. Kitts & Nevis, has achieved its highest-ever annual profit, reporting a net income of EC$126.2 million (US$46.6...
Africa has taken a landmark step toward financial sovereignty with the launch of PAPSSCARD, the continent’s first homegrown pan-African card scheme. Unveiled on June 27 at...
By NJ Ayuk As Egypt works to reverse production declines and unlock its vast hydrocarbon potential, the country is advancing an ambitious licensing strategy aimed at...
Ethiopia is set to finalize a US$3 billion agreement with Nigerian business magnate Aliko Dangote to build a large fertilizer plant in Gode, Somali Regional State....
AP | Redemption Holding Co. has completed its acquisition of Utah-based Holladay Bank & Trust, making it the first time a bank has been owned by...
In a landmark decision at the 32nd Afreximbank Group Annual Meetings, shareholders have officially appointed George Elombi as the fourth President and Chairman of the Board...
By Kei Rapodile South Africa’s economy has long been shaped by dominant firms that control key sectors such as telecommunications, banking, energy, and transport. While these...
The Jamaica Stock Exchange (JSE) held its 48th Annual General Meeting earlier this week, at its Harbour Street headquarters in downtown Kingston. The meeting was chaired...
By Des H Rikhotso The global automotive aftermarket industry is projected to grow at an annual rate of approximately 3 percent through 2030. Among the most...
Inspired by the trailblazing success of Robert F. Smith, founder of Vista Equity Partners – who made headlines in 2024 by raising a record-breaking US$20 billion...
Aliko Dangote, Africa’s foremost industrialist, is expanding his agro-industrial footprint into Ghana with the launch of a landmark sugar refinery project in Kwame Danso, Bono East...
By NJ Ayuk There is a troubling pattern that cannot be ignored: the more foreign aid African governments receive, the worse many of them perform. As...
The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, is preparing to ship its first gasoline cargo outside the continent, with a vessel bound...
By Mark-Anthony Johnson Amid growing global uncertainty and under the looming shadow of U.S. economic policy, Africa is quietly reshaping its financial future. As the continent...
Koffi Amani François Xavier started his snack company “Mon Chips” with just US$100. Today, it’s a multinational brand – thanks in large part to the African...
Titi Ogufere, a visionary based in Lagos and founder of Design Week Lagos. She is the first African president of the International Federation of Interior Architects...
Zambia’s acquisition of a 26 percent stake in Angola’s Benguela oil refinery represents a significant step toward stronger intra-African collaboration – a shift long overdue on...
By Caleb Maru Expanding across Africa is no small feat. With 54 countries, 41 currencies, and widely varying regulations and consumer behaviors, the continent presents a...
By NJ Ayuk For many in the developed world, electricity is an unquestioned part of daily life. They rarely consider what it means to live without...
The African Export-Import Bank (Afreximbank) will hold its 2025 Annual Meetings in Abuja from June 25 to 28, marking a fitting conclusion to the tenure of...
By Mark-Anthony Johnson Did you know that seven out of the 15 most expensive countries for sending remittances are in Africa? For millions of workers sending...
Ugandan entrepreneurs Sandra Namboozo and Samuel Muyita are fighting food waste with a solution inspired by their farming roots. Drawing on firsthand experience with post-harvest losses,...
Zimbabwe, Africa’s largest lithium producer with output reaching 2.4 million tons of lithium concentrate in 2024, has announced plans to halt exports of unprocessed lithium by...
Ghana’s economy gained momentum in the first quarter of 2025, expanding by 5.3 percent year-on-year – up from a revised 4.9 percent in the same period...
Byron Allen’s media empire is preparing to part with its collection of local television stations – a move that signals a major strategic shift for Allen...
Aliko Dangote, CEO of the Dangote Group and founder of Africa’s largest petroleum refinery, has signaled a sweeping transformation in Nigeria’s oil and gas sector, describing...
By NJ Ayuk In the wake of last month’s Invest in African Energy forum, the African Energy Chamber (AEC) has reaffirmed its stance: Africa’s energy future...
Nigeria, once Africa’s largest importer of refined petroleum products, has been overtaken by South Africa, signaling a significant shift in the continent’s energy dynamics. This change...
The African Development Bank (AfDB) has named Mauritanian economist Sidi Ould Tah as its new president-elect following three rounds of voting on Thursday afternoon in Abidjan,...
The African Export-Import Bank (Afreximbank), in collaboration with the Government of Grenada, has announced the fourth edition of the AfriCaribbean Trade and Investment Forum (ACTIF2025). Scheduled...
Angola’s President João Lourenço has been honored as the ‘Energy Person of the Year’ by the African Energy Chamber, in recognition of his leadership in governance...
Ethiopian Prime Minister Abiy Ahmed has reaffirmed his country’s commitment to leading Africa’s technological transformation, highlighting the vital role of homegrown artificial intelligence (AI) solutions in...
In a major step toward boosting intra-African trade, Nigeria has launched an African Continental Free Trade Area (AfCFTA) air corridor connecting it to Kenya, Uganda, and...
Zaina Gohou is reshaping the chocolate industry with her new brand, Zacao, challenging its exploitative history and offering a sweeter, more ethical alternative. Drawing from her...
In a landmark moment for West Africa, Senegalese President Bassirou Diomaye Faye and Mauritanian President Mohamed Ould Cheikh El Ghazouani visited the Grand Tortue Ahmeyim (GTA)...
Nigeria, Ghana, Liberia, Sierra Leone, Guinea-Conakry, Cape Verde, and Gambia are spearheading a transformative shift in African aviation with the launch of the Single African Air...
Nigerian business magnate Aliko Dangote, founder, president, and CEO of the Dangote Group, has been named one of the world’s most influential philanthropists in TIME magazine’s...
In recent years, Mozambique has ramped up investments in its oil and gas sector, aiming to reshape its energy landscape and fuel economic growth. With strategic...
Venture capitalist Rashaun Williams is leading a groundbreaking push into elite sports ownership, launching Harbinger Sports Partners Fund alongside high-profile collaborators Steve Cannon and Mark Cuban....
China’s Ambassador to Nigeria, Yu Dunhai, has announced plans for the establishment of electric vehicle (EV) manufacturing plants in Nigeria, signaling a deepening of bilateral economic...
In a sweeping and decisive move, Guinea’s government has revoked the mining licenses of 51 companies, Information Minister Fana Soumah announced in a televised address on...
By Mark-Anthony Johnson As Africa’s seventh-largest country and its second-largest oil exporter, Angola stands at a critical juncture in its economic journey. After decades of reliance...
As of March 2025, the continent’s top 250 companies had a combined market capitalization of US$564 billion – up from US$503 billion in 2024 but still...
In a story that blends resilience, vision, and impact, Strive Masiyiwa has emerged as one of Africa’s most influential entrepreneurs. From challenging government resistance to launching...
Dangote Packaging Limited (DPL), a key subsidiary of Dangote Industries, is ramping up its growth trajectory across Africa following a significant enhancement in production capacity. The...
By John Kourkoutas If you’re not yet looking at Zambia, you’re overlooking one of Africa’s most strategic – and still underappreciated – markets for exporters and...
By NJ Ayuk I will be speaking at the upcoming Invest in African Energy Forum, where we will continue to confront a growing push from global...
The African Export-Import Bank (Afreximbank) has unveiled a groundbreaking initiative aimed at transforming Africa’s film and creative industries: the launch of a US$1 billion Africa Film...
Across Africa, solar power has transformed lives – especially in off-grid communities where kerosene and candles once posed serious fire risks. As these systems age, however,...
Press Release | OneUnited Bank, the largest Black-owned bank in the United States and an award-winning Community Development Financial Institution (CDFI), is excited to announce the...
The African Continental Free Trade Area (AfCFTA) stands as the flagship project of the African Union’s Agenda 2063, a visionary blueprint for driving inclusive and sustainable...
Nigerian billionaire and industrialist Aliko Dangote has announced the launch of a major sugar refinery project in Ghana, aimed at significantly reducing the country’s annual US$162...
By NJ Ayuk At African Energy Week (AEW) 2025, Senegal’s meteoric rise as a leader in Africa’s energy transformation will take center stage, with Minister of...
In a landmark move that signals Mozambique’s deepening commitment to regional integration, the country has dispatched its first shipment of goods under the African Continental Free...
Tanzania has lifted its ban on agricultural imports from South Africa and Malawi, just days after imposing it in response to similar restrictions by the two...
Kenya is poised to overtake Ethiopia as East Africa’s largest economy in 2025, according to the latest outlook from the International Monetary Fund (IMF). The IMF...
By NJ Ayuk African governments must take decisive action to address the challenges that hinder business operations across the continent. These obstacles not only deter investment...
Akinwumi Adesina, the President of the African Development Bank (AfDB), has once again sounded the alarm on Africa’s persistent economic stagnation, pointing to the continent’s over-reliance...
In a bold move to combat illegal mining and bolster national revenue, Ghana has prohibited foreigners from buying or trading artisanal gold within the country, effective...
In celebration of Financial Literacy Month, OneUnited Bank – the largest Black-owned bank in the U.S. – has partnered with fintech innovator Esusu to help renters...
At the Thirty-fourth Special Meeting of the Council for Human and Social Development (COHSOD) on Labor, held in Georgetown, Guyana, on April 8, CARICOM Labor Ministers...
Nigeria will host the grand opening of the first Afreximbank African Trade Centre (AATC) – a modern, twin nine-storey office and business hotel complex in Abuja....
As of April 2025, Africa is making significant strides in space exploration, with 18 countries collectively launching 64 satellites into orbit. This remarkable progress underscores the...
In a bold move that signals a broader realignment across the Sahel, Niger has granted copper mining rights to the local firm Compagnie Minière de l’Air...
This year’s Forbes Billionaires list features a record 3,028 billionaires worth a combined US$16.1 trillion. Among them, 23 Black billionaires – just 0.8 percent of the...
By Joshua Guiness-Brown Jamaica took a bold step towards becoming a global logistics hub with the launch of its Global Logistics Hub Initiative in 2015. To...
After nearly three years of development, Velma Trayham has launched HomeAccess America, the first Black-owned modular housing manufacturer in the U.S., capable of producing up to...
At its first board meeting of 2025, Trinidad & Tobago assumed the chairmanship of the CAF – Development Bank of Latin America and the Caribbean’s Board...
Uganda has implemented its most significant electricity price cut in 20 years, thanks in part to the strength of its currency, which has reduced the cost...
A senior official from the Guyana-based Caribbean Community (CARICOM) Secretariat announced on Monday that the 15-member regional bloc is updating its tax treaties to align with...
In 2022, Jamel Stephens set out to turn his dream into reality – launching his own soda pop company. By December 2023, that vision came to...
Zambia’s economy significantly outpaced forecasts in 2023, driven by a sharp fourth-quarter surge. Preliminary data shows GDP expanded by 4 percent, down from 5.4 percent in...
Michelle Obama and NBA star Stephen Curry have launched PLEZi Hydration, a sports drink aimed at improving nutrition. Developed with registered dietitians, PLEZi Hydration offers more...
The Nigerian government is taking decisive steps to address the country’s chronic housing crisis by launching a groundbreaking housing fund worth N1 trillion (US$654 million). This...
Ethiopia has reported significant progress in its bid to join the World Trade Organization (WTO), with the government aiming to finalize its accession process by March...
Aliko Dangote, Africa’s foremost industrialist, has announced plans to develop Nigeria’s largest port in the Olokola Free Trade Zone, Ogun State, signaling a major boost for...
Afreximbank has announced plans to build a US$180 million twin-tower trade complex in Barbados, strengthening economic ties between Africa and the Caribbean. In addition, Afreximbank raised...
In a historic move, 29-year-old entrepreneur Hashim Walters of New Orleans has launched The Latimer Group, a consortium focused on acquiring Spirit Airlines and making it...
Global Infrastructure Partners (GIP), a subsidiary of BlackRock owned by Adebayo Ogunlesi, has acquired key port operations near the Panama Canal in a US$23 billion deal....
Flutterwave, a leading African payments technology company, has forged a transformative partnership with Nigeria’s Federal Inland Revenue Service (FIRS), ushering in a new era of digital...
Algeria has published its Provisional Schedule of Tariff Concessions (PSTCs) under the African Continental Free Trade Area (AfCFTA) Agreement, marking a significant step towards its operationalization....
Columbia Savings & Loan Association celebrated its 100th anniversary in 2024 as Wisconsin’s oldest and only remaining Black-owned bank. Since becoming chair, president, and CEO in...
The Dangote Oil Refinery has begun operations at its polypropylene facility in Lagos, marking a key milestone in its commissioning process, which started in January 2024....
The Ethiopian Airlines Group has signed a Letter of Intent with the African Development Bank (AfDB) to collaborate on the Bishoftu International Airport Development Project, poised...
The Tony Elumelu Foundation (TEF) is set to announce its 2025 cohort amid funding challenges for African startups. Now in its 11th year, TEF’s flagship entrepreneurship...
Reuters | A pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform to boost commerce across borders...
H. J. Russell & Company (Russell), a leader in commercial construction, program management, and engineering, has been honored with the Engineering Impact Award at the 2025...
Carver Federal Savings Bank, the largest publicly traded Black-owned bank in the U.S., has provided US$225 million in loans over the past five years to 183...
The Dominican government confirms that construction of the region’s first 10-megawatt geothermal power plant remains on track for completion by Christmas. “A lot of work is...
Nigeria has increased its power transmission capacity by over 80 percent to 8,500 MW in the past two years and plans to add another 1,500 MW...
African finance leaders are deepening economic partnerships with Caribbean nations, aiming to boost trade between the two regions to nearly US$2 billion annually in the coming...
Tanzania will officially cease steel imports following significant growth in domestic production, marking a milestone in its industrialization agenda. During a visit to steel manufacturer, Lodhia...
Angola is set to become the 14th member of the Southern African Development Community (SADC) Free Trade Area (FTA), following the successful conclusion of a Trade...
AP | Serena Williams is joining the ownership group of the WNBA’s first Canadian franchise, the Toronto Tempo, the team announced Monday. She will partner with...
Rwandan president Paul Kagame has appointed Soraya Hakuziyaremye as the new Governor of the National Bank of Rwanda (BNR), making her the first woman to lead...
Corporate leaders are mourning the loss of Ronald C. Parker, a dedicated diversity advocate who championed Black executives and others in attaining senior leadership positions. Parker,...
By Mark-Anthony Johnson Namibia is poised to make history as it prepares to launch its first export consignment under the African Continental Free Trade Area (AfCFTA)....
Robert F. Smith, Founder, Chairman, and CEO of Vista Equity Partners, has affirmed his position that businesses will maintain their commitment to recruiting highly qualified and...
Nigeria’s oil refining sector rebounded in Q4 2024, posting its first quarterly growth since 2018, according to the National Bureau of Statistics (NBS). The sector expanded...
By Mark-Anthony Johnson In a significant step toward advancing regional trade and economic integration, Namibia and Botswana have reiterated their commitment to the Trans-Kalahari Rail Corridor...
In 2005, Andile Ngcaba made headlines with a US$1 billion stake in Telkom. Today, he runs a fund exceeding US$600 million spanning Africa, Southeast Asia, and...
The African Development Bank (AfDB) has officially announced five candidates for its highly anticipated presidential election, set to take place on May 29, 2025. Competing for...
Namibia has officially launched its National Artificial Intelligence (AI) Strategy, positioning itself as a regional leader in AI adoption and innovation. Designed to establish Namibia as...
Retired boxing legend Floyd Mayweather Jr. is setting his sights on the NFL, exploring a potential ownership stake in the New York Giants. According to TMZ...
Nigerian business magnate Aliko Dangote has witnessed an extraordinary surge in his net worth, nearly doubling to an impressive US$23.9 billion, according to Forbes. This remarkable...
Aliko Dangote, Chairman and CEO of Dangote Group, has announced ambitious expansion plans in Ethiopia, including doubling the company’s cement production capacity and investing in new...
Malawi has temporarily banned the export of gemstones and precious minerals as part of a sweeping reform to improve transparency and efficiency in its mining sector,...
The Tony Elumelu Foundation (TEF) has signed a US$6 million partnership with the UAE’s Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation...
Caribbean Airlines (CAL), owned by Trinidad & Tobago, reported an operating profit of US$12.1 million in 2024, a 51 percent decline from the US$24.7 million recorded...
In December, the Board of Governors of the Caribbean Development Bank (CDB) announced the appointment of Barbadian Daniel Best as the institution’s seventh president. This appointment...
The Government of Grenada and Afreximbank have officially entered into an agreement to host the highly anticipated 4th AfriCaribbean Trade and Investment Forum (ACTIF), set to...
By NJ Ayuk Mozambique is not seeking handouts to lift its people out of poverty. Instead, it is determined to harness its natural resources to drive...
Kenyan President William Ruto’s push to reduce reliance on the US dollar in African trade has gained traction with the launch of the Pan-African Payments Settlement...
Africa’s wealthiest businessman, Aliko Dangote, has urged Grenada and other Caribbean Community (CARICOM) member states to eliminate visa requirements for travelers from African nations, arguing that...
The central banks of Rwanda and Ghana have partnered to integrate their national payment systems and establish a fintech licensing passport between the two nations, as...
Jim Reynolds, founder and CEO of Loop Capital, built the firm into the world’s largest Black-owned investment bank, overseeing a team of 300 professionals handling thousands...
The Investment Migration Agency (IMA) of Grenada has announced the launch of a new Citizenship by Invitation Initiative, designed to attract high-caliber global business leaders and...
Kenyan mobile operator, Safaricom and the Kenya Bankers Association (KBA) have proposed making Pesalink Kenya’s next-generation fast payment system (FPS), advocating for an industry-led approach to...
Nigeria, Africa’s largest oil producer, aims to increase daily crude and condensate output to 2.7 million barrels by 2027, according to Special Adviser on Energy Olu...
The Development Bank of Latin America and the Caribbean (CAF) has conducted its first study on the Caribbean’s infrastructure needs. A preview of the report, Sustainable...
A private equity firm backed by Africa’s richest man, Aliko Dangote, is set to acquire Java House, a leading East African coffee chain. Mauritius-based Alterra Capital,...
Caribbean nations are lagging in artificial intelligence (AI) development due to insufficient infrastructure, workforce, and applications. A recent UN ECLAC report highlights the need for investment...
Bloomberg | Nigeria’s imports of gasoline are on course for an eight-year low as the country’s new mega-refinery pushes out foreign suppliers, boosting the nation’s fuel...
Reuters | Trinidad & Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according...
Bloomberg | Ghana’s annual trade surplus reached US$5 billion in 2024 for the first time ever as the value of the country’s gold exports soared. The...
Smartsheet, a leading AI-powered work management platform, has announced the successful completion of its US$8.4 billion acquisition by funds managed by Vista Equity Partners (Vista) and...
Burkina Faso has achieved a groundbreaking milestone with the launch of its first electric car, developed entirely by the Burkinabe car manufacturer ITAOUA. This innovative vehicle,...
Reuters | Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5 percent in the third quarter to...
Jamaican Prime Minister Andrew Holness has reiterated his administration’s commitment to establishing Jamaica as a leading international financial services hub, emphasizing this goal as a cornerstone...
In 2015, ExxonMobil announced the discovery of oil beneath Guyana’s coastal waters. Since then, the US oil giant and its partners have uncovered 11 billion barrels...
OneUnited Bank, the largest Black-owned bank in the U.S., is launching first-time homebuyer programs in 2025 to honor Martin Luther King Jr. Day. These include the...
Nigeria’s 650,000 barrels-per-day (bpd) Dangote Refinery is constructing eight additional oil storage tanks to address challenges with crude supply. These new tanks will increase the refinery’s...
Coffee giant Starbucks has revealed that Mellody Hobson, the lead independent director of its board, will be retiring after a tenure of nearly two decades with...
Guyana experienced robust economic growth in 2024, with GDP rising by 43.6 percent, up from 33 percent in 2023, according to Ashni Singh, Senior Minister in...
Ethio Telecom has partnered with the African Development Bank (AfDB) to advance Ethiopia’s digital economy and broaden internet access across Africa. This collaboration aligns with a...
Carter Cofield, and George Acheampong are dedicated to closing the wealth gap and empowering the Black community through financial literacy and strategic wealth-building initiatives. Cofield, a...
Reuters | ChatGPT maker OpenAI said on Tuesday private equity veteran Adebayo Ogunlesi, who is currently the CEO of Global Infrastructure Partners (GIP), has joined its...
GraceKennedy Limited has announced that Group CEO Don Wehby will retire on February 14, 2025, after an accomplished tenure at the helm. Frank James, CEO of...
Reuters | Guyana exported 225 cargoes of crude oil in 2024, its energy minister said on Tuesday, as a consortium led by U.S. major Exxon Mobil,...
AP | MSNBC President Rashida Jones says she is stepping down after four years leading the liberal news network – an announcement thtat takes place on...
South Sudan announced plans to produce at least 90,000 barrels of crude oil daily as it resumes normal production, following the lifting of a suspension caused...
StretchLab, a global leader in assisted stretching and part of the Xponential Fitness portfolio, has grown significantly under CEO Verdine Baker, a former professional soccer player....
President Félix Tshisekedi officially inaugurated the first flight of Air Congo, the Democratic Republic of Congo’s new national airline, on Tuesday. The airline is a joint...
The government of Rwanda has signed a strategic partnership with American comedian and television host Steve Harvey’s company, BILT LLC, to promote tourism and investment in...
Reuters | Ethiopia’s parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to attract...
A growing trend in charitable giving focuses on addressing systemic issues like education, healthcare, and medical research, reflecting the preferences of ultra-high-net-worth individuals (net worths over...
Reuters | Nigeria’s Dangote Refinery said on Wednesday it has made its first export of petrol to Cameroon, a milestone that could pave way for regional...
Nigeria’s Minister of Agriculture and Food Security, Abubakar Shaib Kyari, led a delegation to Zimbabwe to study its successful agricultural strategies, particularly those driving record-breaking wheat...
In a groundbreaking effort to combat climate change while alleviating its debt burden, Barbados has successfully implemented the world’s first debt-for-climate resilience swap. This innovative strategy...
OneUnited Bank, the largest Black-owned bank in the U.S., has been named to Inc.‘s 2024 Best in Business list for Financial Services. The recognition highlights companies...
By NJ Ayuk Wealthy nations have long leveraged their natural gas resources to foster economic resilience. By ensuring reliable energy supplies for their populations and industries,...
Guyana has signaled potential restrictions on fellow Caribbean Community (CARICOM) countries if barriers to Guyanese exports persist. Vice President Bharrat Jagdeo emphasized reciprocity during the Guyana...
The latest Caribbean Salary Survey Report: PayPulse 2024 Report reveals a persistent pay gap across the region, with The Bahamas solidifying its position as the highest-paying...
Theo Baloyi’s Bathu, has achieved a significant milestone by opening its first international store at Maerua Mall in Windhoek, Namibia – its 36th store overall. This...
The Central Bank of the Bahamas (CBB) reports that the domestic economy continues to grow, albeit at a slower pace compared to the previous year, as...
By NJ Ayuk Angolan President João Lourenço recently engaged in discussions with Aliko Dangote – founder and CEO of Dangote Industries – to explore potential opportunities,...
The Inter-American Development Bank (IDB) has projected that Caribbean nations will receive approximately US$18.4 billion in remittances in 2024, reflecting a modest growth rate of two...
Reuters | World Trade Organization chief Ngozi Okonjo-Iweala was reappointed for a second term at a special meeting on Friday, the trade watchdog said, meaning her...
The Caribbean Development Bank (CDB) will host a virtual conference, Expert Forum on Anti-Corruption in the Age of AI, on Monday, coinciding with International Anti-Corruption Day....
The Dangote Group has inaugurated Africa’s largest tomato processing facility in northern Nigeria, a US$20 million initiative aimed at reducing the country’s dependence on imported tomatoes,...
Bloomberg | Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. Gross domestic product (GDP) expanded an annual...
Late last week, Uganda launched a significant US$3 billion Standard Gauge Railway (SGR) project that will connect the country to the Kenyan border, with the potential...
The Grenada Investment Development Corporation (GIDC) has reported a record-breaking year for foreign investment, with capital inflows reaching EC$488 million (US$180 million) in 2023 – a...
ExxonMobil Guyana, alongside Hess and CNOOC, announced the production of 500 million barrels of oil from the Stabroek block, achieved in under five years since Guyana...
AFP | Kenyan President William Ruto on Thursday scrapped controversial deals with India’s embattled Adani Group over Nairobi’s Jomo Kenyatta International Airport (JKIA) and a state-owned...
Eniola Shokunbi, a middle school student from Connecticut, has launched an initiative to improve air quality in schools through affordable filtration systems. Her project gained significant...
Bloomberg | Ethiopia plans to export about 100 megawatts of electricity to Tanzania via Kenya once the nations finalize a deal that will enable cross-border trade...
Bloomberg | Foreign investment in Tanzania is expected to grow by a third next year as President Samia Suluhu Hassan’s pro-business stance helps reverse the impact...
Reuters | Nigeria’s state oil firm, NNPC Ltd has revealed that one of its subsidiaries has agreed to supply 100 million standard cubic feet of gas...
The Shawn Carter Foundation, founded by Jay-Z and his mother, Gloria Carter, has partnered with the Wharton School at the University of Pennsylvania to launch the...
Bloomberg | Botswana’s push to diversify its economy away from mining and into financial services positions it to compete with Mauritius as an African hub for...
Reuters | Lagos, Nigeria’s commercial hub, has announced a bid solicitation for constructing gas-fired power plants with a combined capacity of up to 4,000 megawatts (MW)...
Grand Slam Track, a newly formed track league created by former world record holder Michael Johnson, is gaining momentum with the recent appointment of Robert F....
The Bahamian government is standing by its decision to implement the nation’s first corporate income tax, with Prime Minister Phillip Davis emphasizing that this new law...
Kenyan Micro, Small, and Medium Enterprises (MSMEs) have commenced their inaugural export shipments of various products to the the Democratic Republic of Congo (DR Congo), South...
Bloomberg | Senegal expects the first cargo from BP Plc’s Greater Tortue Ahmeyim liquefied natural gas project at the “beginning of next year,” according to Deputy...
Bloomberg | A payment system that eliminates the dollar in cross-border African transactions can save the continent as much as US$5 billion in processing costs, the...
Byron Allen’s Allen Media Group (AMG) has increased its board of directors from three to nine members, effective immediately. Founded in 1993 as Entertainment Studios, the...
The Grenada Tourism Authority (GTA) has expressed excitement about Haiti-based Sunrise Airways’ decision to introduce new intra-Caribbean flights to Grenada. This service improves north-to-south connectivity within...
Bloomberg | Nigeria’s biggest bank is opening a new branch in Hong Kong in its first step of Asian expansion. The push into the Chinese territory...
Ghana is poised to begin sourcing petroleum products from Nigeria’s Dangote Refinery once it achieves full capacity, which would lessen its dependence on expensive imports from...
Shark Tank investor Daymond John is set to host the fifth annual Black Entrepreneurs Day, reaffirming his dedication to supporting small businesses by offering US$100,000 in...
Bloomberg | The National Association for the Advancement of Colored People (NAACP), the biggest civil rights organization in the US, is entering the investment world with...
A coalition of African oil-producing nations is working to secure US$5 billion to establish an “energy bank” dedicated to financing energy projects across the continent. This...
Bloomberg | African billionaire Aliko Dangote is wealthier than ever now that his long-awaited Nigerian oil refinery is up and running. But his mood suggests a...
The forecast for major African currencies heading into 2025 presents a mixed picture, with South Africa’s rand anticipated to perform well, while Nigeria’s naira may experience...
Rapper A$AP Rocky is reportedly in the process of acquiring EFL Club Tranmere Rovers. The 36-year-old partner of pop star Rihanna is said to be part...
Tanzania’s semi-autonomous Zanzibar, has launched a National Blockchain Sandbox to give startups a secure environment for exploring and developing innovative technologies before scaling up. This initiative,...
Boston Celtics star and 2024 NBA Finals MVP Jaylen Brown remains dedicated to building wealth in underrepresented communities. Earlier this year, he launched the Boston XChange...
Kenya has unveiled plans to restrict the export of valuable minerals in their raw form, marking a significant policy shift aimed at increasing government revenue. This...
The Georgetown Chamber of Commerce and Industry (GCCI) is collaborating with the Jamaica Stock Exchange to launch a junior stock exchange in Guyana. This announcement was...