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...
The African Union Commission (AUC) will officially launch the African Space Agency (AfSA) at the 2025 NewSpace Africa Conference, set to be held at Egypt Space...
Carver Bancorp, Inc., the parent company of Carver Federal Savings Bank – a certified Community Development Financial Institution (CDFI) and recognized Minority Depository Institution – has...
The Barbados-based Caribbean Development Bank (CDB), announced on Friday that it is in the process of appointing a new president following the controversial resignation of economist...
The South African government is set to initiate discussions with Formula 1 organizers about the potential return of the sport after a 30-year absence. Tourism Minister...
The Port Authority of Trinidad & Tobago (PATT) has announced that it is actively working to resolve the backlog of vessels and containers at the Port...
Olympic legend and women’s rights advocate Allyson Felix, along with her brother and long-time business partner Wes Felix and renowned sports executive Cosette Chaput, founded Always...
Red Lobster, a prominent restaurant brand in the United States, recently named 35-year-old Damola Adamolekun as its new CEO. Originally from Nigeria and raised in the...
Bloomberg | Dangote oil refinery is due to take in up to 400,000 barrels a day of Nigerian crude over the coming two months as Africa’s...
The cabinet of Guyana is set to evaluate the application of the new airline, LIAT 2020, which aims to begin operations in Guyana within the next...
Bloomberg | An African company was a pioneer in mobile money, helping millions of people conduct banking transactions in the absence of robust financial infrastructure. That...
The 2024 Forbes 400 list, which ranks the wealthiest individuals in America, has named IT entrepreneur David Steward as the richest Black person in the country....
By NJ Ayuk Angola has successfully transitioned from being a declining oil producer to becoming a key destination for global oil investments. The petroleum industry remains...
Bahamian Prime Minister Philip Davis highlighted that the government’s initiatives to manage debt and introduce new energy reforms have resulted in Standard & Poor’s (S&P) decision...
Kenya is redefining its tourism industry with a groundbreaking policy that allows foreign travelers on connecting flights to explore the country without the need for a...
Robert F. Smith, the CEO and founder of Vista Equity Partners, is collaborating with Blackstone to acquire Smartsheet, a leading enterprise work management platform utilized by...
Haiti has officially become the 12th Caribbean Community (CARICOM) member state to join the partnership agreement between CARICOM countries and the African Export-Import Bank (Afreximbank). The...
Reuters | Uganda has formed a state-owned mining company to manage the government’s equity interests in mining operations, its minister for energy and mineral development, Ruth...
The Bank of Jamaica (BOJ) has reduced interest rates by 25 basis points (bps) to 6.50 percent per annum, a decision announced by the central bank...
Kenya’s wireless provider, Safaricom has launched MPESA Ratiba, a groundbreaking feature on its M-PESA mobile money platform that enables users to set up standing orders directly...
The Guyanese government plans to establish an oil and gas data repository later this year, which will centralize all historical and current petroleum data within the...
Tanzania’s mining authority has mandated that all mining companies and gold traders exporting the precious metal must set aside at least 20 percent of their gold...
Bloomberg | Ghana has launched a new gold coin to help it manage money-market liquidity, while boosting domestic savings. The coin, made from gold mined in...
Bloomberg | Byron Allen’s Allen Media Group is planning deeper cost cuts as it stares down debt maturities, and has retained advisers, according to people familiar...
For many university students, finances can be tight, but for Chinazom Arinze, this challenge sparked the creation of a business. While studying law at Babcock University...
Nigeria, Africa’s most populous nation, is set to begin importing milk and coffee from Uganda, marking a significant step forward for intra-African trade. This development follows...
Guyana’s Natural Resource Fund (NRF), responsible for managing the country’s offshore oil revenue, received around US$80 million in August 2024 from the sale of approximately one...
Bloomberg | Zimbabwe’s central bank governor John Mushayavanhu said he will consider using the country’s reserves to protect the bullion-backed currency against severe market disruptions. Mushayavanhu...
The newly rebranded regional airline, LIAT 2020 (Leeward Islands Air Transport), is set to launch flights to 11 new destinations in the near future. CEO Hafsaf...
The Development Bank of Southern Africa (DBSA), in partnership with the International Development Finance Corporation (DFC), has approved up to US$200 million in funding for the...
Tanzania’s ascent to the top of Africa’s 2024 Global Cybersecurity Index (GCI) is the result of strategic advancements in both cybersecurity infrastructure and regulatory frameworks. The...
Bloomberg | Ghana’s economy expanded at its fastest pace in five years in the second quarter, beating economists’ estimates by more than double, after better performances...
Bloomberg | World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala is seeking a second term as the rule-setting body for international commerce faces rising protectionism from some...
The US$20 billion Lagos-based Dangote Refinery is set to begin supplying Premium Motor Spirit (petrol), marking a major shift for Nigeria as it reduces its dependence...
Discover the Heart and Soul of Africa and the Diaspora in the Latest Book by Gregory Simpkins – Editor-in-Chief of The Habari Network by The Habari...
Jamaica’s microcredit market has expanded to J$46 billion (US$293 million), reflecting a growth of over 15 percent compared to the previous year, based on loan balances...
Reuters | The start of commercial crude oil production in Uganda is expected to propel economic growth into double digits in the next financial year, the...
Redwood Software, a leading provider of automation fabric solutions, has announced a new agreement to be acquired by funds managed by Vista Equity Partners, a global...
VOA | Central banks in Africa are turning to gold to protect themselves from economic and geopolitical instability and to diversify their financial portfolios. In September...
Rwandan Prime Minister Edouard Ngirente has presided over the groundbreaking ceremony for the Kigali Innovation City (KIC) in Masoro. The US$300 million initiative aims to transform...
Sheila Jackson and Natasha McCrea are reshaping the traditionally white, male-dominated whiskey industry. What began as a casual dinner conversation has grown into a pioneering venture....
Barbados has made history as the first country to introduce a national AI Agronomic Advisor, setting a groundbreaking precedent in the global agricultural sector. This innovative...
Bloomberg | Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, people with knowledge of the matter said,...
Reuters | China, Tanzania and Zambia signed an initial agreement to rehabilitate a decades-old railway aimed at improving the rail-sea transportation in resource-rich East Africa, Chinese...
Bloomberg | Nigeria’s giant new Dangote oil refinery is filling tanks with gasoline, a milestone for the African nation that’s been more than a decade in...
Guyana’s gross domestic product (GDP) grew by an estimated 49.7 percent in the first half of 2024, driven largely by revenues from the oil and gas...
Liberia’s gross domestic product (GDP) growth is expected to accelerate to 5.4 percent in 2024, up from an estimated 3.7 percent in 2023. According to data...
Ghanaian President Nana Akufo-Addo has inaugurated the construction of a new oil refinery with a capacity of 300,000 barrels per day, aiming to establish Ghana as...
Burkina Faso has finalized an agreement to nationalize two gold mines for approximately US$80 million, a deal originally set for over US$300 million with Lilium Mining...
The Dominica government has expressed its support for the Antigua & Barbuda-based regional airline, LIAT 2020, which has included Dominica among its new routes. The airline’s...
Bloomberg | Zambia plans to establish an investment company that will control at least 30 percent of critical minerals production from future mines. Mines Minister Paul...
As we celebrate National Black Business Month this August, it’s an excellent time to acknowledge the invaluable contributions of Black-owned businesses to both the Black community...
Reuters | Nigeria’s economy grew 3.19 percent year on year in the second quarter of 2024, statistics agency data showed on Monday. The growth rate was...
Earlier this month, Vista Equity Partners (Vista), a global investment firm founded by Robert F. Smith that specializes in enterprise software, data, and technology-enabled businesses, announced...
Reuters | The International Monetary Fund (IMF) on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded...
Reuters | Nigeria’s 650,000-barrel-per-day Dangote refinery is undergoing test runs for gasoline production, with full operation expected by mid-September, according to a note by industry monitor...
After 17 years of negotiations, Comoros has officially joined the World Trade Organization (WTO). While WTO members gave their formal approval for Comoros’s accession last February,...
Bloomberg | Ghana has ditched plans of borrowing from international banks to fund its cocoa crop in the next season, breaking a 32-year-old tradition that has...
Beyoncé has embarked on a new business venture. The music icon has partnered with Moët Hennessy, a subsidiary of LVMH, and master distiller Dr. Bill Lumsden...
Bloomberg | Senegal’s government set up a commission to examine natural-resource contracts awarded to foreign investors and establish whether they comply with the West African nation’s...
AFP | Crouched next to a pile of fresh mangoes, Senegalese farmer Mame Abdou Diop shoots a TikTok clip hoping it will be a hit with...
Bloomberg | In a finely balanced oil market, Nigeria has suddenly reemerged as a key player. During the past few weeks, actions by the country’s massive...
The Government of Barbados is in the process of developing a comprehensive modern industrial policy aimed at strengthening local manufacturers, enabling them to expand and compete...
By NJ Ayuk I strongly encourage African governments to address and minimize the challenges of doing business in the region. To create a more favorable environment,...
Reuters | Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at...
By Danilo Desiderio The establishment of a unified African market under the African Continental Free Trade Area (AfCFTA) is facing greater challenges and delays than initially...
NBA star Kevin Durant is leaving Paris with more than just an Olympic gold medal – he’s now an investor in top French football (soccer) club...
Chris Wachira is the founder and CEO of Wachira Wines, the first Kenyan-American winery in the United States, which she established in 2017. Originally from Kenya,...
In the 1990s, Nigerian investor Hakeem Belo-Osagie took on the formidable task of acquiring a bankrupt government-owned bank. Through strategic leadership and an unwavering determination, he...
Reuters | Ghana opened its first commercial gold refinery in Accra, the capital, on Thursday as part of an effort by Africa’s leading gold producer to...
The government of Trinidad & Tobago has revealed that over 10 proposals have been submitted for the management of the state-owned oil refinery located in Point-a-Pierre....
A groundbreaking initiative is underway to bring Black Americans back to Africa, spearheaded by a Black-owned construction company that plans to develop state-of-the-art sports arenas and...
Bloomberg | Lagos-based FCMB Asset Management Ltd. is seeking to raise 100 billion naira (US$63 million) in Nigeria’s first private credit fund to support mid-sized firms...
By Marie-Laure Akin-Olugbade Africa’s women entrepreneurs face a significant challenge: a staggering US$42 billion financing gap, despite their substantial contributions to our economies. In Nigeria, about...
Reuters | Kenya’s Mobius Motors, which started making rugged, low-priced SUVs designed for Africa’s roads a decade ago, has decided to stop operating due to financial...
LIAT 2020, the revitalized version of one of the Caribbean’s most cherished airlines, made its historic maiden flight, marking a significant milestone in regional aviation. The...
By Mark-Anthony Johnson The African Continental Free Trade Area (AfCFTA) is a central initiative within the African Union’s Agenda 2063, which is a strategic framework aimed...
Toronto-based cybersecurity startup Protexxa has achieved a significant milestone in Canada by closing a CAD$10 million (US$7.21 million) Series A funding round. The company plans to...
The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) is set to take place in Beijing from September 4 to 6, with the theme “Joining...
Jamaica-based Wigton Windfarm Limited is accelerating its plans to diversify beyond wind turbines as its sole power source for the national grid. The company intends to...
AFP | France captain Kylian Mbappé has taken over as majority shareholder of Ligue 2 club Caen, Mbappe’s company Interconnected Ventures announced in a statement on...
The African Export-Import Bank (Afreximbank) has allocated US$400 million to support Zimbabwean-based pan-African companies aiming to invest across the continent. This initiative is anticipated to bolster...
August marks National Black Business Month in the United States, and research shows that Black women-owned businesses have been celebrating increased visibility, revenue, and development opportunities...
Reuters | Nigeria’s government gave approval on Monday for state oil company NNPC Ltd to sell crude in the naira currency to the mega Dangote refinery...
AFP | A new electrified commuter railway in Tanzania meant to modernize travel in the traffic-plagued country made its inaugural journey between the commercial hub Dar...
After stepping away from the NFL, Colin Kaepernick has been involved in various new endeavors, following his initiation of kneeling during the national anthem in 2016...
Jessica Norwood, founder and CEO of financial innovation firm RUNWAY, recently announced the launch of ‘ROOTED,’ a groundbreaking US$50 million fund designed to support Black business...
Trade between Africa and the Caribbean could reach US$1.8 billion annually by 2028 if efforts are focused on value addition, trade facilitation, and improved logistics, according...
Bloomberg | Sub-Saharan Africa offers a US$193 billion opportunity to invest in renewable energy and transmission by 2031, with returns a multiple of those in Europe...
The government of Antigua & Barbuda is hopeful that LIAT 2020, the new regional airline, will begin commercial operations in early August. However, they are still...
Bloomberg | African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their currencies and fanned inflation. Nations from...
Africa, abundant in natural resources, is often celebrated as the continent of the future. However, realizing its full potential requires a significant transformation in resource utilization....
Jamaican banks have decided to stop charging fees on dormant savings accounts, putting an end to a long-standing and controversial practice. Jide Lewis, Deputy Governor of...
By Mark-Anthony Johnson The world’s leading diamond mining countries have been revealed, highlighting the top producers in terms of carats and value, with a special focus...
The Burns Brothers, a Washington DC-based enterprise founded by John and Mike Burns, are expanding into major international markets, as detailed in a recent press release....
The Barbados-based Caribbean Development Bank (CDB), announced on Sunday that it had completed the “internal administrative process” involving its president, Hyginus ‘Gene’ Leon, and confirmed that...
Bloomberg | A credit ratings company being established to meet the unique needs of Africa’s sovereign borrowers is set to be ready by next year, an...
Aliko Dangote, the Founder and Chairman of the Dangote Group, announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20 percent stake...
Reuters | The African Group has asked World Trade Organization (WTO) chief Ngozi Okonjo-Iweala to run for a second term as the head of the global...
The Allen Media Group (AMG) free-streaming digital platform HBCU GO has announced its 2024 football season schedule. The season will feature a total of 26 football...
The vision of Africa’s founding fathers to unite the continent in shared prosperity is coming to fruition as Nigeria prepares to launch Preferential Trade under the...
By Martin Camara South Africa, Egypt, Morocco, and Nigeria boast large-scale manufacturing bases, including efficient automotive industries. Along with Algeria, these countries form a powerful economic...
Bloomberg | Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming the latest African nation to turn to...
Mozambican President Filipe Nyusi announced on Monday that his administration is currently in negotiations with Zimbabwean authorities to extend the Machipanda railway into Botswana. The Machipanda...
Following a year-long multimillion-dollar renovation, Salamander Washington, D.C., formerly known as the Mandarin Oriental Washington, D.C., has undergone a remarkable transformation. The property now boasts upgraded...
Bloomberg | Nigerian lawmakers are proposing a dramatic increase in the central bank’s power to use gold to shore up the nation’s reserves in defense of...
Theo Baloyi made a bold career move when he left his accounting job at a top multinational firm to pursue his passion for sneakers, a decision...
Bloomberg | Zimbabwe’s new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days – created a stable currency and tamed...
The development and implementation of an Afro-Caribbean marketplace is closer to reality following the recent agreement between the African Export-Import Bank (Afreximbank) and the Government of...
Reuters | Nigeria has been chosen to host the newly formed Africa Energy Bank (AEB), its oil minister said on Thursday, as Africa’s top oil producer...
Nigeria’s new Dangote oil refinery is ramping up gas oil exports to West Africa, capturing market share from European refiners, according to traders and shipping data....
Reuters | Private equity firm Vista Equity is in talks to cede control of its company Pluralsight to lenders, according to three people familiar with the...
The Caribbean nations offering Citizenship By Investment (CBI) Programs are swiftly implementing the Memorandum of Agreement (MOA). The agreement was signed by Antigua & Barbuda, the...
Afrilearn, Nigeria’s leading learning app, has created a buzz in the academic world with the introduction of its groundbreaking learn-and-earn platform. This innovative app has generated...
China has soared to become sub-Saharan Africa’s top trading partner in the past two decades. A fifth of the region’s exports now head to China, while...
Ethiopian Airlines has once again secured the prestigious Best Airline in Africa title for the seventh consecutive year, along with several other notable accolades. Ethiopian Airlines...
Bloomberg | Thelo Group’s management plans to buy Deutsche Bahn AG’s 49 percent shareholding and is in talks with financiers to raise US$250 million to help...
On May 28, during the Fourth International Conference on Small Island Developing States in Antigua & Barbuda, Barbados Prime Minister Mia Mottley introduced the Bridgetown Initiative...
A recently commissioned iron and steel facility in Zimbabwe, with an investment of US$1.5 billion and constructed by Chinese firms, has officially commenced operations with the...
Charlette N’Guessan serves as the Data Solutions and Ecosystem Lead at Amini, a deep tech startup that utilizes space technology and artificial intelligence to address the...
Bloomberg | Kenya is in talks with a unit of Nigeria-based Sahara Group Ltd., to co-build a 30,000-ton facility to handle and store liquefied petroleum gas,...
Barbados’ Prime Minister Mia Mottley has called for significant reforms in the Caribbean banking sector, urging greater diversity and competition to drive economic growth in the...
Aliko Dangote, has announced plans to venture into steel production, aiming to ensure that all steel used in West Africa is sourced from Nigeria. Dangote shared...
Kingsley Cooper, a trailblazer in the Jamaican fashion scene, esteemed attorney, and founder of Pulse Investments, has passed away at 71. Pulse Investments confirmed the news...
For over a decade, Nigeria has struggled to significantly boost its national grid, adding just 760 megawatts (MW) over 11 years. In a striking comparison, the...
Barbados Prime Minister Mia Mottley has called on Caribbean Community (CARICOM) nations that have yet to sign a trade agreement with the African Export-Import Bank (Afreximbank)...
Next week, finance ministers and central bank governors from the Caribbean Community (CARICOM) will gather to prepare for the upcoming annual heads of government summit in...
Reuters | Singapore, Asia’s oil hub, will be receiving this week its first low-sulphur straight-run fuel oil (LSSR) cargo exported from Nigeria’s new Dangote refinery, according...
Remittances are pivotal in many African economies, significantly boosting their Gross Domestic Product (GDP). In 2022, remittances comprised 7.6 percent of GDP in Western Africa, 6.8...
AFP | Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country’s...
A remarkable 59 percent of Kenya’s gross domestic product (GDP) is processed through M-PESA, the country’s leading mobile payment system. This translated into 20 billion transactions...
The cost of producing a barrel of oil in Guyana is among the lowest globally, according to a June 2024 report by the International Energy Forum...
By NJ Ayuk When the US$3.5 billion East African Crude Oil Pipeline (EACOP) is completed, it will mark a significant milestone. The 24-inch, 1,443-kilometer (896-mile) pipeline...
Nigeria, has approved an airline’s proposal to operate direct commercial flights to Barbados. However, the timeline for the launch remains uncertain, according to a regional banking...
Reuters | Africa needs quicker debt restructurings, more favorable lending terms and some $25 billion for the Africa Development Fund to avoid a lost decade, the...
The Belayneh Kinde Group has launched a new electric vehicle (EV) manufacturing plant in Debre Birhan, Ethiopia, with an investment of 3 billion Birr (US$52 million)....
Black-owned banks have a rich history of serving Black Americans and continue to support communities today. Emerging in response to discriminatory practices in the banking industry,...
The African Development Bank (AfDB) announced a major investment push for infrastructure development across the continent at its 2024 Annual Meeting in Nairobi, Kenya. Leading the...
Antigua & Barbuda is poised to broaden its development financing avenues by joining the Development Bank of Latin America and the Caribbean (CAF). Prime Minister Gaston...
Nigeria, often referred to as the “Giant of Africa,” is rapidly emerging as a significant economic power on the global stage. With a burgeoning population, abundant...
The Jamaican government is taking proactive steps to prevent the influx of substandard lithium-ion batteries amid tightening international regulations. These efforts aim to ensure public safety...
Fawn Weaver, the founder of Uncle Nearest, the fastest-growing Black-owned whiskey brand, has been recognized as one of Forbes‘ richest self-made women in the United States...
Reuters | Africa’s economic growth is set to accelerate to 3.7 percent this year and 4.3 percent next from 3.1 percent in 2023, African Development Bank...
Barring any last-minute changes, the US$20 billion Dangote Oil Refinery is set to be listed on the Nigerian Stock Exchange by December 2024. Aliko Dangote, the...
Harlem Capital is in the process of raising a US$150 million fund, as indicated by documents filed with the Securities and Exchance Commission. If successful, this...
Guyana’s government is advancing its plans to monetize its natural gas resources in the Stabroek Block offshore, aiming to generate cheaper energy and produce various other...
African Business | Binance, the world’s largest cryptocurrency exchange, has found itself embroiled in legal battles in Nigeria, as Africa’s most populous nation seeks to clamp...