Altro, a black-owned credit-building financial literacy platform, has recently completed a successful strategic funding round, raising US$4 million. Notable figures such as Tinashe, Quavo, Marshawn Lynch,...
Reuters | Africa’s richest man Aliko Dangote is planning to set up an oil trading arm, to help run crude and products supply for his new...
Reuters | Trinidad & Tobago has extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the...
Press Release | Africa’s economies continue to grow faster than the global average of 3 percent demonstrating resilience against several challenges including climate change, geopolitical tensions,...
Richard and Mengistu Koilor achieved a significant milestone in Philadelphia’s brewing scene by opening Two Locals Brewery on January 31, making it the city’s first Black-owned...
A new study suggests that increasing the number of Black-owned businesses could be a critical step in addressing the racial wealth gap in the United States....
Press Release | The Board of Directors of the African Development Bank Group has approved a US$150 million Trade Finance Unfunded Risk Participation Agreement facility between...
Kenya-based start-up, Kuza Freezer, is converting plastic waste, recycling it, and using it to make solar-powered freezers. Kuza Freezer is a youth-led company based in Mombasa,...
Muhga Eltigani is the 32-year-old founder of NaturAll Club, a Philadelphia-based company that makes a line of refrigerated hair care products serving Black women. Born in...
The memorandum of understanding signed between Ethiopian Investment Holdings (EIH) and Hong Kong-based West Data Group’s Center Service PLC marks a significant step towards Ethiopia’s ambition...
Guyana’s President Irfaan Ali Wednesday urged regional countries to get involved in the integration of the economic expansion of his country, saying that is a “conversation...
Business Daily | Kenya has begun twitching its online visitor registration service that policymakers wanted to use to ease travel into the country, but which saw...
Interac Corp. has joined forces with the Federation of African Canadian Economics (FACE) for an initiative to boost visibility and support for Black-owned business across Canada...
Business Daily | The Nairobi Securities Exchange (NSE) has picked Frank Mwiti as the new chief executive effective May 2, to replace outgoing CEO Geoffrey Odundo,...
The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine has expressed optimism about the growth outlook for the Eastern Caribbean Currency Union (ECCU) economies,...
The collaboration between Nigerian-owned media company Kugali and Disney Animation has resulted in an innovative new animated series titled “Iwájú.” Set in futuristic Lagos, Nigeria, “Iwájú”...
Xinhua | The Ethiopian government has launched the construction of a vaccine manufacturing company, ShieldVax Enterprise, to stimulate local vaccine production for domestic consumption and export,...
The surge in public investment to counter the economic fallout of the COVID-19 pandemic in the United States coincided with a burgeoning movement to support Black-owned...
Bloomberg | Africa could have its first cobalt sulphate refinery by the end of 2025, one of the few outside of China capable of making the...
Bloomberg | Access Holdings Plc, owner of Nigeria’s biggest bank by assets, appointed Bolaji Agbede as acting group chief executive officer after the death of Herbert...
Press Release | The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network...
StatusPRO, Inc., has recently announced securing US$20 million in new funding, marking one of the largest Series A investments for a Virtual Reality (VR) gaming company....
It’s notable that supporting Black businesses is seen by a significant portion of Black adults as an effective strategy for advancing equality in the U.S. This...
Bloomberg | A helicopter carrying 6 people, including the co-founder of Nigeria’s biggest bank by assets, crashed in a Southern California desert area near the Mojave...
By Jevans Nyabiage SCMP | China’s total trade with Africa grew a modest 1.5 percent in 2023 from 2022 to US$282.1 billion, but Africa’s trade deficit...
Bloomberg | Mozambique is seeking to become one of Africa’s biggest hydropower producers and launch a green hydrogen industry. The government plans to add 14,000 megawatts...
Reuters | Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa’s...
The Pew Research Center survey indicates that a significant portion of Black adults view supporting Black-owned businesses as an effective strategy for advancing equality. This underscores...
Bloomberg | More than half of African nations will use the rules of a continental free-trade pact this year as the region moves closer to fully...
Bloomberg | Media mogul Byron Allen has extended yet another multibillion-dollar takeover offer – this time, making a US$14.3 billion bid to buy all of the...
The African tech startup ecosystem experienced a notable decline in total investment in 2023, with a 27.8 percent decrease to reach US$2.4 billion. This decline was...
It is noteworthy that Aliko Dangote, the founder and CEO of the Dangote Group, has experienced a substantial increase in his net worth according to Bloomberg’s...
Emma Grede‘s background and journey to success indeed reflect a story of resilience and determination. Growing up in East London and raised by a single mother,...
Bloomberg | Zambia plans to build a new rail connection to link a Lake Tanganyika harbor to an existing line that runs to neighboring Tanzania, boosting...
Reuters | In a world grappling with climate change and the search for sustainable energy solutions, Enock Gnaga hopes his company Benin Biogas’s complete waste-to-energy cycle...
Reuters | Tanzania said on Tuesday it had reinstated approval for Kenyan national carrier Kenya Airways to operate flights between the Kenyan capital Nairobi and Tanzania’s...
Reuters | Tanzania has withdrawn approval for Kenyan national carrier Kenya Airways to operate flights between the Kenyan capital Nairobi and Dar es Salaam, Tanzania’s commercial...
Reuters | Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000...
Bloomberg | Adebayo “Bayo” Ogunlesi had already racked up enough accolades to rival any of his elite friends. There’s the undergraduate degree with first-class honors from...
Jamaica Observer | The Jamaica Stock Exchange (JSE), in paving the way for more cross-border listings locally, has signed its latest memorandum of understanding (MOU) with...
Bloomberg | Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the...
The court-appointed administrator for the cash-strapped regional airline, LIAT, Cleveland Seaforth, says the airline will wind up its operations in its current form on January 24...
The Guyana government Friday said it would participate in a regional ferry service that would link the country with Barbados and Trinidad & Tobago. “Yesterday, Trinidad...
ANGOP | The first gold refinery in Angola, which is being built in the Viana Industrial Park in the country’s capital Luanda, will be completed later...
Bloomberg | The National Basketball Association (NBA) has named a top investment lawyer to oversee the sport and its business on the African continent. Clare Akamanzi,...
Bloomberg | Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two...
Press Release | Central Africa holds some of Africa’s leading frontier markets for hydrocarbon exploration, featuring underexplored acreage, coupled with substantial proven oil and gas reserves....
Bloomberg | Angola announced it’s leaving OPEC following 16 years of membership amid a dispute over oil production quotas, while the cartel tries to buoy global...
Bloomberg | Nigeria is introducing incentives to attract oil and gas investment as Africa’s biggest economy works to ramp up crude output. The measures include substituting...
Reuters | COVID-19 vaccine maker BioNTech aims to start production at its mRNA vaccine factory site in Rwanda in 2025, company officials said on Monday, the...
Reuters | Tanzania’s economy is expected to grow by about 5.5 percent in 2024, up from about 5 percent in 2023, but it faces risks from...
When Byron Allen was just 14, he started doing stand-up comedy. Four years later, in 1979, he became the youngest comedian to appear on “The Tonight...
Reuters | The African Development Bank (AfDB) has approved over US$696 million in financing for a rail project to link Tanzania, Burundi and the Democratic Republic...
The St. Lucia government has revealed it will be paying out an estimated EC$20 million (US$7.4 million) in outstanding tax refunds dating back to 2015. A...
Reuters | Up to US$1 billion will be available to boost African vaccine manufacturing as part of a new scheme set up by Gavi, the Vaccine...
APO Group | Entrepreneurs hailing from Nigeria, Kenya and Egypt were in the top three following the final pitching session in the Grand Finale; ABH (www.AfricaBusinessHeroes.org)...
Bloomberg | Media executive Byron Allen is weighing a bid for several television stations from broadcaster E.W. Scripps Co. and is seeking funding from the private...
The St. Kitts & Nevis government has launched a plastic ban campaign to raise public awareness and support for its agenda towards banning, phasing out and...
Bloomberg | Angola rejected a new output quota handed to it by the Organization of the Petroleum Exporting Countries (OPEC) and said it planned to breach...
CNBC Africa | The President of Dangote Group, Aliko Dangote, has revealed plans to list the US$20 billion Dangote Petroleum Refinery on the Nigerian Exchange (NGX),...
A New York-based minority investment firm has sweetened its offer for Carver Bancorp. Dream Chasers Capital announced last Monday in a press release that it would...
Lagos-based Access Bank, one of Africa’s biggest banks, is close to finalizing a regulatory process to launch its first full banking service in Asia in the...
AFP | Burkina Faso’s junta-led government on Thursday launched the construction of the country’s first refinery for gold, Burkina’s main mineral resource, an AFP journalist said....
Sati Smith is breaking barriers in banking. She has been named the first Black woman CEO to lead Diversified Members Credit Union (DMCU), based in Detroit,...
PRNewswire | Boeing and Ethiopian Airlines last week announced the carrier has agreed to order 11 787 Dreamliner and 20 737 MAX airplanes with an opportunity...
Press Release | Reinstein Ross, the distinguished jewelry brand renowned for its exquisite brushed gold creations in iconic custom gold alloys and rare gemstones, is proud...
Artificial intelligence company Tech Spark AI announced on Wednesday a $1.4 million pre-seed round to build out a new generative AI platform called Spark Plug. The...
Reuters | Toronto-based law firm Bennett Jones on Monday named Dominique Hussey as its chief executive officer, the first Black woman to take the helm at...
Bloomberg | Billionaire Aliko Dangote, Africa’s richest person, said his refinery has secured a license to refine more than 300,000 barrels of Nigerian crude per day...
Isaac Hayes made history as the first Black entrepreneur to raise an impressive US$10 million in crowdfunding. His subscription-based social media platform Fanbase announced crossing the...
Bloomberg | Angolan President João Lourenço on Friday opened a long-delayed international airport outside the capital Luanda, with passenger flights scheduled to begin in early 2024....
By Chris Wedding Meet the first Black woman-owned, electric vehicle (EV) charging station manufacturer in the world. Natalie King is the founder and Chief Executive Officer...
Press Release – APO | The Pan-African Payment and Settlement System (PAPSS), a groundbreaking initiative developed by the African Export-Import Bank (Afreximbank) to revolutionize cross-border payments...
Bloomberg | The full ramp up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a...
By Victor Oluwole The Africa Development Bank (AfDB) has announced the launch of the Special Agro-Industrial Processing Zones Alliance (SAPZ), a groundbreaking project aimed at mobilizing...
Press Release – CNW | The Federation of African Canadian Economics (FACE) released its 2022/2023 annual report showcasing its commitment to driving generational wealth, economic empowerment,...
Black Girls Code has new leadership. According to a press release, on late last month, Cristina Jones was announced as the nonprofit organization’s CEO. Under her...
After earning a company millions of dollars, Robert F. Smith wanted to be on the other side of the equation. Before Smith became a billionaire, he...
Reuters | Nigeria’s state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day (bpd) Dangote oil refinery with up to six cargoes of crude oil...
Microsoft has appointed a new leader to take charge of the future of one of the top brands it owns. Following Microsoft’s acquisition of Activision Blizzard,...
PR Newswire | Standard Chartered has today published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the...
Press Release | OneUnited Bank, the nation’s largest Black-owned bank, unveils WiseOne® Insights, a revolutionary financial wellness companion. This groundbreaking AI-driven tool is designed to guide,...
Bloomberg | There is no place like home for African governments shut out of global debt markets by crises that have made foreign borrowing too expensive....
By Joseph Rutakangwa The rapid evolution of the digital age has seen the world grow closer than ever before. An integral part of this story has...
Bloomberg | For all of COVID-19’s disruptions, one trend during the global pandemic presses on unabated. And that would be 5 of the world’s 10 fastest-growing...
Barbados’ economy expanded by 4.4 percent in the first 9 months of this year, the largest nine month expansion since 2006, excluding the pandemic recovery period,...
After completing the evaluation of the bids submitted for 8 of 14 oil blocks, the government has finally awarded 8 of the blocks to 6 different...
By Giza Mdoe The Exchange Africa | Green hydrogen, which is derived from a clean process of electrolyzation, has the potential to transform the energy landscape...
Jamaica-based H&L Agro and Guyana’s Agricultural & Public Health Solutions (APSOL) have signed an agreement to help develop and sustain agriculture in the Caribbean Community (CARICOM)...
AfDB | The International Energy Agency projects that manufacturers of clean energy technologies will need forty times more lithium, twenty-five times more graphite, and about twenty...
Bloomberg | Jamaica plans to use a pair of credit upgrades and strong investor demand for its bonds to drive down borrowing costs as it returns...
Reuters | Ghana’s government has approved its first lithium mine run by a subsidiary of Australia-based Atlantic Lithium Limited, the West African country said on Thursday,...
By Christina Katsouris When Aliko Dangote, an industrialist from the northern state of Kano, first announced the project in 2013, analysts were skeptical. Dozens of proposed...
The Bahamas government has criticised the European Union (EU) for relying on what it said is outdated information in order to keep the country on a...
Bloomberg | South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s...
Reuters | Media entrepreneur Byron Allen last month, made a US$10 billion bid to buy Walt Disney’s ABC television network and assets including the FX and...
Reuters | Tanzania is expecting to officially launch the country’s fifth oil and gas licensing round by June and award licences to the winners by December...
Press Release | Black Enterprise, the premier business, investing, and wealth-building resource for African Americans, is thrilled to announce the highly anticipated 2023 Black Men XCEL...
Bloomberg | Tanzania will target boosting investment from India, the East African nation’s biggest trading partner, by 10-fold in the next 2 years. The Tanzania Investment...
Starting December 1 this year, the regional carrier interCaribbean Airways will start operating fully in Barbados in a strategic move to enhance connectivity and flight options...
Bloomberg | A team spun out of Carlyle Group Inc. said they’ve got backing from the founders of the US private equity (PE) firm as well...
Reuters | Air Senegal and Morocco’s Royal Air Maroc on Wednesday signed a memorandum of understanding for code-sharing and other steps to deepen cooperation. Air Senegal...
APO Group | African statesman and former President of the Republic of Nigeria Olusegun Obasanjo represents one of the continent’s most influential and impactful leaders who...
By Chinedu Okafor Kenya plans to begin building its first nuclear power station in 2027 as the nation works to diversify its energy production in response...
The Governor of the Bank of Ghana, Ernest Addison, stated on Monday that recent data suggests the country’s economic growth is more robust than expected. He...
S&P Global | The long-awaited Dangote refinery – billed as a game-changer for Nigeria and sub-Saharan Africa – will receive its first cargo of crude in...
Bloomberg | Vista Equity Partners tapped a credit line backed by its private equity stakes to finance a cash injection for Finastra Group Holdings Ltd. that...
Reuters | Djibouti launched a 60 megawatt MW windfarm on Friday, increasing the Horn of Africa country’s power production by almost 50 percent and reducing its...
JIS | Jamaican micro, small and medium-sized enterprises (MSMEs) are being encouraged to tap into the Latin American (LATAM) market as they seek to expand their...
The Economic Commission for Latin America and the Caribbean (ECLAC) Tuesday predicted that the region’s economies will maintain low levels of growth this year and next...
Reuters | Walgreens Boots Alliance CEO Rosalind Brewer has stepped down, the U.S. pharmacy chain operator said on Friday, less than 3 years after the former...
Bloomberg | Nigeria’s gridlocked commercial hub of Lagos started operating its first light-rail system on Monday, 12 years after it first planned to start ferrying riders....
By Nigel Roberts Africa has been stereotyped as poor and politically unstable for decades, but countries like China and Russia continue to make headway into many...
By Chinedu Okafor According to Uganda’s finance ministry, the nation’s yearly and monthly trade deficits with the rest of the world have decreased as a result...
Startups in Kenya have received more equity funding from investors in Africa in the first half of 2023, as per data released by Briter Bridges. The...
Press Release | Billionaire business mogul and philanthropist Trisha Bailey, the ultimate overcomer, will embark on a multi-city book tour this fall for her motivational memoir...
At first, Kelly Ifill had no interest in following in her family’s footsteps. Her father has a long-running contracting business. Her grandmother ran a cleaning service....
Bloomberg | Flutterwave Inc., Africa’s largest startup, is pressing ahead with plans for an initial public offering after making headway in resolving allegations of financial impropriety...
Robert F. Smith recently announced that Vista Equity Partners, his market investment firm, has surpassed US$100 billion in assets under management – the total market value...
Reuters | Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of US$15 million, the government’s investment agency said...
Several major retailers and brands have contributed a total of US$14 billion in revenue to Black-owned businesses since May 2020 as part of their commitment to...
Reuters | The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes...
Caribbean National Weekly | Members of the Caribbean Development Bank (CDB) are poised to bolster their readiness and efficacy in tackling emergency situations, with the bank...
Reuters | Safaricom’s M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart...
Reuters | Guyana and the Dominican Republic have signed a memorandum of understanding to cooperate on recruiting companies to build a 50,000-barrel-per-day refinery in Guyana that...
Baltimore-based Latimer Ventures, a Black-owned, early stage venture capital firm, recently announced a close of US$15 million for its fund launched exclusively for Black and Brown...
Bloomberg | The Reserve Bank of Zimbabwe has stockpiled 300,000 carats of diamonds under new regulations which compel miners to pay half of their royalties using...
By David Larkin Today, Black and African American women are driving small business growth and are one of the fastest-growing groups of entrepreneurs in America. Currently...
Bloomberg | Ghana approved a green-minerals policy to help manage the exploitation and production of lithium, a step toward tapping into the multibillion-dollar global industry. The...
Uber and Safaricom have partnered to ease payment of trips by riders across Kenya through M-Pesa. This follows an earlier deal between the wireless carrier and...
Press Release | Safaricom shareholders have approved two new subsidiaries, one dedicated to investing in seed-stage and another on growth-stage start-ups. These significant developments, approved at...
Press Release | After several rounds of consultations and input from the various stakeholder partners, the Ministry of Agriculture, Fisheries, Marine Resources and Cooperatives has officially...
Reuters | Telecom firm MTN Uganda, a unit of South Africa’s MTN Group, on Friday launched the first 5G network in the east African country. MTN...
Caribbean Community (CARICOM) Secretary General Carla Barnett says there has been progress in trade and investment between Africa and the 15-member regional integration grouping following the...
Entrepreneur and NBA Hall of Famer Magic Johnson added to his voluminous business portfolio by officially becoming part-owner of the Washington Commanders. The NFL owners voted...
Reuters | Nigeria’s President Bola Tinubu on Friday announced the creation of a new infrastructure fund, part of a series of measures to boost the economy...
The Exchange Africa | While global economic growth is projected to average between 2.7 percent and 3.2 percent, the Democratic Republic of Congo (DR Congo) will...
AP | Sean “Diddy” Combs wants to strengthen the Black dollar: The music mogul is spearheading a new online marketplace called Empower Global that will specifically...
Bloomberg | The African Development Bank (AfDB) Group is in discussions to back a new debt-for-nature swap, marking its entry into a fast-growing corner of the...
Bloomberg | Ghana’s parliament passed a law legalizing the cultivation of cannabis for industrial and health purposes, a move that will help the West African nation...
Press Release | Caribbean Airlines, the leading carrier in the Caribbean region, has announced the launch of its Sustainability Programme in line with the principles of...
By Henri Al Helaly Entrepreneurship in Africa is on an exponential upsurge. The vibrant entrepreneurial landscape is being propelled by several factors: a young demographic driving...
Oil production in Guyana’s Stabroek block is projected to average some 1.2 million barrels of oil per day by the end of 2027. This was disclosed...
Moove, an Nigerian mobility company, that provides revenue-based vehicle financing to mobility entrepreneurs, democratizing vehicle ownership across Africa, has secured US$8 million in funds from Absa...
Guyana will host the second AfriCaribbean Trade and Investment Forum (ACTIF23) in October, according to a statement. The African Export-Import Bank (Afreximbank) and the Guyana government...
By Osej Serratos, Morgan Norwood, and Allie Weintraub When Dorian Bolden began expanding his coffee shop, Beyu Caffe, in Durham, North Carolina, he says the most...
Caribbean Community (CARICOM) leaders ended their three-day summit in Trinidad & Tobago on Wednesday night agreeing to have the free movement of all categories of people...
Bloomberg | Nigerian President Bola Tinubu suspended excise taxes on telecommunications services and some locally produced goods introduced 2 months ago. The new head of state...
Press Release | Yum! Brands, Inc. last week announced the promotion of Sean Tresvant to Taco Bell Division Chief Executive Officer, reporting to Yum! Brands Chief...
Press Release | Jamaica is rapidly becoming the place big names in business want to call home and at Collision 2023, the country will introduce its...
Creative money moves are coming from MVP Joel Embiid as he announces the launch of Miniature Géant, a media company in partnership with SpringHill Company. The...
Billionaire investor Robert F. Smith’s private equity firm has doubled its money after striking a deal this week to sell a software maker. Vista Equity Partners...
Bloomberg | Long-delayed negotiations between Tanzania and oil majors for a US$42 billion onshore liquefied natural gas plant were concluded in May, paving the way for...
Bloomberg | Kenya plans to repurchase at least half of its US$2 billion eurobond that’s maturing in June 2024 before the end of this year, President...
The 15-member Caribbean Community (CARICOM) is reviewing its trade instruments to make them fit for purpose to facilitate increased trade, agricultural expansion, and industrial development beyond...
Reaching new heights depends on taking risks. For Antoine Grant, his path demonstrates that he was always destined for a successful entrepreneurial path. However, it required...
Bloomberg | Ghana’s economy grew faster than anticipated in the first quarter, driven by the services and agricultural sectors. Gross domestic product (GDP) expanded 4.2 percent...
Reuters | Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and...
In a major development for the entertainment industry, BET has become Black-owned once again after 21 years, while VH1, for the first time, now also boasts...
Kenya Airways and Emirates have announced an interline partnership that will allow customers of both airlines access to new destinations on the two airlines’ networks within...
Bloomberg | Nigeria passed legislation that’s expected to set off the biggest shakeup of the West African nation’s chronically inadequate power industry in almost 2 decades....
Airspace Africa | Ethiopian Airlines Group has successfully rebounded to pre-pandemic operational levels and is now focused on further expanding its fleet and network, according to...
Reuters | A Kenyan parliamentary committee has approved of President William Ruto’s pick for the next central bank governor and recommended that the National Assembly supports...
By Chinedu Okafor African trade experts have highlighted a number of obstacles preventing the intra-African market from maximizing its potential, including cumbersome border inspections, harassment, solicitation...
Bloomberg | Kenya’s president urged African countries to process payments through a platform developed to handle local currencies across the continent, as emerging nations struggle to...
By Stephen Onyeiwu As anticipated, Nigeria’s new president Bola Ahmed Tinubu has jettisoned the fuel subsidy, which is estimated to cost the Nigerian treasury about US$10...
Antigua & Barbuda Prime Minister Gaston Browne has urged former employees of the cash-strapped regional airline LIAT (1974) to accept his administration’s compassionate offer while accusing...
Business Daily | Kenyan President William Ruto has announced plans to remove visa requirements for African nationals travelling to Kenya for business as a first major...
Reuters | Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi...
Reuters | Africa’s economic growth is set to edge upwards in 2023 and 2024 amid tighter global monetary policy and the fallout from Russia’s invasion of...
The Trinidad & Tobago-based Caribbean Telecommunications Union (CTU) says at least 9 Caribbean countries have signed the Port of Spain Commitment on Digital Integration, signalling a...
JIS | Jamaican returning residents who are interested in starting a business are being encouraged to utilize the recently launched Jamaica Business Gateway for assistance. Jamaica’s...
By Chimgozirim Nwokoma Africa is expected to be the fastest-growing region for fintech between 2021 and 2030, even as revenues are projected to reach US$60 billion....
The Central bank of the Bahamas (CBB) Monday said the robust recovery of the Bahamian economy was sustained in 2022, underpinned by the further rebound in...
AFP | Ethiopia’s central bank said on Thursday it had issued a mobile money licence to Kenyan telecoms giant Safaricom, the first granted to a foreign...
Reuters | Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said, setting up the plant for...
By Yinka Adegoke Botswana’s acquisition of a 24 percent stake in a Belgian diamond company is one of the most ambitious attempts by an African country...
Bloomberg | Fidelity Bank Plc, Nigeria’s best-performing bank share this year, plans to expand in at least five African countries after finalizing the acquisition of the...
The government of Antigua & Barbuda has agreed to the terms of a joint initiative with Nigerian private carrier, Air Peace, to boost investments in LIAT...
By Anisa Muridi Africa is now projected to become the fastest-growing region globally, outpacing Asia, according to a new report by Mo Ibrahim Foundation. It is...
Bloomberg | Two of Nigeria’s richest men are battling for control of one of the country’s biggest conglomerates, with each raising their stakes dramatically. Tony Elumelu,...
CoinDesk | The Reserve Bank of Zimbabwe (RBZ), plans to introduce a gold-backed digital currency as legal tender to help stabilize the local currency, the Zim...
AP | The number of tourists flocking to Jamaica’s sun-drenched beaches soared nearly 100 percent in the first 3 months of the year, causing long queues...
African Business | The African Export-Import Bank (Afreximbank) and the United Nations Economic Commission for Africa (ECA) have signed a framework agreement with the Democratic Republic...
Reuters | Zimbabwe’s economy could grow 6 percent this year, better than a previous forecast for 3.8 percent growth, thanks to a strong performance by agriculture...
Top representatives from Kenya Airways (KQ) and Air Tanzania Company Limited (ATCL) have met to discuss the prospect of a cargo transportation collaboration. This news comes...
Serena Williams retired from tennis, but she hasn’t let up on putting fuel to the fire of her ventures. According to The Hollywood Reporter, the businesswoman...
By Jessica Blake Reuters | Africa is rich with women entrepreneurs. In fact, the continent has the highest proportion of women entrepreneurs in the world, with...
By Samuel Samiai Andrews Nigeria has finally updated its 2004 copyright law, bringing it into the digital era – where the entertainment industry has been for...
Bird Story Agency | Tanzania and Burundi have floated a tender for designing and constructing an electrified railway that will initially connect the two countries and...
By Chinedu Okafor Tanzania garnered US$1.2 billion in investment through projects filed with the Tanzania Investment Centre (TIC) from January to March, compared to US$787.4 million...
Press Release | African Export-Import Bank (Afreximbank) has announced that its Board of Directors has approved the opening of the Bank’s Caribbean Community (CARICOM) Office to...
By Gloria Methri Moni has launched a new range of business loans that enables market traders, spare part dealers, textile traders, and other small business owners...
Jamaica’s Tourism Minister Edmund Bartlett has called for closer relationships between Africa and the Caribbean saying it would provide “a wonderful opportunity for a reverse Diaspora...
The International Air Transport Association (IATA) has revealed that the African aviation industry has recovered 93 percent from the COVID-19 pandemic. Therefore, it is right to...
The Eastern Caribbean Central Bank (ECCB) revealed earlier this week, that the Bank of St Vincent & the Grenadines (BOSVG) has taken over the operations of...
AFP | In a perceived challenge to De Beers’s dominance of Botswana’s diamond industry, the southern African nation’s government announced Monday it will buy a 24...
Reuters | Kenya’s government is close to approving a restructuring plan for Kenya Airways to replace one introduced by the previous administration and backed by the...
Jamaica’s central bank- the Bank of Jamaica (BOJ) – has revealed that a significant number of small-business operators have registered with its digital currency, ‘JAM-DEX‘, while...