Egypt advances alternative Europe–Gulf shipping corridor as losses in Strait of Hormuz become unbearable
Egypt is strengthening its cargo corridor with Italy as rising instability around the Strait of Hormuz pushes exporters and shipping...
Afreximbank backs Zimbabwe fuel pipeline as part of US$3bn intra-Africa trade push
Head Business Hub Zimbabwe stands to benefit directly from a new US$3 billion African Export-Import Bank (Afreximbank) facility aimed at...
Africa’s top gold producer sets 2026 deadline for foreign miners to hand operations to local contractors
Ghana has ordered Newmont, AngloGold Ashanti, and Zijin Mining to shift mining operations to local contractors by December 2026 The...
Africa needs two Dangote-sized refineries for future demand, says AFC
Nairobi|| Africa will require at least two additional Dangote-sized refineries to meet rising fuel demand, according to the Africa Finance Corporation’s...
Afreximbank eyes Africa businesses boost
According to a statement issued by Afreximbank yesterday, the training will take place in Egypt in June and is designed...
African Development Bank grants $25 million to protect drought-prone communities and strengthen food security
The Board of Directors of the African Development Bank Group has approved a $25 million grant to Zimbabwe for rural...
At Yaounde WTO Summit, Afreximbank Sets Out Plan to End Africa’s $50bn Cotton Import Dependency
Africa spends roughly $50 billion a year importing cotton products that it could manufacture itself, Afreximbank President George Elombi said, outlining...
Absa Bank Mozambique recognised for highest trading volume on the Mozambican Stock Exchange in 2025
Absa Bank Mozambique was recognised by the Mozambican Stock Exchange (BVM) as the institution with the Highest Trading Volume in...
Angola offers Botswana 30% in refinery project
Following Botswana President Duma Boko's visit to Angola in March, the Minister of Minerals and Energy Bogolo Kenewendo has revealed...
AfDB says Africa’s growth risks were tilted to downside even before Iran conflict
The shock of the Middle Eastern conflict to the African economy could be modest, the African Development Bank said on Monday, although...
