Tuesday, October 21, 2025 - 12:27:14
Columbus, United States | 10°C | Broken clouds
Columbus, United States | 10°C | Broken cloudsLatest
What used to be seen as small and underdeveloped is now grabbing attention as a hotspot for investments and business growth. Ghana’s benchmark stock index, which led the continent as the top performer last year, is a prime example. With investor confidence soaring in President John Mahama’s incoming government and its promises to restore economic […]
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The project is “pharaonic”, Dady Saleh, a Congolese economic analyst, told Al Jazeera. Though he recognises its overall economic potential, he said he regrets that the countries where this infrastructure project will take place will only benefit from “crumbs” – pointing to potential dangers ahead specifically for the DRC. Saleh said the DRC is the […]
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The Ethiopia-Kenya Electricity Highway follows the model of other interconnectors in Africa, including one between Zambia and Namibia, which has run since 2010 and cost $300 million to construct, and a 1,000-mile interconnector between two regions of the Democratic Republic of Congo, running since 1982 and costing over $800 million. The Ethiopia-Kenya Electricity Highway, also […]
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These debts reflect a dependence on external financing to address fiscal challenges, particularly during economic crises. IMF loans offer financial relief but often have strict conditions, including subsidy cuts, currency adjustments, and austerity measures. While intended to stabilize economies, critics argue these policies strain public investments in healthcare, education, and infrastructure, raising concerns about long-term […]
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Ramesh Moochikal, CEO of Africa Improved Foods, says that the company is seeking hundreds of millions in investment to enable it to expand to other parts of the continent as it targets a shift to commercial food production. Currently, it operates in Rwanda as a subsidiary company called AIF Rwanda, 7% of which is held […]
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Startup Graveyard is documenting the number of African tech ventures that have shut up shop since the global crisis hit. And the list includes some serious names – in various shapes or forms, Sendy, Copia, MarketForce, and WhereIsMyTransport. We are also starting to see successful African founders give back by making investments in the space. […]
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According to the Or Foundation, which campaigns against textile waste in Ghana, 15m secondhand garments from countries in the global north such as the UK, the US and China arrive at the market every week. The Kantamanto community is responsible for recirculating 25m pieces of secondhand clothing every month through resale, reuse, repair and remanufacturing. […]
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A coffee tree is a huge investment for cash-strapped farmers, as it can take four years for the fruits to mature. The price of a single cup of coffee in a chic European café, typically $4, highlights a stark disparity when compared to the earnings of many Kenyan coffee labourers, who make at most $2.30 […]
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In his New Year message, Nigeria’s President Bola Tinubu reiterated his administration’s goal to reduce the country’s inflation rate from 34.6% to 15% by the end of 2025. During his address, Tinubu stated that his government will pursue the dual strategy of boosting food production and local manufacturing of essential drugs to achieve this goal. […]
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The 100 Most Influential Africans of 2024, curated by New African Magazine, celebrates leaders shaping Africa’s future across different industries. Of the 100 leaders, the list honors 23 Africans making strides in business on the continent. Key highlights of this include Flutterwave’s foray into e-commerce and the completion of the world’s largest single-train refinery by […]
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Fintech companies continue to dominate Africa’s tech ecosystem, securing 35% of total funds raised in H1 2024. As the sector matures, startups across four key categories—credit cards, contactless payments, payment infrastructure, and escrow services—are emerging as leaders for 2025. In the credit card sector, Allawee and MONAPP address Nigeria’s low credit card adoption, targeting individual […]
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South Africa has assumed the G20 presidency, becoming the first African nation to chair the group, with President Cyril Ramaphosa outlining an agenda prioritizing climate change, debt relief, and economic transformation. Ramaphosa’s focus includes leveraging critical mineral resources from across Africa, such as cobalt from the Democratic Republic of the Congo, to drive the continent’s […]
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