Economy

The escalation of tensions between the United States and Iran has sent shockwaves across global markets, with oil prices surging by over 50 per cent as of late March, triggering …

Voters will head to the polls on April 12 in Benin to select a new president against a backdrop of a booming economy, but not everyone is benefitting from it–many …

Nigeria’s foremost industrialist and leading domestic investor, Aliko Dangote, has advanced plans to float what could emerge as Africa’s largest initial public offering (IPO), with Dangote Petroleum Refinery & Petrochemicals …

Africa’s banking industry generated about $107 billion in revenue in 2025, with Nigeria weakly positioned as the continent’s third-largest market. A report by McKinsey and Company shows that about 70 …

Capillary Technologies India announced the appointment of Sumit Kumar as President of the Middle East, Africa & India. With this appointment, Capillary strengthens its leadership team and reinforces its commitment …

The Republic of Mauritius is preparing to host the U.S.–Africa Business Summit this July, a major economic gathering that further underscores the rising international focus on Africa as one of …

CRDB Bank has added another major milestone to its growing list of continental achievements after being named the “Best Trade Partner Bank East Africa 2026” by the International Finance Corporation …

High-stakes trade negotiations convened by the World Trade Organization (WTO) in Yaoundé collapsed in the early hours of Monday, after deep-seated divisions among member states derailed attempts to reach consensus …

The African Development Bank Group has approved a $5.65 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to pilot a new financing mechanism intended to expand clean …

In a continent that pioneered mobile money and leads the world in its use, the inability to move funds seamlessly across African borders remains one of the most striking contradictions …