African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
Skyway Aviation Handling Company Plc (SAHCO) has reported strong financial growth for the second quarter of 2025, with its profit after tax rising by 131 per cent. The company posted …
There is growing tension in Nigeria’s aviation industry as four major aviation unions have issued a fresh warning to the Federal Government, announcing plans to begin a full withdrawal of …
Kenyan businesses could soon be allowed to use their pending Value Added Tax (VAT) refunds to pay off other tax obligations if a proposal presented to President William Ruto is …
The Onitsha River Port in Anambra State came alive earlier this month as it received its first barge for the 2025 operating season. The barge, named MV ZUPITOR/MV RB ALASKA, …
Nigerian businesswoman and entrepreneur, Mrs Aisha Maina, has secured a $40 million investment backed by the African Export-Import Bank (Afreximbank) to develop a deep-water port in Basseterre, St Kitts & …
Presco Plc, one of Nigeria’s major palm oil producers, has reported a strong financial performance for the first half of 2025, posting a profit after tax of ₦88.72 billion. This …
AXA Mansard Insurance Plc, a member of the global AXA Group, has reported a 24 per cent increase in its insurance revenue for the half-year ended June 30, 2025. The …
Champion Breweries Plc has returned to profitability in the first half of 2025, posting a profit after tax of ₦2.29 billion. This marks a major turnaround from the ₦386.66 million …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 220 oil blocks across Nigeria are not abandoned but are waiting for new concessionaires to take over through proper licensing …
Construction giant Julius Berger Nigeria Plc has reported a revenue of N343.4 billion for the first half of 2025, showing a 41 per cent rise compared to the N243.8 billion …
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