The African Export-Import Bank (Afreximbank) has announced it facilitated a record USD 32 billion in international trade payments for Ethiopian businesses in 2024, through its AfPAY Trade Payment Services platform. …
Trade and Commerce
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Banking, Finance & InvestmentDevelopmentEconomyInfrastructureINVESTMENTTrade and Commerce
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BusinessEconomyINVESTMENTPoliciesSouth AfricaTrade and Commerce
South African Business Confidence Improves Slightly in May Amid Strong Rand and Commodity Rally
Business confidence in South Africa picked up modestly in May, rebounding from a sharp decline in April, according to data released by the South African Chamber of Commerce and Industry …
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Business and EconomyEconomyTrade and CommerceZIMBABWE
OK Zimbabwe Faces Deep Trouble as Food Lovers Market in Borrowdale, Set to Shut Down.
The planned closure of Food Lovers Market branches in Borrowdale and Avondale in Harare is raising fresh concerns over the future of OK Zimbabwe, the country’s largest retail group. The …
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DevelopmentEnergyINVESTMENTNigeriaTrade and Commerce
Nigeria-Vietnam Chamber Partners Vietnamese Firm to Promote Renewable Energy Solutions
The Nigeria-Vietnam Chamber of Commerce and Industry (NVCCI) has announced a strategic collaboration with a Vietnamese Joint Stock Company focused on delivering sustainable renewable energy technologies, in a move aimed …
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BusinessInfrastructureINVESTMENTNigeriaTrade and Commerce
Nigerdock Welcomes Transocean Coatings FZE to Snake Island Integrated Free Zone
Nigerdock, the developers of Snake Island Integrated Free Zone (SIIFZ) in Lagos, have officially announced the establishment of Transocean Coatings FZE, a new affiliate of Transocean Coatings Nigeria Limited. The …
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ASIABusinessEconomyGlobal NewsNigeriaTrade and CommerceWestern Africa
CMA CGM to Begin $1,200 Peak Season Surcharge on Nigerian and West African
Global shipping company, CMA CGM, has announced that from June 15, 2025, it will begin charging a $1,200 Peak Season Surcharge (PSS) per twenty-foot equivalent unit (TEU) on all cargoes …
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AfricaEconomyLabourMarketsTrade and Commerce
Global Growth Slows to Lowest in 17 Years, Africa Faces Risks Amid Trade Tensions and Uncertainty.
The World Bank has reduced growth forecasts for nearly 70 percent of the world’s economies due to rising trade tensions and policy uncertainty. In its latest Global Economic Prospects report, …
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AgricultureEconomyNatural ResourcesTrade and Commerce
Uganda’s Goods Exports Surge in April, Narrowing Trade Deficit Growth Despite High Imports.
Uganda’s economy received a strong push in April as goods exports recorded their fastest growth in over a year, giving hope to the country’s trade outlook. According to official data …
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BusinessCrimeFinance & ServicesRwandaTrade and Commerce
Court Hears Request for Bail in Fraud Case Against Billion Traders FX Founder and Wife
The Gasabo Intermediate Court in Rwanda resumed the high-profile fraud case involving Davis Manzi, founder of the online forex trading platform Billion Traders FX, and his wife, Sophie Akaliza, on …
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AFRICA NEWSAgribusinessEconomyTrade and Commerce
South African Macadamia Farmers Face U.S. Tariff Threat, Seek New Markets in India and Beyond.
South African macadamia nut farmers are bracing for a major economic shake-up as the United States considers implementing steep import tariffs that could significantly impact the country’s lucrative nut exports. …