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Find out all about latest breaking news, daily news and hot news in Africa. View the latest developments in African business, all news about markets, African economy and more.
Africanews » Business
9h ago
The European Union has announced a $8 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores ..read more
Africanews » Business
9h ago
Chinese President Xi Jinping and Angolan President Joao Lourenco on Friday announced to upgrade the bilateral relations to a comprehensive strategic cooperative partnership ..read more
Africanews » Business
4d ago
This week: Focus on the lack of funding for women-led businesses in Africa, Congo becomes an exporter of liquefied natural gas with ENI, and Egypt benefits from a $35 billion investment from the United Arab Emirates to counter its economic crisis ..read more
Africanews » Business
4d ago
South African Airways was on the verge of being liquidated before it entered a form of bankruptcy protection in 2019 ..read more
Africanews » Business
4d ago
Nigeria's decision follows a recent extraordinary summit of ECOWAS heads of state in Abuja. While Benin promptly reopened its border after the summit, Niger has yet to formally respond to the announcement ..read more
Africanews » Business
5d ago
"Most of our tobacco is grown by small-scale farmers. They depend on the rains, and a drought is not good for their crop ..read more
Africanews » Business
6d ago
Adesina highlighted the uneven nature of the negotiations, with lenders typically holding the upper hand and dictating terms to cash-strapped African nations. This power imbalance, coupled with a lack of transparency and the potential for corruption, creates fertile ground for exploitation, he said ..read more
Africanews » Business
6d ago
The country has just emerged from an embargo lasting almost eight months, and the military junta that runs the country is struggling to ensure that markets are supplied with basic necessities ..read more
Africanews » Business
1w ago
Algeria is importing massive amounts of beef and lamb to confront an explosion in demand for meat expected throughout the Muslim holy month of Ramadan, hoping to stabilize prices as the country's economy continues to struggle ..read more
Africanews » Business
1w ago
This year's maize, a staple food crop which requires consistent rainfall, was unable to mature and has left a large portion of small-scale farmers with nothing to harvest ..read more