Business

“Africa’s Growth Holds Firm at 4.2% Despite Global Turbulence”

Andrew Mbeki May 27, 2026

AfDB Afrik24 – Despite a slight slowdown in economic growth this year due to the war in Iran, Africa’s economic outlook remains strong, the African Development Bank said in its annual report released on Tuesday. Africa’s economic growth will slow this year to 4.2 percent

Business

Africa’s New Space Push: Lowering the Cost of Satellite Data

Andrew Mbeki May 19, 2026

NAIROBI Kenya Afrik24 — As a growing number of African nations launch satellites to tackle critical challenges on the ground, the continent’s cosmic ambitions have hit a historic milestone. At the Africa Forward Summit in Nairobi, co-hosted by Kenyan President William Ruto and French President Emmanuel Macron, regional leaders and tech pioneers gathered to solve […]

Business

Ghana Successfully Completes $3 Billion IMF Bailout Program

Andrew Mbeki May 16, 2026

Ghana Afrik24 – Officials in Ghana said on Friday that the government has wrapped up its International Monetary Fund bailout programme, ending a $3 billion emergency support package. Accra said it had helped restore macroeconomic stability and debt sustainability ahead of schedule. Ghana’s presidency said inflation has reduced significantly, the currency has

Business News

ITF Launches Global Certification for Nigerian Artisans via SUPA

Ewaka Sam May 15, 2026

Jos Afrik24 – The Industrial Training Fund (ITF) has officially kicked off certification examinations for beneficiaries of the Skill Up Artisans (SUPA) programme within the Federal Capital Territory. The initiative represents a primary pillar of the Federal Government’s strategy to professionalize the local workforce by equipping Nigerian artisans with skills that

Business News

Rising Education and Housing Fees Push South African Inflation Higher

Andrew Mbeki April 23, 2026

South Africa Afrik24 — South Africa’s inflation rate edged slightly higher in March but remains relatively subdued overall. Annual consumer inflation rose to 3.1% up from 3.0% in February, according to Statistics South Africa. On a monthly basis, prices increased by 0.6%. The main drivers behind the rise were housing and utilities along with food, […]

Business

Sudan’s energy crisis deepens amid ongoing conflict

Saad Huzaifa January 19, 2026

Sudan After more than two years of conflict, Sudan is facing a deepening energy crisis as the country’s oil production and refining capacity collapse. Fighting has forced the shutdown of major oil fields and refineries, leaving production severely disrupted and crippling the nation’s energy supply. In December, operations at the Heglig oil field, Sudan’s largest, […]

Business

Cocoa Glut Leaves Ivory Coast in Uncertainty as Market Prices Collapse

Andrew Mbeki January 19, 2026

Ivory Coast Ivory Coast, the world’s top cocoa producer, is facing an unprecedented deadlock. Since October last year, with prices plummeting on the global market, exports have been slow and stocks are building up. The industry has been left in limbo, as Marty Somda, director of Cabend cooperative, explains. “Today, producers are dying. Producers are […]

Business

America completes first sale of Venezuelan oil

Harrison Mason January 15, 2026

USA The United States has completed its first sale of Venezuelan oil, generating around $500 million, a US official said Wednesday, the first major energy transaction since Washington’s dramatic intervention in Venezuela earlier this month. The sale is part of a broader $2 billion agreement between the US and Venezuelan authorities, and officials say more […]

Business

Samuel Shay: Only economic peace can stop Africa’s cycle of war

Oakley Mason December 16, 2025

……..The collapse of the Rwanda Congo agreement proves that diplomacy without development cannot survive. Israel Opinion Samuel Shay, Entrepreneur and Senior Economic Advisor to the Abraham Accords Treaty, warns that the renewed fighting between Rwanda and the Democratic Republic of Congo reveals a critical flaw in how peace is pursued across Africa. According

Business

Naira records second straight depreciation against US dollar

Jude Melvin Jones December 5, 2025

Nigeria The naira recorded depreciations against the United States dollar at the official foreign exchange market on Thursday. Data from the Central Bank of Nigeria showed that the naira further weakened to N1,447.83 against the dollar on Thursday, down from N1,447.65 traded on Wednesday. This represents a slight dip of N0.18 on a day-to-day basis. […]