ANGOLA will gradually eliminate import duties for products originating from member states of the African Continental Free Trade Area (AfCFTA), according to a communique released on Tuesday. The measure is based on the Memorandum on the Proposed Tariff Offer of…
UGANDA wants to curb its borrowing and boost exports in sectors such as meat and dairy as the East African country lifts restrictions triggered by the coronavirus pandemic, President Yoweri Museveni and government officials told Reuters. Uganda’s trade push follows several…
FORBES, a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle has listed the richest African people in 2022. Aliko Dangote, Nigeria’s business mogul tops the list. He has held the position for the eleventh time. Forbes…
GHANA’S economic rebound is on course despite global challenges brought by the Covid-19 pandemic, as stimulus packages for various sectors were beginning to yield positive results, Minister of State of the Ghanaian Finance Ministry Charles Adu-Boahen said Monday. ‘Our Gross…
UK Export Finance released new data on Tuesday showing it provided more than £500 million worth of support for projects in West Africa throughout 2021, the most in over two decades. At last week’s Africa Investment Conference (20 January), the Prime Minister said the…
SUDAN will expand its use of gold exports to cover imports of essential goods as it embarks on a new 2022 budget without foreign aid during an economic downturn after a coup. Billions of dollars of much-needed foreign assistance were cut after…
KENYA is accelerating reforms in the energy sector to lower the cost of power and invest more in renewable energy in a bid to spur economic development, a government official said on Friday. Monica Juma, the cabinet secretary of the…
ZAMBIA’S Finance Minister Situmbeko Musokotwane said on Friday he expected the country to reach full agreement with the IMF in the middle of this year, after reaching a staff-level agreement for a $1.4bn support plan in December. Zambia, one of…
THE World Economic Forum’s latest report, Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa, analyses the challenges Africa faces in joining the global knowledge-based digital economy and presents a set of tangible strategies for the region’s governments…
ONLINE retail giant Amazon could pull out of a deal to create its Africa headquarters in Cape Town, if a legal challenge by indigenous activists is allowed to proceed, a Cape Town court heard Thursday. Construction is already underway for…
