In a landmark moment for Burundi’s energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial step in the nation’s ambitious drive towards energy self-sufficiency and sustainable economic development. Located in the picturesque Songa zone of Bururi Province, the Jiji plant is poised to inject 32.5 megawatts (MW) of clean power […]

In a comprehensive assessment of Nigeria’s economic trajectory, the African Development Bank (AfDB) has released its 2025 Nigeria Country Focus Report (CFR), offering a nuanced outlook on the nation’s Gross Domestic Product (GDP) growth. While acknowledging the bold and necessary economic reforms undertaken by the Nigerian government, the report projects a moderation in real GDP […]

The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African continent. Announced during the prestigious 2025 U.S.-Africa Business Summit in Luanda, Angola, the comprehensive report reveals that the Coca-Cola system, encompassing The Coca-Cola Company and its vast network of authorized bottlers, alongside myriad suppliers and […]

The Africa Export-Import Bank (Afreximbank), a leading multilateral financial institution dedicated to promoting and financing intra- and extra-African trade, has announced a monumental achievement: the mobilization of over $250 billion for Africa’s growth and development. This significant disclosure was made by the bank’s President, Professor Benedict Oramah, during the 32nd Afreximbank Annual Meetings (AAM), currently […]

Pretoria, South Africa – In a pivotal and highly anticipated event poised to significantly reshape the landscape for small and medium-sized enterprises (SMEs) across the Rainbow Nation, SME South Africa hosted its inaugural Funding Summit on June 12, 2025. Held at the sophisticated Empire Conference and Events Venue in Parktown, Johannesburg, this full-day summit served […]

A new chapter is unfolding in East Africa’s ambitious quest for modern infrastructure and enhanced regional trade. On parallel tracks, Uganda is signaling the imminent start of its Standard Gauge Railway (SGR) construction from Malaba to Kampala, backed by significant funding from the Islamic Development Bank (IsDB) and a consortium of lenders. Meanwhile, neighboring Kenya […]

The Economic Community of West African States (ECOWAS) is embarking on a decisive journey to redefine its economic future, with regional leaders reaffirming a steadfast commitment to reshaping economic diplomacy and forging a truly integrated and prosperous West Africa. At the heart of this renewed resolve is a clear recognition that the region’s long-standing narrative […]

In a powerful testament to its escalating commitment to Africa’s economic development, China has significantly intensified its engagement with the continent, injecting more than US$22.85 billion in fresh investments and funding within the first five months of 2025 alone. This unprecedented financial flow coincides with a record-high trade volume of US$134 billion between China and […]

In a move reflecting a cautious stance amidst a complex global economic landscape, the Bank of Namibia (BoN), the nation’s central bank, announced on Wednesday its decision to keep its main interest rate, the repo rate, unchanged at 6.75%. This marks the second consecutive Monetary Policy Committee (MPC) meeting where the rate has been held […]

The South African sugar industry, a vital component of the nation’s agricultural economy and a cornerstone of rural livelihoods, is facing an existential threat. SA Canegrowers, the representative body for the country’s sugarcane farmers, has issued a dire warning: a relentless influx of cheap, often subsidised, sugar imports is imperiling thousands of jobs and destabilising […]