Economy

EgyptAir, the state-owned airline of Egypt, is set to receive 18 Boeing 737 Max 8 aircraft as part of a leasing agreement with Air Lease Corp, according to sources familiar …

African leaders have recently renewed their commitment to attracting capital to the continent. They gathered at the Africa Investment Forum (AIF) Market Days in Marrakesh, Morocco, with a clear goal. …

Nigeria’s entertainment and media (E&M) sector is on track to achieve remarkable growth in the next six years, according to a PricewaterhouseCoopers (PwC) report. The report, titled African Entertainment and …

Nigeria, Africa’s most populous nation and largest economy is undergoing a series of economic reforms that could positively impact MTN Group Ltd., the continent’s biggest wireless company. MTN Group CEO …

Ford, the U.S. auto giant, announced on Wednesday that it will invest 5.2 billion rand ($281 million) to produce a hybrid vehicle in South Africa, as it urged the government …

Nigeria, once a leading destination for venture capital in Africa, is now trailing behind its peers as funding activity for tech startups continues to decline. According to a report by …

South Africa’s largest mobile operator, MTN Group Ltd., has boosted its network availability to 95% in its home market despite facing challenges such as power outages, vandalism and a sluggish …

Over 400 Nigerian officials receive Chinese-sponsored agricultural training, aiming to significantly boost local rice production and food security.

At the 43rd Annual PMAWCA Conference in Lagos, President Bola Ahmed Tinubu championed African collaboration in harnessing the blue economy. He foresees this as a key to the continent’s wealth. …

Nigeria, Africa’s largest economy and biggest oil producer, is facing a looming climate crisis that could cost it $100 billion a year and derail its development, according to a new …