Economy

West African governments have received a vital piece of advice: to rejuvenate their economies, they should focus on internal resources rather than depend heavily on Bretton Woods institutions like the …

Africa is often praised for its agricultural potential, but a new report reveals that the continent is losing a staggering amount of money every year due to the hidden costs …

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.