african.business news headlines

Can factoring help African SMEs with their bills?

In April this year, the African Export-Import Bank and FCI, the global representative body for factoring, hosted a two-day conference in Harare. The event focused on how factoring, a form of finance in which businesses sell their invoices to a th
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19 Jun 2024

Africa Investment Forum launches investment roundtable series to tackle project bankability challenges

The Africa Investment Forum (AIF) has launched a series of investment roundtables aimed at tackling the continents project bankability challenges. The roundtables, dubbed the Bankability Series, will bring together key players in project developm
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18 Jun 2024

Ghana President Akufo-Addo: Africa is the greatest victim of bullying Russias Ukraine war

Ghana President Nana Akufo-Addo said that the consequences of Russias invasion of Ukraine go far beyond the confines of Europe and condemned Moscows bullying and acts of aggression in unusually frank criticism for an African leader. The
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18 Jun 2024

Flexibility choices could be a fatal blind spot in Africas renewable energy transition

This consensus spans academia, businesses, and policymakers who all recognise the potential of renewable energy to meet Africas growing needs sustainably. They also readily acknowledge the intermittent nature of renewables, and the assoc
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18 Jun 2024

BRICS expansion offers opportunity to boost African trade, say experts

The expansion of the BRICS bloc offers African countries an opportunity to trade value-added and intermediate goods with the world and move away from the trade in raw commodities, according to experts at a BRICS roundtable. In January, E
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18 Jun 2024

How think tanks can help to change the African narrative

The African Capacity Building Foundation (ACBF) was established by African governments and their international partners in 1991 to work with the public and private sectors, academia and other relevant bodies to raise the level of the continents h
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18 Jun 2024

BADEA announces an innovative and sustainable financing model in capital increase to ShafDB

Mr. Diab Karrar, chief operations officer at BADEA, made the announcement to the African ministers of finance, housing, urban planning and development at the 43rd Annual General meeting of ShafDB4 in Kigali, Rwanda. The initiative will s
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17 Jun 2024

Ecobank deal extends AMEX to 12 new African countries

American Express and Ecobank have entered an agreement to significantly expand American Express Card acceptance in twenty-one countries across Africa. Through this partnership, which was unveiled on the sidelines of the African Developme
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17 Jun 2024

Navigating geopolitical tides: Africas path to trade resilience and growth

While 2022 was characterised by a myriad of shocks that led to output growth decelerating by 3.2% and a decline in global merchandise trade by 1.2% in volume and 5.2% in value, 2023 turned out to be even more challenging. The difficulties in 2022
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17 Jun 2024