african.business news headlines

From the boom-and-bust of the Gold Rush to the diversity and dynamism of the post-apartheid economy, the Johannesburg Stock Exchange (JSE) has always occupied a central place in South African corporate life and stood as a crucial bellwether of the countrys economic performance. When the economy

The global credit ratings agency Fitch Ratings has reported that banks in the Gulf Cooperation Council (GCC) are looking to expand into other international markets, including Egypt, as they look to diversify their business models and boost profits. Fitch believes that several banks in t

UDBs net loans expanded to UGX1.47 billion in 2023, reflecting robust support to the private sector. The Bank strengthened its commitment to providing affordable and patient capital, achieving significant milestones amidst economic challenges. The results, released during the Annual Gen

Over the past few years, aware of the constant headwinds affecting trade and development on the continent, it has worked diligently to solidify its asset base. It has achieved the remarkable feat of more than doubling its asset base, from $14.43 billion in 2019 to an impressive $32.82 b

However, Africas auto industry, valued at $30.44 billion in 2021, is expected to increase by nearly 40% to $42 billion by 2027. With demand rising across the board, and an expected switch to the exclusive use of electric vehicles by 2035 complicating the position, it is clear that Afric

President William Rutos recent efforts to raise around $2.6bn through tax increases failed after scores of protestors were killed in demonstrations across the country, compelling him to backtrack on the plan. The decision to abandon the contentious tax hikes, while politically expedient, has wei

The MoU was signed during the African Union Peace Fund High Level Resource Mobilisation event held on July 20, 2024, at the Kempinski Hotel Gold Coast City in Accra, Ghana. The agreement will see Standard Bank Group make a total contribution of USD 1 million over the next 5 years.

Denys Denya Senior Executive Vice-President Global Africa, to me, is about harnessing the collective strength of Africa, its people, and the diaspora to fuel sustainable economic growth. It is about recognising that all Africans wherever they may live are connected a

My message is simple, Dean Macpherson, South Africas newly appointed minister of public works and infrastructure, tweeted shortly after his appointment to the cabinet. I want to turn our country into a massive construction site that drives growth which creates jobs. We want to see build