african.business finance news headlines

Keep it in the ground? Africas race to develop its oil and gas resources

Let me stop you right there, interjected Guyanas president, Mohamed Irfaan Ali, during a combative BBC Hardtalk interview in late March. Ali was being challenged by anchor Stephen Sackur on the environmental impact of oil production in t
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26 Apr 2024

Kenya to maintain low digital service tax on tech giants despite OECD pressure

The Kenyan government has confirmed that it will be maintaining its 1.5% digital service tax on multinational tech giants, despite pressure from the Organisation for Economic Cooperation and Development (OECD) to join its global minimum tax initi
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26 Apr 2024

Placing Farmers at the Core of Development Efforts is important to Achieve Food Security

The urgency to reevaluate financing mechanisms is increasingly recognized, with a growing emphasis on mobilizing domestic resources and exploring innovative financing solutions to bolster agricultural development. In an event at the 10th
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25 Apr 2024

NBA launches startup accelerator in Africa

NBA Africa has launched a startup accelerator based on the continent focused on early-stage African startup companies. The Triple-Double: NBA Africa Startup Accelerator, run by technology incubator ALX Ventures, aims to support African t
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25 Apr 2024

Pace of progress on the Sustainable Development Goals is insufficient to achieve set targets by 2030 Joint Report

The report was produced by a team of experts convened by the United Nations Economic Commission for Africa (ECA), in collaboration with African Union Commission, the United Nations Development Programme Regional Bureau for Africa (UNDP-RBA), and
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25 Apr 2024

Africa should invest in Science, technology and innovation to build a prosperous, just and sustainable future

Science, innovation and technology, they said, are critical to the transformation of the continent in agriculture, industry and poverty eradication. Held ahead of the African Regional Forum on Sustainable Development, the STI Forum is a
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25 Apr 2024

Strong calls for innovative financing and reform of the international financial system to achieve the Sustainable Development Goals in Africa

In a strong call to stakeholders at the opening of the tenth Africa Regional Forum on Sustainable Development (ARFSD-10) in Addis Ababa, Ethiopia, Amina Mohammed, UN Deputy Secretary-General said urgent action is needed to increase capital flows
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25 Apr 2024

For Africas poorest countries, its time for transformation

Countries around the world are struggling to make ends meetnone more so than the poorest in the world, which have been caught in a cycle of debt, crisis, pandemic, and fragility that seems nearly impossible to escape. While on the surfac
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25 Apr 2024

Venice Art Biennale features more African countries than ever before

All eyes are on Venice as the city unveils its 60th contemporary visual art exhibition. The Art Biennale, the Biennale dArte di Venezia, runs from April to November. It is one of the most prestigious and longest-running of its kind in the world,
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24 Apr 2024