african.business finance news headlines
Africas Top Companies 2024: listings show some growth against a still-difficult backdrop
The value of Africas biggest companies has fallen again this year. But one company - Naspers - is mainly responsible. The total market capitalisation of the 250 biggest listed companies in Africa stood at $505bn on 31 March 2024, down 9% from the
Race to succeed Adesina at AfDB hots up
Early next year the board of governors at the African Development Bank (AfDB) will elect the banks next president, as the incumbent Akinwumi Adesina comes to the end of his second term in office. While Adesinas would-be successors will not be abl
Sudans devastating year of war
It has been a year since the brutal Sudanese civil war erupted between the governmentbacked Sudanese Armed Forces and the Rapid Support Forces (RSF), an armed militia once allied to the regime. Over those twelve months, according to the
Location is key to splurge in investments
Under its Vision 2035 strategy, the government of Djibouti is seeking to use its excellent transport links to build a fast-growing African economic and trade hub. By taking advantage of the African Continental Free Trade Agreement (AfCFTA), it ca
IMF projects improved growth for Africa but debt and limited taxes still prompt concern
Following a series of setbacks in recent years, including the pandemic, record inflation, tighter monetary policy, and escalating debt burdens, Africas economy is now rebounding. The International Monetary Fund (IMF) projects that the continents
The state of Africa
It is essential that we scale up action on key transitions and investment pathways to accelerate progress. Both regionally and nationally, we are seeing opportunities for critical transitions that can turbocharge progress. I wil
Digital economy key to solving Africas problems
This was the consensus among panellists at a session on leveraging science and technology to advance Africas development goals and in particular, Agendas 2030 and 2063. Kamalidini Souef, Minister of Posts, Telecommunications and Digital
ARC offers a new way to manage climate disasters
African Risk Capacity is using innovation and data to support governments to tackle climate-related disasters as climate change begins to bite, says Ibrahima Cheikh Diong, Director General of ARC and UN Assistant Secretary General. It is
Youth must beat the centre of governance in Africa
Her insights shed light on pressing issues and underscored the need for inclusive policies. In her address, Banda she stressed that young people must be at the centre of discussions about global challenges as their perspectives, energy, and creat