african.business news headlines

The future belongs to Africa

Hello Everybody, When I learnt that the AllAfrica Media Leaders Summit had decided to honour me with a Lifetime Achievement Award, I was both flabbergasted and delighted. Flabbergasted because it is usually us publishers who han
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08 May 2024

Afif Ben Yedder to receive 2024 AMLS Lifetime Achievement Award

Afif Ben Yedder, the recipient of this years AMLS Lifetime Achievement Award, remains a pioneering giant in the world of Pan-African publishing. With his friend and colleague Bchir Ben Yahmed, he took the then extraordinary decision to establish
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08 May 2024

From debt burden to economic resilience

There is growing consensus, and not just in the Global South, that the current global financial system is no longer fit for purpose. Africa in particular faces weighty consequences because of the inadequacies of the global financial architecture,
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08 May 2024

Africas Top Companies 2024: West Africa holds steady

West and Central Africa contains more countries than any other African region, yet just three are represented in both our African Top 250 and the West African Top 20: Nigeria, Ghana and Cte dIvoire. Nigerian companies account for 7.78% of our Top
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08 May 2024

Nominations announced for the African Banker Awards 2024

African Banker magazine has announced today the shortlist of nominees for this years edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals and organisations driving
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07 May 2024

Africas Top Companies 2024: North Africa strides ahead

The value of the ten biggest North African firms has increased over the past year, most by a significant amount. The regions largest listed corporations are now outperforming the continental average against a background of the combined value of t
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07 May 2024

French banks African retreat could boost local competitors, says Fitch

The widespread withdrawal of French banks from the African market could lead to local competitors growing faster, Fitch Ratings has argued . Several large French banking groups have wound down their operations in Africa in recent months.
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06 May 2024

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
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06 May 2024

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
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03 May 2024