African Business News

Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.

Toyota Opens High-Tech Village In Japan

Toyota launches futuristic village in Japan for autonomous driving tests

By Ifunanya / September 25, 2025

Toyota has unveiled its innovative “Woven City” in Japan, a cutting-edge village designed to test and develop futuristic technologies such […]

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Russian Finance Ministry proposes VAT increase — RT Business News

Russia VAT rate may rise to 22% in 2026

By Ifunanya / September 25, 2025

Russia’s Finance Ministry has proposed increasing the value-added tax rate to 22% in 2026, aiming to boost revenue for defense […]

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Meta Scams Deadline Set By Singapore Government

By Ifunanya / September 25, 2025

Singapore has given Meta, the parent company of Facebook, a deadline of September 30 to implement measures to combat scammers […]

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Lagos Begins Illegal Buildings Demolition At Trade Fair Complex • Channels Television

Lagos demolition starts on illegal buildings

By Ifunanya / September 25, 2025

The Lagos State Government has commenced a demolition exercise at the Trade Fair Complex in Ojo, targeting unsafe and illegal […]

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Russia Extends Petrol Export Ban Until 2025 Amid Ukraine Strikes

By Ifunanya / September 25, 2025

Russia has announced plans to extend its ban on petrol exports until the end of 2025, citing the need to […]

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Nigeria strike sparks nationwide blackout fears

By Ifunanya / September 25, 2025

Nigerians are facing a potential nationwide blackout as the National Union of Electricity Employees (NUEE) has commenced a strike action. […]

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France debt crisis worsens to record 3.4 trillion euros

By Ifunanya / September 25, 2025

France’s public debt has reached a record high of 3.4 trillion euros, equivalent to 115.6 percent of the country’s gross […]

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India buys 97 Tejas fighter jets in $7 billion deal

By Ifunanya / September 25, 2025

India has signed a $7 billion contract for the procurement of 97 domestically designed and built Tejas fighter jets, as […]

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Nigeria withdraws TotalEnergies Chappal divestment deal consent

By Ifunanya / September 25, 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the federal government has withdrawn its ministerial consent for the […]

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17 African Countries Back Reforms To Expand Electricity Access — World Bank

Africa Electricity Access Expands with 17 Countries Backing Reforms

By Ifunanya / September 25, 2025

Seventeen African governments have endorsed reforms and action plans to expand electricity access under Mission 300, a World Bank-led initiative […]

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