IMF revises global growth forecast upward to 3.2%
The International Monetary Fund (IMF) has revised its global growth forecast for 2025, citing more benign tariff shocks and financial […]
African Business News
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
African Business News
Gold price surges near $4200 on US rate cut bets
Gold prices have surged to a record high, driven by expectations of further US interest rate cuts and renewed trade
African Business News
China Consumer Prices Fall Amid Trade War Concerns
China’s consumer prices continued to decline in September, with the country’s consumer price index dropping 0.3 percent year-on-year. This decline
Transcorp Hotels wins triple awards at Seven Star Luxury Awards
Transcorp Hotels Plc, a leading hospitality company in Africa, has won three prestigious awards at the Seven Star Luxury Awards.
African Business News
Nigeria Decarbonisation Partnership Secured with World Bank
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has partnered with the World Bank Group to enhance the country’s upstream decarbonization
African Business News
Nigeria Power Debt Relief Plan Unveiled
The Nigerian Federal Government has finalized a comprehensive plan to issue N4 trillion in government-backed bonds to settle outstanding debts
Ukrainian steel imports threaten Poland’s domestic sector
Poland is seeking protective measures from the European Union to mitigate the impact of duty-free Ukrainian steel imports on its
African Business News
Nigeria renewable energy investment to hit $410bn by 2060
Nigeria aims to unlock over $410 billion in renewable energy investments between 2025 and 2060, according to Vice President Kashim
Trump threatens China with cooking oil ban amid trade tensions
US President Donald Trump has criticized China’s decision to halt American soybean purchases, describing it as an “economically hostile act.”
African Business News
Nigeria economy growth forecast upgraded to 3.9 percent
The International Monetary Fund (IMF) has revised its economic growth projection for Nigeria, forecasting a 3.9 percent expansion in 2025
African Business News
Heineken cuts 400 jobs in digital overhaul
Heineken, the world’s second-largest brewer, has announced a significant reorganization of its Amsterdam head office, resulting in the reduction or
Savannah Energy Announces Board Changes
British independent energy company Savannah Energy PLC has announced significant board changes as part of its succession planning regime. The