African Business News

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

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ECOWAS Set To Unveil Single Currency ECO

By Ifunanya / July 6, 2024

Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States have advanced plans to launch […]

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Gabon Resolves Payment Dispute with World Bank

By Ifunanya / July 4, 2024

Libreville, Gabon – Gabon’s government has resolved its payment dispute with the World Bank, following issues that previously hindered the […]

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Chinese EV Manufacturers Flock to Morocco Amid U.S. Subsidies and Tariffs

By Ifunanya / July 4, 2024

Tangiers, Morocco – In response to the United States’ new subsidies aimed at boosting domestic electric vehicle (EV) production and […]

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Govt Must Act Fast To Stop Investors From Leaving In Droves — Dangote

By Ifunanya / July 3, 2024

Aliko Dangote, the President, Dangote Industries Ltd has identified solutions to sustaining existing local and foreign investments as well as […]

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OPEC Projects Global Oil Demand to Reach 116 Million Barrels Per Day by 2045

By Ifunanya / July 3, 2024

The Organisation of the Petroleum Exporting Countries (OPEC) forecasts that global oil demand will rise to an estimated 116 million […]

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Dollar Rises as Asia Equities Show Mixed Results Amid Speculation Over Trump’s Potential Presidency

By Ifunanya / July 2, 2024

July 2, 2024 — The U.S. dollar strengthened on Tuesday, reaching 38-year highs against the Japanese yen, as investors weighed […]

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Samsung Electronics Workers to Stage Three-Day Strike Over Failed Negotiations

By Ifunanya / July 2, 2024

Seoul, July 2, 2024 — Workers at South Korea’s Samsung Electronics will begin a three-day general strike starting July 8, […]

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Boeing to Acquire Spirit AeroSystems in $4.7 Billion Deal Amid Production Scrutiny

By Ifunanya / July 2, 2024

US aerospace giant Boeing announced on Monday that it has reached a “definitive deal” to acquire its longtime subcontractor Spirit […]

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Nigeria Pays $850m Debt to European Airlines, Says EU Ambassador

By Ifunanya / July 2, 2024

The Federal Government of Nigeria has settled a backlog of debts amounting to $850 million owed to European airlines. This […]

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Nigerian Government Exempts Farmers, Small Businesses, and Manufacturers from Withholding Tax

By Ifunanya / July 2, 2024

The Nigerian Federal Government has announced that farmers, small businesses, and manufacturers are now exempt from withholding tax, according to […]

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