http://www.africanews.com/feed/rss?themes=businessReceive free and in real-time all news published by africanews.com, by subscribing to our RSS feeds.Thu, 24 Apr 2025 14:58:58 +0000http://www.africanews.com/2025/04/24/equatorial-guinea-secures-investment-grade-rating-but-for-how-long-business-africa/Africa’s Economic Shifts: Credit Ratings, Cassava Pizzas, and Cashew Value Chains From credit upgrades to culinary innovation and strategic agricultural reforms, African countries are navigating complex economic terrains with bold and unconventional steps.Thu, 24 Apr 2025 14:58:58 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/24/equatorial-guinea-secures-investment-grade-rating-but-for-how-long-business-africa/http://www.africanews.com/2025/04/24/trump-says-us-and-china-will-get-along-great/President Donald Trump continued to predict Wednesday the U.S. and China will reach a "fair" trade deal in the coming weeks, telling reporters in the Oval Office, "we're going to get along great with China."Thu, 24 Apr 2025 10:55:52 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/24/trump-says-us-and-china-will-get-along-great/http://www.africanews.com/2025/04/18/brazil-eyes-global-food-leadership-amid-us-china-trade-tensions/As trade tensions rise between the United States and China, Brazil is stepping forward as a new global leader in food securityFri, 18 Apr 2025 13:13:02 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/18/brazil-eyes-global-food-leadership-amid-us-china-trade-tensions/http://www.africanews.com/2025/04/17/oligui-nguema-a-breakthrough-or-continuity-for-gabon-business-africa/This week on Business Africa: Gabon: President Brice Oligui Nguema on track for 7 years in power; in Uganda, farmers are suffocating under the pressure of imports; and on global markets, the drop in oil prices shakes African oil-producing states.Wed, 23 Apr 2025 08:33:22 +0000editorial@africanews.com (Ndea Yoka)http://www.africanews.com/2025/04/17/oligui-nguema-a-breakthrough-or-continuity-for-gabon-business-africa/http://www.africanews.com/2025/04/17/egypts-revenue-from-the-suez-canal-plunged-sharply-in-2024/The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $3.991 billion in 2024, down from a historic high of $10.25 billion in 2023,Thu, 17 Apr 2025 12:49:31 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/17/egypts-revenue-from-the-suez-canal-plunged-sharply-in-2024/http://www.africanews.com/2025/04/17/in-ivory-coast-the-worlds-largest-cocoa-producer-farmers-worry-over-new-us-tariffs/Cocoa exports make up betwenn 15 and 20% of Ivory Coast's GDP. The effects of the new tariffs, imposed by US president Donald Trump, have many cocoa farmers worried that they might not be able to sell sufficient produce.Thu, 17 Apr 2025 09:13:36 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/17/in-ivory-coast-the-worlds-largest-cocoa-producer-farmers-worry-over-new-us-tariffs/http://www.africanews.com/2025/04/16/world-trade-organization-says-global-trade-could-slide-this-year-due-to-tariffs/The World Trade Organization says the volume of trade in goods worldwide is likely to decrease by 0.2% this year due to U.S. President Donald Trump’s shifting tariff policies and a standoff with China, but it would take a more severe hit if Trump carries through on his toughest “reciprocal” tariffs.Wed, 16 Apr 2025 20:30:23 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/16/world-trade-organization-says-global-trade-could-slide-this-year-due-to-tariffs/http://www.africanews.com/2025/04/15/uk-luxury-easter-egg-chocolatiers-face-squeeze-from-soaring-cocoa-prices/As Easter draws near, a UK chocolatier is meticulously crafting luxury Easter Eggs by hand. However, soaring cocoa prices are turning this delightful treat into a more costly indulgence.Tue, 15 Apr 2025 11:31:43 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/04/15/uk-luxury-easter-egg-chocolatiers-face-squeeze-from-soaring-cocoa-prices/http://www.africanews.com/2025/04/15/at-chinas-largest-trade-fair-businesses-brace-for-impact-of-trade-war-with-us/Canton Trade Fair, China's largest and oldest, opened on Tuesday in the midst of an ongoing trade war between Beijing and Washington. Businesses at the fair were preparing for the impact of the recent tariffs imposed on Chinese goods by US president Donald Trump.Tue, 15 Apr 2025 10:06:00 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/15/at-chinas-largest-trade-fair-businesses-brace-for-impact-of-trade-war-with-us/http://www.africanews.com/2025/04/14/chinas-exports-jump-124-and-imports-fell-as-trump-pushed-us-tariffs-higher/In January, imports and exports dropped by 2.2 percent. The decline eased in February, with trade remaining largely flat.Mon, 14 Apr 2025 12:03:53 +0000editorial@africanews.comhttp://www.africanews.com/2025/04/14/chinas-exports-jump-124-and-imports-fell-as-trump-pushed-us-tariffs-higher/http://www.africanews.com/2025/04/11/air-algeria-starts-flights-to-nigeria/Abuja becomes the 25th African destination served by Algeria's flag carrierFri, 11 Apr 2025 16:24:13 +0000editorial@africanews.comhttp://www.africanews.com/2025/04/11/air-algeria-starts-flights-to-nigeria/http://www.africanews.com/2025/04/11/relative-relief-in-africa-after-tariff-pause/"This will give us an opportunity to negotiate tariff reductions so that the playing field is level for everyone," said Lesotho's Minister of Trade and Industry, Mokhethi Shelile, in response to the suspension. "This is a serious problem for us, but we are tackling it head on."Fri, 11 Apr 2025 14:02:01 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/11/relative-relief-in-africa-after-tariff-pause/http://www.africanews.com/2025/04/10/nigeria-tinubus-effort-to-resturcture-the-ailing-oil-sector/In Nigeria, President Bola Tinubu is working to revamp the struggling oil sector as national production hits a record low and crude prices plummet following the announcement of new tariffs by Donald Trump.Thu, 10 Apr 2025 15:34:47 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/04/10/nigeria-tinubus-effort-to-resturcture-the-ailing-oil-sector/http://www.africanews.com/2025/04/10/africas-trade-winds-shift-amid-tariffs-reforms-and-regional-tensions-business-africa/Trump’s Tariffs Shake African Economies as Nations Seek Alternatives while Namibia’s First Female President Sets Bold Economic Agenda: Trade reforms, regional partnerships, and logistics upgrades.Thu, 10 Apr 2025 14:55:34 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/10/africas-trade-winds-shift-amid-tariffs-reforms-and-regional-tensions-business-africa/http://www.africanews.com/2025/04/09/china-vows-to-fight-to-the-end-as-trade-war-with-us-escalates/Following a new round of tariffs imposed by the U.S., China has announced a dramatic increase in its own tariffs on American goodsWed, 09 Apr 2025 14:35:17 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/09/china-vows-to-fight-to-the-end-as-trade-war-with-us-escalates/http://www.africanews.com/2025/04/09/instability-hits-global-markets-as-trump-tariffs-kick-in/Trump's latest tariffs include a massive 104% levy on U.S. imports of Chinese products. Trump’s tariffs hit dozens of economies, representing the biggest disruption to global trade since the 1930sWed, 09 Apr 2025 10:50:02 +0000editorial@africanews.comhttp://www.africanews.com/2025/04/09/instability-hits-global-markets-as-trump-tariffs-kick-in/http://www.africanews.com/2025/04/07/libya-devalues-currency-for-first-time-in-four-years-amid-fiscal-strain/The exchange rate for the dinar has now been set at 5.5677 to the US dollar, effective immediately.Mon, 07 Apr 2025 13:57:23 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/07/libya-devalues-currency-for-first-time-in-four-years-amid-fiscal-strain/http://www.africanews.com/2025/04/05/lesotho-textile-industry-hangs-in-the-balance-following-new-us-tariffs/Textile manufacturing is one of Lesotho's key industries, employing around 12,000 people and exporting some 75% of its output to the United States.Sat, 05 Apr 2025 11:23:38 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/04/05/lesotho-textile-industry-hangs-in-the-balance-following-new-us-tariffs/http://www.africanews.com/2025/04/04/wto-and-imf-warn-of-global-trade-disruptions-a-new-us-tariffs/U.S. President Donald Trump's newly announced tariffs, set to take effect Saturday, impose a 10 percent baseline on all imports, with additional levies targeting nations with the largest trade deficits.Fri, 04 Apr 2025 13:36:16 +0000editorial@africanews.comhttp://www.africanews.com/2025/04/04/wto-and-imf-warn-of-global-trade-disruptions-a-new-us-tariffs/http://www.africanews.com/2025/04/03/us-and-global-stock-markets-plunge-after-new-trump-tariffs/The markets reacted violently to Donald Trump’s announcement of a new 10 per cent tariff on all imports to the United States.Thu, 03 Apr 2025 16:30:06 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/03/us-and-global-stock-markets-plunge-after-new-trump-tariffs/http://www.africanews.com/2025/04/03/a-booming-market-but-lacking-data-africas-challenge-business-africa/This week: Business Africa focuses on the impact of the lack of data on investments in Africa, Congo-Brazzaville's strategy to strengthen its food sovereignty through Protected Agricultural Zones, and the economic crisis in the DRC, worsened by violence.Thu, 03 Apr 2025 15:07:36 +0000editorial@africanews.com (Ndea Yoka)http://www.africanews.com/2025/04/03/a-booming-market-but-lacking-data-africas-challenge-business-africa/http://www.africanews.com/2025/04/03/world-leaders-react-to-trumps-new-tariffs/European Commission President Ursula von der Leyen said the EU was "finalizing the first package of countermeasures."Thu, 03 Apr 2025 11:26:23 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/04/03/world-leaders-react-to-trumps-new-tariffs/http://www.africanews.com/2025/03/27/the-okwelians-unlocking-new-economic-paths-for-cameroon-business-africa/This week, Business Africa highlights Cameroon with a special edition. On the agenda: The Okwelians and its key role in economic transformation, the challenges of cocoa valorization, and the rise of digitalized livestock farming, hindered by a lack of funding.Thu, 27 Mar 2025 15:32:14 +0000editorial@africanews.com (Ndea Yoka)http://www.africanews.com/2025/03/27/the-okwelians-unlocking-new-economic-paths-for-cameroon-business-africa/http://www.africanews.com/2025/03/21/oil-and-gold-markets-surge-amid-geopolitical-and-economic-shifts/A significant factor contributing to this uptick is the United States' recent imposition of sanctions targeting Chinese entities involved in the procurement of Iranian oil.Fri, 21 Mar 2025 12:57:46 +0000editorial@africanews.comhttp://www.africanews.com/2025/03/21/oil-and-gold-markets-surge-amid-geopolitical-and-economic-shifts/http://www.africanews.com/2025/03/20/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusines/A new initiative under PAPSS aims to boost trade, improve liquidity, and drive a unified capital market across the continent while a Zimbabwean innovator has developed technology that uses radio waves from the sun to power vehicles.Thu, 20 Mar 2025 16:30:44 +0000editorial@africanews.com (Afolake Oyinloye)http://www.africanews.com/2025/03/20/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusines/http://www.africanews.com/2025/03/18/advancing-trade-chinas-commitment-to-least-developed-countries/China's initiative to offer zero-tariff treatment to least developed countries (LDCs) with which it has diplomatic relations has greatly advanced trade liberalization, ushering in a new phase of shared prosperity and collaborative growth.Tue, 18 Mar 2025 17:01:54 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/03/18/advancing-trade-chinas-commitment-to-least-developed-countries/http://www.africanews.com/2025/03/13/us-gold-card-what-it-means-for-african-investors-business-africa/US fast-track citizenship initiative offers wealthy investors tax perks, raising questions about its impact on global migration and investment while SMEs in Kenya account for 75% of the workforce, with digital solutions driving efficiency and fostering collaborations with larger businesses.Tue, 18 Mar 2025 16:45:20 +0000editorial@africanews.com (Afolake Oyinloye)http://www.africanews.com/2025/03/13/us-gold-card-what-it-means-for-african-investors-business-africa/http://www.africanews.com/2025/03/12/imf-approves-12-billion-more-for-egypts-economic-recovery/The funds are a fraction of the $8 billion bailout package agreed last ApirilWed, 12 Mar 2025 10:57:31 +0000editorial@africanews.comhttp://www.africanews.com/2025/03/12/imf-approves-12-billion-more-for-egypts-economic-recovery/http://www.africanews.com/2025/03/11/us-stocks-slump-as-recession-risks-weigh-on-investors/Investor unease was fueled by the recent comments from U.S. President Donald Trump, who acknowledged the possibility of a rough economic patch ahead.Tue, 11 Mar 2025 18:52:42 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/03/11/us-stocks-slump-as-recession-risks-weigh-on-investors/http://www.africanews.com/2025/03/11/cobalt-prices-edge-up-after-dr-congo-pauses-exports/Last month, Kinshasa, the world's biggest producer announced a surprise ban on exports of cobalt in a bid to drive prices up. Authorities said the four-month moratorium aimed to stabilize the market burdened by oversupplyTue, 11 Mar 2025 17:38:59 +0000editorial@africanews.comhttp://www.africanews.com/2025/03/11/cobalt-prices-edge-up-after-dr-congo-pauses-exports/http://www.africanews.com/2025/03/06/africa-diaspora-a-power-partnership-for-economic-growth-business-africa/This week on Business Africa: at the Business Africa 2025 Forum in Paris, financial intelligence, the return of diaspora talent, and the challenges of female entrepreneurship, particularly for Afro-descendants, take center stage in the discussions.Thu, 06 Mar 2025 12:29:11 +0000editorial@africanews.com (Ndea Yoka)http://www.africanews.com/2025/03/06/africa-diaspora-a-power-partnership-for-economic-growth-business-africa/http://www.africanews.com/2025/03/03/libya-to-hold-first-oil-exploration-bidding-round-in-17-years/As Africa’s second-largest oil producer, the country is a significant player in the global oil market.Mon, 03 Mar 2025 17:50:46 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/03/03/libya-to-hold-first-oil-exploration-bidding-round-in-17-years/http://www.africanews.com/2025/02/27/can-aid-be-reimagined-to-deliver-meaningful-value-business-africa/Massive aid cuts announced by Washington have prompted panic in African capitals, but also questions on whether foreign aid has transformed low-income countries in any meaningful ways economically.Thu, 27 Feb 2025 15:37:54 +0000editorial@africanews.com (Ronald Lwere Kato)http://www.africanews.com/2025/02/27/can-aid-be-reimagined-to-deliver-meaningful-value-business-africa/http://www.africanews.com/2025/02/26/botswana-secures-enhanced-10-year-diamond-deal-with-de-beers/The government of Botswana finalized a significant diamond sales agreement with De Beers on Tuesday, marking the end of seven years of negotiations that are vital for the nation's economy.Wed, 26 Feb 2025 10:48:50 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/02/26/botswana-secures-enhanced-10-year-diamond-deal-with-de-beers/http://www.africanews.com/2025/02/26/nigerias-gdp-growth-accelerates-to-384-in-fourth-quarter-of-2024/In the fourth quarter of 2024, Nigeria's economy experienced a notable acceleration, marking its most robust growth in three years, primarily fueled by the services sector, according to data released on Tuesday.Wed, 26 Feb 2025 09:32:50 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/02/26/nigerias-gdp-growth-accelerates-to-384-in-fourth-quarter-of-2024/http://www.africanews.com/2025/02/20/senegals-debt-and-deficit-a-harsh-economic-reality-business-africa/This week on Business Africa: budgetary crisis in Senegal, industrialization under Traoré in Burkina Faso, and untapped mining potential in Nigeria. Three major challenges for the West African economy.Thu, 20 Feb 2025 16:28:11 +0000editorial@africanews.com (Ndea Yoka)http://www.africanews.com/2025/02/20/senegals-debt-and-deficit-a-harsh-economic-reality-business-africa/http://www.africanews.com/2025/02/19/us-top-diplomat-to-boycott-g20-foreign-ministers-meeting-in-south-africa/Amid tension between Washington and Pretoria, Marco Rubio has criticised the country's policies as 'anti-American'.Wed, 19 Feb 2025 16:54:36 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/02/19/us-top-diplomat-to-boycott-g20-foreign-ministers-meeting-in-south-africa/http://www.africanews.com/2025/02/19/african-leaders-create-fund-to-provide-cheaper-debt/The facility, known as The African Financial Stability Mechanism (AFSM) will be managed by the African Development Bank (AfDB), Reuters reported TuesdayWed, 19 Feb 2025 10:02:38 +0000editorial@africanews.comhttp://www.africanews.com/2025/02/19/african-leaders-create-fund-to-provide-cheaper-debt/http://www.africanews.com/2025/02/13/how-ai-is-breaking-language-barriers-in-africa-business-africa/As artificial intelligence advances across Africa, a new innovation is bridging the language gap for millions of non-English speakers, while a potential TikTok ban in the U.S. threatens the global reach of African digital entrepreneurs.Thu, 10 Apr 2025 13:54:12 +0000editorial@africanews.com (Afolake Oyinloye)http://www.africanews.com/2025/02/13/how-ai-is-breaking-language-barriers-in-africa-business-africa/http://www.africanews.com/2025/02/12/ghana-missing-156-million-in-state-budget-after-usaid-freeze/Ghana's Finance Ministry is looking to bridge a gap of $156 million in the state budget following US President Trump's decision to freeze funding from his government's biggest development and aid agency, USAID.Wed, 12 Feb 2025 09:24:00 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/02/12/ghana-missing-156-million-in-state-budget-after-usaid-freeze/http://www.africanews.com/2025/02/11/corruption-survey-worst-scores-in-decade-south-sudan-at-bottom/Transparency International, which compiles the annual Corruption Perceptions Index, found that 47 countries out of the 180 it surveyed had their lowest score last year since it started using its current methodology for its global ranking in 2012.Tue, 11 Feb 2025 13:11:04 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/02/11/corruption-survey-worst-scores-in-decade-south-sudan-at-bottom/http://www.africanews.com/2025/02/10/dangote-oil-refinery-to-reach-full-capacity-in-30-days/Nigeria’s Dangote Oil Refinery, the largest in Africa, is set to begin full operations in the next 30 daysMon, 10 Feb 2025 12:32:44 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/02/10/dangote-oil-refinery-to-reach-full-capacity-in-30-days/http://www.africanews.com/2025/02/06/january-sees-egypts-inflation-fall-to-230-due-to-base-effect/Inflation in Egypt is forecast to have slid to 23.0% in January, helped by a supportive base effect, according to a poll released on Thursday.Thu, 06 Feb 2025 17:18:53 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/02/06/january-sees-egypts-inflation-fall-to-230-due-to-base-effect/http://www.africanews.com/2025/02/06/five-years-later-is-the-afcfta-already-failing-business-africa/This week, the AfCFTA five years on, the impact of the Yagoua-Bongor bridge on trade, and the uncertain future of Kenya’s second-hand clothing market.Thu, 06 Feb 2025 15:57:45 +0000editorial@africanews.com (Ndea Yoka)http://www.africanews.com/2025/02/06/five-years-later-is-the-afcfta-already-failing-business-africa/http://www.africanews.com/2025/02/06/irans-currency-plummets-to-record-low-as-trump-restores-sanctions/Iran’s currency, the rial, plunged Wednesday to a record low of 850,000 rials to $1 after U.S. President Donald Trump ordered a restart to the “maximum pressure” campaign targeting Tehran.Thu, 06 Feb 2025 13:30:44 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/02/06/irans-currency-plummets-to-record-low-as-trump-restores-sanctions/http://www.africanews.com/2025/02/06/un-security-council-meeting-highlights-south-sudans-economic-hurdles/The conflict in Sudan is exacerbating instability in South Sudan, where economic difficulties and political instability are on the rise.Thu, 06 Feb 2025 11:32:13 +0000editorial@africanews.com (Dominic Wabwireh)http://www.africanews.com/2025/02/06/un-security-council-meeting-highlights-south-sudans-economic-hurdles/http://www.africanews.com/2025/02/04/china-imposes-new-tariffs-on-us-goods-in-retaliation/On Tuesday China announced it would impose new tariffs on U.S. imports in retaliation for Washington’s recent tariff hikeTue, 04 Feb 2025 11:34:16 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/02/04/china-imposes-new-tariffs-on-us-goods-in-retaliation/http://www.africanews.com/2025/01/31/nigeria-union-rejects-telecom-tariff-hike/Consumer advocacy groups have also vowed to contest the hike, as the economic crisis deepens. The February 4 protest is set to test the government’s ability to manage public discontent over economic policies.Fri, 31 Jan 2025 10:31:34 +0000editorial@africanews.comhttp://www.africanews.com/2025/01/31/nigeria-union-rejects-telecom-tariff-hike/http://www.africanews.com/2025/01/30/mission-300-summit-lighting-up-africa-business-africa/At a summit in Tanzania, Global and African leaders commit to funding and reforms aimed at bringing electricity to 300 million Africans by 2030 while Rwanda discovers 13 oil wells in Lake Kivu. The discovery sparks debates over its potential economic benefits versus environmental risksFri, 31 Jan 2025 09:25:40 +0000editorial@africanews.com (Afolake Oyinloye)http://www.africanews.com/2025/01/30/mission-300-summit-lighting-up-africa-business-africa/http://www.africanews.com/2025/01/30/ghana-formalises-debt-restructuring-with-official-creditors/The reworking of its debt has been a long-standing issue for the gold and cocoa-producing country, since it defaulted on most of its external borrowing in 2022.Thu, 30 Jan 2025 13:25:23 +0000editorial@africanews.com (Rédaction Africanews)http://www.africanews.com/2025/01/30/ghana-formalises-debt-restructuring-with-official-creditors/