Africa business news

At the instance of Dr Benedict Oramah, President of African Export Import Bank (Afrexim), I was invited to this 24th AGM of the bank and one thing that particularly struck …

Transforming Africa’s trade based on logistics Read More

The Chairman of Heirs Holdings, and the Tony Elumelu Foundation, Tony O. Elumelu, has canvassed the support of all Development Finance Institutions (DFIs) in the continent for African businesses. He …

Tony Elumelu seeks more DFIs support for African businesses Read More

All is now set for the takeoff of the newly established Development Bank of Nigeria (DBN). The bank which was inaugurated by the former president, Good luck Jonathan on Monday …

Ensuring the success of Development Bank of Nigeria (DBN) Read More

African Export-Import Bank (Afreximbank) has been lauded for supporting development initiatives and trade on the continent. Tony O. Elumelu, the chairman of Heirs Holdings and the Tony Elumelu Foundation, said …

Banks challenged to fund intra-Africa trade, devt initiatives Read More

NAIROBI, July 5 (Xinhua) — African leaders should focus on developing intra-regional and continental tourism, said a UN report released on Wednesday. According to the Economic Development in Africa Report …

UN urges Africa to strengthen intra-regional tourism Read More

The latest report released by International Air Transport Association (IATA) shows that the African carriers’ posted the largest year-on-year increase in demand of all regions in May 2017 with freight …

African air freight market registers 27.6 percent growth in May Read More

CMA CGM has upgraded the port rotation of its Swahili Express Service between India and Africa as the French liner spots further growth potential on a lane dominated by reefer …

CMA CGM expands India-Africa service rotation Read More

China will not be a proselytizer and instead supports Africa’s pursuit of development paths suiting its own situations, Chinese Ambassador to Ghana Sun Baohong said Tuesday. Sun made the remarks …

China says to support Africa in finding suitable development path Read More

The African Export-Import Bank (Afreximbank) has signed agreements to provide financing facilities totalling $1.11 billion to support African entities engaged in intra-African trade, including $1 billion to the African conglomerate …

Dangote, others gets N1.1b Afreximbank support Read More

There is a long held debate about the volume of intra-African trade. Some say it is 10 per cent, others say it is underestimated because it could be more than …

Intra-African trade could double to $400b – Oramah Read More