Africa business news

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

Egypt attracted $9.8 billion of foreign investment in domestic debt instruments in the 2016-2017 fiscal year compared to $1.1 billion the previous year, Deputy Finance Minister, Ahmed Kojak said on …

HOW EGYPT’S FOREIGN INVESTMENT ROSE TO $9.8 BILLION Read More

African region By The Standard | Updated Mon, July 3rd 2017 at 00:00 GMT +3 SHARE THIS ARTICLE Share on Facebook Share on Twitter East Africa cross border Trade photo:courtesy …

Cross-border trading good for East African region Read More

InterContinental Hotels Group (IHG) has announced the opening of its new Holiday Inn in Mutare, Zimbabwe. The franchised property, owned by African Sun Limited, features 96 rooms, an outdoor pool …

Holiday Inn opens its doors in Zimbabwe Read More