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Economy & Business
Burkina Faso Recovers $16.8 Million in Major Gold Fraud Crackdown
Burkina Faso has intensified efforts to combat illegal gold trading, recovering more than 10 billion CFA francs, equivalent to approximately $16.8 million, while dismantling 25 illicit gold buying and selling offices linked to fraud across…
Ghana Moves to Refine Its Own Crude as Africa’s Energy Value Chain Shifts Inward
Ghana is preparing to take a significant step in its energy sector by refining crude oil from its own offshore fields domestically, a move aimed at increasing value retention and reducing dependence on imported petroleum products.
Speaking…
Ivory Coast Cocoa Mid Crop Gains Momentum as Timely Rains Improve Bean Quality
Recent rainfall across Ivory Coast's cocoa producing regions has provided a welcome boost to the country's March to August mid crop, with farmers reporting improvements in bean size and quality despite rainfall remaining below average in…
EU Launches First South Africa Investment Roadshow as Race for Critical Minerals Intensifies
The European Union has launched its first investment roadshow in South Africa, marking a significant step in efforts to secure access to critical minerals while deepening economic ties with Africa’s most industrialized economy.…
Benin Strengthens Laws Against Counterfeit Currency and Fake Banknotes
Benin has introduced a new law aimed at strengthening the fight against counterfeit currency and improving trust in the country's financial system.
The legislation, unanimously approved by lawmakers, increases penalties for individuals…
Young Libyan Entrepreneurs Turn Resilience Into Business Success Through AfDB Backed Initiative
A growing number of young entrepreneurs across Libya are transforming challenges into opportunities by launching businesses that address local needs, create jobs, and strengthen community resilience.
From home healthcare services in…
Republic of Congo’s Green Revolution Transforms Rural Farming and Boosts Food Security
For generations, farmers across the Republic of Congo relied on small scale subsistence farming to support their families. Limited access to equipment, low productivity levels, and poor infrastructure often left rural communities struggling…
AfDB 2026 Report Urges Bold Reforms to Unlock Investment and Accelerate Africa’s Growth
African and European policymakers have called for sweeping economic reforms to unlock investment, strengthen domestic revenue mobilisation, and accelerate regional integration following the launch of the African Development Bank's African…
Africa’s Gold Hub Shifts to Zimbabwe as 2026 Output Surges
Zimbabwe is rapidly cementing its position as one of Africa’s leading gold producers, with a sharp rise in output signaling a shift in the continent’s gold production landscape. Strong performance from large-scale miners, rising global…
Africa Accounts for 30% of Russia’s Defense Exports as Military Ties Deepen
Africa now accounts for approximately 30% of Rosoboronexport's defense-related exports, underscoring the continent’s growing importance in Russia’s global military trade strategy.
The state intermediary agency confirmed that partnerships…