Economy & Business

Leaders at the 29th St. Petersburg International Economic Forum said the balance of global economic power is increasingly shifting toward emerging markets, with Africa expected to play a major role in future growth. The discussions came as…

Egypt is preparing a new wave of economic reforms aimed at making it easier for businesses to operate while advancing plans to list several state owned companies on the stock exchange over the next year. Speaking during a visit to London,…

South Africa has resumed large scale maize exports as the country moves toward what could become the largest maize harvest in its history, creating a substantial grain surplus that may help strengthen food security across Africa.…

A new global wealth report has revealed that Africa experienced record growth in the number of millionaires in 2025, reflecting broader gains in global financial markets and rising asset values. According to the 2026 edition of the…

South Africa and Kenya have signed six new cooperation agreements aimed at expanding trade, improving transport connectivity and deepening economic integration between two of Africa’s largest and most influential economies. The agreements…

Kenya’s two most influential business dynasties are poised to receive a combined payout of approximately $170 million as part of a major banking transaction that will give South Africa’s Nedbank Group a controlling stake in NCBA Group. The…

Guinea’s massive Simandou iron ore project recorded a significant increase in exports in May, marking another milestone in the development of what is widely regarded as one of the most important mining projects in the world. According to…

Ghana is set to strengthen its position as one of West Africa’s emerging industrial centers following the announcement that South Korean automotive giant Hyundai plans to establish a manufacturing facility in the country. The project forms…

Amazon has officially launched its Prime membership service in South Africa, marking a major step in the company's efforts to strengthen its position in one of Africa's most developed digital retail markets. The subscription service will…

Zimbabwe has taken a significant step toward developing its energy sector after signing a landmark petroleum production sharing agreement with Australian energy company Invictus Energy. The agreement, signed in Harare through Invictus…