Just a few years ago, UK and French banks were hyping Africa as a growth market and a place to burnish their sustainability credentials. But several have since sold subsidiaries across the continent. This might

The value of Africa’s biggest companies has fallen again this year. But one company – Naspers – is mainly responsible. The total market capitalisation of the 250 biggest listed companies in Africa stood at $505bn

In Africa, as in the rest of the world, there has been significant activity in the billionaire sphere, with some billionaires rising in rank, others falling, newcomers joining the list, and some dropping off altogether.

The cost of repairing what’s broken will also have a major impact on the country’s budget, which is already stretched.have a major economic impact. Assessments from the last major flooding in 2018 show that the

This as the government battles to maintain the value of its newly introduced gold-backed currency, the Zimbabwe Gold (ZiG). Any business using an exchange rate higher than the official rate of 13.5 ZiG per U.S.

Card payments provider American Express rolled out four new credit cards in Nigeria this week, in its push to become a dominant player in Africa’s fledgling credit market. The cards, which are dollar-denominated and target

This is in a bid to secure about $2.5 billion in climate finance, an agency in President Cyril Ramaphosa’s office said. The timetable to be proposed to the Climate Investment Funds in June aims to

The most worrisome delaying force at Pump Station One, the start of EACOP near the small city of Hoima, isn’t weather, fire, or snakes. It’s money. A megaproject that has drawn together the fortunes of

The World Bank has approved a $138.5 million loan to help Namibia bolster its transmission network and integrate renewable energy projects into the grid, the bank said. One of Sub-Saharan Africa’s driest countries with plenty

Ethiopia’s Kubik, which specialises in the transformation of hard-to-recycle plastic waste into affordable, low-carbon building materials, is planning to expand into more African countries next year after banking US$5.2 million in seed funding recently. Founded