BUSINESS Archives - Page 8 of 22

Egypt to Receive €4 Billion in EU Budget Support Amid Economic Reforms and Regional Stability Efforts

AarondexMay 20, 2025May 20, 2025

by AarondexMay 20, 2025May 20, 20250569

In a landmark financial agreement aimed at strengthening economic resilience and regional stability, the European Union has pledged to provide €4 billion in budget support...

BUSINESS TECHNOLOGY

Ucore Secures $18.4M in U.S. Department of Defense Funding to Advance Rare Earth Processing Plant in Louisiana

AarondexMay 20, 2025

by AarondexMay 20, 20250860

Ucore Rare Metals Inc., a leading innovator in the field of critical mineral processing, has secured a major funding boost from the U.S. Department of...

BUSINESS Africa TECHNOLOGY

China to Establish Electric Vehicle Factories in Nigeria, Strengthening Strategic Partnership

AarondexMay 19, 2025

by AarondexMay 19, 20250582

China has announced plans to establish electric vehicle (EV) factories in Nigeria, marking a significant advancement in the bilateral relationship between the two nations. This...

BUSINESS Africa

Uganda: Stanbic Bank’s Agutamba Named Chairman of UBA Peer Committee On Communication

AarondexMay 16, 2025

by AarondexMay 16, 20250554

Stanbic Bank Uganda’s Head of Communications, Daniel Agutamba, has been appointed as the new Chairman of the Communication Peer Committee under the Uganda Bankers’ Association...

BUSINESS Africa Agriculture

South Africa’s Land Bank Seeks Up to $1 Billion to Strengthen Agricultural Financing

AarondexMay 15, 2025

by AarondexMay 15, 20250831

South Africa’s state-owned Land and Agricultural Development Bank is in discussions with potential funders to raise as much as $1 billion. This initiative aims to...

BUSINESS Africa

TotalEnergies and BW Energy Target Late 2026 for Final Investment Decisions on Namibia Projects

AarondexMay 14, 2025

by AarondexMay 14, 20250797

Namibia is poised for significant advancements in its energy sector as TotalEnergies and BW Energy plan to make final investment decisions (FIDs) on their respective...

BUSINESS Africa International News

South Sudan Resumes Oil Exports After RSF Drone Attacks Disrupt Port Sudan Operations

AarondexMay 14, 2025

by AarondexMay 14, 20250595

South Sudan has resumed its critical oil exports through Port Sudan after a brief suspension caused by a series of drone attacks attributed to Sudan’s...

BUSINESS Africa

Kenya’s Tourism Sector Booms with 60% Growth as Country Registers Increased International Arrivals

AarondexMay 13, 2025

by AarondexMay 13, 20250687

Nairobi, Kenya – Kenya’s tourism industry is experiencing a remarkable resurgence, with a reported 60% growth in international arrivals compared to the previous year, signaling...

BUSINESS Africa

US and China Agree to Slash Tariffs for 90 Days in Major Trade Breakthrough

AarondexMay 12, 2025May 12, 2025

by AarondexMay 12, 2025May 12, 20250467

In a surprising move aimed at easing global trade tensions, the United States and China have agreed to a temporary 90-day reduction in tariffs on...

BUSINESS Africa

Thiam Delisting Could Shake Côte d’Ivoire’s Business Confidence

AarondexMay 9, 2025

by AarondexMay 9, 20250556

The potential delisting of Thiam, a prominent firm in Côte d’Ivoire, has raised concerns within the business community about the stability and attractiveness of the...

Tourism BUSINESS

Africa Travel Expands into Kenya with Acquisition of Pollman’s Tours & Safaris

AarondexMay 8, 2025

by AarondexMay 8, 20250749

Africa Travel, a leading travel and tourism operator on the continent, has officially entered the Kenyan market through the strategic acquisition of Pollman’s Tours...

ECONOMY Africa BUSINESS

West Africa Upheaval Demands Joint Mining Ventures, Local Listings—Lobby Group Urges

AarondexMay 8, 2025

by AarondexMay 8, 20250571

In light of the ongoing political and security upheaval across parts of West Africa, a leading mining industry lobby group is calling for a radical...

BUSINESS Africa ECONOMY

Mali Cotton Output Falls 4.8% in 2024/2025 Season

AarondexMay 8, 2025May 8, 2025

by AarondexMay 8, 2025May 8, 20250886

Mali’s cotton production has dropped by 4.8% in the 2024/2025 season, marking a notable decline for one of West Africa’s leading cotton producers. According to...

BUSINESS Africa

AngloGold and Gold Fields Pause Joint Venture Plans in Ghana

AarondexMay 6, 2025

by AarondexMay 6, 20250587

Mining giants AngloGold Ashanti and Gold Fields have announced a pause on their planned joint venture in Ghana which aimed to combine key gold operations...

BUSINESS Africa

KCB’s Russo Ready to Enter Ethiopia Despite Limit on Foreign Ownership

AarondexMay 6, 2025

by AarondexMay 6, 20250769

KCB Group CEO Paul Russo says the bank is still interested in expanding into Ethiopia even though the country has set a 49 percent cap...

BUSINESS Africa

South Sudan Crude Oil Reaches Port Sudan Ready for Export Say Officials

AarondexMay 2, 2025

by AarondexMay 2, 20250860

South Sudanese officials have confirmed that a new shipment of the country’s crude oil has successfully arrived at Port Sudan signaling a key step forward...

BUSINESS Africa

Equitane Expands Industrial Investments Across Africa in Strategic Growth Push

AarondexMay 1, 2025

by AarondexMay 1, 20250750

Equitane, a leading pan-African investment group, has announced a significant expansion of its industrial portfolio, signaling a renewed commitment to driving large-scale manufacturing and infrastructure...

BUSINESS Africa

Zimbabwe’s Mining Industry Sees Significant Progress in 2025

AarondexMay 1, 2025May 1, 2025

by AarondexMay 1, 2025May 1, 20250718

Zimbabwe’s mining sector is experiencing a robust recovery in 2025, with projections indicating a 5.6% growth, driven by improved global commodity prices and increased investment....

BUSINESS Africa

Oil Prices Fall Sharply – Africa Feels the Pressure as Global Market Faces Biggest Monthly Drop in Three Years

AarondexApril 30, 2025

by AarondexApril 30, 20250639

Global oil prices are falling fast, heading for their biggest monthly drop since 2020, and many African economies are already feeling the effects. Brent crude...

BUSINESS Africa

Vodafone Business and Maroc Telecom Join Forces to Expand Digital Services in Morocco

AarondexApril 28, 2025

by AarondexApril 28, 20250545

In a significant move to strengthen Morocco’s digital ecosystem, Vodafone Business and Maroc Telecom have announced a strategic partnership aimed at expanding digital services across...

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