ECONOMY Archives - 1st Afrika

ReconAfrica Upsizes Financing to Fast-Track Kavango, Angola and Gabon Programs

Jide AdesinaJanuary 7, 2026

by Jide AdesinaJanuary 7, 20260122

Reconnaissance Energy Africa Ltd has significantly strengthened its balance sheet as it prepares to accelerate exploration and appraisal activities across three African jurisdictions. The company...

ECONOMY

Africa’s Renaissance: Economic Ascendancy Amidst Enduring Challenges

Jide AdesinaSeptember 8, 2025September 8, 2025

by Jide AdesinaSeptember 8, 2025September 8, 20250487

In the vast expanse of the African continent, where the sun rises over the Sahara’s endless dunes and sets on the savannas of the south,...

Africa AFRIKA HERALD DOCUMENTARY CHANNEL ECONOMY International News

Prof. P.L.A. Lumumba’s Call for Decolonization of Religion, Culture, and Economy

Jide AdesinaSeptember 8, 2025

by Jide AdesinaSeptember 8, 20250380

When Professor P.L.A. Lumumba mounts a podium, he often weaves together history, politics, and philosophy in ways that command both reflection and discomfort. In...

AFRIKA HERALD BUSINESS ECONOMY

A Common Currency for Africa: Promise, Peril, and a Practical Roadmap

Jide AdesinaSeptember 8, 2025

by Jide AdesinaSeptember 8, 20250451

The idea of a single currency for Africa recurs in policy rooms, academic papers and summit communiqués with increasing urgency. It is part technocratic ambition...

AFRIKA HERALD ECONOMY

African Union Reaffirms Commitment to Transforming Mineral Wealth at Mining Indaba 2025

Jide AdesinaSeptember 8, 2025

by Jide AdesinaSeptember 8, 20250342

The Investing in African Mining Indaba’s Ministerial Symposium, held from February 3 to 6, 2025, opened with a strong call for Africa to seize control...

ECONOMY

Pound Weakens as UK Borrowing Costs Hit 27-Year High, Forcing Nigerian Families to Brace for Remittance Strain

Jide AdesinaSeptember 2, 2025

by Jide AdesinaSeptember 2, 20250187

Nigeria is confronting mounting pressure on remittance inflows from the United Kingdom, amid a perfect storm created by rocketing UK borrowing costs and a depreciating...

Commerce ECONOMY

List of 10 African Countries With the Highest Loans from the IMF

Jide AdesinaSeptember 1, 2025September 1, 2025

by Jide AdesinaSeptember 1, 2025September 1, 20250379

Across Africa the International Monetary Fund (IMF) remains a central financier, backstop and policy partner for many governments confronting external shocks, commodity price swings, currency...

Africa BUSINESS ECONOMY

Zimbabwe Investment and Diaspora Forum strengthens global ties

AarondexAugust 30, 2025

by AarondexAugust 30, 20250571

GOVERNMENT has described the diaspora community as a key component of Zimbabwe’s socio-economic development, rallying diasporians to be true ambassadors of the country. Speaking at...

ECONOMY TECHNOLOGY

CBN, Brazilian Central Bank explore remittance, fintech opportunities

AarondexAugust 30, 2025

by AarondexAugust 30, 20250273

The Central Bank of Nigeria (CBN) and the Central Bank of Brazil have begun talks aimed at deepening financial cooperation, with a focus on boosting...

Africa BUSINESS ECONOMY

Nigeria, Brazil central banks deepen financial cooperation

AarondexAugust 30, 2025

by AarondexAugust 30, 20250356

The Central Bank of Nigeria (CBN) and the Central Bank of Brazil have announced a strengthened partnership aimed at deepening financial cooperation, in a move...

Africa ECONOMY

SANTACO agrees to resume operations in Ekurhuleni

AarondexAugust 30, 2025

by AarondexAugust 30, 20250210

The South African National Taxi Council (SANTACO) has announced that it will resume full taxi operations in Ekurhuleni, bringing relief to thousands of commuters who...

BUSINESS ECONOMY

UNECA helps unlock potential of SMES in advancing intra-Africa trade

AarondexAugust 28, 2025

by AarondexAugust 28, 20250244

THE United Nations Economic Commission for Africa (UNECA) has partnered with the Government of Zimbabwe to strengthen the capacity of small and medium enterprises (SMEs)...

Africa ECONOMY

World Bank warns of ‘lost decade’ as global growth slows to three-decade low

AarondexAugust 28, 2025

by AarondexAugust 28, 20250306

The World Bank has issued a stark warning that the global economy could be heading into what it terms a “lost decade” as growth projections...

Africa ECONOMY International News

ILO calls for investment in care infrastructure to create millions of jobs and close gender gap

AarondexAugust 28, 2025

by AarondexAugust 28, 20250367

The International Labour Organization (ILO) has called on governments and policymakers around the world to increase investments in care infrastructure, saying such action could generate...

Africa BUSINESS ECONOMY

Muzarabani Oil and Gas project implementation intensifies after govt-Invictus agreement

AarondexAugust 27, 2025

by AarondexAugust 27, 20250465

THE implementation of the Muzarabani Oil and Gas project has intensified after the conclusion of the consolidated Production and Profit-Sharing Agreement between government and Invictus...

Africa ECONOMY

Angola’s Boma community hailed for accommodating ZIPRA forces

AarondexAugust 27, 2025

by AarondexAugust 27, 20250267

A delegation of government officials and veterans of the liberation struggle have paid homage to liberation war heroes buried at the former ZIPRA training camp...

Africa ECONOMY International News

Domestic financing strategy set to transform Zimbabwe’s tobacco sector

AarondexAugust 26, 2025

by AarondexAugust 26, 20250367

THE country’s tobacco industry is set for a major boost after President Emmerson Mnangagwa hinted on a new policy for tobacco financing. As the government...

BUSINESS ECONOMY

Zim sets new record with 10 million litres of milk produced in July

AarondexAugust 26, 2025

by AarondexAugust 26, 20250250

ZIMBABWE has reached a historic milestone in its dairy industry, producing a record 10 million litres of milk in July, the highest monthly output in...

Aviation ECONOMY Tourism

Ethiopia launches new tourism initiatives to boost national economy

AarondexAugust 26, 2025

by AarondexAugust 26, 20250395

NEW tourist destination development projects are proving instrumental in revitalising Ethiopia’s tourism sector and strengthening its national economy, according to the Ministry of Tourism. THE...

Africa ECONOMY International News

Nigerian Equities Rally to Close Week, NGX Crosses 141,000 Mark as Market Cap Nears ₦90 Trillion

AarondexAugust 25, 2025

by AarondexAugust 25, 20250514

The Nigerian Exchange (NGX) ended Friday’s trading session firmly in positive territory, propelling the benchmark All-Share Index (ASI) to a close of 141,004.14 points. The...

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