Latest Africa news and analysis from across Africa.
AFRICA
Grenada — July 29, 2025 Prof. Benedict Oramah, President of Afreximbank, has called on African and Caribbean nations to urgently build direct sea and air transport links to unlock the immense trade potential between the two regions—estimated at over $1 billion annually. Speaking during a high-level infrastructure panel at the 4th AfriCaribbean Trade and Investment Forum […]
AFRICA
Abuja, Nigeria | 30 June 2025 – Africa has taken a historic leap toward financial sovereignty and payment independence with the official launch of PAPSSCARD, the continent’s first pan-African card scheme. The launch took place on 27 June 2025, during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, and is seen as a transformational milestone in Africa’s long-standing quest for intra-African financial integration. […]
AFRICA
According to the Africa Trade Report 2025 published by Afreximbank, intra-African trade experienced a notable resurgence in 2024, growing by 12.4% to reach approximately US$220.3 billion. This recovery marks a sharp turnaround from the 5.9% decline observed in the previous year, underscoring the continent’s resilience and renewed momentum for integration. Leading this resurgence was South Africa, which accounted for US$42.1 billion in intra-African […]
AFRICA
Africa’s economies are once again at the center of global trade discussions, but not for the reasons most would hope. According to the recently released African Trade Report 2025 by Afreximbank, the continent faces a staggering trade finance gap of over $100 billion annually—a persistent structural constraint that threatens to undermine Africa’s industrial ambitions, job creation efforts, and […]
AFRICA
Abuja, Nigeria — June 25, 2025 At the opening of the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), leaders and experts emphasized that the African Continental Free Trade Area (AfCFTA) is now the continent’s most ambitious and transformative economic reform. Delivering his keynote at the Transcorp Hilton in Abuja, AfCFTA Secretary General Wamkele […]
AFRICA
LUANDA, Angola | 24 June 2025 — African heads of state and institutional leaders have issued a strong call for the United States to transition from an aid-centric engagement model to one grounded in strategic investments and fair trade practices. Speaking at the opening of the U.S.–Africa Business Summit in Angola’s capital, Luanda, several high-level […]
AFRICA
Abuja, Nigeria – June 22, 2025 At the 67th Ordinary Summit of the Economic Community of West African States (ECOWAS) held in Abuja, Sierra Leone’s President Julius Maada Bio was officially elected as the new Chairperson of the ECOWAS Authority of Heads of State and Government . He takes over from Nigeria’s President Bola Tinubu […]
AFRICA
Accra, Ghana – June 10, 2025 At the IATF2025 Ghana Business Engagement Session in Accra, Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), made a compelling call to action: African businesses must seize the moment and take full advantage of the continent-wide trade opportunities offered by AfCFTA. Speaking to a distinguished audience […]
AFRICA
The African Development Bank Group (AfDB) has announced the election of Sidi Ould Tah as its ninth president, signaling a new chapter for one of Africa’s most influential financial institutions. Sidi Ould Tah was elected by the AfDB’s Board of Governors, a body consisting of finance ministers, economy ministers, and central bank governors from the […]
AFRICA
In a compelling demonstration of youthful innovation and entrepreneurship, the African Development Bank’s (AfDB) 2025 Annual Meetings spotlighted inspiring agripreneurs transforming Africa’s agricultural landscape. The event, hosted on May 26, featured remarkable stories of young individuals leveraging agribusiness opportunities, supported notably by AfDB’s Enable Youth program. Koffi Amani François Xavier, a dynamic 30-year-old entrepreneur from […]