Breaking News
JP Morgan Backs Afreximbank’s Bonds After Junk Rating Sell-Off
Afreximbank’s Abuja African Trade Centre Attains LEED Platinum Certification
Afreximbank Ends Credit Rating Relationship with Fitch
🇳🇬 Nigeria Secure AFCON 2025 Bronze, Extend Perfect Third-Place Record
AFCON 2025: Semi-Final Results & Final Showdown Confirmed
AFCON 2025: Nigeria Beats Algeria to Reach Semi-Finals
Central African Republic President Faustin-Archange Touadéra Wins Third Term
🇧🇯 Attempted Coup in Benin Foiled by Government Forces
African Teams Headed to World Cup 2026 — Full Lineup & What to Watch
Guinea-Bissau Military Seizes Power, Suspends Elections as President Embaló is Deposed

Economy

Economic news and analysis from across Africa.

All Economy Stories

39 stories
Japan Unveils Bold Vision at TICAD 9: Economic Zone Proposal & AI Training for Africa AFRICA

Yokohama, August 21, 2025 — At the 9th Tokyo International Conference on African Development (TICAD 9), Japanese Prime Minister Shigeru Ishiba unveiled a forward-looking framework to deepen economic ties with Africa. The plan includes the establishment of an “Indian Ocean–Africa Economic Zone,” alongside targeted investments in infrastructure, human capital, and innovation. A New Economic Zone to Unlock Regional […]

•
3 min read
Towncrier Africa
South African Business Confidence Rises in July Despite U.S. 30% Tariff Shock ECONOMY

Johannesburg — August 13, 2025 South Africa’s business sentiment rebounded in July, even as the newly imposed 30% U.S. tariff posed a fresh headwind. According to the South African Chamber of Commerce and Industry (SACCI), the Business Confidence Index climbed to 116.7 from 113.2 in June, signaling renewed optimism backed by stronger manufacturing, vehicle sales, and contained inflation  . Turning Up in […]

•
4 min read
Towncrier Africa
Afreximbank Extends $75 Million Cross-Currency Swap Facility to The Gambia for Strategic Infrastructure ECONOMY

Abuja, Nigeria – July 24, 2025 – In a landmark deal aimed at strengthening The Gambia’s infrastructure financing, the African Export-Import Bank (Afreximbank) has signed a US$75 million cross-currency swap agreement with the Central Bank of The Gambia (CBG). The five-year facility will support the financing of strategic road projects undertaken by the National Roads […]

•
3 min read
Towncrier Africa
PAPSS and Interstellar Unveil Groundbreaking African Currency Marketplace to Eliminate $5 Billion Trade Bottleneck ECONOMY

Abuja, Nigeria – 7 July 2025 The Pan-African Payment and Settlement System (PAPSS) and leading African deep-tech company Interstellar have jointly launched the PAPSS African Currency Marketplace (PACM) — a landmark platform designed to unlock intra-African trade by eliminating the long-standing challenge of currency inconvertibility. The announcement was made during the Afreximbank Annual Meetings (AAM2025) in Abuja, in the presence of […]

•
2 min read
Towncrier Africa
AfDB Approves €25.5 Million Trade Finance Package to Boost SMEs and Women-Led Businesses in Mauritania ECONOMY

Nouakchott, Mauritania – 29 June 2025 In a major boost to private sector development in Mauritania, the African Development Bank (AfDB) has approved a comprehensive €25.5 million trade finance facility for Générale de Banque de Mauritanie (GBM). The financing package is designed to expand access to credit for small and medium-sized enterprises (SMEs) and women […]

•
3 min read
Towncrier Africa
Afreximbank Appoints Dr. George Elombi as Next President ECONOMY

Abuja, Nigeria, 28 June 2025 – The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. He becomes the fourth President to lead the Bank since its establishment in 1993. His appointment was one of the key […]

•
4 min read
Towncrier Africa
PAPSS Gains Momentum as Game-Changer for Intra-African Trade ECONOMY

The second day of the 32nd Annual Meetings of Afreximbank in Abuja shone a spotlight on the Pan-African Payment and Settlement System (PAPSS), with leaders across Africa’s financial ecosystem hailing it as one of the most transformative tools for facilitating intra-African trade. With trade under the African Continental Free Trade Area (AfCFTA) picking up momentum, PAPSS—developed by Afreximbank […]

•
3 min read
Towncrier Africa
Africa Must Build Financial Sovereignty to Break Free from External Shocks – Afreximbank President BUSINESS

Abuja, Nigeria – June 26, 2025 At the 32nd Afreximbank Annual Meetings (AAM2025) in Abuja, Afreximbank President Prof. Benedict Oramah made a compelling case for strengthening Africa’s financial sovereignty through deeper integration of multilateral financial institutions. Speaking to a hall filled with policy leaders, bankers, economists, and regional stakeholders, Oramah emphasized that Africa’s economic resilience […]

•
3 min read
Towncrier Africa
Africa Must Break the Chains of Commodity Dependency”—AfCFTA Vision Resounds at Afreximbank AGM 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 […]

•
3 min read
Towncrier Africa
AfCFTA Has Become Africa’s Most Ambitious Economic Reform – Wamkele Mene BUSINESS

Abuja, Nigeria – June 26, 2025  At the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), held at the Transcorp Hilton in Abuja, Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Wamkele Mene, described the AfCFTA as “Africa’s most ambitious and compelling economic reform agenda of a generation.” Speaking to delegates from […]

•
4 min read
Towncrier Africa
📰

Stay Informed with African Insights

Join thousands of readers who trust Town Crier Africa for authentic, timely, and impactful stories from across the continent.

No spam, ever. Unsubscribe anytime. Read our Privacy Policy.