Family-owned businesses across Africa are growing faster than their global counterparts, even as inflation, tax complexity and supply chain disruptions weigh on the operating environment, according to PwC's Africa Family Business Survey 2025. The survey, which sampled 79 family businesses across East, West and Southern Africa, found that 66% reported sales growth in the past …
Across Africa, water is no longer just an environmental concern but has become a hard economic constraint with measurable consequences for growth, productivity, and human development. New consolidated estimates from the United Nations, the African Union, the World Bank, and the UN Economic Commission for Africa show that achieving universal access to safe drinking water …
How China's $180 billion bet on Africa — from Nigerian railways to Angolan oil — is rewriting the rules of global power, filling the void left by a negligent West, and raising urgent questions about who, ultimately, will pay the price. $180.87B Chinese loans to Africa 2000 – 2024; 1,319 loan commitments across 49 nations; …
French President Emmanuel Macron and Kenyan President William Ruto on Monday unveiled fresh partnerships in arts, sports, and technology, while urging stronger collaboration between Africa and Europe to drive innovation and economic growth. The two leaders spoke during the opening of the Africa Forward Summit held at the University of Nairobi on Monday, where they …
The African Export-Import Bank (Afreximbank) has reported robust financial performance for the year ended December 31, 2025, highlighting strong balance sheet growth, increased investor confidence, and sustained execution of its strategic priorities across Africa and the Caribbean. The Bank said its total assets and contingencies rose by 21 percent to $48.5 billion from $40.1 billion …
Ghana has called for global backing at the United Nations for a draft resolution to recognise the transatlantic slave trade as the gravest crime against humanity. The move aims to deepen global discussions on reparations and historical accountability. Speaking ahead of the proposal, Ghana’s Permanent Representative, Samuel Yao Kumah, urged member states to support the …
Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Prof. Taiwo Oyedele has said Nigeria’s tax reforms aim to strengthen the capital market while promoting inclusive economic growth. Prof. Oyedele stated this while highlighting the benefits of the benefits of the ongoing tax reforms in Nigeria. He spoke at the 3rd Professor Uche Uwaleke Biennial …
Ghana and Zambia have agreed to allow visa-free travel for each other’s citizens, a move aimed at strengthening regional integration and easing cross-border movement. The announcement was made by Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa, during President John Dramani Mahama’s official visit to Zambia. The three-day trip focuses on expanding diplomatic engagement, economic partnerships, …
The Federal Government has entered into a cooperation agreement with the International Finance Corporation (IFC) aimed at accelerating the development of bankable infrastructure projects and attracting private sector investment into key sectors of the economy. The agreement was signed in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, …
Seif al-Islam Gadhafi, the son of former Libyan leader Muammar Gadhafi, has been killed in the town of Zintan, Libyan officials confirmed on Tuesday. The exact circumstances of his death remain unclear, but local media reports say he was shot by armed men at his home. Born in June 1972, Seif al-Islam earned a PhD …
