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African economy

MTN Chairman Urges Africa to Process Critical Minerals Locally as Demand Grows

September 2, 2026

Africa must use its critical-mineral wealth to develop local processing and manufacturing industries rather than remain primarily an exporter of raw materials, MTN Group Chairman Mcebisi Jonas said. Jonas said African

Africa·Business News·News·Top Stories

Ghana Targets End to Raw-Commodity Export Cycle, Finance Minister Says

August 27, 2026

Ghana must use recent economic stability to accelerate industrialisation and break its long-standing cycle of exporting raw materials and importing higher-value finished products, Finance Minister Cassiel Ato Forson said. Forson said

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Africa·News·Oil & Gas·Top Stories

Libya Seeks Up to $40bn to Raise Oil Output to 2m bpd by 2030

August 19, 2026

Libya needs between $30 billion and $40 billion in investment to develop its oil and gas resources and raise crude production to 2 million barrels per day by 2030, National Oil Corporation

Africa·Business News·News

Botswana, Nigeria Push to Turn AfCFTA Potential Into Stronger Bilateral Trade

August 15, 2026

Botswana and Nigeria are seeking to deepen trade and investment ties under the African Continental Free Trade Area (AfCFTA), as business leaders call for targeted measures to create a more efficient and

Finance & Economy

Top 10 African Countries With Highest GDP Growth Rate

June 6, 2025

The Gross Domestic Product (GDP) growth rate is a vital economic indicator with far-reaching implications for a country’s prosperity. GDP is an estimate of the total value of finished goods and services

Editorial

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

January 8, 2024

The World Bank has for long been dogged by allegations of promoting misguided policies that worked mainly to impoverish the majority of people

Editorial

Africa’s Economic Survival Amid EU’s New Carbon Tax [PBA Editorial]

December 11, 2023

There is so much that $25billion dollars can do for Africa. While the African Development Bank’s (AfDB) $25billion Fund is projected to help the continent overcome food insecurity in five years, the

Adesina Spoke Like Peter Obi, Onanuga Reacts Over Claims On GDP Per Capita

Business News·News·World News

Africa Risks $25bn Yearly Loss To EU’s Carbon Tax – AfDB’s Adesina Explains How

December 8, 2023

President of the African Development Bank (AfDB) Dr. Akinwumi Adesina has warned that a new European Union (EU) carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalizing value-added

Business News·Top Stories

NNPCL Creating Regional Gas Supply Network For Africa – Kyari

December 5, 2023

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari says the NNPCL is creating a regional gas pipeline network to supply natural gas across Africa. He stated

Editorial

COP28: Between Africa’s Economic Development And Environmental Sustainability

December 4, 2023

On the margins of the 28th edition of the Conference of Parties (COP28), African leaders converged to launch the Africa Green Industrialization Initiative (AGII) towards accelerating and scaling green industries and businesses

Africa·Editorial·News

Gender Activism An Economic Necessity In Africa [PBA Editorial]

November 27, 2023

The United Nations is currently running a campaign tagged: ’16 Days of Activism against Gender-Based Violence’. It’s meant to raise awareness and implement strategies to combat gender-based violence across the globe. The

Editorial

Beyond Economic Reparation For Transatlantic Slave Trade [PBA Editorial]

November 23, 2023

An interesting conference attended by senior government officials from across Africa and the Diaspora community was held in Accra, Ghana last Thursday. The theme of the discussion was Europe’s creation of wealth

News

Nobody Can Help Develop Africa’s Economy But Us -Tony Elumelu

June 19, 2022

Chairman at Heirs Holdings, Mr. Tony Elumelu has stressed that Africans are the ones who can transform the economy of the continent by leveraging intra-African trade. According to Elumelu, African countries hardly

Finance & Economy·Top Stories

UBA Sees Diversified Business Model, Enhanced Digital Platforms As Key To Financial Gains

March 14, 2022

The United Bank for Africa (UBA) Plc, has assured its shareholders and investors of good performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the

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African economy

MTN Chairman Urges Africa to Process Critical Minerals Locally as Demand Grows

Ghana Targets End to Raw-Commodity Export Cycle, Finance Minister Says

Libya Seeks Up to $40bn to Raise Oil Output to 2m bpd by 2030

Botswana, Nigeria Push to Turn AfCFTA Potential Into Stronger Bilateral Trade

Top 10 African Countries With Highest GDP Growth Rate

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

Africa’s Economic Survival Amid EU’s New Carbon Tax [PBA Editorial]

Africa Risks $25bn Yearly Loss To EU’s Carbon Tax – AfDB’s Adesina Explains How

NNPCL Creating Regional Gas Supply Network For Africa – Kyari

COP28: Between Africa’s Economic Development And Environmental Sustainability

Gender Activism An Economic Necessity In Africa [PBA Editorial]

Beyond Economic Reparation For Transatlantic Slave Trade [PBA Editorial]

Nobody Can Help Develop Africa’s Economy But Us -Tony Elumelu

UBA Sees Diversified Business Model, Enhanced Digital Platforms As Key To Financial Gains

Technology Not Causing Disruption But Democratizing African Economy

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Must Our Girls Scream Before We Hear Them?

U.S. Consulate Hits Roof Milestone at $537m Eko Atlantic Complex, Injects $95m into Nigerian Economy

37 Dead: The Cost of Lithium

Lithium: New Oil, Same Curse?

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NDLEA Intercepts Saudi-Bound Cannabis at Kano Airport, Seizes ₦6.98bn Tramadol in Lagos

SERAP Seeks Court Order to Unravel ₦126.46bn in Questioned INEC Spending

Nigeria Brokers Fresh Push to mend ECOWAS Rift with Sahel Bloc

Kenya Confirms Four New Ebola Cases, Total Rises to Seven

China, North Korea Open Long-Delayed Bridge to Facilitate Trade

Iran Conflict Pushes South African Fuel Prices Sharply Higher

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

NDLEA Intercepts Saudi-Bound Cannabis at Kano Airport, Seizes ₦6.98bn Tramadol in Lagos

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