Tag: Africa

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Gabon sees Africa’s first ‘debt-for-nature’ swap over the line

Gabon moved forward with Africa's first debt-for-nature swap on Tuesday in a deal that saw the country buy back a nominal $500 million of its international...

Africa’s fintech market to reach US$65 billion in revenue by 2030, says new study

The African fintech market is projected to reach US$65 billion by 2030, representing a 13-fold increase over 2021, according to a new study conducted by...

EU seeks critical minerals deals with more African countries

The European Union is in negotiations with Democratic Republic of Congo, a leading source of battery minerals, and aims for talks with other African...

S&P sees weaker 2023 growth in key African economies as tailwinds fade

Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the backdrop less favourable and high interest rates...

Unilever pivots to African suppliers as forex pressure mounts

Busari Kasali once lived with the fear that his cassava - a staple crop in his native Nigeria - would spoil before it got...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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