
Mayor’s Private Sector Conference
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AfreximBank Earmarks $100 Million to Tackle Nigeria’s Export Challenges
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The African Export and Import Bank (Afreximbank), yesterday, announced plans to invest up to $100 million for the establishment of quality assurance centres in Nigeria.
Already, the bank has deployed $11 million for the completion of the…

German Companies Plan to Invest More In Africa in 2023
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German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed.
The…

Madagascar: Slow Revival of Tourism Post Covid-19
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With the reopening of borders in April 2022, after two years of isolation from the rest of the world, tourism in Madagascar is slowly but surely regaining momentum.
Despite an undeniable attraction for Madagascar as a destination, renowned…

Suez Canal Chief Seeks to Dispel Fears Over Draft Egypt Law
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The head of the Suez Canal Authority (SCA) Osama Rabie assured Thursday that the strategic maritime passage was "not for sale" following concerns raised in Egypt by a draft law under discussion in parliament.
The Suez Canal, which sees…

IMF to African Oil Exporters: Create Fiscal Buffers Now
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The International Monetary Fund, (IMF) has advised oil exporting countries in Africa to, as a matter of urgency, create fiscal buffers, against possible future oil price falls.
According to the organization’s statement yesterday, African…

Nigeria is leading producer of yam but export less
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Yams are the fifth most widely harvested crop in Nigeria, and one of the most expensive to produce; the planting and harvesting processes require significant labor input, yam seeds are expensive, and the supply of seed is limited.
“It…

SMEs key for Sudan’s ability to harness the AfCFTA
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The Economic Commission for Africa office for North Africa and the Sudanese ministry of Trade launched on 18 December in Khartoum a four-day, joint workshop on Export Promotion and Access to Finance for the benefit of 50 Sudanese SME owners,…

IMF Approves Disbursement of $447.39 Million to Kenya
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The International Monetary Fund’s (IMF) board has approved the disbursement of $447.39 million to Kenya after a review of its lending programme, the fund said on Tuesday.
Kenya’s public debt had begun to “level off” due to fiscal…

Ghana suspends payment of part of its foreign debt, including Eurobonds
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Ghana has temporarily suspended the payment of part of its external debt, including Eurobonds, as it seeks to restructure it after an agreement with the International Monetary Fund (IMF) last week.
"We are announcing today (Monday) the…

In partnership with Trade Ethiopia, PACCI is organizing a training to connect Ethiopian Businesses with African Continental Free Trade Area [AfCFTA].
Assistance in identifying the trade
opportunities within the AfCFTA
framework
…