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 …

U.S. seeks to re-establish trade, political ties with Africa

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Africa is the new terrain of strategic confrontation between the United States, China and Russia. Washington is hosting political and economic leaders from the African continent for three days in a summit with many facets and where some…
CNBC Africa

MTN Lands Subsea Cable in South Africa to Boost Africa’s Connectivity

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MTN South Africa and MTN Global Connect, in partnership with a consortium, have landed a 45,000-kilometer subsea cable in South Africa, part of plans to build a subsea network to connect African countries to Europe and the Middle East. Africa’s…
AFREXIM Bank

Trade and Market Update: Natural Gas and the Geopolitics of Energy

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The Ukraine crisis and Western-led sanctions against Russia are redefining the geopolitics of energy and expanding opportunities for new players. Russia is the world’s second largest producer of natural gas and accounts for about 26 percent…
CNBC Africa

Siemens Named 2022 World’s Corporate Startup Stars

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A total of 100 companies from all over the world have been named winners in the 2022 Corporate Startup Stars awards: 50 as Corporate Startup Stars and 50 companies named Open Innovation Challengers – with Siemens securing the top position. For…

COP15 Kicks off as Alarm Grows Over Falling Wildlife Populations

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A month after the COP27 climate change summit in Egypt, COP15 on Biodiversity kicks off in Canada. The objective for the 196 countries present is to halt the decline of life. And the call for action is urgent. According to the latest…
CNBC Africa

Ghana to Swap Local Debt in Fight to Regain Economic Stability

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Ghana asked investors to exchange around $9 billion in domestic debt for new bonds on Monday (Dec.5) to ease a crunch in payments as the government negotiates an IMF bailout during its worst economic crisis in decades. Finance Minister Kenneth…

Oil: Libya Invites Foreign Companies to Resume Exploration and Production

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The Libyan National Oil Company (NOC) has called on foreign companies active in the hydrocarbon sector to resume exploration and production operations, citing an improved security situation. "The NOC calls on international companies operating…
IGAD

Seven East African Nations Sign IGAD Agreement on Free Movement of People

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East Africa’s Intergovernmental Authority on Development IGAD signed an agreement on the free movement of people Wednesday, as representatives from the eight African countries gathered in the Sudanese capital. In a press conference…
CNBC Africa

Ghana overhaul a test for $1 billion World Bank-backed debt

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Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including…