African News

Russia renews its push into Africa

This week the Russian government staged its first ever Russia-Africa Economic Forum in Sochi, in the hope of stepping up its influence on the continent and tapping into business and investment deals. The two-day event, co-hosted by Russia and Egyp

How Africa can use big-power rivalry to seize investment opportunities

Africa needs trillions of dollars of roads, rail lines, airports, ports and power facilities, and these are all projects that China has decades of experience with Africa is entering a golden era of big-power courtship that could usher in major improv

Togo, Nigeria Big Winners in Ease of Doing Business in Africa

Regulatory reforms in Togo and Nigeria propelled the sub-Saharan African economies to among the most improved in the World Bank’s rankings for ease of doing business.Togo rocketed 40 places to 97, according to the report released Wednesday in Washi

Lessons From Côte d’Ivoire On Businesses Recovery After Conflicts

For developing countries to have lasting development, they must have economic systems that are resilient to shocks such as climate change, natural disasters and conflict. Recent research has focused on evaluating the long-term effects of these pot

Investment Opportunities in Uganda

East Africa’s investment story is not new. As more foreign investors and multinationals enter the region, it continues to gain traction as an investment destination. Certain countries, such as Kenya and Tanzania (and delicately toss in Ethiopia)

Ghana Loses $190 million U.S. Grant Over Cancelled Power Contract

The United States has cancelled $190 million in grants to Ghana under the “Power Africa” initiative in response to the Ghanaian government’s termination of a contract with a private utility provider, the U.S. embassy said. The Millennium Cha

The Beauty Industry Looks To Africa for Growth

For decades, the innovation and formal research on products for black skin and hair was limited on the global stage as beauty brands multinationals focused their research on caucasian skin with only slight modifications to products for potential cust

Investing in Portuguese-Speaking Africa: The Moment is Now

Economic reforms, a burgeoning middle class and regional diversity against the background of the new African Continental Free Trade Area - are making Africa’s Portuguese-speaking countries a hotspot for investor interest. Additionally, new tool

Nigeria To Complete Major Gold Mine

igeria’s mining sector is about to get a huge reputation boost with the soon-to-be-completed construction of an industrial-scale gold mine by Thor Explorations Limited, a Canada-based miner. Located in Osun state, the Segilola Gold Project is Th

A Kenyan agritech startup is going pan-African with a $30 million round led by Goldman Sachs

The high rate of waste and the lack of effective distribution are two major problems plaguing the agribusiness value chain across African countries. A startup tackling both issues has just bagged major funding. Twiga Foods, the Kenya-based food logi