Economy & Business

Below-average rainfall across most of Ivory Coast’s cocoa-growing regions is threatening the development of the mid-crop due to be harvested from July to August, raising fresh concerns about supply tightness in the world’s largest cocoa-producing nation. Farmers in multiple regions reported that insufficient moisture — combined with persistently high temperatures — is already affecting developing […]

Uganda’s foreign exchange reserves have jumped by nearly 70 percent over the past year, fueled by heavy foreign direct investment inflows into the country’s burgeoning oil sector, according to new data from the Bank of Uganda. The surge, reported for the 12 months ending January 2026, saw Uganda’s foreign reserves climb to $5.6 billion —

The way Africa connects is changing fast. Across the continent, the hundreds of thousands of cell towers that keep mobile networks alive are increasingly turning to solar power, driven by soaring diesel prices that have made traditional generator-powered sites prohibitively expensive to run. Diesel currently powers the vast majority of Africas roughly 500,000 cell phone

The DRC has ordered a transition away from dollar dominance in domestic transactions, in a move targeting both monetary sovereignty and informal money flows. It is a high-stakes gamble.

From Lagos to Nairobi, African companies are increasingly turning to public listings for growth capital. The question is whether capital market integration can sustain the momentum.

A new report from the Milken Institute identifies artificial intelligence and advanced manufacturing as the twin engines that could propel Africa’s long-deferred industrial revolution, provided the continent’s governments and private sector move decisively to harness them. The report, released Monday, argues that Africa stands at a pivotal juncture. With a combined population projected to reach

Africa’s solar sector is undergoing a fundamental shift. While the continent still imports most of its photovoltaic panels from China, a wave of investment in local assembly and off-grid solutions is repositioning Africa as a solar manufacturing player.

Ghana has launched a formal process to find a majority private investor for a new national carrier, inviting strategic partners to take a controlling equity stake in an airline based at Accra’s Kotoka International Airport.

Nigeria’s Zenith Bank has officially launched its Côte d’Ivoire subsidiary in Abidjan, marking a watershed moment in the bank’s strategy to build a dominant presence across Francophone West Africa.

As Kenya fast-tracks a 2 billion dollar upgrade of JKIA and Ethiopia pushes forward with a 12.5 billion dollar mega-hub at Bishoftu, the competition to become East Africa’s dominant aviation gateway has entered a critical new phase.

From May 1, 2026, China began collecting zero tariffs on imports from 53 African nations — a sweeping policy change that could redirect billions of dollars in trade flows and reshape the continent’s relationship with the world’s second-largest economy. ## A Landmark Policy The announcement, first made by Beijing at the Forum on China-Africa Cooperation