BUSINESS

ABIDJAN, Ivory Coast, April 25, 2022/ — The President of the African Development Bank Group (AfDB), Dr Akinwumi Adesina, concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust …

Google’s subsea cable, Equiano, has landed in Lagos, Nigeria. The cable, named after Olaudah Equiano, Nigerian-born writer and abolitionist who was enslaved as a boy, connects Africa with Europe. It runs from Portugal along Africa’s west coast and will reach South Africa, with branching units along the way that can be used to extend connectivity to additional African countries. The …

"Look at Mozambique, it can go from zero to the third largest gas producer in the world. Senegal, with 150 trillion cubic feet of gas around there. Why bank our futures on technologies that are not proven and do not exist?"

Angola aims to increase energy generated from renewable sources and attract greater FDI from the EU and international financial institutions, writes Verner Ayukegba, Senior Vice-President of the African Energy Chamber——— The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to …

PRESS RELEASE: With over 600 million people without access to electricity, Africa cannot and should not leave its oil and gas resources in the ground says the African Energy Chamber ——- While Western nations are calling for the abrupt end to fossil fuel utilization in Africa, countries such as the UK and Norway continue to hold licensing rounds intended to …

“Receiving the highest recognition on the continent from an authoritative institution such as Global Finance is a great honour and an affirmation of the hard work that each of our colleagues across the continent contributes daily”

Launched in 2014, the Choiseul 100 Africa is an annual study conducted independently by the Institut Choiseul that identifies and ranks the 100 young African leaders aged 40 and below who are playing or expected to play an important role in Africa’s development

The cost of fuel has risen sharply, with the price of crude oil hitting a 14-year high in recent weeks, sparking concerns around the world as countries worry about their ability to meet their energy needs. What about Africa? Experts ponder on the way forward for the continent JOHANNESBURG, South Africa, March 31, 2022/ — Energy experts say the growing …

ABH annually awards 10 outstanding entrepreneurs from across Africa with a share of a US$1.5 million grant

Black founders in Europe disproportionately lack access to the networks and capital needed to grow their businesses. In 2020, with less than 0.5% of venture capital (VC) funding going to Black-led startups

Currently, Russia supplies about a third of Europe’s crude oil imports and nearly half of its natural gas, some 150 to 190 billion cubic meters of gas per year. With concerted effort, Africa can help Europe overcome its dependence on Russian gas, argues NJ Ayuk, Executive Chairman, African Energy Chamber

AfricaTech Awards to spotlight the next generation of African innovators by recognizing cutting-edge solutions in the climate tech, health tech and fintech sectors — PARIS, France, 8 March 2022 -/African Media Agency (AMA)/- Viva Technology and the International Finance Corporation (IFC) today announced a call for applications for the first edition of the AfricaTech Awards, a pan-African initiative developed to …

Microsoft has announced new initiatives to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s startup ecosystem over the next five years. The company’s recently launched global Founders Hub will now be available to African startups through the Africa Transformation Office (ATO). The Founders Hub is a self-service hub that provides startups with a wide range of …

AFRIKA KOMMT! – a further training programme for young African executives – brings together the most visionary young leaders from Africa and leading German companies. Companies benefit from the expertise, knowledge, local network and unique African perspective of the young professionals. The African fellows dive deep into the German corporate specifics, German business spirit and the German culture. The programme …

Verner Ayukegba, Senior Vice-President of the African Energy Chamber, reveals Top Four Sectors for FDI in Angola ———- Over the course of 2022-2023 Angola aims to consolidate its post COVID-19 economic recovery agenda on the back of stronger oil and gas prices. Given the landmark USD$100 per barrel price threshold being exceeded, analysts are projecting an upbeat economic outlook for …

The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday ABIDJAN, Ivory Coast, March 1, 2022/ — United States Congressman Gregory Meeks has warned that the United States would only be part of the future if it invests in Africa now. The congressman …

Centurion International AG has listed on the Open Market of the Düsseldorf Stock Exchange, marking a historic moment for the firm as it moves to enhance international investment and collaboration within Africa’s diverse economy. With the listing, the pan-African firm will now be owned by employees and the public. The energy advisory and legal services company provides a gateway for …

Africa is a huge market of the future! More and more German companies are becoming active in African countries. But how do they acquire the necessary know-how to successfully do business in the African market? That is exactly the focus of the 7th German-African Business Forum NRW, holding virtually on 16 February 2022. Under the motto “Africa Business 2022: global …

Start-up funding in Africa topped $1.2 billion in 2020 – a six-fold increase in five years, but still less than 1% of the value that US start-ups raised. The continent’s research and development (R&D) investment is only a quarter of the global averageAfrica is trailing behind the world in developing a knowledge-based, digital economyGovernments can change this by fuelling tech …

The German Development Cooperation here in Abuja, Nigeria, has a field of action called Business Ideas for Development. Their main aim is to support Nigerian professionals in Germany who are interested in starting a business in Nigeria