BUSINESS

Exchange rates crucially impact the trade and economic performance of a country and often, they indirectly influence many different areas of your day-to-day life, from the cost of your groceries at the local market, to the cost of fuel, job opportunities and even the value of the money you remit.  To help you get a good deal on your next …

In May 2021, the International Energy Agency (IEA) issued a report calling for a halt to oil and gas exploration around the globe at the end of 2022. NJ Ayuk, Executive Chairman, African Energy Chamber, argues in this opinion piece that denying Africa the benefits of its oil and gas resources could hinder the continent’s development—— African countries are hardly …

Africa’s Business Heroes (ABH) Prize Competition, the flagship philanthropic program established by the Jack Ma Foundation to spotlight and support African entrepreneurs, has announced the top 20 finalists for its 2022 edition. Now in its fourth edition, ABH is a Pan-African competition that recognizes and celebrates entrepreneurial talent across the continent. It offers entrants a chance to win a share …

In November 2022, leading innovators, investors, and policymakers from around the world will gather in Cape Town, South Africa, for the 8th edition of the Africa Fintech Summit (AFTS). The summit will take place on 02-04 November 2022 at the Cape Town International Convention Centre(CTICC). With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS …

The good news is that Algeria, Egypt, and Nigeria are already supplying a good bit of the gas that Europe has been using to supplement Russian supplies. Even better, they also have enough spare capacity that their plans for raising production within the next few years are realistic.

The President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has given strong assurance to US investors that Africa is a secure, competitive and profitable market for investment. Adesina was speaking on Wednesday at the US-Africa Business Summit in Marrakech, Morocco, where he told American investors to see Africa as a logical investment destination and to engage with …

Since joining the African Development Bank (AfDB) Group as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as AfDB’s President, Dr Akinwumi Adesina, enjoined the Irish business community to invest more in Africa. …

In an exclusive interview with The African Courier, Godfrey Evurulobi, a graduate of international business from the University of Applied Sciences Cologne, narrates how he started and he talks about the nursing care sector in Germany and why his companies are currently recruiting Africans. The Nigerian-born entrepreneur also talks about his successes and challenges so far, and he gives tips to Africans planning to start a business in the country.

VivaTech is the biggest startup and tech event in Europe and is recognized worldwide as a powerful catalyst for business transformation, startup growth and innovation for the common good

NAIROBI, Kenya, 21st June 2022 -/African Media Agency(AMA)/- Graduates of the SAP Young Professionals Program are adding valuable digital skills capacity to African enterprises across the continent. According to Cathy Smith, MD SAP Africa, since the launch of the program in 2012, the support provided by graduates brings critical digital skills to African businesses to help drive greater digitalisation and …

A new report reveals signs of rebound in Ghana’s economy, but shows that COVID-19 and the Ukraine-Russia crisis will test its resilience and inclusivity. The report, Transforming Ghana, reviews the country’s development over the past ten years (2012–2021) and evaluates the African Development Bank’s contribution through its High 5 strategic priorities——— Ghana has enjoyed two decades of steady growth, but …

As the voice of the African energy sector, the African Energy Chamber strongly advocates for German-Africa partnerships, recognizing the role Germany will play in advancing energy security across the continent

Google is calling for applications for the second cohort of its Google for Startup Black Founders Fund for Africa. Following the success of the first cohort last year, Google will increase its commitment with an additional $1m in funding, and support for 10 more founders this year. This will result in a commitment of $4m to 60 eligible Black-founded startups …

Initiative to benefit 20 million African farmers, who will receive certified seed and technology to rapidly produce 38 million tons of food——— ABIDJAN, Ivory Coast, May 20, 2022/ — The African Development Bank Group’s Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. With the disruption of food supplies arising …

German investments in Africa stabilised in 2020 and 2021 after reaching a record high before the outbreak of the coronavirus pandemic in February 2020. This was revealed by the Afrika-Verein der deutschen Wirtschaft e.V., an association of German companies active in Africa, in a press statement on Chancellor Olaf Scholz’s visit to Senegal, Niger and South Africa. The investment stock …

Egypt’s Minister for International Cooperation, Dr Rania Al-Mashat has announced that Egypt will host the 8th edition of the Africa Women Innovation and Entrepreneurship Forum (AWIEF) conference and awards on 26 – 27 September in Cairo. The minister made the announcement on Tuesday, 10 May 2022 at a joint press conference held by the International Cooperation Ministry, AWIEF and the Egyptian Businessmen’s …

An international law firm is promoting Cameroon as a country offering very lucrative investment opportunities. Centurion Law Group has announced the publication of its Cameroon Africa investment Guide, showcasing a land of “a diverse population of young and old contributing to their investment opportunities and business environment”. “With one of the most urbanized populations in Western Africa, Cameroon shares a …

We are of the conviction that everyone is needed to attain the ambitious SDGs. And that the creativity, know-how, contacts and financial resources of the diaspora are necessary to achieve the SDGs in every context

ANNOUNCEMENT The extraordinary seminar programme offered by the State of Berlin on the topic of start-ups and self-employment for people with a migration background interested in starting a business begins a new round in May! For exactly 20 years, the state of Berlin has been strengthening and honouring the economic growth and cultural diversity of Berlin’s start-ups and has been running the …

The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria. This fourth round of financing of $54.8 million will benefit almost …