Business

Ethiopia to Build $50 Million Coffee Park to Promote Local Coffee Products

The Ethiopian government and Korea has disclosed its plan to build a coffee park as part of the national plan to promote Ethiopia’s specialty coffee products to the international community. The planned Coffee Park, which will be built jointly by...

AFDB Urges African Countries to Boost Industrial Capacity to Benefit From Free-trade Zone

In a bid for Africa to benefit from a new $3.4 trillion economic plan, president of the African Development Bank, Akinwumi Adesina, is pushing African countries to boost output of goods and services and incorporate payment systems. He said African...

Report Exposes how Mauritius’ Status as a Tax Haven Hurts Africa

Latest revelations from a report by the International Consortium of Investigative Journalists-ICIJ shows that poorest countries in Africa are losing out on millions of dollars in tax revenues from multi-national corporations and tycoons. Mauritius’ status as a tax haven is...

Africa Set to Commence Trading Under Free Trade Pact in July 2020

The African Continental Free Trade was launched yesterday at the 12th Extraordinary Summit of the African Union in Niamey, Niger. President Paul Kagame described the launch of the operational phase of the African Continental Free Trade Area as a significant...

Nigeria’s President Muhammadu Buhari Signs Africa Free Trade Agreement

President Muhammadu Buhari who is currently in Niger Republic attending African Union Summit has siganed the Africa Free tarde Agreement. President Buhari signs Agreement establishing African Continental Free Trade Area (AfCFTA) at the Opening of the 12th Extra Ordinary Session...

Benin Joins Nigeria, Agrees to Sign Africa Free Trade Agreement

The West African nation of Benin will sign its agreement to the African Continental Free Trade Area (AfCFTA), a move announced Friday that follows Nigeria’s big decision in favor of the common market earlier this week. The AU’s Commissioner for...

African Leaders Convene to Push Forward Free-Trade Deal

Officials are gathering in Niger’s capital this weekend for an African Union summit that begins the “operational phase” of a long-sought continental free trade zone. Some 50 heads of state were to arrive in Niamey on Friday, a day behind...

Africa’s Most Valuable Company ‘Naspers’ has Appointed its First Black and Female CEO

Naspers, the most valuable company in Africa, has appointed a new chief executive for its South African unit and made history in the process. Phuthi Mahanyele-Dabengwa, 48, takes on the role and becomes the company’s first female and first black...

Forbes Africa 30 under 30: These are the Nigerians on the 2019 Forbes Africa’s 30 Coveted List

The Forbes Africa ’30 Under 30′ list has finally been published and it pays homage to the continent’s most innovative and change-making youthful leaders. The Forbes Africa 30 Under 30 list for 2019 was announced yesterday at the annual Forbes...

Meet Forbes Africa’s 2019 New Class of 30 Under 30s In Business

Forbes Africa has released its fifth edition of its 30 under 30 list, honouring some of the continent's most accomplished young artists, entrepreneurs and tech stars. The popular magazine, this year, has released the names of 120 young African game-changers,...

Latest News

UN Removes Marijuana from List of Most Dangerous Drugs

The United Nation. Commission on Narcotic Drugs voted Wednesday to remove cannabis and cannabis resin from a category of the world's most dangerous drugs, which could impact the global medical marijuana industry.

Transatlantic Slave Trade: The Legacy of Brazilian Slave Merchant Francisco Félix de Souza in Benin

Francisco Félix de Souza was an Afro-Brazilian slave trader and merchant who traded in palm oil, gold and slaves in the 18th and early 19th century.

Man Named Adolf Hitler Wins Local Election in Namibia

A man called Adolf Hitler Uunona who has been elected as a local councillor for Namibia's governing Swapo party.

Ngozi Okonjo Iweala Named Forbes ‘African Of The Year’

Ngozi Okonjo-Iweala, Nigeria’s former minister of Finance and former Managing Director of the World Bank, has been named the Forbes African of the Year, 2020.

‘Black-ish’ Star Marsai Martin, Breaks Record for Youngest Hollywood Executive Producer

'Black-ish' star Marsai Martin, who's 16, has set a record for the youngest Hollywood executive producer.