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Latest African business news, latest breaking news from Africa.
Morocco tops investment destination in Africa for 2017
Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.
Ghana and Ivory Coast sign major agreement on Cocoa
The governments of Ghana and Cote d’Ivoire have signed a major agreement called the “Abidjan Declaration” which is to address issues within the cocoa sector in both countries.
Moody’s lists barriers to Africa’s free-trade deal
As Africa celebrates the achievement of yet another major milestone with the launch of the African Continental Free Trade Area (AfCFTA) this past week, the continent will need to improve its infrastructure and end non-tariff trade barriers to reap the maximum benefits of the agreement, global credit ratings and research firm Moody’s has said.
Louis Vuitton names Ghanaian-American as new creative boss
Virgil Abloh, the founder of streetwear brand Off-White and Kanye West's creative director, has been named the new menswear designer for French fashion label Louis Vuitton.
World bank: Laws restricting women’s economic growth still prevalent
A World Bank Group report examining laws in 173 economies finds that 90% of economies still have laws restricting women’s economic empowerment. Violence and lack of jobs are amongst the key barriers for women in developing countries.
Nigeria defends opting out of Africa trade deal
The President of Nigeria, Muhammadu Buhari has defended his country's decision not to sign the continental free trade deal just yet despite participating in earlier discussions.
Zimbabwe signs $4.2 billion mining investment deal
The government of Zimbabwe has signed a deal with Cyprus-based Karo Resources which is to invest $4.2 billion to develop a platinum mine.
Ghana scraps VAT on some 64 Commodities
There is some major relief for businesses in Ghana following the decision by the government to scrap VAT on the import of some 64 commodities.
African leaders sign deal for ‘largest’ free trade area
44 African leaders on Wednesday signed onto the world’s largest free trade area at a gathering in Rwanda with countries like Nigeria and Uganda missing out for the mean time.
Ghana: Prominent indigenous bank, uniBank declared insolvent
One of Ghana’s prominent indigenous banks, uniBank has been declared by the country’s central bank to be bankrupt exposing savings of customers to major risk.
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