Latest

Business

Africa's Bandwidth and Cloud Services Group (BCS) Completes Deepest Inland Submarine Cable in the World

BCS Group’s Lake Tanganyika submarine cable spans 400 kilometers, reaching depths of 800 to 1,300 meters. This groundbreaking project enhances connectivity across the Democratic Republic of Congo (DRC) and surrounding regions, bringing affordable, high-speed internet to 7 million people in South Kivu province and 3.7 million people in the Lake Tanganyika region.

Wallstreet AfricaMarch 06, 2025

South Africa Needs Urgent Reforms to Spur Inclusive Growth - World Bank

The study comes amid a shifting political landscape following the May 2024 elections, which the World Bank sees as an opportunity for South Africa to implement decisive economic reforms.

Wallstreet AfricaMarch 03, 2025

Ship Resumption in Suez Canal Signals Recovery After Red Sea Ceasefire

The resurgence in canal usage comes after months of disruption caused by Iran-backed Houthi rebels in Yemen, who had targeted ships in the Red Sea in solidarity with Hamas.

Wallstreet AfricaFebruary 27, 2025

DRC Halts Cobalt Exports for 4 Months to Tackle Oversupply and Stabilize Prices

The DRC, also the world’s second-largest copper producer, has been monitoring market dynamics for a year.

Wallstreet AfricaFebruary 26, 2025

Kenya Plans New Eurobond Issuance to Refinance $900 Million Debt Amid High Financial Strain

The buyback offer for the 2027 Eurobonds is priced at $1,002.50 per $1,000 of principal.

Wallstreet AfricaFebruary 25, 2025

Nigeria's Central Bank Retains Monetary Policy Rate at 27.50%

The MPC expressed satisfaction with recent macroeconomic developments, particularly the stability in the foreign exchange market and the gradual appreciation of the exchange rate.

Wallstreet AfricaFebruary 21, 2025

Ethiopia and Kenya Challenge Colombia in Global Flower Trade

According to IATA Economics, the global air-transported flower trade has grown from $852 million in 2003 to $3.7 billion in 2024, with African exporters playing a bigger role.

Wallstreet AfricaFebruary 19, 2025

Africa’s economy to grow by 4.1% in 2025

Africa will continue to be the world’s second-fastest-growing region after Asia, and 12 African countries will be among the world's top 20 fastest-growing economies

Wallstreet AfricaFebruary 19, 2025

Dangote's $400 Million Investment to Expand Ethiopia Cement Plant

Dangote also revealed plans to establish a new greenfield cement grinding unit with a capacity of 3 million tons per annum.

Wallstreet AfricaFebruary 17, 2025

Africa Launches Own Credit Rating Agency to Combat Bias

With only two African countries currently rated as investment-grade, the new agency aims to provide a fairer assessment of Africa’s economic potential.

Wallstreet AfricaFebruary 14, 2025

Mali Government and Barrick Gold Talks Suspended Over Gold Mine Dispute, Bloomberg Reports

Mali is demanding a one-time payment of 125 billion CFA francs ($197 million) from Barrick, the Canadian mining giant, as part of the resolution.

Wallstreet AfricaFebruary 12, 2025

Egypt’s Inflation Holds Steady in January Amid Persistent Price Pressures

Despite the marginal slowdown, monthly inflation surged to 1.5% from 0.2% in the previous month, signaling ongoing price pressures in the economy.

Wallstreet AfricaFebruary 10, 2025

Angolan Stock Exchange Appoints President’s Daughter Cristina Dias Lourenco as Interim CEO

Cristina Dias Lourenco, the daughter of Angola’s President, has been appointed as the interim CEO of the country’s stock exchange, Bodiva.

Wallstreet AfricaFebruary 08, 2025

Africa’s Media and Advertising Total Value Projected to Exceed $20 Billion by 2028

While traditional broadcast TV advertising is slowing globally, Africa’s advertising landscape is evolving rapidly.

Wallstreet AfricaFebruary 03, 2025

African Airlines Achieve Record Passenger Load Factors in 2024, Though Still Lag Behind Global Peers – IATA

African airlines made significant strides in 2024, achieving a record-high passenger load factor of 74.5%, according to the International Air Transport Association (IATA).

Wallstreet AfricaJanuary 31, 2025

Uganda, South Sudan Secure $260M for Power Transmission Line

Uganda is set to construct a 300-kilometer power transmission line to export electricity to South Sudan, supported by a $260 million funding package primarily from the African Development Bank (AfDB).

Wallstreet AfricaJanuary 31, 2025

Kenya Airways and Air India announce New Codeshare Partnership

The partnership also enables Kenya Airways to place its ‘KQ’ code on Air India’s flights between Delhi and Nairobi, providing African passengers with enhanced access to Delhi via Nairobi.

Wallstreet AfricaJanuary 31, 2025

Ghana Negotiates $2.7 Billion Loan Restructuring as Part of IMF Debt Overhaul

The restructuring efforts come as Ghana’s new President, John Mahama, seeks to address the economic challenges inherited from his predecessor, Nana Akufo-Addo.

Wallstreet AfricaJanuary 30, 2025

Diageo plc sells its 80.4% shareholding in Guinness Ghana Breweries to Castel Group for $81 million

Diageo will retain ownership of the Guinness brand, and other Diageo brands currently produced by Guinness Ghana, which will be licensed to Guinness Ghana under a new long-term license and royalty agreement.

Wallstreet AfricaJanuary 28, 2025

Page 1 of 1

What's happening in Lagos

Best performing stocks in Kenya

Current news in Cape Town

We are always improving our AI to serve you better news and stocks

Report Issue

Unlock Market Insights Like Never Before

Access exclusive news, expert analysis, and tools designed to give investors an edge.

Stay tuned

African Market Indices

Track key African stock exchanges and indices, from Johannesburg to Nairobi and Lagos.

Local and Global Insights

Unique perspective with a blend of local and global news and analysis, tailored for African investors.

Real-Time Economic Indicators

Monitor inflation, currency movements, and other key economic indicators for African countries.

Interactive Data for Local Markets

Visualize trends and compare markets across Africa with interactive charts and tools.