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African Business News
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Enugu approves construction of 19,000 homes across two housing projects
The Enugu State Government has approved the construction of 19,000 homes across two major housing projects aimed at addressing the state's housing deficit and reducing the cost of housing. The post Enugu approves construction of 19,000 home…
Ato Forson to unveil gov’t’s new economic strategy in Mid-Year Budget Review
Finance Minister Dr Cassiel Ato Forson is expected to unveil the government’s much-anticipated New Economic Policy when he presents the 2026 Mid-Year Budget Review to Parliament on Thursday, July 23.…
MPC meets as inflation, cedi stability and global risks dominate agenda
The Monetary Policy Committee (MPC) of the Bank of Ghana begins its three-day meeting today to assess developments in the economy over the past two months, with inflation, external risks and the recent stability of the cedi expected to domi…
Nigeria-Morocco gas pipeline: ECOWAS backs $25 billion project with new agreement
The Economic Community of West African States (ECOWAS) has taken a major step toward the implementation of the $25 billion Nigeria-Morocco Gas Pipeline, with member states signing an intergovernmental agreement backing the landmark regional…
2027: APC begins uploading of gov’ship candidates’ particulars on INEC portal
The All Progressives Congress (APC) has begun uploading of its 28 governorship and 993 State Houses of Assembly candidates’ names read more 2027: APC begins uploading of gov’ship candidates’ particulars on INEC portal…
ECOWAS must speak with one voice against Xenophobic attacks in South Africa— Tinubu
President Bola Tinubu has called on African leaders to adopt a united position against the recent wave of xenophobic attacks in South Africa, describing the incidents as unacceptable and contrary to the ideals of African solidarity. The pos…
Senegal’s President Bassirou Faye elected ECOWAS Chairman
Senegal’s President, Bassirou Diomaye Faye, has been elected Chairman of the Economic Community of West African States (ECOWAS), succeeding Sierra Leone’s President Julius Maada Bio. The post Senegal’s President Bassirou Faye elected ECOWAS…
OmniBSIC Bank offers lowest household loan rate in May – BoG APR data
OmniBSIC Bank offered the lowest interest rate on household loans in May 2026, according to the latest Annualised Percentage Rate (APR) data released by the Bank of Ghana on July 17.…
AI productivity revolution faces privacy test as digital assistants become more personal
Artificial Intelligence(AI) systems capable of understanding users’ calendars, emails, documents and financial records are transforming workplace productivity by proactively managing read more AI productivity revolution faces privacy test a…
WORLD IN BRIEF: ECOWAS backs Nigeria-Morocco pipeline,US-Iran conflict claims US soldier life, Uganda halts school trips and other stories
US soldier killed in Iraq as Iran, US exchange fresh attacks A US service member has been killed and another read more WORLD IN BRIEF: ECOWAS backs Nigeria-Morocco pipeline,US-Iran conflict claims US soldier life, Uganda halts school trips …
FG to raise N729bn bond to clear power sector debts, restore liquidity
The Federal Government is set to raise about N729 billion through a second bond issuance to settle verified legacy debts read more FG to raise N729bn bond to clear power sector debts, restore liquidity …
Ghana opens bidding for 5G licenses after revoking Ambani-backed deal
Ghana has invited companies to bid for fresh 5G spectrum licenses, stepping up efforts to accelerate ultra-fast broadband rollout and read more Ghana opens bidding for 5G licenses after revoking Ambani-backed deal…
Meta, Anthropic in talks for potential $10bn compute lease deal, source says
Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter.…
Samsung cuts US jobs, offers relocations ahead of HQ move
Samsung Electronics has cut jobs at its U.S. display, phone and other consumer electronics operations — affecting workers mainly in New Jersey and Texas, according to documents and two people familiar with the matter.…
Users of Meta’s Facebook, Instagram report suffering some outages
Meta's Instagram and Facebook social networks appeared to suffer some outages on Sunday, with users reporting issues with the app and website. Here are the details:…
US judge won’t block Meta from laying off workers who filed AI discrimination lawsuit
A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were targeted for job cuts by the company's AI-powered tools because they have disabili…
Musk’s X, major labels end dispute over music on social-media platform
A group of major music publishers, including Universal Music Group and Sony Music, have agreed to end a legal dispute with Elon Musk's X Corp over the use of their music on the X social-media platform, according to federal court filings.…
NRS sets July 31 deadline for large taxpayers’ e-invoicing adoption
The NRS has directed all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System (EFS) on or before July 31, 2026. The post NRS sets July 31 deadline for large taxpayers’ e-invoicing adoption appeared first on N…
Court shields KTDA from corruption probe over tea factory loans
KTDA is owned by more than 600,000 smallholder tea farmers across 16 tea-growing counties.…
CBK and Supreme Court differ over bank loan rates
CBK Governor Kamau Thugge told bankers that monetary policy decisions are independent and...…
Why trio in cannabis trafficking case lost six vehicles to State
The vehicles that were ultimately forfeited were a Toyota Prado, Toyota Fielder, Toyota Rumion,...…
Aliko Dangote the global player
While the world has been obsessing over his oil, Dangote has quietly been cornering another...…
Sustainability performance should be assessed within business context
Organisations should evaluate whether sustainability actions have contributed to short-...…
Africa health integrating could save many lives
Integration will shape the next chapter of health reform across Africa and evidence shows this...…
Why inequality, not growth, is Kenya’s biggest challenge yet
According to Marx, capitalism thrives on this imbalance. Workers create value through their...…
Africa contributes over 40pc of Kenya's export earnings in new trade shift
Uganda remained Kenya's biggest export destination in Africa after purchases climbed 27.9...…
Treasury bill rates rise above 9pc as US renews Iran strikes
Analysts had expected interest rates to start coming down after the US and Iran agreed an...…
Nairobi signals parking fee hike to at least Sh535
City Hall previously proposed charging hourly parking rates to motorists in 2021 but did not...…
Kenya should consider more options in the nuclear tech market
What’s more, how will the triumvirate of the United States, China and South Korea work?…
Smartphone sales slump to decade-low on AI memory chip crunch
Most smartphones rely on dynamic random-access memory (DRAM) and NAND flash memory chips.…
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