Ethiopia’s President Taye Atske Selassie, joined African Union (AU) Commission Chairperson Mahmoud Ali Youssouf this morning in Addis Ababa to address the inaugural Africa-China Entrepreneurs Summit (CAES). The forum brought together business leaders from across Africa and China, alongside Jiang Feng, Ambassador of China to Ethiopia and the African Union, as well as representatives of…
Assad Arabi, regional MD for Africa at TrendAI. Newly rebranded TrendAI will use South Africa as a launchpad for wider African growth, doubling local investment this year while expanding in-country data centre capacity and repositioning its business around AI security. Speaking at the company’s launch event in Cape Town last week, Assad Arabi, regional MD…
A stark warning from the World Bank has laid bare a growing crisis across Africa: economies are simply not expanding fast enough to create jobs for millions of young people entering the workforce each year. Speaking at the Spring Meetings held alongside the International Monetary Fund, World Bank Vice President Ndiamé Diop said the continent…
Dar es Salaam — CRDB Bank Group has significantly expanded its role in driving economic growth across East and Central Africa, channelling 13.7tri/- in loans and advances into key sectors including trade, manufacturing, infrastructure and Small and Medium-sized Enterprises (SMEs). This expansion reflects the Bank’s growing impact beyond traditional financial intermediation, positioning it as a…
Washington — The World Bank Group has supported new Country Partnership Frameworks (CPF) with Burkina Faso, Chad, Mali, and Niger for the 2026-2031 period. These frameworks aim to stimulate job creation, especially for youth and women, by strengthening human capital, infrastructure, and agricultural productivity, while supporting targeted reforms and private sector development. Grounded in the…
Smarter industrial policy can advance Africa’s economic transformation and create jobs WASHINGTON, April 8, 2026–Sub-Saharan Africa’s economic recovery from a decade of global shocks is showing signs of stalling, with growth projections for 2026 revised downward by 0.3 percentage points from estimates previously published in October 2025, according to the latest edition of the Africa…
The managing director and chief executive of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has disclosed that Nigeria emerged as the second-largest domestic passenger market in Africa, recording over 10.5 million passengers and a 10 per cent year-on-year growth. Kuku made this known during her closing address at the ACI Africa Regional Conference…
Lotte Rental Speeds Growth and Innovation with Multiyear Partnership with Rimini Street Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™, and the leading third-party support provider for Oracle, SAP and VMware software, today announced that Lotte Rental, South Korea’s leading car rental company, has selected Rimini Street to provide support…
For decades, Africa’s place in the global economy was framed through the lens of aid,how much was given, where it went, and whether it made a difference. That narrative is steadily shifting. Across the continent, a more self-directed model is emerging, driven by trade, domestic resource mobilization, and investment. While the transition is uneven, the…
Nairobi — The global economy is being stress-tested — not by a lack of demand or capital, but by the vulnerability of the routes that connect them. From the Strait of Hormuz to the Bab al-Mandab, a handful of narrow chokepoints carry a disproportionate share of the world’s energy, goods and trade. Today, that system…
