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…
On Holding has named co-founders David Allemann and Caspar Coppetti as co-CEOs, replacing Martin Hoffmann after a five-year tenure as CEO, as the Swiss sneaker maker looks to scale globally. The leadership shakeup comes as On is preparing to enter its “next growth phase,” the company said in a statement Wednesday. On shares were down…
Dar es Salaam — STARTING May 1, 2026, China will fully implement zero-tariff treatment on 100 per cent of tariff lines for 53 African countries that have established diplomatic relations with China. This historic step is set to considerably change global trade relations. The policy tone for the country’s development under the CPC’s leadership is…
China’s decision to open its market to 53 African countries with zero tariffs starting in May 2026 is not just another trade announcement. It is a statement of intent. At a time when global trade is increasingly shaped by rivalry, protectionism and shifting alliances, Beijing is signalling that Africa remains central to its economic diplomacy….
