Ama Twum-Amoah of the African Union Commission has warned that AfCFTA cannot succeed without free movement of people. She said mobility is crucial for economic growth, innovation, and empowering women in cross-border trade.
Founded in 2014, the privately held firm is repositioning to address Africa’s growing food security pressures while capitalising on rising demand for digital infrastructure driven by cloud computing and artificial intelligence. The company has already invested about $300 million in land acquisitions and asset-backed projects across the continent, with further funding to be deployed through partnerships and public–private collaborations with African governments.
Ghana has moved to capture greater value from its gold sector by launching local refining operations for artisanal and small-scale miners.
Vice President Prof. Naana Jane Opoku-Agyemang has expressed concern over the low participation of African SMEs in export trade, noting that fewer than 20 per cent engage in cross-border business. She said financial, regulatory and structural barriers continue to limit the involvement of women and young people, slowing regional trade, industrial growth and job creation across the continent.
MPact, a major South African paper and plastics manufacturer, has announced plans to proceed with retrenchments as it contemplates closing
President John Dramani Mahama has ordered the National Investigation Bureau (NIB) to launch an immediate and comprehensive probe into claims
South Africa announced on Tuesday that it will increase the national minimum wage by 5% starting 1 March, raising the hourly rate to R30.23 ($1.89) from the previous R28.79 ($1.80).
Eurozone inflation eased to 1.7% in January, according to preliminary data released Wednesday by Eurostat. Economists surveyed had also anticipated
Nigeria is advancing its abundant natural gas resources as a key driver of Africa’s industrial development and energy transition, amid
Africa’s reliance on imported petroleum products is draining resources needed for local capacity building and industrial growth, Nigeria’s Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has said, stressing that retaining energy value within the continent could be economically transformative
