United Bank for Africa experienced a 20.2% rise in pre-tax profit, reaching 603.48 billion naira (about $422 million) in the first nine months of 2024. This growth was driven by strong interest income ...

In its latest report, the Mo Ibrahim Foundation reviewed governance trends in Africa from 2014 to 2023. A total of 33 countries improved, while 21 saw declines. The foundation emphasized the need for ...

In Senegal, SMEs make up 98% of the economy, yet they only access 9% of available credit, largely due to the banking sector's reluctance to lend. The African Guarantee Fund West Africa (AGF WA) has ...

Sub-Saharan Africa continues to capture investor interest, especially in mining, energy, and tech. The region’s natural resources, growing population, and digital shift fuel M&A activity, with more ...

African countries need to reform their tax systems, which currently average around 17% of GDP, according to UNECA. Key priorities include broadening the tax base and integrating the informal sector.

After focusing on North Africa since its launch in 2010, the Egyptian VC firm plans to gradually expand its operations into sub-Saharan Africa, starting with Kenya and some West African countries.

The key trends shaping Africa's commerce sector in the coming years include the rise of the mobile economy, the rapid growth of embedded finance, the widespread use of super apps, and the ...

In its updated global economic outlook, the IMF maintained its 2024 global growth forecast at 3.2%, while sub-Saharan Africa’s projection was revised down by 0.2 percentage points compared to April.

Côte d'Ivoire could increase its gold production to 100 tonnes a year by 2029, up from 51 tonnes in 2023. The country aims to achieve this goal with new mines like Lafigué. Operated by Endeavour ...

Morocco is Africa's top silver producer. This year, one of its silver mining companies expanded the Zgounder mine to boost production by at least 36% by 2023. On October 21, during overnight trading ...

Intelsat has been facing multiple issues with its satellites in recent years. These recurring failures affect millions of customers. Luxembourg-based satellite telecom provider Intelsat announced ...

While the projected tax revenues for 2024 in Côte d'Ivoire are estimated at CFA6,121.40 billion (just over $10 billion), the collection rate as of the end of September stands at 51.75% of this annual ...