Business and Finance

The 2025 U.S.-Africa Business Summit in Luanda provided a remarkable platform for transformative dialogue and strategic engagements that are poised to redefine economic partnerships between the United States and Africa. This gathering was nothing short of historic, as it brought together an unprecedented number of Heads of State and Government. Twelve leaders—among them Presidents and Prime Ministers from various African nations—graced the summit, amplifying its significance. This summit wasn’t just marked by the…

The 2025 U.S.-Africa Business Summit, held in Luanda, served as a pivotal platform to unveil ambitious initiatives, with a staggering $2.5 billion earmarked for projects across Angola, the Democratic Republic of the Congo, Ethiopia, Sierra Leone, and Rwanda. In a post-summit statement, the State Department articulated that this monumental gathering aimed not only to cement key agreements but also to foster an environment conducive to enhancing U.S. exports and investments in Africa. The overarching goal? To champion mutual…

In the throbbing heart of Africa's economic evolution lies the African Continental Free Trade Area (AfCFTA), a monumental venture aiming to redefine the continent’s trade dynamics. Yet, as with any ambitious initiative, the path forward is strewn with both opportunities and obstacles. Among these challenges, the security of ports emerges as a critical focal point, given that a staggering 80% of Africa's trade transits by sea. How can nations truly thrive if the vessels carrying their dreams are vulnerable to theft and…

In a bold bid to redefine leadership in Namibia, President Netumbo Nandi-Ndaitwah has embarked on a significant governmental overhaul. With a keen eye on efficiency, she has streamlined her Cabinet to just 14 ministries, making a commendable effort to highlight gender diversity within her administration. Her appointments reflect a commitment not only to a broad representation of women but also to results-driven governance. Yet, as the initial excitement of her first 100 days begins to settle, experts caution that the focus…

The Nigerian Medical Association (NMA) finds itself at a critical juncture, issuing a 21-day ultimatum aimed squarely at the federal government. The stakes are high, as the association threatens nationwide industrial action unless urgent attention is paid to pressing issues surrounding salaries, allowances, and overall welfare. When medical professionals raise their voices in unison, it is not just a flurry of words; it's a call for action that demands to be heard. Bala Audu, President of the NMA, recently expressed…

Namibia has officially embarked on a pivotal journey by launching its participation in the African Continental Free Trade Agreement (AfCFTA). This significant milestone is the culmination of years of commitment and strategic planning, marking a promising chapter for the nation within the broader African trade landscape. As one of the earliest ratifiers of AfCFTA, Namibia has set a precedent. The government's proactive approach culminated in the gazetting of its tariff offer in December 2024, a critical step designed to…

In The Gambia, the livelihoods of countless fishermen have plummeted into a crisis that deepens daily. The declining fish stocks have painted a bleak picture, exacerbated by soaring fuel prices and the relentless presence of foreign trawlers stripping the waters of vital marine life. Fish such as sardines and bonga, once abundant and processed in local factories, have seen their fate redirected to European and Chinese markets, primarily for aquaculture feeding. This shift threatens not only local economies but also the…

In a significant move poised to reshape Nigeria's financial landscape, Bola Tinubu has recently ratified four pivotal pieces of legislation aimed at overhauling the country’s tax framework. These reforms are not mere bureaucratic adjustments; they are fundamental shifts intended to streamline revenue collection processes, alleviate the tax burden on select individuals and enterprises, and ultimately boost fiscal resources for government initiatives. The quartet of bills, comprising the Nigeria Tax Bill, the Nigerian Tax…

Yesterday, Windhoek was abuzz with excitement as the second edition of the Global African Hydrogen Summit was officially announced. Scheduled for 9 to 11 September 2025, this international gathering will unfold under the ambitious theme: “Ambition in Action: Fuelling Africa's Green Industrial Revolution.” This summit not only aims to showcase innovative energy solutions but also seeks to reposition Africa at the forefront of the global energy transition. But why hydrogen? Amidst the escalating concerns over climate change…

On June 24, 2025, Namibia took center stage at the "Invest in Namibia" Forum, held in the vibrant city of Luanda, Angola. This esteemed gathering was part of the 17th USA-Africa Business Summit, a platform designed to foster dialogue and collaboration between the two regions. Her Excellency President Dr. Netumbo Nandi-Ndaitwah delivered an inspiring keynote address, meticulously outlining Namibia's strategic vision for the future. As she spoke, attendees couldn’t help but feel a palpable sense of enthusiasm. President…