Category: Business
AU, AfDB, UN Call for Action as Global Instability Hits African Markets
A joint brief by the African Union, African Development Bank, United Nations Development Programme, and…
From Power Cuts to Fuel Price Surges: Africa’s Gulf Fuel Dependence Exposes Economic Fragility
By: Staff Reporter | editor@thepointafricanews.com | Economy News | Africa MONROVIA — From electricity rationing…
Air Côte d’Ivoire Secures 35 Billion FCFA to Build Aircraft Maintenance Hub
ABIDJAN, Côte d’Ivoire — Air Côte d’Ivoire has secured 35 billion CFA francs (approximately $58…
Nigerian Banks Raise ₦4.65 Trillion in Recapitalization Drive — CBN
ABUJA, Nigeria — Nigerian banks have raised a total of ₦4.65 trillion (approximately $3–3.5 billion)…
Mozambique Clears $701M IMF Debt, but Economic Pressures Persist
MAPUTO, MOZAMBIQUE – Mozambique has fully repaid approximately $701 million owed to the International Monetary…
Sub‑Saharan Africa Shifts from External to Domestic Debt — With New Risks
Governments across sub‑Saharan Africa are increasingly moving away from external borrowing toward domestic debt, a…
Africa’s 4.3% Growth Outlook Masks Uneven Economic Reality
Africa’s economic outlook is being described as “positive” by the African Development Bank, with projections…
Ivory Coast Commits $1.1 Billion to Power Grid Overhaul Amid Rising Demand and Outages
Abidjan, Ivory Coast — Ivory Coast has announced a major 700 billion CFA franc (approximately…
Tanzania’s High‑Speed Internet Market Surges as Fiber Connectivity Expand
Dar es Salaam, Tanzania — Tanzania is witnessing a rapid expansion in high‑speed internet access as fiber‑optic…
“Open for Business, Not Exploitation”: Boakai’s Fisheries Plan Raises Big Promises — and Bigger Questions
Margibi County, Liberia — President Joseph Nyuma Boakai has launched an ambitious 10-year national fisheries…
NaFAA Signs Landmark Digital and Infrastructure Deals at #Kpongama2026
Monrovia, Liberia — The National Fisheries and Aquaculture Authority (NaFAA) has signed two major agreements…
Green Climate Fund Approves $440M for Africa as Total New Climate Financing Nears $1B
The Green Climate Fund (GCF) has approved $440 million in climate financing for Africa as…