U.S. tariff pressure nudges Africa towards Asia, intra-regional trade
Post AMUGE
April 28, 2025
Onome Amuge Newly imposed tariffs by the U.S are inflicting disproportionate harm on African economies that have diligently integrated into global value chains under the established framework of a rules-based international trading system, according to analysts. However , the unilateral trade actions are prompting a reassessment of trade strategies across the continent, accelerating a pivot […]
$26bn infrastructure investment drives Africa’s mining growth
Post AMUGEApril 21, 2025
Bamidele Famoofo About $26billion injected into the mining sector by Africa and its global partners are accelerating investments in regional corridors, prioritizing port, road and rail infrastructure to enhance mining operations. As logistics infrastructure takes centre stage, key projects and regional corridor developments offer prime investment opportunities for global logistics and mining stakeholders. In February […]
3 years on: AfCFTA struggles to unlock Africa’s intra-trade potential
Post AMUGEDecember 23, 2024
Inter-African trade stands at 17%- Afreximbank Experts blame poor AfCFTA performance on divergent currencies, poor infrastructure, others ONOME AMUGE Africa, rich in resources, and brimming with a population of over 1.3 billion potential consumers, would appear to present lucrative opportunities for economic growth and development. However, intra-continental trade has remained sluggish, a glaring contrast to […]
Fitch raises concerns over African banks’ prospects for 2025
Post AMUGEDecember 17, 2024
Onome Amuge The stage is set for a challenging year ahead for African banks, as Fitch Ratings has issued a challenging financial outlook for the banking sector in its African Banks Outlook 2025 report. Fitch highlighted the vulnerability of African banks to both domestic and global economic conditions, suggesting that although many countries display solid […]
The Corporate Awards honour Africa’s top business leaders at 10th annual edition
Post AMUGEDecember 15, 2024
Onome Amuge The 10th annual edition of the prestigious Corporate Awards, a Pan-African recognition platform for excellence in business sustainability, CSR, HR policies, and governance, recently made its way to Johannesburg, South Africa for the first time ever. The event, organised by FabAfriq Media Group, marked a milestone in the corporate world, solidifying its status […]
African countries hit with 500% higher global debt costs, says AfDB
Post AMUGEDecember 2, 2024
Onome Amuge African countries are facing an overwhelming 500 percent increase in debt servicing costs when borrowing from global markets, according to the African Development Bank’s chief economist, Kevin Urama. Urama stated this during a recent African Union Extraordinary Session in Abuja, Nigeria. Urama outlined the debilitating financial stress that Africa is struggling with, stemming […]
African Sub-Sovereign government leaders, businesses meet in Kenya to discuss inclusive growth, others
Post AMUGENovember 26, 2024
Bamidele Famoofo Over 250 Sub-Sovereign government leaders from across Africa are today meeting in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provides a platform for Sub-Sovereign leaders and businesses to discuss how their local governments can attract investments […]
78% African youth identify climate change an existential threat to existence
Post AMUGENovember 20, 2024
Business a.m. A groundbreaking study, conducted by the Ichikowitz Family Foundation and presented at the ongoing COP29 conference in Baku, Azerbaijan, has revealed that 78 percent of African youth see climate change as an existential threat to their existence. Headquartered in Johannesburg, South Africa, the Ichikowitz Family Foundation is committed to unlocking the immense potential […]
Africa’s gas ambitions rise, but Future uncertain as experts discuss challenges in shifting energy landscape
Post AMUGEOctober 9, 2024
Business a.m. To succeed in the highly competitive international gas market, Africa must ensure that it provides a compelling value proposition to its stakeholders, according to experts in the energy sector. The continent’s gas investment proposition, they argue, must be relevant, future-proof, and in line with both financial and environmental sustainability needs, if it is […]
IFC invests in Equator Africa Fund I to support African climate sector tech businesses
Post AMUGEOctober 4, 2024
Busayo Samuel International Finance Corporation ( IFC) has announced an investment in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the climate sector. Equator Africa is backing early-stage, tech-enabled companies in sub-Saharan Africa, including those working on green solutions in the energy, […]