Can Africa’s informal economy become the continent’s next investment frontier? {Business Africa} | Africanews
Most of Africa’s economy operates in the shadows—at least on paper. An estimated 85% of workers are active in the informal sector, conducting business beyond official systems, often through cash-based, trust-driven transactions
Nigeria, AfCFTA push Africa’s $180bn digital trade
Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, and the Secretary-General of the African Continental Free Trade Area Secretariat, Wamkele Mene, have urged African countries to accelerate trade in digitally delivered services, describing the continent’s $180bn digital economy as a major untapped opportunity for growth, investment and economic integration
How Côte d’Ivoire became Africa’s new banking battleground – Businessday NG
Côte d’Ivoire is hardly the obvious place to find Africa’s next banking boom
Africa’s banking giants are converging on Kenya as battle for East Africa intensifies
The latest move comes from South Africa’s Absa Group, which plans to spend about $238 million to increase its stake in Absa Bank Kenya from 68.5% to as much as 85%, deepening its commitment to one of East Africa’s most profitable banking markets
Major bank in Africa’s second-richest country rolls out $1 billion to support trade finance across Africa over the next 4 years
Mauritius Commercial Bank has committed $1 billion to support trade finance across Africa, strengthening the island nation’s position as one of the continent’s most influential financial centres
NECA unveils Africa’s first ESG implementation guide for MSMEs
NECA unveils Africa’s first ESG implementation guide for MSMEs June 30, 2026 7:48 pm
Africa’s richest man regains the billions he lost after Nigeria’s largest market dip this year
According to the most recent Bloomberg rankings, Dangote’s fortune is now $36.5 billion, up $5.40 million from his previous value and a remarkable $6.55 billion year-to-date gain
East Africa’s second-largest economy turns to Russia for $2 billion in investment deals after fallout with the US and EU
President Samia Suluhu Hassan travelled to Russia for the first state visit by a Tanzanian leader in 57 years as the government sought to broaden its international partnerships following strained relations with Western partners after the disputed October 2025 election
How Africa’s top 3 economies compare to Elon Musk’s $1.1 trillion wealth
The milestone has sparked fresh comparisons between the scale of private wealth accumulation and the size of national economies, particularly in Africa, where even the continent’s largest economies remain significantly smaller than Musk’s personal fortune
South Africa’s economic recovery might be delayed, but not derailed
South Africa entered 2026 on a firmer macroeconomic footing than last year: Economic growth expanded modestly through 2025; inflation moved closer to the new target of 3% set by the South African Reserve Bank (SARB); and reform momentum, particularly in electricity and logistics, began to stabilize business conditions and improve confidence in the economy’s medium-term…