Business in africa news

Here are some recent business news stories from Africa:

Economic News

  1. Africa's economic growth slows down: The African Development Bank (AfDB) has revised its economic growth forecast for 2023, citing a slowdown in growth due to global economic challenges and the ongoing COVID-19 pandemic. (Source: Bloomberg)
  2. South Africa's economy contracts: South Africa's economy contracted by 0.7% in the fourth quarter of 2022, according to data released by the country's statistics agency. (Source: Reuters)
  3. Nigeria's economy grows: Nigeria's economy grew by 3.1% in the fourth quarter of 2022, driven by a rebound in the oil sector. (Source: Premium Times)

Investment News

  1. Google invests in African startups: Google has announced a $50 million investment in African startups through its Google for Startups Accelerator program. (Source: TechCrunch)
  2. Facebook invests in African digital payments: Facebook has announced a $10 million investment in African digital payments company, MFS Africa. (Source: VentureBeat)
  3. Chinese investors eye African infrastructure: Chinese investors are increasingly looking to invest in African infrastructure projects, with a focus on transportation and energy sectors. (Source: Bloomberg)

Company News

  1. MTN Group acquires majority stake in Jumia: MTN Group has acquired a majority stake in African e-commerce company, Jumia, for $55 million. (Source: Business Insider)
  2. Shoprite exits Nigeria: South African retailer, Shoprite, has announced its decision to exit the Nigerian market due to declining sales and profitability. (Source: Reuters)
  3. Dangote Cement expands operations: Nigerian cement company, Dangote Cement, has announced plans to expand its operations in Africa, with a focus on Ghana, Senegal, and Côte d'Ivoire. (Source: AllAfrica)

Industry News

  1. African fintech sector grows: The African fintech sector has seen significant growth in recent years, with a focus on mobile payments and digital lending. (Source: Quartz)
  2. African energy sector faces challenges: The African energy sector is facing challenges, including a lack of infrastructure and high costs, which are hindering the development of renewable energy projects. (Source: Energy Monitor)
  3. African agriculture sector needs investment: The African agriculture sector needs significant investment to improve productivity and food security, according to a report by the African Development Bank. (Source: AllAfrica)

These are just a few examples of recent business news stories from Africa. I hope you find them helpful!