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The biggest external stress factors for founders in Africa today are raising funds, inflation and currency devaluation among other macroeconomic challenges. 

Flourish Ventures: Raising funds, inflation & currency devaluation top stressors

The International Monetary Fund says continued policy discussions with the Gambia mainly focus on the fiscal trajectory for 2024 and 2025 with the aim of maintaining fiscal responsibility. 

Will the Gambia sustain economic growth?

Cocoa farmers in Ghana will get 49,600 cedis per metric ton for their produce with immediate effect. This is due to a second increase in farmgate price by the government for the 2024/25 season to help boost farmers' incomes. 

Ghana raises cocoa farmgate price to GH₵49,600 

The latest report by the Central Bank of Nigeria Monetary Policy Committee members shows that Nigeria’s budget deficit stood at 7.6 per cent of GDP as of August 2024, beyond the approved 3.8 per cent target for the year. 

Addressing Nigeria’s rising fiscal deficit

BUA Foods has reported a 91 per cent rise in its Profit After Tax in the nine-month period ending September 2024 to 201.4 billion naira. 

BUA Foods sees 9-m profit up by 91% to ₦201.4bn 

The delay in the implementation of 150-day duty free import window is stoking concerns around recent price surge in staples such as rice as the yuletide draws near. 

Duty-free food import: Will rice price drop near-term?

The Nigerian government has set up a nine-member committee to review bilateral investment treaties and the Nigerian Investment Promotion Commission Act. 

Nigeria sets up committee to review bilateral investment treaties

Nigeria’s Minister of Solid Minerals Development, Dele Alake, says ongoing reforms in the mining sector are creating opportunities and improving the business climate and the country is open for business. 

Nigeria woos South African mining sector investors

Mike Ogbalu, the CEO of the Pan-African Payment and Settlement System says the platform is working with payment service providers, banks, and mobile network operators among others to integrate infrastructure that support innovative payment solutions.

PAPSS providing infrastructure to support innovation 

How will the introduction of Cosco shipping, Ocean Network Express, and ZIM Integrated Shipping Services at the Lagos Free Zone impact Nigeria’s blue economy and promote trade facilitation?

How Lekki corridor is boosting Nigeria’s blue economy

FBN Holdings plans to reach a capital base of about 750 billion naira by the first quarter of 2025. 

FBNH targets ₦750bn capital base by Q1’25

The British International Investment and Standard Chartered have renewed a 350-million-dollar risk participation agreement to bolster the trade finance needs of SMEs and corporates across Africa and South Asia. 

PLWA