Business

Namibia’s recent salmon venture signals Africa’s push into ‘luxury’ aquaculture, with local investors, backed by Norway, China, and South Africa, eyeing a stake in the booming US$30 billion global salmon market. SPECIAL REPORT | BIRD AGENCY | The Atlantic breeze brushes against the fishing boats that bob at the docks …

Lagos, Nigeria | THE INDEPENDENT & AGENCIES | Prateek Suri, the dynamic founder and CEO of Maser Group and MDR Investments, has officially joined Africa’s top 20 billionaires, with a net worth of $1.4 billion, according to the latest CEO Today Billionaire’s List: Africa’s Richest People in 2025. This prestigious …

  Kampala, Uganda | THE INDEPENDENT | At the close of the first quarter of 2025, Africa’s economic landscape continues to be shaped by bold entrepreneurship, strategic investments, and a growing focus on regional integration. Despite global economic headwinds and shifting trade dynamics, a select group of billionaires is not only …

The company hopes to increase tablet production from 1.4bn to 2.4bn annually Kampala, Uganda | THE INDEPENDENT | Uganda’s largest pharmaceutical manufacturer, Quality Chemical Industries Ltd (QCIL), has secured a US$36 million (Shs133 billion) financing facility from Stanbic Bank Uganda to construct a second production facility, capitalising on a strong financial …

KAMPALA, UGANDA | THE INDEPENDENT | As the new school term gains momentum, Housing Finance Bank is offering timely support to parents, guardians, and school administrators with tailored financial solutions designed to ease the expenses of the back-to-school season. From tuition to uniforms and school supplies, starting a new term often …

On the payments front, the Pan-African Payments and Settlement System (PAPSS) continues to gain traction, with KCB Group in Kenya and Bank of Kigali in Rwanda integrating the platform ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has posted a net income of US$215 million for the first …

Kampala, Uganda | THE INDEPENDENT | The government has shifted the timelines for the possible flow of oil and gas being developed in the Albertine Graben. The timelines have been shifting due to a delay in putting in key infrastructure like the refinery and the East African crude oil pipeline, …

Nairobi, Kenya | AGENCIES | As Uganda Airlines finally launched their much delayed flights to the UK – notably not to London Heathrow, Britain’s primary aviation hub – but to Gatwick, which is clearly a secondary choice prompted by the long delays, has Kenya Airways promptly reacted to the change in …

The facility could serve as a model for other similar transactions on the continent Nairobi, Kenya | JOHN BASQUILL | Standard Chartered has agreed a US$100mn facility with British International Investment (BII) to extend trade finance across key sectors of the East African economy, with a focus on economic empowerment for women. …

  Abidjan, Ivory Coast | THE INDEPENDENT |  As the United States imposes higher tariffs with global ramifications, African Development Bank Group (AFDB) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. …