West Africa, with about 380 million people, is the final frontier for global automakers looking to increase manufacturing capacity in a region where they currently have little presence.

The European Investment Bank (EIB), the lending arm of the European Union, and the African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, are directing €300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic.

The U.S. Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable electricity. The study will help Konexa enhance electricity distribution for residential, commercial and industrial customers in Kaduna state using U.S. technological solutions.

Africa's biggest grocery retailer, Shoprite, is exiting the continent's most populated country, Nigeria, after 15 years.

South Africa responded swiftly to the COVID-19 pandemic, but the sharp drop in activity adds to long-standing challenges and raises the urgency for structural reforms, according to a new OECD report.

Kantanka Automobile Limited has started producing smaller cars in response to public calls, a Tweet by CEO, Kwadwo Safo Jnr, has suggested.