Business

In a significant step for Africa’s food future, two of the continent’s major financial organizations have joined forces. The Bank of Agriculture (BOA) and the African Export-Import Bank (Afreximbank) have made a powerful commitment to help Nigeria’s small-scale farmers. At a recent trade meeting in Algeria, they signed an agreement to create a funding program worth up to US$1 billion. This money is meant to help farmers grow more food and sell it more easily.

The Intra-African Trade Fair (IATF 2025) is underway in Algiers, Algeria. The fair started on 4 September and will end on 10 September 2025. It is the 4th edition, bringing together all African countries in one place.

At the previous IATF 2023 held in Cairo, Rwanda faced challenges with packaging. Their products were often more expensive compared to others. This was due to Rwanda’s ban on single-use plastics, which made packaging harder to find.

A fireside chat at the Intra-African Trade Fair (IATF2025) on Saturday brought together two leading voices shaping Africa’s trade landscape; H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat, and Prof. Benedict Oramah, outgoing President and Chairman of Afreximbank.

The session, held under the theme “The First Mile to the Future: Reflections on IATF, AfCFTA, and the Power of Partnership,” explored how African partnerships, policy, and finance are driving the continent’s trade transformation.

ALGIERS - From September 4 to 10, 2025, Algiers is transforming into the central hub of African commerce, hosting the 4th Intra-African Trade Fair (IATF2025). This landmark gathering, more than just a trade event, signals Algeria’s renewed commitment to leading the continent’s economic future. It’s a statement of purpose, a bold move to leverage its historical role in Pan-Africanism to forge new economic bonds across Africa.

While the IATF 2025 spotlights Algeria’s continental ambitions, it also provides a unique stage for powerful bilateral collaborations. A prime example is the budding partnership between Algeria and Rwanda. Though separated by thousands of kilometers, these two nations are finding common ground in their shared vision for an economically integrated Africa.

In a significant step towards achieving Africa’s development goals, Alliance Bioversity International and the Government of Rwanda have strengthened their partnership through a Memorandum of Understanding (MoU) signed on August 14, 2025, in Kigali. This collaboration aims to drive progress towards the African Union’s Agenda 2063, a comprehensive plan for the continent’s socio-economic transformation.

According to Dr. Wanjiru Kamau-Rutenberg, Managing Director of of Alliance Bioversity Africa, the alliance’s work is deeply aligned with Agenda 2063 and other key African priorities, such as the Comprehensive Africa Agriculture Development Programme (CAADP).

Kigali, Rwanda from 19th - 20th May 2025, leaders and companies focused on safety met in Kigali. AfricanUpdates talked to some of them. Everyone agreed: for Africa to be safer, countries need to make more of their own security gear. They also need to use new tools and work together better.

Africa faces many tough challenges. Today, over 37 million people in Africa have fled their homes because of fighting. Millions more are displaced inside their own countries. Sudan, Congo, and the Sahel region still see lots of trouble. This shows how much more security is needed. Still, some places are quite safe. Rwanda, for example, has made big strides since its past troubles. Countries like Ghana and Botswana are also known for being peaceful.

Friday, on 9th of May 2025, in Kigali, Rwanda, the Institute of Certified Public Accountants of Rwanda (ICPAR) celebrated the launch of its new building, an event that drew attendees from across the continent who were also present for the Africa Congress of Accountants (ACOA) 2025. Against the backdrop of this milestone, a crucial question took center stage: the pivotal role of accountants in achieving Africa’s aspiration of ‘creating value for Africa,’ and the ways in which ICPAR is championing technology to realize this vision.

The bustling city of Kigali became a central point for the future of African finance as the 8th Africa Congress of Accountants (ACOA) unfolded. With a rising number of individuals pursuing higher education across Africa, the congress provided a vital platform for exhibitors to showcase innovations and build crucial connections within the accountancy sector. The growing demand for skilled financial professionals, driven by economic expansion and increasing regulatory complexity, was evident as companies presented their solutions and visions for the continent.

KIGALI, Rwanda Over 2,000 professional accountants and key stakeholders from more than 65 countries have gathered in Kigali for the 8th Africa Congress of Accountants (ACOA). The event, taking place from May 6th to 9th, 2025, at the Kigali Convention Center (KCC), is hosted by the Institute of Certified Public Accountants of Rwanda (ICPAR) in collaboration with the Pan African Federation of Accountants (PAFA). This landmark event is designed to foster connection, learning, and innovation within the accountancy ecosystem.

Landlocked countries in Africa, like Rwanda, have historically faced significant hurdles in international trade. Geographic limitations often translate to higher transportation costs, longer transit times, and reduced competitiveness in the global market. However, a new era of opportunity is dawning, fueled by the rise of Special Economic Zones (SEZs) and the implementation of the African Continental Free Trade Area (AfCFTA). These initiatives hold the promise of transforming these disadvantages into springboards for economic growth and diversification.