Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016. This growth is witnessed due to the efforts of Gulf countries to shift their economies…
Is a common currency among Mali, Burkina Faso,…
The possibility of establishing a common currency among neighboring countries often sparks debates and discussions about the potential benefits and challenges involved. In the case of Mali, Burkina Faso, and Niger, three West African nations…
Shipping Issues In Middle East Cause Concern For…
Investors in South Africa are worried about problems in the Middle East, and it might affect how much money they can make. The Middle East has been having some tensions, like fights and issues, and…
Cooperation: The cities of N’Djamena in Chad and…
Appointed as the Minister of Telecommunications and the Digital Economy on January 3, 2024, Boukar Michel has wasted no time in making an impact. On January 7, 2024, he received a Chinese delegation from the…
Kenya Explores Innovative Financial Avenues to Settle $2bn…
As Kenya approaches the redemption deadline of its $2 billion Eurobond on June 24, the government is navigating uncharted territories to secure funds. The National Treasury, in its 2024 draft Budget Policy Statement (BPS), outlines…
Rabat’s €250M Boost: Loans and Grants for Sustainable…
Rabat has successfully concluded three loan agreements totaling 250 million euros and two grant contracts worth 7 million euros with the German Development Bank. The funds are earmarked for initiatives in social protection, sustainable mobility,…
Nigeria to Commence Gas Supply to South Africa:…
In a groundbreaking move, Riverside LNG, a Nigerian energy company, has unveiled plans to supply gas to South Africa, marking the initiation of a historic collaboration between the two nations. The announcement follows Riverside LNG's…
Africa’s Smartphone Market Thrives Against Economic Odds: A…
In a digital era where technological landscapes constantly evolve, Africa stands out as a testament to resilience and growth in the smartphone market. A recent study conducted by the esteemed global research firm Canalys paints…
Nigeria’s Energy Transformation: 1 Million Barrels Delivered to…
Shell International Trading and Shipping Company Limited (STASCO) has delivered an additional 1 million barrels of crude oil to the Dangote Oil Refining Company in Nigeria. This follows a previous shipment of one million barrels…
TotalEnergies Pledges $6 Billion In Nigeria Oil, Gas…
TotalEnergies, a French multinational integrated energy and petroleum company, has pledged $6 billion for oil and gas facilities in Nigeria, a country in West Africa. The French company reaffirmed its commitment to business interests in…
How Can Kenya, EU Economic Partnership Agreement Help…
Kenya, a country in East Africa, and the European Union (EU), a supranational political and economic union of 27 member states, have signed an Economic Partnership Agreement that aims to boost trade. The economic agreement…
Unveiling Africa’s Business Landscape: Top Opportunities in 2024
Africa, amidst its challenges, stands resilient as one of the fastest-growing emerging economies globally. The prospects for 2024 are particularly promising, with various countries, including Nigeria, South Africa, and Egypt, offering unique business opportunities and…
Explore Lowest and Highest IMF Debts in African…
In the complex landscape of global finance, African countries grapple with unique socio-economic challenges that significantly impact their journey toward sustainable development. One crucial aspect intertwined with economic stability is the management of external debt,…
The Richest Countries In Africa Based On Updated…
Africa is no stranger to political and economic instability, something that has been the root cause of extreme poverty on the continent. But African countries have a huge potential to improve their economy despite appalling…
UAE’s Masdar 10GW Growth Plan Is A Boon…
Masdar, a United Arab Emirates state-owned renewable energy company, has announced a 10GW growth plan for the African continent, which is set to unlock energy transition in six Sub-Saharan nations. Abu Dhabi Future Energy Company…
Kenya Could Get $1 Bln Loan From China,…
Kenya could get a $1 billion loan from the People’s Republic of China, which can be used to partly settle a Eurobond that is maturing next June, the governor of the central bank said on…
AFC’s Vision: Pioneering Africa’s Green Revolution
As the global call for net zero intensifies, the Africa Finance Corporation (AFC) emerges as a pivotal player in shaping Africa's unique journey towards sustainability. President and CEO Samaila Zubairu emphasizes the need for a…
Impala Platinum Halts Work At Rustenburg Mine After…
Impala Platinum, a South African holding company, has temporarily halted operations at its Rustenburg mining complex in the country after 11 workers died in a tragic accident. The Johannesburg-based platinum miner said in a statement…
Green Energy Projects: Can Africa Count On Germany…
In an effort to help Africa benefit more from its wealth of raw materials and support Europe's largest economy in its own transition to carbon neutrality, the German government on Monday pledged to invest $4.37…
