Economy

The Director-General of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, has advised African leaders to make use of the continent’s solar resources to provide clean electricity to its people. …

Australia-Africa Chamber of Commerce (AACC) has confirmed that the inaugural Australia-Africa Business Summit will hold in May this year in Melbourne, Australia The summit, with the theme, “New Bridges, Creating …

The Nigerian delegation, led by the Minister of State for Defence, Bello Mohammed Matawalle, is actively exploring the latest security technologies at the ongoing Saudi Defence Exhibition. The event which …

Morocco and Belgium on Monday discussed ways to foster cooperation between the two countries’ armed forces, said a statement by the Royal Moroccan Armed Forces (FAR). The discussion came during …

African countries will only benefit from the African Continental Free Trade Area (AfCFTA) if the continent invests in value addition. South Africa’s President Cyril Ramaphosa wondered why Africa is still …

Egypt’s Suez Canal revenue plunged by almost half in January, a top official said, after attacks by Yemeni militants on Red Sea vessels According to a Bloomberg report, Suez Canal …

Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 …

Mozambique is celebrating the approval of a $2 billion port expansion backed by Dubai’s DP World and South Africa’s Grindrod group. The deal involved a 25-year extension of the existing …

The Democratic Republic of the Congo (the “DRC”) is poised for a significant infrastructure boost, securing a $7 billion financing package as part of a renegotiated minerals-for-infrastructure contract with China. …

At a summit on Monday, the Italian government unveiled details of a long-awaited project aimed at boosting development in Africa, hoping it will help spark economic growth that will curb …