Africa’s Creaking Infrastructure Needs Big Deals
Woefully inadequate infrastructure that may be the single biggest threat to Africa’s long-term growth, also represents a huge opportunity for investors to finance bridges, roads...
Category : ECONOMY
Economists Believe U.S. can Afford $1.9 trillion Stimulus bill
The Biden Administration has proposed a $1.9 trillion stimulus package, and for roughly two weeks, leaders on both sides of the aisle are debating whether...
2021 Needs to be Africa’s ‘Focus on the Money’ Year
Amid all the distress of the Covid-19 pandemic in 2020, progress on the African Continental Free Trade Agreement (AfCFTA) has been a bright light. The...
N15bn Property Sale to Recapitalize – Niger Insurance
Nigeria : The Managing Director, Mr Edwin Egbiti, spoke during the company’s 2019 annual general meeting which was held virtually in Lagos recently. Niger Insurance...
Africa – China’s Debt Relief Not Visible in 2021
China last month joined other members of the G20 in agreeing to suspend interest payments on all loans owed by dozens of low-income countries, in...
Sub-Saharan Africa has been Named Riskiest Region in the World for Business-duplicate-1
Sub-Saharan Africa has been named riskiest region in the world for business and investors due to militant violence and abuses by security forces, according to...
Mauritius and Morocco Join African Development Bank
The African Development Bank announced the addition of two new countries – Mauritius and Morocco – to its Bloomberg African Bond Indices (ABABI), marking a...
Algeria, Spain vow new impetus to economic ties
The economic issues dominated the visit of Spanish Prime Minister Mariano Rajoy Brey to Algeria, as the two nations vowed on Tuesday to give their...
Rwanda, Netherlands pledge to bolster economic ties
Rwanda and the Kingdom of The Netherlands have pledged to maintain strong ties with emphasis on investment, officials from both countries have said. They were speaking...
Mozambique to Continue Importing Wheat Due to Food Deficit
The Mozambican government will continue importing wheat and other items, aimed at fighting food deficit, the country’s Agriculture and Food Security Minister Jose Pacheco said...
China Seeks More Crude Oil Imports From Nigeria
China has said it seeks more crude oil exports from Nigeria in spite of the recent changes in oil prices. Economic and Commercial Counsellor of...
Record High Price For Maize Crop in Malawi, Southern Africa
IN PHOTOS About 14 million people face hunger in southern Africa because of a drought that has been exacerbated by an El Nino weather pattern,...
Why Kenya Could Be Site of WTO History
BY FRANKLINE SUNDAY For 14 years now, the world has been trying to sign a deal that will balance the scales between rich and poor...
Egypt’s Industrial Sector Struggles With Growing Chinese Presence
Chinese goods, especially traditional handicrafts, have invaded the Egyptian market. In this regard, Atef Yaacoub, head of Egypt’s Consumer Protection Agency, stressed in March 2013 the need to...
African Ministers Appeal to India For ‘Make in Africa’ Programme
Stating that the Indian Ocean not only separates India and South Africa but also connects them, Foreign Ministers of South Africa Maite Nkoana-Mashabane added that...
Morocco-UAE’s Joint Communique Hails Bilateral Relations
Rabat – Morocco and the UAE reiterated on Tuesday their commitment and determination to sustain the momentum of their bilateral relationships and strengthen them to...
Zambia’s Plan to Revamp Its Flailing Economy? Divine Intervention.
When Zambia’s currency dropped to an all-time low last month, earning itself the bottom-ranking slot on Bloomberg’s scale, President Edgar Lungu came up with a...
India-Africa Forum Summit: A New Twist to Modi’s Foreign Policy?
India’s trade with Africa has increased from $39 billion in 2009-10 to $71.4 billion in 2014-15, with the surge in exports. On the other hand,...
Ethiopia is Facing its Worst Drought in 30 years. Can The Government Stop Famine This Time?
Farmers in North Wollo, the most drought-sensitive area of the country, say their crops have failed. Arron Reza MeratGlobalPost NORTH WOLLO, Ethiopia — For decades past, poor...
South Africa’s Rand Slips, Stocks To Open Higher
South Africa’s rand on Friday ended a recent rally after stronger-than-expected U.S. inflation data lifted the dollar, while stocks were expected to open higher. By...