Sudan’s Central Bank Floats Currency
Sudan’s Central Bank said Sunday it had floated the currency as a measure to help stabilize the country’s battered economy. The US dollar had been...
Category : ECONOMY
Minimum-wage Workers and Activists say $15 an Hour is a Moral and Economic Imperative
Demonstrators participate in a protest outside of McDonald’s corporate headquarters on January 15, 2021, in Chicago, Illinois. Scott Olson/Getty Images President Biden reiterated his support...
LISTEN | PRINT By Philippe RATER (AFP) Feb 13, 2021 in World At the initiative of Britain, which boasts of having an effective vaccination program, the...
UN, AU Chiefs Commend Somalia For Progress in Stabilization Efforts
FILE PHOTO: United Nations Secretary-General Antonio Guterres (R, Front) and African Union (AU) Commission Chairperson Moussa Faki Mahamat (L, Front) attend a joint press conference...
Ignazio Cassis in Algeria: Political Meetings and Economic Exchange
– Federal Councillor Ignazio Cassis began his Africa trip with an official visit to Algeria from 7 to 9 February 2021. He was received by Prime...
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...
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...