Economy

Ethiopian Prime Minister Abiy Ahmed, amidst the turmoil of post-conflict reconstruction, has ignited a diplomatic storm with neighboring countries over Ethiopia’s access to the Red Sea, according to a Bloomberg …

British Prime Minister Rishi Sunak has concluded his diplomatic tour of the Middle East, where he met with the leaders of Egypt, Palestine, Israel and Saudi Arabia. His visit came …

Zimbabwe’s government has set a deadline of December 2025 to phase out the use of the US dollar in the economy, but many citizens and businesses are reluctant to embrace …

Zimbabwe’s economic landscape faces potential turmoil as the nation contemplates phasing out the use of the US dollar by December 2025, a move met with skepticism by key financial stakeholders. …

The US has announced a major easing of sanctions on Venezuela’s oil sector, following a historic agreement between the government and the opposition to hold free and fair elections in …

Guinea-Bissau’s capital city, Bissau, has regained electricity after nearly two days of blackout caused by a dispute between the government and a Turkish power company. Karpowership, which operates floating power …

The Ghana Airports Company Limited (GACL) rejected corruption claims linked to its Airport City 2 Project. It emphasized legal compliance, countering accusations from Hon. Samuel Okudzeto Ablakwa and detailed the …

China’s largest private property developer, Country Garden, has failed to pay a $15 million coupon on its offshore debt, sparking fears of a massive corporate debt restructuring. The company has …

The African Development Bank (AfDB) is taking decisive action, earmarking $1.2 billion for female entrepreneurs across 32 African nations under the Affirmative Finance Action for Women in Africa (AFAWA). This …

Egypt’s central bank has imposed new restrictions on using credit cards for transactions in foreign currencies, both within the country and abroad, to curb the outflow of hard currency and …