Economy

NEXIM’s Bello exposes West Africa’s low cocoa profits at a briefing for ICCF 2024, advocating for increased investment and value addition.

The US dollar is losing its appeal as the Federal Reserve prepares to slash interest rates in the face of a slowing economy and rising inflation.   The greenback has …

Angola, one of Africa’s largest oil producers, has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC) after a dispute over its output quota. The move could …

Egypt has raised $800 million from selling a stake in seven of its most iconic hotels to a local real estate developer, as part of a wider plan to privatize …

Ms. Yan Yuqing, China’s Consul General in Lagos, discusses enhancing Nigeria-China trade and diplomatic ties in a recent interview.

The long-standing conflict over the Grand Ethiopian Renaissance Dam (GERD) has reached a new impasse, as Egypt announced on Tuesday that the latest round of negotiations with Ethiopia and Sudan …

Kenya has signed a historic trade deal with the European Union (EU) that will grant its exports duty-free and quota-free access to the bloc, officials announced on Monday.   The …

Sudan is on the brink of a humanitarian catastrophe as the war between the army and the Rapid Support Forces (RSF) continues to escalate, the United Nations warned on Friday. …

Africa is losing a staggering $90 billion every year to illicit financial flows, according to a top official of the African Development Bank (AfDB). This amount is more than the …

Somalia has achieved a landmark debt cancellation deal with international lenders, paving the way for the war-torn nation to access financial markets and attract investment after decades of economic stagnation. …