Economy

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 …

In a significant move amplifying Africa’s energy sector, the African Export-Import Bank (Afreximbank) has forged a $75 million development agreement with Torxen Energy Resources. The landmark deal, earmarked for Petroleum …

Kenya is one of Africa’s most dynamic and promising economies, but it still faces a major challenge: reducing its dependence on imported goods and services. According to a recent report …

President Joe Biden is set to visit Israel and Jordan on Wednesday, as he seeks to ease the humanitarian situation in Gaza and broker a cease-fire between Israel and Hamas. …