Morocco has achieved a remarkable economic recovery in 2023, thanks to a surge in tourism and a decline in energy imports, according to the latest report from the foreign exchange …
trade
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Mozambique has given the green light to a $2 billion port expansion project that will be led by Dubai-based global ports operator DP World and South Africa’s Grindrod Ltd. The …
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China is stepping up its efforts to promote the use of its currency, the yuan, in Africa, as part of its de-dollarisation strategy and to boost its economic and political …
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The ongoing security crisis in the Red Sea has forced many shipping companies to reroute their vessels around the Cape of Good Hope, creating a surge in demand for refueling …
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Kenya has welcomed its first batch of visitors under its new visa-free policy, which aims to boost tourism and trade in the East African nation. The policy, which took effect …
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France and Nigeria have reaffirmed their commitment to strengthen their economic relations in various sectors, such as technology, energy and agriculture. This was the main theme of the French-Nigerian Economic …
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Economy
East Africa’s Trade Boost: Kenya and Uganda to Build New Border Crossings and Dual Carriageways
Kenya and Uganda have agreed to enhance their connectivity and trade by establishing two new border crossings and constructing dual carriageways along the Northern Corridor, a vital trade route in …
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The African Union (AU) has urged the United States Congress to extend its flagship trade program, the African Growth and Opportunity Act (AGOA), for at least another decade. The AU’s …