China wants to continue financing Angola and highlights 25% increase in trade
The Chinese ambassador to Angola said on Monday that China was available to continue financing infrastructure and investing in the African country, also noting the […]
Trade
Nigeria, Saudi Arabia Sign MoUs to Boost Trade, Investment
Nigeria and Saudi Arabia have signed two memoranda of understanding aimed at boosting trade and investment as well as enhancing cooperation in the field of […]
Suez Canal announces record profit of $7 billion
The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) in the 2021-2022 fiscal year, after repeatedly raising transit […]
Egypt pledges to promote intra-African trade as he takes AU chair
Egypt’s president, AbdelFattah al-Sisi on Monday unveiled plans to promote intra-African trade when he takes over as chair of the African Union next year. Egypt […]
Africa’s intra-trade reaches 13% – UNECA
Trade among African countries accounts for only 13% of the continent’s overall trade, the United Nations Economic Commission for Africa said on Wednesday. The commission […]
Drop in Oil Prices Unveils Vulnerability of Algerian Economy
Algerian authorities have finally been compelled to face the reality and admit the failure of their economic model based on crude oil exports and trade. […]
Libya-Tunisia free zone underway
Work is in progress to finalize the creation of a free trade zone between Libya and Tunisia by the Islamic Corporation for the Development of […]
Algeria eyes 2040 shale gas development
Prime Minister Abdelmalek Sellal has insisted that the country’s intention to exploit shale gas “is a long term option” which can be projected to possibly […]
Egypt-Turkey work towards alliance exchanges
In what could be described as a bilateral free trade financial cooperation between Egypt and Turkey, the two countries are looking at the possibilities of […]
Sudan and South: Oil and Trade Deal
The two Sudans have been able to come to terms regarding the oil exportation from South Sudan and the usage of Sudan’s pipelines and port […]