China announces 25.6 M€ donation to Cape Verde
On September 4, Prime Minister Ulisses Correia e Silva announced that China will donate €25.6 million to Cape Verde. The announcement followed a meeting in […]
Trade
Seychelles-Botswana and South Sudan-Kenya boost bilateral ties, paving way for regional integration
Seychelles and Botswana, as well as South Sudan and Kenya, have announced plans to strengthen their respective bilateral ties based on shared values and development […]
Africa’s trade deficit with China widens in 2023, with falling commodity prices key factor
Africa’s trade deficit with China has widened to $64 billion as the Asian economic powerhouse recorded a drop in trade with top partners on the […]
Ghana: New Patriotic Party qualifies former Minister for Trade and Industry’s resignation of disappointing and premeditated
Former Minister for Trade and Industry, Alan Kyerematen in a shocking turn of events resigned from the New Patriotic Party (NPP) on September 25. His […]
Kenya to strengthen trade relations with Russia
Kenya will strengthen its trade relations with Russia, the Nairobi authorities announced on Monday during a surprise visit by Russian Foreign Minister Sergei Lavrov. The […]
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 […]
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 […]