US-Africa Business Summit yields over $2.5 billion in deals, commitments
The United States Department of State has said that the 17th U.S.-Africa Business Summit yielded more than 2.5 billion dollars in new deals and commitments between U.S. and African partners. The U.S. Department of State said the summit, which was…
Lagos ports to receive 2,700 containers, 265,000 MT of crude oil, used vehicles between July 1 -10
Lagos ports are expected to witness a surge in maritime activity between July 1 and 10, 2025, with at least 13 vessels scheduled to berth, delivering over 2,700 containers, 550 used vehicles, and a crude oil consignment exceeding 265,000 metric…
Tanzania cherishes SGR with 60.88bn/- in revenue
Samia Suluhu Hassan has stated that the introduction of modern train services via the Standard Gauge Railway (SGR) has brought significant economic benefits since operations began in August 2024. Speaking in Parliament today in Dodoma during the official closure of…
Ethiopia Posts $2.6 Bln Balance of Payments Surplus, Highest in 14 Years: Central Bank
Ethiopia recorded a balance of payments surplus of 2.6 billion US dollars over the past 11 months, its highest in 14 years, as the National Bank of Ethiopia (NBE) highlighted sweeping monetary and financial sector reforms aimed at stabilising the…
Tanzania officially launches safe delivery App
THE Tanzanian government in collaboration with the Danish Embassy, has officially launched a special program that will be used by midwives to learn how to provide better services and increase professionalism through the service called Safe Delivery App. The program…
Morocco stays with the British: southern Gran Canaria loses ground to cheap packages from North Africa
The topic has been discussed in the tourism sector in southern Gran Canaria for months, but now the data confirms it: British tourists are abandoning Gran Canaria for Morocco. What began as a trickle is beginning to resemble an exodus,…
Ghana at loggerheads with China over rampant illegal gold mining
Ambassador to Ghana denies Chinese nationals are solely to blame for ‘galamsey’, branding the accusations a ‘significant injustice’ China and Ghana, Africa’s largest gold producer, are embroiled in a diplomatic row over the rampant problem of illegal gold mining,…
Investors press South Africa to lower inflation target
Investors are pushing for South Africa’s government to endorse a plan by its central bank to cut its inflation target for the first time this century, in the hopes it will permanently lower the borrowing costs of Africa’s most industrialised…
Professors urge Africa to rethink finance and embrace bold growth
Abuja. Two of the world’s leading thinkers on development, Prof Jeffrey Sachs and Dr Kishore Mahbubani, have urged African countries to reject conventional economic advice and adopt a new approach that prioritises investment, integration and self-belief. Speaking on the…
CAF to unveil new WAFCON trophy Wednesday
The Confederation of African Football is set to launch a new trophy on Wednesday ahead of this year’s WAFCON tournament which will be played from July 5 to 26 in Morocco. CAF made the announcement on Sunday, three days…