In a resounding testament to the burgeoning economic relations between South Africa and China, trade agreements worth a staggering $2.2 billion have been inked during the visit of Chinese Commerce Minister Wang Wentao. This landmark development, which unfolded last week, is poised to catalyze a new era of collaborative trade initiatives. The agreements materialized against […]

In an inspiring display of international engagement, South Korean Foreign Minister Park Jin embarked on a significant voyage to Rwanda, aimed at solidifying cooperation in cutting-edge technology and forward-looking domains. During this pivotal visit, Minister Park engaged in meaningful conversations with senior Rwandan officials, charting a new course of partnership between the two nations. A […]

President Bola Tinubu’s determination to reshape Nigeria’s economic trajectory has come to the forefront with the inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms. The committee, led by Mr. Taiwo Oyedele, has a mandate that reflects President Tinubu’s commitment to steer Nigeria away from its reliance on foreign borrowing and toward sustainable […]

In a dynamic display of unity and ambition, delegates from 25 coffee-producing countries across Africa have convened in the bustling Ugandan capital, Kampala. Their mission: to galvanize the African Union’s attention and elevate coffee to the forefront of the continent’s agricultural and economic agenda, potentially lifting millions out of poverty. Guided by a shared vision, […]

The World Bank, an influential player in global development, has chosen to wield its economic influence to combat discrimination and promote inclusivity. In a landmark decision, the institution has suspended new loans to Uganda, citing its concerns over the country’s controversial anti-LGBTQ law. This move underscores the World Bank’s commitment to upholding its values and […]

In a striking economic turnaround, Malawi has witnessed a notable surge in its tobacco sales, a cornerstone of the country’s foreign exchange earnings. The most recent season’s sales catapulted to an impressive $282 million, a remarkable leap from the preceding year’s figure of $182 million, according to authoritative statements from the nation’s industry regulator. This […]

Nigeria’s energy landscape is about to undergo a revolutionary transformation as the World Bank joins hands with the government and the private sector to fund the construction of 1,000 mini solar power grids. The ambitious initiative was unveiled by World Bank President, Ajay Banga, during his visit to a mini grid site on the outskirts […]

In a remarkable turn of events, S&P Global Ratings has revised Nigeria’s outlook from negative to stable, attributing this positive shift to the decisive fiscal reforms championed by President Bola Tinubu. This significant alteration not only signals a potential turning point for the largest economy in Africa but also ignites a sense of optimism within […]

n a groundbreaking move, the United Kingdom and Zambia have cemented a strategic economic partnership during the visit of British Foreign Secretary, James Cleverly, to Africa. This unprecedented collaboration promises significant economic gains for both nations, reinforcing their commitment to sustainable development and advancing the global clean energy transition. The UK-Zambia Green Growth Compact, a […]

In the aftermath of a military coup in Niger, the global uranium market has shown signs of potential upheaval, with the spot price of uranium experiencing a slight rise. As the world’s seventh-largest producer of uranium, Niger’s political situation has drawn the attention of experts and investors, who are closely monitoring the developments for potential […]