Dutch bank Rabobank was hit with a 26.6-million-euro ($29 million) fine by EU antitrust regulators on Wednesday for taking part in a euro-denominated bonds trading cartel for a decade. Banks around the world have been fined billions of euros by […]
China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment […]
ANKA and Prosper Africa has announced the launch of the ANKA Growth Club, a transformative nine-month virtual accelerator program designed to boost African exports from the creative industries, including fashion, beauty, textiles, art, and home goods, to the United States. […]
Nigeria’s headline inflation rate rose to 27.33 per cent in October from 26.72 per cent in September, according to a report released by the National Bureau of Statistics (NBS) on Wednesday. The bureau said the October 2023 headline inflation rate […]
The African Export-Import Bank (Afreximbank) on Friday said it is working on the establishment of a $1-billion African Film Fund to be launched in 2024 to support the continent’s film industry. Kanayo Awani, Executive Vice President of Intra-African Trade Bank […]
The super-rich are flocking to Dubai in record numbers as geopolitical and economic uncertainties around the world drive affluent individuals and families to seek safe havens both for their wealth and their well-being. According to experts who track the world’s […]
Saudi Arabia signed over SR2 billion ($533 million) worth of agreements with African countries during a special conference in a significant boost to the Kingdom’s ties with the continent. The deals covered energy, roads, and health, and will be financed […]
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, today chaired a meeting of the council, during which he approved several transformative initiatives to stimulate the industrial sector in Dubai, […]
Stalder, who served as Switzerland’s Ambassador to Ghana, Togo, and Benin between 2019 and 2022, highlighted Switzerland’s long-standing commitment to peace policy, development cooperation, and humanitarian aid in Africa. He also noted that Switzerland’s first Sub-Sahara Africa strategy, launched in […]
Manufacturers in China should consider moving their factories to Nigeria to create jobs and boost the economy of Africa’s most populous nation, Nike Akande, a former minister of industry, said on Tuesday. Akande, who is also a former president of […]
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