It was announced on Tuesday that Swiss banking group UBS has signed a memorandum of understanding (MoU) with China’s largest lender by assets, Industrial and Commercial Bank of China (ICBC), to explore the possibility of collaborations in the Chinese and […]
South Africa recorded foreign direct investment inflows of R53.8 billion ($2.8 billion) in the second quarter of 2023, up from inflows of R0.5 billion in the first quarter, central bank data showed on Thursday. The South African Reserve Bank said […]
The 10th edition of the Nigeria Energy Exhibition and Conference after three days of engaging discussions and networking among over 7,000 local and international energy stakeholders from across the world has come to an end with stakeholders charting pathways to […]
The Eastern and Southern African Trade and Development Bank Group (TDB Group) and the African Legal Support Facility (ALSF), organized a five-day training on “Legal Aspects of Energy Transactions – Power Purchase Agreements and Legal Framework for Energy Infrastructure” from […]
The World Bank’s Board of Executive Directors has approved an International Development Association (IDA) grant amounting to US$150 million as a Second Additional Financing (AF2) for the Yemen Emergency Human Capital Project (YEHCP). This crucial financing is set to continue […]
Gold edged lower on Monday after eking out a narrow gain last week, as investors assessed the U.S. Federal Reserve officials’ decision to flag further interest rate hikes ahead of a consumer inflation print later this week. Spot gold was […]
The Ghanaian government has filed for bankruptcy after failing to pay billions of dollars it owed to international creditors in December. According to a report by The New York Times, President Nana Akufo-Addo’s administration “had no choice but to agree […]
In August 2023, Nigeria’s earnings from the export of crude oil (excluding condensates) grew by N188.7 billion as a result of a slight rise in production of the commodity by both foreign and domestic sector players. Oil output from Nigeria […]
In a historic moment during the recent G20 Summit held in India from September 9th-10th, 2023, the African Union (AU) secured its place as the newest member of the G20, an exclusive group comprising the world’s 20 largest economies. This […]
The U.S. Chamber of Commerce is organising a record number of meetings and events on the sidelines of the 78th session of the UN General Assembly (UNGA) to help foster public-private collaboration and underscore the indispensable role of the private […]
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