Trade relations between Africa and the United States have been evolving, bringing about new opportunities and challenges for both regions. Since its enactment in 2000, the African Growth and Opportunity Act (AGOA) has been at the core of U.S. economic […]
Saudi Arabia’s telecommunications operator Etihad Etisalat (Mobily) has signed a Murabaha financing deal with the Saudi National Bank (SNB) for 4.8 billion riyals ($1.3 billion) . Mobily, an affiliate of the UAE’s Etisalat, will use SAR 3.685 billion to partly […]
More than 250 billionaires and millionaires on Wednesday reiterated their call on elected representatives of the world’s leading economies to introduce higher taxes on the very richest in society. In an open letter to political leaders gathered at the annual […]
O n Jan. 13, President Joko “Jokowi” Widodo, as part of his state visit to Vietnam, visited the VinFast electric automobile and motorcycle manufacturing complex in Hai Phong and received a firsthand look at the Vietnamese brand’s premium electric vehicles. […]
Asian stock market news Hong Kong’s Hang Seng index saw a fall of ~0.61%, with mainland China’s CSI 300 dipping ~0.35% to sit at ~3,284.17 levels. This fall came as China’s consumer price index saw a decline of ~0.3%, less […]
Companies from Türkiye have undertaken tens of billions of dollars worth of infrastructure and superstructure projects in Africa, cementing their rapid expansion in the continent in a drive that has been creating hundreds of thousands of jobs. The contracting firms […]
The United States recently slapped a $222 million fine on the German software company SAP on the grounds of bribery. The company was alleged to have attempted to bribe government officials from several African countries. The bribes were said to […]
In the world of finance, where success is often measured in profits and market share, German billionaire Michael Gastauer emerges as a remarkable figure distinguished by philanthropy, animal welfare and environmental responsibility. Starting as an entrepreneur and rising to become […]
The International Monetary Fund’s executive board has completed the third review of Mozambique’s three-year loan program, allowing for an immediate disbursement to Maputo of about $60.7 million, the fund said. The review brings total disbursements under the $456 million Extended […]
In December 2023, Ghana’s inflation dropped to 23.2%, a significant decline from the 26.4% reported in November 2023. The annual rate of food inflation eased to 28.7% and the non-food inflation rate slowed to 18.7%. Locally produced items experienced 23.8% […]
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