Despite growing calls for economic sovereignty, West Africa’s $67 billion reserves still heavily reliant on European banks, gold hubs.
West Africa’s foreign reserves, valued at about $67 billion and managed by the Central Bank of West African States (BCEAO), remain largely […]
Africa’s top bauxite hub attracts $1 billion alumina plant from China’s largest state-owned producer.
The Beijing-based company said it will establish a new entity to develop a 1.2 million-ton-per-year alumina plant in Guinea, deepening China’s growing […]
Oil near US$100 seen as base case over next 12 months on Iran war.
Oil market participants are increasingly pricing crude to be capped near US$100 (RM396.50) a barrel over the next year, as demand is forced […]
Japan’s stronger-than-expected exports support a June BoJ hike.
Japan is displaying some resilience despite energy shocks. Its trade balance remained in the surplus zone, driven by stronger-than-expected exports. Machinery orders […]
World Bank targets $23bn private capital push as Africa races to create jobs for booming youth population.
The multibillion-dollar initiative, announced on Wednesday, May 20, 2026, will be driven through the bank’s newly consolidated Guarantee Platform, a financial risk-sharing […]
Zimbabwe eyes $21 billion mineral export boom as mining firms prepare massive hiring drive.
The expansion, which industry experts say could reshape Zimbabwe’s labour market and export economy, comes as global demand for strategic minerals used […]
China’s Solar Exports Soar as World Grapples with Energy Crisis
Despite the end of China’s export tax refunds on April 1, exports of Chinese solar cells and panels continued to surge in […]
Reserve Bank of India to transfer record dividend to Treasury, economists say.
The Reserve Bank of India will again make a record surplus transfer to the government for this April-to-March fiscal year, a windfall […]
Argentina and China in Talks to Extend Currency Swap Agreement
Argentina is in talks to renew and potentially expand its currency swap line with China, official sources confirmed today. The government’s goal […]
The Rockefeller Foundation and Temasek Trust announce Global Coalition for Nuclear Philanthropy.
The Rockefeller Foundation and Temasek Trust have, on May 19, announced the launch of the Global Coalition for Nuclear Philanthropy (GCNP), a […]
China Says It Will Buy 200 Boeing Jets, Seek Extension of US Trade Truce.
China on Wednesday said it will buy 200 Boeing jets and seek an extension of a trade truce struck with the US […]
G-7 finance chiefs seek to look through bond volatility.
Group of Seven finance ministers acknowledged mounting concern over public debt and bond market volatility as they met in Paris on Monday […]