AI boom bolstered growth in global trade, benefiting China and India, IMF says
The strong demand for AI has bolstered growth in China, India and other Asian countries and outpaced the overall growth in global […]
China’s exports seen growing at faster pace in September
China’s exports are expected to have expanded at a slightly faster pace in September, sustaining robust momentum despite pressure from some trading […]
Uganda’s FX reserves surged 56% in year ended June, central bank says
Uganda’s foreign exchange reserves surged 56% year-on-year in the year to June, the central bank said, adding that it also intends to […]
Afreximbank to Finalize $1.3 Billion Financing for Angola’s Amufert Fertilizer Plant
The African Export-Import Bank (Afreximbank) is expected to finalize financing of about $1.3 billion for Angola’s Amufert fertilizer plant by the end of October, as the […]
Ecobank to Join China’s CIPS Payment System as Africa-China Trade Expands
Ecobank is preparing to join China’s Cross-Border Interbank Payment System (CIPS), expanding its capacity to facilitate yuan transactions across Africa as commercial […]
China’s $7.5 Billion EU Hybrid Boom Faces New Curbs Under China-EU Deal
China’s deal to curb hybrid vehicle exports to the European Union is set to deal a fresh blow to electric vehicle makers […]
Germany’s battle to break its economic addiction to China turns existential
For decades, Germany seemed immune to the China shock that has wreaked havoc on Western manufacturers. After Beijing joined the World Trade […]
Ethiopia opens 600-tonne precious metals refinery as it targets Africa’s gold-processing business
Prime Minister Abiy Ahmed inaugurated the National Precious Metals Refinery on 10 October at the Bole Lemi Special Economic Zone in Addis […]
Oil Stuck Between Middle East Escalation and Russia-Ukraine Energy Truce
Oil prices traded slightly lower in the early morning in Europe on Monday as U.S. President Trump’s announcement of an “energy ceasefire” […]
Japan Urges Asia to Build Up Oil Reserves as Middle East Risks Mount
Oil producers and consumers need to strengthen their cooperation, and Asian countries specifically need to boost oil stockpiles and infrastructure, Japan’s trade […]
World Bank in talks with dozens of countries about crisis aid, Banga says
The World Bank is in discussions with 30 to 40 countries about potential crisis aid to help them manage energy shocks and […]
Rosatom Begins Power-Up Of China’s Tianwan Nuclear Power Plant
Rosatom has begun the power start-up at Unit 7 of the Tianwan NPP in China, with the facility already delivering the first […]