AfDB to help African states prepare for credit ratings as continental agency launch nears
The African Development Bank (AfDB) will launch an initiative to help African governments prepare for credit ratings, President Sidi Ould Tah said […]
Global Bond Rout Deepens, Pushes US Treasury Yields to 24-Year Peak
Global bonds came under heavy selling pressure again on Thursday, sending borrowing costs from the United States to France and Japan to […]
UN Says Global Fuel Subsidies Could Top $1 Trillion
Fuel subsidies amid the oil price shock could exceed $1 trillion this year, the United Nations said, warning that many governments are […]
Afreximbank Provides $45.3 million Working-Capital Facility to Cameroon’s Prometal
The African Export-Import Bank (Afreximbank) announced on Wednesday, Sept. 30, that it had provided Prometal SA with a €40 million ($45.3 million) revolving […]
Société Générale Agrees to Sell Controlling Ghana Stake to Morocco’s Attijariwafa Bank
Société Générale has agreed to sell its Ghanaian subsidiary to Morocco’s Attijariwafa Bank. The French banking group signed an agreement covering its […]
Aliko Dangote, Africa’s richest man, sets out $50bn multi-sector, continent-wide expansion plan
Nigerian industrialist Aliko Dangote plans to invest about $50bn across Africa by 2030, expanding a vertically integrated industrial model built around refining, […]
China-Syria trade rises by hundreds of millions of dollars as China launches industrial investments
China’s economic activity in the Syrian market accelerated sharply in 2026, with Syrian imports from China rising significantly as hundreds of millions […]
Taiwan Allocates $13 Billion to Shield Consumers From High Energy Costs
Taiwan is allocating the equivalent of $13 billion for energy cost support for state power generation company Taipower and refiner CPC, Reuters […]
Benin raises 328 billion FCFA internationally with AfDB guarantee
Benin has secured 500 million euros, approximately 328 billion FCFA, from international banks to finance a series of public investments in education, […]
Chinese imports ‘threaten to wipe out UK industries in five years’
Cut-price Chinese manufacturers could wipe out whole chunks of British industry within five years, a think tank has warned. Chatham House said […]
Africa’s top gold producer issues pre-closure warning to Chinese-owned mine over alleged unreported spill
Michael Ayamga, deputy chief executive for operations at the Environmental Protection Authority, told Reuters that the notice partly concerned a tailings pipeline disconnecting and […]
Foreign Investors Pull $3.2 Billion From Indian Markets as Oil Rally Returns
The renewed rally in oil prices above $100 per barrel Brent has prompted foreign investors to pull money out of India’s stock […]