South Africa Considers Additional Incentives for Auto Industry to Counter U.S. Tariffs
South Africa is weighing the introduction of additional incentives for its automotive sector in response to recently imposed U.S. tariffs on car imports, Trade, Industry and Competition Minister Parks Tau…
Business
French Prosecutors Drop DRC Case Against Apple Over Conflict Minerals – Report
French prosecutors have closed a case filed by the Democratic Republic of Congo (DRC) against Apple's European subsidiaries, dismissing allegations…
Kenya’s $10.1B Manual Withdrawals Raise Transparency Concerns – Budget Chief
Kenya’s government manually withdrew 1.3 trillion shillings ($10.1 billion) over seven months, bypassing the automated financial system meant to ensure…
Djibouti, Ethiopia, South Sudan & Uganda Sign Landmark Deal to Establish Regional Trade Corridor
Djibouti, Ethiopia, South Sudan, and Uganda have signed a memorandum of understanding (MoU) to establish the Djibouti-Ethiopia-South Sudan-Uganda (DESSU) Corridor…
Tinubu Vows Economic Stability as Nigeria Eases Cost-of-Living Crisis
Nigerian President Bola Tinubu said on Friday that his government’s economic reforms and fiscal discipline are steering the country away…
Malawi Cuts Growth Forecast to 3.2% as Protests Erupt, President Blames Opposition
Malawi has revised its economic growth forecast for 2025 downward to 3.2% from 4.0%, citing rising inflation, forex shortages, and…
Kenya Delays Drawing $1.5 Billion UAE Bond to Align with Fiscal Plans
Kenya has postponed tapping into a $1.5 billion privately placed bond from the United Arab Emirates (UAE), opting to ensure…
Zimbabwe Central Bank Dismisses Dollar Shortage as Businesses Urge Free Float of ZiG
Zimbabwe’s central bank dismissed concerns of a foreign currency shortage on Friday, insisting that US dollar reserves remain sufficient to…
Ethiopia Urges BRICS to Prioritize Development in Global Agenda
The BRICS Sherpa and Sous-Sherpa meetings concluded with a high-level session chaired by Brazilian President Luiz Inácio Lula da Silva,…
Nigeria Receives First Batch of Belarusian Tractors to Boost Agriculture
Nigeria has received its first consignment of Belarusian agricultural machinery, including 2,000 tractors and over 9,000 pieces of farming equipment,…
Kenya & Somalia Move to Finalize Trade Deal, Tackle Non-Tariff Barriers
Kenya and Somalia are intensifying efforts to finalize a trade agreement aimed at eliminating non-tariff barriers, improving cross-border trade, and…
Niger & Russia Sign Mining Deal to Boost Resource Development
Niger and Russia signed a memorandum of understanding (MoU) on Tuesday to enhance cooperation in geological exploration and mining, aiming…
Tshabalala Pledges Impact-Driven Growth as She Runs for AfDB President
Bajabulile Swazi Tshabalala, a financial strategist and former Senior Vice President of the African Development Bank (AfDB), has announced her…
