Illicit gold: UAE took 591 tonnes in 2024, most from Africa
A Swissaid report estimates that 42 per cent of the UAE's 2024 gold imports were smuggled or came from conflict zones, with African producers the main source.
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Rwanda’s Fuel Shock Drives Inflation Higher as Price Pressures Ease in Egypt, Angola: Economist Dumebi Oluwole
Rising fuel costs are pushing inflation in Rwanda towards 20%, while price pressures in Ghana remain concentrated in locally produced…
Russia-Africa trade turnover tops $27bn as bilateral ruble settlements surge
MOSCOW, October 29 – The Russian ruble now accounts for up to 85% of commercial transactions between Russia and African…
Russia-Africa Summit: Russian firms seek to relocate production to Africa amid sanctions, Putin says
Moscow – Russian companies are interested in relocating manufacturing operations to African countries to bypass Western sanctions, President Vladimir Putin…
In Photos: African Leaders Gather in Moscow as Russia Seeks Deeper Economic and Political Ties
Moscow summit brings together delegations from 48 African countries as Putin calls for an end to Western dominance and African…
Russia–Africa Economic and Humanitarian Forum Opens in Moscow
The Russia–Africa Economic and Humanitarian Forum opened in Moscow on Wednesday, bringing together Russian and African officials to strengthen economic…
Africa’s Growth Hinges on Smarter Investment as Oil and Climate Risks Mount: Economist Dumebi Oluwole
Africa has opportunities to accelerate growth through digital technology, energy infrastructure and regional trade, but high debt, expensive oil and…
Zambia, Niger Seek IMF Support Amid Mounting Debt Challenges, Economist Tells DNE Africa
Zambia and Niger have secured fresh International Monetary Fund financing as both governments seek to shore up public finances, but…
South African Rand Steady Ahead of Central Bank Data, Fed Decision
The South African rand was little changed against the US dollar early on Tuesday as investors awaited domestic economic data…
Nigeria Ranks 19th Among World’s Largest Economies by Purchasing Power
Nigeria ranks as the world’s 19th-largest economy by purchasing power parity (PPP), with projected economic output of $2.44 trillion in…
Investment commitments exceed $17bn following African Energy Week in South Africa
Total investment commitments exceeded $17bn after African countries presented 15 new energy projects to potential investors at African Energy Week…
Role of BRICS+ in global governance reform leads agenda at University of Sao Paulo conference
The role of BRICS+ in global governance reform will lead the agenda at the 10th BRICS Conference hosted by the…
Russia and Africa Commit to Joint Training, Exploration and Research at Saint Petersburg Raw Materials Dialogue
Delegates from 44 countries have adopted a Declaration at the Second Russian-African Raw Materials Dialogue in Saint Petersburg, setting out…
