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.
Business
FAO Launches 13 New Youth Chapters Across Africa
The Food and Agriculture Organization of the United Nations (FAO) has launched 13 new National Youth Chapters of the World…
AfDB, UNDP Advance AI 10Bn Initiative to Turn Africa’s AI Potential into Productivity
The AI 10 Billion Initiative has received a boost following a visit by a delegation from the United Nations Development…
Ghana to Collect 20% Tax on Foreign Digital Services
Ghana will begin collecting a 20% tax on payments for foreign digital services through banks, mobile money operators and other…
Russia, South Africa Seek to Expand Agricultural Trade as Exports Top $54m
Russia and South Africa are seeking to deepen agricultural trade and expand business ties, as Russian shipments of agricultural products…
Niger Works to Contain Oil Well Blowout in Northeast
Niger is working to contain an oil well blowout in the country's northeast, nearly three weeks after the incident began…
Mauritius, Seychelles Top Africa in Global Capitalism Index
Mauritius and Seychelles rank among Africa’s strongest market economies, according to a new global index assessing the institutions and conditions…
Nigeria, Norway Move to Deploy Satellite Surveillance Against Illegal Fishing
Nigeria is set to strengthen surveillance of its territorial waters through cooperation with Norway, using satellite-based vessel tracking to combat…
South Africa Imports Nearly 1Mn Barrels of Libyan Oil in Rare Shipment
South Africa imported nearly 1 million barrels of Libyan crude oil in September, marking only the second time it has…
J.P. Morgan Targets Nigeria Merchant Banking Launch Before End of 2026
J.P. Morgan plans to establish a merchant bank in Nigeria before the end of 2026, subject to regulatory approval, in…
Afreximbank Urges Africa-Focused Credit Ratings to Unlock Investment
Africa needs credit ratings that reflect its economic realities and institutional strengths to improve access to finance and channel more…
‘Livelihood Boats’: The National Bank of Egypt equips 100 Luxor fishermen to secure their families’ futures
For generations, the Nile River has been the lifeblood of Luxor, yet for many local fishermen, extracting a living from…
WB Sees Nigeria Growth Averaging 4.4% Through 2028
Nigeria’s economy is expected to grow by an average of 4.4% annually through 2028, provided the government sustains its economic…
