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
Libya Fights to Recover $60 Billion in Hidden Gaddafi-Era Bonds from the US
Libya is embroiled in a high-stakes battle to repatriate over $60 billion in concealed US bonds linked to the regime…
Egypt loses $7 Billion of Suez Canal Revenues as Red Sea Tensions Disrupt Traffic
Egypt reported a sharp decline in revenues from the Suez Canal in 2024, losing over $7 billion as Red Sea…
Zambia Secures Debt Restructuring Deal with Saudi Arabia
Zambia and Saudi Arabia have signed a debt restructuring agreement to reschedule more than $130 million of Zambia's debt to…
Top 10 Most Indebted African Countries in 2024: A Closer Look at IMF Debt
As of December 2024, numerous African nations find themselves increasingly dependent on loans from the International Monetary Fund (IMF) to…
Missing $400M in Gold Sparks Scandal at Guinea’s Central Bank
The Central Bank of the Republic of Guinea (BCRG) is under intense scrutiny after the disappearance of nearly 4 tonnes…
UAE Emerges as Leading Investor in African Business Projects
The United Arab Emirates (UAE) has become the largest investor in new African business projects, further solidifying its growing economic…
Russia Subsidizes 50% of Cargo Costs to Africa, Latin America Amid Sanctions
In a strategic move to strengthen trade ties with the Global South, Russia has announced a new subsidy program designed…
Nigeria Lifts Five-Year Mining Ban in Zamfara, Cites Improved Security
Nigeria has lifted a five-year ban on mining activities in Zamfara state, a region rich in gold, lithium, and copper,…
Sanctions on Russian Diamonds Pose Significant Challenges for African Economies, Report Reveals
The recent wave of sanctions imposed by the G7 and the European Union on Russia’s diamond industry has raised concerns…
How Egypt Can Leverage Fintech and African Free Trade Deals to Create a Long-Term Revenue Stream
Earlier this year, Egypt captured global attention with a significant $35 billion funding deal from the UAE, with additional investments…
Russia Plans Major Increase in Grain & Fertilizer Exports to Nigeria
Russia is positioning itself to become a major supplier of grain and fertilizers to Nigeria, with projections indicating that some…
Kenya Restores Power After Major Blackout Disrupts Electricity and Internet
Kenya Power and Lighting Company announced the restoration of power supply on Wednesday following a significant blackout that disrupted electricity…
