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
AFRINEX CEO Urges Africa to Mobilise Domestic Capital, Deepen Market Integration
Africa needs to deepen domestic capital markets and strengthen cross-border integration to reduce its exposure to volatile international capital flows,…
AU Launches Africa Credit Rating Agency to Bring African Perspective to Credit Assessments
The African Union (AU) has officially launched the Africa Credit Rating Agency (AfCRA) in Mauritius, establishing a new continent-focused institution…
Ghana Inflation Accelerates for Second Month to 5.2% in September
Ghana’s annual inflation rate accelerated for the second consecutive month in September, rising to 5.2% from 5.0% in August, as…
India’s Jaishankar Begins Two-day Ghana Visit to Deepen Economic Cooperation
India’s External Affairs Minister Subrahmanyam Jaishankar has arrived in Ghana for a two-day official visit to strengthen bilateral relations and…
BoG Urges Greater Use of Restructuring to Rescue Distressed Ghanaian Businesses
The Bank of Ghana (BoG) has urged greater use of business restructuring to rescue viable companies facing financial distress, saying…
Egypt’s largest lender NBE posts EGP 312.5bn pre-tax profit for 2025
The National Bank of Egypt (NBE), the country's first and largest commercial bank, achieved a pre-tax profit of EGP 312.5bn…
AFRINEX Moves to Deepen Africa-India Capital Market Links, CEO Tells DNE Africa
The African International Financial Exchange (AFRINEX) is stepping up efforts to connect African companies with Indian investors as it seeks…
Afreximbank Backs African Youth Innovation With $120,000 AYAIR Commitment
Africa’s young innovators are increasingly turning artificial intelligence (AI) and robotics into practical solutions to some of the continent’s most…
Egypt, Ghana Seek Stronger Trade and Investment Ties Ahead of AU Presidency
Egypt’s President Abdel Fattah Al-Sisi and Ghanaian President John Mahama discussed strengthening trade, investment and economic cooperation as Ghana prepares…
Egypt, South Africa Elevate Bilateral Ties with Binational Commission Agreement
Egypt and South Africa have agreed to establish a Binational Commission (BNC) to strengthen bilateral cooperation, following political consultations between…
Egypt, Tanzania Discuss Expanding Investment and Infrastructure Cooperation
Egypt’s Prime Minister Mostafa Madbouly met with Tanzania’s Vice President Dewaigraetis Ndejembi in New Alamein City on Saturday to discuss…
AUDA-NEPAD CEO Hails Egypt’s Support for Africa’s Development
Nardos Bekele-Thomas, CEO of the African Union Development Agency-NEPAD, hailed Egypt’s support for Africa’s development, highlighting the country’s role in…
