Economy
Breaking and the latest news relating to African Economy.
BRICS bank can help African countries tackle urgent challenges – NDB President
The New Development Bank created by BRICS countries in 2015 can help finance African countries' projects to tackle their most...
Read moreDetailsNigeria’s president swears-in ministers, slow growth and insecurity among concerns
Nigerian President Bola Tinubu swore in ministers to his cabinet on Monday, nearly three months after his inauguration. The President...
Read moreDetailsNigeria’s NNPC obtains a $3 billion loan to stabilize the foreign exchange market
The biggest economy in Africa, Nigeria has been trying to increase its reserves and stop the decline of its currency,...
Read moreDetailsBRICS nations to meet in South Africa seeking to blunt Western dominance
BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for...
Read moreDetailsJapan signs deal with Namibia to explore for rare earth minerals
Japan on Tuesday signed an agreement with Namibia to jointly explore for rare earth minerals as part of its broader...
Read moreDetailsMali adopts new mining code to boost sector’s contribution to GDP
Mali has adopted a new mining code that aims to increase the sector's contribution to GDP to between 15 and...
Read moreDetailsZimbabwe president opens 600MW coal-fired power plant
Zimbabwe's President Emmerson Mnangagwa on Thursday inaugurated a Chinese-funded power station that he said would go a long way in...
Read moreDetailsBrazilian president supports more countries in BRICS
Brazilian President Luiz Inácio Lula da Silva said Wednesday that he supports more countries joining the BRICS group of large...
Read moreDetailsNigeria’s President appoints investigator to probe central bank
Nigeria's President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor,...
Read moreDetailsRussia offers reassurance over threatened African grain supplies
Russia has insisted it understands the concerns African nations have following Moscow's decision to leave the Ukrainian grain deal which...
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