Economy & Trade

SA condemns Israeli minister's call to annex West Bank

South Africa has condemned Israel's plan to annex part of the occupied West Bank.

Egypt-Türkiye trade relations remain robust and balanced

Egypt and Türkiye are aiming to boost their trade volume to $15 billion by enhancing infrastructure and creating a favorable business environment for joint ventures and investments, says Minister Hassan El-Khatib.

Trump voters focus on inflation, whereas Harris' prioritise democracy

Supporters of Donald Trump and Kamala Harris were driven by vastly different factors, an extensive survey reveals.

South Africa G20 Presidency is pivotal moment for Africa, says UN

The G20 represents 85 percent of the global economy, 75 percent of world trade, and 67 percent of the global population.

South Africa G20 Presidency: Pivotal moment for Africa, say UN

The G20 represents 85 percent of the global economy, 75 percent of world trade, and 67 percent of the global population.

Foreign embassies running black market forex sales - Ethiopia PM

The prime minister said his government will strictly monitor embassy activities and take action against offenders.

Senegal gets $300m loan in alternative market after IMF halt

Senegal has secured a $300 million loan on the international market after IMF suspended disbursements to the West African nation.

Live Updates: Israeli forces kill three Palestinians in occupied West Bank

Israel's war in Gaza — now in its 391st day — has killed at least 43,163 people and wounded more than 101,510, with another 10,000 feared buried under debris. In Lebanon, Israel has killed 2,822 people since October last

Nigeria 'cannot tire' in reforms drive amid tough economy

President Bola Tinubu's reforms have left Nigeria grappling with the worst cost-of-living crisis in decades.

It is time for African countries to collapse their economic borders

Trade between African countries remains the continent's greatest potential yet it has proven a hard task for African Union member states.

Egypt urges BRICS nations to trade in local currency

Egypt's President Abdel Fattah al-Sisi has urged BRICS countries to conduct their financial settlement using local currencies.

Eastern Libya approves central bank board of directors

The presidency of Libya's eastern-based parliament has approved the appointment of a new board of directors of the central bank.

South Africa's Ramaphosa calls for massive BRICS investment in Africa

The BRICS economic bloc is due to hold its summit in Russia this week as it strives to counter Western hegemony in global affairs.

Uganda's September coffee export earnings up by 54%

Uganda's September coffee export earnings for the month of September have increased by nearly 54%.

Uganda signs deal with Turkish company to build 272-km railway

The new railway, which will stretch from the Malaba border post with Kenya to Uganda’s capital, Kampala, is expected to provide faster, more efficient cargo transport than the current meter-gauge system.

Sub-Saharan Africa to see 3% economic growth in 2024 - World Bank

The growth is expected to remain comfortably above last year's 2.4% thanks to higher private consumption and investment, the World Bank says.

SA's ex-central bank chief and finance minister dies

South Africa's former central bank chief and finance minister Tito Mboweni has died at the age of 65, the government has announced.

Air strike kills at least 23 people in Sudan market

An air strike at a marketplace in Sudan's capital Khartoum killed at least 23 people on Saturday, an emergency response team said on Sunday.

Libya restores oil output close to normal levels

Libya's state oil company says output has risen to near-normal levels after a recent dispute over central bank governor was resolved.

Burkina Faso market attack leaves 10 people dead

At least 10 people have been killed during an insurgent attack at a market in northern Burkina Faso.

Total annihilation: Year-long bombing turns Gaza into an economic wasteland

The size of Gaza’s economy dropped from $672 million before the war to a meagre $92 million at the end of March.

Nigeria to sell crude oil in local currency

Nigeria is one the world's top oil producers with proven oil reserves of approximately 37 billion barrels.

Türkiye denounces Israeli air strike on refugee camp in occupied West Bank

At least 18 people are killed by Israel on the Tulkarem refugee camp, marking the deadliest attack in the West Bank since 2000.