Economy & Trade

Morocco economic growth slows in 2024 first quarter: Reports

The report says deceleration was driven by contrasting performances across different sectors, with notable weaknesses in agriculture and manufacturing.

Morocco economy growth slows in 2024 first quarter: Reports

The report says deceleration was driven by contrasting performances across different sectors, with notable weaknesses in agriculture and manufacturing.

Kenya's president says finance bill 'poorly communicated'

Kenya's President William Ruto has said the messaging on the government's plan to raise new taxes in the new financial year was "poorly communicated."

Tanzania to export maize worth $250m to Zambia

Tanzania says it will export 650,000 tonnes of maize worth $250 million to Zambia to address shortage in the neighbouring country.

South Africa's ruling coalition feuds over cabinet roles

The president's party is keen on retaining "strategic portfolios" such as security, finance and trade, according to analysts.

Türkiye removed from Financial Action Task Force grey list

The international crime watchdog Financial Action Task Force (FATF) says it welcomes Türkiye’s significant progress in improving its AML/CFT regime.

Kenya's Ruto declines 'all clauses' of Finance Bill 2024

Kenya's President William Ruto has declined all the "clauses" in the contentious Finance Bill 2024.

Live Updates: Israel arrests 20 more Palestinians in West Bank raids

Israel's war on Gaza, now in its 261st day, has killed at least 37,598 Palestinians — mostly women and children –– and wounded 86,032, with more than 9,500 abducted by Tel Aviv.

Kenya amends controversial Finance Bill following protests

Ruto said the changes have taken into account the views of the people and other stakeholders during public participation sessions.

Nigeria's economic crisis: Inflation hits new 28-year high

High food prices and a weaker naira are the main drivers of inflation in Nigeria, analysts say.

Nigeria hopes new $2.25B loan will cushion pain from hard times

Nigeria is battling inflation that is at a 28-year high after President Bola Tinubu took drastic steps to fix the country’s ailing economy.

Turkish manufacturers export 2M products via e-commerce in May

Turkish-made products on e-commerce giant Trendyol receive the most interest from Azerbaijan, Gulf countries, Central and Eastern Europe, Germany, and Austria.

Turkish manufacturers export 2M products via e-commerce in May

Turkish-made products on e-commerce giant Trendyol receive the most interest from Azerbaijan, Gulf countries, Central and Eastern Europe, Germany, and Austria.

Live Updates: Israeli forces kill two Palestinians in occupied West Bank raid

Israel's war on besieged Gaza, now in its 251st day, has killed at least 37,202 Palestinians — 71% of them being women, children and infants –– and wounded 84,932 with 10,000+ believed to be buried under the debris of bo

Ghana loses $1.4billion yearly on illicit financial flows: Report

Parliamentarians discussed the report at the official launch of the African Parliamentary Network on Illicit Financial Flows and Taxation.

Nigeria's Tinubu acknowledges tough economic times

Nigeria is grappling with the worst cost-of-living crisis in decades.

Mali finance workers end strike

The unions called a strike from Thursday last week after its secretary-general, Hamadoun Bah, was arrested.

Nigerian singer Patoranking graduates from Harvard Business School

Nigerian celebrities and music fans have congratulated the artist since the announcement.

Live Updates: Israel detains 20 more Palestinians in occupied West Bank

Israel's war on Gaza, now in its 239th day, has killed at least 36,284 Palestinians — 71% of them women, children and infants — and wounded 82,057, officials say, while some 10,000+ people are feared buried beneath the r

Kenya to ban import of shoes - president

President William Ruto says the government is developing local capacity to handle hides and skins to provide quality raw material.

Turkish economy expands by 5.7% in first quarter

Türkiye posts highest growth figure among EU, G20 economies, Turkish Trade Ministry says.

Africa's growth not enough to tackle poverty: AfDB

Akinwumi Adesina, the president of the African Development Bank (AfDB), has said that the continent's economic growth is not enough to tackle widespread poverty.

Ankara to continue pressure on Israel via trade, diplomacy: Erdogan

Türkiye will continue to put pressure on Israel through trade and diplomacy until Netanyahu administration ends its massacres in Gaza, Turkish President Recep Tayyip Erdogan says.

South Africa trade minister announces resignation

President Cyril Ramaphosa appointed Patel as trade minister in 2019.