Economy & Trade

Türkiye, Romania target $15B in bilateral trade volume: President Erdogan

Bilateral trade volume between Türkiye and Romania exceeded $10 billion for two consecutive years, says Turkish President Recep Tayyip Erdogan.

Kenya's economic growth accelerates to 5.6pc

Kenya's economic growth for 2023 accelerated to 5.6%, the country's statistics agency said on Monday.

Live Updates: Multiple casualties reported in Israeli strike on West Bank

Israel has killed at least 35,303 people — majority of them babies, children and women — and wounded over 79,261 in its 225-day war on besieged Gaza, Palestinian officials say, with some 10,000+ lives feared lost under r

Kenya, Nigeria get nod on European bank membership

Kenya and Nigeria might soon get membership of the European Bank for Reconstruction and Development (EBRD) after their applications passed a key stage.

Ex-central bank chief 'printed money illegally': Nigeria

The prosecution in Nigeria has charged the country's former central bank governor Godwin Emefiele over allegations of illegal printing of money.

Nexus between AI, international trade: Istanbul hosts Trade Winds 2024

Trade Winds, the largest US government-led trade mission, convens in Istanbul for the second time, focusing on "The Power of AI in Fostering Inclusivity and Innovation."

Türkiye, Kuwait sign six cooperation agreements

Both leaders discuss in detail steps to increase the bilateral trade volume to $5 billion, highlighting the importance of reviving the Joint Economic Commission Mechanism between Türkiye and Kuwait.

Türkiye ranks fourth in European investment in 2023

Türkiye secures its position as a top destination for international investment, rising to fourth place in Europe in 2023 with a 17 percent growth in projects.

Live Updates: Israel trade freeze aimed at forcing Gaza truce — Erdogan

Israel's war on Gaza, now on its 210th day, has killed at least 34,622 Palestinians — 70 percent of them babies, children and women — and wounded over 77,867.

Türkiye suspends trade with Israel amounting to $9.5B — Erdogan

President Erdogan, blasting Israel’s ongoing aggression in Gaza, says that Israeli Prime Minister Benjamin Netanyahu’s moves have made a possible Türkiye-Israel rapprochement impossible.

Türkiye halts trade with Israel until uninterrupted aid to Gaza

Türkiye implements new suspension measures on Israel, stopping all export and import transactions with Tel Aviv, the Turkish trade ministry announces.

'Naira abuse': How raining currency on performers can invite jail in Nigeria

Nigeria's anti-graft agency EFCC is cracking down on violations construed as abusing the naira, pitting the tradition of showering cultural performers with currency notes against the law.

'Naira abuse': How raining currency on performers can invite jail

Nigeria's anti-graft agency EFCC is cracking down on violations construed as abusing the naira, pitting the tradition of showering cultural performers with currency notes against the law.

Labour day: Nigerian workers lament economic hardship

Several workers unions in Nigeria have expressed concern about the economic hardship, lamenting the high prices of food.

World Bank applauds Ankara's initiatives on climate change

Humberto Lopez, World Bank Country Director for Türkiye, highlights Türkiye's leadership in climate crisis and renewable energy initiatives.

Circulation of Zimbabwe's new currency ZiG starts

Zimbabwe's new currency ZiG officially started circulating on Tuesday, April 30.

Tunisia gets $1.2b loan to finance state firms

Tunisia has obtained a $1.2 billion loan to help state firms import raw material.

Germany needs an economic turnaround - finance minister

Minister says Germany's economic weakness has consequences for security and geopolitics.

South Africa: 'Load shedding still disrupts economic growth'

South Africa's Reserve Bank warns of uncertainty in meeting its target of 4,5-midpoint range due to new emerging economic risks.

Nkogho: The statistician transforming Gabon's business climate

This entrepreneur is bringing dynamism to local businesses by creating a network of partner stores that cater to customer needs and teach would-be owners how to start small and think big.

Oil company resumes operations in southern Nigeria

Nigeria's state oil company NNPC has resumed operations at Awoba oilfield in the southern part of the country.

Nigeria reduces Central Bank borrowing to plug revenue shortfalls

President Bola Tinubu has promised to make the bank autonomous and more focused on its core mandate.

World Bank aims to double Africans connected to power by 2030

The lender says it needs $30 billion of public sector investment to meet the target.

Live Updates: UN to launch $2.8B global appeal for Gaza, occupied West Bank

Israel's war on besieged Palestinians of Gaza — now in its 193rd day — has killed at least 33,843 people and wounded over 76,575 as illegal settlers joined by Israeli troops kill several Palestinians in occupied West Ban