Economy & Trade

Romanian government defeats Canadian company after nine years legal battle

Gabriel Resources was seeking damages from the Romanian state for withdrawing support for a gold and silver mine project in 2014.

'Our economy is literally the envy of the world,' Biden says as he seeks re-election

US President Joe Biden makes case for second presidential term in State of the Union address.

Nigeria intercepts 21 food-laden trucks bound for Chad, Cameroon amid food crisis

Nigeria's Economic and Financial Crimes Commission says the trucks were seized in a border area in the northeastern state of Borno.

Climate action: Africa to be $2.5 trillion short of climate finance, UN says

Despite producing low emissions compared to other continents, climate change is costing African countries 5% of gross domestic product (GDP) annually.

Libya, Algeria, Tunisia agree to jointly tackle economic, security issues

Leaders of Libya, Algeria, and Tunisia have decided to hold quarterly meetings on security and economic problems.

Bitcoin crosses $64,000 as investor interest grows

Crypto market heated up as Bitcoin climbed towards its all-time high, increasing trading volume and ETF launches added fuel to the rally.

Antalya Diplomacy Forum: Africa discusses trade

African countries discussed wide-ranging regional issues, including trade, at the Antalya Diplomacy Forum in Türkiye.

Antalya Diplomacy Forum: Africa discusses trade, key issues

African countries discussed wide-ranging regional issues, including trade, at the Antalya Diplomacy Forum in Türkiye.

Food smuggling: Nigeria's new challenge amid soaring inflation

A surge in smuggling of Nigerian produce to neighbouring countries has heightened the challenge of food inflation in the country as the government tries to alleviate the situation by plugging border gaps.

Live Updates: Hezbollah, Israel trade cross-border fire amid growing tensions

Israel's war on Gaza — now in its 146th day — has killed more than 30,000 Palestinians, mostly children and women, and wounded 70,325 others.

Food smuggle: Nigeria's new challenge amid soaring inflation

A surge in smuggling of Nigerian produce to neighbouring countries has heightened the challenge of food inflation in the country as the government tries to alleviate the situation by plugging border gaps.

Food smuggling: Nigeria battles new challenge amid soaring inflation

A surge in smuggling of Nigerian produce to neighbouring countries has heightened the challenge of food inflation in the country as the government tries to alleviate the situation by plugging border gaps.

Live Updates: Israeli army kills four Palestinians in occupied West Bank

Israel's war on Gaza — now in its 144th day — has killed at least 29,782 Palestinians, mostly children and women, and wounded 70,215 others.

Turkish vice president holds talk with head of European Bank in London

The Turkish vice president, Cevdet Yilmaz, and the president of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, discuss the EBRD investments in Türkiye and potential for further cooperati

Live Updates: Israel kills 3 Palestinians in West Bank as Gaza war grinds on

Israel's war on Gaza — now in its 144th day — has killed at least 29,782 Palestinians, mostly children and women, and wounded 69,879 others.

Trade between Türkiye and South Africa is booming: Envoy

The Turkish Ambassodor to South Africa highlighted that trade between the two nations grew by around 50 million dollars in the span of a year.

Nigeria to outlaw foreign exchange in streets

The Central Bank of Nigeria has announced that it will soon be illegal to operate a forex bureau in the country's streets.

Businesses suffer as war destroys Sudan's economy

Sudan's once-vibrant economy lies in tatters, with war displacing millions, destroying infrastructure, and pushing the country towards famine.

Live Updates: Almost all economic activity in Gaza ground to halt — World Bank

Israel's war on Gaza — now in its 140th day — has killed at least 29,410 Palestinians, mostly children and women, and wounded 69,465 others.

Algeria, Mauritania launch free trade zone to boost ties

Algeria plans to open free trade zones with more African countries to boost economic cooperation.

Lagos to start three-day working week amid economic hardship

Many Nigerian workers are struggling to afford daily transport to work across the major cities including the capital, Abuja.

Guinea junta freezes bank accounts of sacked government ministers

Guinea's junta also ordered their travel documents taken away and their service vehicles, bodyguards and assistants be removed.

Erdogan, Sisi meeting to boost reconstruction in Libya — Libyan minister

Türkiye, Egypt are Libya's historical economic partners, says Libyan Economy and Trade Minister Muhammad Ali al Huweij.

Nigeria, Brazil commit to strengthening economic ties

Both leaders agreed their countries had missed mutually profitable business opportunities in the past but must now look ahead.