Economy & Trade

South Africa loses bid to block export of rhino horns

Wicus Diedericks, the owner of an expansive game reserve in South Africa, sued the government to compel it to authorise the export of more than 500 white rhino horns.

Mali creates state body to regulate artisanal gold trade

Mali has established a new state entity to regulate its artisanal gold trade after identifying large discrepancies between officially declared exports and volumes reported by importing countries.

Mali army escorts 940 supply trucks to Bamako amid terror attack fears on trade routes

Military authorities say the convoy escorts form part of broader operations to secure Mali's main transport corridors, protect civilians and commercial traffic.

Ghana inflation rises for third month in June 2026

Ghana's consumer inflation rose for the third month in a row in June, to 5.3% year-on-year from 3.7% in May, the statistics service said on Wednesday.

'Unprecedented escalation': Israeli army blocks all access roads to occupied West Bank town

The town's mayor says the closure isolates Sinjil after troops sealed its final access route, calling the move an 'unprecedented escalation' of Israel’s collective punishment policy.

NATO Parliamentary Assembly President Calls for Greater Defence Investment Ahead of Ankara Summit

NATO Parliamentary Assembly President Marcos Perestrello and NATO Deputy Secretary General Radmila Shekerinska called on Allied nations to significantly increase defence investment and strengthen political unity during t

DRC withdraws unused cobalt export quotas

DRC will withdraw unused cobalt export rights under first-half quotas and re-assign them to a state-controlled entity, its strategic minerals regulator said on Monday.

Botswana's Debswana plans 20% diamond output hike in 2026

Botswana's Debswana Diamond Company expects to raise diamond production by about 20% this year, a central bank official said on Wednesday.

Somalia turns to industrial revival in path to more economic independence

Across Somalia, a quiet transformation is underway as industries and workshops gradually reestablish a production base that was dismantled by decades of conflict.

Nigerians repatriated from South Africa face economic dilemma

Nigerian migrants returning from South Africa face the same economic issues they left behind

Kenya unveils finance arrangers for $1.2bn Nairobi airport expansion

Kenya is keen to maintain its position as a travel hub in the region, even as Ethiopia and Rwanda invest billions in new airport to entice airlines and travellers.

US grants permanent residency to Ghana's ex-finance minister, his lawyer says

The US has granted permanent residency to Ghana's ex-finance minister Ken Ofori-Atta, his lawyer said on Tuesday.

South Africa's Ramaphosa warns against blaming migrants for economic pain

President Cyril Ramaphosa that South Africans, and especially youth, were justifiably frustrated by high unemployment, crime, and poor public services.

Erdogan unveils Türkiye's AI Action Plan, targets $10B in investment

The plan aims to train 10,000 advanced AI specialists and 100,000 AI application professionals, while launching AI literacy workshops across all 81 provinces.

Region paying ‘heavy economic price’ of attacks on Iran: Türkiye's Erdogan

"In Gaza and Lebanon, Zionist killers continue to shed blood by trampling on every law, rule and principle," President Recep Tayyip Erdogan says.

Economic reforms in Nigeria, Uganda and other African nations win back investors, major bank says

African governments from Nigeria to Uganda have lured foreign funders ranging from export credit agencies and private investors to the Gulf as years of reforms have a beneficial impact.

Nigeria reforms boost stability but economy still fragile: IMF

The IMF said Nigeria's sweeping reforms have strengthened economic stability and investor confidence, but warned on Tuesday that the benefits could be undermined by global shocks.

Türkiye and Niger Deepen Economic Partnership Through High-Level Trade and Investment Talks

Turkish Deputy Minister of Trade Mustafa Tuzcu met with Niger’s Minister of Trade and Industry Abdoulaye Seydou and participated in the Türkiye–Niger Roundtable Meeting organized by DEIK. The discussions focused on expan

Türkiye slams Israel's approval of new illegal settlements in occupied West Bank

Ankara urges the international community to fulfil its “legal and moral responsibilities” to prevent violations of the legitimate rights of the Palestinians.

Iran's supreme leader warns dissenters amid war and economic turmoil

Mojtaba Khamenei alleges enemies are using psychological pressure to weaken unity.

Türkiye and Niger Launch New Trade Initiative

Türkiye and Niger agreed to strengthen economic cooperation through the establishment of a Joint Economic and Trade Commission aimed at boosting trade and investment ties.

Why Germany's China policy is dividing Europe and weakening its own economy

Germany wants to lead Europe militarily, but is shying away from China in economic policy. While Brussels is preparing tougher measures against Beijing's dumping model, Berlin is relying on dialogue and corporate interes

Uganda's Matia Kasaija: Long-serving finance minister of 'money will come' fame dropped from cabinet

On May 26, 2026, Uganda's President Yoweri Museveni named his new cabinet. Several big-name ministers were dropped, but it is that of Matia Kasaija, a long-serving finance minister, that caught many by surprise.

Israel continues occupation and massacres from Gaza to Lebanon despite truces: President Erdogan

Negative effects of war triggered by Israel’s provocations are being felt in energy, trade, transport, economy, agriculture and security sectors, Turkish President Recep Tayyip Erdogan says.