The EU announces $8 billion aid package for cash-strapped Egypt
Africanews » Business
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9h ago
The European Union has announced a $8 billion aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighboring countries could drive more migrants to European shores ..read more
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China, Angola upgrade ties to comprehensive strategic cooperative partnership
Africanews » Business
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9h ago
Chinese President Xi Jinping and Angolan President Joao Lourenco on Friday announced to upgrade the bilateral relations to a comprehensive strategic cooperative partnership ..read more
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Women entrepreneurs: persistent financial obstacles [Business Africa]
Africanews » Business
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4d ago
This week: Focus on the lack of funding for women-led businesses in Africa, Congo becomes an exporter of liquefied natural gas with ENI, and Egypt benefits from a $35 billion investment from the United Arab Emirates to counter its economic crisis ..read more
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South Africa: Govt deal to sell stake in SAA crumbles
Africanews » Business
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4d ago
South African Airways was on the verge of being liquidated before it entered a form of bankruptcy protection in 2019 ..read more
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Nigeria reopens borders with Niger
Africanews » Business
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4d ago
Nigeria's decision follows a recent extraordinary summit of ECOWAS heads of state in Abuja. While Benin promptly reopened its border after the summit, Niger has yet to formally respond to the announcement ..read more
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Zimbabwe predicts a sharp decline in tobacco crop as El Niño takes toll
Africanews » Business
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5d ago
"Most of our tobacco is grown by small-scale farmers. They depend on the rains, and a drought is not good for their crop ..read more
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AfDB chief says African countries “should put end” to natural resource-backed loans
Africanews » Business
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6d ago
Adesina highlighted the uneven nature of the negotiations, with lenders typically holding the upper hand and dictating terms to cash-strapped African nations. This power imbalance, coupled with a lack of transparency and the potential for corruption, creates fertile ground for exploitation, he said ..read more
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Niger citizens struggle with soaring prices as Ramadan begins
Africanews » Business
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6d ago
The country has just emerged from an embargo lasting almost eight months, and the military junta that runs the country is struggling to ensure that markets are supplied with basic necessities ..read more
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Excitement and skepticism meet Algeria's decision to import beef to meet high demand during Ramadan
Africanews » Business
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1w ago
Algeria is importing massive amounts of beef and lamb to confront an explosion in demand for meat expected throughout the Muslim holy month of Ramadan, hoping to stabilize prices as the country's economy continues to struggle ..read more
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IMF to assess impact of drought on Zambia's economy
Africanews » Business
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1w ago
This year's maize, a staple food crop which requires consistent rainfall, was unable to mature and has left a large portion of small-scale farmers with nothing to harvest ..read more
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