Indonesia set to sign $3.5 billion deal with African countries
Indonesia is set to sign a trade deal worth $3.5 billion with African countries at the ongoing Indonesia-Africa Forum in Bali.Vice Foreign Affairs Minister Pahala Mansury said in an interview…
South Africa pushes for balanced trade with China
South Africa is pushing for a better and balanced trade relations with China. This comes as China prepares to pitch its exports to a summit of African leaders in Beijing.South…
Oil prices decline amid demand shortfall
Brent oil prices dropped sharply in Asian trade on Tuesday. This drop follows a demand shortfall in China, the world's biggest importer of crude. The slow demand from China is…
Kenya unveils cashless policy for imports
Kenyan importers have been relieved of the perplexing fees imposed on containers at the Port of Mombasa, enabling them to evade demurrage fees associated with delayed clearances.This action, following a…
Nigerian stocks plummet in August as investors hesitate over economic prospects
The Nigerian stock market ended August on a negative note, with the All Share Index falling by 1.22% due to macroeconomic headwinds and uncertainty surrounding bank recapitalization. This marks the…
ECOWAS to dump single currency initiative
The Economic Community of West African States (ECOWAS) is set to dump its plans for a single currency, known as the ECO, at least for now, after years of struggles…
African markets today; Factors to watch
As African markets open for its first business day in the month of September, here are some factors to watch out for;Global marketsInvestors are anticipating the US job report and…
China to pitch green exports to African leaders in Beijing
China will pitch its goods and green exports to a summit of fifty African countries in Beijing this week before Western restrictions kick in. African leaders will be asked to…
Central Bank of Egypt expands lending to Government amid declining inflation
Egypt's central bank has continued to expand its lending to the government, despite a notable decline in inflation from its peak.Despite a decline in inflation from a record 38% in…
Nigeria ranks 24th in Africa’s digital development index
Nigeria has been ranked 24th in Africa in terms of digital development, according to a report released on Thursday by Statisense, which evaluated countries based on their ICT development index.…
