economy

economy

Strait of Hormuz Disrupts Africa'S Economy

Strait of Hormuz Disrupts Africa’S Economy

Africa-Press - Cape verde. The repercussions of disruptions in global supply chains and the closure of vital maritime corridors, alongside rising security...
China-Africa Trade Hits Record High

China-Africa Trade Hits Record High

Africa-Press - Cape verde. China announced that its trade with Africa reached a record level in the first half of 2026, attributing...
ECOWAS Plans Single Currency by 2027

ECOWAS Plans Single Currency by 2027

Africa-Press - Cape verde. The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching its unified currency "ECO"...
Africa Owes IMF $38.6 Billion

Africa Owes IMF $38.6 Billion

Africa-Press - Cape verde. The total debt of African countries to the International Monetary Fund amounts to $38.6 billion, representing 31.5% of...
New EU Deal Deepens Africa Consumer Markets

New EU Deal Deepens Africa Consumer Markets

Africa-Press - Cape verde. The European Union is nearing the conclusion of its first enhanced economic partnership agreement with four African countries:...
Iran War Strains African Airlines

Iran War Strains African Airlines

Africa-Press - Cape verde. The African Airlines Association has warned that the American-Israeli war on Iran has led to rising fuel prices...
China Turns to African Oil after Iran Ban

China Turns to African Oil after Iran Ban

Africa-Press - Cape verde. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing...
East Africa Budgets Face War and Debt Pressure

East Africa Budgets Face War and Debt Pressure

Africa-Press - Cape verde. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - Cape verde. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in...
West Africa is a new strategic center. And Cape Verde?

West Africa is a new strategic center. And Cape Verde?

A mudança ocorre numa altura em que a instabilidade na região do Golfo Pérsico ameaça um dos corredores marítimos mais importantes do mundo. O...