economy

economy

Is Chevron Reshaping its Investment Strategy in Africa?

Is Chevron Reshaping its Investment Strategy in Africa?

Africa-Press - Cape verde. The American oil company Chevron announced a new oil discovery off the coast of Angola, considering it a...
EU Law Unsettles West African Cocoa Farmers

EU Law Unsettles West African Cocoa Farmers

Africa-Press - Cape verde. In his farm in Akure, southwestern Nigeria, smallholder farmer Ojo Ayaninola hesitated before allowing exporters to map his...
Accra Nuclear Summit: Africa Faces Funding Challenges

Accra Nuclear Summit: Africa Faces Funding Challenges

Africa-Press - Cape verde. The African American Nuclear Energy Summit, which began on Wednesday in Accra, the capital of Ghana, places human...
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...