IMF Highlights Economic Pressures Facing Sub-Saharan Africa
What You Need to Know
The IMF's World Economic Outlook warns that Sub-Saharan Africa is facing significant economic pressures due to global instability, particularly from...
Global Firm Eases Banking Pressure Between US and Africa
What You Need to Know
Global fintech Verto has launched US-dollar business accounts aimed at companies operating between the US and Africa. This initiative addresses...
China to Remove Customs Duties on Imports from Africa
What You Need to Know
China has announced the elimination of all customs duties on imports from 53 African countries, effective May 1, 2024. This...
Global Food Prices Rise Again in March
What You Need to Know
World food commodity prices rose for the second consecutive month in March, primarily due to escalating energy prices linked to...
Global Food Prices Rise 2.4% Due to Energy Costs
What You Need to Know
World food prices increased by 2.4% in March, influenced by rising energy costs due to escalating conflicts in the Middle...
Africa’s Growth Depends on Committed Entrepreneurs and Investors
ABDIRASHID DUALE
What You Need to Know
The article discusses the critical role of committed entrepreneurs and investors in driving Africa's economic growth, especially in the...
Comesa Captures 67% of FDI Flows to Africa
What You Need to Know
The Common Market for Eastern and Southern Africa (Comesa) has captured 67% of all Foreign Direct Investment (FDI) flows into...
Iran War Sparks Global Fertilizer Shortage
What You Need to Know
Farmers worldwide are grappling with fertilizer shortages and rising costs due to the war in Iran, which has disrupted shipments...
Gold Extends Losses Amid Hawkish Global Market Shift
Africa-Press - Eritrea. Gold fell more than 2% per ounce on Monday as escalating military tensions in the Middle East fueled inflation...
Turbulence in fuel markets hitting African airlines hard
What You Need to Know
African airlines are grappling with soaring jet fuel prices, primarily due to the US-Israel conflict affecting oil supply routes. With...