economy

economy

Gold Surges Above $4,500 Amid Geopolitical Tensions

Gold Surges Above $4,500 Amid Geopolitical Tensions

Africa-Press - Eritrea. Gold rose to a record $4,525.96 an ounce on Wednesday, rising around 1% amid concerns over rising US-Venezuela tensions...
Precious Metals Reach Records Amid Price Fluctuations

Precious Metals Reach Records Amid Price Fluctuations

Africa-Press - Eritrea. Precious metals hit new records this week, with gold reaching as high as $4,420.3 and silver $69.5 per pound,...
Africa to ride on the ‘Accra Reset" for “Second Independence

Africa to ride on the ‘Accra Reset” for “Second Independence

Africa-Press - Eritrea. African states have been challenged to design systems that are country-led, investment-driven, regionally integrated, and globally coherent in a...
Installation of electricity line in Adi-Keih–Tserona

Installation of electricity line in Adi-Keih–Tserona

Africa-Press - Eritrea. The first phase of the installation of the electricity line from Adi-Keih to Tserona has been finalized. With the finalization...
Afdb Seeks $25 Billion for Lending

Afdb Seeks $25 Billion for Lending

Africa-Press - Eritrea. The African Development Bank (AfDB) opened a donor-pledging conference on Monday for its fund that lends money to low-income...
Blockchain Unlocks Financing for Intra-Africa Trade

Blockchain Unlocks Financing for Intra-Africa Trade

Africa-Press - Eritrea. African countries should tap into the blockchain technology to drive intra-Africa trade and unlock financing for the private sector,...
Silver Outpaces Gold Sparking Debate Over Precious Metals

Silver Outpaces Gold Sparking Debate Over Precious Metals

Africa-Press - Eritrea. Silver continues to outperform gold, bringing the once-overlooked metal back into the spotlight. Strong industrial demand, heavier investor participation,...
Global Trade to Reach Record High of $35T Despite Slowdown

Global Trade to Reach Record High of $35T Despite Slowdown

Africa-Press - Eritrea. The UN reported Tuesday that global trade is expected to reach an all-time high of $35 trillion in 2025,...
Global Debt Reaches Record High of Nearly $346 Trillion

Global Debt Reaches Record High of Nearly $346 Trillion

Africa-Press - Eritrea. Global debt rose to a record high of nearly $346 trillion in the third quarter of this year, driven...
Chinese exports to Africa soar despite tariff wars

Chinese exports to Africa soar despite tariff wars

Africa-Press - Eritrea. Chinese exports to African countries could top $200 billion in 2025, as Beijing remains locked in a trade war...