China-Africa Trade Hits Record High
Africa-Press - Eritrea. China announced that its trade with Africa reached a record level in the first half of 2026, attributing this...
ECOWAS Plans Single Currency by 2027
Africa-Press - Eritrea. The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching its unified currency "ECO" by...
Africa Owes IMF $38.6 Billion
Africa-Press - Eritrea. The total debt of African countries to the International Monetary Fund amounts to $38.6 billion, representing 31.5% of total...
New EU Deal Deepens Africa Consumer Markets
Africa-Press - Eritrea. The European Union is nearing the conclusion of its first enhanced economic partnership agreement with four African countries: Comoros,...
Iran War Strains African Airlines
Africa-Press - Eritrea. The African Airlines Association has warned that the American-Israeli war on Iran has led to rising fuel prices and...
China Turns to African Oil after Iran Ban
Africa-Press - Eritrea. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing oil...
East Africa Budgets Face War and Debt Pressure
Africa-Press - Eritrea. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
Africa Growth Stays Resilient Amid Global Turmoil
Africa-Press - Eritrea. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
India Buys Oil from West Africa
Africa-Press - Eritrea. India has purchased approximately 5 million barrels of crude oil from West Africa and the Middle East through a...
Iran War could Push Oil to $150 a Barrel
Africa-Press - Eritrea. Bilal Shaib, an economic expert, confirmed that the American war on Iran is exacerbating existing crises such as the...