African Manufacturers Seek to Extend US Trade Program
Africa-Press - Eritrea. African manufacturers are lobbying U.S. Congress to grant a last-ditch extension of one or two years to a duty-free trade programme...
Global debt remains above 235% of world GDP: IMF
Africa-Press - Eritrea. The International Monetary Fund (IMF) reported Wednesday that the decline in private sector credit was offset by an increase in public...
AI Projected to Boost Global Trade by 37% WTO
Africa-Press - Eritrea. World Trade Organization report argues AI apps contribute to productivity in economies, as well as semiconductors, other AI-enabling goods
However, it warns...
Global Interest-Rate Spree Signals First US Cut of 2025
Africa-Press - Eritrea. The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week...
Crypto Market Awaits Fed’S Rate Cut Decision
Africa-Press - Eritrea. The cryptocurrency market is awaiting a possible interest rate cut by the US Federal Reserve on Wednesday during the bank’s Federal...
BRICS Grain Producers Lose $2.5B Yearly to Manipulation
Africa-Press - Eritrea. Grain producers across BRICS nations are losing an estimated $2.5 billion annually due to market concentration and price manipulation by global...
Sub-Saharan Africa’s Economies Face High Finance Costs
Africa-Press - Eritrea. Borrowing costs for governments and businesses in South Africa, Nigeria and Kenya have risen in the last five years due to...
African Nations Seek $69 Billion From IMF for Support
Africa-Press - Eritrea. Demand from African nations for financing from the International Monetary Fund is expected to remain high, as debt burdens mount and...
Billionaire Pledges US$720M to Bridge Africa’S AI Gap
Africa-Press - Eritrea. Zimbabwean telecoms mogul Strive Masiyiwa has committed $720 million to establishing Africa’s first network of artificial intelligence factories, aiming to address...
Saudi Arabia’s Vision Invest Invests $700 Million in Africa
Africa-Press - Eritrea. Saudi-based Vision Invest has invested $700 million in pan-African industrial developer ARISE Integrated Industrial Platforms (ARISE IIP), the company announced on...