economy

economy

Billionaire Pledges US$720M to Bridge Africa’S AI Gap

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

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...
Afdb Flags Project Execution Gaps as Africa’S Growth Hurdle

Afdb Flags Project Execution Gaps as Africa’S Growth Hurdle

Africa-Press - Eritrea. The African Development Bank (AfDB) has cautioned that Africa’s economic growth will remain constrained unless governments and institutions improve the design...
AI in Africa to Reach $16.5B by 2030 Mastercard’S Role

AI in Africa to Reach $16.5B by 2030 Mastercard’S Role

Africa-Press - Eritrea. Mastercard has released its latest whitepaper, Harnessing the transformative power of AI in Africa, a pan-African study of the continent’s readiness,...
farmers turn to AI to boost their yields

farmers turn to AI to boost their yields

Africa-Press - Eritrea. In rural Malawi, farmers are have been embracing new technology to help them boost their yields and adapt to climate change....
Walmart to launch first stores in Africa by year-end

Walmart to launch first stores in Africa by year-end

Africa-Press - Eritrea. U.S. retailer Walmart will launch its first branded stores in South Africa this year, it said on Tuesday. The move by Walmart,...
Fitch Raises Global Growth Forecast Amid US Slowdown

Fitch Raises Global Growth Forecast Amid US Slowdown

Africa-Press - Eritrea. International credit rating agency Fitch Ratings raised the global gross domestic product (GDP) growth forecast from its previous forecast on Tuesday...
Extraordinary BRICS Summit Tackles Global Trade Tensions

Extraordinary BRICS Summit Tackles Global Trade Tensions

Africa-Press - Eritrea. On Monday, Russian President Vladimir Putin joined an extraordinary BRICS summit via video link, a virtual meeting convened by Brazil to...
Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline

Gold Hits Record High Amid Fed Rate Cuts and Dollar Decline

Africa-Press - Eritrea. Gold hit a new record at over $3,600 per ounce, led by the estimates that the Fed may cut rates by...
Africa must Boost Investment in Digital Infrastructure

Africa must Boost Investment in Digital Infrastructure

Africa-Press - Eritrea. Mr Ralph Mupita, the Group President and Chief Executive Officer (CEO) of MTN, says Africa should foster invesment in digital infrastructure...