economy

economy

UNAIDS urges global unity in World AIDS Day call to action

UNAIDS urges global unity in World AIDS Day call to action

Africa-Press - Eritrea. As the world marks World AIDS Day, UNAIDS is urging global leaders to take urgent action. The agency calls for renewed global...
Gold’S Rise Continues into 4Th Consecutive Month

Gold’S Rise Continues into 4Th Consecutive Month

Africa-Press - Eritrea. Gold has been on the rise for four consecutive months, led by geopolitical changes, optimism over Fed rate cuts, and ongoing...
EU Africa Leaders Discuss Trade Minerals Amid Ukraine Crisis

EU Africa Leaders Discuss Trade Minerals Amid Ukraine Crisis

Africa-Press - Eritrea. European and African leaders gathered in Angola Monday for a summit to deepen economic and security ties, with emergency talks on...
European Investment Bank Invests 2 Billion Euros in Africa

European Investment Bank Invests 2 Billion Euros in Africa

Africa-Press - Eritrea. The European Investment Bank (EIB) is pledging more than 2 billion euros ($2.3 billion) of financing for renewable energy projects on...
UAE Announces $1 Billion Initiative to Expand AI in Africa

UAE Announces $1 Billion Initiative to Expand AI in Africa

Africa-Press - Eritrea. The United Arab Emirates said on Saturday it will invest $1 billion to expand AI infrastructure and AI-enabled services across Africa,...
Training on Social Welfare

Training on Social Welfare

Africa-Press - Eritrea. The Ministry of Labor and Social Welfare provided training on social welfare to its 10 members. The trainees were from the...
Germany Invests $42M in African Investment Insurer

Germany Invests $42M in African Investment Insurer

Africa-Press - Eritrea. German Chancellor Friedrich Merz on Saturday said Berlin will invest over €37 million ($42.63 million) in the African Trade and Investment...
G20 Summit Adopts Declaration Amid U.S. Boycott

G20 Summit Adopts Declaration Amid U.S. Boycott

Africa-Press - Eritrea. A Group of 20 leaders’ summit in South Africa adopted a declaration addressing the climate crisis and other global challenges on...
Global Stocks Slump

Global Stocks Slump

Africa-Press - Eritrea. Global markets fell on Friday as fading expectations for a December interest rate cut by the US Federal Reserve and renewed...
Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say

Africa Pays ‘Scandalous’ Premium to Borrow, Top Bankers Say

Africa-Press - Eritrea. The credit ratings of most African nations are much lower than similar sovereigns elsewhere in the world, costing them billions of...