Strait of Hormuz Disrupts Africa’S Economy
Africa-Press - Rwanda. The repercussions of disruptions in global supply chains and the closure of vital maritime corridors, alongside rising security and...
China-Africa Trade Hits Record High
Africa-Press - Rwanda. 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 - Rwanda. 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 - Rwanda. 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 - Rwanda. 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 - Rwanda. 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 - Rwanda. 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 - Rwanda. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
Private sector urged to use economic power for unity
Africa-Press - Rwanda. Business leaders in Eastern Province have been urged to use their economic influence to promote unity and national development, drawing lessons...
Islamic finance could unlock new capital for Rwanda’s market
Africa-Press - Rwanda. Rwanda’s move to introduce Islamic capital market products could open a new financing window for infrastructure, housing, agriculture, private sector growth,...