economy

economy

New EU Deal Deepens Africa Consumer Markets

New EU Deal Deepens Africa Consumer Markets

Africa-Press - South-Africa. The European Union is nearing the conclusion of its first enhanced economic partnership agreement with four African countries: Comoros,...
Iran War Strains African Airlines

Iran War Strains African Airlines

Africa-Press - South-Africa. 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

China Turns to African Oil after Iran Ban

Africa-Press - South-Africa. 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

East Africa Budgets Face War and Debt Pressure

Africa-Press - South-Africa. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
South Africa Gets Fitch Upgrade after 21 Years

South Africa Gets Fitch Upgrade after 21 Years

Africa-Press - South-Africa. Fitch has raised South Africa's credit rating from BB- to BB, maintaining a stable outlook, marking the first upgrade...
South Africa, India Boost AI Partnership

South Africa, India Boost AI Partnership

Africa-Press - South-Africa. South Africa is looking to strengthen its economic and technological ties with India, reflecting the growing importance of cooperation...
EU Launches Minerals Investment Tour in South Africa

EU Launches Minerals Investment Tour in South Africa

Africa-Press - South-Africa. Around 200 companies participated in an investment promotion tour organized by a local source in South Africa, competing for...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - South-Africa. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - South-Africa. 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

India Buys Oil from West Africa

Africa-Press - South-Africa. India has purchased approximately 5 million barrels of crude oil from West Africa and the Middle East through a...