The government is embarking on a strategic initiative to cultivate a robust partnership with the Chinese private sector to advance infrastructural development through public private partnerships (PPP). The partnership aims to leverage the expertise, resources and technology of the Chinese private sector to support the development of key projects in the areas of green and […]
The world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small town in the western part of Eswatini–better known by its former name, Swaziland, in southern Africa. Yet nearly a quarter of them, worth a combined $3.3 trillion, have chosen to make their primary residence […]
The Project Management Institute has announced the return of its premier African event, PMI Global Summit Series Africa 2025, reaffirming its commitment to strengthening project management capabilities across Africa. The summit themed ‘Africa on Purpose: Gather. Grow. Guide.’ is scheduled to take place from August 19 to 21, 2025, at the Kigali Convention Centre, Rwanda. […]
Egypt’s non-oil private sector saw a slight decline in business conditions in March, with the country’s Purchasing Managers’ Index easing to 49.2 from 50.1 in February, according to S&P Global. In Lebanon, the PMI slipped to a five-month low of 47.6, reflecting softer economic activity amid regional uncertainty and subdued tourism. The trends in Egypt […]
The US dollar has been falling as President Donald Trump rolls out his tariffs, and it plunged after he unveiled much steeper-than-expected duties on “Liberation Day.” That goes against what markets had anticipated before he launched his trade war. The weaker greenback makes imports more expensive, adding to the costs from Trump’s aggressive import taxes. […]
U.S. Federal Reserve Chair Jerome Powell made clear the U.S. central bank won’t rush to react to sweeping Trump administration tariffs, or to the financial market turmoil that has ensued amid fears of a global economic downturn. Tariffs are likely to have a significant effect on the U.S. economy, including slower growth and higher inflation, […]
Olusegun Obasanjo, Nigeria’s former president turned businessman, is set to visit the Kribi deep-sea port in Cameroon this April to launch his company, Obasanjo Agro-Allied Business Ltd (OABL). His venture aims to strengthen cross-border trade between Cameroon and Nigeria. According to Agha Albert Ngwana, CEO of Aftel Cameroon Limited, a partner of Obasanjo’s group, OABL […]
Months after President Donald Trump had been hammering Panama over its most valuable asset, the Panama Canal, an investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in the place owned by a Hong Kong company. BlackRock will buy the ports, which sit at either end of the […]
South Korea, China and Japan held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from U.S. President Donald Trump’s tariffs. The countries’ three trade ministers agreed to “closely cooperate for a comprehensive and high-level” talks on a South Korea-Japan-China free trade agreement […]
Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share placements, with their boards having approved proposals to issue A-shares to designated investors. The initiative includes the Bank of China (BOC), China Construction Bank (CCB), Bank of Communications (BOCOM), and Postal Savings Bank […]