At least 74 Chinese companies have expressed a desire to invest in Nigeria’s oil and gas sector. This development is part of a broader wave of interest, as 216 Chinese companies overall are considering investments across various sectors of the Nigerian economy. According to a statement released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) […]
THE International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed a $27 million loan agreement to finance the construction of affordable housing in Cote d’Ivoire. The funding aims to support the government’s ongoing efforts to reduce the housing deficit in the West African nation. The financing deal was formalised on Monday […]
As a presidential candidate, Donald J. Trump promised an economic “boom like no other.” But eight weeks into his presidency, Mr. Trump is refusing to rule out a recession — a striking change in tone and message for a man who rode widespread economic dissatisfaction to the White House by promising to “make America affordable again.” His […]
The Ministry of Trade, Industry and Energy will reorganize the trade commission as part of efforts to strengthen its trade safeguard functions amid the expansion of global protectionism, officials said Tuesday. The Korea Trade Commission (KTC) will have two new departments on dumping investigations starting next Tuesday, to better protect domestic industries amid global oversupply […]
Africa’s urban population is set to double by 2050, soaring from 700 million to 1.4 billion, making it the world’s second-most urbanised continent after Asia, according to a new report released on March 6, 2025. The report, Africa’s Urbanisation Dynamics 2025, warned that without urgent government intervention, rapid urban expansion could overwhelm infrastructure, deepen inequalities, and […]
Taiwan Semiconductor Manufacturing Co. (TSM) said Monday that its combined revenue for the first two months of 2025 jumped 39% year-over-year, as demand continues for its artificial intelligence (AI) chips. The U.S.-listed shares of the company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), are falling more than 1.5% in premarket trading. Revenue in […]
Iran’s Bank Maskan (Housing Bank) has facilitated installment sales for 91,000 units under the National Housing Movement, using its financial resources, out of a total of 378,000 contracted units, the bank’s CEO said. Speaking at a press conference on Sunday night, Ali Khorsandian emphasized the importance of housing, calling it a fundamental necessity that has […]
Chinese electric vehicle (EV) maker Zeekr Intelligent Technology will unveil a luxury model next month, targeted at luring wealthy consumers away from premium foreign brands such as Mercedes-Benz and BMW. The Hangzhou-based unit of Geely Auto, mainland China’s second-largest carmaker by sales, said on Monday that the Zeekr 9X Grand SUV would be priced at […]
China has warned the US it is ready to fight “any type” of war after hitting back against President Donald Trump’s mounting trade tariffs. The world’s top two economies have edged closer to a trade war after Trump slapped more tariffs on all Chinese goods. China quickly retaliated imposing 10-15% tariffs on US farm products. “If […]
Ares Management has partnered with Indonesia’s sovereign wealth fund to finance up to $500m (£387.6m) of investment opportunities annually that will benefit the country’s economy. The alternative asset manager said that the Ares Asia Credit funds will foster these investments through “innovative financing mechanisms” such as hybrid capital solutions and securitisation. The Indonesia Investment Authority […]