News
China eyes Egypt for $2 billion aluminium hub targeting Africa and Europe
12+ hour ago (321+ words) Egypt is in discussions with China's Henan Zhongfu Industrial to establish a $2 billion aluminium production complex in the Suez Canal Economic Zone, as part of efforts to expand industrial output and boost exports. The proposed facility will be located in…...
Africa's richest country faces biggest gasoline price hike since 2008
1+ week, 5+ day ago (384+ words) South African gasoline prices are set to rise by the largest margin in nearly two decades as oil prices surge and the rand weakens amid the war in Iran. The government said the adjustments were mainly driven by a surge…...
War in the Middle East has proved unable to slow Ghana's economic momentum
1+ week, 5+ day ago (432+ words) Notwithstanding external pressures, Ghana's inflation rate declined for the fifteenth consecutive month, reaching its lowest level in several years. Ghana's economic progress persists despite the ongoing Middle East conflict, which has affected global energy markets and trade logistics, including those…...
Nigeria says it has pulled in $2. 6 billion into mining as it seeks US backing to make Africa a global critical minerals hub
3+ week, 1+ day ago (562+ words) Nigeria has attracted more than $2. 6 billion in foreign direct investment into its mining sector over the past two years, as the government steps up reforms and seeks to position the country as a key player in the global supply chain…...
Top 10 African countries the United States made the most money last year
3+ week, 3+ day ago (352+ words) In 2025, numerous African countries increased their trading links with the United States, exporting a sizable number of goods despite tariff conflicts, economic challenges, sanctions, and shifting U. S. -Africa trade policy debates. As global supply networks rebalance following the epidemic and geopolitical…...
Fed meeting recap: FOMC holds rates steady as oil prices soar
3+ week, 6+ day ago (210+ words) Fed meeting live updates: FOMC holds rates steady as oil prices soar'Business Insider Africa Fed meeting recap: FOMC holds rates steady as oil prices soar It's the second Fed day of 2026, and America's economic woes are making headlines. The Federal…...
3 big takeaways from the Fed's March meeting
3+ week, 6+ day ago (354+ words) Fed Chair Jerome Powell isn't saying his farewells yet. The Federal Reserve opted to hold rates steady at its second meeting of 2026, and the central bank chair signaled a potential return to the committee after he leaves the post. From…...
Power dispute forces shutdown of Africa's second-largest aluminium smelter
4+ week, 1+ day ago (414+ words) South32 Ltd, the mining and metals company headquartered in Perth, Western Australia, has suspended operations in its Mozambican aluminum smelter, Mozal, Africa's second-largest aluminium smelter, due to power issues. The group noted that the move resulted from a botched negotiation to…...
Power dispute forces shutdown of Africa's second-biggest aluminium smelter
4+ week, 1+ day ago (412+ words) South32 Ltd, the mining and metals company headquartered in Perth, Western Australia, has suspended operations in its Mozambican aluminum smelter, Mozal, Africa's second-largest aluminium smelter, due to power issues. The group noted that the move resulted from a botched negotiation to…...
Shoprite targets South Africa's informal economy with majority stake in payments firm R&A Cellular
4+ week, 1+ day ago (388+ words) The Shoprite Group is moving deeper into South Africa's informal retail economy after agreeing to acquire a majority stake in payments technology firm R&A Cellular, a move aimed at expanding access to digital and financial services in township communities....