Business Affairss

Japan pledged US$30 billion in aid for development in Africa Saturday, saying it wants to work more closely with the continent, with the rules-based international order under threat after Russia’s invasion of Ukraine.Addressing a Japan-Africa summit in...

Big name entertainment providers like Netflix, Showmax and Paramount have been meeting African content creators this week at the Fame Week Africa conference in South Africa. The three-day conference, which ended Friday, was billed as the continent’s pr...

ADDIS ABABA— Fighting between forces from Ethiopia’s rebellious northern region of Tigray and central government forces has erupted around the town of Kobo, residents and both sides said, ending a months-long ceasefire.The fighting is a major blow to h...

2022 Public Economics Winter School: Reviving Public Infrastructure Investment for Community DevelopmentMedia are invited to attend a three-day virtual Public Economics Winter School from 30 August – 1 September 2022. The theme is “Reviving public infr...

MAPUTO— The World Bank signed off Monday on a $300 million grant to Mozambique, marking its return to the country six years after it suspended aid over a hidden debt scandal.Mozambique’s Finance Minister Max Tonela said the money will be used to financ...

MOSCOW/KHARTOUM— Sudan has offered more oil blocks to Russia’s Zarubezhneft oil company, at the end of a three-day visit of a high-level government delegation to Moscow. The two countries also agreed to enhance cooperation and expand trade in several o...

HAMBURG (Germany)— Africa is the third largest gold producer in the world with mining operations in at least 21 countries. The mining sector is one of the major sources of employment in many African nations.Out of these 21 countries, 10 have the larges...

KHARTOUM/ABU DHABI— UAE President Sheikh Mohamed bin Zayed ordered $6.8 million (AED 25 million) of humanitarian aid to Sudan after floods killed at least 79 and destroyed over 14,500 houses.“The directives of President His Highness Sheikh Mohamed to p...