Mozambique has successfully repaid its debt to the International Monetary Fund (IMF), settling more than $630 million ahead of schedule, the government confirmed. As of early March, the country still owed over $515 million in Special Drawing Rights (SDRs), but by the end of the month, that liability had been…
Britain has accused Iran of holding the global economy “hostage” as more than 40 countries convened urgent talks aimed at reopening the strategically vital Strait of Hormuz, a key artery for global oil and trade flows disrupted by escalating conflict in the region. The virtual meeting, attended by diplomats from…
Nigeria is grappling with a steep fuel price surge, even after the launch of the Dangote Refinery, Africa’s largest oil processing facility. Fuel prices have risen by approximately 65%, the sharpest increase among major African economies, placing significant strain on households and businesses. The Dangote Refinery, expected to reduce Nigeria’s…
The inaugural edition of ACFTA Fest 2026 has concluded in Abuja, Nigeria, marking a significant milestone in Pan-African collaboration. The three-day festival brought together a dynamic mix of cultural showcases, entrepreneurial innovation, and sporting excellence, positioning itself as a pioneering platform for cross-sector engagement across the continent. Conceived as a…
High-level trade negotiations hosted by the World Trade Organization in Yaounde have concluded without major agreements, exposing deep divisions within the global trading system and raising concerns about the future of multilateral cooperation. The WTO’s 14th ministerial conference, which ran beyond its scheduled close into the early hours of Monday,…
Bilateral relations between China and Seychelles are entering a new phase marked by expanding trade, deeper private-sector collaboration, and growing cooperation in the blue economy and digital innovation sectors. The renewed momentum comes as Chinese Vice President Han Zheng undertakes a multi-country African tour from March 22 to 30, including…
William Ruto has directed Kenyan ambassadors and high commissioners to adopt a more aggressive, results-oriented approach to diplomacy, focusing on converting international engagements into measurable economic gains. Speaking at the opening of the 19th Ambassadors and High Commissioners Conference in Nairobi, the President underscored the need for diplomats to actively…
Kenya’s floriculture sector, valued at over $800 million, faces mounting losses as ongoing conflict in the Middle East disrupts trade routes and export markets. Growers report up to $1.4 million in weekly losses as shipments to key markets falter. Export Challenges Following attacks on Iran by the U.S. and Israel,…
In the vast, semi-arid plains of the Karoo, herds of angora goats roam freely across expansive farmland, forming the backbone of a global textile industry built on one of the world’s most prized natural fibres mohair. This sparsely populated region in South Africa produces more than half of the world’s…
President William Ruto announced that Kenya is set to diversify its energy mix by incorporating nuclear power, aiming to expand the country’s electricity generation from the current 3,300 MW to a target of 10,000 MW. Of this target, 3,000 MW will come from nuclear energy, the President said, during the…