Nigeria's Impressive Foreign Trade Surge Nigeria's foreign trade has reached remarkable new heights, surging to $172.5 billion—a significant 106.56% increase from the prior year. The country has recorded a substantial trade surplus of $21.1 billion, with exports soaring to $96.9 billion against $75.8 billion in imports.The top ten trading par...

 Finance Minister Unveils Controversial VAT Increase In a bold fiscal move, South Africa's Finance Minister, Enoch Godongwana, has announced a 0.5% increase in Value Added Tax (VAT) for the current financial year. An additional 0.5% hike is also planned for 2026. These steps aim to shore up government revenues amidst complex political dialogue...

 Sudan Imposes Ban on Kenyan Imports as Relations Sour Sudan has announced an immediate ban on all imports from Kenya in response to Kenya's decision to host leaders of Sudan's opposing civil war factions. This bold move marks a significant escalation in diplomatic tensions, as Sudan accuses Kenya of meddling in its domestic affairs.The Sudane...

 The U.S. Export-Import Bank has reauthorized a $4.7 billion loan for TotalEnergies' Mozambique liquefied natural gas (LNG) project. Initially approved under the Trump administration, the project faced delays due to security concerns in Cabo Delgado. This funding is crucial for the ambitious $20 billion initiative, aiming to position Mozambiqu...

Женщины - одни из наиболее уязвимых во время войн и больше страдают от их последствий, не защитив их права невозможно построить устойчивый мир. Как сообщает Report, об этом заявила президент Национального совета по правам человека, бывший министр по делам семьи и народонаселения Египта (2009–2011) Мушира Хаттаб на панельной дискуссии в рамках XII Г...

Министерство иностранных дел Сомали заявило, что эта страна категорически отвергает возможность размещения беженцев и перемещенных лиц из сектора Газа на своей территории. Как пишет «ХаАрец», это заявление стало ответом на информацию агентства Associated Press (AP) о том, что с такой просьбой к правительству этой страны обратились Израиль и США. Ка...

 США и Израиль обратились к странам Африки для обсуждения возможного переселения палестинцев из сектора Газа в попытке реализовать план, предложенный американским президентом Дональдом Трампом. Об этом сообщило агентство Associated Press (AP). По данным американских и израильских официальных лиц, дипломатические переговоры были начаты с Судано...

 An Egyptian wrestler and strongman on Thursday set a new Guinness World Record by pulling a 279 tonne train using only his strength and his teeth . Ashraf Kabonga – also known as Ashraf Mahrous -- pulled the locomotive and several carriages nearly 10 metres along the tracks at the Ramses Station in Cairo.Crowds of people gathered to watch and...

 The European Union has announced a €4.7 billion ($5.1 billion) investment package for South Africa to support green energy and vaccine production, marking a significant step in strengthening economic and political ties. The commitment was made during the first bilateral summit between the EU and South Africa in seven years, held at President ...

 Africa's gross domestic product (GDP) is projected to grow by 3.8% in 2025 and 4.1% in 2026, according to a report by the United Nations Economic Commission for Africa (UNECA) released Wednesday in Addis Ababa during the 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development. The report, presented b...

 Economic Reforms and Challenges The IMF's aid package is aimed at helping Egypt undertake necessary economic reforms to address its fiscal challenges. The government has committed to implementing policies that include reducing public debt, restructuring subsidies, and enhancing the business environment to attract foreign investment. These eff...

 Regional Impact The involvement of Angola as a mediator introduces a new dynamic in the longstanding conflict, seeking to facilitate dialogue and de-escalate tensions. Angola's President, João Lourenço, has expressed optimism that these negotiations could pave the way for a lasting peace agreement. The initiative also underscores Angola's gro...

Enhancing Trade PartnershipsAccording to analysts, Nigeria's impressive trade performance in 2024 is attributed to strategic government policies and improved infrastructure, which have facilitated smoother trade operations. The diversification of export products is also seen as a crucial factor, although petroleum products remain dominant. The gove...

Ethiopia has officially launched its own drone manufacturing industry, marking a major leap in the country's defensive and technological capabilities. While inaugurating Sky Wing Industry, the company behind the drone production, Prime Minister Abiy Ahmed outlined plans to sustain the industry. Among other things, his administration aims to support...

 South Sudan is on the brink of renewed conflict as tensions between President Salva Kiir and Vice President Riek Machar escalate. Last week, Kiir ordered the arrest of key Machar allies, including military officials and ministers. Soldiers also surrounded the vice president's home, effectively placing him under house arrest. The crackdown fol...

 Seven oil companies in Nigeria have committed to paying $37.4 million in outstanding debts to the federal government by August 2025, following an investigation by the House of Representatives' Public Accounts Committee. The probe revealed a staggering $6.39 billion owed by 48 oil firms, including Shell, Chevron, and Seplat. The debts include ...

 Africa's creative economy, valued at nearly $59 billion, is gaining global attention despite representing a small fraction of the $2 trillion global industry. Netflix's $200 million investment in African markets and Canal+'s planned acquisition of Multichoice highlight the continent's growing commercial appeal. Efforts to boost the sector inc...

 Delta Air Lines is expanding its African presence with new routes set to launch in late 2025. Starting October 25, 2025, the airline will introduce thrice-weekly flights between Atlanta and Marrakech, Morocco, making the city more accessible to U.S. travelers. Additionally, beginning December 1, 2025, Delta will offer seasonal daily nonstop f...

6 марта 2025 года Камерунская диаспора в России собрала более 60 девушек и женщин из Камеруна и других африканских стран из разных городов России на уникальное мероприятие, посвященное Международному женскому дню. Содержательный и вдохновляющий день стал не только праздником, но и форумом для обсуждения важных вопросов, касающихся здоровья, благопо...

 President Donald Trump's recent announcement of new tariffs on steel and aluminium imports has raised significant concerns in South Africa. The rand weakened ahead of local GDP data releases, with investors apprehensive about potential U.S. tariffs affecting trade. Nedbank's CEO, Jason Quinn, expressed that these tariffs "may not be good" for...