Economy

A new report from the African Export-Import Bank (Afreximbank) reveals that Nigeria, along with nine other African nations, is responsible for 69 percent of the continent’s total external debt. The document, titled African Debt Outlook: A...

Germany has halted new financial aid to Rwanda over accusations that it is backing the M23 rebel group in eastern Congo, the country’s development ministry announced on Tuesday. The ministry stated that, "in consultation with partners,"...

Tech billionaire Elon Musk on Sunday signalled support for the United States to withdraw from NATO and the United Nations. His response came in agreement with a post on X, the social media platform previously known...

Other African nations are making significant strides in uncovering new crude oil reserves, while Nigeria has been noticeably absent from the latest discoveries. Recent data from S&P Global reveals that Africa accounted for 35 percent of...

By Emmanuel Nduka  King Mohammed VI of Morocco has called on citizens to forgo the traditional sheep sacrifice during this year’s Eid Al-Adha holiday, citing the country's ongoing economic challenges and the devastating impact of climate...

By Enyichukwu Enemanna Guinea-Bissau's President, Umaro Sissoco Embaló, visited the Kremlin on Wednesday, where he held talks with his Russian counterpart, Vladimir Putin. This marks Moscow's latest move to strengthen economic and security ties with African...