Business

Turkey, US draft new roadmap to reach $100 billion trade goal

U.S. President Donald Trump shakes hands with President Recep Tayyip Erdoğan as they meet in the Oval Office of the White House in Washington, U.S., Sept. 25, 2025. AFP Photo By Daily Sabah Turkey and the United States are preparing a new strategy to boost bilateral commerce toward the long-standing $100 billion trade target, focusing

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EU pledges 11.5 billion euros of investment in South Africa

South African President Cyril Ramaphosa and European Commission President Ursula von der Leyen meet in Brussels, Belgium, October 9, 2025. Photographer Yves Herman By Reuters The European Union has pledged to invest 11.5 billion euros ($13.3 billion) in South Africa in clean energy, infrastructure and pharmaceutical projects, it said late on Thursday. A large chunk

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Gold crosses $4,000 for first time, building on historic rally

A shop attendant displays gold necklaces for the camera at a jewellery shop in the southern Indian city of Hyderabad June 30, 2009. Photographer Krishnendu Halder By Reuters Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further

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Kenya begins construction of global commerce center to boost trade with China

By Xinhua News Agency Kenyan President William Ruto on Wednesday launched the construction of the five-billion-shillings (about 38.7 million U.S. dollars) China-Kenya International Commerce Center, a project designed to strengthen Sino-Kenyan trade and investment. Senior government officials, industry executives, and local leaders attended the ground-breaking ceremony for the exhibition complex in Nairobi, Kenya’s capital, which

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Top 10 Cobalt Producers in Africa in 2025

By The African Exponent The Democratic Republic of Congo (DRC) is the undisputed global leader in cobalt production, supplying an estimated 75-80% of the world’s supply. Its output, a mix of large-scale industrial mines and vast artisanal mining, is so substantial that it dwarfs all other African nations combined. Beneath the DRC, a second tier

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Kenya eyes US trade deal by end of year, seeks five-year extension to Africa pact

By Reuters Kenya’s President William Ruto said on Wednesday his country expects to sign a trade, opens new tab deal with the United States by year-end and that he will be pushing Washington to extend its duty-free agreement with Africa for at least five years. Ruto will be meeting with U.S. Secretary of State Marco

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China’s landmark trade corridor witnesses enhanced connectivity, trade efficiency

A drone photo taken on Sept. 16, 2025 shows a view of the Qinzhou Port in Qinzhou City, south China’s Guangxi Zhuang Autonomous Region. As of August 2025, the New International Land-Sea Trade Corridor has expanded its reach to 577 ports in 127 countries and regions, handling over 1,316 product categories. Photographer Zhang Ailin By

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Sterling holds steady, propped up by rate outlook

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. Photographer Phil Noble/File Photo By Reuters The pound held steady on Wednesday, hemmed in by a firm dollar ahead of key U.S. inflation data this week, and by a degree of stasis ahead of

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Botswana signs $12B investment deal with Qatari firm to accelerate development

By Anadolu Agency Botswana’s President Duma Boko said Thursday that his country signed an agreement with Qatar’s Al Mansour Holdings, which will commit $12 billion in investments to accelerate national development goals. The deal was signed in partnership with state-owned Botswana Development Corporation. “This transformative partnership spans infrastructure, energy, mining, the diamond industry, agriculture, tourism,

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Canadian federal agency linked to Trudeau loses Ksh6.9 Billion in Kenya

By Kenyans A federal agency created by the Canadian government during the tenure of former Prime Minister Justin Trudeau is said to have lost Ksh6.9 billion after investing in a loss-making Kenyan company. According to reporting from the Toronto Sun, FinDev Canada, officially known as the Development Finance Institute, revealed in an internal memo that

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