Business

Top 10 African countries importing the most from China in early 2026

By The African Exponent China has been Africa’s largest trading partner for more than two decades, but the nature of that relationship has shifted profoundly. In the early 2000s, trade growth was largely driven by low-cost consumer goods—textiles, electronics, household items—that filled retail markets across African cities. By 2024, however, customs data shows a clear

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Chinese FM puts forward proposals to further deepen China-Africa friendship

Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with Tanzanian Minister of Foreign Affairs and East African Cooperation Mahmoud Thabit Kombo, in Dar es Salaam, Tanzania, Jan. 9, 2026. Photographer Liu Qiong By Xinhua News Agency Chinese Foreign Minister Wang Yi met

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China’s top diplomat tours Africa with focus on strategic trade routes

Chinese Foreign Minister Wang Yi delivers delivers his speech at the opening ceremony of the Lanting Forum in Beijing, China, October 27, 2025. Photographer Maxim Shemetov By Reuters China’s top diplomat began his annual New Year tour of Africa on Wednesday, focusing on strategic trade access across eastern and southern Africa as Beijing seeks to

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Turkey’s defence, aviation exports cross $10B threshold in 2025

Turkey’s light combat aircraft, Hürjet, produced by Turkish Aerospace Industries (TAI), Ankara, Turkey, Dec. 30, 2025. AA Photo By Daily Sabah Turkey’s defence and aviation exports rose about 48% year-over-year to surpass $10 billion (TL 430 billion) in 2025, according to a top official on Saturday, thus breaking a new threshold for the sector. “We

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Turkey says Russia gave it $9 billion in new financing for Akkuyu nuclear plant

Turkish Energy Minister Alparslan Bayraktar speaks during a session of the Russian Energy Week international forum in Moscow, Russia, October 15, 2025. Photographer Ramil Sitdikov By Reuters Turkey’s energy minister said Russia had provided new financing worth $9 billion for the Akkuyu nuclear power plant being built by Moscow’s state nuclear energy company Rosatom, adding

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BP to sell 65% stake in Castrol to Stonepeak for $6 billion

Castrol motor oil bottles are seen in this illustration taken June 19, 2025. Dado Ruvic/Illustration/File Photo By Reuters BP, opens new tab has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan

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UK inflation slides to 3.2% before Bank of England rate decision

By Reuters British consumer price inflation fell unexpectedly sharply to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed on Wednesday, a day before the Bank of England is widely expected to cut interest rates. A Reuters poll of economists had shown a median forecast of a fall to 3.5%

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Top 10 African Countries with the Highest Intra-African Export Volumes 2025

By The African Exponent This ranking of the top ten African countries with the highest intra African export volumes in 2025 offers a grounded view of where regional trade is growing fastest. It also shows how each country’s economic structure, export diversification and investment in logistics combine to determine its position. Together these leaders illustrate

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UK financial sector makes slow progress on preparations for new settlement system

Skyscrapers of the Canary Wharf commercial district are seen with The Shard building and construction cranes reflected in a perimeter glass wall of the viewing area of Garden at 120, in the City of London financial district, in London, Britain, September 23, 2025. Photographer Toby Melville By Reuters Four in 10 financial businesses in Britain

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Trading platform eToro beats profit estimates as retail investors ride market boom

The eToro logo is displayed on a screen during the company’s IPO at the Nasdaq Market, in New York City, U.S., May 15, 2025. Photographer Brendan McDermid By Reuters Stock and crypto trading platform eToro beat estimates for third-quarter profit on Monday as retail investors maintained their buying streak despite bubble worries, sending shares up

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