Business

Ethiopia’s flagship investment forum secures over $13 billion in deals

By Xinhua News Agency Ethiopia’s flagship investment forum, dubbed “Invest in Ethiopia,” concluded on Friday with the signing of investment agreements worth over 13 billion U.S. dollars. The fourth edition of the forum was held under the theme “Ethiopia: Ready for Business” in Addis Ababa, the country’s capital, attracting hundreds of investors, business leaders, and

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Kenya says it has finalised trade deal negotiations with China

Chinese President Xi Jinping and Kenyan President William Ruto shake hands during a signing ceremony at The Great Hall of The People on April 24, 2025 in Beijing, China By Reuters Kenya has finalised negotiations ​over a trade deal with China, two months after ‌announcing a preliminary agreement that would grant the East African country

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South Africa’s gold producers stay in the shallows as prices surge

Gold bars are displayed to be photographed at bullion house in Mumbai December 3, 2009. Photographer Arko Datt By Reuters Record gold prices are pushing South Africa’s beleaguered mining industry to find new ​ways to recover the metal that sidestep the costly deep-shaft mining of old, industry executives said. But with ‌no boom in new

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China targets GDP growth of 4.5% to 5%, vows to oppose hegemonism

By Anadolu Agency China set its 2026 economic growth target at 4.5%-5%, slightly lower than the 5% achieved last year, as the National People’s Congress (NPC) convened Thursday in Beijing for its annual session. According to a government report delivered to the NPC, the main targets for development include a surveyed urban unemployment rate of

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Top 10 African countries where Chinese companies have the largest manufacturing presence in 2026

File Photo/Somali Times By The African Exponent Chinese Manufacturing Footprint in Africa China’s industrial expansion in Africa has gone beyond investment in infrastructure and natural resources to include manufacturing, a sector increasingly central to the continent’s industrialization ambitions. Over the past decade, Chinese companies have established operations in automotive assembly, electronics, construction materials, textiles, and

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Turkey increases its footprint in naval drone exports

The ULAQ armed unmanned surface vessel (AUSV) developed for the Qatari Coast Guard by Ares Shipyard and ULAQ Global is seen in this photo at an undisclosed location, Jan. 3, 2026. ULAQ Global Handout via AA Photo By Daily Sabah The booming Turkish defence industry is taking its success to the sea as it boosts

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Turkey to press ahead with airport expansion projects in 2026

Aircraft are seen at Istanbul Airport, Istanbul, Türkiye, March 12, 2025. Photo Credit Shutterstock By Daily Sabah Turkey plans to complete major airport capacity expansion and renovation projects across the country in 2026, official documents show, as its aviation infrastructure faces rising passenger and air traffic volumes. The expansion drive began this week with the

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Gold notches yet another record, silver hits $90 on Fed cut bets

By Reuters Gold climbed on Wednesday to hit yet another record and silver surpassed the previously unseen $90 mark, as softer-than-expected U.S. inflation reading reinforced bets on interest rate cuts amid ongoing geopolitical uncertainty. Spot gold rose 1% to $4,633.40 per ounce as of 05:25 a.m. GMT, after hitting a record high of $4,639.42 earlier

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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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