A photo combo of Confederation of African Football (Caf) President Patrice Motsepe (L) and Tanzanian investor Mohammed Dewji. By The East African Football in Africa is some sort of religion. But beyond the passionate cheers and talent, it has started making business sense, attracting some of the richest folk in the land. Two prominent figures,

By Xinhua News Agency China has remained Africa’s largest trading partner for 15 consecutive years, with bilateral trade reaching a record 282.1 billion U.S. dollars in 2023, a Ministry of Commerce official said on Wednesday. “Economic and trade cooperation is the ballast and propeller of China-Africa relations,” said Ministry of Commerce official Jiang Wei said

Tanzania’s President Samia Suluhu Hassan (L) and her Indonesian counterpart Joko Widodo wave during a visit at the Bogor palace in West Java, Indonesia on January 25, 2024. Photo/AFP By The East African Tanzania’s President Samia Suluhu has signed five agreements with Indonesia during the just concluded official trip to the Asian country. According to

By Anadolu Agency The US State Department approved Friday the pending $23 billion sale of F-16 aircraft and modernization kits to Türkiye, sending formal notification to Congress. “This proposed sale will support the foreign policy goals and national security of the United States by improving the air capabilities and interoperability of a North Atlantic Treaty

The logo of Germany’s Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside an office building of the BaFin in Bonn, Germany, April 15, 2019. Photographer Wolfgang Rattay By Reuters The head of Germany’s financial market regulator said that 2024 will be less rosy for bank profits and that commercial property was the

By Business Daily Africa The International Monetary Fund (IMF) Executive Board has approved the disbursement of Sh109.8billion ($684.7 million) to Kenya. The approval made on Wednesday follows the completion of the sixth review of Kenya’s multi-year arrangement with the fund under the Extended Fund Facility (EFF) and Extended Fund Facility (ECF) and the first review

File – Shoppers walk along Oxford Street during the Boxing Day sales in London, Tuesday, Dec. 26, 2023. Inflation across the United Kingdom increased unexpectedly last month as a result of sharp hike in tobacco and alcohol prices. The Office for National Statistics said on Wednesday, Jan. 17, 2024, that inflation, as measured by (AP

A view of the newly-commissioned Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. Photographer Temilade Adelaja By Reuters Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000 barrel per day (bpd) plant. The refinery, Africa’s largest, was built

By Anadolu Agency In the face of persistent sanctions, Russia’s economic landscape at the year’s end presents a compelling narrative of resilience and growth. Despite the challenges posed by external pressure and earlier negative forecasts, Russia’s GDP growth in 2023 is expected to be 3.5%, Russian President Vladimir Putin said during a live broadcast on

A general view shows the cityscape of Ethiopia’s capital Addis Ababa, January 29, 2017. Photographer Tiksa Negeri/File Photo By Reuters Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this