Business

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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German carmakers hit by U.S. tariffs, eye closer China-EU cooperation

Visitors look at Volkswagen cars at the 21st Shanghai International Automobile Industry Exhibition in east China’s Shanghai, May 1, 2025. Photographer Fang Zhe By Xinhua News Agency Since April, a sharp hike in U.S. tariffs on EU-made vehicles has dealt a heavy blow to Europe’s auto industry, causing steep declines in the profits of Germany’s

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Top 10 richest African countries in early 2025

By The African Exponent Africa’s total economic output crossed $2.8 trillion in 2025, with the top 10 economies accounting for more than 76% of the continent’s GDP. Nigeria, Egypt, and South Africa remain at the forefront, but resource-driven countries like Algeria and Angola saw notable gains due to increased demand for fossil fuels and metals.

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India to maintain Russian oil imports despite Trump threats, government sources say

A view shows oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. Reuters/Stringer/File Photo By Reuters India will keep purchasing oil from Russia despite U.S. President Donald Trump’s threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the

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Oil rises as US-EU deal boosts trade optimism

A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Photographer Pavel Mikheyev/File Photo By Reuters Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China,

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Italy’s exports under strain amid U.S. tariffs and currency headwinds

A parachutist performs during the Republic Day celebrations in Rome, Italy, June 2, 2025. Photographer Alberto Lingria By Xinhua News Agency As a trade deal between the United States and the European Union (EU) remains unresolved, Italy is grappling with dual challenges: a new round of U.S. tariffs that could directly hit its export-reliant economy

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