Business

Africa’s big copper countries set their sights on the profits of trade

A piece of malachite, a copper ore, is seen at the bottom of Congolese state mining company Gecamines’ Kamfundwa open pit copper mine January 31, 2013. Photographer Jonny Hogg/File Photo By Reuters Africa’s biggest copper producers, the Democratic Republic of Congo and Zambia, are working on deals to gain exposure to metal trading as a

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Plan to get electricity to more Africans wins $8 billion in new pledges

Delegates attend the Africa Energy Summit in Dar es Salaam, Tanzania January 27, 2025. Photographer Emmanuel Herman/File Photo By Reuters An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than $8 billion from lenders including the Islamic Development Bank and the Asia Infrastructure Investment

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New direct shipping route booster of China-Europe trade

Photo taken on Jan. 24, 2025 shows the “KAWA Ningbo” cargo ship of the “China-Europe Express” in Wilhelmshaven, Germany. The first container ship of the “China-Europe Express”, the fastest direct route connecting Europe and China’s Yangtze River Delta region, arrived at its destination at the Jade Weser Port in Wilhelmshaven on Friday. Photographer Shan Weiyi

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Botswana expects 2025 economic growth rebound on better diamond market

Local workers queue to buy food at a makeshift food shops near a construction site of the Central Business District (CBD) in the capital Gaborone, Botswana, September 21, 2018. Photographer Siphiwe Sibeko/File Photo By Reuters Botswana’s economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official

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Sterling dips after data shows slower UK economic growth

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 fell on Thursday after data showed the British economy grew more slowly than expected in November, which could give the Bank of England more room to

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Shell writes down Namibia oil discovery in blow to country

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Photographer Chris Helgren/File Photo By Reuters Shell opens new tab will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in

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China-Africa cooperation energizes Global South growth

Containers are being loaded onto a truck at Lekki Port in Lagos, Nigeria, on Nov. 30, 2024. Lekki Port, a commercial cooperation project constructed by China Harbour Engineering Company Ltd., stands as Nigeria’s first deep seaport and one of the largest of its kind in West Africa. Photographer Wang Guansen By Xinhua News Agency As

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Turkey’s defence exports hit record $7.2B in 2024

By Anadolu Agency Turkey’s defence and aerospace industry achieved a significant milestone in 2024, recording $7.2 billion in exports, a 29% surge from the previous year, head of the Turkish Defense Industries Secretariat said on Friday. This achievement surpasses the year’s defence export target of $6.5 billion by 11%, Haluk Gorgun announced on X platform.

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Deep dive dents bullish year in U.S. equity market with mixed expectations in 2025

A monitor displays stock market information on the trading floor of the New York Stock Exchange (NYSE) in New York, the United States, on Aug. 5, 2024. Photographer Michael Nagle By Xinhua News Agency Though a “hawkish” rate cut by the Federal Reserve recently plunged the U.S. stock markets, the overall performance of major indices

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UK economy flat-lined in third quarter, in new setback for government

A woman walks across the road with her dog on the high street of Richmond, in London, Britain, October 11, 2024. Photographer Jaimi Joy/File photo By Reuters Britain’s economy failed to grow during the first three months of Prime Minister Keir Starmer’s new government, official figures showed on Monday, adding to signs of a slowdown

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