Woman holds British Pound banknotes in this illustration taken May 30, 2022. Reuters/Dado Ruvic/Illustration/File Photo By Reuters Sterling dropped versus the euro and the dollar on Monday, with geopolitical risks and central banks’ monetary policy path still in focus. The pound recorded its biggest daily fall last week since April after Bank of England Governor

China’s President Xi Jinping and Ghana President Nana Akufo-Addo review the Chinese People’s Liberation Army honour guard during the welcome ceremony at the Great Hall of the People in Beijing, China September 1, 2018. Nicolas Asfouri/Pool via Reuters/File Photo By Reuters Plans by African governments to raise money on China’s domestic debt markets via so-called

Egyptian Prime Minister Mostafa Madbouly, October 31, 2023. Photographer Mohamed Abd El Ghany/File Photo By Reuters Egypt aims to restore normal production at its natural gas fields by next summer, Prime Minister Mostafa Madbouly said on Thursday, signalling the government is moving to settle its arrears with production companies. Madbouly told a news conference that

China’s President Xi Jinping delivers a keynote speech at the opening ceremony of the ninth Forum on China-Africa Cooperation (FOCAC) Summit, at the Great Hall of the People in Beijing, China September 5, 2024. Photographer Florence Lo By Reuters President Xi Jinping pledged on Thursday to step up China’s support across the debt-distressed African continent

China’s President Xi Jinping attends Shanghai Cooperation Organization (SCO) summit in Astana, Kazakhstan July 4, 2024. Photographer Turar Kazangapov/File photo By Reuters China, Tanzania and Zambia signed an initial agreement to rehabilitate a decades-old railway aimed at improving the rail-sea transportation in resource-rich East Africa, Chinese state media said on Wednesday. President Xi Jinping witnessed

Chairman of the Adani Group Gautam Adani By The East African Adani Enterprises has set up a Kenyan subsidiary as it steps up its push to take over the running of Jomo Kenyatta International Airport, amid continued opposition among transport workers to the takeover by the Indian conglomerate. The flagship company of Gautam Adani’s sprawling

Credit Photo Twitter X /Mopti gold mines By The African Exponent Ghana remains the top gold producer in Africa. South Africa continues its long-standing tradition in gold mining. Sudan and Mali are emerging as significant contributors. Burkina Faso and Tanzania are also key players in the gold industry. Africa’s gold production is crucial to the

Ugandan Minister of Energy and Mineral Development Ruth Nankabirwa Ssentamu. Photographer Esa Alexander/File Photo By Reuters Uganda is exploring for oil in two new regions where potential discoveries of crude could increase the East African country’s proven reserves of 6.5 billion barrels, its energy minister said on Wednesday. Commercial quantities of crude oil were discovered

Ousmane Sonko speaks after he was appointed prime minister by Senegal’s newly-elected President Bassirou Diomaye Faye, in Dakar, Senegal April 2, 2024. Photographer Abdou Karim Ndoye/File Photo By Reuters Senegal has set up a commission of legal, tax, and energy sector experts to review its oil and gas contracts and work to rebalance them in

U.S. dollar banknotes are seen in this illustration taken March 10, 2023. Reuters/Dado Ruvic/Illustration/File Photo By Reuters The dollar was soft on Thursday, with the euro perched near an eight-month high after data showed U.S. inflation was slowing, underpinning wagers that the Federal Reserve could lower borrowing costs next month. The yen was steady at