Founder and Chief Executive of the Dangote Group Aliko Dangote. Credit Photo Reuters By The African Exponent Who are the wealthiest and most influential business leaders in Africa? These billionaires are not just accumulating wealth—they are shaping industries, driving economic growth, and leaving a lasting impact. This ranking is based on their net worth, economic

By Xinhua News Agency U.S. President Donald Trump said Monday that 25 percent tariffs on Mexico and Canada will take effect on Tuesday, March 4. “Very importantly, tomorrow, tariffs, 25 percent on Canada and 25 percent on Mexico, and that’ll start,” Trump told reporters at the White House. “What they have to do is build

U.S. President Donald Trump speaks during a press conference at the White House in Washington, D.C., the United States, Feb. 4, 2025. Photographer Hu Yousong By Xinhua News Agency While tariffs would raise revenue, they would reduce GDP growth and actually hurt the U.S. economy, an economist said. U.S. President Donald Trump on Thursday signed

Some African countries are homes to some of world’s leading oil reserves/File Photo By The African Exponent Deep Dive What does it mean to be one of Africa’s oil giants? It’s not just about how much crude is underground—it’s about production, infrastructure, and how well a country manages its reserves. Some African nations sit on

Flags of the European Union fly outside the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium, Jan. 29, 2025. Photographer Meng Dingbo By Xinhua News Agency The European Commission on Monday rejected the rationale for new U.S. tariffs on European exports, vowing to protect businesses, workers, and consumers across the bloc. The statement came

BP logo and stock graph are seen in this illustration taken May 1, 2022. Reuters/Dado Ruvic/Illustration/File Photo By Reuters Shares in BP, opens new tab rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for board changes

Containers with goods ready for shipping. File Photo By The African Exponent According to recent data from the World Bank’s WITS platform, Sub-Saharan Africa’s total exports amount to approximately $396.4 billion. Some African countries on the list are raising their export revenue through the production and export of electrical and mechanical products. South Africa remains

Chinese President Xi Jinping shakes hands with Sultan of Brunei Haji Hassanal Bolkiah Mu’izzaddin Waddaulah at the Great Hall of the People in Beijing, capital of China, Feb. 6, 2025. Xi held talks with Hassanal, who is on a state visit to China, in Beijing on Thursday. Photographer Huang Jingwen By Xinhua News Agency Chinese

Financial Markets. Photographer Seth Wenig By The Associated Press Worries about President Donald Trump’s tariffs are hurting U.S. stocks Monday as financial markets worldwide drop on concerns about a potential trade war. The S&P 500 was down 1% in morning trading following worse losses for stock markets across Asia and Europe. The Dow Jones Industrial

This photo taken on Jan. 29, 2025 shows the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium. Photographer Meng Dingbo By Xinhua News Agency The European Commission on Sunday criticized U.S. President Donald Trump’s tariff imposed upon three countries, saying they disrupt global trade and are harmful to all, and vowing to hit back