The United States has pledged support for the construction of a $10 billion international airport in Ethiopia, marking President Donald Trump’s first major business initiative in the Horn of Africa. The United States supports a $10 billion international airport project in Ethiopia, demonstrating interest in regional infrastructure. The U.S. Development Finance Corporation and Boeing collaborate…
Global markets witnessed a historic moment on Tuesday, October 1, as the price of gold surged to an all-time high of $3,870 per ounce, igniting a powerful rally across the sector and driving Zijin Gold International’s spectacular market debut in Hong Kong. Gold surged to a record $3,870 per ounce, marking a historic high in…
When most people think of African independence, they envision jubilant crowds celebrating, flags waving, colonial banners being lowered, and the birth of new nations; but as seen in nine countries, these celebrations are far from uniform and often differ in significant ways. Ethiopia, one of the few uncolonized nations, commemorates its sovereignty through events like…
Niger’s military leader, General Abdourahamane Tiani, was received with military honors by his counterpart in Mali, General Assimi Goïta, during a working visit to Bamako on Tuesday. Niger’s General Abdourahamane Tiani visited Mali, strengthening relations within the Alliance of Sahel States (AES). Discussions focused on security and economic collaboration among Mali, Niger, and Burkina Faso.…
South Africa’s embattled power utility, Eskom, has reported its first profit in eight years, marking a significant milestone in the country’s long-running battle with electricity shortages and financial instability. Eskom posted a R16 billion profit for the year ending March 2025, its first in eight years, reversing a R55 billion loss the previous year. Load-shedding…
After 25 years of shaping US-Africa trade, the African Growth and Opportunity Act (AGOA) officially expired on Tuesday, October 1, plunging African exporters into uncertainty and sparking fears of massive job losses across key industries. The African Growth and Opportunity Act (AGOA), a 25-year trade pact granting duty-free access to US markets, officially expired on…
When adjusted using the U.S. dollars, low wages in African countries indicate a deeper issue: people receive insufficient pay to satisfy basic needs such as food, housing, and healthcare. Low wages in African countries fail to meet basic living standards, leading to poverty and inequality. This wage insufficiency suppresses consumer demand and overall economic growth,…
