Over the last two decades, Chinese loans have played a significant role in shaping Africa’s infrastructure. Over the last two decades, Chinese loans have played an instrumental role in developing Africa’s infrastructure, addressing gaps in key sectors such as transportation and energy. Although Chinese lending has historically peaked in the early 2010s, recent trends indicate…
Several African economies, now including Zambia, which had in previous years encountered considerable economic challenges, have begun the new year with amazing economic gains. Several African economies are demonstrating a trend of economic recovery, with notable improvements in inflation rates. Zambia reported a decrease in the inflation rate to 9.4%, the first single-digit figure in…
Saudi Arabia and Nigeria have signed their first-ever bilateral agreement on the recruitment of general workers, creating a formal labour corridor between one of Africa’s largest economy and the Middle East’s biggest labour market. Saudi Arabia and Nigeria signed a bilateral agreement to establish a regulated labor recruitment partnership. The agreement aims to formalize Nigeria’s…
