africanews.com markets news headlines

The office of the Finance minister sought to reassure Ghanaians Monday (Apr. 15) saying an interim deal had been reached and that negotiations with bondholders were ongoing. Ghana and its creditors must reach a deal that is consistent with debt thres

The government announced Tuesday that the world's second-largest economy grew at a rate of 5.3% annually from January to March, surpassing the forecasted 4.8%. Compared to the previous quarter, the economy expanded by 1.6%.

The new ZiG currency which was supposed to be effective from April 8 was delayed until the April 30th, leaving the US Dollar, dominating the market.

The release of the report by the World Bank Group coincides with the launch of the body's Spring Meetings taking place Monday, April 15 through Saturday April 20.

Officially, the loan is meant to address Cairo's deteriorating fiscal situation and financial needs, notably after the outbreak of the Gaza war, the Houthi attacks in the Red Sea and the repercussions of the war in Ukraine. The sum is part of a bigge

The temporary suspension of export tariffs on East African flower exports represents a significant step forward in strengthening trade relations between the UK and East Africa.

This week's highlights: Rwanda leads coltan exports in 2023, ahead of the DRC; Tanzanian Tourism: Balancing Accessibility and Technology, and in Kenya, Purple Tea sparks a new wave of prosperity in plantations.

Currently, the country imports 60,000-70,000 metric tons of diesel per month, primarily from Saudi Arabia and the United Arab Emirates. Diesel arrivals in Sudan totaled approximately 116,000 metric tons in March, according to data from LSEG.

The USIP report comes as the US tries to catch up or become a competitor with China whose investment in Africa is heavily concentrated in the extractive sector.