Market

Chinese Lending at 13-Year Low; US Pledges Africa Investment

Recent visits to Africa by U.S. Ambassador to the U.N. Linda Thomas-Greenfield and U.S. Treasury Secretary Janet Yellen came as a new study found China’s overseas investments in the COVID-19 era are at a 13-year low. China has invested heavily in Afric…

Central African States Fail to Honor Timber Export Ban

Officials say most member states in the Central African Economic and Monetary Community, CEMAC, have failed to honor a ban on raw timber exports that was enacted last year to conserve forests and create jobs by locally processing wood.The six member co…

AfDB and partners mobilise $30 billion for African farmers

DAKAR— The Dakar 2 Feed Africa Summit ended with a $30 billion pledge by the African Development Bank (AfDB) and development partners to finance food and agribusiness on the continent in the next five years.Of the amount announced at the summit held in…

Yellen Stresses US Commitment to Alleviate World Hunger

LUSAKA, ZAMBIA — On the final day of her visit to Zambia, U.S. Treasury Secretary Janet Yellen discussed climate-resilient food production and the global fallout from Russia’s war on Ukraine.On her second day in Zambia, Treasury Secretary Janet Yellen …

Meloni won’t back down, gas-station strike confirmed

ROME, Premier Giorgia Meloni said Monday that her government has no intention of backing down on a decree designed to boost fuel-price transparency that has angered Italy’s gas-station operations and led them to call a 48-hour strike for Wednesday and …

Mediterranean is strategic for Italy, says Meloni in Algiers

ALGIERS, 23 GEN – Italian Premier Giorgia Meloni on Sunday flew to Algiers for a two-day visit focusing on energy, gas and industrial development opportunities – central themes for her first official bilateral trip abroad. During her visits to Algiers,…