Economy
World / Countries / MNCs
New York: The robust growth that many African countries experienced before COVID-19 was lost to the pandemic, UN Secretary-General António Guterres said on Wednesday, highlighting the need to scale up efforts towards a single trade market on the continent. more
China’s Huawei seeks to lead 5G boom in Africa amid ban in Europe, US

Beijing: Chinese smartphone maker Huawei Technologies Co is trying to further increase its investments for “digital transformation” in Africa, amid bans faced in Europe and th ...

West Africa: Extreme poverty rises nearly 3 per cent due to COVID-19

New York: Extreme poverty in West Africa rose by nearly three per cent in 2020, another fallout from the COVID-19 pandemic, a UN-backed report launched on Thursday that looks at the socio ...

Congo: Pressure mounts between Chinese cobalt mine workers and their Chinese bosses

Beijing: Chinese companies are slowly entering the southeastern Democratic Republic of Congo (DRC) in search of  cobalt recently, triggering a new conflict in the region.

Illicit capital robbing Africa and its people of their future: UN trade and development chief

New York: Every year, an estimated $88.6 billion, which is equivalent to 3.7% of Africa’s GDP, leaves the continent in the form of illicit capital, according to UN trade and develop ...

Trade pact could boost Africa’s income by as much as $450 billion: World Bank

New York: The African Continental Free Trade Area represents a major opportunity for countries to boost growth, reduce poverty, broaden economic inclusion and help “expand opportuni ...

Economic impact of coronavirus threatens hard-won progress across Africa’s Great Lakes region

New York : Sweeping preventative measures seem to be curbing the spread of COVID-19 in the Great Lakes region of Africa, but the economic impact of the global pandemic threatens hard-won ...

Job creation around agriculture can spur youth employment in Africa – UN agency

New York, Feb 23 (JEN): Agriculture will continue to generate employment in Africa over the coming decades, but businesses around farming, including processing, packaging, transportation, ...