Economy

AFP- Rwanda and Botswana have signed six cooperation agreements aimed at deepening bilateral ties and boosting collaboration across key sectors including trade, transport and regional connectivity. Speaking during the state visit of Rwandan President Paul Kagame to Botswana, President Duma Boko said the partnership reflected a shared ambition for development …

SaharRagab Dr. Mohamed Hegazy, former Assistant Foreign Minister of Egypt, affirmed that India-Africa relations represent a unique model of partnership based on mutual respect and shared interests,  from political conditions or external agendas. He noted that the roots of this relationship date back to the historic alliance between late Egyptian …

Wagdy Abdelaziz The Indian Embassy in Cairo organized a press conference to announce the start of the fourth session of the India-Africa Forum Summit, which will take place from May 28 to 31, 2026. The conference was attended by the Indian Ambassador to Cairo, Suresh K. Reddy, Ambassador Mohamed Hegazy, …

Sahar Ragab The ongoing conflict in Iran is having significant economic repercussions far beyond the Middle East, with Kenya’s key agricultural export sectors—flowers and tea—reporting substantial losses due to disrupted global trade routes and weakened international demand. According to international reports, including coverage by the Financial Times, Kenyan flower exports—one …

Sahar Ragab In a keynote address at the extraordinary session of the Council of the Union of Arab Chambers, held at the headquarters of the League of Arab States, Ahmed Aboul Gheit warned that the Arab region is facing unprecedented challenges amid escalating regional tensions, stressing that the closure of …

Sahar Ragab The Egyptian African Businessmen Association, led by Yousry El-Sharkawy, continues its efforts to strengthen the presence of Egyptian businesses across Africa by encouraging its members to expand into key regional markets and build strategic partnerships. El-Sharkawy emphasized that the association adopts a proactive approach aimed at empowering new …

NAIROBI, Kenya (AP) — Rising diesel prices linked to the Iran war are adding urgency to a shift already underway across Africa to move cellphone towers off fossil fuels and onto solar power. Diesel, which powers the majority of Africa’s roughly 500,000 telecommunications towers, has become more expensive and sometimes harder to secure in …

CAPE TOWN, South Africa (AP) — A China policy giving Africa’s biggest economies tariff-free access to its market for the next two years came into effect Friday while its economic rival the United States seeks to impose new import taxes under President Donald Trump’s push for protectionism. The China deal covers Africa’s 20 largest economies, …

Iran Introduces Credit-Based Shopping Plan Amid Rising Prices and Inflation Fears Media outlets in Iran have reported that the government has approved a new economic plan allowing citizens to purchase essential goods on credit, with government subsidies serving as a guarantee for repayment. The move comes as authorities attempt to …

The HelloSafe Prosperity Index 2026 ranks Africa’s most prosperous nations, with Seychelles taking a clear lead at 98.09, followed by Mauritius (77.09) and Algeria (54.24). The HelloSafe Prosperity Index 2026 ranks Africa’s most prosperous nations using a 0–100 scale based on GDP (PPP), GNI, HDI, income distribution, and poverty levels. …