Ethiopia has achieved its highest-ever export earnings, generating $8.3 billion in trade revenue—representing a 116% increase from the previous year, according to President Taye Atske-Selassie. President Taye announced during a joint session of Parliament on Monday to open the 2025/26 fiscal year. He said Ethiopia’s economy expanded by 9.2% duringContinue Reading
West African states intend to expand co-operation with Russia in the energy sector, including the implementation of projects in nuclear and hydropower. The statement was made by Chairman of the Board of Directors of First Atlantic Bank (Ghana) Amarquaye Armar during a panel discussion at the 2nd Creating theContinue Reading
China has called on the World Trade Organization (WTO) members to collectively safeguard and strengthen the rules-based multilateral trading system in order to tackle heightened trade turbulence, according to a Chinese envoy. The current global economic and trade situation continues to be “marked by increasing turbulence,” Li Yongjie, head ofContinue Reading
From 27 September, Aeroflot will resume regular flights from Moscow to the Seychelles, the airline’s press service reported. “Aeroflot, the Russian air carrier is resuming its direct flights from Moscow to the Seychelles and Sri Lanka ahead of the winter season,” the statement said. Flights to Mahé Island willContinue Reading
French energy company Total Energies, together with partners Qatar Energy and the Congolese national oil company SNPC, has been granted a license to explore the Nzombo field in the Republic of the Congo. This was announced in a company statement. Total Energies will hold a 50% stake in theContinue Reading
Trade between Russia and Egypt exceeded $9 billion in 2024, making Egypt Russia’s largest trade and economic partner on the African continent. The Russian Ministry of Foreign Affairs stated this in its Telegram channel, noting that 26 August marks the 82nd anniversary of the establishment of diplomatic relations betweenContinue Reading
Gazprom has signed a memorandum of cooperation with the Mongolian government aimed at developing a partnership in the oil and gas sectors. The document was signed during a working visit by a delegation from PJSC Gazprom led by Management Board Chairman Alexei Miller to Mongolia, Gazprom said. Miller held workingContinue Reading
Kenya is holding talks with China on converting its dollar debt into yuan as well as extending its repayment period, Bloomberg reported, citing a statement by Kenyan Finance Minister John Mbadi. According to him, the negotiations are aimed at helping Kenya reduce its annual debt servicing costs to China. “TheContinue Reading
Nigeria’s Dangote Group has appointed David Bird, a former Shell executive and ex-CEO of 0Q8 refinery in Oman, as chief executive of its refinery and petrochemical division, the company said on Saturday, as it accelerates its pan-African growth strategy. Bird, whose appointment took effect on August 1, brings overContinue Reading
The Industrial Development Corporation (IDC) of Zambia has signed a $1.1 billion agreement with Chinese company Fujian Xiang Xin for the construction of an oil refinery and energy complex in the city of Ndola. This was reported by the Zambia Daily Mail, citing IDC. The agreement was signed as partContinue Reading
