Spiro signs $50m debt facility pact with Afreximbank to accelerate expansion
Omeiza Bilal Spiro says it has signed heads of terms for $50 million debt facility with the African Export-Import Bank...
World Economy
Afreximbank, ITFC collaborate to advance trade, projects in Africa
Afreximbank says it has concluded arrangements for a facility of $250 million with the International Islamic Trade Finance Corporation (ITFC)...
Friends of the Earth but not Friends of Africa: How an environmental group is deepening African energy poverty
The second annual Invest in African Energy Forum was held in Paris from May 14-15, uniting over 750 African officials...
U.S targets China, ends tariff exemption for some solar imports
The United States Government is cancelling tariff exemptions for certain solar imports. The latest step is aimed primarily at China,...
AfDB pledges $2bn to fast-track access to clean cooking in Africa
The African Development Bank Group pledged $2 billion over 10 years towards clean cooking solutions in Africa. This is a...
More diversified trade can make Middle East, Central Asia more resilient
Dislocations from the pandemic, geoeconomic fragmentation, and Russia’s war in Ukraine have shifted world trade dynamics. While this has created...
Global oil demand to rise by 2.25mbpd in 2024
The Organization of Petroleum Exporting Countries, OPEC, has again expressed optimism on robust oil market growth. In its Monthly Oil...
China firmly opposes U.S. tariff hike on Chinese goods
China has firmly opposed and lodged solemn representations over the further increase of additional tariffs on some Chinese goods by...
China launches biggest fully electric container ship
COSCO Shipping, a Chinese government-owned company, has introduced the biggest river-to-sea electric container ship ever, named the Green Water 01....
Hopes fade for production curbs in new global pact on plastic pollution
Hopes for a new global treaty to include limits on rocketing production of plastic worldwide have faded after government negotiators...
