West Africa’s foreign reserves, valued at about $67 billion and managed by the Central Bank of West African States (BCEAO), remain largely held through European banks and vaulting hubs,...
The Beijing-based company said it will establish a new entity to develop a 1.2 million-ton-per-year alumina plant in Guinea, deepening China’s growing footprint in Africa’s bauxite-rich economies. Under the agreement,...
The $20 billion refinery, which has ramped up to near its 650,000 barrels-per-day capacity, was highlighted by S&P as a key factor behind Nigeria’s long-term sovereign rating upgrade to B from...
Oil market participants are increasingly pricing crude to be capped near US$100 (RM396.50) a barrel over the next year, as demand is forced to slow down to counter millions of...
Japan is displaying some resilience despite energy shocks. Its trade balance remained in the surplus zone, driven by stronger-than-expected exports. Machinery orders were also stable in the first quarter....
When markets were still apprehensive about the early warnings of COVID-19, billionaire investor Bill Ackman was bracing for impact. The World Health Organization officially declared the pandemic on March...
The multibillion-dollar initiative, announced on Wednesday, May 20, 2026, will be driven through the bank’s newly consolidated Guarantee Platform, a financial risk-sharing mechanism designed to attract private investors into...
The expansion, which industry experts say could reshape Zimbabwe’s labour market and export economy, comes as global demand for strategic minerals used in electric vehicles, energy storage and industrial...
Despite the end of China’s export tax refunds on April 1, exports of Chinese solar cells and panels continued to surge in April as demand for solar installations in...
The Reserve Bank of India will again make a record surplus transfer to the government for this April-to-March fiscal year, a windfall that economists polled by Reuters said would...