Economy

A bipartisan group is demanding that Pretoria be prevented from hosting a US-Africa trade forum, over its ties to Russia Exclusive News Four American lawmakers say they are “seriously concerned” that South Africa is set to host a planned US-Africa trade summit later this year and are urging the White House to move it to another country, citing Pretoria’s “deepening” ties with…

Armed men slaughtered 46 people with knives and firearms, and burned others in their homes in Ituri, local authorities say Exclusive News Militants attacked a camp for displaced people in the Democratic Republic of Congo’s Ituri province early on Monday, killing at least 46 people, according to RT News. Local authorities blamed the Lala camp attack on the Cooperative for the…

South Africa had overtaken the West African country in 2021 as the largest producer on the continent Exclusive News Ghana has reclaimed its position as Africa’s leading gold producer, after having lost it to South Africa in 2021. The West African country increased domestic gold production by 32%, from 2.8 million ounces in 2021 to 3.7 million ounces in 2022, raising it to the top of…

Egypt is in talks to use local currencies with India, China, and Russia, the news agency reported Exclusive News Egypt is planning to shift away from the US dollar in mutual trade with several member states of the BRICS economic bloc, Egyptian Supply Minister Ali Moselhy said Monday, as quoted by Reuters. According to Moselhy, Egypt is seeking to use local currencies to pay for its…

Pretoria could lose $32.4 billion in export revenue due to its position on Ukraine, a major asset management company predicts Exclusive News South Africa is aware that it’s on the verge of being punished by the United States for its non-aligned stance in the Russia-Ukraine conflict, Govan Whittles, a senior South African journalist, has told RT. Whittles said Pretoria has taken…