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AfricaEconomy

DR Congo may opt using Russian payment system

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Authorities in DR Congo are considering the move due to difficulties in settlements with Moscow Exclusive News According to RT News, the Democratic Republic of the Congo may start using the Mir payment system, Russia’s alternative to Visa and Mastercard, to facilitate transactions with Russian partners, Congolese ambassador to Moscow, Ivan Vangu Ngimbi, told RIA Novosti news agency on…
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WarWorld

Lula blames US for encouraging war in Ukraine

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The Brazilian leader delivered the comments as he concluded a state visit to China Exclusive News According to RT News, the United States and its allies should focus on promoting peace instead of fueling the Ukraine conflict by arming Kiev, Brazilian President Lula da Silva said on Saturday as he concluded a state visit to China, his country’s primary trading partner. “The…
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EconomyWorld

Restaurant prices surge in America

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Restaurant prices have surged by nearly 9% year-on-year, according to the Department of Labor Exclusive News The cost of eating at restaurants in the US outpaced grocery prices on a 12-month basis in March for the first time since mid-2021, Labor Department data showed on Wednesday. According to the calculations, restaurant prices have risen 8.8% over the last 12 months, surging for…
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AfricaEconomy

Egypt claims Ethopia is buying time in Nile Dam disputes

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Cairo has claimed Addis Ababa only agreed to negotiations in order to continue filling the river Exclusive News Egypt has accused Ethiopia of attempting to “buy time” with negotiations while continuing to build a disputed dam on the Nile River without agreement. “The continuation of the negotiations for 10 years without results is evidence of Ethiopian intransigence,”…
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AfricaEconomy

Russia increases gasoline exports to Africa

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The country shipped over 800,000 tons of the fuel to the continent in the first quarter as it redirected deliveries from the EU Exclusive News Russia’s gasoline exports surged by nearly 50% year-on-year in the first quarter of 2023, largely due to increased shipments to Africa, Reuters reported on Thursday, citing Kpler ship tracking data. Russia’s total gasoline exports over…
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AfricaPolitics

Peter Obi detained in London

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The Nigerian opposition leader, Peter Obi was held for several hours at Heathrow Airport for alleged identity theft Exclusive News Nigerian opposition politician Peter Obi was detained for several hours at London’s Heathrow Airport earlier this month, it has emerged. The Labour Party leader, who was traveling to the UK to celebrate Easter, was held for alleged identity theft, according…
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AfricaEconomyWorld

New Indian foreign policy to erase US dollar dominance

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The Chinese yuan may be the perfect foil for the rupee to usher in a new multipolar order for global trade Exclusive News According to RT News, India’s new foreign trade policy, which took effect on April 1, seeks to pivot away from the US dollar’s hegemony and promote the country’s own own national currency, the rupee, in a bid to boost exports and conserve its foreign exchange…
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