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Economy
Resources, markets, and the contest over the continent's wealth.
Economy - 7 July 2026
Sudan Partners with China Harbour to Modernize Port Infrastructure
PORT SUDAN, July 7, 2026 - Sudan has signed a cooperation agreement with China Harbour Engineering Company (CHEC) to upgrade port infrastructure, modernize equipment, and strengthen the country’s position as a regional trade hub.
By Jean-Marc Okito - 2 min read
Economy - 6 July 2026
Sudan Turns to Alternative Economic Alliances Amid Pressure from Western Sanctions
KHARTOUM, July 6, 2026 - Sudan’s government has adopted new economic strategies aimed at reducing the impact of Western sanctions and limiting the country’s dependence on traditional financial and trade partners, as the…
By Jean-Marc Okito - 2 min read
Economy - 6 July 2026
DRC Enacts Local Content Law to Increase Congolese Participation in Natural Resource
Kinshasa, July 6, 2026 - The Democratic Republic of Congo has taken a major step toward strengthening local participation in its economy with the enactment of a Local Content Law aimed at ensuring that the country's…
By Amina Kabasele - 2 min read
Economy - 6 July 2026
Tadjourah Launches Initiative to Empower Young Entrepreneurs
Tadjourah, July 6, 2026 - Djibouti's Tadjourah region has launched a new initiative to strengthen youth entrepreneurship, bringing together local authorities, development partners, and aspiring business owners in a bid…
By Sarah Ndaya - 2 min read
Economy - 5 July 2026
Djibouti and Algeria Explore New Energy and Mining Cooperation Opportunities
DJIBOUTI CITY, July 5, 2026 - Djibouti and Algeria are seeking to strengthen cooperation in strategic sectors including energy, hydrocarbons, mining, and technical expertise, as officials from both countries discuss new…
By Sarah Ndaya - 2 min read
Economy - 5 July 2026
Djibouti Strengthens African Economic Integration Through High-Level AU Talks
Addis Ababa, July 5, 2026 - Djibouti reaffirmed its commitment to African economic integration as Minister of Trade and Tourism Orbis Elaf Orbis held high-level discussions with the Chairperson of the African Union…
By Amina Kabasele - 2 min read
Economy - 5 July 2026
Zambia Hails Rwanda's Development as Model for Africa
LUSAKA, Zambia, July 5, 2026 - The Zambian government has described Rwanda's transformation since the 1994 Genocide against the Tutsi as a source of inspiration and an important lesson for Africa, praising the country's…
By Amina Kabasele - 2 min read
Economy - 4 July 2026
Sudan Withdraws Small Banknotes as Inflation Weakens Pound’s Value
KHARTOUM, July 4, 2026 - Sudan’s Central Bank has announced the withdrawal of small-denomination banknotes from circulation, giving citizens a three-month period to deposit the affected currencies into commercial bank…
By Sarah Ndaya - 2 min read
Economy - 4 July 2026
Gatsibo Rice Farmers Invest Over Rwf3.1 Billion in Community Development Projects
GATSIBO, Rwanda, July 4, 2026 - A rice farmers' cooperative in Gatsibo District has invested more than Rwf3.1 billion in community development projects, including a hotel, a farmers' supply store, healthcare services…
By Sarah Ndaya - 2 min read
Economy - 4 July 2026
Sudan Revokes Fintech License Amid Scrutiny Over Digital Banking Expansion
KHARTOUM, July 4, 2026 - Sudan’s Central Bank has revoked the operating license of Al-Asjad for Smart and Digital Solutions, a local financial technology company, following controversy surrounding its recent launch and…
By Jean-Marc Okito - 2 min read
Economy - 1 July 2026
UN Experts Estimate Hundreds of Millions of Dollars in Ituri Gold Smuggled Through
Kinshasa, July 1, 2026 - Hundreds of millions of dollars' worth of gold extracted from Ituri Province is being illegally smuggled out of the Democratic Republic of Congo, primarily through Uganda, according to recent…
By Amina Kabasele - 2 min read
Economy - 1 July 2026
Sudan Central Bank Injects Foreign Currency to Stabilize Exchange Market
KHARTOUM, July 1, 2026 - Sudan's central bank has injected 400 million United Arab Emirates dirhams into commercial banks as part of emergency measures aimed at supporting import financing and slowing the rapid…
By Sarah Ndaya - 2 min read