The UNCTAD Report states that a large sum of money is necessary to repair the devastated infrastructure and economy in Gaza.
Geneva — A report from the United Nations Conference on Trade and Development (UNCTAD) states that reversing the effects of border closures, military actions, and de-development in Gaza will require billions of dollars in international economic assistance. The report was…
The recent ruling by the court on the multibillion-dollar gas deal has been met with praise from Nigerians.
ABUJA, NIGERIA — The Nigerian government has expressed approval for the decision made by a London court on Monday, which nullified a $11 billion fine related to a failed gas project involving the country’s biggest economy and a private corporation….
The International Monetary Fund has cautioned Africa about potential economic risks due to a slowdown in China’s economy.
NAIROBI, KENYA — The International Monetary Fund is warning African countries of a potential decline in the regional economy and the potential impacts of China’s economic slowdown. Over the last two decades, Africa and China have established strong economic relationships,…
The US Trade Act supports a sustainable business run by two sisters in South Africa.
South Africa is hosting a summit for participants in the U.S. government’s duty-free Africa Growth and Opportunity Act from November 2 to 4 as the act comes up for renewal. Kate Bartlett spoke to the owners of one South African…
The Mayor announced that West Maui will be welcoming tourists again starting November 1.
HONOLULU, Hawaii — The mayor of Maui County announced on Monday that West Maui, with the exception of the damaged areas in historic Lahaina, will be open to tourists starting November 1st. This comes after the deadliest U.S. wildfire in…
The current crisis in the Middle East has the potential to disrupt the supply of oil and lead to an increase in prices.
WASHINGTON — Experts predict that the current situation in the Middle East, 50 years after the 1973 Arab oil embargo, could potentially cause disruptions in global oil supplies and result in higher prices. However, it is unlikely that we will…
Kenyan producers lament the large quantities of goods being imported from China.
According to Kenya’s bureau of statistics, China continues to be the main contributor of imports, making up more than 20% of the total. Local manufacturers express concern that these imports from China are negatively impacting their profits. Juma Majanga reports…
Following a decade of China’s Belt and Road Initiative (BRI) projects in Cambodia, the perceived advantages are being questioned. After a decade of China’s BRI endeavors in Cambodia, there is debate surrounding the benefits.
PHNOM PENH, CAMBODIA — Despite the potential for displacement due to a $60 million bridge project connecting two bustling areas along the Tonle Sap river in Phnom Penh, 62-year-old produce seller Sok Ul remains optimistic in the capital city of…
Economists predict that Nigeria’s inflation will continue if the exchange rate is not stabilized.
Abuja, Nigeria — According to the national statistics bureau, the inflation rate in Nigeria has reached 26.72%, the highest it has been in 20 years. This has caused significant economic struggles for millions of people in Africa’s largest country, which…
The Gabonese government is warning that individuals could face arrest for collecting funds without completing the required work.
YAOUNDE, CAMEROON — The military leaders of Gabon have issued a warning on Tuesday that they will detain the leaders of companies who have received payment for work that was not completed. The military-appointed prime minister of Gabon, Raymond Ndong…