Intra-country trade in 10 key African countries remains difficult amid currency volatility and international capital flight, as business struggle to find the foreign currency, most notably the dollar, needed to pay for imports, according to the 2023 Standard Bank Africa Trade Barometer (ATB). The key finding in the study conducted by Standard Bank, Africa’s largest […]
Sudan’s air defenses intercepted drones targeting the airport in Khartoum on Monday, May 4, according to a military source, in the latest escalation of violence in the capital. Witnesses reported explosions and rising smoke in the Safa neighborhood, east of the airport, following the attempted strike. The incident comes two days after a drone attack […]
The economy of Guinea Bissau remains highly dependent on Cashew nuts, whose exports dropped significantly last year depriving the country of much needed revenue to diversify the economy and curb poverty, the World Bank said. “While cashew production reached 260 thousand tons, the highest production yield on record, only 170 thousand tons were exported by […]
