Africa’s bilateral trade with China surged to a record high in 2022, highlighting how Beijing’s commercial influence over the continent continues to dwarf that of the United States. Beijing’s push to promote imports from Africa and rising commodity prices pushed trade up 11% to $282 billion last year. China’s exports to Africa were $164.49 billion, […]
Tunisia will be introducing its financial transactions to Sukuk for the first time next year alongside Egypt according to CIMB Group Holdings and OCBC Al-Amin Bank with the global sukuk sales tipped to surpass 2012 record of $46 billion in 2013. Sukuk has been attracting countries after the global economic crises took centre stage. Countries […]
Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]
