African development
$2.5bn Trade Deals Signed at US-Africa Business Summit
The 17th U.S.-Africa Business Summit, held from June 22 to 25, 2025, has yielded over $2.5 billion in new trade and investment deals between American firms and African partners, reinforcing the strategic shift from aid to investment-led engagement across the continent. According to the U.S. Department of State, the summit, jointly organized by the Corporate […]
Obasanjo: Bad Leadership Hindering Africa’s Progress
Former President Olusegun Obasanjo has raised alarm over the state of governance across Africa’s most prominent and populous countries, asserting that poor leadership and misgovernance have stalled the continent’s economic and political growth. Obasanjo made this bold declaration during a keynote session at the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank) held in […]
China Eyes Trade Deals with Nigeria — Envoy
China has reaffirmed its readiness to deepen economic ties with Nigeria through a formal Economic Partnership Agreement aimed at leveraging Beijing’s newly announced zero-tariff trade policy for African nations. The Chinese Ambassador to Nigeria, Yu Dunhai, made this known at the Second Post-FOCAC Abuja Forum held on Thursday. Speaking at the high-level international conference themed […]