Business

U.S. Deputy Treasury Secretary hopes Congress will extend US-Africa program

U.S. Deputy Treasury Secretary hopes Congress will extend US-Africa program

U.S. Deputy Treasury Secretary Wally Adeyemo on Thursday said he hoped Congress would extend a trade program that grants exports from qualifying African countries duty-free access to the U.S. market, hailing the strategic opportunities in the region. Adeyemo told the Reuters agency that the two-decade-old African Growth and Opportunity Act …

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Saudi Arabia to sign deals worth more than $500 million with African countries

Saudi Finance Minister Mohammed Al-Jadaan

The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on Thursday during the Saudi-Arab-African Economic Conference in Riyadh. “We are working with partners to support Ghana and other countries regarding their debt,” Jadaan added. Saudi Investment …

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Russian companies interested in Equatorial Guinea’s minerals

Russian companies interested in Equatorial Guinea's minerals

Russian President Vladimir Putin says that Russian companies have a “serious” interest in extracting mineral resources in Equatorial Guinea. He held talks with Equatoguinean President Teodoro Obiang Nguema on Thursday in Moscow, where both leaders agreed to boost bilateral ties. “The potential investment capacity is big, and your country’s capacity …

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US to exclude four African countries from its trade program

US to exclude four African countries from its trade program

U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program. Biden said he was taking the step because of “gross violations” of internationally recognized human rights by …

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Amazon to launch online shopping service in South Africa

Amazon to launch online shopping service in South Africa

U.S. e-commerce firm Amazon announced it would launch its online shopping service in South Africa in 2024, entering a market dominated by Naspers’ TakeAlot, Reuters reported. The online retail giant said starting on Tuesday, independent sellers in South Africa could register their businesses on its marketplace website. The launch of …

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TotalEnergies sued in Mozambique for terrorist attack

TotalEnergies sued in Mozambique for terrorist attack

Three survivors and four relatives of the victims of a terrorist attack in Mozambique have sued the French multinational oil company TotalEnergies. The survivors and relatives, who are British and South African, are accusing Total of involuntary manslaughter and negligence for failing to protect its subcontractors. Dozens of people including …

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