Business & Finance

Brazil has ruled out a 2027 recession, saying lower interest rates could support stronger economic growth while fiscal reforms continue to strengthen public finances.

Ebute Ugbedeojo argues that Africa should play a greater role in AI governance through investment, innovation, international cooperation and responsible development.

South Africa is supporting local companies at Angola's largest trade fair as it seeks to boost exports, investment and intra-African trade under the AfCFTA.

South Africa and Namibia have signed seven agreements covering trade, energy, transport and governance as the two countries strengthen bilateral cooperation.

South Africa's rooibos seeds will become the first from Africa to travel to the International Space Station as part of a scientific research and STEM education project.

The African Development Bank says Africa's resources, youthful population and economic potential will position the continent to play a leading role in a multipolar global economy.

Brazil has rejected new US tariffs on its exports, saying it will challenge the measures through the World Trade Organization and the country's Reciprocity Law.

China and the African Union have promoted the 140th Canton Fair as a platform connecting African businesses with global buyers, investors and technology partners.

Delegates from 21 countries visited China's Guizhou Province to examine advances in artificial intelligence, autonomous transport and big data applications.

The World Bank has recommended extending South Africa's 15% SEZ corporate tax incentive nationwide, saying the country has the capacity to build a world-class special economic zone programme.

South Africans are paying less for petrol and diesel after the first fuel price reduction in months, easing transport costs for households and businesses.

Chery launched operations at the Rosslyn production facility as South Africa and China expand cooperation in automotive manufacturing and investment.

Russia will host the third Russia-Africa Summit in October after bilateral trade with Africa increased 43 percent to US$27.7 billion.

Brazil and the European Union positioned the Mercosur-EU agreement as a strategic partnership focused on investment, technology, defense cooperation and sustainable development.

Deputy President Paul Mashatile promoted South Africa in Beijing as a gateway to African markets, highlighting opportunities in trade, technology, green hydrogen and manufacturing cooperation with China.

Brazilian President Luiz Inácio Lula da Silva urged G7 nations to invest more in the Global South, arguing that future global economic growth depends on creating jobs, income and consumer markets across developing economies.

President Cyril Ramaphosa has urged employers to hire young people without work experience as South Africa's youth unemployment rate remains at 46%, warning the country risks losing a generation.

Abundant tuna catches are lowering food costs and supporting livelihoods across Libya’s coastal communities during the peak fishing season.

Cabo Verde is increasingly turning to its ocean economy, with fisheries, tourism and desalination shaping the island nation's future development.

Brazilian President Lula has criticised new US tariff measures, warning they could damage relations between Brazil and the United States.

Israel’s defence exports reached a record 19.2 billion dollars in 2025 amid growing global demand for military technology.

The prolonged disruption around the Strait of Hormuz is intensifying global concerns over energy security, as governments and industries reassess the resilience of international oil and gas supply chains.

Tensions around one of the world’s busiest maritime trade routes intensified on Wednesday after Iran’s Islamic Revolution Guard Corps Navy said 23 vessels crossed the Strait of Hormuz within 24 hours under coordination with Iranian forces.

The Africa Centres for Disease Control and Prevention (Africa CDC) announced on Tuesday that it had received a $2.5 million pledge from the South African government to support Ebola response efforts in the Democratic Republic of Congo and Uganda.

BRICS bank has approved $42.9 billion in financing and seeks expansion, local currencies and technological innovation in the Global South

South Africa’s youth unemployment crisis deepened in early 2026, with nearly half of young people aged 15 to 34 out of work or not enrolled in education or training, according to new official data

Along the banks of the Nile in Sudan’s capital, fishermen are slowly returning to the water as parts of Khartoum begin showing signs of recovery after years of war disrupted daily life across the city.

China’s extension of zero-tariff treatment to 53 African countries could boost exports from the continent, but analysts say the policy’s impact depends on whether African nations can scale up production, improve logistics and meet export stand

Brazil is using this week’s G7 meetings in Paris to position itself as a strategic destination for foreign investment and critical minerals development, while also raising concerns about the economic impact of ongoing instability in the Middle East

Average household income per capita increased across all 26 Brazilian states and the Federal District in 2025, reinforcing signs of economic recovery under the administration of President Luiz Inácio Lula da Silva.