economy

Dec
02
2023
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By Ahmed Ture
Israel Receives Malawian Youths to Help Fill Farm Labour Shortage

Israel Receives Malawian Youths to Help Fill Farm Labour Shortage

Africa, Breaking, Economy, , , ,
According to the Malawian labour ministry, several hundred young men have travelled to Israel to work on farms left empty after the Gaza conflict. There are plans for more flights in the near future. On Saturday, 221 young people from the country in southern Africa were transported to Israel on the first flight. Following the tensions created by the Gaza war on October 7, a large number of labourers left Israel's farms, which constitute a considerable portion of the country's economy. Foreign labourers heading back to their home nations and Palestinians from Gaza whose work licences were cancelled by Israel…
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Nov
27
2023
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By Ahmed Ture
East African Community Trade Bloc Accepted Somalia into Its Membership.

East African Community Trade Bloc Accepted Somalia into Its Membership.

Africa, Breaking, Economy, ,
Following decades of warfare and recovery efforts, Somalia became the eighth member of the East African Community (EAC), a significant step towards free trade and economic integration throughout the region. At the EAC summit in Tanzania, Somalia was admitted. This is expected to bring the total population of the EAC market—which currently includes Burundi, the Democratic Republic of the Congo, Kenya, Rwanda, South Sudan, Tanzania, and Uganda—to over 300 million. In attendance at the summit, President Hassan Sheikh Mohamud praised this action as a ray of hope for Somalia, promising a future rich in possibilities. After years of unrest, Somalia's…
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Nov
26
2023
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By Ahmed Ture
G20 agrees to make AU a permanent member

G20 agrees to make AU a permanent member

Africa, Breaking, Economy, World News, , ,
Indian Prime Minister Narendra Modi announced Saturday that the African Union has been granted permanent membership in the Group of 20 top international economies, bolstering his efforts to give the Global South a stronger voice as host of this year's annual summit. Modi announced the membership in his G20 weekend summit opening remarks. Growing global rifts and the absence of key actors made consensus on the toughest issues difficult. Many supported admitting the AU to the G20 as the second regional bloc to become a permanent member after the EU.Modi rapped his gavel three times before announcing the motion to…
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Nov
26
2023
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By Ahmed Ture
The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

The African Continental Free Trade Area (AfCFTA) is set to expand to comprise 30 countries by 2024.

Africa, Breaking, Economy, ,
Senior Advisor Peter Joy Serwornoo to the Secretary-General of the African Continental Free Trade Area (AfCFTA) declared that 30 African nations are ready to start trading under this agreement next year, marking a significant step towards its implementation. Through the AfCFTA Guided Trade Initiative, seven countries have started trading in order to help African states begin trade under this agreement. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Leading the charge on this endeavour are Ghana, Kenya, Tanzania, Egypt, Cameroon, Rwanda, and Mauritius. Speaking at the Regional Forum on AfCFTA for Anglophone West…
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Nov
23
2023
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By Ahmed Ture
Delta residents build Shrine in Chevron plant over PIA failure.

Delta residents build Shrine in Chevron plant over PIA failure.

Africa, Breaking, Economy, Nigeria, , ,
Ugborodo Community residents in Warri South-West Local Government Area of Delta State protested Chevron Escravos Gas to Liquid (EGTL)'s alleged non-implementation of the Petroleum Industry Act by setting up a frightening idol in front of the plant on Wednesday. Placard-bearing protestors who blocked the facility's gate stated the idol, called “Ogbejugbele,” was not damaging to Chevron employees but was a symbolic expression of their ancestors' anger with the firm. Protesters claimed they would stay at Chevron until the federal government and the oil company complied. They demanded 41 things from Chevron, including implementing the Petroleum Industry Act (PIA) and the…
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