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AfCFTA, African Stocks, Currencies, Economy, Global Trade, Local News

Ghana forfeits $54bn to trade-related illicit flows over a decade

Ghana forfeited an estimated US$54.1 billion to trade-related illicit financial flows between 2013 and 2022, ranking third among Africa’s most affected countries, according to a Global Financial Integrity report. The findings highlight widespread trade misinvoicing, particularly in key export sectors such as gold, cocoa and oil, and warn that without urgent reforms, the losses will continue to undermine the country’s development and economic sovereignty.

AfCFTA, African Commodities, African Markets, African Stocks, Economy, Global Economics, International News, Trade

Zimbabwe Set to Launch Africa’s First Lithium Sulphate Plant, Transforming Mineral Revenue Potential

Zimbabwe is advancing its position as Africa’s top lithium producer with the launch of a lithium sulphate plant, shifting from raw ore exports to high-value refined production. The move, supported by major Chinese investors, is expected to boost industrialization, strengthen the country’s role in clean energy supply chains, and capture greater economic value from its mineral resources.

AfCFTA, African Commodities, African Markets, BUSINESS NEWS, Currencies, Economy, Global Economics, Global Finance, Global Markets, International News

Gold and Silver Prices Fall Sharply Following Friday’s Decline

Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.

AfCFTA, African Markets, African Politics, Focus on Africa, Global Finance, Global Trade, Trade

Ghana Champions Global Call for $100bn Yearly Adaptation Finance

Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.

AfCFTA, Economy, Focus on Africa, Global Economics, Global Finance

Africa’s Largest Dam Positions Ethiopia as a Regional Powerhouse, Boosting Capacity to 9.6GW

Ethiopia’s Grand Ethiopian Renaissance Dam is reshaping the country’s energy and regional influence, boosting installed power capacity to 9.6 gigawatts and positioning Ethiopia as an emerging electricity hub in the Horn of Africa. Once mired in controversy, the project is now being framed by officials as a catalyst for industrial growth, regional power trade and long-term economic stability.

AfCFTA, BUSINESS NEWS, International News

Partial Government Shutdown Begins in US

The United States has entered a partial government shutdown after a funding agreement approved by the Senate failed to pass the House in time.
While most federal agencies secured funding through September, the Department of Homeland Security received only a temporary extension.
Lawmakers are expected to resume negotiations when Congress reconvenes next week.

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