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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, African Markets, African Stocks, BUSINESS NEWS, Economy, Focus on Africa, Global Economics, Global Finance, Global Trade, Local News

South African Traders Go Global as CoreProTrade Expands International Access

South African retail investors are increasingly seeking exposure to international markets, driven by a desire for diversification, liquidity, and advanced trading tools.
CoreProTrade, a regulated South African brokerage, offers access to CFDs across forex, equities, commodities, and indices without owning the underlying assets.
The platform emphasizes strong compliance, mobile access, and professional-grade infrastructure, catering to a growing segment of sophisticated domestic traders.

AfCFTA, African Markets, African Politics, BUSINESS NEWS, Focus on Africa, Global Economics, Global Finance, Global Trade, Trade

US Reasserts Presence in Africa

The United States is shifting its approach in Africa, prioritizing private investment, infrastructure financing, and trade integration over traditional aid.
A new Strategic Infrastructure and Investment Working Group with the African Union aims to fund projects in transport, energy, and digital networks.
The initiative reflects Washington’s effort to strengthen influence as global competition on the continent intensifies.

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