UK Pledges $400 Million to Help Ethiopia Expand GERD-Linked Power Grid
Gridworks, a UK government-supported investor, will fund and develop around $400 million in electricity transmission projects in Ethiopia as the […]
Global Trade
Iran Ready to Enter Fair Negotiations with the United States
Iran’s President Masoud Pezeshkian said the country will negotiate with the US under conditions that protect its national interests, amid rising tensions over its nuclear program and deadly domestic protests.
Zodiac Gold to Invest $6.1 Million in Exploration of Liberia’s Todi Gold Project
Canadian gold exploration firm Zodiac Gold Inc. has kicked off its 2026 exploration activities at the Todi Gold Project in Liberia, committing $6.1 million to drilling and trenching at the Ben Ben target.
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.
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.
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.
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.
Bank NPLs Fall to 18.9% in December 2025, Still High – BoG
Ghana’s bank NPLs fell to 18.9% in December 2025, down from 21.8% last year.
The Bank of Ghana says efforts to tackle bad loans and enforce stricter credit rules are ongoing.
Despite the decline, NPLs remain relatively high.
Kenya Ends Macadamia Harvest and Trade Ban
The Kenyan government has lifted the seasonal ban on the harvesting and trading of macadamia nuts, allowing activities to resume from February 2026.
Kevin Warsh Nominated as Federal Chair in Place of Jerome Powell
President Donald Trump on Friday announced Kevin Warsh as his nominee to replace Jerome Powell as Chair of the US Federal Reserve, bringing to a close a five-month selection process marked by heightened tension and rare turmoil surrounding the central bank.