Breaking News

Morocco’s automotive industry shifts gears to prep for EV era

Source: Africa News Thousands of brand-new vehicles are waiting in the large car park of the French car manufacturer Renault on the outskirts of Tangier to be transported to the port of Tanger Med on their way to Europe. They are a testimony to the...

Africa Does Not Have to Ask for a Seat At the Table, Kagame Tells Business Leaders

Source: The New Times Rwanda President Paul Kagame on Thursday, May 16, issued a rallying call to African business and political leaders to work closely, together, noting that the more the continent is united, the more productive its engagement...

In Paris, Faure Gnassingbé Promotes Four Solutions To Foster Clean Cooking in Africa

Source: TOGO FIRST (Togo First) - Earlier this week, Togolese President Faure Gnassingbé urged African countries to unite to promote better cooking practices and energy improvements. Gnassingbé stressed the importance of public and private sector...

Global Business

Nigeria to embrace China, Russia, US as competition for $473 billion economy toughens

Source: Naira Metrics The Nigerian government has said it will get along with rival economic powerhouses such as the United States, China and Russia as they all seek to cut their slices of cake from a $473 billion economy. Nigeria’s Minister of...

USA announces 100% tariff on Chinese-made electric vehicles

Source: The Guardian The US president, Joe Biden, has announced a 100% tariff on Chinese-made electric vehicles as part of a package of measures designed to protect US manufacturers from cheap imports. In a move that is likely to inflame trade...

Rwanda’s green coffee secures market in Korea

Source: The New Times Rwanda could export 20 containers equivalent to 384 tonnes of green coffee worth Rwf2.5 billion to Seoul in South Korea, National Agricultural Export Development Board (NAEB) has announced. Green coffee beans are the raw seeds...

Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback

Source: CNBC KEY POINTS Shell reported adjusted earnings of $7.7 billion for the first three months of the year, beating analyst expectations of $6.5 billion, according to an LSEG-compiled consensus. Shell CEO Wael Sawan described the results as...

Honda to build $11 billion electric vehicle hub in Canada

Source: CNBC Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada to create a “comprehensive EV value chain,” the Japanese automaker announced Thursday. The company said the plans include new...

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