Business

This year, acute food insecurity is projected to reach a new peak, surpassing the food crisis experienced in 2007-2008. A combination of factors—including greater poverty and supply chain disruptions in the wake of the COVID-19 pandemic, the war in Ukr...

ACCRA— Deputy Minister of Trade and Industry, Herbert Krapa, has announced that Ghana, together with seven other countries are set to commence trading under the African Continental Free Trade Area (AfCFTA).So far, 54 African countries have signed the A...

ACCRA, GHANA — U.S. Ambassador to the U.N. Linda Thomas-Greenfield on Friday announced a $150 million package for Africa to help address food and humanitarian crises.Speaking before a gathering of over 500 participants at the University of Ghana in Acc...

Total economic losses caused by natural disasters hit an estimated $72 billion in the first half of 2022, fueled by storms and floods, Swiss reinsurance giant Swiss Re estimated Tuesday.Though the figure is lower than the $91 billion estimate for the f...

Somalia is normally a top exporter of livestock to the Middle East, especially during the Muslim holiday of Eid al-Adha. But a record drought in the Horn of Africa has wiped out millions of livestock, leaving Somali livestock farmers struggling — some ...

NAIROBI— African airlines are expected to record a $4.1 billion loss this year on the back of expensive fuel that is eroding the gains made by a recovering business.Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved...

BANJUI— Cryptocurrencies are the solution to tackling financial exclusion in the Central African Republic, its President Faustin-Archange Touadera said, citing the cost of opening bank accounts.“The alternative to cash is cryptocurrency,” Touadera said...

KIGALI— The newly-expanded Commonwealth made broad commitments on Saturday to address climate change and boost trade, concluding a summit aimed at shoring up the relevance of a group that evolved from the British empire.The club, whose 56 members range...