Business

The International Monetary Fund board on Monday approved a three-year $455 million loan for the Republic of Congo to help undergird the small African nation's economic recovery.The global crisis lender will provide $90 million immediately under the Ext...

BAMAKO / CONAKRY / WASHINGTON — For Sammy Abdella, the new year has brought bad tidings: the prospect of a steep drop in sales of scarves, rugs, baskets and other textile goods produced by Sammy Handmade in Ethiopia.“The U.S. market is our main destina...

ABUJA — Nigerian President Muhammadu Buhari is unveiling a massive pyramid of rice harvested by farmers to pay back bank loans they borrowed to expand their production. Nigerian officials say the low-interest loans helped more than double the average y...

U.N. Secretary-General Antonio Guterres urged international business leaders and economists on Monday to do their part to make post-COVID19 economic recovery equitable across the globe.“At this critical moment, we are setting in stone a lopsided recove...

China is financing the construction of four coal-fired power plants in southern Africa, despite its climate pledge in September to quit supporting such infrastructure overseas. But the new facilities taking shape in South Africa and Zimbabwe are just a...

The United States on Tuesday imposed sanctions on more than a dozen people and entities in Iran, Syria and Uganda, accusing them of being connected to serious human rights abuses and repressive acts.In an action marking the week of the U.S. Summit for ...

Sudden travel bans imposed on South Africa in the past week over the omicron variant of coronavirus have dealt a blow to an already struggling economy, experts say. The jobless rate is creeping toward half the population and the lost tourism this month...

In response to human rights violations, the United States announced this week that it plans to suspend Ethiopia, Mali and Guinea from duty-free access to American markets as of January 1.U.S. President Joe Biden said in a statement to Congress, release...