Brazilian President Luiz Inácio Lula da Silva landed in São Tomé and Príncipe on a Sunday morning to reaffirm ties with Africa at a meeting with Portuguese-speaking countries. The 14th CPLP meeting – a gathering of Portuguese-speaking nations – provided an ideal opportunity. This visit marks the end of Lula’s tour across Africa, a continent […]
Related Posts
Argentina’s Industrial Sector to Shrink in 2024
Argentina faces a 4% drop in industrial output in 2024 due to less consumer spending and public works. The Argentine Industrial Union (UIA) shared this forecast, drawing on data from over 700 firms. These firms have seen productivity fall, a trend tied to tough economic conditions in the nation. The UIA’s report shows many companies […]
Yen Tumbles as Japan’s New Leadership Cools Rate Hike Expectations
The Japanese yen plummeted on October 3, 2024, following surprising comments from the country’s new leadership. Prime Minister Shigeru Ishiba shocked currency markets by stating Japan’s economy wasn’t ready for another interest rate hike. His remarks triggered a sharp 2.9% overnight drop in the yen’s value against the US dollar. This decline marked the yen’s […]
UAE’s Central Role in the Gulf’s Africa Investments
Recently, the UAE has ascended as the main financial catalyst for the Gulf Cooperation Council’s (GCC) Africa ventures. A recent report clarifies that the UAE was behind 88% of the GCC’s $1.2 billion investments in Africa from 2016 to 2021. Moreover, the country has diversified its investments beyond the oil sector. The 2007 financial crisis […]