World News

Federal Reserve Issues FOMC Statement

May 7, 2025/US Federal Reserve Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated. […]

Afreximbank Sees Opportunities in the Cotton Sector as it Hosts Partnership’s Steering Committee

As a member of the C4+ initiative, Afreximbank is committed to supporting African countries to move up the cotton value chain – transforming raw cotton into textiles and clothing May 7, 2025/Afreximbank – African Export-Import Bank (Afreximbank), recently hosted a two-day meeting of the Steering Committee of the Partenariat pour […]

Wiring Africa’s Industrial Future: AfDB’s Helping to Spur Botswana’s Automotive Revolution

Across sprawling factory floors, hundreds of skilled hands meticulously assemble intricate wiring harnesses – components that will eventually power Volkswagen and Nissan vehicles across Africa and beyond May 7, 2025/AfDB The Botswanan town of Lobatse, some 70 km south of Gaborone, has been transformed into a vibrant manufacturing centre. Across sprawling […]