Africa / News
EBRD announces profit of €2.1bn in 2023
The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.
EU sends naval mission to Red Sea to protect shipping routes
The mission's launch comes in response to the Iranian-backed Houthis' continuous drone and missile attacks on commercial vessels.
Serbia prepares for new push into African markets
Serbian Chamber of Commerce head says Africa is a market of the future thanks to demographics, rising purchasing power and natural resources.
Italy's PM Meloni unveils "Mattei Plan" for African development ahead of Italy-Africa summit
Italian Prime Minister Giorgia Meloni unveiled her long-anticipated development strategy for Africa over the weekend, floating a "non-predatory" approach aimed at fostering cooperation.
Conflicts push Suez Canal shipping down 42% in two months
The United Nations has announced a 42% drop in trade volume through the Suez Canal over the past two months
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
The US Office of Foreign Assets Control (OFAC) has added 17 Liberian-flagged bulk carriers and oil tankers to its Russian sanctions-busting blacklist, citing alleged violations related to Western-imposed oil price cap sanctions on Russian oil.