The African Development Bank Group (AfDB) has approved $48.8 million in financing for a crisis response project aimed at supporting communities affected by conflict in eastern Democratic Republic of the Congo (DRC).

A new International Monetary Fund (IMF) publication released in April has warned that countries across North Africa and the broader Middle East (MENA) face growing pressure to overhaul tax systems to strengthen public finances, support development goals, reduce inequality, and improve resilience to external shocks.

With no end in sight to the shipping stand-off in the Strait of Hormuz, governments are scrambling for rapid solutions as Brent crude hovered at about $118 in trading on Thursday. 

Authorities envision the city as a regional and intercontinental hub for passenger.

Chinese sport-utility vehicle maker Jetour will produce its adventure T1 and T2 models in South Africa (SA) from 2027 at the Rosslyn plant​, which is being acquired by its parent company, Chery, from Nissan, it said on Wednesday.