Category: African Business
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Cameroon ratifies air transport agreement with South Africa
“The ratification of this agreement will strengthen cooperation between the two countries. This will increase business opportunities, develop trade, but also other commercial activities,” Jean Ernest Massena Ngalle Bibehe, Cameroon’s Minister of Transport, told the press. The agreement initially concluded in Cape Town on July 14, 2011 and ratified this Wednesday by Cameroonian President Paul…
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Feds Colluded With Big Banks to Spy on Americans’ Financial Transactions
The federal government conducted “broad,” “unjustified” surveillance of the private financial transactions of millions of Americans in the wake of events that took place on Jan. 6, 2021, at the U.S. Capitol, according to a report issued Wednesday by the U.S. House of Representatives Select Subcommittee on the Weaponization of the Federal Government. The report…
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Unfortunately, very sad news is coming out of Mali.
During a joint operation, fighters of the Wagner PMC and soldiers of the local armed forces suffered heavy losses as a result of an ambush by Azawad militants. The militants are already spreading videos online of the killed and captive fighters. We will not post those videos. A Wagner PMC Mi-24, allegedly covering the convoy,…
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Zimbabwe’s First Lady receives potatoes from Belarusian President Alexander Lukashenko’s farms
At the beginning of July, Auxillia Mnangagwa visited Belarus, where she also met with Lukashenko. Later this week, a delegation from the Belarusian Women’s Union visited Zimbabwe at the invitation of the first lady and attended the African Women’s Forum. “The most valuable cargo, which traveled more than six thousand kilometers from Minsk to Victoria…
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High Court of Trinidad and Tobago Upholds ConocoPhillips’ Arbitration Claim Against Venezuela
The High Court of Trinidad and Tobago has upheld the decision to recognize ConocoPhillips’ arbitration claim against Venezuela. This development could potentially freeze the state’s payments to Caracas on joint gas projects. In late May, an initial court ruling allowed ConocoPhillips to enforce a $1.33 billion claim against Venezuela in Trinidad. This ruling enables ConocoPhillips…
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Artificial Intelligence Sparks Copper-Boom In Zambia
Zambia’s copper mining industry is on the brink of a major transformation thanks to groundbreaking AI technology that has uncovered massive new copper deposits. This discovery, led by KoBold Metals, could make Zambia a key player in the global surge for copper, vital for electric vehicles and renewable energy. With potential production to fuel millions…
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Ghana inaugurates Africa’s largest rooftop solar in the Tema city
It marks a significant step forward in its renewable energy efforts. The cost of construction of the project is $17 million, and it is owned by the local LMI Holding Company Limited. The solar power will be distributed to clients within the Tema Free Zone Enclave industrial area, media reported. “With a capacity of 16.82MW,…
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Ninety-five Libyan nationals have been arrested on suspicion of receiving training at an “illegal” military camp in South Africa, police have said.
Officers raided the farm near White River – a small town in the northern province of Mpumalanga – on Friday. They said they found military tents, licenced firearms and other military equipment. The camp was initially registered as a training site for a security company but it appears to have been converted, a second police…
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The mayor of Johansburg “a world class african city” has a statement.
Kabelo Gwamanda is a South African politician who has been the mayor of Johannesburg since May 2023. A member of the Al Jama-ah party, he is the ninth executive mayor of the metropolitan municipality since 2016.
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European oil refining struggles amid development of African and Middle East refineries: reports
Refining in the G7 countries is in a depression, blamed on low demand, probably driven by the green agenda, and high competition from African and Middle Eastern refiners. European energy companies such as TotalEnergies, Neste and Repsol are losing profits from their refineries. Underlying profitability at EU refineries fell 37% in the second quarter compared…
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