Category: Development
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Namibia oil discovery outlook
🇳🇦🛢 Namibia and South Africa are two of the world’s most unequal societies in terms of income and wealth distribution, with Gini index scores of 59.1 and 63, respectively. Together with Zambia, they are three members of the Southern Africa Development Community (SADC) among the four most unequal countries globally. ▪️The recent oil discovery in…
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Petronas sells South African petroleum and chemicals business to Vitol arm
🇲🇾🇿🇦 Malaysia’s national oil and gas company Petronas has reached agreement to sell its entire 74% majority stake in South Africa’s Engen to Vivo Energy, one of the largest African fuel retail operators and part of multinational energy company Vitol. Engen’s primary business is in the marketing of petroleum, lubricants and functional fluids; chemicals and…
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Senegal opposition’s Faye set to become president after rival concedes
🇸🇳 Senegal opposition candidate Bassirou Diomaye Faye was set to be declared the country’s next president after his rival from the ruling coalition called him on Monday to concede defeat. Results trickling in since polls closed on Sunday evening in the first round of a delayed presidential election rapidly suggested Faye, 44, may have clinched…
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Liberia:Charles Taylor had a vision for Liberia in 2030.
Less than 100 freed African slaves and freeborn African-Americans originally founded the Republic of Liberia. With the support of the Quaker run American Colonization Society (ACS), these emancipated slaves and freemen traveled by ship to the west coast of Africa, where they established a settlement, which later became the capital of Monrovia, in 1816. By…
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ExxonMobil’s Interest in exploring Liberia’s offshore blocks
Liberia, located in West Africa, has significant potential for oil production due to its proximity to the oil-rich Gulf of Guinea. The country has been actively exploring its offshore blocks for oil reserves. ▪️ExxonMobil’s interest in Liberia ExxonMobil has expressed interest in exploring and producing oil in Liberia’s offshore blocks. In March 2021, the company…
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Exploiting Africa’s Resources: The Looting Machine
Africa remains a rich reservoir of natural wealth, encompassing rare earth minerals, metals, gold, and hydrocarbons. Despite this abundance, a significant portion of Africa’s populace resides in nations where oil, gas, and minerals hold pivotal economic roles. However, average incomes in these regions persistently lag behind the global average. Moreover, reliance on commodity exports often…
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Russia donates wheat and fertiliser to Zimbabwe
HARARE, ZIMBABWE — Russia donated 25,000 tons of grain and 23,000 tons of fertilizer to Zimbabwe to help combat the effects of El Nino-induced drought, which has dwindled crop yields in most parts of Southern Africa. President Emmerson Mnangagwa accepted the donation Wednesday, saying it would help alleviate the drought Zimbabwe is coping with and…
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Catholic church slates Malawi president’s leadership
🇲🇼 The influential Catholic church in Malawi has criticised President Lazarus Chakwera, saying the country has become worse in the four years of his leadership. In a scathing attack that appears to be directed at the president, the church, through its bishops, said “we have witnessed a glaring failure of leadership”. “Most Malawians fail to…
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U.S. Sues Apple In Landmark IPhone Antitrust Case
The Justice Department and more than a dozen states and Washington, D.C. filed a lawsuit against Apple on Thursday, alleging the tech giant and iPhone maker violated antitrust laws through restrictive policies that hurt competitors and consumers—one of the largest lawsuits so far in the federal government’s sweeping tech antitrust crackdown. KEY FACTSThe lawsuit, filed in the…
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