Category: International Business & Finance
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Kamala Harris Announces Cannabis Legalization Plan
On October 14, 2024, Vice President Kamala Harris unveiled her plan she would enact as president to legalize cannabis on a national level and to help “break down unjust legal barriers that hold Black men,” (1). Harris’s proposed policy intends to establish a National Health Equity Initiative targeted towards African American men, as well as…
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The Third African Monetary and Economic Sovereignty Conference
The Third African Monetary and Economic Sovereignty Conference is currently taking place in Addis Ababa, bringing together academics, policymakers, and thought leaders to discuss pathways to economic sovereignty for the continent. In this episode, we explore the critical themes of de-dollarization and de-globalization, examining how these trends present both opportunities and threats for Africa. We…
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Niger renames its historic places to sever ties with French colonial past
Since it took control over the country in a July 2023 coup, Niger’s military junta has been cutting ties with France and forging stronger ones with fellow juntas in Burkina Faso and Mali. One example of this shift is Tuesday’s rebranding of a major avenue in Niamey after Djibo Bakary – a key figure in…
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Reports that Nigeria has rejected Shell’s $1.3 billion oil asset sale
Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the assets, Lagos-based yesterday newspaper reported on Wednesday. Shell on Jan. 16 announced its exit from Nigeria’s onshore and shallow water operations after agreeing to sell the business to a…
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India Mourns the Loss of Ratan Tata: A Legacy of Business Excellence and Philanthropy
India has lost one of its most revered leaders with the passing of Ratan Tata, the former chairman of Tata Group. Tata, known not just for his business acumen but also for his unwavering integrity and compassion, leaves behind a legacy that reshaped India’s corporate landscape and inspired countless individuals.
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Congo cancels licensing round for 27 oil blocks
The Democratic Republic of Congo (DRC) has cancelled a licensing round for 27 oil blocks, originally launched in 2022 to tap into the nation’s oil and gas potential, according to a statement posted on the hydrocarbons ministry’s X account on Monday. The statement dated Oct. 11 cited multiple reasons for the cancellation, including late submissions,…
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Morocco launches anti-dumping investigation into Egyptian steel imports
The Ministry of Industry and Trade has launched an investigation into steel sheet imports from Egypt amid suspicions of dumping after a complaint from Maghreb Steel regarding a questionable increase in Egyptian imports, which it claims adversely affects the national industry. In a notice published on Thursday, October 10, the department stated that it had…
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Zambians struggle with electricity shortages driven by drought
Zambia’s worst electricity blackouts in memory have been caused by a severe drought in the region that has left the critical Kariba dam, the source of Lake Musonda’s woes, with insufficient water to run its hydroelectric turbines. Less than half of Zambia’s 20 million people had access to electricity before Kariba’s problems. Kariba was built…
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Guinean President Bans Ministers From Traveling Abroad
Guinea’s transitional president Mamadi Doumbouya has banned ministers from leaving the country without special permission until the end of 2024 and ordered those abroad to return home immediately. Government spokesman Ousmane Goal Diallo explained that the measure was aimed at rationalizing government spending and increasing the government’s efficiency. Diallo noted that diplomatic representatives and heads…
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