Category: International Business & Finance
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Nigerian Government Announces Plans for 4 New Refineries by South Korean Investors
A South Korean consortium plans to build four 100,000-barrel capacity refineries in Nigeria, according to Heineken Lokpobiri, the country’s Minister of State for Petroleum Resources. Speaking at the Crude Oil Refineries Owners Association of Nigeria summit, Lokpobiri revealed the government’s approval to invite the investors and emphasized its commitment to fostering a conducive environment for…
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The Path of an African Fashion Designer in an Untapped Market: Pioneering a Creative Legacy
Investing in a country that lacks a creative platform can feel like venturing into uncharted territory—challenging yet brimming with untold potential. As an African fashion designer, building a brand in such an environment requires not just talent, but a vision that sees beyond the limitations and deeply understands the soul of a people. It’s about…
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Burkina Faso’s nuclear partners also propose a renewable energy deal
In March Burkina Faso and Russia, through its state-owned energy company, Rosatom, spoke about establishing a nuclear project in the West African country. Very recently, both parties opened dialogue on the prospect of a renewable energy deal. This new proposal came on the heels of the 3 day forum concerning Russia’s partnership with Burkina Faso.…
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DR Congo, Ethiopia, Kenya, Benin, Gambia elected to Human Rights Council
The Democratic Republic of Congo is among 15 countries elected to the Human Rights Council on Wednesday, despite objections by the country’s opposition. Benin, Gambia, Kenya and Ethiopia are the other African countries elected to the Council. The five countries will serve for three years, starting on January 1, 2025. At the assembly, there was…
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Zimbabwe government to pay civil servants in US dollars due to devaluation of the ZiG
The government of Zimbabwe, in an attempt to mitigate the impact of the recent devaluation of the ZiG, has announced that salary raises and an annual bonus for civil servants in the country will be paid in US dollars. According to the Minister of Public Service, Labour, and Social Welfare, July Moyo, the move by…
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Zambia’s Copper Wealth: The Exploitation by Multinational Giant Glencore
Zambia, a landlocked country nestled in the heart of Africa, is home to one of the world’s largest copper reserves. Known as “the Copperbelt,” the region has historically attracted international attention for its rich mineral resources, positioning Zambia as a crucial player in the global copper market. However, beneath the surface of this wealth lies…
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The Rise of America’s Black Elite: A New Era of Wealth and Influence
The Rise of America’s Black Elite: A New Era of Wealth and Influence While African Americans have historically been disproportionately affected by poverty in the United States, a significant shift is taking place. Today, America is home to the largest concentration of wealthy and highly successful Black individuals in the world. In fact, 1 in…
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Algeria Welcomes EU Court Ruling on Morocco Trade Agreements, Emphasizes Sahrawi Rights
Algeria has expressed its strong approval of the recent ruling by the European Court of Justice (CJEU) that annulled trade agreements between the European Union and Morocco, a decision that has reignited international discourse on the status of Western Sahara. The Algerian Foreign Ministry praised the ruling, calling it a “recognition of the Sahrawi people’s…
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Ugandan Defense Forces Chief General Muhoozi Kainerugaba gave the US Ambassador a three-day ultimatum
Ugandan Defense Forces Chief General Muhoozi Kainerugaba Issues Ultimatum to US Ambassador In a dramatic turn of events that has escalated tensions between Uganda and the United States, General Muhoozi Kainerugaba, the Chief of Defense Forces of the Uganda People’s Defence Force (UPDF) and son of President Yoweri Kaguta Museveni, has issued a public ultimatum…
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Burkina Faso plans to withdraw some mining permits
Burkina Faso has recently announced a strategic decision that could have significant implications for the nation’s economy and its position in the global mining industry. The country’s leadership, under junta leader Ibrahim Traore, is planning to withdraw mining permits from certain foreign companies. This move is part of a broader initiative aimed at boosting the…
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