Category: International Business & Finance
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After a 30-year pause, the railway connection between Algeria and Tunisia is officially back in operation
The National Company for Rail Transport in Algeria announced the resumption of services, with the inaugural commercial journey departing from Tunis on Sunday. The train line, covering a distance of 357 kilometers, will initially offer one daily service between Annaba in Algeria and Tunis, the capital of Tunisia, passing through several cities in both countries.…
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Dangote Refinery says Nigeria must enforce crude supply for local refiners
The Dangote Oil Refinery has called on Nigeria’s upstream oil regulator to force producers to abide by a law that stipulates they supply local refineries, saying that lax enforcement was raising its operational costs. The 650,000-barrel-per-day capacity refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos for $20 billion, has struggled…
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Ethiopian Airlines signs deal for design of ‘biggest airport in Africa’
Ethiopia has signed an agreement for the design of a new four-runway airport that will be Africa’s biggest when construction is completed in 2029, the head of state-owned Ethiopian Airlines said on Friday. Located near the town of Bishoftu, around 45 km (28 miles) from the capital Addis Ababa, the airport will have capacity to…
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Guinean Junta Pressures Russian Oligarch’s Gold Group Over $200M Debt Amidst Sanctions Evasion
The Guinean junta is intensifying pressure on Nordgold, the gold mining company owned by Russian oligarch Alexey Mordashov, in a bid to recover a substantial $200 million debt. Despite these efforts, Mordashov, who is under Western sanctions, continues to leverage his deep-rooted connections within Guinea’s mining sector, enabling Nordgold to maintain its lucrative gold exports…
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Breaking News: Patrice Talon Secures Key Concessions on Agadem Oil in Quiet Meeting with Chinese Delegation
On the morning of 15 May 2024, Benin’s President Patrice Talon discreetly welcomed a Chinese delegation, marking a significant development in the ongoing negotiations surrounding the Agadem oil field. The meeting, conducted away from the public eye, has yielded substantial concessions from Talon on the thorny issue of Agadem oil, a matter of critical importance…
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Popular Mamba Point Community Razed in Liberia, Residents Cry Foul
Mamba Point, Liberia – [August 10, 2024] – In a move sparking outrage and confusion, Liberian public works officials demolished a popular beachfront community in Mamba Point, Liberia earlier this morning. The bustling hub, known for its vibrant abuja (open-air bars) and unique camarilla tribes mask artifacts, was reduced to rubble in a matter of…
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Nat’l Council of Chiefs and Elders Gets New Officials
MONROVIA, LIBERIA-The new officials of the National Council of Chiefs and Elders have been cautioned to perform their duties with loyalty to the country. President Joseph Boakai said:” Liberia’s path to sustainable growth and development can be attained if people serving in positions of public trust are dedicated and passionate about change. President Boakai underscored…
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“Where to invest in Africa”: Top 5 African countries most attractive for investment
The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB). The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human…
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Robinhood’s Q2 crypto revenue skyrocketed by 161% to $81 million, more than double its earnings from equities.
Robinhood’s Q2 crypto revenue skyrocketed by 161% to $81 million, more than double its earnings from equities. Despite a dip in user activity and a 27% drop in total trades, Robinhood’s crypto assets under custody rose by 57%. The firm is also set to acquire crypto exchange Bitstamp and expand its AI capabilities with the…
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In Burkina Faso, the state controls 69% of the territory, according to the country’s minister of defense
In Burkina Faso, the state controls 69% of the territory, according to the country’s minister of defense In 2022, only 40% of the territory was controlled, as declared by General Kassoum Coulibaly. “The remaining 31% are areas where there is almost no one,” according to the official. “The conquest of the territory is a permanent…
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