Category: International Business & Finance
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Planning gaps leave Senegal questioning ‘Akon City’
Herds of cows meander across the one-lane highway that leads down Senegal’s coast to Mbodiene, a farming village where singer Akon plans to build a futuristic city. Designs of shiny, pinkish buildings that bend and curve like waves would look at home in any sci-fi movie. Architect Hussein Bakri has carved out space for a…
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Russia and Mozambique discuss activation of cooperation in the power industry
The topic was discussed during a meeting between the head of the Russian Federal Agency for Mineral Resources (Rosnedra) Evgeny Petrov and the Minister of Public Works, Housing and Water Resources of Mozambique Carlos Mesquita. “At the meeting they discussed issues of activating the interaction of the [Russian hydroelectric company] RusHydro Group with the government…
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UK new government has abandoned plans to send illegal migrants to Rwanda, says Prime Minister
Britain’s new Prime Minister, Keir Starmer, confirmed this during his first press conference in Downing Street, stating that the project was doomed to failure. “The Rwanda scheme was dead and buried before it started. It’s never been a deterrent [to the flow of illegals crossing the Channel],” Starmer said. “I’m not prepared to continue with…
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Zimbabwean company takes steps toward lithium battery production, embracing value addition
In a move that aligns with President Emmerson Mnangagwa’s call for value addition and beneficiation of the country’s vast mineral resources, local company Verify Engineering has ventured into lithium battery production. Zimbabwe, boasting Africa’s largest lithium reserves, recently banned raw lithium exports, citing losses of US$1.8 billion due to smuggling. Verify Engineering, a state-owned company…
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NIRA explains adding iris biometrics to Uganda ID
Will enable IDs for the 1M citizens without readable fingerprints Uganda is making iris biometrics part of its new national digital ID card not just as an added layer of security but also as an alternative for people who do not have fingerprints that can be matched. This is the information disclosed recently by the…
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Providence to celebrate Cape Verdean Independence Day
EAST PROVIDENCE, R.I. (WLNE) — The country of Cape Verde is celebrating their Independence Day today. July 5, 1975 is when the country officially gained independence from the country of Portugal. Providence will be celebrating the annual Cape Verdean Independence Day Festival on Sunday, July 7 at Roger Williams Park. The festival goes from noon…
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Nuclear energy race: US yielding to Russia and China
Although a massive US nuclear power plant in Georgia is finally complete, the facility “might be the last of its kind,” the Wall Street Journal has reported. The development comes as the US faces the closure of at least 25 nuclear plants, in another sign that America is losing the nuclear energy race to Russia…
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Russia defied sanctions to join high-income rank
The World Bank’s recognition of Russia as a high-income country is “not surprising, but a reality”, Dr. Georgy Ostapkovich, Director of the Center for Market Research at the Higher School of Economics, told Sputnik. Russia is seeing income growth of around 4-5%, with earnings growing in double digits, Ostapkovich said, stressing that the driving force…
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The settlement process in Sudan must involve all political forces, Egyptian Foreign Minister says
Badr Abdel Aty is convinced that “the resolution of the Sudanese conflict must be based on the interaction and consent of internal forces without any external interference.” At the Sudan’s civil political groups conference held in Cairo, he stressed “the need to preserve state institutions as a guarantee of the existence of a sovereign Sudan.”…
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