Category: International Business & Finance
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Appropriation of Russian assets is illegal and contrary to UN Charter, Kenya’s President Ruto says
“The unilateral appropriation of Russian assets is […] unlawful, unacceptable, and a derogation from the UN Charter, especially for those who believe in freedom, justice, democracy, and the rule of law,” he said during a speech at the conference on Ukraine in Switzerland. The Kenyan president also called for peace, adding that Kenyan farmers have…
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Ero Copper’s Tucumã project set for production in early Q3
Ero Copper’s (TSX: ERO, NYSE: ERO) Tucumã project in Pará, Brazil, is on track for production next month after the company obtained its operational licence, the last remaining permitting milestone for commercial production. Physical completion of the mine is at approximately 99%, with commissioning well advanced and over 90% of the operational staff hired and…
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Macron “tarnishes the image of France and despises the French”: French politician on the presidential party’s setback in the European elections
🇫🇷 Emmanuel Macron is perceived as implementing policies dictated by “the Euro-Atlanticist oligarchy,” which partly explains this disappointing result, president of the Popular Republican Union party Francois Asselineau told Sputnik Africa. “The accurate interpretation of this vote is that the French can no longer stand Macron, mainly for domestic policy reasons, and they can no…
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Chile to install world’s largest astronomy camera on the edge of Atacama desert
🇨🇱 With a resolution above 3.2 gigapixels, a nearly three-ton weight and the ambitious task of carrying out an unprecedented decade-long exploration, the largest digital camera ever built for optical astronomy is ready to be installed under the clear skies of northern Chile. The pieces required to assemble the Vera C. Rubin Observatory – which…
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Investing
Texas is coming for Wall Street with a new BlackRock-backed stock exchangeNew Yorkpanafrican.email — Texas’ famous longhorns are coming for Wall Street’s bulls. A new national stock exchange, based in Dallas, and backed by Wall Street heavyweights like BlackRock and Citadel, is looking to take on the world-famous New York Stock Exchange and Nasdaq. The newly formed TXSE Group announced its plans to file for registration…
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Starlink still illegal in South Africa as Amazon holds talks with Icasa
While using Starlink in South Africa remains technically illegal, Amazon is working to get regulatory approval before launching its rival Project Kuiper service globally. Vodafone and local subsidiary Vodacom announced in September last year that they plan to use Project Kuiper’s network to extend 4G and 5G services to underserviced customers in Europe and Africa.…
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Lightspark CEO David Marcus: Lightning Network Will Become the World’s ‘Interoperability Neutral Settlement Layer’
David Marcus, CEO of Lightspark, a company that offers lightning network (LN) related services, has stated that LN will become the “interoperability neutral settlement layer” for the world. Marcus declared that only Bitcoin is “neutral enough” to be implemented as the enabler between national payment systems, granting companies and institutions adopting it an edge for…
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Zimbabwe says 60% of it’s population needs Food Aid until March
Zimbabwe said 9 million people — more than half of its population — will need food aid until March after the El Niño weather phenomenon resulted in a drought that decimated the nation’s corn crop, a staple in the southern African country. That forecast is a 17% increase from its previous prediction of 7.7 million…
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Liberia: Multinational Investors Arrive Monday; Targets Multiple Sectors
Recently President Joseph N. Boakai, and delegation attended the 16th edition of the U.S.-Africa Business summit that brought together over 1,500 Business executives and C.E.O. of major companies, which set the stage for Liberia to once more tell the world that Liberia is now safe for business investment. President Joseph Boakai message to international investors…
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Zimbabwe’s Mukuyu gas field ranked as the second-largest field discovered in sub-Saharan Africa in 2023
The largest gas field discovered in sub-Saharan Africa in 2023 was Namibia’s Jonker-1 field. “Having the Mukuyu discovery independently recognized as one of the largest discoveries in 2023 and acknowledged among several multinationals confirms our confidence in the quality and scale of this new gas field in Sub-Saharan Africa,” said Scott McMillan, Managing Director of…
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