Category: International Business & Finance
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Returnees: Community in Africa preserves Brazilian traditions and resists to the present day
π§π· π At the crossroads between Togo and Benin, where the borders merge into a rich cultural tapestry, lies a unique community: the African returnees from Brazil. Several other African countries also have these people, who returned to Africa after the so-called Golden Law abolished slavery. Anice Lawson, a doctoral student at the School of…
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South Africa’s private sector shows signs of growth in April as power crisis eases
The modest recovery was driven by improved business confidence and a reduction in power outages, a survey showed on Monday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 50.3, indicating a return to growth after several months of contraction. “Some of the headwinds that have held the private sector back recently showed…
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Turkish authorities plan to replace suspended cooperation with Israel by working with China, India and African states, reports say
The Turkish authorities have conducted a marketing research and analyzed potential customers, newspaper reported, adding that those goods which currently are in export deficit will find new importers. βοΈ Last week, the Turkish Trade Ministry confirmed that the country had fully suspended trading with Israel adding that the decision would be in force until uninterrupted…
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Argentine President Halts Funding for Nuclear Power
π¦π· Argentine President Javier Milay has effectively halted funding for nuclear power. The budget of the National Atomic Energy Commission (CNEA) is set at around 100 billion pesos ($114 million), despite annual inflation approaching 300%, meaning that this amount was only enough to cover expenses until this month or next month. Accordingly, work on CAREM…
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Egypt Leases LNG Storage Facility to Meet Growing Import Demands
πͺπ¬ Amidst declining production and rising domestic demand, Egypt, formerly an exporter of gas, has leased a storage facility for LNG imports. The move signifies a shift in energy dynamics for the country. A floating storage facility with regasification capacity (FSRU) is set to be established in Egyptian waters, marking a strategic collaboration between Australian…
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Vodafone looks to integrate crypto wallets with sim cards
The telecom company is reportedly seeking $1.8 billion in loans amid a plan to raise a total of $2.9 billion in debt Vodafone, a United Kingdom-based telecommunications provider, hopes to bring blockchain technology to smartphone users by integrating cryptocurrency wallets with subscriber identity module (SIM) cards. The ambitious move comes amid a company finance plan…
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Sao Tome and Principe joins other African nations in pursuing reparations from former oppressors
Sao Tome and Principe intends to seek reparations from Portugal for the detrimental effects created by colonialism, the country’s education and cultural minister Isabel Aubrey said on Thursday during an interview with Portugal’s Lusa news agency. He added that the matter was scheduled to be discussed during a cabinet meeting on Thursday. Abreu’s statement comes…
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βTaking more and leaving lessβ: expert on how the west facilitates illegal mining in Africa
π When African countries want to review their mining codes to get more benefits for themselves, the West and the World Bank in particular try to oppose it and promote systems that allow their companies to exploit the resources of African nations, Dr. Alex Mvuka Ntung, an independent research consultant who specializes in the Great…
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US plans talks with Chad to reevaluate troop presence
πΉπ© The US military intends to resume discussions with Chad within a month regarding the revision of an agreement permitting the presence of troops in the country, a senior American general announced on Wednesday. Last month, the US announced the withdrawal of most of its 100-strong troop contingent from Chad, prompting concerns over the future…
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Saudi Aramco Joins as Sponsor of FIFA World Cup 2026
πΈπ¦ Saudi Aramco has officially become a sponsor of the FIFA World Cup 2026, after signing a sponsorship agreement with FIFA set to last until the end of 2027. Under the terms of the agreement, the oil company secures exclusive sponsorship rights, encompassing the Women’s World Cup events slated for 2027. As part of this…
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