Category: International Business & Finance
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Heavy rains claim 155 lives in Tanzania in the midst of East African floods
๐น๐ฟ Torrential rains associated with El Nino have led to catastrophic flooding and landslides in Tanzania, resulting in the deaths of at least 155 individuals, as announced by Prime Minister Kassim Majaliwa on Thursday. Majaliwa also reported that over 200,000 people and 51,000 households have been impacted, with infrastructure damage including roads and bridges, as…
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Niger-Benin pipeline: First drops of oil arrive at Sรฉmรจ Krakรฉ
Benin is expected to receive transit duties and tax revenues per quantity of Nigerien oil that gushes out at Sรฉmรจ Krakรฉ. The projection comes as the platform where the 1980km pipeline that connects the Agadem oil fields lands. Last Sunday, Nigerien oil gushed out at Sรฉmรจ Krakรฉ in Benin raising hopes for at least 2,000…
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Namibia Encouraged to Join OPEC Amidst Oil Discoveries
๐ณ๐ฆ The Organization of the Petroleum Exporting Countries (OPEC) is actively enticing Namibia to become a member, offering support to bolster the southern African nation’s emergence as a significant oil producer. “We are encouraged by the potential of the Namibia-OPEC partnership and stand ready to offer support at this crucial time,” stated OPEC Secretary General…
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Togo’s opposition seeks West African regional court intervention to cancel reforms
๐น๐ฌ Togo’s opposition has filed a lawsuit at the ECOWAS Court of Justice to contest a constitutional reform switching the country to a parliamentary system amid rising political tension and the upcoming legislative elections on April 29. Arguing that the reform was approved by a parliament with an expired mandate and without proper public consultation,…
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Which five countries are leading in projected GDP growth in sub-Saharan Africa this year?
๐๐ The highest GDP growth per year will be shown by these countries, according to the latest regional outlook of the International Monetary Fund: ๐ณ๐ช Niger – 10.4%;๐ธ๐ณ Senegal – 8.3%;๐ท๐ผ Rwanda – 6.9%;๐จ๐ฎ Cote d’Ivoire – 6.5%;๐ช๐น Ethiopia – 6.2%. However, the forecast is not limited to this year: in 2025, the ranking will…
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Saudi Arabia to Become Leader in Crypto Industry in Next 10 Years
Saudi Arabia is suitable for projects that are looking for a place where they can develop and implement their ideas and for ordinary representatives of the crypto community who want to conduct their activities openly and transparently. Today, you can watch the history of cryptocurrencies formation as an international means of payment and at the…
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Venezuela Expands Oil Trade to Cryptocurrency amid U.S. Sanctions
๐ป๐ช In response to renewed U.S. oil sanctions, PDVSA is increasing its utilization of digital currency for oil and fuel transactions. The U.S. Treasury Department recently set a deadline of May 31 for PDVSA’s customers and providers to conclude transactions under a general license that remains unrenewed due to electoral reform issues. Since last year,…
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Record Natural Gas Exports from the U.S. in 2023
๐บ๐ธ In 2023, the United States witnessed a significant milestone in natural gas exports, with a remarkable increase of 10% compared to 2022, reaching a record-breaking 20.9 billion cubic feet per day. More than half of these exports comprised liquefied natural gas (LNG), marking a pivotal moment in the nation’s energy landscape. Notably, LNG exports…
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Cape Town and Pretoria surge past London and Rome in quality of life ranking
๐ฟ๐ฆ In the latest Numbeo (international rating platform) Quality of Life Index, South Africa’s Cape Town (83rd) and Pretoria (104th) ranked well above London (131st) and Rome (133rd), showcasing their rising living standards. ๐ Other African cities featured in the rankings include Durban, Johannesburg, Nairobi, and Cairo, indicating a growing regional focus. Notably, the Netherlands…
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Why is Washington Losing Its Influence to Moscow in Africa?
Last month, Niger withdrew from a military agreement with the United States that had allowed a US drone base to be established in the north of the African country. Explaining their decision, Niger’s military authorities said that the agreement had been imposed on the country and was not in the interests of its people. Russia’s…
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