Category: International Business & Finance
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Cocoa farming in Liberia risks undermining EU deforestation law
JOHANNESBURG, April 22 (panafrican.email) – Farmers are clearing forests in Liberia to create cocoa plantations and are trafficking the beans into neighbouring Ivory Coast, undermining European efforts to curb deforestation, research by a conservation group showed on Monday. A law approved by the European Union and set to come into force at the end of this year…
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Taliban reportedly asks to participate in organization of Islamic cooperation’s Summit in Gambia
๐ฌ๐ฒ๐ฆ๐ซ The Taliban* interim government intends to send its representative to the 15th Heads of State and Government Summit of the Organization of Islamic Cooperation (OIC) in the Gambia, Turkish media reported. The 15th OIC Summit is set for May 4-5 in Banjul, Gambia, with leaders from its 57 member states anticipated. The Taliban have…
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US accusing South Africa of aligning itself with “malign” Russia & China is a form of colonization, analyst says
๐บ๐ธ๐ฟ๐ฆ ๐ฌ “Russia’s preponderance in several countries, in the economic, military, political and ideological spheres, directly influences the US, which is already planning laws to prevent the extension of these partnerships, which they consider to be evil and against American interests,” Carolina Vasconcelos, a researcher at the Conjuncture Assessment Center (NAC) for the Sub-Saharan Africa…
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๐ฌ๐พ Hess Secures Construction Permit for Whiptail Project, Squeezing Out Exxon
Hess has successfully acquired a construction permit for its sixth project within the Stabroek block – Whiptail offshore Guyana. With the backing of local authorities, Hess anticipates a capacity increase of 250 thousand barrels per day by 2027. Interestingly, news surfaced in April regarding ExxonMobil’s interest in investing $12.7 billion in Whiptail. Notably, Exxon operates…
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UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive
๐ฆ๐ช๐ฟ๐ฒ The mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining empire. The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in…
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A Nigerian schoolgirl abducted by extremists 10 years ago is rescued pregnant, with 3 kids
๐ณ๐ฌ A girl who was seized from her school along with hundreds of others during a raid by extremists ten years ago in northeastern Nigeria has been rescued together with her three children, the Nigerian army said Thursday. Lydia Simon, who is five months pregnant, was rescued by Nigerian troops in the Gwoza council area…
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House Passes Bill to Force TikTok Sale From Chinese Owner or Ban the App
The legislation received wide bipartisan support, with both Republicans and Democrats showing an eagerness to appear tough on China. The House on Wednesday passed a bill with broad bipartisan support that would force TikTokโs Chinese owner to either sell the hugely popular video app or have it banned in the United States. The move escalates…
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Nigerian Tunde Onakoya has set a new world record by completing the longest chess marathon
โ ๐ณ๐ฌ Nigerian Tunde Onakoya has set a new world record by completing the longest chess marathon To raise money for underprivileged children in Africa, he played continuously for over 58 hours in New York City’s Times Square without being defeated. “I can’t process a lot of the emotions I feel right now. I don’t…
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UK’s Rwanda asylum plan to be debated on April 22
Britain’s plan to send asylum seekers to Rwanda will be debated on April 22 in the House of Commons, the government said on Thursday, setting the date for the latest stage in a protracted battle over the scheme. On Wednesday, Britain’s House of Lords rejected for a fourth time the piece of legislation needed for…
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Middle East conflict escalation to increase global oil prices, Nigeria Budget Office warns
๐ณ๐ฌ The escalation of the ongoing conflict in the Middle East could spike global oil prices and that could result in slowing down economic growth, Ben Akabueze, the Director General of theย Nigerianย Budget Office of the Federation, toldย Sputnik. ๐ฌ”If the conflict escalates, it might have implications for globalย oilย prices, oil markets, and to that extent,” Akabueze said.…
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