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Category: International Business & Finance

Liberia:Charles Taylor had a vision for Liberia in 2030.

Less than 100 freed African slaves and freeborn African-Americans originally founded the Republic of Liberia. With the support of the Quaker run American Colonization Society (ACS), these emancipated slaves and freemen traveled by ship to the west coast of Africa, where they established a settlement, which later became the capital of Monrovia, in 1816. By…
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March 23, 2024
Belize: Shyne Barrows Strikes Back At Briceno’s Budget

A two-day debate followed the March 8th national budget presentation by Prime Minister Honourable Dr. John Briceño. A special sitting of the House of Representatives was held on March 20th and 21st in the Capital City of Belmopan to debate the 2024-2025 budget, also known as the General Revenue and Appropriation Bill, proposed by the current…
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March 23, 2024
ExxonMobil’s Interest in exploring Liberia’s offshore blocks

Liberia, located in West Africa, has significant potential for oil production due to its proximity to the oil-rich Gulf of Guinea. The country has been actively exploring its offshore blocks for oil reserves. ▪️ExxonMobil’s interest in Liberia ExxonMobil has expressed interest in exploring and producing oil in Liberia’s offshore blocks. In March 2021, the company…
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March 23, 2024
Crisis Looms: Tanker Shortage in 2024

In 2024, the global tanker industry faces a dire situation with only two new supertankers slated for construction, marking a staggering 90% decrease from the annual average observed since the early 2000s. The repercussions of this scarcity are already being felt as owners increasingly avoid traversing the southern Red Sea, leading to a palpable shortage…
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March 23, 2024
Exploiting Africa’s Resources: The Looting Machine

Africa remains a rich reservoir of natural wealth, encompassing rare earth minerals, metals, gold, and hydrocarbons. Despite this abundance, a significant portion of Africa’s populace resides in nations where oil, gas, and minerals hold pivotal economic roles. However, average incomes in these regions persistently lag behind the global average. Moreover, reliance on commodity exports often…
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March 23, 2024
IMF mission on visit to Ethiopia finance ministry official said.

💰🇪🇹 An International Monetary Fund staff mission is in Ethiopia, a senior finance ministry official said on Thursday. Last month, IMF spokesperson Julie Kozack had said the fund would send a mission to Ethiopia to discuss its request for a loan programme. In December, the Paris Club of developed creditor nations said Ethiopia’s agreement with…
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March 23, 2024
Nigeria to Halt Issuance of Mining Licenses Without Local Value Addition Plans, Declares Minister of Solid Minerals Dele Alake

Minister of Solid Minerals, Dele Alake, has declared that Nigeria will cease issuing mining licenses unless applicants provide approved plans for local value addition. This directive encompasses resources such as lithium and particularly gold, emphasizing the necessity for processing within Nigeria to generate “greater value and benefit to local communities”. Additionally, Alake highlighted the importance…
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March 23, 2024
Zimbabwe mining boss arrested for fraud

The Zimbabwe Miners Federation (ZMF) president has been arrested for fraud after allegedly attempting to sell three mines she does not own. Police spokesperson Paul Nyathi told local media that Henrietta Rushwaya had been taken into police custody after receiving a complaint about mining transactions. Nyathi added that Rushwaya was “assisting police with investigations”. She…
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March 23, 2024
Russia donates wheat and fertiliser to Zimbabwe

HARARE, ZIMBABWE — Russia donated 25,000 tons of grain and 23,000 tons of fertilizer to Zimbabwe to help combat the effects of El Nino-induced drought, which has dwindled crop yields in most parts of Southern Africa. President Emmerson Mnangagwa accepted the donation Wednesday, saying it would help alleviate the drought Zimbabwe is coping with and…
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March 23, 2024
Catholic church slates Malawi president’s leadership

🇲🇼 The influential Catholic church in Malawi has criticised President Lazarus Chakwera, saying the country has become worse in the four years of his leadership. In a scathing attack that appears to be directed at the president, the church, through its bishops, said “we have witnessed a glaring failure of leadership”. “Most Malawians fail to…
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March 22, 2024