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Category: International Business & Finance

IMF review mission to Zambia tentatively scheduled for mid-April

Zambia is planning to start rationing electricity next week as a devastating drought that has been declared a national disaster affects hydropower generation, as well as food production NEW YORK – The International Monetary Fund will assess the economic impact of a devastating drought on Zambia in a visit tentatively scheduled for mid-April, the fund…
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March 9, 2024
A new home for the African diaspora in Ghana stirs tensions

Nestled in the sleepy town of Asebu, a few miles inland from the Atlantic along Ghana’s Cape Coast, lies a serene 5,000 acre rural settlement. A mud road at the entrance weaves through a dense, green landscape of dozens of homes and partially built concrete structures, enveloped by miles of farmland and palm trees. “Nobody’s…
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March 9, 2024
Russia-DRC: a military agreement stipulates the request for combat aircraft and training between the two countries

The Russian government has approved a draft military cooperation agreement with the Democratic Republic of the Congo (DRC). This draft includes provisions for warship and fighter jet visits by invitation or upon request between the two countries.According to this information shared in particular by the Belgian agency, Belga, quoting the Russian agency, Tass, the agreement…
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March 9, 2024
The Alexandria Naval Shipyard and the Italian company Fincantieri have signed a memorandum

The Alexandria Naval Shipyard and the Italian company Fincantieri have signed a memorandum of understanding, where both parties will discuss cooperation and joint ventures regarding the construction of naval vessels. It is important to note that the Alexandria Shipyard has become one of the biggest constructors of naval vessels and ships in the Middle East…
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March 7, 2024
TotalEnergies and Qatar Expand Namibia Oil Exploration Into South Africa

TotalEnergies and QatarEnergy are expanding their efforts to explore for oil and gas in the Orange Basin offshore Namibia by acquiring a nearby license in the basin in South African waters. TotalEnergies and its partner QatarEnergy have signed an agreement to buy participating interests in Block 3B/4B offshore South Africa from the companies Africa…
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March 7, 2024
Senegal’s government sets March 24 as the new date for the delayed presidential election

DAKAR, Senegal — The Senegalese government has set March 24 as the new date for the country’s delayed presidential election, its spokesperson said Wednesday after a meeting of the Council of Ministers, also announcing the dissolution of the government and appointment of a new prime minister. President Macky Sall, who is prevented for running for…
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March 7, 2024
Container group MSC says its ship hit by missile sailing to Djibouti

LONDON, March 5 – Container ship MSC Sky II was continuing its voyage to Djibouti on Tuesday after being hit by a missile a day earlier near Yemen’s port city of Aden, its operator MSC said. MSC Sky II was hit by a missile about 85 miles southeast of Aden and 170 miles east-southeast of…
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March 6, 2024
Liberia’s civil war refugees left destitute after decades-old Ghana camp demolished

BUDUBURAM, Ghana, March 5- Sitting on a tattered mattress amongst the rubble of his former home, Wendell Elijah Mallobe is one of 15,000 Liberian refugees left destitute after authorities in Ghana demolished the camp where he has lived for more than 30 years.“I don’t know anybody in Liberia. Nobody. They burnt the village I was…
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March 6, 2024
Ghana to Host Liberia’s War and Economic Crimes Court: A Milestone for Justice

Discover how Ghana’s role in hosting Liberia’s War and Economic Crimes Court signifies a step towards justice, accountability, and healing for victims of the civil conflict. Explore the challenges and expectations associated with this crucial judicial process. Ghana has been chosen as the pivotal venue for the establishment of Liberia’s War and Economic Crimes Court,…
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March 3, 2024
Weir Minerals: Leading by example in the pursuit of net zero

While its technological advancements are ensuring responsible and sustainable mining, Rajen Govender, MD Weir Minerals SA, points out that Weir Minerals is firmly committed to ensuring net zero in its own operations.
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February 29, 2024