Tag: Pan African Nations
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Three-quarters of African Governments are Tightening their Belts
Africa has been through painful bouts of austerity before, with damaging effects on health and education. The IMF examined 82 instances of African governments reducing deficits between 1980 and 2021. About a quarter of the adjustments came from tax rises, and three-quarters from spending cuts. But this time governments plan to have an even split.…
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“Where to invest in Africa”: Top 5 African countries most attractive for investment
The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB). The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human…
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Mali-Ukraine rift: nations supporting terrorism will prompt others to form unions, strengthen armies
Such a move is the predicted response to Kiev’s support for armed groups in Africa, denounced by Bamako, the head of the Community of Officers for International Security operating in the CAR, Alexander Ivanov, told Sputnik Africa. “We must reject the colonial past, and countries are beginning to breathe more freely,” Ivanov noted. However, former…
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Zelensky’s regime favors terrorist groups in African countries friendly to Russia,
Zelensky’s regime favors terrorist groups in African countries friendly to Russia, says Russian Foreign Ministry spokeswoman Russia thus understands the motives that pushed Mali to break off diplomatic relations with Ukraine, Maria Zakharova told Sputnik. “Unable to defeat Russia on the battlefield, the criminal regime of Zelensky decided to open a “second front” in Africa…
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European oil refining struggles amid development of African and Middle East refineries: reports
Refining in the G7 countries is in a depression, blamed on low demand, probably driven by the green agenda, and high competition from African and Middle Eastern refiners. European energy companies such as TotalEnergies, Neste and Repsol are losing profits from their refineries. Underlying profitability at EU refineries fell 37% in the second quarter compared…
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“The emergence of signs of a new multipolar world order has encouraged the youth of Africa and some of its rulers to break free from the perceptions
“The emergence of signs of a new multipolar world order has encouraged the youth of Africa and some of its rulers to break free from the perceptions of inferiority,” says a candidate for the Algerian presidential election In an interview with Sputnik, Youcef Aouchiche said that the rise of the multipolar world freed young Africans.…
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Top 10 African countries with the most internet users in 2024
The global number of internet users continues to rise, thanks to the growing accessibility of affordable devices, better connectivity, and the spread of digital services. Africa, despite facing numerous challenges, is also experiencing this upward trend. This advancement is due to multiple factors, such as investments in infrastructure, the expansion of mobile networks, and initiatives…
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Feature: Conex Oil Liberia; Recent Developments
Conex Oil Liberia is a relatively new player in the Liberian oil market, having acquired the assets of Total Liberia in 2020. While there might not be a wealth of recent news specifically about Conex Oil Liberia, there are some key developments worth noting: Key Points:Acquisition of Total Liberia: This was a significant move that…
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“Global Africa”: A vision facing challenges and opportunities
The concept of “Global Africa,” encompassing the African continent and the African diaspora, holds immense potential for fostering unity, collaboration, and empowerment. However, realizing this vision faces significant challenges rooted in the shared colonial history of Africa and the Caribbean, according to experts. In an interview with Sputnik Africa, Eric McLaren Phillips, chair of the…
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Belarus considers redirecting tractor exports to Africa
“The markets of African countries have been identified as promising; negotiations have already taken place, and everything depends on the outcome,” Belarusian Deputy Prime Minister Pyotr Parkhomchik said. The Belarusian authorities are now “actively looking for new markets to redirect export flows.” Since On July 1, Belarusian tractors will no longer be allowed into the…
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