Global Oil Demand to Hit 120.1mn Barrels per Day by 2050-OPEC
The Organisation of Petroleum Exporting Countries (OPEC) projects that global oil demand will reach 120.1 million barrels per day by 2050 from about 103mn barrels per day today, concurrent with [...]
Germany's Ruling Coalition Collapses after Chancellor Fires Finance Minister
Germany's shaky three-party ruling coalition collapsed after Chancellor Scholz fired Finance Minister Christian Lindner on Wednesday. In addition to firing Lindner, Scholz called for a vote of confidence in mid-January [...]Afreximbank Signs US$ 127mn Energy Deals, Budgets US$ 300k to Lobby Trump on AGOA
The African Export-Import Bank (Afreximbank) has signed multiple energy related deals worth US$127mn during the ongoing Africa Energy Week in Cape Town, African Energy Chamber said in a statement on [...]US Dollar, Bitcoin Surge after Trump’s Victory
The US Dollar strengthened to a near 1- year high on Wednesday with markets pricing in Donald J Trump’s victory in the 2024 elections. The Euro slid to a 4-month [...]
Donald Trump Wins 2024 US Elections as Republicans Win Senate Majority
Former President and Republican candidate Donald J Trump has won the presidential elections, beating Vice President Kamala Harris and staging a historic comeback after losing the controversial 2020 elections. This [...]Brazil's Petrobas Pursues More Oil Gas Projects in Southern Africa
Brazil's national oil company Petrobas, is pursuing 10 oil and gas opportunities in Angola, Namibia, and South Africa. “As we increase production, we increase the need for reserves. Brazil has [...]IMF Reaches US$11 Million Agreement with The Gambia
The International Monetary Fund (IMF) has reached a staff-level agreement to provide US$11.04 million to The Gambia, subject to approval by the IMF Executive Board. “Continued policy discussions mainly focused [...]African, Asian Development Banks Sign US $1bn Agreement
The African Development Bank (AfDB) and the Asian Development Bank (ADB) have signed a US $1bn exchange exposure agreement (EEA) to enhance AfDB's capital base on the sidelines of the [...]Africa Calls for US$ 120bn Development Fund, Reforms in Global Financial Structures
Africa is pushing for an additional US$15bn in funding for the International Development Association, after The World Bank and its donors said they would replenish the IDA with US$105 billion, [...]China, AU, SADC Call for an End to Sanctions on Zimbabwe on Anti Sanctions Day
China, the African Union, and the Southern African Development Community (SADC) have supported Zimbabwe's call for an end to sanctions, which they say have stifled the country's, and the region's, [...]
Canada to Reduce Immigration Significantly' For the Next Two Years-PM Trudeau
Ottawa, Canada, has said that it will reduce immigration into the country significantly' for the next two years, Prime Minister Justin Trudeau said on Thursday while announcing the Canada's 2025-2027 [...]Nigeria Drops Charges Against Binance Executive Tigran Gambaryan
After a seven-month legal clash with Binance executive Tigran Gambaryan, Nigerian Federal prosecutors have withdrawn fraud and money laundering charges against him. “The government has reviewed the case and, taking [...]
