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After a seven-month legal clash with Binance executive Tigran Gambaryan, Nigerian Federal prosecutors have withdrawn fraud and money laundering charges against him.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 [...]Tupperware, Maker of Iconic Food Containers, Agrees to Sell to Lenders, Cancels Auction
Tupperware, maker of iconic food containers, has agreed to sell its business to a group of lenders for US$23.5 million in cash and over US$63 million in debt relief, cancelling [...]UN Secretary-General Advocates for Permanent Seats for Africa
António Guterres, the United Nations (UN) Secretary-General, has reiterated his call for reforms to the global institution he leads, including the lasting issue of permanent seats in the UN Security [...]Angola, US Sign Open Skies Agreement
Just days after US President Joe Biden cancelled a trip to Luanda, Angola, the two countries have announced the signing of an open skies agreement. By concluding this pro-consumer, pro-growth, [...]Africa Needs $194bn in Additional Financing to Achieve SDGs- UNGA President
Africa will need about $194bn in additional financing annually to achieve the 2030 Agenda for Sustainable Development (SDGs), the United Nations General Assembly President Philémon Yang said in New York on [...]3 Scientists Win Economics Nobel Prize for Demonstrating Why Nations Fail
The Royal Swedish Academy of Sciences has awarded the 2024 Nobel Prize in economics to three scientists, including the authors of the world-renowned book “Why Nations Fail”—Daron Acemoglu, James Robinson, [...]
