African Reserves

47 new doctors of veterinary medicine recognized at the start of the new academic year in spring 2022

May 18, 2022 TU College of Veterinary Medicine Class of 2022 Pledge Ceremony. Contact: Anissa Riley, Director of External Affairs, College of Veterinary Medicine The Tuskegee University College of Veterinary Medicine (TUCVM) Class of 2022 had 47 newly recognized Doctors of Veterinary Medicine on April 30. In-person Veterinary Medicine Oath and Hood Ceremony from College […]

African Reserves

Sibanye-Stillwater raises first tonnes of R4bn, 4,000 jobs K4 platinum project

JOHANNESBURG (miningweekly.com) – The first tons have been hoisted at Marikana K4, Sibanye-Stillwater’s high-yield platinum-group metals (PGM) recovery project, which was largely pre-developed and outfitted when acquired with the late Lonmin in 2019. “The K4 project is an unrivaled and industry-leading project in the PGM industry that will provide significant value and benefits to all […]

African Reserves

Obasanjo, Osinbajo, Soludo and others offer solutions to Africa’s infrastructure deficit

*Kyari: Continent will solve its energy problems before joining the renewable energy movement *AFC launches $2 billion intervention for African countriesEmmanuel Addeh and James Emejo in Abuja Several African personalities including former President Olusegun Obasanjo, Vice President Yemi Osinbajo, President Nana Akufo-Ado, Governor of Anambra State, and Professor Chukwuma Soludo converged on Abuja yesterday to […]

African Reserves

Nigeria: Faced with massive financing of government deficits, the CBN refuses to publish its annual reports

The Central Bank of Nigeria has not made its annual reports public since 2018, a move analysts say is aimed at covering up mismanagement at the biggest bank. In clear violation of its own laws, the Central Bank of Nigeria (CBN) has repeatedly failed to publish its annual reports detailing its operations and financial obligations. […]

African Reserves

Eskom SUSPENDS load shedding on Saturday

Eskom has announced that it is suspending load shedding on Saturday, May 7, 2022, due to production capacity improvements. The beleaguered utility says units at some of its power plants have been returned to service and other units will be restored later today. “The power system has recovered to a point where load shedding can […]

African Reserves

Why non-alignment is an urgent imperative for the Global South

South Africa and other countries that abstained from voting against Russia at the United Nations General Assembly in response to the war in Ukraine are facing intense international criticism. In South Africa, domestic criticism has been extraordinarily acute and often clearly racialised. Abstention is often assumed to mean that South Africa supports the Russian invasion, […]

African Reserves

Not much to celebrate on Workers’ Day – Numsa

Today is International Workers’ Day, but the National Union of Metalworkers of South Africa (Numsa) says there is not much to celebrate. “Twenty-eight years after the first democratic elections catapulted the ANC to power, the working class in South Africa continues to be dominated by white supremacy,” said union general secretary Irvin Jim. Jim points […]

African Reserves

Nigeria: Again NNPC did not contribute to Federation account in March

The Nigerian National Petroleum Company (NNPC) again failed to deposit money into the federation account, a joint pool run by the country’s federal, state and local governments in March. Together with the inability of the national oil company to contribute last month, this means that since this year the NNPC has not funded the statutory […]

African Reserves

Worsening drought in the Horn of Africa puts up to 20 million people at risk

The UN has allocated $100 million to fight hunger in Africa and the Middle East as the fallout from war in Ukraine threatens to push millions even closer to starvation. The contribution from the Central Emergency Response Fund (CERF), announced on Thursday, will go to relief projects in six African countries and Yemen. lifesaving help […]

African Reserves

Activists urge banks not to back East Africa pipeline

Climate activists are urging financial firms not to back a $5 billion pipeline project in East Africa. The East African Crude Oil Pipeline aims to transport oil from the Hoima oilfields in Uganda to the Tanzanian coastal city of Tanga. Approval to begin construction of the pipeline came in early February after a final agreement […]

African Reserves

Uganda Clays strengthens its shareholders with a dividend of 1.35 billion shillings

Uganda Clays Limited announced a sharp increase in its annual profit for 2021 and promised to return 1.35 billion shillings to shareholders, with dividends subject to the approval of the annual general meeting. The clay products maker reported an after-tax profit of 5.9 billion shillings on April 14, up 21% from a year earlier amid […]

African Reserves

Beautiful landlocked African country targets tourism

Elephant on the Shire River Getty Malawi in southeast Africa is often confused with Mali, or even the Maldives in the Indian Ocean – but it’s working hard right now to change that. On my only visit there some 20 years ago, I could see the reasons why, despite its natural beauty and wildlife opportunities, […]

African Reserves

Protection fees that supported the dollar

U.S. dollars By Owei Lakemfa It was like a mafia arrangement. A customer pays and is sure to be protected. In this case, it was between the United States and the United States, which prides itself on being the most free, democratic, gender-friendly and open country in the world based on human rights. fundamentals. Its […]

African Reserves

The most densely populated area in the world

Map Explained: Key Facts About Ukraine The modern state of Ukraine was formed nearly 30 years ago after the collapse of the Soviet Union in 1991. Since then, the country has often made headlines due to political instability and the imminent threat of a Russian invasion. In the graphic map above, we look at Ukraine […]

African Reserves

War in Ukraine, Food Shortages in North Africa, and the Risks of a New Arab Spring

TUNIS — History tells us that in 2010-2011, rising commodity prices, particularly wheat, were one of the main causes of the uprisings that spread across the Arab world. Today, the conflict between Russia and Ukraine is testing many global economies dependent on wheat imports, especially in North Africa. This begs the question: Could there be […]

African Reserves

OPEC President and Congolese Hydrocarbons Minister Bruno Itoua to Lead Strong Oil and Gas Talks at AEW 2022

HE Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, will participate in the main investment platform in Africa, the Africa Energy Week (AEW), which will take place from 18 to 21 October 2022 in Cape Town under the theme “Exploring and investing in Africa’s energy future while creating an enabling environment”. As […]

African Reserves

South Sudan’s rivals sign security deal

In a major breakthrough, the president and his deputy sealed a deal to unify command of the security forces, a deal that is easing political tensions in the East African country. According to the agreement, appointments should be made within a week, with the graduation of unified forces within two months. (Reuters) In what has […]

African Reserves

How the war in Ukraine is affecting food supplies in Africa and the Middle East | Global development

Lebanon When the Muslims of Lebanon sat down for their first iftar of Ramadan tonight, the meal in front of them will have cost much more than six weeks ago. The Middle Eastern country, already mired in economic crisis and battling inflation before war broke out in Ukraine, now finds itself grappling with even higher […]

African Reserves

‘Black Mambas’: CPH:DOX Review | Comments

Dir: Lena Karbe. Germany/France. 2022. 81 min. In 2013, when rhino poaching in South Africa‘s Kruger National Park reached an all-time high, an all-female anti-poaching unit was founded. They were named the Black Mambas; over several years, the team expanded to employ some forty-five women from nearby communities, providing a lifeline to families at a […]

African Reserves

South Sudan Petroleum Minister confirms participation in Africa Energy Week 2022

House ” General” South Sudan Petroleum Minister confirms participation in Africa Energy Week 2022 African Energy Week (AEW), Africa‘s leading investment platform for the oil and gas sector, is proud to announce that the Hon. Puot Kang Chol, Minister of Petroleum of the Republic of South Sudan, will attend and participate in AEW 2022, which […]

African Reserves

President unhappy with gas licensees

the herald Victoria Falls Office Delays by some investors in implementing renewable or low-carbon energy projects are potentially hampering Zimbabwe’s progress despite the government granting investors special permits, the president said. He told delegates to the 3rd International Renewable Energy Conference and Expo in Victoria Falls yesterday that Zimbabwe has vast investment opportunities in the […]

African Reserves

Nigeria: Government speaks tough and acts against oil thieves as Buhari deploys Sylva, Kyari and CDS to Niger Delta

President Muhammadu Buhari yesterday deployed the Minister of State for Petroleum Resources, Mr. Timipre Sylva, the Group Managing Director of the Nigerian National Petroleum Company (NNPC), Mallam Mele Kyari as well as the Chief of Staff of the Defence, General Lucky Irabor to assess the level of oil theft in the Niger Delta. The development […]

African Reserves

Kubernetes Docker Registry enables better container orchestration

The open-source version of Kubernetes Docker Registry is not optimized for enterprise-grade security. Therefore, using a third-party app is highly recommended. JFrog The Artifactory solution is the best Kubernetes registry that supports over 25 different technologies and offers strong security. Benefits of Kubernetes Docker Registry The Kubernetes solution is a DevOps tool designed to automate […]

African Reserves

Donald Sharper Obituary (1945 – 2022) – Toledo, OH

Donald “Big Cat” Andrew Sharper Donald “Big Cat” Andrew Sharper, 77, passed away peacefully in the early morning hours of March 9, 2022, in the care of his daughters, at Genesis Village Senior Retirement Community. He was the humble and beloved patriarch of many, extending far beyond the circle of his biological family. – Despite […]

African Reserves

Africa could help fill EU gas supply gap

Brent crude briefly fell below $100 a barrel on Monday, a week after hitting a 14-year high of $130 on March 6, easing fears of an energy-fueled recession and chronically high oil prices. gasoline. This is the first major correction in energy markets after a period of heightened volatility. Last week, Moscow followed through on […]

African Reserves

Some leaders in the developing world want to get out of the clean energy transition

Nigeria’s Chairman of the Oil and Gas Free Zones Authority, Timipre Sylva, attends the ‘Saudi Green Initiative’ forum, in the capital Riyadh on October 23, 2021. Sylva said this week that his country should be left out of the transition world towards clean energy. Credit: Fayez Nureldine/AFP via Getty Images Energy leaders from some developing […]

African Reserves

Dance/NYC Announces Coronavirus Dance Relief Fund: New York State Edition

Dance/NYC has announced its Coronavirus Dance Relief Fund: New York State Edition, made possible through the generous support of the New York State Council on the Arts. The purpose of this fund is to continue Dance/NYC’s existing relief efforts and mitigate the impact of COVID-19 on individual dance creators and low-budget dance-creating organizations and groups […]

African Reserves

US urges Americans living or traveling in Russia to leave ‘immediately’

The US State Department on Saturday warned Americans to “leave Russia immediately” as the country continues to engage in war with Ukraine. In a Level 4 advisory, the U.S. Embassy and Consulates in Russia said there are limited commercial flight options to ferry Americans out of the country. “If you wish to leave Russia, you […]

African Reserves

Lawmakers push to ban Russian oil imports, despite White House resistance

WASHINGTON — Congressional Republicans and Democrats are pushing President Biden to ban Russian energy imports as they seek new ways to punish Moscow for its bloody invasion of Ukraine, even as the White House resists the idea, which she said would drive up gas prices and other energy costs for Americans. The effort reflects a […]

African Reserves

Africa’s resources cannot fuel the Western Green Revolution

WHEN BORIS Johnson announced plans for a new ‘green industrial revolution’ last November, he promised Britain would become a world leader in green technology. But many other countries are vying for this title. China has made its own plans for its own green industrial revolution. While technological change is badly needed to move industries away […]

African Reserves

Study highlights need for Southern Ocean marine conservation areas

The largest research project ever undertaken by multiple nations, using seabird and mammal tracking data across the Southern Ocean, calls for the urgent creation of conservation areas. The results of this international collaboration, published in Nature, aim to inform spatial management across the Southern Ocean, to recommend where Marine Protected Areas (MPAs) should be expanded […]

African Reserves

Fortnite/Marvel Crossover Comic Hints at Shuri’s Skin

Fortnite and Marvel are releasing a new comic this summer, and the cover suggests Shuri could be the next playable Marvel character skin. fortnite and wonder are teaming up again for a new comic book crossover, hinting that Shuri from Black Panther fame could be the next playable fortnite the skin. Epic’s hit multiplayer battle […]

African Reserves

How a WWII sailor became Major League Baseball’s first black pitcher

Dan Bankhead was Major League Baseball’s first African-American pitcher. Prior to that, he played Negro League baseball for the Birmingham Black Barons and Memphis Red Sox from 1940 to 1947. Then, when MLB began to fall apart, he played for the Brooklyn Dodgers from 1947 to 1951. During World War II, Bankhead served in the […]

African Reserves

For Bangladesh to realize its potential as a nation, it must look beyond its borders

In The anarchy by William Dalrymple, we discover the official trading company created by Tipu Sultan to trade with the ports of the Arabian Sea and the Persian Gulf. The wealth of this company enriched the sultanate of Mysore and enabled Tipu Sultan to provide his army with the latest French artillery. The company built […]

African Reserves

Gold Fields South Deep mine pays off after years of losses

gOld Fields Ltd. said the turnaround at its giant mine in South Africa was starting to pay off after more than a decade of losses that plagued the Johannesburg-based company. South Deep, which sits on the third-largest known deposit of gold ore, nearly tripled the net cash it generated to US$97 million in 2021 as […]

African Reserves

Nigerian growth stops in 2021

Nigeria’s growth all but stalled in the last quarter of 2021, dashing hopes that Africa‘s most populous country will recover quickly from Covid-19. Capital Economics, a London-based economic research firm, has built a model that suggests growth slowed significantly in the fourth quarter after falling from 5% in Q2 to 4% in Q3. The company […]

African Reserves

African Pioneer PLC lifted by positive site visit in Namibia

African Pioneer PLC (LSE:AFP) gained ground after a positive site visit to its 85% owned Ongombo Copper Mine project in Namibia. Chairman and CEO Colin Bird said, “All the fundamental elements of the Ongombo Copper Mine project are in place. The technical team visit was designed to identify potential negative issues and look for opportunities […]

African Reserves

Government did the right thing by defying Fitch and Moody’s downgrade – Economist

Economist and political risk analyst Dr Theo Acheampong said the government’s decision to challenge the downgrades of Fitch and Moody’s is a step in the right direction. This is because, according to him, there is “a kind of African or African bias in the way the ratings are done”. Speaking on Monday, February 7, 2022, […]

African Reserves

Al Ahly overcome embezzlement, beat Monterrey and face Palmeiras in Club World Cup semi-final

Even without being able to count on six starters and four other reserves, who serve for the Egyptian national team in the African Cup of Nations, the Egyptian team managed to qualify. EFE/EPA/ALI HAIDERAl Ahly beat Monterrey 1-0 in the Club World Cup quarter-finals THE Al Ahly surprised by winning Monterrey (Mexico) 1-0, this Saturday […]

African Reserves

Sale of animal-related NFTs raises funds for conservation of South African reserve

JOHANNESBURG, Feb 4 (Reuters) – Four-year-old leopard Tlalamba has achieved a lot in his short life. She is the queen of her mother’s former territory, has given birth to two cubs, and so far is the most sought-after animal on her stash among buyers of a new non-fungible token sale project. (NFT) to raise funds […]

African Reserves

US military begins deporting COVID-19 vaccine denials after more than 3,000 soldiers get in trouble for not getting shots

The U.S. military will begin separating soldiers who refuse to be vaccinated against COVID-19 under a new directive announced Wednesday by Secretary of the Army Christine Wormuth. The order for commanders to begin involuntary separation from unvaccinated soldiers applies to all regular army soldiers, as well as active duty cadets and reservists, who do not […]

African Reserves

Deadline Detroit | Starkman: Spectrum takeover of Ailing Beaumont underscores power of US hospitals and weakness of President Biden

The writer, a freelancer from Los Angeles, is a former Detroit News business reporter who blogs at Starkman Approved. By Eric Starkman John Fox, the Atlanta porter who washed up on the shores of southeastern Michigan seven years ago to shore up Beaumont Health’s profits and bloat Metro Detroit’s largest hospital network so he could […]

African Reserves

Etihad will resume service from Johannesburg from March 3

Dubai: Abu Dhabi-based Etihad Airways will resume services to/from Johannesburg, South Africa from March 3, the airline has announced. Passengers arriving from Johannesburg will be required to present a negative PCR test result obtained within 48 hours of departure and a negative rapid PCR test obtained within six hours of departure from the airport. They […]

African Reserves

Buhari: Our job creation, economic diversification policies are working

According to him, the inauguration of the cement plant is an indication that the federal government’s policies on economic diversification, job creation and creating an environment conducive to business prosperity are working. He described the factory as the largest employer of private sector labor in the northwestern part of Nigeria. The president told that in […]

African Reserves

EXCLUSIVE Shell hits oil and gas in Namibian offshore well

Shell has made a “significant” discovery in the Graff-1 well The Namibian government will hold a press conference on the discovery It remains unclear whether Shell will develop a field LONDON, Jan 25 (Reuters) – Shell (RDSa.L) has made a major oil and gas find in a closely guarded offshore well in Namibia that could […]

African Reserves

Shahnawaz Dahani promises to win trophy again for Multan Sultans

Shahnawaz Dahani.– Screenshot via Geo News I’m still the same Dahani when it comes to my attitude, the player says. Pacer says he will surprise hitters with his new strategy in PSL 7. Dahani calls the meeting with former India captain MS Dhoni a “very special moment”. KARACHI: Shahnawaz Dahani was a lesser-known name exactly […]

African Reserves

Ricky Gervais castigates “evil” hunters by asking “who do they think they are?”

Comedian and activist Ricky Gervais has condemned the “nasty” hunters who will attempt to kill a polar bear tomorrow at the Safari Club International’s annual convention. Proceeds from the auction, it is claimed, will be used to lobby the UK government against the ban on the import of hunting specimens. Ricky, a supporter of the […]

African Reserves

Residential land prices push Saudi property inflation to highest level in almost 2 years

CHINA: Saudi Arabia retained its top spot in Chinese oil supplies in 2021, with supplies up 3.1% from 2020, and increased its share to 17% of total Chinese imports, according to the customs data. China imported 87.58 million tonnes of crude oil from the kingdom, equivalent to 1.75 million barrels a day, data from the […]

African Reserves

Ghana: Economy not in distress… Ministry of Finance denies Bloomberg report

Ghana’s economic fundamentals remain strong with improving debt and liability management, the finance ministry has assured investors in the country. He said that despite the global challenges occasioned by the COVID-19 pandemic, the country does not face any impending external imbalance or reserve shortfall, contrary to media reports. A statement released yesterday by the ministry’s […]

African Reserves

‘Great world player in the making’: Shastri heaps praise on SA star, compares him to a ‘childhood hero’ | locust

South Africa scripted an impressive Test series victory from behind as the Proteas side beat India by seven wickets in Cape Town chasing a tough 212 on the Newlands box. The victory negated the first-ever Test series victory in the Rainbow Nation for India, which was equipped with relatively experienced players in front of the […]

African Reserves

Corrected version: the vaccine famine and its impact on African economies

By Ahunna Eziakonwa We are about to start a third year of life with COVID-19. Humanity and world solidarity are now at a new test – and yet the implications of the lack of solidarity keep us all in the boat of mutations, lockdowns, quarantines and delayed SDGs – prosperity for all is denied . […]

African Reserves

Nigeria: As CBN Simplifies Forex Access Process

The introduction of an electronic foreign exchange request should simplify the process of accessing the greenback. The recently introduced electronic exchange (forex) application has been described as a major tool to facilitate access to forex for travelers, SME operators, those who pay tuition fees, health bills and others. who need the greenback for genuine transactions. […]

African Reserves

Saudi and Emirati religious moderation inspires little beyond their borders

Saudi Arabia and the UAE praised social reforms that nationally reduced the role of religion in public life, strengthened women’s rights and, in the case of the UAE, adapted to non-Muslim lifestyles. Yet the efforts of Saudi Arabia and the Emirates to position their countries as the beacons of the Muslim world of an autocratic […]

African Reserves

The dollar gauge set to end the week has hardly changed, as traders aren’t taken aback by the hawkish Federal Reserve pivot

The US dollar index is set to end the week virtually unchanged, despite the release of the Federal Reserve minutes showing a hawkish pivot away from an accommodative policy, which has led to massive sell-offs in the stock markets and to greater expectations of aggressive tightening in the coming months. The DXY index, -0.60%, which […]

African Reserves

Emerging Markets Central Bank Asset Purchases Can Be Effective …

(MENAFN- Caribbean News Global) By Tobias Adrian, Christopher Erceg, Simon Gray and Ratna Sahay Over the past two decades, central banks in emerging markets have made substantial progress in building the credibility necessary to conduct countercyclical monetary policy. During the COVID crisis, many of these central banks not only cut interest rates sharply, but also […]

African Reserves

An update as Omicron Surge beats in the US

Exchange is monitoring the Omicron variant, which has skyrocketed COVID cases across much of the world. Fortunately, some early data suggests that this variant could be, in some cases, less fatal than previous variants. Cases have increased dramatically, with an average of 400,000 new cases recorded in the United States each day, double the numbers […]

African Reserves

A military nod to marriages with “foreigners” and other associated Sri Lankan nonsense | Print edition

Views) : On the same day that the powerful voice of South African anti-apartheid lawyer and priest Desmond Tutu fell silent (December 26, 2021), Sri Lanka announced an absurd rule potentially requiring citizens who marry “foreigners” »Obtain a security clearance from the Ministry of Defense. Parameters that defined the apartheid state There is a terrible […]

African Reserves

Covid Updates: South Africa Says Its Omicron Wave Passed Without Big Spike in Deaths

Children wait to receive their vaccine in Albuquerque in November.Credit…Paul Ratje for The New York Times The Centers for Disease Control and Prevention released two studies Thursday that highlighted the importance of immunizing children against the coronavirus. One study found that serious problems in children aged 5 to 11 who received the Pfizer-BioNTech vaccine were […]

African Reserves

UNESCO celebrates half-century of biosphere preservation |

“It’s really a program for people, because people are part of nature… so they are integrated into the protection of nature but also into the sustainable use of natural resources,” said Miguel Clusener Godt, from United Nations Educational, Scientific and Cultural Organization (UNESCO) Secretary of the MAB program. © UNESCO Where we are Today, 727 […]

African Reserves

How wind power is transforming communities in Viet Nam

Increasingly, compliance with US sanctions against Iran could become a litmus test of the UAE’s close ties with the United States. On the brink of a potential rift between the allies is an agreement reportedly recently struck by a private UAE company to build gas-fired thermal, solar and wind power plants with a total capacity […]

African Reserves

Congolese regulator will stifle the Nigerian telecoms market | The Guardian Nigeria News

The CONGO-Brazzaville Telecommunications Regulatory Authority (CTRA) has declared its readiness to take advantage of the success of the Nigerian telecommunications market. This was brought to light when a delegation from the Central African nation made a scheduled visit to the Nigeria Communications Commission (NCC), primarily to study the latter’s policies, practices and programs that have […]

African Reserves

Lebanon needs $ 12 billion to $ 15 billion to jumpstart recovery, central bank chief says

ANKARA: Turkish Foreign Minister Mevlut Cavusoglu on Monday announced that a Turkish company and a Qatari company would jointly submit a proposal to the Taliban to run five airports in Afghanistan for their approval “if the conditions are right.” A busy week awaits technical delegations as a group of experts are expected to travel to […]

African Reserves

“Nigeria, others lagging behind in the transition to renewable energy in Africa” – :::… The Tide News Online :::…

After months of lockdown due to Covid restrictions and OPEC cuts, along with significant international criticism of misplaced funds, Nigeria appears optimistic about the future of its faltering oil industry at a time when few others are.The Nigerian government announced this week that it expects the country to produce 1.88 million barrels per day of […]

African Reserves

South Africa: Green Hydrogen Policy – A Rapidly Growing Timeline of Important Developments

In short As an essential component of South Africa‘s energy transition, the production, transport, storage and use of green hydrogen have been the subject of numerous policy updates and commitments from the public and private sectors. in the country, especially in the past year. The schedule of developments is not expected to slow down as […]

African Reserves

A Week at Kruger – The Mother of All Safari

Being born and raised in the remote state of Assam in northeast India has its perks, especially when it comes to appreciating concepts like wilderness, mountains, conservation issues, etc. -National parks known as Kaziranga, Manas, Pobitora, etc…, accompanied by my father, who being an agricultural scientist frequently had to visit the remote hinterland of the […]

African Reserves

History of segregation in Las Cruces public schools

Many black families who immigrated to New Mexico in the early part of the 20th century came in hopes of escaping Southern Jim Crow laws and establishing communities where they could thrive. Families, like the Boyer who founded Blackdom near Roswell, and then settled in Vado, established farms in the Mesilla Valley. Other families, like […]

African Reserves

A private reserve deplores the lack of government support …

This article contains graphic images that may disturb sensitive readers. During a routine patrol on Wednesday evening, an anti-poaching unit found four rhinos dead and one wounded with horns torn off at the Inverdoorn private reserve just outside Cape Town. Johan van Schalkwyk, Marketing Director of the Aquila Collection Group, a portfolio of private game […]

African Reserves

Resistance to shocks of African nations, debt sustainability varies widely despite shared vulnerabilities

Zambia, Angola and Gabon are Africa’s three riskiest economies in 2021 ranking On the other hand, the characteristics common to the most brittle economies include net capital outflows, volatile and less globally traded national currencies, large net international liability positions, insufficient reserves and high foreign participation and the denomination of their public debt in foreign […]

African Reserves

Nigeria drops to 14 as Egypt tops Africa for investment destinations

Posted December 5, 2021 Nigeria has gone from the top 10 investment destinations in Africa to 14 while Egypt remains the number one nation. This is indicated by an RMB report titled “Where to invest in Africa 2021”. According to RMB, a division of FirstRand Bank Limited, the ranking is based on countries’ operating environments. […]

African Reserves

Digitize Africa’s mines

Mineral resources are an essential source of income for Africa. In 2019, minerals and fossil fuels accounted for more than a third of the exports of at least 60% of African countries. The continent produces around 80% of the world’s platinum, two-thirds of its cobalt, half of its manganese and a substantial amount of chromium, […]

African Reserves

Latest updates: Hospitalizations for Covid in the United States increased in November

Omicron has been detected in at least 21 countries, as governments around the world impose restrictions to limit the spread of the latest variant of the coronavirus. Nigeria and Ireland joined the list today, while Hong Kong reported a fourth infection upon the arrival of a traveler from Qatar. “Further epidemiological investigations revealed that the […]

African Reserves

China promises one billion doses of COVID-19 vaccine to Africa

China has pledged to donate a billion coronavirus vaccines, advance billions of dollars for African trade and infrastructure, and cancel interest-free loans to African countries to help the continent recover from the coronavirus pandemic. Speaking via a video link from Beijing at the Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping said China will […]

African Reserves

Oil Minister Hardeep Puri Says High Crude Oil Prices Are Hurting Global Economic Recovery, Auto News, ET Auto

Oil Minister Hardeep Singh Puri on Friday said continued high international oil prices would hurt global economic recovery as he renewed his advocacy with Saudi Arabia and other OPEC producers so as not to keep production levels artificially lower. He described India, alongside the United States, Japan and Korea, releasing oil stocks from their emergency […]

African Reserves

United States to restrict travel from 8 African countries on Monday, citing variant

The United States is expected to restrict travel from eight countries on Monday due to a new variant of the coronavirus. The countries are South Africa, Zimbabwe, Botswana, Lesotho, Mozambique, Eswatini, Malawi and Namibia, NBC News reported. The World Health Organization on Friday called Omicron a “worrying variant” of the coronavirus. Loading Something is loading. […]

African Reserves

Biden to tap into U.S. oil reserves to fight rising gas prices

WASHINGTON – Working with five other countries, President Biden on Tuesday ordered the release of oil from the country’s emergency stockpile as Americans face rising gas prices amid inflation ahead of the holidays, according to senior administration officials. The administration will draw on 50 million barrels of crude from the strategic oil reserve. Britain, China, […]

African Reserves

US must lead the way to prevent Sudan from becoming the next Libya

When a post-colonial country with little or no democratic tradition escapes a brutal dictatorship, it rarely becomes a democracy. Instead, he is likely to be faced with political chaos and foreign players scrambling for strategic advantage. This is what happened in Iraq after the fall of Saddam Hussein, and in Libya after the ousting of […]

African Reserves

Label what you’re saving for

Good habits don’t have to be seasonal, especially when it comes to saving money. READ ALSO: Ochse offers tips for saving money According to African Bank Marketing Director Sbusiso Kumalo, we all start with good intentions at the start of a year, but these often seem to fade as the year progresses. “We can all […]

African Reserves

Nigeria exports gas as citizens cannot buy due to soaring prices – Economist

The former director general of the Lagos Chamber of Commerce and Industry said Nigerians face a “double risk” of expensive food and expensive cooking gas. Muda Yusuf, economist and former director general of the Lagos Chamber of Commerce and Industry, described the recent rise in liquefied petroleum gas (LPG) prices as contrary to the desire […]