African Reserves

The energy crisis creates a new European order: a strong Italy and a sick Germany

MILAN/FRANKFURT, Sept 30 (Reuters) – In the weeks since Russia invaded Ukraine on February 24, Claudio Descalzi, CEO of Italian energy giant Eni (ENI.MI), has is embarked on a whirlwind of journeys to gas suppliers in Africa. The visits included meetings with officials in Algeria in February as well as talks in Angola, Egypt and […]

African Reserves

Good news from around the world

We all need good news on the environmental front. In this series of monthly positive news blogs, we highlight current successes of the Greenpeace campaign, but also wins and wins for the wider social and environmental movement to boost us in our fight for people and the planet. . Thailand – No coal in Krabi […]

African Reserves

Jihad takes root in northern Benin

The assassination on September 14 of two customs officers a few days after the kidnapping of three people linked to the government, signals an alarming resurgence of jihadist violence in northern Benin (The 4 Truths, September 14, 2022). ACLED records 26 events of political violence staged in northern Benin attributed to the Jama’at Nusrat al-Islam […]

African Reserves

US gas prices climb for the first time in nearly 100 days – and remain 15% higher than last year

The US average for a gallon of gasoline rose to $3.681 on Wednesday from $3.674 on Tuesday, marking the first increase in 99 days, according to AAA data. A month ago, prices were $3.904 a gallon, while a year ago a gallon was $3.192, about 15% below the current rate. According to the AAA, Mississippi […]

African Reserves

Cheetah Breeding: Kuno Project Requires Careful Handling

The translocation of eight Namibian cheetahs to Kuno National Park has created its share of controversy. While hailed as a great move to reintroduce an iconic big cat, it will take years of careful monitoring to ensure the cat thrives and it doesn’t turn out to be just a publicity exercise. We are […]

African Reserves

NGO seeks to tackle mass poisoning of vultures

A leading African conservation organization is exploring ways to use technology to curb the poisoning of vultures in Gonarezhou National Park in Zimbabwe and Limpopo National Park in Mozambique. The two hunting reserves would be the most affected by the poisoning of the vultures. The Endangered Wildlife Trust (EWT), which is dedicated to the conservation […]

African Reserves

T20 World Cup squads: Sri Lanka and Pakistan announce squads, New Zealand to announce on September 20: follow live

T20 World Cup squads: Sri Lanka T20 WC squad – ICC’s September 15 deadline for announcing teams has passed. Pakistan announced their squad with the fitness of Shaheen Afridi. New Zealand and Sri Lanka have yet to announce their 15. The Kiwis took an extension from the ICC and announced head coach Gary Stead would […]

African Reserves

Africa must remove barriers to cross-border trade to target food insecurity, warns IFPRI

African countries must improve their cross-border transport infrastructure or risk remaining vulnerable to shocks in global food supply chains, experts from the International Food Policy Research Institute (IFPRI) have warned following the publication the United States Department of Agriculture’s (USDA) monthly World Agricultural Supply and Demand Report. Estimates. Structural problems remain Africa‘s food security has […]

African Reserves

The Many Roots of Mozambique’s Murderous Insurgency – Eurasia Review

By Liesl Louw-Vaudran* The conflict erupted in Mozambique’s northern Cabo Delgado province just years after some of Africa‘s biggest gas reserves were discovered in the offshore Rovuma basin. Mozambicans see this as a coincidence. A new study by the Institute for Security Studies and the Judicial Training Institute of Mozambique has conducted extensive field research […]

African Reserves

Stephen Miller and Brian Jack, Trump’s top aides, were among more than a dozen people subpoenaed for the DOJ’s sweeping January 6 investigation: NYT report

According to the New York Times, two former Trump advisers were subpoenaed this week as part of the Justice Department’s wide-ranging investigation into the events surrounding the Jan. 6 Capitol riot and beyond. Stephen Miller, Trump’s senior White House political adviser, and Brian Jack, Trump’s political director, were among more than a dozen people in […]

African Reserves

Gas prices could rise as European and Asian suppliers rush to charter LNG carriers

With a global energy crisis looming, European and Asian natural gas suppliers are rushing to charter LNG carriers and that competition could potentially drive up gas prices, according to a new note from S&P Global. This is particularly problematic for Europe, which has already shelled out billions to secure gas supplies since Russia cut gas […]

African Reserves

African Climate Week 2022: In Central Africa, the African Development Bank is collaborating with United Nations agencies to advance climate action | African development bank

The African Development Bank and several United Nations agencies – the United Nations Regional Office for Central Africa, the Educational, Scientific and Cultural Organization (UNESCO) and the United Nations Office on Drugs and Crime (UNODC) – join forces to advance climate action in Central Africa. This region is highly strategic in the fight against climate […]

African Reserves

Anxiety in East Africa as Kenya’s Supreme Court settles election dispute

By Otieno Otieno By LUKE ANAMI The Supreme Court is expected to rule on nine issues raised by the petitioners regarding the integrity of the election and the legality of declaring Vice President William Ruto president-elect. It is a difficult time in Kenya as the country awaits the Supreme Court’s verdict on the presidential election […]

African Reserves

NNPC Weekly: Kyari seeks more FDI in Nigeria’s energy sector

By Edith Ike-Eboh and Emmanuel Afonne Malam Mele Kyari, the Group Managing Director (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has urged investors to tap into the huge business potentials of the Nigerian energy sector to invest in the country. Kyari, speaking at the Nigerian-Indian Business Forum in Abuja, said that the […]

African Reserves

Reinvent the water sector in Africa by 2063

PETER MAKWANYA Pierre MakwanyaAGENDA 2063, is the African development narrative and paradigm, aiming to articulate and put forward the concept of the Africa We Want. A number of development agendas are central to Africa’s sustainable development frameworks, but with climate change adaptation guiding and shaping the Africa we want, it is the water sector that […]

African Reserves

The Eastern Mediterranean unties the Gordian knot of Europe’s energy dependence

Eager to show some political achievements at the postponed second Russia-Africa summit in mid-June 2023, the Russians are rushing to lay the first concrete for the second unit of the El Dabaa nuclear power plant in the Arab Republic of Egypt. Russia has signed on to build nuclear power plants in a number of African […]

African Reserves

Lars Windhorst agrees to repay 550 million euros to H2O in “weeks”

Lars Windhorst has pledged to hand over more than €500m to H2O Asset Management within weeks, which would clear a significant chunk of the controversial financier’s debts to the struggling investment firm. Windhorst, a 45-year-old German entrepreneur with a checkered business history, is late repaying more than a billion euros to H2O, a former star […]

African Reserves

Rwanda: Why the Bar has suspended nearly 100 lawyers

The Rwanda Bar Association (RBA) has suspended 96 lawyers for various professional offences, including failure to pay annual dues on time. The suspensions, according to the President of the Bar, Moïse Nkundabarashi, range from one month to one year, depending on the seriousness of the offence. The new times has since learned that 20 lawyers […]

African Reserves

Climate change: bears and bison are more resilient than mice and lemmings, study finds

A recent study examines how various mammals are responding to climate change. Bison and bears are examples of long-lived, low-breeding animals that are more resilient than small, short-lived animals like lemmings and mice. As the average global temperature rises, extreme weather events such as prolonged droughts and torrential downpours are becoming more frequent, which will […]

African Reserves

Nigeria’s Edo State goes back to the future with palm oil production

In the 1960s, Nigeria was the world’s largest producer of palm oil. Today, palm oil has become one of the most versatile oils and can be found in almost everything. The World Wide Fund for Nature estimates that it is found in up to 50% of the packaged products we find in supermarkets around the […]

African Reserves

Artisanal gold mining in South Africa is out of control. Mistakes that brought him here

Illegal and unregulated artisanal gold mining in the Witwatersrand Basin, located south of the South African province of Gauteng, poses a growing threat to community, industrial and state security. Reports of turf wars between rival gangs or shootouts between illegal miners and security guards are commonplace. Tracy Lynn Field, University of the Witwatersrand But recent […]

African Reserves

Kenya: The Economic Legacy of Uhuru Kenyatta – Big Promises, Low Deliveries

Uhuru Kenyatta and his deputy, William Ruto, ascended to the presidency of Kenya in March 2013. This followed a disputed poll which they won with a narrow majority of 50.3% of the votes cast. They took office shortly after the enactment of Kenya’s progressive constitution in 2010. This gave them the unique responsibility of leading […]

African Reserves

Paul Eardley-Taylor to discuss financing Africa’s energy future at Africa Energy Week (AEW) 2022

At the continent’s premier event for the African oil and gas industry – African Energy Week (AEW) (www.AECWeek.com) 2022 – discussions will largely focus on how the continent will finance the development of its energy resources. As the world begins to see Africa as a potential supplier of global oil and gas demand in 2022, […]

African Reserves

Naira overvalued by 200%, can be devalued – Rewane

The Nigerian currency is overvalued by 200% and the Investors and Exporters Window (I&E) exchange rate could be devalued next month, Bismarck Rewane, managing director of Financial Derivatives Company Limited (FDC). The naira has depreciated against the dollar in the Nigerian foreign exchange market in recent weeks. It fell to N431 per dollar, its lowest […]

African Reserves

Marinica names provisional CHAN squad – Malawi 24

Flames head coach Mario Marinica has named a 28-man provisional squad set to enter camp on Sunday in preparation for the TotalEnergies Algeria 2022 African Nations Championship second qualifying round against Mozambique. The Flames will host Mozambique at Bingu National Stadium in Lilongwe on Saturday August 27, 2022, before traveling to Maputo for the second […]

African Reserves

Coverage of imports at six-year low with the cancellation of the obligation

Market News Coverage of imports at six-year low with the cancellation of the obligation Tuesday 02 August 2022 The Central Bank of Kenya building in Nairobi. PICTURES | DENNIS ONSONGO | NMG Kenya’s import cover fell to its lowest level in six and a half years after the National Treasury canceled more than $1 billion […]

African Reserves

Who is Zandile Ndhlovuis? Meet the fearless Great White Shark Fighter nicknamed the Black Mermaid

South Africa‘s first black freediving instructor, Zandile Ndhlovu, is dedicated to exposing underprivileged youth to the ocean world. Nicknamed the Black Mermaid, Ndhlovu says she wants to diversify ocean spaces because they have historically excluded black people, Indigenous people and people of color. Through the Black Mermaid Foundation, she organizes snorkeling trips for children living […]

African Reserves

THE NEW SCRAMBLE FOR AFRICA: Europe sees Africa’s vast gas reserves as an alternative to Russia

European countries see African energy resources as a possible substitute for Russian gas, announcing tentative investments in the near future despite announcing plans to phase out fossil fuel consumption. African nations welcome investment, but want long-term commitments. “The West’s rush for African natural resources…is being met with suspicion,” Patrick Godi, project officer at the Republic […]

African Reserves

Uber helps Moove grow in India

Today, in the connected economy, Africa-based mobility fintech Moove is partnering with Uber to help Moove grow in India. Plus, fintech credit card Cardless signs a deal with American Express, and Pinterest’s Jeremy King talks to PYMNTS’ Karen Webster about his company’s e-commerce plans. Uber and the Moove team will accelerate their expansion in India […]

African Reserves

Africa: US-Africa Business Summit 2022 – a successful event (Ministry)

Rabat — The 14th United States-Africa Business Summit 2022, which took place from July 19 to 22 in Marrakech, was a success, according to the Ministry of Industry and Commerce. The participants in this summit, organized under the High Patronage of HM King Mohammed VI, were able to discuss for 3 days around the opportunities […]

African Reserves

Cheetahs, which disappeared in India 70 years ago, will soon roam this forest MP

Twelve of the predatory cats, which once roamed much of Asia and Africa and are now extinct in India, will be flown to Madyha Pradesh state where they will be introduced to Kuno National Park, a said the University of Pretoria in a statement. Thursday. In January 2020, the Supreme Court (SC) had authorized the […]

African Reserves

Optimizing the gas market is key to addressing the looming energy crisis in South Africa

As South Africa‘s power crisis continues to escalate, with utility Eskom stepping up implementation of load shedding; maximizing the exploitation of the country’s gas reserves is key to ensuring energy security, accessibility and reliability. In addition to stabilizing energy supply, optimizing the gas sector offers Africa‘s second-largest economy the opportunity to attract the massive investments […]

African Reserves

Central African Republic greenlights Bitcoin as a reserve asset

Summary: Bitcoin is expected to serve as a reserve asset in the Central African Republic. The primary coin was recently approved as a legal tender in the African state following a proposal by leading lawmakers. CAR has also launched its Sango coin and sidechain project to complement and fuel nationwide crypto adoption. Initiatives such as […]

African Reserves

Pan African hits full-year production record

Aim and JSE-listed gold mining company Pan African Resources increased gold production by 2% in the year ended June 30 to a record 205,459 ounces, beating its production forecast most recent upward revisions of 200,000 ounces. Its Barberton Mines Fairview underground operations and Barberton Tailings Reprocessing Plant surface operations performed well during the reporting period, […]

African Reserves

Rupee deal to boost trade with countries hit by sanctions: exporters

The central bank’s decision to allow export and import settlement in rupees to ease pressure on foreign exchange reserves would boost trade not only with Russia but also with other sanctioned countries like Iran , the exporters told FE. The facility can also be leveraged to trade with Sri Lanka and some African countries that […]

African Reserves

Chinese energy companies ‘threaten’ to stop Afghan coal imports

Islamabad: As the steady decline in foreign exchange reserves in Pakistan continues, Chinese energy companies in Pakistan have threatened to halt the import of Afghan coal into Pakistan if the National Electricity Regulatory Authority (NEPRA) n did not approve of lowering prices within a week to ensure a good market. and electricity continues in the […]

African Reserves

UK firm signs coal deal in Zimbabwe

Hwange Coal Mine HARARE – British company Contango Holdings has announced that it has signed its first offtake agreement with a South African trading company for the production of coking coal from its Lubu project in the Hwange Basin in Matabeleland North province. Metallurgical coal or coking coal is a grade of coal that can […]

African Reserves

“Now we play golf for less money”

Ian Finnis has been on Tommy Fleetwood’s bag since 2016. He made headlines when in 2020, at the height of the pandemic, he ran a raffle raising over $10,000 which he donated to his colleagues hardest hit by the pandemic situation. . He is now back in the limelight, shaking up the DP World Tour […]

African Reserves

Buy locally made jewelry to avoid Russian conflict gold

“If your jewelry isn’t made in New Zealand, there’s no way to know where your gold was mined,” said Ash Hilton of Good Gold and Ash Hilton Jewellery. The US, UK, Canada and Japan are considering banning Russian gold imports in a bid to thwart the Kremlin’s war in Ukraine, but New Zealand has not […]

African Reserves

Last call to C-in-C on botched Reserve Force call

Infantry training at Port St Johns, also used by the Umzimvubu Regiment. A disgruntled officer from the Umzimvubu regiment, tasked as enlistment warrant officer for an enlistment call for Operation Prosper last July, turned to President Cyril Ramaphosa as commander-in-chief of the Force of National Defense SA (SANDF) in a last resort to deal with […]

African Reserves

Live Updates: GE CEO Culp takes charge of aerospace business ahead of three-way split

It seems like the time has come for central bankers to come together and think about ways to pull their economies out of a global inflationary crisis. So thank goodness the European Central Bank’s annual Forum on Central Banking, a gathering amid the palaces of the pretty Portuguese town of Sintra to discuss the challenges […]

African Reserves

WHO declares monkeypox a public health emergency

The World Health Organization announced on Saturday that the global outbreak of monkeypox does not currently constitute a public health emergency of international concern. The WHO convened an emergency committee on Thursday to discuss whether the designation, which has only been given to six outbreaks since 2007, was appropriate for monkeypox. “The emergency committee shared […]

African Reserves

Amid Russian invasion, EU grants candidate status to Ukraine and Moldova

Zelensky said that “the future of Ukraine is within the EU”. Kyiv: European Union leaders granted candidate status to Ukraine and Moldova on Thursday in a strong show of support against invading Russia, as the United States said it was sending Kyiv more high-precision rocket systems. The West’s latest attempts to side with Ukraine came […]

African Reserves

Imprisoned Putin critic Alexey Navalny is living in isolation that is ‘purely psychological torture’, says his daughter

The daughter of imprisoned Putin critic Alexey Navalny has said her father suffered “purely psychological torture” while in solitary confinement in a maximum security prison in Russia. During an interview with CNN’s Jim Sciutto that aired on Monday, Dasha Navalnaya detailed the harrowing living conditions Navalny faces after being moved to a remote prison earlier […]

African Reserves

Why eastern Congo is home to eternal war

Why is North Kivu a powder keg where conflict can break out at any time? In establishing their foreign dominance in the interlacustrine region, the Belgians who settled in what came to be known as Zaire (now the Democratic Republic of the Congo) were immediately consumed by the potential benefits of the northern volcanic highlands. […]

African Reserves

DG of Sierra Leone Petroleum Authority to talk about new licenses at MSGBC Oil, Gas & Power 2022

Download logo Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/) is proud to announce that Foday Mansaray, Managing Director of the Sierra Leone Petroleum Directorate (PDSL) under the Office of the President, will be presenting at the upcoming MSGBC Oil, Gas & Power Conference & Exhibition (https://bit.ly/3zFBqwU) in Senegal from September 1-2 this year. Joining the highly […]

African Reserves

WHO insists monkeypox vaccination is not right for everyone — MercoPress

WHO insists monkeypox vaccination is not right for everyone Wednesday, June 15, 2022 – 09:36 UTC First-generation vaccines held in national stockpiles ‘do not meet current safety and manufacturing standards’, says WHO report The World Health Organization (WHO) on Tuesday insisted on its recommendation not to vaccinate en masse against monkeypox, despite the […]

African Reserves

The hidden world of rhino poachers

Glass garages are popping up in small towns near the border of one of South Africa‘s biggest game reserves. Owners want you to be able to see their sports cars. Kruger National Park is home to an endangered and rare animal species, the rhinoceros, and people who poach them make a fortune from their horns, […]

African Reserves

Bretton Woods Bitcoin Conference in El Salvador

Kudzai Kutukwa is a passionate advocate for financial inclusion and has been recognized by fast company magazine among the top 20 young entrepreneurs under 30 in South Africa. In July 1944, in Bretton Woods, New Hampshire, more than 730 delegates from 44 countries gathered at the Mount Washington Hotel in what became known as the […]

African Reserves

Only 147 municipalities submitted declarations to the Compensation Fund

Of a total of 267 municipalities registered with the Compensation Fund (CF), only 147 submitted their declarations to the Fund, according to the Ministry of Employment and Labour. The ministry said this conduct exposes millions of workers facing the risks of occupational hazards to insufficient coverage. The Compensation Fund’s chief director of workers’ […]

African Reserves

As bottle pressing brews in Ghana, all macros turn red

The Russian-Ukrainian war is wreaking havoc around the world and perhaps the effect is greater than ever in emerging African markets, such as Ghana, as ever imagined. Ghana, a leading Anglophone economy in the sub-region, faces new realities beyond the pandemic-induced crisis and rapidly changing trade dynamics with warring Russia and Ukraine. Although more than […]

African Reserves

Dollar dominance and the rise of non-traditional reserve currencies

Source: Adobe/William W. Potter Serkan Arslanalp is Deputy Head of Division in the Balance of Payments Division of the International Monetary Fund Department of Statistics of the (IMF); Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California; Chima Simpson Bell is an Economist in the African […]

African Reserves

Kenyan economist urges Africa to encourage large-scale agriculture to boost food security

Peasant Agriculture in Burundi, Burundi. (Photo by: Godong/Universal Images Group via Getty Images) According to an agricultural expert, Africa needs to focus more on large-scale commercial farming rather than subsistence farming to improve its long-term food security prospects. The Food and Agriculture Organization of the United Nations estimates that around 60% of farms in sub-Saharan […]

African Reserves

Transition from coal to renewable energy in Africa | White & Case srl

Blocking funding for gas power projects in Africa may seem like a sensible climate policy. But is it? Although the generally accepted ultimate goal is to replace fossil fuels entirely, there are strong arguments to begin by replacing coal with natural gas, especially for baseload generating capacity. Finding alternatives to fossil fuels is one of […]

African Reserves

What is a South African Krugerrand found at Debbie’s? The preview of “Everything But Home” is full of antiques

The HGTV show Everything but the house premiered Saturday, May 28, 2022 at 9:00 PM ET with returning host Lara Spencer. This series is different from conventional home improvement shows, which is clear from the title because it focuses on the valuables inside people’s homes that can be sold. Lara Spencer, host of hello america, […]

African Reserves

Burkina Faso bakers demonstrate against soaring wheat prices

Earlier this week, the stores of some bakers who had already raised their prices were raided and closed. In response, other bakers across the West African country protested Thursday by closing their stores. In a press release published by the association of bakers –Federation of Bakery, Pastry and Confectionery Patrons of Burkina Faso —Members have […]

African Reserves

Ministry to cap visitors to parks and game reserves

Economy Ministry to cap visitors to parks and game reserves Wednesday, May 25, 2022 Najib Balala, Cabinet Secretary for Wildlife and Tourism. PICTURES | NJAU SALATON | NMG By ELIZABETH KIVUVAMore from this author Summary The high-volume parks and reserves, Masai Mara, Amboseli and Nairobi National Park, will not allow visitors beyond their capacity of […]

African Reserves

Nigerians spend $221m on overseas education in three months – CBN report

An analysis of data obtained from the Central Bank of Nigeria showed that Nigerians spent at least $220.86 million on overseas education between December 2021 and February 2022. This is according to CBN data on the amount spent on educational services under sectoral use for transactions valid for currencies from December 2021 to February 2022. […]

African Reserves

EXPLAINER: 4 Stablecoins available to Africans and where you can get them

Stablecoins have drawn a lot of attention, amidst the TerraUSD ($UST) stablecoin crash in May 2022, which wiped out $42 billion for $UST and $LUNA holders. That being said, several stablecoins continued to maintain their peg to the dollar, remaining stable as expected. These include reserve asset stablecoins such as: USDC USDT BUSD A fourth […]

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 […]