The NBA’s $1B Play For Africa
July 10th, 2022
Via The Guardian, an article on the Basketball Africa League, a joint project between the NBA and Fiba, which hopes to tap into a market with a huge, tech-savvy and youthful population: On a March evening at New York’s John F Kennedy International Airport, an agent beckoned me over to the check-in counter and asked for […]
Read more »U.S. Investors Form Venture To Pursue Oil and Gas Projects In Venezuela
July 8th, 2022
Via Reuters, an article on U.S. interest in oil & gas projects in Venezuela: Two U.S. investment funds on Tuesday said they formed a joint venture with a Venezuelan firm to pursue oil and gas exploration and production projects in the U.S.-sanctioned South American country. Gramercy Funds Management and Atmos Global Energy said their joint […]
Read more »Fuel Shortage Driving Laos To Brink of Debt Default
July 8th, 2022
Via Business Insider, a report on how a fuel shortage is driving Laos — which is on the brink of a debt default — to seek out cheap Russian oil: The Southeast Asian country of Laos is discussing oil purchases with sanctions-hit Russia, the Nikkei reported, citing local media. It’s the latest Asian country after bankrupt Sri Lanka to face […]
Read more »Foreign Casinos Have Been a Disaster for Cambodia
July 8th, 2022
Via The Diplomat, an article on the impact that foreign casinos have had upon Cambodia: On June 27, hundreds of Cambodian security personnel violently dispersed a group of striking NagaWorld casino workers, beating the mostly female crowd and leaving 10 people injured. Since December 2021, staff at the casino in Phnom Penh have engaged in organized strikes […]
Read more »Iraq’s Economic Activity Constrained
July 8th, 2022
Via Frontier View, a look at Iraq’s current economic status: Oil production is growing, increasing to 4.58 million barrels per day this month Both businesses and consumers are suffering from higher inflation that is pressuring margins and household income, particularly as transportation and raw material costs spike. Price sensitivity will remain elevated among most consumers, […]
Read more »Taliban Wage War Over Coal in Northern Afghanistan
July 6th, 2022
Via Foreign Policy, an article on how a battle for cash pits the Kabul extremists against Hazara locals: Fighting has been ongoing in the remote Balkhab district of Afghanistan’s northern Sar-e-Pol province over the past several weeks, part of a showdown between a cash-strapped central government run by the Taliban and locals who are trying to […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.