Via Bloomberg, a report that Somalia has signed an oil production-sharing agreement with a US company: Somalia’s government signed an oil-production sharing agreement with US-based Coastline Exploration Ltd., the latest step toward developing the war-torn nation’s energy industry. Coastline, based in Houston, Texas, paid $7 million to the government for seven agreements and will now proceed […]
Read more »Via Business Daily Africa, a look at Safaricom’s recent entry to Ethiopia, the first competitive telco to the state run provider in history: Listed telco Safaricom has recently made its official entry into Ethiopia, launching its telecommunications business with a mobile money nod expected within the next one month. Business Daily sat with the company’s chief […]
Read more »Via the South China Morning Post, commentary on how the new era of China’s BRI is likely to see a more focused portfolio, greater international cooperation on finance and repaired relationships: Some of China’s Belt and Road Initiative projects have not been doing well, and it is not all China’s or the host countries’ fault. […]
Read more »Via Nikkei Asia, commentary on how the US government’s PGII can take lessons from successes involving private sector: The White House has styled the Partnership for Global Infrastructure and Investment announced by U.S. President Joe Biden in June as a $40 billion pathway to work with allies, partners and the private sector to offer sustainable, green […]
Read more »Via Belt and Road blog, commentary on the BRI and China’s overseas projects: China dominates the world in its overseas development finance into power plants, mines, dams, and other infrastructure. However, while many projects sail through, a good many get stalled. The results have less to do with Beijing and more with the strength of […]
Read more »Via Fast Company, a report on Nigeria’s tech and crypto culture: Nigeria sits at Africa’s heart: Geographically, it’s nestled middle-left of the curve in the kidney bean-shaped land mass, and its economy boasts the highest GDP on the continent (nearing $450 billion in 2021). The pulse of the country beats with the pace of rapid […]
Read more »