Via News24, an article on two new oil discoveries in Namibia: Two oil discoveries offshore of Namibia are likely to bring in an equivalent R53 billion in revenues for the state, a prominent global consultancy group has estimated. In early February, Shell and its partners announced they had made a significant oil discovery at its […]
Read more »Via Asharq Al-Awsat, a report on Morocco’s plans to establish an EV battery gigafactory: Morocco is negotiating with electric vehicle battery manufacturers to set up a plant in the country to mesh with its existing automotive sector and cobalt output. “We hope to sign a deal for the plant before the end of this year,” […]
Read more »Courtesy of Foreign Policy, an article on Baku’s efforts to turn Shusha, a fabled fortress town that was key to last year’s war between Azerbaijan and Armenia into a resort: Above a valley carpeted with dense pine forest, the rocky cliff that leads to the town of Shusha is riddled with scars left by the […]
Read more »Via Foreign Policy, a report on Ghana’s economic development: At first glance, an item of business news that crossed my transom one morning this week seemed like a clear economic win from Africa: Ghana, which enjoys a reputation as one of the continent’s most successful nations, had signed a $3.2 billion contract with an international consortium to […]
Read more »Via The Diplomat, a look at Pakistan’s economic crisis: Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In […]
Read more »Via Rest of World, an article on the allure of Africa’s digital markets: Fears of a global economic downturn are well-founded. Russia’s invasion of Ukraine has pushed energy prices to record highs and disrupted global access to food. This follows the pandemic, which delivered a shock to supply chains, creating challenges for businesses and consumers. With inflation […]
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