Saudi Arabia Moves Closer to $1 Billion Barrick Pakistan Deal
April 21st, 2024
Courtesy of Bloomberg, a report that Saudi Arabia is moving closer to a large scale mining investment in Pakistan: Manara Minerals said planning to invest in Reko Diq project Saudi Crown Prince and Pakistan Prime Minister met this month Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a […]
Read more »OPEC Eyes Namibia For Possible Membership As Oil Production Looms
April 21st, 2024
Via Africa Business Insider, an article on how the OPEC+ oil producers coalition, having seen departures like Angola in recent times, is considering Namibia for potential membership: The OPEC+ oil producers coalition, having seen departures like Angola in recent times, is considering Namibia for potential membership. TotalEnergies and Shell have found around 2.6 billion barrels of oil, […]
Read more »For Multinationals, Africa’s Allure Is Fading
April 21st, 2024
Courtesy of Bloomberg, a report that – after decades of optimism about the region – global giants such as Bayer, Nestlé and Unilever are cutting back: Nestlé SA in August shuttered production of Nesquik chocolate milk powder in South Africa, citing falling demand. A year ago, Unilever Plc pulled the plug on the manufacturing of home-care and skin-cleansing […]
Read more »Saudi Arabia Looking To Launch New Airline With Africa Focus
April 21st, 2024
Via Zawya, a report that Saudi Arabia is looking to launch a new airline with an Africa focus: Saudi Arabia is reportedly looking to launch a new airline, which will focus on serving the African market. The airline will launch in Riyadh, with the aim of supporting tourism and investment in the kingdom and the […]
Read more »Benin: Positioning Itself As Culture Hub In West Africa
April 21st, 2024
Benin has been making moves to position itself as a culture hub in the West African subregion with a series of arts festivals. Next week the second edition of the Benin International Arts Festival will take place in its largest city, Cotonou, alongside events in Ouidah and Porto-Novo. The festival promotes African creativity around music, […]
Read more »Africa’s Oldest Oil-Rich Dictatorship Has a Succession Problem
April 21st, 2024
The long-term stability of Equatorial Guinea is at risk as its oil production drops and Vice President Teodorin Obiang, heir apparent to the presidency, continues to show “erratic behavior” and make “arbitrary decisions.” Bloomberg reports on the case of two South African oil workers jailed in the central African country for drug smuggling as the […]
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.