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 Eurasianet, an article on how Kyrgyzstan’s main hydropower reservoir is being depleted rather than filled for the winter ahead: Kyrgyzstan’s state power supplier has warned of possible energy shortages as consumers set a new daily record for power consumption in summer. Central Asia is being gripped by the same heatwave blanketing much of the northern […]
Read more »Via Tech Crunch, a report on Sudanese fintech company Bloom, which recently raised US$6.5M backed by Y Combinator, GFC, and Visa: Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year. […]
Read more »Via The Asia Times, an article on how the Power of Siberia 2 pipeline will divert Europe-bound gas to China: The construction of a second gas pipeline linking Russia and China is expected to commence within two years, a megaproject that will put Mongolia in the middle as the pipe is designed to pass through its […]
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