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magazine

Economy

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Contracts for oil production and exploration are signed by China’s CNOOC with Mozambique
24 May
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Contracts for oil production and exploration are signed by China’s CNOOC with Mozambique

The national energy business ENH and the energy ministry of Mozambique have
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As inflation worries surpass AI fever, stocks decline
24 May
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As inflation worries surpass AI fever, stocks decline

Global markets fell on Friday, heading towards a weekly loss, as data
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Ruto secures a Sh477 billion contract for a six-lane new Usahihi Expressway
23 May
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Ruto secures a Sh477 billion contract for a six-lane new Usahihi Expressway

An agreement for Sh477 billion ($3.6) billion has been concluded between the
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Sonatrach of Algeria and Exxon Mobil ink agreement for hydrocarbon development
23 May
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Sonatrach of Algeria and Exxon Mobil ink agreement for hydrocarbon development

The state-owned Algerian oil and gas business announced on Thursday that Sonatrach
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Larger investors defying EM outflows by flooding emerging markets with cash
23 May
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Larger investors defying EM outflows by flooding emerging markets with cash

According to a seasoned Bank of America economist who spoke with Reuters,
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Uganda has decided to temporarily shut down the Nalubaale and Kiira hydroelectric stations due to the presence of floating weeds
22 May
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Uganda has decided to temporarily shut down the Nalubaale and Kiira hydroelectric stations due to the presence of floating weeds

On Tuesday, Uganda temporarily closed two crucial hydropower plants in the eastern
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The state has announced that Ethiopia is on course to achieve a 7.9% economic growth in the fiscal year 2023/24
22 May
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The state has announced that Ethiopia is on course to achieve a 7.9% economic growth in the fiscal year 2023/24

The Ethiopian government has declared that the nation’s economy is on course
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Recent evidence has emerged indicating that Apple is obtaining minerals from regions in eastern Democratic Republic of Congo that are affected by armed violence
22 May
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Recent evidence has emerged indicating that Apple is obtaining minerals from regions in eastern Democratic Republic of Congo that are affected by armed violence

On Wednesday, international lawyers representing the government of the Democratic Republic of
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Haiti’s primary international airport has resumed operations after being shut down for over three months
22 May
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Haiti’s primary international airport has resumed operations after being shut down for over three months

Haiti has resumed operations at its primary international airport following a nearly
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ADNOC expands its presence in the international gas market by entering into a transaction in Mozambique, marking its fourth venture in this sector outside of its own country
22 May
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ADNOC expands its presence in the international gas market by entering into a transaction in Mozambique, marking its fourth venture in this sector outside of its own country

ADNOC has acquired a 10% share in Galp’s Area 4 concession of
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