Coup in Gabon slightly increases oil prices
The military coup in Gabon, a member of the Organization of the Petroleum Exporting Countries (OPEC), on Wednesday pushed oil prices slightly upwards while creating supply risks
Gabon coup hits European markets with declining bonds, shares
Gabon’s international bonds experienced their most significant decline on record, and shares of European companies that operate in Gabon faced a sharp tumble, reflecting the investors’ concerns
TotalEnergies says safety of Gabon operations is ‘main priority’
TotalEnergies: safety of Gabon employees and operations is ‘main priority’
3M to pay $6 billion in earplug settlement
3M agrees to pay $6 billion in earplug settlement
Algeria discovered 10 new gas and oil fields in the first half of 2023
An official from Algeria’s state-run oil company, Sonatrach, announced that the company discovered 10 new oil and gas in the first half of this year
Oil prices down as investors wait on Chinese economy data to be released
Oil down as investors eye data release on Chinese economy to gauge demand
Suez Canal revenues reach one million dollars per hour
For the first time in its history, the Suez Canal achieved revenues of one million dollars per hour
From idea to impact: African startups redefine entrepreneurship
Africa’s startup scene is experiencing a remarkable renaissance
Kenya says it reached content moderation agreement with TikTok
Kenya says TikTok agrees content moderation deal
UBS, US banks will pay $499 million to settle antitrust lawsuit
Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS will pay $499 million to settle an antitrust lawsuit from investors alleging they conspired to stifle competition in the stock lending market
Meta, sacked moderators have 21 days to reach settlement – Kenya court
Facebook parent company seeks settlement in lawsuit with Kenyan content moderators
Energy deals signed between South Africa, China at BRICS summit
South Africa, China sign power deals during BRICS summit
9 African countries may default on debt to China
Sudan ranked seventh in terms of the highest debt to China and the total Chinese loans to African countries reached $696 billion
Oil prices up after supply chain concerns, low output
Oil up over tight global supply concerns
Crude oil prices decline by over 3% for the week ending August 18
Oil prices down over 3% during week ending Aug. 18
Zimbabwe to retain 30% of carbon credit revenue
Zimbabwe to take 30% of carbon credit revenue
Nigerian naira surges significantly on black market
Nigeria’s naira gains sharply on black market
Saudi Arabia’s June crude oil exports reach lowest level in 21 months
Saudi Arabia oil exports hit 21-month low in June
Egypt to commence sugar trading on commodities exchange
Egypt set to launch sugar trading on commodities exchange
Google to offer digital skills training to 20,000 Nigerians
Google plans to provide digital skills training to 20,000 Nigerians
Kenya reverses course and reinstates small fuel subsidy
Kenya reinstates small fuel subsidy in government U-turn
South Africa’s unemployment rate declines to 32.6% in second quarter
South Africa’s unemployment rate dips to 32.6% in Q2
Swiss UBS agrees to $1.4B settlement for securities fraud
Swiss UBS to pay $1.4B for fraud in mortgage-backed securities
Oil prices rise due to China’s policy rate cut and weakening dollar
Oil prices up with China’s policy rate cut, weak dollar