I
n my last article I covered different prospects/facets that signaled towards the extension of an oil deal. Of late there are developments that not only serve as a testimony to the possibility of an extension but also its probable segue into the year 2018 (until March).

Published in Market Insights

T
ackling Africa’s massive social challenges is impossible without harnessing and coordinating the power of its two largest economies, South Africa and Nigeria, said Kuseni Douglas Dlamini, Chairman of Massmart Holdings, South Africa, at the World Economic Forum on Africa, which opened today in Durban.

Published in Africa

A
mong the fulcrum points of contemporary international affairs, the relationship between China and the more than fifty countries that make up Africa is among the most closely watched. Critics and defenders alike cannot say enough about Beijing’s ties with the mysterious continent.

Published in Africa

T
he stage is set. The world waits. There are murmurs and whispers. There are speculations and surmises. On 30th November OPEC and Non OPEC countries engage in a rendezvous in an effort to secure a deal. The whole world looks up to it. But a thwart seems to hang over.

Published in Energy

A
ll seemed hunky-dory. The air was suffused with a sanguine current cascading through the markets and rallying up the prices touching a year-high of $53.73. Saudi Arabia aims to cut 2%-4% of total production and Russia also says that it will drain some 700,000 bpd. But the whole scenario was tinged with a shadow of askance.

Published in Energy

Earlier this month, over 40 African Union (AU) nations signed a binding agreement to curb piracy and other maritime crime on the continent’s coastlines. The meeting in Lomé, Tongo, drew 18 heads of state – considerably more than most African Union meetings – a fact that demonstrates the importance to African leaders of curbing piracy, illegal fishing, and other crime on Africa’s economically endangered coastlines. The deal will establish a maritime security fund, and is also meant to strengthen cooperation and communication between governments.

Published in Africa

Falls in economic growth rates do not spell the end of the “Africa Rising” story, but rather provide an opportunity for countries on the continent to regroup, refocus and make themselves more resilient to external shocks, said Uhuru Kenyatta, President of Kenya, on the opening day of the 26th World Economic Forum on Africa, taking place for the first time in Kigali.

Published in Africa

Nigeria is considered the economic powerhouse in the West Africa region. As it is popular known, Nigeria is one of Africa's fastest growing economies and boosts the largest population. After the change over of the presidency in May 2015, from Goodluck Jonathan to Muhammadu Buhari, the Nigerian diplomatic mission said it was ready to take practical steps to bolster economic and strategic ties with Russia.

Published in Economy
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