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Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.
Estonian ride-hailing app predicts that some 300,000 new drivers and couriers could join the platform in 2023.
Russia's nuclear exports were already booming well before the war in Ukraine started but now they are growing even faster. Moscow is using nuclear power as foreign policy tool to bind allies in the non-aligned world more tightly to its cause.
In December the investment community took notice of Jack Dorsey’s most recent moves in Africa when his tech conglomerate Block, Inc. co-led a $2mn investment round into Gridless, a bitcoin mining company in Africa.
The polycrisis has eased off and the US Fed signalled that it will slow rate hikes as inflation appears to be peaking. That is good news for EM markets and investors have been buying high yielding debt as default fears abate.
OPEC says Africa is on track to add 1.2mn barrels per day (bpd) of primary refining capacity in the medium term, with Nigeria’s Dangote Refinery accounting for more than half of the total.
Putin’s war is fundamentally changing the make-up of the world – for the worse. While it is tempting to say the Cold War is back, that is inaccurate: back then two ideologies, communism and capitalism, clashed. Today even Russia is capitalist.
The ECOWAS Bank for Investment and Development (EBID) board has approved the allocation of $250mn in support for five member states to boost the oil ...
Africa and Ukraine are in “the same boat”, foreign minister Dmytro Kuleba said following a whirlwind tour of the continent just ahead of a UN vote condemning Moscow’s “illegal” move to ...
Soaring inflation, rate hikes and a stronger dollar are reminiscent of the early 1980s – a decade that brought a wave of EM sovereign debt crises. This year has already seen Sri Lanka default, hit by an external liquidity crisis.
Soaring inflation, a strong dollar and a complete overhaul of global energy markets are playing hell with Emerging Market debt. The world is now teetering on the edge of a global debt crisis, warns Oxford Economics.
We are looking at a very uncomfortable winter. The West has underestimated the size of the challenge that is fighting an economic war with Russia and the pain that he can inflict on our economies.
It's not known why Twitter suspended the accounts of several Serbian embassies, though it follows a significant rise in tensions between Serbia and Kosovo.
The economic war that the West launched against Russia in the days following the invasion of Ukraine has already cost developing nations $379bn, analysts estimate.
Russian Foreign Minister Sergei Lavrov took to the road this week and toured Africa to build closer ties with non-aligned nations.
Belgrade is reviving ties forged during Yugoslavia’s time as a leader of the non-aligned movement now a new Cold War is looming.
Ghana used to be on the list of the world’s least developed countries. No more. Today the republic is one of the fastest-growing economies in West Africa. Though poor, more children have been going ...
Thousands of African students and workers found themselves trying to flee Ukraine as the country was engulfed in a brutal war. On February 25, the first reports emerged about Africans being turned away from the Polish border (Medyka-Shehuni).
Ghana’s Deputy Energy Minister Andrew Egyapa Mercer said on March 1 that Accra should not adopt decarbonisation policies that are so strict that they limit options for the development of hydrocarbons.