The “After Exxon” Begins New Oil and Gas Chapter for Equatorial Guinea (By Antonio Oburu Ondo)

By Antonio Oburu Ondo, Minister of Hydrocarbons and Mineral Development, Equatorial Guinea ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, to leave when its licenses expired. The departure of the American giant marks the close of a significant chapter in our Country’s petroleum history — one which brought us into OPEC membership. It also opens a promising new chapter. ExxonMobil’s Achievements […]

September 30, 2024 7

Africa

Rwanda reports six deaths from Marburg virus outbreak

Six people have died from a Marburg virus outbreak in Rwanda, primarily affecting healthcare workers in an intensive care unit. According to the BBC, Health Minister Sabin Nsanzimana reported that twenty cases have been identified since the outbreak was confirmed on Friday. Marburg, which can have a fatality rate of up to 88%, is related to Ebola and is transmitted to humans from fruit bats, spreading through contact with the […]

September 30, 2024 26

World

Millions displaced in Lebanon

Lebanon says a million people may be displaced as Israel continues air strikes. Israel says it has also attacked military targets of the Iran-backed Houthi movement in Yemen. Chris Watts works with the charity Future Academy in refugee camps in Lebanon. Militant group Hamas meanwhile says its leader in Lebanon, Fatah Sharif, was killed alongside his wife and two children in an Israeli strike in the south of […]

September 30, 2024 26

Uncategorized

uMkhonto weSizwe condemns Israel’s ground invasion in Lebanon

The uMkhonto weSizwe Party has condemned any form of Israeli ground invasion in Lebanon. More than 50 people were killed in yesterday's strikes, two days after Israel assassinated Hezbollah leader Hassan Nasrallah in Beirut. MK Party’s, Wesley Douglas, says Israel’s act of aggression is a dangerous escalation that risks plunging the world into widespread conflict.

September 30, 2024 5

Business / Economics

Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts. Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving […]

September 30, 2024 17

Environment

Namibia faces cold weather

With the southern and central regions of Namibia experiencing colder weather in recent days, along with snowfall in KwaZulu-Natal, South Africa, we spoke to Odilo Kgobetsi from the meteorological office to find out if these weather patterns are normal and whether they are expected to persist. Kgobetsi urged people to stay informed about weather updates and take necessary precautions to protect their safety and the health of their […]

September 30, 2024 39

World

Russia targets Kyiv in drone attack

Russia launched multiple waves of drones targeting Ukraine's capital on Monday morning. Air raid alerts lasted for over five hours as air defense units worked to intercept attacks. Reuters further reports that all the drones that Russia launched at Kyiv were either destroyed by defence systems or neutralised by electronic warfare, Serhiy Popko, the head of Kyiv's military administration said on the Telegram messaging app.

September 30, 2024 7

Africa

African Business ranks 2024’s largest banks

African Business Magazine has ranked the continent’s largest banks for 2024, with Standard Bank leading as the largest bank in Africa. The bank reported a net profit of $2.7 billion, an 18% increase from the previous year. Other top banks include First Bank of Nigeria, Equity Bank from Kenya, and the National Bank of Egypt. Meanwhile, FirstRand's net profits decreased to $1.4 billion, down 13%. According to the ranking, Mauritius […]

September 30, 2024 49

APO International

Haiti becomes 12th Caribbean Community (CARICOM) member state to accede to the Afreximbank Partnership Agreement

Haiti has become the 12th Caribbean Community (CARICOM) member state to accede the partnership agreement between and among CARICOM countries and African Export-Import Bank (Afreximbank) (www.Afreximbank.com). During a ceremony on September 25 at the Haitian Investment Forum, held on the sidelines of the 79th United Nations General Assembly (UNGA) in New York, the Prime Minister of the Republic of Haiti, the Honourable Dr. Garry Conille, and the President and Chairman […]

September 30, 2024 20