discovery

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Namibia

Researcher Questions ReconAfrica’s Latest Oil Claims in Kavango 

  Canadian oil firm ReconAfrica is once again under scrutiny following fresh claims of an oil discovery in the Kavango region. Investigative researcher Rob Parker says the company is “repeating a pattern” of issuing optimistic statements without releasing the technical evidence needed to confirm a commercial find.

today9 December, 2025

Business / Economics

Morning Biznews update – 22 March 2024

With South Africa’s annual consumer price inflation increasing to 5.6% in February, exceeding economists' expectations, and rising closer to the top of the central bank's 3% to 6% target range, all hopes of an interest rate cut before the Monetary Policy Committee meeting in July have fallen. A number of economists are in fact now looking at September as the first opportunity for any easing of the country’s 8.25% repurchase rate. […]

today22 March, 2024