insert_link Business / Economics 25 April-2 May 2024 Weekly Economics Wrap: Insights into Global Economic Developments As the week unfolds, significant economic events and developments have shaped various sectors, both domestically and internationally. Here's a concise overview of the key highlights from the world of economics: 1. OPEC's Potential Collaboration with Namibia: OPEC, the Organization of the Petroleum Exporting Countries, is eyeing potential collaboration with Namibia as the country gears up for its inaugural offshore oil production by 2030. Secretary General Haitham Al Ghais revealed that […] todayMay 2, 2024 5
insert_link Business / Economics About 10 billion barrels of oil discovered off Namibia’s coast An estimated 10bn barrels of oil has been discovered in Namibia, Portuguese oil company Galp Energia has said. The company told Bloomberg News that it had made the potential find after concluding its first phase of oil exploration in the Mopane field off Namibia's coast. Vast oil and gas reserves have been discovered in Namibia's Orange Basin, where Mopane is located, in recent years. Namibia is eyeing an entry into […] todayApril 22, 2024 74
insert_link Business / Economics Oil prices soar as producers unveil shock output cut Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month. However, the decision by the OPEC+ cartel fanned concerns about a fresh spike in prices that could put pressure on central banks to push interest rates higher. Both main crude contracts jumped around eight percent […] todayApril 3, 2023 2
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
