ABUJA, Nigeria (AP) — As news emerged this week about hundreds of Burkina Faso citizens killed separately by both jihadi groups and government forces, images of Burkina Faso’s junta leader Capt. Ibrahim Traore were plastered over Russian state media speaking about pan-Africanism and liberating the minds of the continent’s youths. Traore, who was in Moscow for the 80th anniversary of the …
Strategic infrastructure initiatives, international alliances, and regulatory reforms are helping to establish the country as a vital energy center in southern Africa. Partnerships with other oil-producing African countries As recently reported, Mozambique’s state-owned company, Petromoc, following in the footsteps of Aliko Dangote, has decided to establish an oil refinery. This would make it the country’s …
Read more “Another African country is making an aggressive push to become a major oil player”
A new memorandum has firmed up China and Russia’s intent to lead the construction of a new lunar base to be completed by 2036, as NASA talks about scaling back its own lunar ambitions. Russia has signed a deal with China to build a nuclear power plant on the moon. The Russian reactor will be used to …
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Power utility Eskom has announced that Stage 2 will be implemented on Tuesday evening, running through to Thursday. Load shedding will start at 16h00 on Tuesday, 13 May, and be in effect over the peak periods until 22h00 on Thursday, 15 May 2025. Eskom confirmed that this will be over the peak periods only: The …
Efficient Group chief economist Dawie Roodt stated that a purchasing power parity (PPP) valuation indicates a rand value of R9.00 to the US Dollar. However, due to the risk premium associated with South Africa, the rand trades at much higher levels, with a fair value of R17.00 per US Dollar. The risk premium and rand …
Renowned economist Dawie Roodt stated that the new Expropriation Act, with a provision for no compensation, grants South African politicians the right to steal people’s property. Roodt made these comments during a discussion about land reform in South Africa on the Praag podcast. In January, President Cyril Ramaphosa signed the controversial Expropriation Bill into law, …
Read more “The Government wants to steal land in South Africa through New Law”
A charismatic 37-year-old, Burkina Faso’s military ruler Capt Ibrahim Traoré has skilfully built the persona of a pan-Africanist leader determined to free his nation from what he regards as the clutches of Western imperialism and neo-colonialism. His message has resonated across Africa and beyond, with his admirers seeing him as following in the footsteps of …
The nation of Saudi Arabia is reportedly forgoing formal membership in the intercontinental economic alliance BRICS as a means of avoiding antagonizing the US. According to a new report by Reuters, two anonymous sources familiar with the matter say that Saudi Arabia – which was invited to BRICS in 2023 – is holding off on formally joining …
Read more “Saudi Arabia Eschews Formal BRICS Membership To Avoid Antagonizing US”