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Vale to pay US$2.5 billion to settle liabilities in Mozambique mine corridor
RIO DE JANEIRO, BRAZIL - (REUTERS) Brazilian Miner Vale SA will settle in advance liabilities of around US$2.5 billion related to the project finance...
Brazil’s Vale to Divest Troubled Coal Assets in Mozambique
RIO DE JANEIRO, BRAZIL - Brazil’s Vale said on Thursday, January 21st, it is buying out minority stake partner, Japan’s Mitsui & Co, in...
Mozambique Deports One of Brazil’s Most Wanted Drug Traffickers
RIO DE JANEIRO, BRAZIL - The Mozambican Ministry of the Interior decided to deport Gilberto Aparecido dos Santos, known as "Fuminho", one of the...
Namibia’s New Oil Frontier: Galp Energia’s Groundbreaking Discovery
Amidst the vast, unyielding expanse of the Atlantic off the coast of Namibia, a narrative of opportunity and economic transformation unfolds.
Galp Energia, a Portuguese...
China Advances in Africa’s Green Energy Sector Over the U.S.
China is solidifying its foothold in Africa's green energy sector, outpacing the United States by leveraging its vast manufacturing capabilities and government subsidies.
This competitive...
Beyond the Average: Cape Verde’s Growth in the Sub-Saharan Context
In 2023, Cape Verde's economy expanded by 5.1%. Despite impressive growth below the 5.7% target, Cape Verde saw a remarkable 17.4% surge in 2022...
Ukraine’s Grain Diplomacy in Africa
Amidst ongoing conflicts, Ukraine intensifies efforts to forge stronger connections with African nations, enhancing its diplomatic and humanitarian outreach.
Plans include increasing its embassies across...
Brazil’s Births Hit 45-Year Low in 2022
In 2022, Brazil recorded only 2.54 million births, marking a 3.5% decrease from 2021 and the lowest figure in 45 years.
The fall was 11.4%...
Brazil’s February Fire Crisis Quadruples
Brazil faced a dramatic increase in wildfires in February, with the area of burned land skyrocketing by 410% to 950,300 hectares from the previous...
Neuquén Sets Oil Production Record, Boosting Argentina’s Global Stance
In February, Neuquén, an Argentine province, hit a daily oil production record, officials announced, spotlighting the Vaca Muerta formation's role.
Oil output soared to 381,570...
Election Highlights Energy Woes in South Africa
Gearing up for their most significant election since the end of apartheid on May 29, South Africans focus on the country's pressing energy challenges.
For...
TAP Air Portugal Shines as Leading Airline to Africa and South America
TAP Air Portugal has established itself as a frontrunner in connecting Europe with Africa and South America, securing prestigious accolades for its service.
The airline's...
Economic Balancing Act: Rate Hikes Across Africa
Central banks across Africa, including Kenya and Nigeria, have raised interest rates to fight inflation and stabilize their economies.
Nigeria's rate hit 18%, aiming to...
Natural Gas Prices Hit Lowest Since 1990
Natural gas futures have sunk to their lowest inflation-adjusted prices since they began trading on the New York Stock Exchange in 1990.
This drop is...