Growth in GDP per capita often corresponds to an increase in individual income and consumption. This implies that, on average, people in the country are better off than they were the previous year. Another layer to GDP per capita is the GDP per capita in terms of purchasing power parity which denotes the average economic…
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French energy major TotalEnergies has announced plans to begin offshore drilling in South Africa next year, contingent on receiving the required regulatory approvals. TotalEnergies plans to initiate offshore drilling in South Africa contingent on regulatory approvals. The initiative aims to boost South Africa’s domestic energy supply and attract foreign investment. Challenges like legal disputes and…
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Nigeria’s Dangote Oil Refinery has reportedly cancelled planned maintenance on its 204,000 barrels-per-day gasoline-producing unit for June. Dangote Oil Refinery canceled planned June maintenance after conducting necessary work during an unplanned shutdown. The refinery commenced production of diesel, naphtha, jet fuel, and gasoline in phases since January last year. Economists forecast the refinery’s operations may…
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South African President Cyril Ramaphosa has strongly rejected the refugee claims of a group of white Afrikaners recently being welcomed into the United States. President Cyril Ramaphosa criticized the refugee claims of white Afrikaners accepted into the US under the Trump administration. He reiterated South Africa’s commitment to inclusion and transformation while expressing concerns over…
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Egypt is set to reclaim 25 stolen rare antiques following a three-year recovery campaign involving the Manhattan District Attorney’s Office, Egypt’s consulate in New York, and US law enforcement authorities. Egypt recovered 25 rare antiques as part of a three-year campaign involving international law enforcement. These artifacts, spanning millennia, include items such as a gilt…
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A number of African nations have been identified as having the highest risk for business-related bribery, according to the latest TRACE Bribery Risk Matrix. The TRACE Bribery Risk Matrix 2025 ranks countries on bribery risk in business contexts. Several African nations face the highest bribery risks due to weak institutional frameworks. Business integrity is linked…
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