Azule Energy has confirmed a significant offshore gas discovery off Angola’s coast, following the successful drilling of the Gajajeira-01 well, the country’s first exploration well dedicated solely to gas. The well, located in the Lower Congo Basin, reveals over one trillion cubic feet of gas reserves. This marks Angola’s first dedicated natural gas exploration success,…
Details
Four of Africa’s richest men control $57.4 billion, a fortune greater than the combined wealth of 750 million people. Africa’s billionaire count rose from zero in 2000 to 23 today, with their wealth increasing over 50% in the last five years. Four African billionaires possess $57.4 billion, surpassing the wealth of 750 million people. The…
Details
Nigeria’s first deep-sea port has resumed transshipment cargo operations after a major upgrade in facility, marking a significant step in the country’s ambition to become a major player in West African maritime logistics. Nigeria’s first deep-sea port has resumed operations after major upgrades. The port aims to attract international cargo destined for neighboring West African…
Details
South Africa’s heated political battle over foreign investment and digital sovereignty has intensified, with Julius Malema’s party, Economic Freedom Fighters (EFF), declaring that Elon Musk’s Starlink satellite service must “never be allowed” to operate in the country South Africa is facing a heated political debate over foreign investment and digital sovereignty, centered on the Starlink…
Details
A silent shift in global wealth is underway as hundreds of dollar millionaires and investors migrate to countries and climates that are more conducive to their ideas, expectations, interests, and finances. Africa is not immune to this trend. A global shift in wealth migration is occurring, as millionaires move to favorable countries for various reasons.…
Details
In a move that demonstrates Senegal’s firm stance on LGBTQ matters, the United Nations (UN) and the Dutch government have cancelled a planned event in Dakar after the Senegalese government issued a stern warning, citing opposition to the “promotion of the LGBTQI phenomenon.” UN and Dutch foreign ministry canceled an event in Senegal addressing LGBTQI…
Details
