Former South Sudan petroleum minister opposes decision to move African Energy Week to Dubai

Former South Sudan petroleum minister opposes decision to move African Energy Week to Dubai

Former South Sudan Petroleum Minister Ezekiel Lol Gatkuoth has expressed his disappointment at the decision by London-based Hyve Group to move Africa Oil Week to Dubai. “I think it will be unacceptable to move the Russian Energy Week from Moscow or ADIPEC from Abu Dhabi to Juba, South Sudan Africa...

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Google will stop treating EU antitrust remedy as a ‘promotional opportunity’

Google will stop treating EU antitrust remedy as a ‘promotional opportunity’

Google and the European Union have been fighting for several years over Android’s default search engine. Just like when the EU took issue with Microsoft bundling Internet Explorer with Windows, the EU Antitrust enforcers don’t want Google using its Android operating system monopoly to prop up Google Search and Google...

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Sea transport experiencing boom in ships that fly ‘fake’ flags, pollute environment

Sea transport experiencing boom in ships that fly ‘fake’ flags, pollute environment

Ships transport 90 per cent of the world’s traded cargo, so are crucial to the global economy. But when tankers and other large vessels are demolished, they generate huge amounts of marine pollution, particularly if it happens in countries where environmental regulations for ship-breaking yards are lax. Research now shows...

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Central African energy industry wary of bloc’s punitive foreign exchange protocols

Central African energy industry wary of bloc’s punitive foreign exchange protocols

Financial flow regulations adopted by the Central Bank of Central African States (BEAC) are likely to slow down business in the economic bloc, oil companies operating in the bank’s jurisdiction warn. Fears of imminent economic and business setbacks were expressed at a May 17 meeting between BEAC and African Energy...

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Hamburg German-African energy forum to power Africa’s economic growth

Hamburg German-African energy forum to power Africa’s economic growth

The African energy sector is in the process of solidifying its partnership with German investors and technology to provide a bridge between businesses in Europe and Africa. From upstream to downstream, Africa’s energy sector is speeding up transition to net-zero and continues to adopt new technologies to realise the goal....

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Mauritanian Bank launches Masrvi – digital bank powered by TagPay

Mauritanian Bank launches Masrvi – digital bank powered by TagPay

The Mauritanian Bank for International Trade (BMCI) has partnered with TagPay to roll out its digital bank Masrvi to provide digital, value-added financial services to its customers. Powered by TagPay, Masrvi was launched at the end of April and responds to Mauritanians’ banking needs by providing secure and accessible banking...

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Why has Kenya president obscured details of $3.8 billion railway contract with China?

Why has Kenya president obscured details of $3.8 billion railway contract with China?

As you are aware, in May 2014, the government of Kenya signed a $3.8 billion contract with China Roads and Bridges Corporation (CRBC) for the construction of the standard gauge railway from Mombasa to Nairobi and on to Naivasha. According to news reports, 85 per cent of the construction cost...

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Public development banks call for new funding for Africa’s post-Covid recovery

Public development banks call for new funding for Africa’s post-Covid recovery

A global coalition of public development banks has today (Wednesday) called for urgent mobilisation of resources for Africa’s post-Covid 19 recovery. The banks also committed to deepening cooperation to boost investment opportunities across the continent. Participants in a meeting hosted by the African Development Bank, discussed joint actions that could...

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South Africa’s largest fund administrator goes live with Temenos

South Africa’s largest fund administrator goes live with Temenos

Banking software company Temenos has today (Tuesday May 11) announced that South Africa’s largest third-party administrator, Curo Fund Services, has gone live with Temenos Multifonds Global Accounting platform, completing the first phase migration of funds from its five legacy systems to a single instance of Temenos’ award-winning funds administration platform....

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Trump-shaped hot potato that’s turning Facebook into a failed digital ‘country’

Trump-shaped hot potato that’s turning Facebook into a failed digital ‘country’

In 2020, Facebook appointed what it refers to as its “Supreme Court” – a quasi-independent council called the Facebook Oversight Board – to review controversial content moderation decisions. This week, the Oversight Board handed down its most important judgment to date: support for the company’s move to ban former US...

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