Australia-listed oil and gas firm Invictus Energy has recently confirmed its discovery of light oil, gas condensate and helium in a remote northeastern region of Zimbabwe, which is hailed as a culmination of months of exploration. Analysis of samples from its remote sites near the border with Mozambique “definitively proves the presence of hydrocarbons in […]
Cyclone-hit Malawi will need 290 billion Malawian kwacha (more than $ 381 million) for reconstruction work, according to a post-disaster needs assessment conducted by the government. According to Everton Chimulirenji, Vice-President of the Republic of Malawi, also in charge of disaster risk management, the government is committed to improve resilience to such events, to improve […]
Africa is in the grip of a dollar drought and the current continent-wide scarcity of the US dollar is further pushing many already beleaguered African countries into deeper economic crises, according to a new Bloomberg report. Several Sub-Saharan African (SSA) countries, including Kenya, Nigeria, Ghana and Tanzania, have for several months experienced shortages of the […]
