Last year’s discovery off the shores of Namibia of an estimated 11 billion barrels of crude holds the promise of untold riches for this nation of 2.7 million people, but capitalizing on the bounty while avoiding the ills that afflict resource-rich countries in Africa — a phenomenon known as ‘resource curse’ — may prove challenging. […]
South Korea is aiming to conclude a comprehensive economic partnership agreement with Morocco by mid-2027, its trade minister said, citing the need to improve competitiveness for Korean firms operating in the North African market. Current tariff structures put Korean companies at a disadvantage, limiting their ability to use Morocco as a manufacturing base for exports […]
The Mozambican power company, EDM, has recorded an annual loss of $100 million, due to illegal connections to the national power grid. According to Mozambican newspaper O Pais, which quoted the company’s new chairman, Ale Sicola, “smart” electricity meters will be introduced on the market to minimize the problem. The company chairman also said that […]
