Business Emerging Markets Features Headlines

NORTH AFRICA PIVOTS TO BLACK SEA WHEAT AS RUSSIA DOMINATES REGIONAL SUPPLY

North Africa’s wheat import landscape has undergone a dramatic transformation, with Black Sea suppliers now controlling 75 percent of the market as European Union share plummets to 25 percent, according to the U.S. Department of Agriculture’s latest analysis. The region, comprising Egypt, Libya, Tunisia, Algeria, and Morocco, represents 15 percent of global wheat imports. During […]

Europe Headlines International

Africa’s food security: Nigeria, Egypt impacted by rising agri-commodities, fertilizer prices

The Russian invasion of Ukraine and Moscow’s withdrawal in July from the Black Sea Grain Initiative has driven up global food and commodity prices, severely affecting farming sectors in countries all across Africa. Russia’s withdrawal from a deal brokered by the United Nations and Turkey that allowed the safe passage of Ukrainian grain through the […]

Africa Blogs Community Headlines International

Russia-Africa summit: Putin seeks to extend influence, but many African leaders stay away

Only 16 African heads of state have arrived in St. Petersburg to attend the second Russia-Africa Summit — fewer than half of the 43 who came to the first summit in 2019 — a striking disappointment for the Kremlin despite its recent flurry of diplomatic efforts in the continent. Russian President Vladimir Putin is meeting […]

Africa Blogs Community Features Headlines International

Russia-Africa summit: by halting grain deal, Putin risks alienating its African partners

When African leaders meet with Russian President Vladimir Putin in St. Petersburg in late July for a summit, their discussions will likely be overshadowed by Russia’s pull-out of the Black Sea Grain Initiative that could badly damage Moscow’s relations with its African partners. Billed as strengthening cooperation in peace, security, and development, the Russia-Africa Summit […]

Africa International

UN-chartered food aid cargo ship readies to sail from Ukraine to Ethiopia

The United Nations-chartered ship Brave Commander will shortly set sail from Ukraine bound for Africa after it finishes loading more than 23,000 metric tonnes of wheat in the Ukrainian port of Pivdennyi, a UN official said. The ship, which arrived in the port near Odessa, will sail to Ethiopia via a grain corridor through the […]

Americas Europe Headlines International Morocco

Morocco to take part at Sea Breeze 2021 naval exercises in Black Sea

The Moroccan navy will participate for the first time in the Sea Breeze 2021 naval exercise to be co-hosted by the US and Ukraine in the Black Sea from June 28 to July 10. The confirmation was relayed by the US Naval Forces Europe-Africa/U.S. Sixth Fleet Public Affairs in a statement after the end of […]

Business Energy Features

Japan to build Turkey’s 2nd nuclear power plant

Japan will build Turkey’s second nuclear power plant to be located in the Sinop province, northern Turkey, on the Black Sea. The contract worth $22 billion was signed last week in Ankara by the two countries’ Prime Ministers Recep Tayyip Erdogan and Shinzo Abe. The plant to have four reactors with a combined capacity of […]

Business Energy Features

Turkey: Assessing the Black Sea’s hydrocarbon potential

During a news conference at the Turkish capital, the Chief Executive of Shell announced that oil exploration and production possibilities are being analyzed in the Black Sea by the TPAO, a state owned Turkish oil firm, and Royal Dutch Shell (RDSa.L). TPAO and Shell signed an agreement last year concerning the exploration and production of […]