By 2024, Ghana will have the greatest power penetration in all of Africa.

According to data from the World Bank [https://www.data.world bank.org], Ghana is the next country in Africa with the highest electricity penetration, according to the deputy minister of transportation, Hassan Tampuli.…

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Ben Boakye claims that the government has been dishonest about its faltering gold-for-oil strategy.

Ben Boakye, executive director of the Africa Centre for Energy scheme (ACEP), claims that the administration appears to have been misrepresenting its gold-for-oil scheme to the public.   He continued,…

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Egypt’s current inflation rate astounds a number of analysts.

In April, Egypt’s annual urban consumer inflation dropped to 30.6%, above analyst expectations and indicating improvement. The decrease in inflation is a result of stable exchange rates, falling global commodity…

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Ethiopia surpasses Tanzania to become the top investment location in Kenya.

  With direct investment reaching Ksh60.2 billion in 2021, Ethiopia will overtake Tanzania and Uganda as Kenya’s top foreign investment destination. In order to take advantage of Ethiopia’s expanding economy…

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Despite obstacles, African infrastructure investment is rebounding.

According to World Bank estimates, private infrastructure investments would increase by 23% in low- and middle-income countries by 2022, reaching $91.7 billion.   The distribution of investments is still uneven,…

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Nima Momeni is a suspect in the death of the founder of Cash App.

A self-described tech entrepreneur has been detained by police in connection with the deadly stabbing of Cash App founder Bob Lee in San Francisco.   Nima Momeni, a 38-year-old resident…

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Boeing warns of 737 Max delays over quality problem

After the US aircraft manufacturer announced a production problem impacting its 737 Max planes, Boeing stock fell more than 6%.   The aviation behemoth claimed that a supplier had discovered…

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The IES contends that electricity rates should be reduced.

According to the Institute for Energy Security (IES), if the Public Utilities Regulatory Commission (PURC) had not been overly cautious with the contribution of hydro power, which is the cheapest…

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1,200 jobs are at jeopardy due to Amazon warehouse closures.

Amazon, a major online retailer, has announced plans to close three warehouses in the UK, potentially jeopardizing 1,200 employment.   The business did add that during the following three years,…

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Prices for gold are expected to rise for a third week in a row.

Following fresh economic data that confirmed expectations of a less hawkish Federal Reserve, gold rose on Friday as US Treasury yields and the dollar fell, positioning the metal for a…

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Shell will make its first UK tax payment in 5 years.

After posting enormous global profits in 2017, Shell has announced that it will pay tax in the UK for the first time since that year. The energy company predicted that…

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Afghan oil extraction is agreed upon by the Taliban and a Chinese company.

To dig for oil in Afghanistan’s north, the Taliban government will negotiate a contract with a Chinese company. Since the Taliban took over control of Afghanistan in 2021, this would…

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