BP Abandons Goal To Cut Oil Output, Resets Strategy
BP has abandoned a target to cut oil and gas output by 2030 as Chief Executive Officer, Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence....
Category: International
Bankers Call Out Zimbambwe’s Stabilization Measures
Bankers Association of Zimbabwe (BAZ) has called out new exchange rate strengthening measures by the country’s central bank, which devalued the local unit of exchange. IOL reports that Reserve Bank...
Foreign Inflows in Kenya Double in 12 Months
Foreigners’ portfolio investments in Kenya more than doubled in the 12 months to June this year, reflecting an improving investor sentiment about the country. The East African reports that Portfolio...
Africa’s Energy Demand To Double By 2050
Angola Oil & Gas (AOG) 2024 Ministerial Panel says Energy demand is projected to increase two-fold by 2050. Speaking at the Angola Oil & Gas conference, the panel noted that...
US Dock Workers Suspend Ports Strike Until January
The union representing tens of thousands of dockworkers across the US has agreed to suspend its strike while negotiations continue. BBC reports that members of the International Longshoremen’s Association (ILA)...
VISA Inc Announces US$1 Billion Investment To Promote Financial Inclusion In Africa
Visa Inc. has announced a US$1 billion investment to promote financial inclusion in Africa. Speaking at the 2024 Digital Government Africa Summit in Chongwe district, Visa Senior Vice President and...
IMF Reviews Juba’s Readiness For New Financing by November 15
International Monetary Authority (IMF) is reviewing the preparedness of the South Sudanese government to benefit from a new financing plan ahead of the November 15 compliance deadline, highlighting the fund’s...
