We are now at a crossroads in Libya where a military solution is temporarily off the table, as factions and their external allies wrangle over oil revenues--the distribution of which will now decide when the pumps are turned back on and force majeure lifted.
For the first time in seven...
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging” cash, African energy experts warned this week.
The crisis - which comes as more investors shun carbon-heavy businesses - is a taste of what may happen if Africa’s rich oil...
Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in the United States and other countries.
Brent crude LCOc1 was up 73 cents, or 1.7%, to $43.53 per barrel by...
Restrictions of visa issuance are de facto preventing a lot of projects to move forward and to successfully contribute to the recovery of the continent
The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts....
In Africa, the twin challenges of the coronavirus pandemic and subsequent drop in oil prices are affecting countries in different ways: net energy exporters are braced for headwinds, but net importers have some relief from current account pressures.
Globally, lockdown and social distancing measures resulted in a sharp drop in demand for oil,...
Relatively few confirmed COVID-19 cases have been reported in Africa. Less air travel might be a factor after most countries closed their borders. But more are starting to resume passenger flights.;
As COVID-19 cases surged in many parts of the world, the island nation of the Seychelles was looking good:...
Will COVID-19 finally trigger a long-overdue technological disruption of higher education? Throughout the world, sudden mid-semester lockdowns aimed at combating the pandemic forced universities to switch to distance learning almost overnight. But while this rapid transition has been tough for faculty and students alike, some good might yet come...
Bank of Africa in partnership with CFAO Ghana Limited in June this year launched a Vehicle Financing Facility. The idea of the Vehicle Finance partnership is to bring convenience to both corporate and individual customers of both the Bank and CFAO who would want to purchase brand-new cars from...
“All across the world we are noticing growth…. Technology growth is the driving principles that are developing renewable energy resources. But Ghana seems to be missing in the puzzle. Renewable energy is a fright to policy makers” – Nana Amoasi VII, IES Executive Director.
Across the world, access to...
Central banks are starting to experiment with negative interest rates to stimulate their countries’ economies
Money has been around for a long time. And we have always paid for using someone else’s money or savings. The charge for doing this is known by many different words, from prayog in ancient...