Petrobras Eyes Nigeria, Others for Oil Exploration
Petrobras, Brazil's state oil company, aims to explore deepwater oil in Africa, prioritizing Côte d’Ivoire offering nine offshore blocks. CEO...
Companies
Petrobras to Explore Africa as Primary Development Region Outside Brazil
Petrobras is shifting its exploration focus to Africa, with CEO Magda Chambriard stating the Ivory Coast is welcoming the company...
Petrobras Aims to Make Africa Its Main Exploratory Region Outside Brazil
Petrobras is shifting its focus to Africa for exploration, supported by countries such as Ivory Coast and Nigeria. CEO Magda...
Teck Faces Outages at Chile Mill and Port
Teck Resources announced a month-long maintenance shutdown at its Carmen de Andacollo operations in Chile due to mechanical issues. This...
Brazil to Present Fresh Fiscal Package in Bid to Balance Public Accounts
Brazil's Finance Minister Fernando Haddad announced that the government will reveal a new fiscal package on Tuesday aimed at balancing...
June South Africa Rand Forecast: USD/ZAR Soars Toward R17 on Auto Sales, SARB Cuts
The South African rand is gaining strength, up 0.7% against the US dollar. This bounce is attributed to a surge...
Iran Poised to Reject U.S. Nuclear Proposal Amid Ongoing Tensions
Tehran considers rejecting a U.S. nuclear proposal due to its insistence on halting uranium enrichment. Gold prices rise slightly amid...
Ghana Chamber of Mines Urges Government to Relieve Exploration Companies from Payment of VAT
The Ghana Chamber of Mines has urged the government to eliminate VAT for exploration companies to enhance investment. President Michael...
WFP Libya Market Price Monitoring Report for April 2025
In April 2025, the WFP observed a 0.7% rise in Libya's national Full Minimum Expenditure Basket to LYD 909.44. The...
Cash-Hoarding Cripples Zimbabwe Banking Sector
Zimbabwe's banking sector faces a severe liquidity crisis as wealthy individuals hoard billions outside the formal financial system. Dr. Sibongile...
