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In a decisive moment for Gabon’s economic future, President Brice Oligui Nguema has put forth an ambitious initiative aimed at industrializing the nation’s economy. This initiative isn’t just a flash in the pan; it is a calculated effort to harness Gabon's vast natural resources, transforming them into high-value goods that can benefit the entire population. As he articulated during his announcement, Oligui envisions a Gabon that thrives on its own merits, moving beyond mere extraction and embarking on a journey of true…

On Saturday, Femi Soneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), made a significant announcement regarding the Port Harcourt Refining Company (PHRC). The forthcoming closure of the refinery is described as a temporary measure, aimed at enhancing operational efficiency and ensuring the refinery's long-term viability. Reflecting on the situation, Soneye stated, “The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to inform the general…

The Future of Nigeria's Sugar Industry: A Promising Partnership The recent agreement between the National Sugar Development Council (NSDC) and the Chinese conglomerate SINOMACH marks a turning point for Nigeria’s sugar industry. This partnership not only aims to bolster the domestic sugar sector but also deepens China’s strategic foothold in Africa. The implications are substantial and multifaceted, carrying the potential to transform the agricultural landscape of Nigeria. In a recent interview with the News Agency of…

Ghana Bauxite Company Set to Transform Local Industry with New Refinery Embarking on a significant journey towards industrialization, Ghana Bauxite Company is taking bold strides to maximize the potential of its raw materials. In the heart of this transformation lies a towering ambition: the establishment of a cutting-edge bauxite refinery right here in Ghana. Such a move isn't merely business as usual—it's a testament to the country’s drive to ascend on the industrial ladder, enhancing…

Mogadishu, Somalia (AX) — In the heart of a continent that echoes tales of resilience and fortitude, stands Jacinta Kaahwa, a Ugandan finance officer enmeshed in a legal battle that could redefine labor rights within conflict zones. She seeks $15 million in damages from a British firm, SafeLane Global, alleging wrongful dismissal, racial discrimination, and abandonment in a chaotic battleground after surviving a harrowing terrorist attack. The narrative traces back to Mogadishu, where Kaahwa spent six arduous years…

This Week's Dispatch Refusing to Stay Silent There are layoffs steered by the relentless pursuit of cost efficiency. But does it make one ponder—are "performance-based" layoffs merely a euphemism for standard retrenchments? Some employees at Meta might have thought so this year. When CEO Mark Zuckerberg proclaimed a wave of cuts to enhance "performance management," it stirred feelings of doubt. This…

The New Frontier: Somalia's Ambitious 200-Square-Kilometre Development Project The winds of change are blowing across Somalia's landscape, bringing with them a project that aspires to revolutionize commerce and connectivity. Over the next few months, a comprehensive surveying and feasibility study will mark the beginning of a 200-square-kilometre endeavor designed to enhance the country's trade and economic potential. Picture a gateway not merely for Somalia, but for its landlocked and coastal…

In a significant move, Resolute Mining, an Australian-based company, has agreed to pay a hefty sum of $160 million to the Malian government in a bid to settle an ongoing tax dispute. This decision comes on the heels of a troubling incident where Mali's authorities detained the company’s CEO, Terence Holohan, along with two other staff members during their trip to Bamako for what was supposed to be routine negotiations with the current regime. As tensions rise, the spotlight on foreign mining operations in Mali grows ever…

Tragedy struck at the heart of Turkey as five individuals lost their lives, and 22 more suffered injuries during a shocking assault on the Turkish Aerospace Industries’ headquarters, reports the government. Eyewitnesses recounted hearing rapid gunfire followed by a deafening explosion in the vicinity of Ankara. At a BRICS conference in Kazan, Russia, Turkish President Recep Erdoğan, standing alongside his counterpart Vladimir Putin, denounced the event as a "vile act of terrorism." Turkish Interior Minister Ali Yerlikaya…

Picture this: a computer screen flashing a cyberattack warning. A group of cyber bandits swiped a whopping $350,000 from a Somali solar energy company by rerouting their funds. Mogadishu (AX) — In a daring cyber-heist revealing alarming flaws, hackers drained over $350,000 slated for a Somali solar venture. The hit spotlighted gaps in security at India-based International Solar Alliance (ISA). The intended recipients, Hayle Barise Energy Solutions, are paving the way for solar development in Somalia. Instead, the cash…