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Indonesia’s recent announcement to raise its export tax on crude palm oil (CPO) from 7.5% to 10% is stirring ripples across global markets. While this change is significant for many countries worldwide, the ramifications are particularly acute for Africa, which heavily relies on palm oil imports from Southeast Asia. For many African nations, the news of this new levy, set to take effect on May 17, 2025, poses a troubling scenario: heightened import costs. It’s a reality that can significantly affect local economies and…

In a thought-provoking interview, Mr. Nkaw shed light on the often-overlooked consequences of gas flaring—a practice that remains alarmingly prevalent in our energy sector. He meticulously detailed how the unresolved issue of excess gas processing leads to not just financial waste, but also significant environmental and health repercussions. Flaring, a method of burning off excess natural gas, contributes to a myriad of challenges that extend beyond the immediate economic implications. “We have data that shows…

In an intriguing development in the realm of international trade, the Pakistan Business Forum (PBF) has cast a spotlight on a significant economic challenge unfolding between India and Pakistan. According to PBF officials, India is poised to face trade losses totaling an estimated $1.14 billion. The root of this financial setback lies in Pakistan’s decision to restrict the use of its territory for Indian trade activities. According to data shared by the Associated Press of Pakistan (APP), Indian trade…

In a significant ruling that reverberated through the political landscape of Ivory Coast, a court recently determined that Tidjane Thiam, the former CEO of Credit Suisse, was not eligible to run for office due to his registered French citizenship at the time of his electoral application. This decision, announced on a Tuesday, highlighted the contentious issues surrounding dual nationality and the complex legal framework governing Nigerian electoral candidacy. Thiam's legal team, in a statement provided to…

The civil defense agency in Gaza has indicated that Israeli air strikes have resulted in the loss of at least 54 lives, with expectations that this number may continue to rise. "Fifty-four people have been killed in Israeli air strikes on the Gaza Strip since dawn today... and the number is likely to rise as the bombing continues until this moment," stated Mahmud Bassal, a spokesman for the agency. In the midst of this crisis, Israeli Prime Minister Benjamin Netanyahu has reaffirmed his commitment to secure the release of…

Zimbabwe’s gold-backed currency, the ZiG, is veering toward a precipice—not due to rapid devaluation, but rather through a growing sense of irrelevance. This assertion comes from Imara Asset Management, recognized as Zimbabwe's oldest independent brokerage. The looming question is: Can a currency survive when it seems to fade into the background of economic activity? Unlike previous currency crises in the nation, which were often sparked by the destructive forces of hyperinflation, the problem with the ZiG seems to lie more…

An Australian woman recently found herself in an unimaginable situation, giving birth to a baby that was not her own. This startling event occurred due to a mistake by a fertility doctor who accidentally implanted the wrong embryo. The clinic’s owner addressed the issue in a letter of apology, attributing the unfortunate mix-up to "human error." Monash IVF, a significant player in the Australian fertility treatment landscape responsible for nearly one-quarter of all IVF procedures in the country, became aware of the error…

U.S. Diplomatic Deliberations: The Future of Its Embassy in Somalia MOGADISHU, Somalia — Amid the swirling sands of political turmoil and on the cusp of a military maelstrom, U.S. State Department officials are at a crossroads. Recent advances by Al-Shabaab, the militant insurgent group that has long haunted the Horn of Africa, have led to palpable tensions within the corridors of the State Department. Some officials are now suggesting that the American embassy in…

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UN Aircraft's Emergency Landing at Aden Adde International Airport An unexpected scene unfolded at Mogadishu's Aden Adde International Airport this past Tuesday afternoon when a United Nations-registered aircraft was compelled to make an emergency landing. The reason? A malfunction in its front landing gear, an issue that, while nerve-wracking, was adeptly managed by quick-acting aviation professionals on the ground and in the air. The aircraft in question, a DHC-8-402Q Dash 8 operated by…