Browsing Tag

loss

Ghana Risks $500M Revenue Loss from Local Lithium Refining

Ghana's Lithium Refining Dilemma: Weighing the Economic Scales In the heart of West Africa, Ghana stands at a crossroads. A recent report from the Natural Resource Governance Institute (NRGI) presents an unsettling choice: push for domestic lithium refining or continue exporting raw lithium spodumene concentrate. Why does this decision carry such weight? At first glance, local refining might seem like the patriotic choice. However, as with many things, the devil is in the details. The report meticulously…

Coach Yusuf: Defensive Errors Lead to Somalia’s 2-0 Loss Against Botswana

In the heart of Mogadishu, whispers of hope intertwine with the calls of street vendors and laughter of children, creating a melody of resilience that is unmistakably Somali. This sense of tenacity, however, met an untimely stumble on the soccer field, as Somalia's cherished ambition to record a historic victory in the FIFA World Cup qualifiers faced a fresh challenge. On a somber Tuesday afternoon, under the African sky, the Ocean Stars bowed to Botswana in a 2-0 defeat—a match marked by stark defensive errors, according to…

Netanyahu Declares Gaza Attacks are ‘Only the Start’ Middle East Stay updated on the latest from the Middle East as Israel…

Netanyahu Indicates Ongoing Strikes in Gaza are 'Just the Beginning' In a significant escalation of violence, Israel has initiated extensive airstrikes in Gaza, resulting in the deaths of hundreds. This marked operation underscores the complex and volatile situation currently unfolding in the Middle East. As Prime Minister Benjamin Netanyahu stated, "What we are witnessing is just the beginning." This statement resonates amid the tension rising in the region, emphasizing that further military actions may lie…

Petrol Landing Costs Plummet as Nigeria Faces N2.5B Daily Loss

In the ever-evolving landscape of Nigeria's oil market, a recent revelation has captured the attention of industry insiders and consumers alike. As of now, oil marketers are grappling with a significant challenge: the steep landing cost of fuel stands at N797.66 per liter. This scenario exists despite the concerted efforts by these marketers to curb their losses by reducing fuel purchases. One can't help but wonder: How long can this continue? As the ripple effects of a fierce price war initiated by…

Africa Faces Annual $5 Billion Loss from Forex Trading

Reimagining Trade in African Economies We often hear the phrase "money makes the world go round," but have you ever paused to consider whose money does that? For the African continent, the answer often points towards foreign currencies. Unfortunately, these aren't just facilitating trade; they're silently eroding Africa's economic potential. Historically, African nations have predominantly conducted trade—both amongst…

HirShabelle Chief Grieves Over Loss of High-Ranking Military Officer in Al-Shabaab Assault

Mourning in HirShabelle: A Leader's Lament JOWHAR, Somalia - In times of turmoil, leaders stand resilient, bearing the weight of both their people’s hopes and their sorrows. Such was the demeanor of Ali Gudlawe, the esteemed president of Somalia’s HirShabelle region, as he publicly shared his deepest condolences on Saturday. The cause of his grief? The tragic death of Major Abukar Abdulle Raage Gar-Maqaate. This brave senior officer of the Somali army fell victim to a relentless Al-Shabaab attack in Boos-Hareeri on…

‘I Wish I Could Have Shielded You’: Israel Grieves the Loss of the Bibas Family

In a somber gathering, hundreds came together at a serene cemetery nestled in southern Israel to pay their respects to Shiri Bibas and her two beloved sons. The tragic circumstances of their passing, marked by their captivity in Gaza, left an indelible sorrow on the hearts of all who attended. Bright orange balloons danced gently in the breeze, a poignant tribute to the children's red hair, adorning a nearby fence close to the cemetery of kibbutz Nir Oz. This was the very place from which the Bibas family was taken by…

Tragic Conflict in Bardhere, Somalia Results in Loss of Prominent Leaders

BARDHERE, Somalia - The heart of Bardhere's ancient streets witnessed a storm of violence this Wednesday, painting the town in shades of grief and discord. In the unrested air of Somalia's Gedo region, the stagings of power played out through the decisive crack of rifles and the somber roars of artillery. Did history repeat itself, or did it chart a new course? On this day, it was not the echoes of a chieftain's call, but the clash of Jubaland forces and Somali federal troops that echoed among the dusty lanes. Among…

Argentina Stunned by Surprising 2-1 Loss against Paraguay

Soccer Football - World Cup - South American Qualifiers - Paraguay vs. Argentina - Estadio Defensores del Chaco, Asunción, Paraguay - November 14, 2024. Paraguay's Diego Gomez tangles with Argentina's Alejandro Garnacho and Nicolas Tagliafico in an intense showdown. REUTERS/Cesar Olmedo. In a match filled with drama and skillful displays, Paraguay snatched a thrilling 2-1 victory against Argentina in the South American World Cup qualifiers. This exciting encounter was highlighted by Antonio Sanabria's breathtaking bicycle…

North Western State of Somalia’s Leader Bihi Vows to Acknowledge Election Loss If Defeated

HARGEISA, Somalia - Voters turned out in droves across the self-governing region of North Western State of Somalia, with over a million residents eager to choose their leader, in what could be a nail-biting race due to its competitive nature. The ruling Kulmiye party's candidate, Muse Bihi, alongside his main opponent, Abdirahman Irro, made their way to the polls on Wednesday morning, each radiating hope that they would emerge victorious when the electoral officials announce the final tallies. Bihi, who's been at the helm…

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