Riches

In an environment where global power dynamics are constantly shifting, the negotiations between Orion Resource Partners and Virtus Minerals highlight a significant effort by the United States to challenge China's dominance in the critical minerals sector, particularly in Africa. Under the leadership of President Donald Trump, this initiative underscores a broader strategy aimed at enhancing U.S. influence and securing vital resources. Let’s explore this unfolding narrative. The U.S.-owned companies in question, Orion and…

Equity Group Holdings Expands Horizons with UAE Office In an exciting development within the financial landscape, Equity Group Holdings Plc—a pioneering force and Kenya’s largest lender—has made a significant announcement. The bank is gearing up to establish its very own office in the United Arab Emirates, slated to open in the fourth quarter of this year. This strategic move aligns with a broader vision to harness the increasing trade and investment flows between the Middle East and Africa. "As we stand on…

Mogadishu (AX) — The Turkish research vessel, Oruc Reis, is embarking on a groundbreaking voyage to explore oil off Somalia's coast. This mission heralds a significant step forward in Somalia's quest for economic revolution. This expedition follows deals inked earlier this year, handing Turkish Petroleum the keys to explore three vast offshore blocks. Stretching across roughly 5,000 square kilometers each, this endeavor ranks as one of the most massive energy explorations in the area.The Oruc Reis is poised to reach Somali…