set

Gold Fields Expands Its Footprint: A Bold Move to Acquire Gold Road Resources In a significant development within the mining sector, South Africa's Gold Fields, through its subsidiary Gruyere Holdings, has unveiled plans to acquire Gold Road Resources in a deal valued at a staggering A$3.7 billion (approximately US$2.39 billion). The announcement, which emerged on a bustling Monday morning, is more than just a mere transaction; it represents a strategic pivot in the intricate landscape of the gold mining industry,…

Somalia and Türkiye's Hydrocarbon Partnership: A New Beginning In a remarkable moment for Somalia's natural resources landscape, the Minister of Petroleum and Mineral Resources, Dahir Shire Mohamed, has expressed deep enthusiasm about the country's budding partnership with Türkiye. This collaboration, heralded as a “timely boost,” aims to unlock Somalia’s significant yet largely untapped natural resources. During the İstanbul Natural Resources Summit: INRES 2025—an esteemed gathering that convened policymakers, industry…

Exploring E-Commerce Niches on the Rise in 2025 As we step into a new era of technology and consumer behavior, the landscape of e-commerce continues to evolve. With a projected market size exceeding $6.56 trillion, 2025 promises to be an exciting year for online businesses. What’s Fueling E-commerce Growth in 2025? The rapid expansion of online shopping can be attributed to several factors. Firstly, the sheer convenience of shopping from the comfort of one's home cannot be understated. With just a few clicks, customers…

The world has been watching as vital health funds have faced interruptions, particularly in Africa, due to the turbulent political landscape in the United States following Donald Trump's election. This decision has put essential services at risk, leaving many vulnerable populations in dire straits. The chaos within the U.S. Agency for International Development (USAID) has been a focal point of growing concern, and the stakes couldn't be higher. A recent report sheds light on the ramifications…

On a notable day in South African finance, Minister Enoch Godongwana revealed that the 2025 Budget Review would be re-tabled on 21 May 2025. This decision came in the wake of National Treasury’s choice to retract a proposed 0.5% increase in Value Added Tax (VAT), initially scheduled to kick in on 1 May. Reflecting on the public and political discourse that erupted following the initial budget announcement made on 12 March, Godongwana stated, “This debate was rigorous, as is necessary in a healthy democracy.” Such…

The impact of a high GDP growth rate on any economy is profound and far-reaching. It’s not just about numbers; it's about the real lives transformed by this growth. So, what does it truly mean for a nation and its citizens when the GDP begins to rise? For starters, a positive GDP growth usually signals a surge in job opportunities. Picture this: businesses are buzzing with activity, and the demand for their products and services swells spectacularly. To keep up, they begin hiring. This leads to increased…

Just one week ago, Pope Francis graced St. Peter's Square, leading many to believe his health was stabilizing, if not improving. However, within hours, the world learned that his heartfelt welcoming of pilgrims this Easter Sunday during a Jubilee Year would mark one of his final public appearances. In the days that followed, Rome bid farewell to its pope and bishop through a lying-in-state and a funeral that, while more intimate than previous papal farewells, nonetheless became a significant international event. As…

In recent months, the Democratic Republic of the Congo (DRC) has been grappling with an alarming increase in violence, a situation that escalated dramatically in January after a significant offensive by the M23 rebels, who are thought to be backed by Rwanda. This offensive resulted in the capture of two of the largest cities in eastern Congo, creating a wave of instability that rippled throughout the region. Each incident of conflict not only deepens local tensions but also has profound implications for millions of Congolese…

On Thursday, Chevron made headlines with its announcement indicating plans to potentially drill an exploration well in the Walvis Basin off the Namibian coast. This initiative could see operations commencing as early as 2026 or 2027. It’s a move that encapsulates the evolving dynamics of global energy exploration and the intriguing potential that Namibia holds. The announcement fits into a broader narrative. Chevron, a giant in the oil and gas sector, is keen on advancing its prospect portfolio in Namibia—an area that has…

Turkey to Secure Up to 90% of Somalia’s Oil and Gas Revenue, Document Reveals MOGADISHU, Somalia — In a scenario raising both eyebrows and questions, Turkey is set to receive a striking 90% of the revenues from Somalia's offshore oil and gas endeavors, as revealed in a document published by the Nordic Monitor on Tuesday. This agreement, signed on July 19, 2024, between the Turkish Petroleum Corporation and the Somali Petroleum Authority, has…