Total has announced a second significant gas condensate discovery in the Outeniqua Basin, located 175 kilometers off the southern coast of South Africa. The French oil giant’s announcement follows an adjacent discovery made in 2019, which provided huge hopes of petroleum riches for Africa’s most developed nation, South Africa produces 41,319 million cubic feet of…
A report released by the Mogadishu-based Hiraal Institute has revealed that Somali Islamic extremist group al Shabaab collects as much tax as the government through a sophisticated system that involves levies on activities ranging from importing goods to irrigating crops. The report was based on 70 interviews with businessmen, government officials, al Shabaab defectors and…
Zambia’s government has reached an agreement with the China Development Bank (CDB) to defer debt repayments that were due this month on a loan it received from the lender. According to the finance ministry, Zambia owed CDB nearly $391 million at the end of last year, which is just a tenth of the total $3…