Africa is a rich continent with huge potential in renewable energy. UN Special Adviser for Africa, Bitsat Yohannes-Kassahun, says the focus on energy is essential to unlock the continent's future during the pandemic recovery. The recommendation is to expand Africans' access to "reliable, affordable and sustainable energy," the UN advisor for Africa argues, quoted in a UN News agency publication. The...
Gold Continues Trading in the Red
Gold is again in negative territory, at this point falling 0.18% to $1,793.38. Thus, gold is extending the weekly decline recorded in the first week of the year, pressured by reactions to the minutes of the December Fed meeting. In the first week of the year, gold recorded a drop of 1.78% for the week,...
Tourism can be an opportunity to revive economy after pandemic, argues OTM
Two years after the pandemic, economies around the world are still registering huge losses in the tourism sector. That is why the World Tourism Organization (WTO) is advocating a new strategy for the tourism sector that it says could represent an opportunity to revive the sector. The executive director of the WTO,...
Portuguese contractor gets more money for dredging at Cabinda port
The growing deterioration of the macroeconomy in Angola led the President of the Republic to order an increase of about 241 million meticals to the dredging contract at the port of Cabinda, under the responsibility of the Portuguese group Mota-Engil, even without making known the value of the contract signed previously. "The worsening of macroeconomic conditions...
World Bank defends transparency in poor countries and warns against the risk of undeclared debts
The World Bank's Director of Macroeconomics, Trade and Investment warned about the dangers of unreported debts, using the example of Mozambique, and argued that more transparency is needed, especially in low-income countries. In an article published in the Barron's economic magazine and also in the World Bank website, Marcello Estevão recalls the consequences...
The African continent has now exceeded ten million cases of covid-19
The African continent has recorded in total more than 10 million cases of coronavirus, according to data from the continent's Centers for Disease Control and Prevention (Africa CDC) of the African Union (AU). According to AFP quoted by Lusa, the data published by the African centers for disease control show that until Saturday, 10,028,508...
Covid-19: Denmark projects to return to normal life before March
Danish health experts predict that the Omicron variant will help get out of the pandemic situation, declared almost two years ago. Danish experts assure there is no doubt despite the fact that last Thursday, the 6th, almost 24,000 new cases were still recorded, with the seven-day average close to 20,000 new cases, and...
Find out what millionaires don't spend money on
Did you know that Bill Gates, Jeff Bezos and Steve Jobs, besides their huge fortunes, share similar financial habits? When we think of millionaires, it is inevitable that eccentric cars, luxurious mansions, exquisite habits, accessories bought with more than 5 figures come to mind. But this is not always the case, and almost always the rich are the first to think of...
There is a Nasdaq-listed company that will be the first to pay dividends in bitcoin
BTCS Inc, a company focused on blockchain technology - the software that underpins cryptocurrencies - listed on the Nasdaq technology index, says it will be the first to offer investors the option to receive dividends issued in bitcoin. According to Bloomberg, the company, based in Silver Spring, Maryland, said in a statement last...
US bank, Citigroup threatens to fire unvaccinated workers
Citigroup stresses that it will terminate the contracts of US workers who do not have proof of vaccination against Covid. According to Bloomberg, it is the first major Wall Street institution to strengthen its position on Covid-19 vaccination. Thus, Citigroup has let its US workers know that if they do not...