Crude oil prices fell four percent on Friday, along with other financial markets, on fears among investors that the covid-19 omicron variant could slow economic growth and restrict the movement of people and goods again. Crude oil futures, Brent, extended declines for a third...
Post
Intra-African Trade Fair Reaches 90% turnover
The II Edition of the Intra-African Trade Fair reached a turnover of about 36 billion dollars, 90% of the 40 billion dollars expected, said Kanayo Awani, AFreximbank managing director, quoted by African Markets. Kanayo who was speaking during the closing of the event revealed that the data is still provisional and...
Post
Covid-19: WHO Calls for Open Borders
In light of the decisions that have been taken by several European countries and beyond to seal off airports to countries in the southern region due to the spread of the new variant of the SARS-CoV-2 coronavirus, the World Health Organization has called for borders to remain open. The "WHO stands with African countries and asks...
Post
CFM resumes passenger transportation for long-haul trips
The Ports and Railways of Mozambique (CFM) has announced that it will resume passenger transport on long-haul journeys as early as December 10. According to a note from the company, long-haul travel had been interrupted following the development of covid-19 cases in the country. E,...
Post
Covid: the countries with "omicron" cases, flight restrictions and new measures
The whole world seems to assume the new variant of the coronavirus, Omicron, as the most disastrous among the others already identified, even though it was only detected a week ago. In fact, the World Health Organization (WHO) has classified it as a "variant of concern", and further studies are still needed to verify the real seriousness...
Post
BP-led consortium starts oil production in Angola
British Petroleum (BP) has announced the start of oil production and exploration at an offshore field called Platina, about 160km off the coast of Angola. It is expected to make 30,000 barrels of oil per day (bpd) available to the market at peak production, with access to 44 million barrels of oil reserves....
Post
Government moves forward with project to massify domestic gas to low-income families
The Ministry of Mineral Resources and Energy (MIREME) is developing a project to massify domestic gas for low-income families. This initiative foresees that by 2025 about 1.4 million small cylinders will be made available to low-income families in the provinces of Cabo Delgado, Tete, Nampula, and Zambézia....
Post
Covid: Is the Omicron variant still not that scary after all...?
Since the discovery of the new coronavirus (covid-19), - the Wuhan Health Commission in China formally informed the World Health Organization (WHO) on December 31, 2019 - health authorities have identified several mutations of the viral agent. In this regard, the WHO had listed five variants, namely Alpha (UK), Beta (South Africa...
Post
Nissan wants 50% of its cars to be electric by 2030
Japanese automaker Nissan Motor has announced a plan to make more than half of the cars it sells worldwide electric, investing some 17.61 billion euros over the next five years. The investment also aims to launch 23 new electrified models - including 15 fully electric models and eight hybrid...
Post
Omicron: Now there is no exception! Japan closes borders to all foreign visitors
Japan's government announced today that it will close its borders to all foreign visitors starting this Tuesday due to the Omicron variant of covid-19. According to Japan's Prime Minister Fumio Kishida, Japanese returning from nine southern African countries and from countries where infections with the new variant have been reported will have to...