The US economy is anticipating that the Federal Reserve will unveil its current interest rate cuts soon. The rate revelation will significantly impact the price of USD, gold, and other precious metals. Similarly, the rate-cut ratio will also determine the inflationary pressure that the US economy is bound to experience sooner or later. However, with … Read More “What Will Happen If the FED Doesn’t Cut Rates Soon?” »
Apr 1, 2024 © JT Jeeraphun / Adobe Stock UK oil and gas company Perenco has mobilized independent experts to determine the causes of the fire incident at is Becuna platform offshore Gabon, which claimed five lives with one person still missing. As of March 27, 2024, the search for the missing … Read More “Independent Experts to Investigate Platform Fire Incident Offshore Gabon” »
The search for a missing offshore worker remains ongoing following a fatal fire at a Perenco-operated oil platform in Gabon. Five workers died after a fire broke out on 20 March during a workover operation on the Becuna rig operated by Perenco Oil & Gas Gabon, with a sixth worker still missing. In a statement, … Read More “Search for Gabon offshore worker ongoing after fatal Perenco fire” »
Employees at ReelFruit’s new factory. Last month, Nigerian dried fruit snacks company ReelFruit commissioned its new 800-tonne-per-annum processing facility in Abeokuta, Ogun State. “This factory isn’t just a structure of bricks and mortar. It embodies my long-term unwavering belief in Nigeria’s agricultural and manufacturing opportunity. We are going to process our range [of] dried fruits … Read More “CEO grows dried fruit company from idea to modern factory” »
South Africa’s central bank is set to keep interest rates unchanged for a fifth time in a row and signal a delayed start to an anticipated cutting cycle, with inflation risks still skewed to the upside. Economists surveyed by Bloomberg expect Governor Lesetja Kganyago’s five-panel monetary policy committee to show its resolve in fighting price … Read More “SA set to hold key rate at 15-year high, delay cuts” »
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GB Auto Kenya Teams Up with Matatu Owners Association (MOA) for Demo Unit Distribution and Road Safety Campaign GB Auto Kenya Teams Up with Matatu Owners Association (MOA) for Demo Unit Distribution and Road Safety Campaign GB Auto, a prominent automotive player, is pleased to announce two significant partnerships with the Matatu Owners Association (MOA). … Read More “GB Auto Kenya Teams Up with Matatu Owners Association (MOA) for Demo Unit Distribution and Road Safety Campaign” »
By PAULINE KAIRU Four in every five people in Africa are carrying undetected tuberculosis (TB), facilitating its spread and presenting significant challenges for tuberculosis control efforts, scientists have said. Researchers said it was concerning that more than 80 percent of patients with TB, considered the world’s deadliest infections, are not exhibiting a persistent cough — … Read More “How undetected tuberculosis is growing across Africa” »
What was unthinkable a decade ago is now turning into reality. Financial institutions like Goldman Sachs, JP Morgan, and BlackRock were against Bitcoin and the cryptocurrency market but are now enjoying the profits that it has to offer. The U.S. Securities and Exchange Commission (SEC) approved the Bitcoin ETF early this year leading trillion-dollar asset … Read More “Goldman Sachs Confirms Institutional Clients Want To Buy Cryptocurrency” »
Treasuries slipped as a Federal Reserve official emphasized that recent US economic data might delay the number of interest-rate cuts seen this year. An Asia-Pacific equity gauge was little changed as gains among Hong Kong and mainland Chinese stocks offset losses in Japan. Shares of Hon Hai Precision Industry Co. — which makes iPhones for … Read More “Treasuries drop on Fed-speak, Chinese stocks climb: Markets wrap” »
