Mozambique Passes 1st Reading of Petrol Bill

TABJ – The Mozambican parliament has passed the first reading of a bill amending the country’s law on petroleum and gas, intended “to make the legal framework more predictable and transparent for investors”. The government bill seeks to convert matters that had 

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Kenyan Group Lobbies for AGOA Extension

TABJ – The Kenya Private Sector Alliance (KEPSA) is lobbying for the extension of the African Growth and Opportunities Act (AGOA), by an extra 15 years. The Act encapsulates a trade deal between the United States and the continent of Africa which 

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McDonald’s Sales Down After China Crisis

AuBJ – Fast-food chain McDonald’s saw its international sales drop 2.5% in July, presumably due in large part to the food safety scare that happened in China. The world’s fast-food chain with more than 35,000 locations around the world, saw a 3.2% drop in the 

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U.S. Commits $14 Billion to African Business

TABJ – Businesses in the United States are committing an investment of $14 billion U.S. dollars across the continent of Africa in an effort to expand relations. The primary areas of focus of the investment will include: banking, clean energy, construction 

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African Potash Begins New Congo Project

TABJ – African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, has commenced drilling its first hole at the Company’s Lac Dinga Potash Project in the Republic of Congo.  This initial hole is the first of a two hole rotary/core drilling programme 

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Impact of Nigerian Oil Must Be Greater on Citizens

TABJ – The impact of Nigeria’s oil and gas industry on everyday citizens is about to take a giant leap forward if discussions at the recently concluded Bayelsa State Investment & Economic Forum have any merit whatsoever. 

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South Sudan Looks to Revenue Diversification

TABJ – South Sudan Minister of Finance Aggrey Sabuni Tisa is urging the country to diversify its economic base so that it collects more revenues from sources other than oil as he presented the 2014-15 budget to lawmakers this week. Oil brings 

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Cameroon Increases Gov’t Worker Salaries

TABJ – Cameroon has raised the base salary for government workers and the military, entering negotiations with transport workers in an effort to stop potential social unrest. The fuel subsidies on petrol, diesel and cooking gas were reportedly cancelled last week in 

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U.S. Now World’s No.1 Oil Producer

TABJ – The United States has overtaken Saudi Arabia and Russia to become the world’s biggest producer of oil as extraction of energy from shale rock strengthens the American economy. According to Bank of America, U.S. production of crude oil and liquids 

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