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Tag Archives: Africa

Africa-wide free-trade pact could lift 30 million people out of poverty

Bags of grain in crane net. Dock workers.

BLOOMBERG, JULY 27, 2020 By Prinesha Naidoo for Bloomberg – An Africa-wide free-trade pact could bolster the region’s income by $450 billion and lift 30 million people out of extreme poverty by 2035, if accompanied by significant policy reforms and trade-facilitation measures, according to a new World Bank report. While the African Continental Free-Trade Area entered into force legally last year, commerce that …

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Islamic insurgents threaten massive $23 billion LNG terminal project in Africa

Islamic insurgents. Guns. Flag

BLOOMBERG, JUNE 5, 2020 LNG projects in Mozambique face militants, coronavirus risks | French oil company Total is expected to finalize almost $16 billion of financing By Borges Nhamire and Matthew Hill for Bloomberg – Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: …

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CONGO RIVER: The deepest river in the world

PortandTerminal.com, December 2, 2019 KINSHASA, CONGO – The deepest river in the world is the Congo River in Africa. At its deepest point, it reaches a depth of 720 feet. That makes it almost five times deeper than Sydney Harbour, the deepest natural harbor in the world. Of course, neither the Congo River or Sydney Harbour measure their maximum depth throughout their entire length. On average, …

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