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BusinessEconomyWorld

Key Asian bloc looking to dump dollar and euro – media-RT News

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The ASEAN economic union reportedly wants to protect transactions from “possible geopolitical repercussions” Exclusive News The Association of Southeast Asian Nations (ASEAN) is set to discuss dropping the US dollar, euro, yen and pound sterling from transactions and moving to settlements in local currencies, according to the news magazine Tempo. An official meeting of ASEAN…
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AfricaBusinessEconomy

Nigeria boosts oil exploration-RT News

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The West African country is seeking to raise crude reserves to 50 billion barrels, a state oil firm has said Exclusive News The Nigerian National Petroleum Corporation (NNPC) is expanding crude exploration in the country’s onshore frontier basins, local media reported on Tuesday citing the company’s CEO, Mallam Mele Kyari. According to Kyari, the expansion of exploration efforts…
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AfricaBusiness

Africa’s top diamond producer threatens to cut out De Beers – Bloomberg-RT News

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Botswana’s deal with HB Antwerp could reportedly end its longtime partnership with the South African firm Exclusive News Botswana will take a 24% stake in Belgian gem trader HB Antwerp, the country’s President Mokgweetsi Masisi stated on Monday, according to Bloomberg. The move could reportedly challenge the country’s decades-old agreement with South African diamond giant De…
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BusinessEconomyWorld

World Bank predicts ‘lost decade’-RT News

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Overlapping crises could lead to a sharp slowdown, the institution warns Exclusive News Average potential global economic growthcould slump to a three-decade low of 2.2% per year through 2030, the World Bank warned on Monday, citing the fallout from the Covid-19 pandemic, the conflict in Ukraine, and the ongoing risks to the financial sector in the US and EU. According to the…
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AfricaBusinessEconomy

Russia and Congo to ink energy deal – envoy-Rt News

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The two countries are reportedly looking to build a pipeline to supply the African nation with Russian oil. Exclusive News Russia and the Republic of Congo are planning to sign an intergovernmental agreement on the construction of a pipeline for transporting petroleum products to Brazzaville, according to Russian Ambassador Georgy Chepik. “It is assumed that this agreement will be…
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AfricaBusinessEconomy

Zimbabwe poised to ditch dollar in trade with Russia – official-Rt News

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Settlements between the countries could be arranged in local currencies or gold, a senior lawmaker has suggested Exclusive News The central banks of Russia and Zimbabwe should establish settlements in local currencies and look at opportunities for securing trade in gold reserves, the speaker of the Zimbabwean ruling party ZANU-PF, Christopher Mutsvangwa, told RIA Novosti on…
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AfricaBusinessEconomyWorld

US to discourage African nations from doing business with Russia – official-RT News

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The deputy treasury secretary will attempt to pressure several states to toe the line on Ukraine Exclusive News US Deputy Treasury Secretary Wally Adeyemo is planning a trip to Africa, where he will press officials in Ghana, Nigeria, and another unnamed country to cut their business ties with Russia, he said on Wednesday. Speaking to ‘Pod Save the World’ host Ben Rhodes, Adeyemo…
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