French Major, Total is Exacerbating Intra-Regional Rivalry in East Africa at Its Peril

From BUSINESS 05 September 2017 Total’s power play in east Africa By LUKE ANTHONY PATEY Four years ago, in a villa on a bumpy, rust-colored road in South Sudan’s capital Juba, a manager of the French oil major Total SA (ADR; NYSE: TOT) rolled out a map of east Africa and shared a vision for the region’s oil future. At…

Recurring Threats to Libya’s Giant Sharara Oilfield and Impacts on OPEC Production-Cuts

  Libya’s giant Sharara oilfield closed as gunmen press demands Reuters  OCTOBER 2, 2017 TRIPOLI (Reuters) – An armed group forced Libya’s giant Sharara oilfield to close late on Sunday, shutting off production of more than 230,000 barrels per day (bpd), the head of the state oil company said. Libya’s National Oil Corporation (NOC) declared…

The Global Competitiveness Report 2017–2018

    The Global Competitiveness Report 2017–2018 2ND OCTOBER 2017 Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according…

Improvements in the Fortunes of South Africa’s Mining Industry Mask Huge Challenges — PwC

Improvements in the Fortunes of South Africa’s Mining Industry Mask Huge Challenges — PwC Cecilia Jamasmie A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black, a report shows.…

Why Is South Sudan, ‘Home of the Nile’, in the Worst Water Crisis Ever?

Why Is South Sudan, ‘Home of the Nile’, in the Worst Water Crisis Ever? Stefanie Glinski SEPTEMBER 30, 2017 JUBA (Thomson Reuters Foundation) – When Jimmy’s parents finally pulled their son out of the churning river, his body was already lifeless and limp, heavy in the arms of his father.     But the eight-year-old’s death…

Oil Set for Biggest Third Quarter Rise Since 2004, Iraq Hints at OPEC Extension

The yo-yo in the global price for oil continues, but does your company have an adequate response strategy? Please read on:   Oil set for biggest third quarter rise since 2004, Iraq hints at OPEC extension By Amanda Cooper ReutersSeptember 20, 2017 A member from the Oil Police Force is seen at Nahran Umran field…

40 Million in Modern Slavery and 152 Million in Child Labor Around the World

    40 million in modern slavery and 152 million in child labour around the world In-Depth Coverage New data reveal that the UN’s Sustainable Development Goals, particularly Goal Target 8.7, will not be achieved unless efforts to fight modern slavery and child labour are dramatically increased. 19 September 2017 NEW YORK (ILO News) –…

Africapitalism, the Rise of the African Corporation and the Changing Face of Philanthropy in Africa

Africapitalism, the Rise of the African Corporation and the Changing Face of Philanthropy in Africa Okey Iheduru, PhD, Professor of Political Science, School of Politics and Global Studies, Arizona State University, USA                                       *   *   *…