Angolan oil giant Sonangol lost $ 4 billion in pandemic last year

Cars are seen outside the headquarters of Angolan national oil company Sonangol in the capital Luanda, Angola. June 7, 2016. REUTERS / Ed Cropley / File Photo Sonangol 2020 results show loss of $ 4.1 billion Total liabilities stood at $ 26.8 billion The oil giant took out two new …

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Binance Coin: the Ethereum killer nobody talks about – 2oceansvibe news

With all the focus on Solana and Cardano, it’s fun to see that no one is talking about the world’s fourth largest cryptocurrency and a real challenger in the smart contract space, Binance. What is Binance? Binance is a cryptocurrency trading exchange founded by Changpeng Zhao, known in the crypto …

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What You Need To Know Before Applying For A Title Loan Online

Photo: pixabay.com A title loan is defined as a short term loan using the borrower’s car title as collateral. This type of personal loan is usually granted by an individual or a financial institution and can be used for any purpose, such as paying off high interest debts, medical bills, …

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Johannesburg Waterfall City Expansion

The Waterfall City expansion project has started construction of another approved area of ​​47,000 square meters. Also read: Long Street Social Housing Project in Johannesburg, South Africa Waterfall City, a development in Midrand, has its own helipad, eight schools, a private hospital, and hundreds of homes near major businesses. The …

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The IMF is increasingly picky about its financing

Sep 18, 2021 MALL AFRICANS still hold a grudge against the IMF which dates back to the 1990s when he first became known for the bitter drug he administered. Before any bailout, the fund would insist that countries agree to painful structural adjustment programs that included cutting public spending and …

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Upcoming local elections and democracy in South Africa

The last local elections in South Africa were held in 2016, five years ago. The Constitutional Court has said local elections are due to take place no later than November 1, 2021. This indicates that it is time for South African citizens to vote. KwaZulu-Natal and Gauteng conflict However, as …

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Struggling economy lets South African companies choose debt over issuance of shares

In Johannesburg, home of Africa’s largest stock exchange, 21 companies were instead delisted in 2021. Businesses in South Africa, especially smaller ones, find it easier and cheaper to take on debt to finance their growth than to issue stocks, according to an analyst. The companies raised a record $ 467 …

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IPO Mania shuns Africa, where fast-growing companies prefer to go into debt

(Bloomberg) – A global increase in initial public offerings has so far escaped sub-Saharan Africa. The companies raised a record $ 467 billion on global stock exchanges in the first eight months of this year, according to data compiled by Bloomberg. Yet in Johannesburg, home of Africa’s largest stock exchange, …

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The Case for a Fossil Fuel Non-Proliferation Treaty by Tasneem Essop and Lili Fuhr

Finding viable solutions to manage the decline of the fossil fuel industry is now more critical than ever. A Fossil Fuel Non-Proliferation Treaty offers a vision and a path for what real leadership and international climate cooperation could look like. CAPE TOWN / BERLIN – The Nordic summer of 2021 …

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Why African governments are accepting Afghan refugees

In the final days of the US withdrawal from Afghanistan, a handful of African governments have raised their hands to welcome Afghan refugees. Rwanda, Uganda, Sudan and the self-proclaimed independent state of Somaliland have offered to host hundreds to thousands of refugees in their countries. These African governments — unlike …

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