Wednesday, July 15

Investing

Salva Kiir

Last week, President Salva Kiir of South Sudan stepped into Moscow to meet his Russian counterpart, President Vladimir Putin. Their talks echoed the promise of an expanding relationship. However, an air of curiosity tinged the talks as the pair discussed energy, trade, and the ever-hot subject of security. In a secluded meeting that held the weight of geopolitics, Kiir and Putin’s dialogue not only spanned the customary diplomatic matters but also ventured into the depths of political and security concerns within South Sudan.

Tanzania's Mining Act | Mining in Tanzania | Gold in Tanzania

The mining industry in Tanzania holds a unique position as one of the most financially rewarding sectors, consistently generating foreign currency. Beyond its economic significance, this sector also wields considerable political influence within the nation. Therefore, a recent multi-million-dollar agreement forged with Australia and the US for the extraction and processing of critical minerals positions Tanzania advantageously as it prepares to participate in the forthcoming Critical Minerals Summit 2023.

access to electricity

A new commentary from the International Energy Agency (IEA) on the upcoming World Energy Outlook 2023 has revealed that despite improvements, global access to electricity still needs to catch up to the pace required to meet SDG 7. The commentary supports discussions from the recently concluded United Nations’ SDG Summit on 18-19 September 2023. It is also part of the IEA’s support of the first global stocktake of the Paris Agreement, which will be finalized in the run-up to COP28, the next UN Climate Change Conference, at the end of 2023.

Natural Gas

The recent formalization of an agreement to advance what is being hailed as South Africa’s most substantial liquefied natural gas (LNG) endeavor in the Mpumalanga province underscores the potential of natural gas as a viable energy source for the nation. This accord, described as a “non-binding term sheet,” represents a collaboration between South Africa’s Industrial Development Corporation (IDC) and Afro Energy. The latter is a subsidiary of the Australian gas exploration company Kinetiko Energy.

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