News Oil 

Tullow Oil struck by double blow in Africa

“Tullow Oil faces a double blow to its interests in Ghana and Kenya where legal woes and public protest continue to dog its oil projects” writes Energy Editor for telegraph.co.uk. The London-listed oil explorer has been ordered to pay out an extra $50m (£38m) to Kosmos Energy, its project partner in Ghana, after losing a dispute with its rig contractor last month.The arbitration also insisted that Tullow reimburse Kosmos for some of its legal and rig demobilisation costs. Meanwhile ongoing protests at Tullow’s oil project in Turkana, Kenya… Source: telegraph.co.uk Share…

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An Ebola Outbreak Has Just Been Stopped. Here’s What It Tells Us About Containing Epidemics.

“Similarly, earning the trust of local communities was initially overlooked in the West African epidemic and became a major barrier” reports hbr.org. During the West African epidemic there was often a lack of clarity on what was going on — sometimes even for agencies actively involved in the response.Global agencies, on high alert after the West African epidemic, leveraged lessons learned and efforts made since then to respond differently in several important ways. Source: hbr.org Share This:

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Mint Expands Payroll Card Footprint Into Africa

“In addition to its payroll cards, Mint operates a proprietary ATM network for underbanked employees to access cash when they are paid” reports pymnts.com. A recent press release said Mint has entered into an agreement to process Mastercard-branded payroll cards to disburse salaries to government employees.Mint Gateway for Electronic Payment Services, a unit of The Mint Corp., is expanding payroll card operations across the African continent, a market that represents significant growth for the company. Source: pymnts.com Share This:

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‘Super crops’ could revolutionise agriculture in Africa, expert claims

“Super crops have the potential to revolutionise agriculture in Africa, a leading expert has claimed” writes Jack Peat for independent.co.uk. The project shows how the problem of Zambia’s low-yielding agriculture can be mitigated by promoting new super crops.The combined approach of revolutionising farming methods through mechanisation; the appropriate use of fertiliser and pesticides, and the deployment of high-yielding super crops means the future is bright for agriculture in Africa.Zambia, one of the continent’s most fertile countries, produces a wide range of foods including maize, rice, millet, sorghum, and sweet potatoes. Source:…

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Crypto News 

Africa Is Leading a Financial Revolution, Says…

“Peer-to-peer cryptocurrency marketplace Paxful has said that there is a rise in the use of digital currencies in Africa, with young people leading the way” writes Rebecca Campbell for livebitcoinnews.com. Do you think Africa will continue to lead a financial revolution and embrace cryptocurrencies fully before more developed nations?. In Africa, the use of digital currencies is delivering a source of income for many people.And unlike fiat currencies, such as the Zimbabwean dollar, cryptocurrencies are providing stability to people who need it the most.In addition, with crypto exchange Golix delivering…

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South Africa will avoid a ‘knee-jerk’ reaction to currency weakness, central bank deputy says

“So we don’t really act in a knee-jerk reaction to a currency weakness,” Naidoo said” writes Natasha Turak for cnbc.com. “If there is persistence in that currency weakness and it feeds into other prices, we would have to act.South Africa’s central bank has plenty on its plate, especially within the context of a new president and unenviable credit ratings following years of corruption and economic mismanagement.But despite the South African rand hitting a six-and-a-half-month low against the dollar, the bank is still taking a ‘wait-and-see’ approach.”We are concerned — we…

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Two stabbed to death in ‘brutal’ attack on mosque in South Africa

“South African police say two worshippers have been stabbed to death in an attack on a mosque in Malmesbury, Western Cape” writes Adam Withnall for independent.co.uk. The attack comes a month after another assault on a mosque in Verulam, north of Durban.Speaking to eNCA, Mishka Daries of the Muslim Judicial Council described the attack as “brutal”, saying it was a “shocking and sad assault on what is probably the last day of Ramadan”. Source: independent.co.uk Share This:

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