The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and […]
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Members of the Organization of the Petroleum Exporting Countries, OPEC and some non-members, such as Russia are due to meet informally in Algiers, Algeria next month. The meeting will be on the sidelines of the International Energy Forum, taking place 26-28 September. Russia is attending the forum as well. The informal meeting is taking place […]
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U.S President Barack Obama is proposing about $200 million in new military spending to confront Islamist militants in north and west Africa, U.S. defense officials said ahead of Tuesday’s budget rollouts for the next fiscal year, according to Reuters. U.S. officials declined to specify to which nations the funding would be directed. The disclosure comes […]
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