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☆ Mozambique seeks $3 billion from Privinvest in 'tuna bonds' scandal
▼ + stars: | 2023-10-17 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Traditional fishing boats sail as Mozambique's tuna fleet sits in dock beneath Maputo's skyline, in this picture taken August 15, 2015. REUTERS/Grant Lee Neuenburg/File Photo Acquire Licensing RightsLONDON, Oct 17 (Reuters) - Mozambique is seeking more than $3 billion in damages from Emirati-Lebanese shipbuilder Privinvest over the decade-old "tuna bond" scandal, London's High Court heard on Tuesday. The case centres on deals struck by state-owned companies with Privinvest for loans and bonds from banks including Credit Suisse in 2013 and 2014 for fishing boats and maritime security. Mozambique alleged Privinvest paid bribes on an "industrial scale", involving the "grand corruption" of officials including Mozambique's former Finance Minister Manuel Chang, court filings showed. Chang was extradited to the U.S., where in July he pleaded not guilty to fraud and money laundering charges related to the tuna bonds scandal.

Persons: Grant Lee Neuenburg, Privinvest, Jonathan Adkin, Iskandar Safa, Safa, Manuel Chang, Chang, Adkin, Sam Tobin, Kirstin Ridley, Cynthia Osterman Organizations: REUTERS, Privinvest, UBS, Credit Suisse, International Monetary Fund, Thomson Locations: Maputo's, Mozambique, Safa, U.S, London's

☆ Cloudline: The blimp is back – and this time it’s tiny
▼ + stars: | 2023-10-13 | by ( Tom Page | ) edition.cnn.com time to read: +7 min

CNN —You’d be forgiven for thinking the resurgence of airships and blimps was a load of hot air. South African startup Cloudline has received millions of dollars in investment for its mini blimps. Cloudline first received venture capital backing in 2019, and after years of research and development and prototyping, the company is preparing to launch commercial operations. “The ability of companies like Cloudline to expand is highly subject to the complexity of regulations experienced across the continent,” Chokossa adds. However it looks to fill its airships, Cloudline is hoping it can break through in this revived transport sector.

Persons: CNN — You’d, Cloudline, Spencer Horne, ”, Horne, Christele Chokossa, “, Chokossa, ” Horne Organizations: CNN, Helicopters, Harvard University, Gross, Euromonitor International, Cote d’Ivoire, Democratic, UNICEF Locations: firma, South Africa, Namibia, Mozambique, Kenya, East Africa, Africa, Cameroon, Cote, Democratic Republic of Congo

4:30After the Storm, a Fight for Survival in MozambiqueNOW PLAYINGVideos Show How Attack on Music Festival Began1:13‘Everyone Was Surprised’: Palestinians in Gaza React to Conflict1:03Biden Condemns Hamas Attack on Israel1:12Nobel Peace Prize Awarded to Jailed Iranian Women’s Rights Activist0:34Tourist Bus Crash Near Venice Kills at Least 210:32Multiple People Killed After Church Roof Collapses in Mexico0:28Covid Vaccine Scientists Awarded Nobel Prize0:35Nightclub Fire Kills More Than a Dozen People in Spain0:50Emergency Vehicles Respond To Deadly Shooting in Rotterdam0:22

Persons: Biden Organizations: Storm, Survival, Iranian Women’s Locations: Mozambique, Gaza, Israel, Venice, Mexico, Spain, Rotterdam

DUBAI, Oct 9 (Reuters) - The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. The state-owned company also told Reuters it was investing in energy trading, without giving further details. ADNOC has two trading arms, both set up in 2020: ADNOC Trading, which is focused on crude oil, and ADNOC Global Trading, a joint venture with Italy's Eni (ENI.MI) and OMV which is more focused on refined products. Other recent hires include Bart Cornelissen, who left Deloitte to become ADNOC's senior vice president for group strategy and portfolio last month, according to LinkedIn. Recent senior hires for ADNOC's trading arms include alumni of Gunvor, Litasco, Shell and TotalEnergies, the employment network showed.

Persons: ADNOC, Galp, Austria's, Mohammed bin Zayed, headcount, Michele Fiorentino, Baker Hughes, Musabbeh Al Kaabi, Al Kaabi, Bart Cornelissen, Michael Hafner, Hafner, Morgan Stanley, Neil Quilliam, Sultan al, Jaber, John Kerry, Abu, Maha El Dahan, Yousef Saba, Ron Bousso, David Clarke Organizations: United, Abu, Abu Dhabi National Oil Company, Reuters, BP, NewMed Energy, Italy's Eni, UAE, IOC, Aramco, LinkedIn, Mubadala Energy, Deloitte, Greenhill &, Deutsche Bank, UBS, HSBC, Shell, Eni, Gunvor, The, Chatham House, United Nations, Masdar, Thomson Locations: DUBAI, United Arab Emirates, Abu Dhabi, Gulf, Saudi Arabia, Qatar, UAE, Africa, Mozambique, ADNOC, Geneva, London, The UAE, Europe, Sultan, Dubai

HARARE, Zimbabwe (AP) — Zimbabwe has recorded 100 suspected deaths from cholera and more than 5,000 possible cases since late last month, prompting the government to impose restrictions to stop the spread of the disease, including limiting numbers at funerals and stopping some social gatherings in affected areas. The health ministry announced the death toll late Wednesday and said 30 of the deaths had been confirmed as from cholera through laboratory tests. Political Cartoons View All 1199 ImagesZimbabwe has often imposed restrictions during its repeated outbreaks of cholera. In southern Africa, Zimbabwe, Malawi, South Africa and Mozambique have all had recent cholera outbreaks. More than 4,000 people died in Zimbabwe's worst cholera outbreak in 2008.

Organizations: —, World Health Organization, ___ AP Locations: HARARE, Zimbabwe, — Zimbabwe, Masvingo, Harare, Africa, Malawi, South Africa, Mozambique, Malawi's, ___, africa

☆ Credit Suisse, Mozambique reach out-of-court 'tuna bond' settlement
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsZURICH, Oct 1 (Reuters) - Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS (UBSG.S) said on Sunday, drawing a line under a damaging dispute it inherited. "The parties have mutually released each other from any liabilities and claims relating to the transactions," UBS said. The tuna bond case dates back to three deals between state-owned Mozambican companies and shipbuilder Privinvest - funded in part by loans and bonds from Credit Suisse and backed by undisclosed Mozambican government guarantees. UBS, which rescued scandal-scarred Credit Suisse amid turmoil in the global banking sector earlier this year, has a financial buffer of as much as $10 billion for litigation, JPMorgan analysts estimated in a note to clients on Wednesday.

Persons: Tyrone Siu, corruptly, Noele Illien, Kirsten Donovan Organizations: Credit Suisse, REUTERS, Rights, UBS, Privinvest, JPMorgan, Thomson Locations: Hong Kong, China, Mozambique, Swiss, London, Mozambican

☆ UBS Poised to Settle Mozambique’s ‘Tuna Bonds’ Lawsuit Against Credit Suisse
▼ + stars: | 2023-09-28 | by ( Margot Patrick | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: ubs, suisse, a9ce24b8

☆ China has poured billions into Africa’s infrastructure. Is it now tightening the tap?
▼ + stars: | 2023-09-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

The impact of those funds is felt across Africa, where residents in major cities like Lagos, Nairobi and Addis Ababa now transit daily via railways, highways and airports built in recent years with Chinese loans and often by Chinese construction firms. But understanding how much money is flowing out of China into global development is notoriously tricky as Beijing doesn’t share this data openly and a wide range of financial entities play roles. How all this plays out could have a significant impact on developing countries’ access to much-needed infrastructure funding. China is also navigating the second decade of the Belt and Road amid stark economic challenges at home. China in 2017 released guidance on promoting a “green” Belt and Road, which called for sustainable development and strengthening environmental protection.

Persons: laud, Xi, Roberto Matchissa, Oyintarelado Moses, ”, Moses, Ammar A, Malik, “, Austin Strange, Yasuyoshi Chiba, AidData’s Malik, HKU’s Organizations: Hong Kong CNN, Initiative, Boston University Global Development, Center, Getty, CNN, Global China Initiative, Global Development Policy, William, Mary’s Global Research Institute, University of Hong, Global Development Locations: China, Hong Kong, Africa, Beijing, Lagos, Nairobi, Addis Ababa, Ukraine, Maputo, Katembe, Mozambique, AFP, Kazakhstan, Zambia, Ghana, University of Hong Kong, Kenya, United States, China’s

☆ Mozambique can sue Privinvest in London 'tuna bond' case, UK court rules
▼ + stars: | 2023-09-20 | by ( Sam Tobin | ) www.reuters.com time to read: +3 min

Mozambique is suing Privinvest, its owner Iskandar Safa, Credit Suisse and others over three loans raised in 2013 and 2014, ostensibly to develop its fishing industry. In the Supreme Court case, Privinvest argued the dispute must be heard in secret arbitration proceedings. But senior judges unanimously allowed the case to be heard in a lengthy public trial in the High Court, due to begin on Oct. 3. The judgment validates Mozambique's decision to bring proceedings in the High Court, said Mozambique's London law firm Peters & Peters. The High Court ruled this month that Nyusi has state immunity.

Persons: Filipe Jacinto Nyusi, Eduardo Munoz, Privinvest, Iskandar Safa, Peters, Peters & Peters, Safa, corruptly, Filipe Nyusi, Nyusi, Helen Taylor, Kirstin Ridley, Manuel Mucari, William James, Tomasz Janowski, Alexander Smith Organizations: General Assembly, REUTERS, Credit Suisse, Peters &, Privinvest, UBS, Mozambican, Corruption, Thomson Locations: Mozambique, New York City, U.S, Britain, Court, London, Lebanon, Abu Dhabi, United States, Mozambican, Maputo

☆ These are the countries with the shortest and longest workweeks—and where the U.S. stands
▼ + stars: | 2023-09-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Here are the 5 countries with the shortest average workweeks, according to data from the International Labor Organization:Vanuatu: 24.7 hours average per week per employed person24.7 hours average per week per employed person Kiribati: 27.3 hours average per week per employed person27.3 hours average per week per employed person Mozambique: 28.6 hours average per week per employed person28.6 hours average per week per employed person Rwanda: 28.8 hours average per week per employed person28.8 hours average per week per employed person Austria: 29.5 hours average per week per employed personThese are the 5 countries with the longest workweeks, according to the ILO:United Arab Emirates: 52.6 hours average per week per employed person52.6 hours average per week per employed person Gambia: 50.8 hours average per week per employed person50.8 hours average per week per employed person Bhutan: 50.7 hours average per week per employed person50.7 hours average per week per employed person Lesotho: 49.8 hours average per week per employed person49.8 hours average per week per employed person Congo: 48.6 hours average per week per employed personIt is important to note that the distribution of these hours is not necessarily even. In the UAE, 46% of those employed work for more than 49 hours a week, which is considered the 'excessive working limit' by the ILO. In comparison, only 8% of those employed in Austria work over the excessive working limit. In a survey conducted by the Randstad Workmonitor, 43% of Americans said they felt compelled to be available to their employers outside of regular work hours. In a separate survey, Morning Consult reported that 51% of Americans support slower employee response time outside of work hours, which is the norm in the European workplace.

Organizations: International Labor Organization, ILO, United, Union worker's, Organization for Economic Cooperation, Development, CNBC Locations: Vanuatu, Kiribati, Mozambique, Rwanda, Austria, United Arab Emirates, Gambia, Bhutan, Lesotho, Congo, UAE, South Korea, China, Russia, India, United Kingdom, Israel, Canada, Norway

☆ Meet the Black students who were instrumental in developing the first Covid-19 shots
▼ + stars: | 2023-09-15 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +10 min

Among about two dozen scientists in Graham’s lab were three young students: Olubukola Abiona, Geoffrey Hutchinson and Cynthia Ziwawo. What the world didn’t know at the time was that those three students — Abiona, Hutchinson and Ziwawo — were doing the foundational work for those vaccines to eventually save lives. Geoffrey Hutchinson served in the Peace Corps and taught chemistry to high school students in Mozambique. The fruits of Abiona, Hutchinson and Ziwawo’s labor were evident this week as the United States began to roll out updated versions of the Moderna and Pfizer/BioNTech Covid-19 vaccines. Abiona, Hutchinson and Ziwawo all confirmed Wednesday that although they haven’t made their appointments yet, they plan to get the updated shots.

Persons: Barney Graham’s, Olubukola Abiona, Geoffrey Hutchinson, Cynthia Ziwawo, “, Graham, ‘, ’ ”, Hutchinson, ”, ” Ziwawo, Anthony Fauci, — Abiona, Ziwawo —, Ziwawo, Kizzmekia Corbett, ” Corbett, David Satcher, he’s, Valerie Montgomery Rice, “ They’re, Abiona, Hannah Montana, Austin Steele, CNN Abiona, BioNTech, “ It’s, Dr, Sanjay Gupta Organizations: CNN, Vaccine Research, National Institutes of Health, University of Washington, “, Vaccine Research Center, National Institute of Allergy, Diseases, Moderna, Morehouse School of Medicine, David Satcher Global Health Equity Institute, Association of American Medical Colleges, NIH, Disney, David Satcher Global Health Equity Summit, KPMG LLP, Indiana University School of Medicine, Case Western Reserve University, Peace Corps, United States, Pfizer, CNN Health, FDA, Food and Drug Administration, US Centers for Disease Control Locations: China, Bethesda , Maryland, Ziwawo, United States, Atlanta, Graham’s, Nigeria, Mozambique, Abiona, United

☆ The world’s biggest national park is larger than most countries
▼ + stars: | 2023-09-12 | by ( Joe Yogerst | ) edition.cnn.com time to read: +8 min

Sagarmatha National Park in Nepal safeguards the southern slopes of Mt Everest, the world’s highest peak at 8,849 meters (29,032 feet). Venezuela’s Canaima National Park is home to Angel Falls, the world’s tallest waterfall at 979 meters (3,212 feet). Larger than Delaware and roughly the same size as Wales, Yellowstone was considered huge when it became the world’s first national park in 1872. North AmericaSprawling across nearly half of the world’s largest island, Northeast Greenland National Park is currently the globe’s single largest national park and biggest land-based protected area. Imaginechina Limited/Alamy Stock PhotoDespite being the largest continent, Asia has fallen behind in the race for the world’s largest national parks.

Persons: Venezuela’s, there’s, ”, Mette Pike Barselajsen, Mercedes, China’s, Martin Harvey, Naukluft, it’s, Claire Christian Organizations: CNN, National, United Nations, Nanu, South America, Colombia Oculta, Simpson, Mercedes Benz G, Imaginechina, Bank, Getty, Conservation, Antarctic & Southern Ocean Coalition, Antarctic Locations: Nepal, Mt, Angel Falls, Angkor, Cambodia, Delaware, Wales, Yellowstone, North America, Greenland, Ittoqqortoormiit, “, East Greenland, South, Patagonia, Colombia, Australia, South Australia, Asia, Qinghai Province, Europe, Africa, Africa’s, Zambia, Zimbabwe, Mozambique, Angola, Namibia, Antarctica

☆ DR Congo, Mauritania and Mozambique qualify for Cup of Nations finals
▼ + stars: | 2023-09-09 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

CAPE TOWN, Sept 9 (Reuters) - The Democratic Republic of Congo, Mauritania and Mozambique qualified for the next Africa Cup of Nations finals with wins on Saturday, but the games were overshadowed by the earthquake in Morocco that killed more than 1,000 people. The Gambia and Congo teams had to evacuate their hotel rooms when the quake hit on Friday and spent the night sleeping next to their respective hotel swimming pools. Mozambique booked their place earlier on Saturday with a last-gasp 3-2 home win over Benin in Maputo. On top of hosts Ivory Coast and Saturday's successful trio, the other finalists are Algeria, Angola, Burkina Faso, the Cape Verde Islands, Egypt, Equatorial Guinea, Ghana, Guinea, Guinea Bissau, Mali, Morocco, Nigeria, Senegal, South Africa, Tanzania, Tunisia and Zambia. Writing by Mark Gleeson in Cape Town; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pierre, Emerick, Jean Noel Amonome, Theo Bongonda, Saturday's, Mark Gleeson, Ken Ferris Organizations: Democratic, Africa, Nations, U.S . Geological, Reuters, Confederation of African Football, DR, Belgium, Congolese, Clesio, Ivory Coast, Thomson Locations: CAPE, Democratic Republic of Congo, Mauritania, Mozambique, Morocco, Liberia, Gambia, Congo, Marrakech, The Gambia, Ivory Coast, DR Congo, Sudan, Gabon, Kinshasa, Mayele, Benin, Maputo, Senegal, Burundi, Cameroon, Namibia, Algeria, Angola, Burkina Faso, Cape Verde Islands, Egypt, Equatorial Guinea, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, South Africa, Tanzania, Tunisia, Zambia, Cape Town

The continent is rich in the commodities needed for the green energy transition and has abundant solar power, but many governments are also burdened with cripplingly high debts. "Eighty percent of the infrastructure Africa needs by 2050 has not yet been built," Gamboa said at the IMPACT conference. "They've come to a recognition that it is good development to leapfrog and go into the clean energy transition now." "We cannot and will not run away from doing fossil fuel-based investing because the development needs of the continent are so huge," the AFC's Gupta said. "The world still needs energy security, the world still needs energy source diversity.

Persons: John Muchucha, it's, Andrew Steer, Freddy, we've, Tom Mitchell, Sanjeev Gupta, Gupta, Cristina Gamboa, " Gamboa, ActionAid, Gloria Dickie, Jane Wardell, Sharon Singleton Organizations: REUTERS, Earth, Reuters IMPACT, International Institute for Environment, Development, London, African Finance Corporation, International Energy Agency, IMPACT, AFC, Thomson Locations: Africa, Nairobi, Kenya, London, Horn of Africa, Malawi, Mozambique, Madagascar, Sharm el, Sheikh, Lagos, Global South, Paris

☆ Gorongosa National Park: How coffee is helping to restore an ecosystem
▼ + stars: | 2023-09-06 | by ( Kayla Smith | ) edition.cnn.com time to read: +6 min

Mozambique’s efforts to become a coffee powerhouse are thanks in part to the Gorongosa Coffee Project. Gorongosa coffee is exported mainly within Africa, with South Africa its biggest market. Gorongosa MediaJuliasse Sabao, supervisor of the Gorongosa Coffee Project, says that before coffee came to the national park, many people there were subsistence farmers growing just enough maize, beans, and peas to feed their family, with little surplus to sell. Vasco Galante, the national park’s director of communications, believes the revival of Gorongosa National Park is one of Africa’s greatest wildlife restoration success stories. Wana Chipoya, a Zambian agronomist working with coffee, recently visited the national park and was very impressed.

Persons: Juliasse Sabao, ” Sabao, Sabao, Sofia Molina, Molina, ”, ’, they’ll, “, Vasco Galante, Wana, “ I’ve Organizations: CNN, International Coffee Organization, Gorongosa Locations: Africa, Ethiopia, Kenya, Mozambique, –, South Africa, ”, Zimbabwe, Tanzania, Malawi, Zambian

☆ Hundreds of millions pledged for African carbon credits at inaugural climate summit
▼ + stars: | 2023-09-04 | by ( Duncan Miriri | ) www.reuters.com time to read: +5 min

Companies Climate FollowVitol SA FollowNAIROBI, Sept 4 (Reuters) - An initiative to boost Africa's carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent's first climate summit. In one of the most anticipated deals, the United Arab Emirates (UAE) committed to buying $450 million of carbon credits from the Africa Carbon Markets Initiative (ACMI). "There hasn't been any success for an African country in attracting climate finance," said Bogolo Kenewendo, a United Nations climate adviser and former trade minister in Botswana. Many African campaigners have opposed the summit's approach to climate finance, and about 500 people marched in downtown Nairobi on Monday to protest. They say carbon credits are a pretext for continued pollution by wealthier countries and corporations, who should instead pay their "climate debt" through direct compensation and debt relief.

Persons: William Ruto, Ruto, Bogolo Kenewendo, Bogolo, Kevin Kariuki, Patricia Scotland, Esa Alexander, we've, Hassan Ghazali, Britain, Sultan Al Jaber, COP28, Duncan Miriri, Simon Jessop, Jefferson Kahinju, Aaron Ross, Hereward Holland, Angus MacSwan, Susan Fenton Organizations: United Arab Emirates, Africa Carbon Markets, United, African Development Bank, Reuters, International Monetary Fund, REUTERS, Climate Asset Management, HSBC Asset Management, Debt, Green, Thomson Locations: NAIROBI, UAE, Nairobi, Africa, United Nations, Botswana, Muloza, Mozambique, Blantyre, Malawi, Liberia, Tanzania, Germany, Kenya

☆ Zimbabwe: President Mnangagwa sworn in after disputed polls
▼ + stars: | 2023-09-04 | by ( Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Zimbabwe’s President Emmerson Mnangagwa was sworn in for a second five-year term Monday, a week after securing an absolute majority in a disputed presidential vote. The arrests had followed the release of a report by the Zimbabwe NGO Forum that documented irregularities on polling day, according to Amnesty International. The opposition CCC party told CNN on Monday it will not challenge Mnangagwa’s victory at the courts, because it is unsure of getting justice through the country’s legal system. Mnangagwa took the reins of power for another term in a colorful ceremony attended by thousands of Zimbabweans and regional leaders. Mnangagwa, nicknamed “The Crocodile,” succeeded Mugabe after helping to orchestrate the coup that ousted him.

Persons: CNN —, Emmerson Mnangagwa, Mnangagwa, Nelson Chamisa, ”, Reuters Mnangagwa's, Mkwananzi, Robert Mugabe, “, Mugabe Organizations: CNN, Democratic, Citizens Coalition, Zimbabwe Electoral Commission, European, Zimbabwe NGO Forum, Amnesty International, CCC, Philimon, Reuters Locations: South Africa, Democratic Republic of Congo, Mozambique, Zimbabwe, Philimon Bulawayo, Harare

Together, experts say, these efforts aim to enhance China’s military reach, which currently includes only one operational overseas naval base in Djibouti on the Horn of Africa. “It’s a question of when – not if – China will secure its next overseas military outpost,” he said. This photo taken on August 1, 2017, shows Chinese People's Liberation Army personnel attending the opening ceremony of China's new military base in Djibouti. The Hambantota commercial port in Sri Lanka has long been considered a prime candidate for a Chinese naval base. However, China’s path to developing permanent overseas bases, if indeed that is its aim, is not straightforward.

Persons: FDD, Craig Singleton, “, –, ”, Tea Banh, FDD’s Singleton, Tang Chhin Sothy, Singleton, Xi Jinping, Stringer, ” AidData, Stephen J, Townsend, ” Townsend, Bata, Ali Bongo Ondimba, Ken Ishii, ’, ” Singleton, China’s, Aaron Favila, Isaac Kardon, Kardon, ” Kardon, BlackSky Singleton, Rob Wittman, Fu Tian, Seth Moulton, ” Moulton, Martin Meiners Organizations: South Korea CNN, People’s Liberation Army Navy, Foundation for Defense of Democracies, People’s Liberation Army, PLA, Ream, Base, CNN, China’s Ministry of Defense, Ministry of Foreign Affairs, Ream Naval Base, ” Cambodian Defense, Cambodian, Getty, Fleet, Communist Party, US, Liberation Army personnel, William & Mary University, Sri Lankan Navy, US Africa Command, Gabonese, of, Xinhua, Naval Research Academy, Carnegie Endowment, International Peace, East China Seas, China, Control, Organization, Force, Strategic, International Studies, Defense Department, Chinese Communist Party, ”, Virginia Republican, The Defense Department, Qingdao Port, People's Liberation Army Navy, China News Service, America, Pentagon, US Defense Department Locations: Seoul, South Korea, China, Beijing, Washington, Cambodia, Argentina, Cuba, Djibouti, of Africa, Africa, West Asia, Gulf, Thailand, United States, Preah Sihanouk, AFP, Horn of Africa, “, South, Taiwan, Virginia, —, Sri Lanka, Bata , Equatorial Guinea, Gwadar, Pakistan, Kribi, Cameroon, Ream, Vanuatu, Nacala, Mozambique, Nouakchott, Mauritania, Colombo, Equatorial Guinea, Gabon, West Africa, South China, East Asia, East, Asia, Washington In Washington, Nanchang, Qingdao, Shandong province, Massachusetts

CNN —Yevgeny Prigozhin turned the Wagner Group from a shadowy band of mercenaries into a feared military powerhouse operating across multiple countries on three continents. The kind of clear chain of command that is common in traditional military does not exist in Wagner, which makes Prigozhin’s demise a potentially existential problem for the group. Members of Wagner group sit atop of a tank in a street in the city of Rostov-on-Don, on June 24, 2023. A Russian military delegation went to the Libyan city of Benghazi this week to meet with Haftar, who has been supported by Wagner for several years. He said the cracks in the foundations of West African and Central African countries that have leaned on the Wagner Group for support could begin to emerge now.

Persons: Yevgeny Prigozhin, Wagner, ”, Natasha Lindstaedt, “ It’s, ” Lindstaedt, – Wagner, Dmitriy Utkin, Valeriy Chekalov –, “ Wagner, Russia ” Wagner, Prigozhin, Vladimir Putin, “, ” Wagner, Huseyn Aliyev, –, ” Aliyev, Aliyev, Lindstaedt, Putin, Stringer, Yevgeny Progozhin, Khalifa, Haftar, Yevkurov, ” Oluwole, there’s, ” Prigozhin, Christopher O, Ogunmodede, couldn’t, Sergey Lavrov Organizations: CNN, Wagner, University of Essex, Russia, University of Glasgow, Kremlin, Ministry of Defense, Prigozhin's Press Service, Russian Ministry of Defense, Kommersant, UK Ministry of Defense, Getty Images Security, Russian, Central African, Forces, Reuters, Libyan, Central Africa, Institute for Security Studies, Central, Wagner Group, Politics, Russia’s Locations: Moscow, Russia, Russia’s, Russian, United States, Ukraine, Africa, Middle, Bakhmut, Rostov, AFP, Syria, St . Petersburg, Mali, Crimea, Central African Republic, Mozambique, Libya, Libyan, Benghazi, West African, “, Mali …

☆ Opinion: Prigozhin seemed to be living on borrowed time
▼ + stars: | 2023-08-24 | by ( Opinion Daniel Treisman | ) edition.cnn.com time to read: +6 min

CNN —Wagner chief Yevgeny Prigozhin — who the Russian aviation agency confirmed was a passenger on board a plane that crashed on Wednesday evening — seemed to be living on borrowed time. Video of the plane debris taken at the purported crash site in the western Tver region of Russia matches the plane registered to Prigozhin. Investigations were started within the armed forces, and probably within the security forces as well. Any effort to paint Prigozhin as wealthy and corrupt stopped almost immediately, and no new financial investigations were announced. And in what might have been the last straw for Putin, Prigozhin released a video on Monday of himself standing in what looked like an African desert, boasting of his men’s exploits.

Persons: Daniel Treisman, “, CNN — Wagner, Yevgeny Prigozhin —, Wagner, Vladimir Putin, Prigozhin, Alexander Lukashenko, Putin, William Burns, “ I, Alexander Zemlianichenko, –, —, Sergei Surovikin, Surovikin, Viktor Afzalov Organizations: University of California, CNN, Belarus, CIA, Kremlin, Central African, Investigations, Washington, Twitter, Facebook Locations: Los Angeles, Russian, Russia, Tver, Kuzhenkino, Tver region, Moscow, Africa, Mali, Central African Republic, Mozambique, Sudan, Ukraine, Petersburg, Sahel, St . Petersburg

Humble beginningsPutin and Prigozhin share relatively humble beginnings, and the Wagner chief grew up in the tougher neighborhoods of St. Petersburg, which is also the president’s hometown. Prigozhin founded Wagner that year as a mercenary outfit that fought both in Ukraine and, increasingly, for Russian-backed causes around the world. In recent months, Prigozhin has created a dilemma for Putin by becoming an outspoken critic of Russia’s military leaders. The Wagner mutiny began when Prigozhin unleashed a fresh tirade against the Russian military and then marched his troops into the Russian city of Rostov-on-Don. Prigozhin responded on Telegram saying that Putin was “deeply mistaken.”“We are patriots of our Motherland, we fought and are fighting,” the Wagner chief said.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin, Alexander Lukashenko, Putin, ”, Humble, George Bush, Jacques Chirac of France, ” Prigozhin, Defense Yunus, Bek Yevkurov, Wagner –, –, Mark Hertling, Misha Japaridze, Sergei Shoigu, Valery Gerasimov, “, Don Organizations: CNN, Kremlin, Russian, Moscow Times, Defense, Reuters CNN, Central African, Internet Research Agency, US Treasury Department, United, Russian Defense Locations: Moscow, Ukraine, Russian, Belarus, St . Petersburg, Africa, Central African Republic, Sudan, Libya, Mozambique, Mali, Syria, Soledar, Prigozhin's, Russia, Bakhmut, Rostov

Zhang Yaoyu, PCI's global head of LNG trading, declined to comment on the company's traded volume, but said trading was part of the company's overall strategy. By 2026, Chinese companies are expected to have contracted LNG supplies of more than 100 million tons a year. That could mean a surplus of up to 8 million tons that year, according to consultancy Poten & Partners, or a deficit of 5 million to 6 million tons based on estimates from pricing agency ICIS. Qatar, which will be China's largest supplier for 2026, however, offers traditional LNG contracts that are restricted to a single destination or country. These openings in the market and a more liberalised domestic gas market have also prompted smaller Chinese gas distributors and importers to expand into the trading space.

Persons: Dado Ruvic, Toby Copson, Copson, it's, Zhang Yaoyu, Zhang, Jason Feer, Feer, Chen Aizhu, Emily Chow, Marwa Rashad, Yuka Obayashi, Tom Hogue Organizations: REUTERS, 2026 Companies, Shell, BP, International Energy Agency, Offshore Oil Corp, China Gas Holdings, HK, Qatar, Trident LNG, Sinochem, PetroChina International, Poten, Partners, Rystad Energy, Reuters Graphics Reuters, Reuters, PCI, U.S, Beijing Gas, Zhejiang Energy, JOVO Energy, Thomson Locations: Qatar, US, Europe, Asia SINGAPORE, London, Singapore, U.S, Oman, Canada, Mozambique, Shanghai, China, Japan, Beijing, Central Asia, Russia, Southeast Asia, South Korea, Ukraine, ENN, Tokyo

☆ Safaricom launches M-Pesa mobile money service in Ethiopia
▼ + stars: | 2023-08-16 | by ( Dawit Endeshaw | ) www.reuters.com time to read: +2 min

[1/2] A customer displays the package of a Safaricom Ethiopia sim card during the service launch in Addis Ababa, Ethiopia, October 6, 2022. REUTERS/Tiksa Negeri/File Photo Acquire Licensing RightsADDIS ABABA, Aug 16 (Reuters) - Safaricom's (SCOM.NR) M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies. The company also faces stiff competition from Ethio Telecom, whose profits more than doubled in its latest financial year. In July, Ethio Telecom reported having more than 34 million subscribers to its mobile money service Telebirr. Mobile money services are common in East Africa, allowing customers to send and receive money and pay for goods and services.

Persons: Safaricom, Stanley Njoroge, Dawit, Elias Biryabarema, Aaron Ross, Jane Merriman Organizations: REUTERS, Tiksa, South Africa’s Vodacom, Britain’s Vodafone, Democratic, Ethio Telecom, Thomson Locations: Ethiopia, Addis Ababa, ADDIS ABABA, Horn of Africa, Kenya, Democratic Republic of Congo, Egypt, Ghana, Lesotho, Mozambique, Tanzania, Mobile, East Africa

☆ Niger: Africa's latest coup is a headache for the West and an opportunity for Russia
▼ + stars: | 2023-08-03 | by ( Stephanie Busari | ) edition.cnn.com time to read: +11 min

An important Western allyThe coup in Niger has deprived Western nations, particularly France and the United States, of a key ally in a troubled region. The largest country in West Africa, Niger had been touted as a democratic success story on the continent and Bazoum was seen as a crucial partner in the fight against Islamist jihadists in the region. Carley Petesch/AP/FileThe French military also maintains two permanent bases in the Sahel region, one of which is in Niamey. “The former colonizers are trying to keep the people of African countries in check. Russian President Vladimir Putin, right, and President of the Republic of South Africa Cyril Matamela Ramaphosa shake hands on the sideline of the Russia Africa Summit.

Persons: Mohamed Bazoum, Putin, France ”, Emmanuel Macron, “, Bazoum, Joe Biden, Washington “, Stringer, Wagner, Yevgeny Prigozhin, jihadists, Carley Petesch, ” Maman Sani, Oluwole Ojewale, …, ” Ojewale, ” Françafrique, Remi Adekoya, ” Adekoya, ” Wagner, Prigozhin, ” Prigozhin, Vladimir Putin, Republic of South Africa Cyril Matamela Ramaphosa, Mikhail Metzel, Ibrahim Traore, ”, ” Traore, Ojewale Organizations: CNN, West, Kremlin, ISIS, Africa Center, Strategic Studies, European Union, World Nuclear Association ., Institute for Security Studies, Central African, CFA, Banque de France, UK’s York University, Russia Africa Summit, ISS Locations: Niger, Niamey, France, Paris, United States, Western, Africa, Russia, Moscow, Russian, Mali, West Africa, Nigerien, al Qaeda, US, Agadez, Sahel, Burkina Faso, West, Central Africa, China, Ukraine, Sudan, Central African Republic, Mozambique, Libya, St . Petersburg, Somalia, Uganda, Zimbabwe, Republic of South Africa

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