Tag Archives: oil

Key African Central Banks to Hold Rates on CPI, Oil Prices

While the drop in oil prices could give South African and Kenyan policy makers room to hold off on further rate increases, currency pressures could …
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African Energy Chamber and the Oil Industry Congratulates Equatorial Guinea’s Government on Setting Up One-Stop Sho…

The African Energy Chamber (www.EnergyChamber.org) welcomes the improvement of Equatorial Guinea’s business environment via the establishment of a one-stop shop for setting up businesses in the country. 

“The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the country at par with global standards, said NJ Ayuk, the Chamber’s Executive Chairman.  For the African Energy Chamber and the oil industry, it is important to encourage men and women who find opportunities, have ideas of innovative services and unavailable products,…

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China Eases Back on Mideast, African Oil After Buying Binge

China's crude oil purchases from the Middle East and West Africa dropped to a four-month low in December, following a buying binge the previous …
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Anglo African Oil & Gas confirms multiple discoveries in TLP-103 well

() gives investors more detail on the wireline logging of the recently drilled TLP-103C well in the Republic of Congo. Executive Chairman David Sefton could barely disguise his excitement as he hot-footed it to the Proactive Investors London studio to give more details on the recent RNS. News here too updating investors on oil flow rates and what to expect in 2019. Logging has measured a total of 44 metres of oil column – with 26 metres in the Mengo reservoir (primary target), 13 metres in newly found horizons between the R3 and the Mengo, and, 5 metres in the R2 reservoir. Djeno drilling is already underway and will become the primary focus leaving Mengo far behind as, according to Sefton, “There’s only so much oil we can handle!”.

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Foreign debt, high oil prices hit East Africa markets

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East African stockmarkets faced a difficult year and the situation is unlikely to change in 2019, with analysts citing the region’s increased exposure to foreign debt as a risk.

Global research firm Focus Economics has warned that emerging and frontier markets are at the risk of heightened volatility in their financial and equity markets and a sizeable currency depreciation in 2019, largely due to higher yields in the United States, increase in oil prices and increased exposure to foreign debt.

The firm notes that increased oil prices are putting pressure on some oil-importing countries, worsening their current account positions while higher yields in the US are likely to cause foreign investors to sell off their stocks in African markets.

In Kenya, the…

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Commentary: We do not have oil, gold, bauxite or gas but we have the best beach in the world; continue to protect a…

Drexwell Seymour is from the Turks and Caicos Islands. He graduated with a Bachelor of Arts degree in Accounting at age 19 and a MBA in Finance at age 20. In 1992 at age 22, he took and passed all four parts of the CPA exam. He is currently part of a credit union exploratory committee and hopes to have credit unions established soon in the TCI. His articles are also posted on his website www.drexwellseymour.com

By Drexwell Seymour


We do not have oil, gold, bauxite or gas but Grace Bay Beach on the Island of Providenciales in the Turks and Caicos Islands (TCI) is considered to be the best beach in the world. Almost every year for the past couple of years, Grace Bay Beach was selected by guests, travel agents and international media outlets as the best Beach in the…

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