Category archives for: Oil & Gas

AMG throws Zimbabwe economic lifeline

Businessman Frank Buyanga greets Zimbabwe deputy president Kembo Mohadi

by SAVIOUS KWINIKA  JOHANNESBURG, (CAJ News) – ZIMBABWE has received some reprieve after a gold medallion company based in neighbouring South Africa pledged to finance the procurement of scarce commodities in the economically-besieged country. African Medallion Group (AMG), the Johannesburg-based company founded by Zimbabwean entrepreneur and philanthropist, Frank Buyanga, made the offer in a letter to […]

Angola worse off as hyped economic vision fails litmus test

Angola President João Lourenço

from PEDRO AGOSTO in Luanda, Angola LUANDA, (CAJ News) – EXACTLY a year after President Joao Lourenço assumed office and promised Angolans a so-called economic miracle, the Southern African’s economy is in dire straits, highlighted through downgrades by international credit rating agencies, downward revisions of growth forecast and plans by government to borrow. Recently, Fitch […]

SADC rail revival spurs intra-Africa trade

South African Heavy Haul Association

by GIFT NDOLWANE  JOHANNESBURG, (CAJ News) – AFTER years lying derelict owing to a snub by some governments in the region, the railway sector has bounced back as a key component of promoting intra-African trade, particularly in the Southern region. The region has taken a lead in intra-continental trade, hence there is excitement at the […]

Oil sector reforms perpetuate Angolan oligarchy

Sonangol

from PEDRO AGOSTO in Luanda, Angola LUANDA, (CAJ News) – THE appointment of a team to oversee the transformation of Angola’s oil sector has turned out to be a continuation of a culture of patronage and oligarchy synonymous with the Southern African country’s political landscape. Africa’s second largest producer of crude oil is setting up […]

Lack of trust over Angola anti-graft crusade

Angola President João Lourenço

from PEDRO AGOSTO in Luanda, Angola LUANDA, (CAJ News) – THE appointment of prominent individuals tainted by corruption and mismanagement allegations into important government positions has cast a shadow over the sincerity of President João Lourenço to fight entrenched corruption in Angola. According to critics, the touted anti-graft stance is more indicative of concerted attempts […]

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