High-level Meeting Sets the Stage for Cooperation In a significant step towards strengthening ties and fostering collaboration, Burkina Faso leader, Captain Ibrahim Traore, welcomed the Representative of the International Alliance of BRICS (Brazil, Russia, India, China, and South Africa) in West and Central Africa, Ahoua Don Mello. This pivotal meeting…
Plug Power’s Ambitious Plans for Green Hydrogen Production in Finland US company Plug Power has made a groundbreaking announcement to construct three state-of-the-art green hydrogen production plants in Finland, solidifying the country’s position as a frontrunner in the European green hydrogen economy. The investment, estimated to be in the billion-euro…
Japan’s multinational company, Omron, is set to inaugurate its inaugural medical device factory in the southern state of Tamil Nadu, India, as it joins the growing list of foreign manufacturers expanding their operations in the region. The new facility will specialize in producing medical devices such as blood pressure monitors…
Malawi’s efforts to attract foreign investors are facing challenges due to the lack of bilateral investment treaties (BITs). Statistics reveal that out of the seven countries Malawi has signed BITs with, only Italy is among the world’s top 10 largest economies by gross domestic product (GDP). Limited Effectiveness of Signed BITs Among the signed BITs, only three are currently in force: Italy, The Netherlands, and Egypt. However, the treaties with…
Russia has committed to providing Malawi with a substantial sum of US$20 million (K20 billion) to establish nuclear energy as a reliable source of electricity. The Deputy Minister of Internal Affairs in Russia, Igor N. Zubov, made this announcement during a meeting with Malawi’s Minister of Homeland Security, Ken Zikhale Ng’oma, in Moscow. Zubov emphasized that investing in nuclear energy could propel Malawi toward becoming a middle-income country by ensuring…
The State Commission supports the usage of ‘Karaliaučius’ alongside ‘Kaliningrad’ The State Commission of the Lithuanian Language (VLKK) has recently made a decision regarding the proposal put forth by several Members of Parliament to cease using the name ‘Kaliningrad’ when referring to the Russian exclave situated between Lithuania and Poland. While the commission rejected this proposal, it expressed its support for the usage of ‘Karaliaučius’ as an alternative name, which…
The National Petrochemical Company (NPC) of Iran is actively seeking foreign investment through joint ventures to propel the country’s petrochemical industry onto the global stage. CEO Morteza Shahmirzaei emphasized the importance of international cooperation during a meeting with Iran’s ambassadors and consuls. With a positive outlook on the industry, NPC aims to implement policies that facilitate foreign investment and secure new export markets. Expanding Global Reach through Foreign Investment The National Petrochemical Company (NPC) of Iran is making significant strides…
The Federal Government of Nigeria has pledged to provide a minimum of 50 percent of the seed capital for the establishment of the Nigerian Wholesale Impact Investment Fund (WIIF). This announcement was made by Clem Agba, the Minister for State Finance and Budget Planning, during a high-level Roundtable meeting held in Abuja on Thursday. Promoting Public-Private Partnerships for a Just and Equitable Society Agba emphasized the government’s commitment to promoting public-private partnerships aimed at fueling a just and equitable society.…
Commitment to Iran-Pakistan Gas Pipeline Project Minister of State for Petroleum, Musadik Malik, reaffirmed Pakistan’s determination to finalize the gas pipeline project with Iran during a recent statement. Despite international sanctions imposed on Iran, Pakistan intends to carefully review the matter before making a decision. Currently, Pakistan is engaged in trade with Iran through the border system and has been purchasing 100 megawatts of electricity from its neighbor. These positive trade relations indicate the potential for successful collaboration on the…
Woman Dies in Gas Cylinder Explosion in Takhar Province: Local Taliban Officials Respond On Tuesday, May 30, a woman was reported dead in the Khaja Bahauddin district of Takhar province after a gas cylinder explosion in her home. According to Tayyab Tariqi, the district governor for Khwaja Bahauddin, the incident took place in the afternoon while the woman was cooking. The victim was a 35-year-old woman, according to Tariqi. While the house caught fire during the explosion, local authorities were…
Ghana’s President Nana Akufo-Addo has welcomed the $3 billion funding package that his country secured from the International Monetary Fund (IMF) this month, saying it will provide a foundation for repositioning the economy and enable the authorities to better control inflation and interest rates. IMF Deal to Support Fiscal Consolidation and Debt Sustainability The IMF approved a 36-month arrangement under the Extended Credit Facility (ECF) for Ghana on May 17, 2023, following a staff-level agreement reached in December 2022. The…
Chinese President Xi Jinping met with Russian Prime Minister Mikhail Mishustin on Wednesday and expressed Beijing’s firm support for Moscow’s core interests, state media reported. China-Russia strategic partnership According to the official Xinhua news agency, Xi said that the two countries will continue to “provide each other with firm support on issues concerning each other’s core interests and strengthen collaboration in multilateral arenas”. He also praised the “high level of mutual trust and coordination” between China and Russia, which he…
Prime Minister Nikol Pashinyan attended the groundbreaking ceremony of the state-of-the-art “Dalan” technology center in Yerevan. With a total area of 158,000 square meters and an investment program valued at 125 million USD, the center is set to become a major hub for innovation and employment, showcasing Armenia’s commitment to technological advancement. A Center for Technological Advancement The “Dalan” technology center in Yerevan aims to propel Armenia’s technology sector forward. With the support of the Armenian government and the Enterprise…
Polish Government Challenges EU Commission’s Statements In a recent statement, the Polish Deputy Minister of Funds and Regional Policy, Marcin Horała, challenged the assertions made by the European Commission regarding the involvement of the Polish government in the construction of the Swina Tunnel. He questioned why the tunnel was not built during the eight-year tenure of the Donald Tusk government if the current claims were true. Horała emphasized that it was the Law and Justice (PiS) government that, through dialogues…
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