President Macky Sall's unexpected move to postpone the February 25, 2024, elections has plunged Senegal into a deep political crisis. Nationwide protests erupted, leading to two tragic deaths in Dakar and Saint-Louis. The government's use of tear gas and mobile internet suspension only fueled public anger. Surprisingly, the National Assembly approved the delay to December […]
Over the past decade, China has become Mozambique's top infrastructure partner, achieving significant milestones. Highlighted projects, like the Maputo-KaTembe project, the longest African suspension bridge, and Maputo Ring Road, showcase the deep cooperation between the two countries. The partnership has brought to life the EN6 highway, linking Beira to Machipanda, upgraded Mozambique’s railways, and boosted […]
Fitch keeps Mozambique's rating at CCC+, noting debt reduction and growth from LNG projects. The country faces credit risks due to high debt and governance issues. However, Fitch sees potential in the LNG sector, predicting 4.5% GDP growth for 2024-2025, supported by a $456 million IMF program. Debt is expected to decrease from 96.4% to […]
As the sun sets, a gloomy two-bedroom in Manhattan reveals its age, with its walls and a dead pigeon painting a picture of neglect. Mike Danton inspects his 21-unit building, bought for $4.8 million in 2018, now under the tight grip of New York City's stringent rent controls. This system restricts him to charging rents […]
UBS predicts Brazil's Selic rate will decrease to 8% by the end of 2024, below the broader market's expectation of 9%. Analysts attribute this to stagnant industrial inflation and decreasing food prices. These factors, they argue, will more than offset the steady inflation in services. As a result, they expect the IPCA to hit 3% […]
On February 7, Brazil marked a landmark achievement, powering 92.4% of its electricity from renewables, as confirmed by the Ministry of Mines and Energy MME. Minister Alexandre Silveira praised this record, especially noting the peak energy use of 101,860 megawatts. Brazil stands as the world's fifth-largest country in terms of geographical size and population. Consequently, […]