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MMCC woos investors at 2022 World Hydrography Day exhibition

An infrastructure development and maritime related company, Mercury Maritime Concession Company (MMCC), last week exhibited its various projects to potential investors and Nigeria at the 2022 World Hydrography Day held at the Naval Dockyard, Victoria Island, Lagos. During the exhibition, the company showed some of its projects to the Minister of State for Transportation, Senator […]
Victoria Island Delta State River Niger Nigeria General Gbemisola Sarak Awwal Zubairu Gambo

Investment flows to Africa reached a record $83 billion in 2021

Foreign direct investment (FDI) to African countries hit a record $83 billion in 2021, according to UNCTADโ€™s World Investment Report 2022 published on 9 June. This was more than double the amount reported in 2020, when the COVID-19 pandemic weighed heavily on investment flows to the continent. Despite the strong growth, investment flows to Africa accounted for only 5.2% of global FDI, up from 4.1% in 2020.
Democratic Republic Of The Congo United Kingdom South Africa United Arab Emirates Central African Republic Central African
Source: unctad.org

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Investment flows to Africa reached a record $83 billion in 2021

Foreign direct investment (FDI) to African countries hit a record $83 billion in 2021, according to UNCTADโ€™s World Investment Report 2022 published on 9 June. This was more than double the amount reported in 2020, when the COVID-19 pandemic weighed heavily on investment flows to the continent. Despite the strong growth, investment flows to Africa accounted for only 5.2% of global FDI, up from 4.1% in 2020. While most Africa countries saw a moderate rise in FDI in 2021, around 45% of the total ...
Democratic Republic Of The Congo United Kingdom South Africa United Arab Emirates Central African Republic Central African
Source: unctad.org

U.S., European thirst for fuel sends physical oil prices soaring | Hellenic Shipping News Worldwide

Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of physical crude oil to all-time records according to traders. The dearth of fuel in the major consuming countries just as the summer driving season in the United States ...
United States North Sea Oceans General Baltic Sea Shadia Nasralla Frances Kerry

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