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Brent Jumps After Explosion At Major Oil Pipeline In Libya

After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal – home of the largest oil depot in Libya – a source from the Libyan National Army told The Libya Times Tuesday. The blast happened near […]


New Fiscal Rules Will Produce Discipline And A Confidence Shock In Zimbabwe

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Zimbabwe’s new President Emmerson Mnangagwa, like his predecessor Robert Mugabe, claims that economic sanctions have crippled Zimbabwe’s national development. What nonsense. Robert Mugabe and the current governing party ZANU-PF have made Zimbabwe into an economic basket case. Indeed, the ruling […]


Libya – Trump Jumps Back In

Authored by Richard Galustian via The Ron Paul Institute for Peace & Prosperity, For over a year, the United States has been disengaged from Libya’s turmoil, with President Donald Trump declaring America had “no interest” in its interminable civil war. That all changed last Friday December 1st, when the President abruptly announced a rethink in a […]


New Rumblings In The Horn Of Africa Over Ethiopia’s Grand Renaissance Dam

Authored by Andrew Korybko via Oriental Review, Tensions are rising between Egypt and Ethiopia over the latter’s Grand Renaissance Dam. Cairo recently reiterated its longstanding position that it’s against Addis Ababa’s construction of this megaproject on the Blue Nile river through which it receives most of its water, believing that the dam would allow Ethiopia […]


Anarchy: How a Region of Somalia Just Solidified Its Independence

Via The Daily Bell If you hate the government so much, why don’t you move to Somalia? That might soon be a great option. The truth is Somalia is not without government. It actually has multiple governments. In the south, you see corruption, crime, and gang-like government oppression. This is what the United Nations and […]


Libyan Slave Markets Create Diplomatic Storm In Africa, UN Security Council To Meet

Anti-slavery protests continued across various world capitals this week, especially in countries across Africa, after earlier protests in France got violent when police used tear gas and other riot control tactics on a crowed of more than one thousand outside of the Libyan embassy in Paris. The protests are in response to last week's widespread reports of slave […]


Zimbabwe Stock Market Crashes 35% As “Euphoric” Nation Awaits New Leader

Despite reported "euphoria" in the nation as former Mugabe deputy Emmerson Mnanagwa was expectd to arrive and be sworn in on Friday, Zimbabwe stocks fell another 10% today, having now erased more than third of the country's market cap in the last few days. Several hundred people gathered in anticipation of his arrival. Some carried […]


US Calls For ‘Genuine Transition’ In Zimbabwe As Mugabe Resigns

Update: During a small roundtable with State Department reporters late Monday, Acting Assistant Secretary of State for African Affairs Donald Yamamoto urged the Zimbabwe military to implement “real, genuine, economic [and] political reforms" and to ensure elections scheduled to be helpd next year are fair and transparent. The message came hours before Zimbabwe's parliament speaker […]


Zimbabwe President Robert Mugabe Resigns

Zimbabwe’s Speaker of Parliament Jacob Mudenda had barely finished reading the rules and regulations of how impeachment proceedings would proceed against President Robert Mugabe when the 93-year-old leader and former revolutionary surprised his colleagues by officially resigning the presidency – something he had been reluctant to do even after the military placed him under house […]


Zimbabwe Military Says Mugabe Impeachment Process Has Begun

Zimbabwe President Robert Mugabe baffled his country and the world last night when, instead of publicly announcing his resignation, he reaffirmed his intention to stay on as the head of state in Zimbabwe, and admonished members of his ruling ZANU PF party for their “arbitrary decision making” and “victimization.” Mugabe’s defiance immediately spurred conspiracy theories, […]


Wild Footage Of Mugabe’s Son Drenched In Diamonds, Right Before Zimbabwe Coup

Days before the military coup d’état in Zimbabwe, one of Mugabe’s sons uploaded a snapchat displaying his £45,000 diamond watch with £200 champagne, according to Daily Mail. The story went viral fueling anger of Zimbabweans as the country suffers from an economic collapse with a 95% unemployment rate. The video shows Chatunga Bellarmine Mugabe in a South African nightclub pouring […]


Mugabe Admits ‘Mistakes’, But Refuses To Resign In Defiant Speech

Update 8:  Bloomberg is reporting that Zimbabwe’s ruling party will proceed Monday with its plans to impeach President Robert Mugabe after the long-term leader refused to resign Sunday evening, as was expected. Bloomberg's sources said Mugabe’s speech, including a vow to preside over the party conference in December, deviated from an earlier agreement with military […]


Watch Live: Mugabe Agrees To Step Down, Ending Historic 37-Year Reign

Update 5: Here's the live feed for Mugabe's speech, which is being broadcast on the state TV channel: * * * Update 4: Reuters is reporting that Robert Mugabe has reluctantly agreed to resign the presidency of Zimbabwe after 37 years in power. His decision comes after members of his own party voted to oust […]


“The President Is Gone” – Zimbabwe Ruling Party Officially Ousts Mugabe

A day after thousands of demonstrators took to the streets of Harare to celebrate the imminent removal of Robert Mugabe, the country’s 93-year-old dictator who’d been effectively deposed during a surprise coup earlier this week, the country’s ruling party has officially voted to remove him from office and install his former deputy, Emmerson Mnangagwa, as […]


‘Zimbabwean Spring’ Looms As 1000s Celebrate Mugabe’s Imminent Exit

Tens of thousands of jubilant Zimbabweans joined rallies on Saturday to celebrate the imminent departure of President Robert Mugabe, the only leader they’ve known since independence in 1980. As Bloomberg reports, Mugabe triggered his own downfall by firing Emmerson Mnangagwa as his vice president last week, a move that prompted the military to intervene and place him under […]