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Setting the record straight on Zimbabwe's oil [Business]

Setting the record straight on Zimbabwe's oil [Business]

The Morning Call

In this week’s business segment, Amelia Martha Nakitimbo delves into the oil debate in Zimbabwe, the minimum wage deal in Nigeria and Jack Ma’s thoughts on the US-China trade war.

Scott Macmillan, the managing director of Invictus Energy sets the record straight on Zimbabwe’s oil potential, discovery and exploration.

This follows the contradictory reports from the government and the company, following last week’s declaration by president Emmerson Mnangagwa that oil, and gas deposits had been discovered in Northern Zimbabwe.

READ MORE: Zimbabwe discovers oil, gas deposits in north – President

Buhari’s deal with unionists

In Nigeria, the government on Tuesday bowed to pressure from labour unions to pay workers a minimum wage of 30,000 Naira (about $82) up from 18,000 naira.

READ MORE: Buhari approves $98 as Nigeria’s new monthly minimum wage

US-China trade war ‘is stupid’

Chinese billionaire, Jack Ma described the U.S.-China trade war as the ‘most stupid thing in this world’.

The Co-Founder and Executive Chairman of Alibaba Group made the comments during the first China International Import Expo taking place in Shanghai.

SUGGESTED READING: How China-US trade war could affect Africa

The Morning Call

The Morning Call is about you. We want to share your opinions on our programme. If you want to contribute to The Morning Call, here are the best ways to get in touch : For more details on how to contribute, click here.

The Morning Call

The Morning Call is about you. We want to share your opinions on our programme. If you want to contribute to The Morning Call, here are the best ways to get in touch : For more details on how to contribute, click here.