Oil and Gas Resources in Africa- A Curse or A Blessing?

Oil and gas remains one of the highest resources whose prices are very volatile in the international market. This is caused by a number of factors including the forces of demand and supply, the speculative nature of investors, oil and financial companies, and the regulatory bodies such as OPEC. Major political events will have an impact on the volatility of oil prices too as major political incident in one part of the country that is a major supplier of oil and gas will turn to affect the entire market and its prices. The major effects of this oil price volatility is the fact that states find it difficult to better plan and manage their budget especially when such budget is highly dependent on oil revenue. The end result is that the oil production in that country will turn to be a curse instead of a blessing. Continue reading Oil and Gas Resources in Africa- A Curse or A Blessing?

Barack Obama in Speeches Inaugural Address.

My fellow citizens: I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank President Bush for his service to our nation… (APPLAUSE) … as well as the generosity and cooperation he has shown throughout this transition. Forty-four Americans have now taken the presidential oath. The words have been … Continue reading Barack Obama in Speeches Inaugural Address.

Obama in Speeches- The Farewell Address

After eight years as your President, I still believe that.  And it’s not just my belief.  It’s the beating heart of our American idea – our bold experiment in self-government. It’s the conviction that we are all created equal, endowed by our Creator with certain unalienable rights, among them life, liberty, and the pursuit of happiness.   It’s the insistence that these rights, while self-evident, … Continue reading Obama in Speeches- The Farewell Address

Building Partnerships that Work

African countries in times past have always depended on the Western world for most of their partnerships. they believed that the western world could best help them grow. On the contrary,  there has been decades of exploitation from the western world; not forgetting the era of slave trade and colonization. At the opening of the 21st century Africans have finally came to the realization that … Continue reading Building Partnerships that Work