South Africa proposes strategic oil reserve expansion

Loading player...
South Africa has announced plans to expand its strategic oil reserve for the first time since the apartheid era. this is in its response to the global supply shocks. The proposal aims to reserve approximately 36 million barrels, comprising 70% crude oil and 30% refined petroleum products, to meet 60 days of National demand. The proposal also requires licensed oil marketers to hold an additional 21 days of oil stock as a buffer. The government says this will mitigate oil supply shocks in cases of emergencies.
And an exclusive chat with award winning Ugandan hip-hop artist and pioneer of the music genre Uga-flow, Navio, on East Africa's music scene and how he's stayed relevant, more than 20 years in the industry

Presenter: Nkechi Ogbonna
Producers: Bella Twine and Ayuba Iliya
Senior Producers: Keikantse Shumba
Technical Producer: Davis Mwasaru
Editors: Rhoda Odhiambo and Maryam Abdalla
29 Jul 11AM English United Kingdom News

Other recent episodes

Burkina Faso's Traore on religious extremism

In Burkina Faso, the military-led government has launched a controversial campaign targeting what it describes as religious extremism. Transitional leader Captain Ibrahim Traoré, appears to be at odds with sections of the country's Muslim community after the arrests of some clerics and signing of a new law aimed at curbing…
30 Jul 11AM 22 min

Ethiopians on death row in Saudi Arabia

Saudi Arabia has executed five more Ethiopian migrants after convicting them of smuggling hashish, a concentrated form of cannabis. The Saudi Interior Ministry announced on Monday, July 27th. This latest execution brings the total number of Ethiopians put to death in the last three months to 17. The ministry emphasized…
28 Jul 11AM 22 min

WAFCON officially kicks off in Morocco

The Women's African Cup of Nations (WAFCON) has kicked off in Morocco, with an expanded 16-team tournament bringing together the continent's best sides in the battle for the African title. The host country, Morocco has defeated Kenya , 4-0 (nil) in the opening match. Running till the 16th of August,…
27 Jul 11AM 22 min

Yemi Alade: beyond the music

Grammy-nominated Yemi Alade is one of Africa's biggest music stars and a trailblazer who has helped take Afrobeats to audiences around the world. She's collaborated with artists including Beyoncé and became the first female African Afrobeats artist to surpass 100 million views on a single music video. Now, she's touring…
24 Jul 11AM 22 min

Mali insecurity escalates amid jihadist attacks

At least 50 soldiers have been killed in the latest attack in Mali as insecurity mounts in the country. The ambush took place near the northern town of Anefis and is one of the deadliest to occur in years. The attack has been claimed by Tuareg separatists and Al-Qaeda linked…
23 Jul 11AM 22 min