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CNBC Closing Bell July 12, 2024

Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten o ....

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East Africa: A Hot-bed for Energy Related Investments | Industry Insights


East Africa: A Hot-bed for Energy Related Investments
East Africa is emerging as a hotbed for energy related investments not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world. Countries like Tanzania, Kenya, Ethiopia, and Rwanda - which have traditionally depended on biomass to meet most of their energy requirements - are gradually shifting to modern energy sources to meet the growing demands of the expanding urban population and the rising per capita income levels.
New analysis from Frost & Sullivan, ‘East Africa Energy’, finds that East Africa will possess more than 50,000 megawatt (MW) of generation potential by 2030, dominated by hydro, coal, wind, geothermal and natural gas based generation systems. More than 80 percent of the potential gas reserves in East Africa are concentrated around Mozambique and Tanzania. While LNG exports from these countries are expec ....

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