Natural gas shortages hit Tunisia amid cold snap

Tunisian remote areas are facing significant natural gas shortages due to shipping delays, exacerbated by unusually cold weather, leaving people without gas for heating and cooking.

Mozambique counts on LNG projects for economic transformation

Mozambique’s president stated that the terms of planned LNG projects with TotalEnergies and ExxonMobil will not be reviewed as the contracts are new and not yet operational.

Oil theft drops sharply in Nigeria boosting reserves and production

Nigeria’s oil reserves have increased slightly, and crude oil production has surged by 26% in 2024, driven by a decline in oil theft.

UAE expands trade ties with Kenya, partners

The United Arab Emirates has signed comprehensive economic partnership agreements with Malaysia, Kenya, and New Zealand.

Ivorian cocoa production at risk due to lack of rain

Cocoa farmers in Ivory Coast are concerned that the ongoing drought could significantly impact the upcoming mid-crop harvest.

Mali seizes gold stock at Barrick mine amid contract dispute

Mali has started seizing gold stocks at Barrick Gold’s Loulo-Gounkoto site, escalating tensions over mining contracts and the country’s demand for a bigger share of mining revenues.

Standard Chartered appeals Zambia’s SEC enforcement decision

Zambia’s SEC has sanctioned Standard Chartered for mis-selling Chinese property bonds to local clients, leading to an appeal by the bank.

Ethiopia revives securities trading in push for economy

Ethiopia has launched its first securities exchange in decades, aiming to attract private investment and liberalize its economy under Prime Minister Abiy Ahmed’s reforms.

Morocco sets new tourism record with 17 million visitors

Morocco welcomed a record-breaking 17 million tourists in 2024, a 20% increase from the previous year, driven by investments in tourism infrastructure and increased air connectivity.

Inflation slowdown in Egypt amid economic woes

Egypt’s annual inflation rate slowed to a two-year low of 23.4% in December, according to the state statistics agency.

Gemfields urges Zambia to reverse 15% emerald export tax

The coloured gemstone producer Gemfields is asking Zambia to reverse the 15% emerald export tax, fearing it may undermine the stability and future prospects of the country’s emerald industry.

China development bank loans $255M for Kano-Kaduna rail project

The $973 million project, which has faced delays due to funding issues, will see the development of a 203-kilometre (126-mile) standard-gauge railway

Nigerian railway project receives $255 million loan

The construction of the Kano-Kaduna railway project in Nigeria has received a significant boost with the release of a $254.76 million loan from China Development Bank.

Zambia drought pressures kwacha, pushing it to new lows

Zambia’s kwacha reaches record lows as the ongoing drought severely impacts the country’s economy, currency, and key industries.

Disney restructures Africa business, appoints new president

Tony Chambers, a seasoned Disney executive, has been named president of the company’s Europe, Middle East, and Africa region, succeeding Jan Koeppen.

China’s foreign minister begins Africa tour with visit to Namibia

China’s foreign minister Wang Yi visits Namibia as part of his annual Africa tour, reaffirming China’s commitment to the continent’s development and strengthening bilateral ties.

Ghana passes provisional budget, avoids shutdown

The approval, granted after extended deliberations late Thursday night, provides a financial lifeline as the country transitions to a new administration

ICC exempts Tullow oil from $320m tax in Ghana

Tullow Oil is exempt from a $320 million tax assessment after the ICC ruled that the Branch Profit Remittance Tax does not apply to its Ghana operations.

Uganda to launch third oil exploration licensing round

Uganda’s Energy Minister announced plans for a new oil exploration licensing round and revealed the selection of a winner for a tender to redevelop the Kilembe copper mine.

Senegal, Mauritania start of gas production at GTA project

Senegal and Mauritania have announced the first gas production from the Greater Tortue Ahmeyim (GTA) gas project, developed by BP and partners.

Nigeria to establish credit guarantee company

President Bola Tinubu announced the establishment of a National Credit Guarantee Company in May to expand credit access for businesses and individuals in Nigeria.

Nigeria’s Warri Refinery back online after decade of shutdowns

Nigeria’s Warri oil refinery has resumed some operations after nearly a decade of shutdowns, marking a significant step in the government’s efforts to revive the country’s moribund refining sector.

EU wheat up on Algerian purchase, Russian prices

EU wheat prices rose slightly this week, supported by strong demand and Russian price dynamics, though challenges remain with export competition and Algeria’s limited tender.

Mozambique unrest disrupts South Africa gas supply

Sasol has reduced natural gas production in Mozambique due to widespread unrest following the disputed presidential election, impacting gas supply to South Africa.

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