Nigeria’s first private refinery begins gasoline exports to Africa
Newly refined product to improve oil market in sub-Saharan Africa, says president of Dangote Refinery
Nigeria’s fuel crisis worsens, burdening struggling citizens
Fuel shortages in Nigeria are exacerbating the cost-of-living crisis, as the state-run oil company struggles to meet demand due to financial constraints.
Libyan crisis drags OPEC oil output to lowest since January
A discussion of the future outlook for OPEC’s oil production, considering the ongoing geopolitical tensions and the potential for further disruptions in supply.
Gulf allies come to Egypt’s rescue amid power shortages
To alleviate the situation, Saudi Arabia and Libya have provided financial assistance to help Egypt import gas.
Indonesia’s geothermal and pharma projects boost African ties
Indonesia is hosting the second Indonesia-Africa Forum in Bali, aiming to strengthen economic ties and sign business deals worth $3.5 billion.
African leaders in Beijing as China seeks to expand exports
China will push African nations at an upcoming summit to increase imports of its goods, especially green technologies, before Western export restrictions take effect.
Belt and Road to focus on HQ cooperation at China summit
China pledges to strengthen its Belt and Road initiative with high-quality cooperation, particularly in Africa, ahead of a summit with African leaders in Beijing.
Eastern Libya’s oil shutdown cuts national production by 63 pct
Libya’s oil production has plummeted due to a blockade imposed by eastern factions demanding the reinstatement of the central bank governor.
Low prices, EV rise push S African platinum industry to the brink
The future of South Africa’s platinum mining industry looks bleak as low prices and the growing popularity of electric vehicles are driving demand down.
Ghana’s mining sector recovers with new projects
Ghana’s mining industry is experiencing a resurgence as the country prepares to commission its first large-scale greenfield mine in over a decade.
Central Bank optimistic about South Africa’s economic future
South Africa’s central bank governor expresses optimism about the country’s economic future, citing recent progress in addressing the power crisis.
Egypt inflation slows, but central bank lending to govt surges
Egypt’s central bank has increased its lending to the government, fueling concerns about economic stability and inflation.
Limpopo frost wrecks potato crops, driving South Africa prices up
South African consumers are facing higher potato prices due to a supply crunch caused by a frost that damaged crops in the Limpopo region.
Ethiopia’s mega-dam doubles electricity production
The dam, a source of regional tensions, is now generating 1,550 megawatts of power.
Anti-graft unit exposes years of corruption in South Africa
The report by South Africa’s anti-graft unit reveals widespread corruption at top state-owned companies, totaling more than $7 billion in losses.
Study reveals sharp increase in food insecurity in Nigeria
Security threats and the removal of fuel subsidies have exacerbated Nigeria’s food crisis, leaving millions struggling with hunger.
Senegal takes environmental action against gold mining
Senegal has implemented a three-year ban on mining activities along the Faleme River to address pollution concerns and protect the health of local communities.
Binance executives face trial in Nigeria a month earlier
Two executives have been charged with laundering over $35 million, and one has escaped detention. The trial date has been moved up.
Ivory Coast’s cocoa season starts slowly despite abundant pods
Cooler weather and insufficient rainfall are impacting Ivory Coast’s cocoa production.
Ivory Coast to subsidize small cocoa exporters to boost volumes
Government is increasing its support for small cocoa exporters to help them compete with larger international players.
Ghana’s debt restructuring plan takes final steps
Investors in Ghana’s Eurobonds have a chance to swap their holdings for reissued bonds.
Mali’s mining companies see sharp drop in gold reserves
The decline is attributed to various factors, leading to a potential drop in gold production.
Kenya aims for nuclear power plant by 2034 amid safety concerns
Kenya is set to build its first nuclear power plant by 2034 amid environmental concerns and a major summit.
Algerian tanker sets sail for Lebanon with fuel aid
The shipment is expected to help restart power plants and restore electricity in the country.