Fuel prices hit all-time high in Kenya
Many Kenyans have accused President William Ruto of failing to fulfill a series of promises he made during his campaign for last year’s election, in which he vowed to enhance the well-being of the average citizen.
Despite the war, Sudan produces 2 tons of gold worth $124 million
The financial value of this production reached $124 million, with the government’s share being $25.5 million
Nigeria grants 42 contracts as part of a delayed flaring program
The program, initially introduced in 2016 to auction rights for capturing and selling flared gas, encountered multiple delays and failed to meet its target of awarding the contracts by December 2022.
Libyan oil ports resume operations after deadly storm
According to Al Omran, the eastern ports of Brega, Es Sidra, and Ras Lanuf were reopened on Tuesday, and the port of Zueitina resumed operations on Wednesday morning.
OPEC’s oil supply rises in August
Global oil production remains broadly unchanged averaging 100.7 million barrels per day, according to OPEC report
EU downgrades economic outlook as Germany slips into recession
EU economy to grow with ‘reduced momentum,’ says European Commission
Egypt inflation hits record high of nearly 40%
Food and beverage prices alone witnessed a staggering 71.9 percent rise compared to August 2022
Rice prices at a 15-year high but global food prices down in August
Food prices down 2.1% month-on-month in August, while rice prices up 9.8%
G20 grants African Union equal membership status to the EU
G20 grouping of nations has agreed to grant permanent membership to the African Union
Nigeria to host Africa Internet Governance Forum
The event will showcase distinguished speakers, policymakers, industry experts, and thought leaders hailing from various regions in Africa and beyond.
Zambia’s largest copper mine avoids liquidation, gets much needed cash
Vedanta has further committed to an annual investment of $20 million in the local mining community.
Oil prices decline as traders capitalize on recent profits
Data showing recovery in US and Chinese economies along with reports of further supply cuts by Saudi Arabia and Russia supports price rises
Slight increase in oil prices amid optimism for US demand
Oil prices slightly up with demand optimism in US
Coup in Gabon slightly increases oil prices
The military coup in Gabon, a member of the Organization of the Petroleum Exporting Countries (OPEC), on Wednesday pushed oil prices slightly upwards while creating supply risks
Gabon coup hits European markets with declining bonds, shares
Gabon’s international bonds experienced their most significant decline on record, and shares of European companies that operate in Gabon faced a sharp tumble, reflecting the investors’ concerns
TotalEnergies says safety of Gabon operations is ‘main priority’
TotalEnergies: safety of Gabon employees and operations is ‘main priority’
3M to pay $6 billion in earplug settlement
3M agrees to pay $6 billion in earplug settlement
Algeria discovered 10 new gas and oil fields in the first half of 2023
An official from Algeria’s state-run oil company, Sonatrach, announced that the company discovered 10 new oil and gas in the first half of this year
Oil prices down as investors wait on Chinese economy data to be released
Oil down as investors eye data release on Chinese economy to gauge demand
Suez Canal revenues reach one million dollars per hour
For the first time in its history, the Suez Canal achieved revenues of one million dollars per hour
From idea to impact: African startups redefine entrepreneurship
Africa’s startup scene is experiencing a remarkable renaissance
Kenya says it reached content moderation agreement with TikTok
Kenya says TikTok agrees content moderation deal
UBS, US banks will pay $499 million to settle antitrust lawsuit
Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS will pay $499 million to settle an antitrust lawsuit from investors alleging they conspired to stifle competition in the stock lending market
Meta, sacked moderators have 21 days to reach settlement – Kenya court
Facebook parent company seeks settlement in lawsuit with Kenyan content moderators