Eni secures two blocks in Egypt’s oil and gas exploration round

In addition, the company clinched a third block in the Mediterranean Sea, partnering with BP (BP.L) and QatarEnergy (QATPE.UL)

Nigeria’s external debt surges amidst naira depreciation

Earlier this year, the Central Bank of Nigeria (CBN) implemented a series of foreign exchange policy adjustments that resulted in a significant depreciation of the naira’s value.

Turkish official: Our trade with Africa exceeded 40 billion dollars

The trade volume between Turkey and the African continent exceeded 40 billion dollars in 2022

Nigeria aims for 2.1 M bpd oil output by December 2024

Oil production reached 1.41 million barrels per day (bpd) in August, marking an 8% increase from July, as indicated by data from the petroleum regulator.

Russian government imposes limitations on export of gasoline, diesel

Temporary restrictions come in bid to stabilize fuel prices in domestic market, says government’s press service

Oil prices down more than $1 ahead of US Fed interest rate decision

The Federal Reserve’s interest rate decision is scheduled to be announced at 1800 GMT

Egyptian pharmaceutical exports to Sudan target 300% increase

Egypt’s pharmaceutical exports to Sudan reached 37 million dollars in 2022, according to Maged George, the President of the Export Council for Pharmaceuticals and Medical Supplies

Istanbul set to host Turkish-African business summit next month

4th Turkey-Africa Business and Economic Forum set for Oct. 12-13 prioritizing energy, infrastructure, agriculture, healthcare and tourism

IMF approves $1.3 billion loan for earthquake-stricken Morocco

Morocco struck by magnitude 7 earthquake, killing nearly 3,000 people, according to official figures

X platform transitioning to monthly user charges

Move aims to get rid of ‘vast armies of bots,’ says X/Twitter owner Elon Musk.

S. Africa reveals cost-cutting measures ahead of November budget

The treasury underscored that tighter financial conditions and a public wage settlement higher than initially budgeted for have made these new cost-saving measures necessary.

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

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