South Sudan ends the oil deal with Oranto Petroleum
The South Sudanese ministry opened Block B3 for new oil companies after dropping Oranto Petroleum.
South Sudan ends the oil deal with Oranto Petroleum Read More »
business
Nigeria’s Seplat plans $320 million investment to boost oil output
Seplat Energy plans to invest up to $320 million in new wells and infrastructure in Nigeria this year, aiming to more than double its oil output to as much as 140,000 barrels per day following its acquisition of ExxonMobil’s Nigerian assets.
Nigeria’s Seplat plans $320 million investment to boost oil output Read More »
Funding shortage impacts Ivory Coast cashew industry
Cashew processors in Ivory Coast are facing a funding shortfall, as promised bank funding from the state-owned BNI is not being disbursed.
Funding shortage impacts Ivory Coast cashew industry Read More »
Jumia fights for market share as Temu expands into Nigeria
Jumia plans to grow orders by up to 25% while cutting costs and expanding into new areas, despite increasing competition from Chinese retailers like Temu.
Jumia fights for market share as Temu expands into Nigeria Read More »
South Africa’s unemployment rate dips slightly
South Africa’s unemployment rate saw a slight decrease to 31.9% in the last quarter of 2024.
South Africa’s unemployment rate dips slightly Read More »
Nigeria’s largest refinery set to maximize production soon
Nigeria’s Dangote Oil Refinery is set to operate at full capacity in 30 days as crude supply improves, after struggling to secure local volumes.
Nigeria’s largest refinery set to maximize production soon Read More »
Record Polo exports for Volkswagen’s African unit
In 2024, Volkswagen’s African unit set a new record with 131,485 Polo exports to Europe and Asia-Pacific markets.
Record Polo exports for Volkswagen’s African unit Read More »
Nigeria works to restart oil production after Shell’s exit
The Nigerian government is exploring the possibility of restarting oil production in the Ogoniland region after Shell sold its onshore business.
Nigeria works to restart oil production after Shell’s exit Read More »
Türkiye boosts exports to Africa by $19.4B in 2024 with key gains
Türkiye’s exports to Africa rose 1.7% in 2024 to $19.4 billion, with Egypt leading at $3.5 billion and chemicals being the top export sector.
Türkiye boosts exports to Africa by $19.4B in 2024 with key gains Read More »
Spirits giant Diageo sells stake in Guinness Ghana to Castel
The company will retain ownership of the Guinness brand and other Diageo brands produced by Guinness Ghana.
Spirits giant Diageo sells stake in Guinness Ghana to Castel Read More »