Egypt-Built Chad Highway to Boost African Trade, Strengthen Cairo-N’Djamena Cooperation
A major highway being built by an Egyptian contractor in eastern Chad is expected to transform trade and transport links between North and Central Africa, providing landlocked Chad with faster…
Business
Libya Eyes 1.6 Mln BPD Oil Output by 2025 With $4 Bln Investment
Libya aims to increase its oil production to 1.6 million barrels per day (BPD) by the end of 2025, backed…
DRC Launches Investigation into $315 Million Embezzlement at Gecamines
The Democratic Republic of Congo (DRC) has launched a formal investigation into the alleged embezzlement of over $315 million in…
Nigeria Joins BRICS as Partner Country, Pledges Enhanced Economic Cooperation
In a major development that underscores Nigeria’s growing role in the global economic landscape, the West African nation has officially…
Dangote Refinery Reduces Nigeria’s Dependence on European Petroleum Imports, OPEC Reports
Nigeria’s energy landscape is undergoing a profound transformation, largely due to the launch of the Dangote Petroleum Refinery, the largest…
Rwanda Discovers Oil in Lake Kivu, Unveiling 13 Reservoirs and Future Energy Potential
Rwanda has made a significant leap in its energy development by announcing its first-ever oil discovery in Lake Kivu, revealing…
Russia Ships First 27,000-Tonne Wheat Export to Togo, Boosting African Trade
Russia has initiated wheat exports to Togo, delivering its first shipment of 27,000 tonnes, a move that underscores Moscow’s growing…
Benin Becomes First African Nation to Issue $750 Million Bond in 2025
Benin has announced plans to raise $750 million by issuing dollar bonds in early 2025, marking its position as the…
Nigeria Receives First Brown Rice Shipment in a Decade to Tackle Rising Food Inflation
Nigeria has received its first brown rice shipment in a decade, marking a critical step in the country’s efforts to…
Dangote Refinery Expands Storage Capacity to Counter Crude Supply Challenges
Dangote Refinery, Nigeria’s largest oil refining project, is undertaking a significant expansion of its crude oil storage capacity in response…
South Sudan Resumes Oil Production Targeting 90,000 Barrels Per Day
South Sudan has officially announced the resumption of oil production in its oil fields located in Blocks 3 and 7,…
Canadian Barrick Gold Threatens to Halt Mali Operations Over Disputed Mining Regulation
In 2023, Mali, the second-largest gold producer in Africa and the 11th-largest globally, introduced new mining regulations aimed at maximizing…
Former Mauritius Central Bank Governor Arrested Amid Fraud Investigation
Harvesh Kumar Seegolam, the former governor of the Bank of Mauritius, was arrested on Friday in connection with an ongoing…
